Invast Securities, a retail broker, headquartered in Japan, has released its financial results for March of 2019 on Thursday. Following a disappointing performance in February, the firm has managed to almost make a full recovery during the month.
In March of 2019, operating revenue was ¥421 million ($3.76 million), up from the previous month’s low of ¥380 million by 10.7 percent. However, it is still down from the operating revenue achieved in January, which was ¥457 million.
Nonetheless, March’s result is still solid, as it is higher by 9.7 percent than the monthly average operating revenue achieved in 2018, which was ¥383.67 million. On a yearly comparison, March’s result has managed to grow by 19.9 percent year-on-year, from ¥351 million in March of 2018.
While operating revenue has increased during the month of March, the total amount of deposited margin, however, paints a different picture. In fact, on a month-on-month comparison, this value has fallen.
Deposited Margin in March Falls on Invast Securities
In the third month of the year, deposited margin came in at ¥81.98 million, which is slightly less than the deposited margin of ¥82.81 million in February of 2019 by 1 percent or ¥833,000.
Although February did have a weak month in terms of operating revenue, in contrast, it had the best month in terms of deposited margin in at least 13 months. March’s result, on the other hand, although lower than February’s is still stronger than any month of 2018 and of January of 2019.
It is also higher on a year-on-year comparison, as March of 2018 reported a total deposited margin of ¥73.64 million, the second lowest result achieved in 2018, following February. This is down by 11.3 percent.
In 2018, October and November posted the strongest results for the total amount of deposited margin on a monthly basis. However, December figuratively dropped that ball.
