Mitsubishi UFJ Securities Holdings Co. Ltd.'s net profit for the fiscal quarter ended June 30 plunged 91.1% year over year.
The company's consolidated profit attributable to owners for the fiscal first quarter plunged to ¥753 million from ¥8.47 billion in the year-ago period. EPS fell to ¥1.02 from ¥11.49, according to a July 26 report.
Ordinary profit fell to ¥599 million from ¥15.20 billion. Net trading income dropped to ¥32.11 billion from ¥37.35 billion.
The company posted an operating loss of ¥4.30 billion, compared to an operating profit of ¥10.96 billion a year earlier.
Operating revenue increased to ¥97.63 billion from ¥92.61 billion, while net operating revenue fell to ¥66.83 billion from ¥86 billion.
Mitsubishi UFJ Securities is a unit of Mitsubishi UFJ Financial Group Inc.
As of July 26, US$1 was equivalent to ¥108.68.