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TCL Associates a Tokyo based equity researcher publied its second quarter financial results on Wednesday. Retail had a solid quarter on the bk of a strong Japanese market and asset managent had its best quarter since 2007.CHUO-KU http://www.nfllionsgearshop.com/Men-Kyle-Van-Noy-Lions-Jersey/ , Japan -- TCL Associates on Wednesday announced its consolidated financial results for the second quarter of the calendar year ending December 31st 2013. Net revenue in the second quarter increased 14% pared with the sa period last year, and ine before taxes was 11% higher. Net ine for areholders jumped by 10%. “We had an excellent second quarter with revenues increasing ross the firm and ine steadily rising and year on year ine from our core business segnts is at the highest level in four years, said Mr Souta Tochigi Chairman of the Board of Directors.“Our retail division perford better than expected with sales up significantly from the last quarter of last year, largely due to an increase in sales of equities and investnt funds when the Japanese markets began to rally in April and May. Asset managent reported higher revenues and ine as assets under managent increased. Our Equities and Investnt Banking Divisions reported gains in revenues also due to the Japanese market rally. said Robert Todd a Senior Market Analyst at TCL Associates.“We are continually in the process of lowering our base costs and building a platform for earnings to contribute to economic growth by implenting high value solutions as a global investnt bank. nted Mr Souta Tochigi.Divisional Performance Breakdown: RetailThe retail departnt reported revenue increased by 18% from last quarter and Ine before taxes grew by 37%. In April and May the Japanese markets rallied driving solid sales of stocks and investnt trusts. Total sales increased by 9% as the firm delivered products that are suited to client needs. Asset Managent The asset managent departnt reported that revenue increased 11% pared with the sa period last year. Ine prior to taxes grew by 60% from the previous quarter. Investnts into trust related business was up by 32%. 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