Invast Securities’ Full Year Results Incur Decline in Revenues, Income

Invast Securities’ Full Year Results Incur Decline in Revenues, Income

Japanese brokerage group, Invast Securities has disclosed its results for the fiscal year ending on March 31st 2017. With multiple subsidiaries operating in Japan and globally, the group has reported a slight decline across a number of different metrics, including its revenues and net income, per a company filing.

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Looking at its total revenues for the full-year ending March 31, 2017, Invast Securities posted a figure of $31.1 million (¥3.5 billion), falling -6.3 percent year-over-year relative to $33.2 million (¥3.8 billion) in the previous fiscal year. Operating income and ordinary income were also pointed lower, each ending the fiscal year in the red.

In terms of Invast’s net income attributable to owners of the parent group however, the total figure corresponded to a net loss of $1.03 million (¥118.0 million) for the fiscal year, vs. a loss of $3.5 million (¥404.0 million) in the year prior. The latest reading marks the second straight yearly loss in this segment, with Invast Securities not seeing a profitable figure since 2015.

Source: Finance Magnates

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