Preliminary Q3 Results for Kabu Show Sluggish Fiscal 2019

Kabu, , has published its third-quarter preliminary earnings report for its fiscal year ending March 31, 2019. Looking at the numbers the first three quarters of fiscal 2019 have not measured up to 2018.
When Kabu publishes its third-quarter results, the broker actually publishes the results up until the end of the third quarter, which is the first nine months of its fiscal year, in this case. For Kabu, this is from April 1, 2018, until December 31, 2018.

For the first nine months of fiscal 2019, Kabu achieved an operating revenue of ¥16.8 billion ($153.2 million). When compared to the same time period of the previous year, which reported an operating revenue of ¥18.1 billion, it has actually fallen by 7.7 per cent.
Net operating revenue for the first nine months of fiscal 2019 showed a similar scene, coming in at ¥14.4 billion. This too is down by 4.7 per cent year-on-year, as the prior year period had a net operating revenue of ¥15.1 billion.
Operating income, however, managed to increase on a yearly basis. Specifically, it climbed by around 1.9 per cent from ¥5.5 billion in the first nine months of fiscal 2018 to reach ¥5.6 billion in the current period.
Ordinary income for the first nine months of fiscal 2019 was also up by 1.8 per cent when measured against the same time period in the previous year. This saw ordinary income reach ¥5.7 billion in fiscal 2019.
Net income, however, reflected the declining trend, falling by around 13.8 per cent year-on-year from ¥4.6 billion in the nine-month period of fiscal 2018, down to ¥3.98 billion in fiscal 2019.
Can Kabu close fiscal 2019 above 2018?
Overall, the 2018 fiscal year ended with an operating revenue of ¥24.5 billion. Therefore, in order for fiscal 2019 to be at least even with the previous year, it needs to generate an operating revenue of ¥7.7 billion in the final quarter of the .
This means the final quarter would have to be exceptionally strong for the broker, as so far this year, it has averaged an operating revenue of around ¥5.6 billion per quarter.