Rakuten Securities reports 49% drop in net income

Rakuten Securities reported net income of 5.6bn yen for the six months ended June 30, down 49% from 10.9bn yen a year earlier.

Operating revenue rose 10% to 70.6bn yen from 64.2bn yen in the same period last year.

For the second quarter alone, the company posted net income of 1.9bn yen on operating revenue of 35.6bn yen.