Invast Securities Discloses Mixed Yearly Financials, Revenues Shine

Revenues and income were a mixed bag for Invast during the fiscal year, moving in different directions.

Invast Securities has released its annualized financial figures for the year ending March 31, 2016 – the broker saw a manifold increase across some key metrics, including a strong performance in revenues relative to the year prior, according to an Invast statement.

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Over the past year, Invast saw an uneven performance across its operating revenues, which constituted a low of $2.3 million (¥244 million) back in November 2015 as well as a high of $3.5 million (¥379 million) back in June 2015. By and large, the broker underwent an oscillating string of revenues throughout the fiscal year ending March 31, 2016, though taken as a whole it managed to report a consolidated figure of ¥3,785 million in yearly operating revenues – this compares to just ¥3,474 million in the year prior, an 8.9% difference YoY.

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In addition, Invast also secured a healthy uptick in its commissions earned from its exchange FX business and other channels, yielding a year-end figure of ¥969 million for the year ending March 31, 2016, jumping 12.3% YoY from ¥863 million in the previous fiscal year.

Income Pointed Lower

Another component of Invast’s business metrics that seemed to shine in 2016 was across its income – indeed, operating income notched a vast improvement in the recent fiscal year, disclosing a consolidated figure of ¥311 million for the year ending March 31, 2016, easily outperforming a -¥119 million loss for the past fiscal year.

This strength was not extended to Invast’s net income however, and despite carrying a consolidated figure of ¥496 million in the previous fiscal year, it reported a negative sum of -¥404 million, ending March 31, 2016. EBITDA numbers also corroborated this trend, falling in multiple quarters during 2016 – Q3 2016 represented a bottoming out of just ¥17 million, corresponding to a Q4 2016 high of ¥224 million.

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