Invast Securities Reports Weaker Japanese Revenues in Q3 FY2017

Japanese brokerage group Invast Securities today disclosed its financial metrics for Q3 of the fiscal year ending March 30, 2017. The report shows that although Invast faced difficulties with decreased revenues in its domestic business, overseas revenues and income increased and began to make a positive contribution to the firm's bottom line.

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Deposited assets and trade volume at Invast both increased significantly due to the provision of the narrowest spread in the industry such as $/¥0.003, but trading profit and loss decreased due to a decline in profitability stemming from the reduced spread (-3.6% year-on-year). The Australian subsidiary IFS continued to increase deposited assets and operating revenue in the third quarter.

In actual number numbers for the period, Invast reported its operating revenue at ¥2.5 billion (down 10.1% year-on-year), and a loss of ¥207 million was recorded for ordinary income. Net losses attributable to the owners totaled ¥192 million in Q3 FY2017.

Contributing to the expenses was the introduction of new value-added services such as TriAuto FX 'Range Focus' and ST24 'Full Auto', bringing advertising expenses to ¥223 million in the third quarter. In addition, fixed expenses increased due to the introduction of a minimum fixed monthly fee in the review of the fee system for the Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term Tradency.