Invast parent INV Inc posts record quarterly revenues of $13.5M
INV Inc (TYO:7338), the Japanese parent company of Australia based FX/CFD broker Invast Global, has reported record quarterly results on both the top and bottom line for fiscal Q3-2022. INV has a March 31 fiscal year end.
Revenue at INV for the October-thru-December 2021 calendar quarter came in at ¥1,553 million (USD $13.5 million), better than the ¥1,349 million it brought in during the Jan-Mar 2020 quarter (at the beginning of the COVID-19 pandemic) and up 32% from ¥1,177 in the previous quarter. Net income at INV for the quarter was ¥261 million (USD $2.3 million), up 68% from Q2’s ¥155 million.
INV Inc, listed on the Tokyo Exchange, has a market capitalization of ¥5.34 billion (USD $46 million). The company operates Japanese online brokerage Invast Securities at website invast.jp, and ASIC licensed, Australia based Institutional FX prime broker Invast Global at website invast.com.au. The group also has a small Japanese asset management arm, Invast Capital Management Co.