Invast Securities is one of the latest retail brokers to publish its financial results for the three month period ended September 30, 2019, this week. Overall, the firm managed to report an uptick in revenues, but a net loss for the period.
Invast Securities’ fiscal year ends on March 31, 2020. Therefore, the three months to September 30, 2019, is the second quarter of the retail broker’s fiscal year.
During the second quarter, operating revenues for Invast Securities came in at ¥1.19 billion ($11.02 million). When measuring this against the previous quarter, where operating revenues were ¥1.13, second-quarter revenues have increased by 6.1 percent.
Against the same period of the previous year, operating revenues also rose by 5.7 percent in the second quarter. Net operating revenues for the quarter were ¥1.13, which is also higher quarter-on-quarter and year-on-year.
Invast reports net loss for Q2
Although the broker reported solid revenues, when it comes to income, the results did not hold up as well. In particular, during the second quarter of the firm’s 2020 fiscal year, the company actually reported a net loss of ¥65 million.
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Not only did the broker report a net loss, but Invast Securities also posted an operating loss of ¥111 million. In the previous quarter, the Japanese broker achieved an operating income of ¥117 million and a ¥171 million operating income in the second quarter of the 2019 fiscal year.
Breaking revenues down to business sectors, during the second quarter, revenues generated from commissions for exchange FX was ¥69 million. This is up compared to the previous quarter by 25.5 percent. Year-on-year, however, revenues decline by 17.9 percent.
Revenues generated from trading profit and loss for forex and over-the-counter trading was ¥859 million. This figure is stronger on both a quarterly and yearly comparison, having risen by 1.9 percent and 0.6 percent, respectively.
Invast Securities launches Chatbot service
This Friday, Invast Securities also announced the launch of a Chatbot service, which is available on its website. The chatbot is available to answer customer questions at any time of the day, and it is also available to use via mobile devices.
“In the future, we will continue to make improvements to the convenience of customers, such as by expanding the scope of questions and renovating the displayed options so that they can be used easily by customers,” the broker’s website states (translated).