Higher Volatility in 1Q Lifts Japan Exchange Group's Full-Year Guidance; FVE Increased by 5%
Heightened volatility in the Japanese capital market, in line with markets globally, has propelled trading volume for Japan Exchange Group, or JPX, in the first quarter of 2018, or fourth-quarter fiscal 2018 for JPX. As such, JPX lifted its earnings forecast, with fiscal 2018 net income expected to be JPY 50 billion, compared with JPY 42.5 billion earlier and our forecast of JPY 43.6 billion. Our fiscal 2018 forecasts are increased in line with management guidance, but we leave our fiscal 2019 f...Japan Exchange Group is a holding company engaged in the provision of financial instrument exchange services. Through its four major subsidiaries, Tokyo Stock Exchange, Osaka Exchange, Japan Exchange Regulation and Japan Securities Clearing, Co. provides market infrastructure for financial instruments including financial instrument exchange. Co. also offers traders and investors reliable venues for trading listed securities and derivative instruments, as well as clearing and settlement services through a central counterparty. Co. was established through the business combination between Tokyo Stock Exchange and Osaka Securities Exchange on Jan 1 2013.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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