Kyokuto Securities Q1 profits plunge 61% on trading decline

Kyokuto Securities reported a 61.5% decline in operating profit to 1,763 million yen for the first quarter ended June 30. Operating revenue fell 33.3% to 1,763 million yen, while ordinary profit dropped 54.3% to 758 million yen.

The company attributed the decline primarily to decreased net trading income. Profit attributable to owners fell 40.0% to 998 million yen.