Japan Exchange Group reported its first-half results, with operating revenue of ¥131.002 billion and operating profit of ¥84.668 billion, both sharply higher than in the same period a year earlier. It also announced a 2-for-1 stock split and the cancellation of 9,486,700 treasury shares, equivalent to 0.92% of its total issued shares. The stock came under selling pressure in the afternoon amid views that the available catalysts had run their course.
Japan Exchange Group released its first-half results for April-September. Operating revenue was ¥131.002 billion, up 46.7% year on year, while operating profit was ¥84.668 billion, up 65.1%. Growth in trading-related and clearing-related revenue was cited as a factor.
The company also announced a 2-for-1 stock split, with 31 March next year as the record date, and disclosed that it would cancel 9,486,700 treasury shares on 10 November.
Despite the strong earnings and stock split announcements, views spread that the available catalysts had run their course, and the stock came under selling pressure in the afternoon.