Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sparx Posts Smallest Loss in Three Years on Stock-Market Rebound

Sparx Group Co., a Japanese asset-management company, posted its smallest full-year loss in three years as a recovery in the stock market helped boost assets.

Net loss was 2.2 billion yen ($22 million) in the 12 months ended March 31, compared with a 4.5 billion yen loss a year earlier, the Tokyo-based company said in a stock-exchange statement. Revenue dropped 16 percent to 3.8 billion yen.

Sparx narrowed losses after introducing new funds, including one that invests in building hotels in areas devastated by the March 2011 earthquake, and entering the renewable business.

While total assets increased 25 percent to 669.3 billion yen in the period, losses on securities holdings weighed on earnings, it said. Asset-management fees fell 19 percent to 3.15 billion yen, while performance-based fees slid to 40 million yen, the company said.

Shares of Sparx added 0.2 percent to 33,500 yen at the close of trading on the Jasdaq exchange in Tokyo before the earnings announcement. The stock has almost quadrupled this year, compared with the 80 percent gain by the Jasdaq index.

Sparx said it will change its minimum trading unit to 100 shares with a 100-for-1 stock split effective Oct. 1.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.