Monex Will Repurchase 2.55M Shares In January 2023

Monex Group Inc provided an update on the progress of its share repurchase program, which was announced in November 2022.

Monex repurchased 2,559,800 shares for a total of 1,190,686,458 yen between January 1, 2023, and January 31, 2023. Let us recall that the broker repurchased 4,026,500 shares in December 2022.

The broker decided on the share repurchase after carefully considering the group's business environment, the performance of its subsidiaries in the United States and other countries, the group's solid financial foundation and other conditions, and the current level of the company's stock price.

The total number of shares to be repurchased could reach 12.5 million, with a cost of JPY 5 billion.

From November 14, 2022, to February 28, 2023, the repurchase period is in effect.

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About Monex

Monex Group is a Japanese financial services firm that provides online trading services for foreign exchange (forex) and other financial goods. It was established in 1999 and is based in Tokyo, Japan. Monex Group operates via Monex Inc., a company that is a member of the Financial Futures Association of Japan and is regulated by the Japanese Financial Services Agency. Individual and institutional customers may use the company's trading services, which include retail forex trading, margin trading, and contract for difference (CFD) trading.

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