Kabu Sees Weak 2019 Fiscal Year, Income & Revenues Fall YoY

Kabu, , has published its flash report which details its preliminary financial results for its fiscal year ending March 31, 2019. The report, which includes key performance indicators, shows that its most recent fiscal year was not as robust as the year before it.
The fiscal year of Kabu, which is a subsidiary of the , spans from April 1, 2018, until March 31, 2019. Taking a look at the preliminary results, the firm saw a year-on-year drop across all of its key financial performance indicators.

for the 2019 fiscal year was ¥21.2 billion ($189.5 million). When measuring this against the previous fiscal year, which achieved operating revenue of ¥24.5 billion, this represents a decline of 13.4 per cent.
However, it is important to keep in mind that the 2019 financial results are only preliminary and may be subject to change. Nonetheless, they can give us an insight into the company’s performance.
Net operating income for the 2019 fiscal year was ¥18.3 billion. Comparing this to the 2018 fiscal year that had a net operating income of ¥21 billion, this is lower by 13 per cent.
Operating income, on the other hand, was ¥5.9 billion in the fiscal year ended March 31, 2019. Again, when taking a look at the operating income achieved in the 2018 fiscal year, which was ¥7.9 billion, 2019’s result has fallen by 25.9 per cent.
Following the declining trend, recurring profit was no different. In the 2019 fiscal year, recurring profit was ¥5.9 billion, whereas in the previous fiscal year, it was almost ¥8 billion. This translates to a drop of 25.5 per cent.
Net Income Records Biggest YoY Drop for Kabu
The final financial indicator outlined in the flash report is net income, which posted the biggest year-on-year decline. Specifically, net income fell by 32.2 per cent from ¥6.3 billion in 2018 down to ¥4.3 billion in 2019.
The complete financial results for the fiscal year ended March 31, 2019, will be announced next Wednesday on the 24th of April.

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