Invast Securities Japan has released its revenues and deposited margin report for the month of April 2017, which revealed a continuation of the steady decrease seen in March of this year and the overall trend in the reports made during 2016. The financial situation of the firm has now been extending over the course of two years.
In April, revenues depleted to about $2.45 million (¥278 million) from $2.78 million (¥326 million), down 14.7 percent month-on-month. In comparison to the drop from February to , this last decline is nearly double the loss. Year-on-year, the weakening revenues come in at -12.9 percent based on the shared results of April 2016.
Further Decrease of Deposited Margin
The document further shared the deposited margin, which rose month-on-month. The reported figures for April show $609.2 million (¥69,177 billion), compared with $632.9 (¥69,098 billion) in March. Two months earlier, February featured $654.0 million (¥71.25 billion). A year-on-year comparison shows that April 2016 reportedly came with $617.0 million (¥70,058 billion). When Finance Magnates covered the latter document, the drop was .
Last week, Finance Magnates further covered the full year report of Invast Securities, in which it was stated that the company’s “for the second consecutive year”. The loss was estimated as $1.03 million (¥118.0 million) in 2017, whereas in 2016 there was a reported decrease of $3.5 million (¥404.0 million). Invast Securities’ last profitable figure was in 2015, and so we can expect reasonably this trend to continue.
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