Kabu Sees Lower Revenues but Higher Income YoY in Q2
- Operating revenue was down around 4 per cent year-on-year.
Kabu, an online securities broker, has published its Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term of accounts data for the second quarter for the fiscal year ending March 2019. Taking a look at the results, it appears that the firm’s revenues have taken a hit.
For Kabu, the second quarter refers to the period of April 1, 2018, until September 30, 2018. The securities broker initially published its preliminary figures on Friday. Starting off with operating revenue, in the second quarter of the 2019 fiscal year, Kabu took in a value of ¥10.9 billion ($97.2 million).
This is a 4 per cent drop from the same time last year, when the company took ¥11.4 billion. For the fiscal year ending March 2018, the online broker recorded an operating revenue of ¥24.5 billion.
Net operating revenue came in at ¥9.5 billion. As was the case with operating revenue, this is down from the second quarter of the broker’s 2018 fiscal year. Specifically, it’s 0.4 per cent less year-on-year.
The firm highlights that the lacklustre operating results for the second quarter were largely due to a temporary decline in advertisement and promotion expenses. This includes television program broadcasting. As a result, this decline should also be reflected in the final results.
Income performs better than revenues for Kabu
Income, on the other hand, is rosier for Kabu. In the second quarter of the 2019 fiscal year, operating income was ¥3.8 billion. Unlike revenue, this was actually up from the second quarter of the previous year by 31.8 per cent.
Ordinary income was also up on a yearly basis, also reaching ¥3.8 billion. This is a jump of 31.7 per cent year-on-year, as in the second quarter of the previous year the company took in ¥2.9 billion.
For the second quarter, net income was also up. However, the increase was less impressive than both income and ordinary income, hitting ¥2.7 billion. When compared to the same time period last year, which had a net income of ¥2.6 billion, this was a slight increase of 3.6 per cent.
Kabu, an online securities broker, has published its Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term of accounts data for the second quarter for the fiscal year ending March 2019. Taking a look at the results, it appears that the firm’s revenues have taken a hit.
For Kabu, the second quarter refers to the period of April 1, 2018, until September 30, 2018. The securities broker initially published its preliminary figures on Friday. Starting off with operating revenue, in the second quarter of the 2019 fiscal year, Kabu took in a value of ¥10.9 billion ($97.2 million).
This is a 4 per cent drop from the same time last year, when the company took ¥11.4 billion. For the fiscal year ending March 2018, the online broker recorded an operating revenue of ¥24.5 billion.
Net operating revenue came in at ¥9.5 billion. As was the case with operating revenue, this is down from the second quarter of the broker’s 2018 fiscal year. Specifically, it’s 0.4 per cent less year-on-year.
The firm highlights that the lacklustre operating results for the second quarter were largely due to a temporary decline in advertisement and promotion expenses. This includes television program broadcasting. As a result, this decline should also be reflected in the final results.
Income performs better than revenues for Kabu
Income, on the other hand, is rosier for Kabu. In the second quarter of the 2019 fiscal year, operating income was ¥3.8 billion. Unlike revenue, this was actually up from the second quarter of the previous year by 31.8 per cent.
Ordinary income was also up on a yearly basis, also reaching ¥3.8 billion. This is a jump of 31.7 per cent year-on-year, as in the second quarter of the previous year the company took in ¥2.9 billion.
For the second quarter, net income was also up. However, the increase was less impressive than both income and ordinary income, hitting ¥2.7 billion. When compared to the same time period last year, which had a net income of ¥2.6 billion, this was a slight increase of 3.6 per cent.