TOKYO - The Financial Services Agency said Friday it will impose a restriction on the leverage of foreign exchange margin transactions
from August next year despite opposition from investors and businesses engaging in forex trading.
This business segment includes mobile advertising, centered on the mobile portal ixen operated by CA MOBILE, Ltd., the price comparison site operated by EC Navi, online game fee collection service provided by GCREST Co., Ltd., and financial operations such as foreign exchange margin transaction
business operated by CyberAgent FX.
In addition, for various reasons such as the impact of the period of peak advertising demand, the end of the first half, on earnings and the substantial effect of economic and market conditions, including market trends and liquidity, on earnings from the foreign exchange margin transaction
business, projections for the first half have not been released but will be quickly provided at the end of the first quarter.
As for the outlook for the full fiscal year ending September 30, 2008, the Internet The Internet business market continues to expand at a firm pace, and the CyberAgent Group will record firm earnings in all business segments with the Internet media business, centered on the blog media Ameba, mobile business, and foreign exchange margin transaction
business continuing to experience healthy growth and the scope of site listing advertising within the Internet advertising business expanding further.
Consolidated liabilities grew 7,947 million yen to 25,939 million yen as a result of the increase in deposited guarantees for foreign exchange margin transactions
. Net assets decreased 1,784 million yen to 29,385 million yen because of a decrease in shareholder equity following a share buyback and dividend payments.
Nihon Unicom, listed on the Jasdaq over-the-counter market, said the two companies signed the tie-up accord Friday with an eye to running a joint venture related to foreign exchange margin transactions
targeting South Korean customers.
Gains in operating income followed, despite upfront investments to expand page views for Ameba, with income gains from greater sales in the internet advertising agency business, firm earnings from foreign exchange margin transactions and mobile advertising in the internet media (advertising/fee collection/contents) business, and contributions to income from the disposal of shares in Mixi Inc.
Consolidated liabilities grew 2,694 million yen to 20,686 million yen as a result of the increase in deposited guarantees for foreign exchange margin transactions. Net assets decreased 1,858 million yen to 29,311 million yen because of a decrease in shareholder equity following a share buyback and dividend payments.
At present, Internet stock trading brokerage fees stand at between a fifth and a tenth of those charged by conventional securities firms, leading some investors to issue multiple selling and buying orders on the Net, including margin transactions
, in one day.
Tokyo, Japan, Sept 25, 2007 - (JCN Newswire) - Japaninvest Group plc (Security Code: TSE Mothers Global 3827) ("the Company") announced that the Company's shares were expected to be selected as "loanable stock" for the Standardized Margin Transactions
on the Mothers Market of the Tokyo Stock Exchange.
The suspension, excluding settlements for margin transactions
, follows the Financial Services Agency (FSA) decision, announced Monday, to suspend Kokusai's operations at all of its offices on the same three days.