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Japan Securities Finance Co
(8511)
Japan Securities Finance Co (8511) vs. iShares MSCI Japan ETF (EWJ)
Japan Securities Finance Co Business Overview & Revenue Model
Japan Securities Finance Co Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.62B | 51.42B | 31.52B | 29.50B | 21.20B | 18.74B |
| Gross Profit | 51.20B | 24.23B | 21.55B | 22.46B | 16.84B | 15.11B |
| EBITDA | 53.86B | 14.82B | 11.67B | 8.96B | 8.34B | 6.96B |
| Net Income | 9.36B | 10.38B | 8.03B | 5.97B | 5.17B | 3.97B |
Balance Sheet | ||||||
| Total Assets | 15.06T | 13.77T | 13.74T | 14.06T | 14.17T | 12.14T |
| Cash, Cash Equivalents and Short-Term Investments | 6.04T | 5.85T | 1.98T | 1.67T | 1.41T | 1.42T |
| Total Debt | 12.37T | 10.97T | 3.75T | 8.62T | 9.17T | 7.80T |
| Total Liabilities | 14.93T | 13.64T | 13.60T | 13.92T | 14.03T | 12.00T |
| Stockholders Equity | 131.80B | 134.35B | 144.61B | 135.73B | 138.00B | 135.17B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -517.57B | 383.27B | 302.91B | -123.10B | 163.87B |
| Operating Cash Flow | 0.00 | -517.48B | 383.41B | 303.55B | -122.30B | 164.46B |
| Investing Cash Flow | 0.00 | 1.75B | 4.58B | 3.45B | 4.91B | 2.23B |
| Financing Cash Flow | 0.00 | -672.60B | -6.62B | -5.79B | -5.09B | -2.03B |
Japan Securities Finance Co Technical Analysis
Japan Securities Finance Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥5.99T | 13.31 | 10.32% | 3.30% | 6.21% | 11.62% | |
73 Outperform | ¥442.48B | 13.51 | 14.42% | 4.80% | 10.39% | 12.77% | |
72 Outperform | ¥429.28B | 9.12 | ― | 3.65% | 21.22% | -2.77% | |
72 Outperform | ¥189.39B | 20.14 | 6.77% | 3.66% | 54.96% | -0.61% | |
72 Outperform | ¥2.17T | 11.87 | 8.92% | 3.20% | 3.42% | 22.06% | |
70 Outperform | ¥197.59B | 14.77 | ― | 3.30% | 7.36% | -3.80% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
Japan Securities Finance Co Corporate Events
Japan Securities Finance Co., Ltd. has revised its dividend forecast for the fiscal year ending March 31, 2026, following an upward revision to its consolidated full-year earnings outlook. The company now plans a year-end dividend of ¥46 per share, raising the forecast annual dividend to ¥86 per share, compared with the previously projected ¥80.
The move aligns with JSF’s shareholder return policy, which targets a cumulative total payout ratio of 100% from fiscal 2023 to 2025 via dividends and share buybacks, and a proactive dividend payout ratio of 70%. This increase signals confidence in earnings strength and underscores the company’s commitment to returning surplus profits to shareholders, potentially enhancing its appeal to income-focused investors.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2245.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance has announced a slate of director candidates to be voted on at its 116th Ordinary General Meeting of Shareholders scheduled for late June 2026, following deliberations by its Nominating Committee based on a board skills matrix and governance effectiveness. The lineup maintains a strong presence of outside directors and introduces new outside members with expertise in accounting, law and financial control, while also formalizing a leadership transition under which President Shigeki Kushida will become Chairperson and Senior Managing Executive Officer Morikuni Shimoyamada will assume the role of Representative Executive Officer and CEO on April 1, 2026, underscoring a focus on robust oversight and execution of the company’s 8th Medium-term Management Plan.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2245.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance has expanded its ongoing share repurchase limit after upgrading its consolidated full-year earnings forecast for the fiscal year ending March 31, 2026. The board approved an increase in the maximum buyback to 2 million shares, or about 2.4% of shares outstanding excluding treasury stock, and lifted the total repurchase ceiling to ¥3.4 billion, while keeping the period from May 16, 2025 to March 31, 2026 unchanged.
The move reinforces JSF’s shareholder return policy, which targets a 100% total payout ratio over fiscal 2023–2025 through dividends and flexible buybacks, including a proactive 70% dividend payout target. As of January 31, 2026, the company had already repurchased about 1.35 million shares for roughly ¥2.5 billion, and held 6.03 million treasury shares against 81.97 million shares outstanding, underscoring a continued focus on capital efficiency and returns to investors.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2245.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance has raised its consolidated full-year forecast for the fiscal year ending March 31, 2026, reflecting stronger-than-expected performance in its core securities financing business. The company now projects operating profit of ¥13.9 billion, ordinary profit of ¥14.9 billion and profit attributable to owners of parent of ¥10.5 billion, lifting expected earnings per share to ¥128.31.
The upward revision represents double-digit percentage increases versus the previous forecast, underpinned by robust demand for loans for margin transactions amid a strong stock market and rising interest rates. The improved outlook signals a healthier profit environment for JSF’s securities finance operations and suggests that market conditions are providing a favorable backdrop for its role in facilitating leveraged equity trading and liquidity provision.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2245.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance reported consolidated operating revenues of ¥79.15 billion for the third quarter of fiscal 2025, nearly doubling year on year, with operating and ordinary profits rising around 10%. Profit attributable to owners of the parent declined 8.1% to ¥8.12 billion, while comprehensive income surged, and total assets expanded to ¥15.9 trillion, reflecting balance sheet growth despite a slight dip in the shareholders’ equity ratio.
The company revised its dividend and earnings outlook for fiscal 2025, trimming the interim dividend to ¥40 per share but forecasting a higher year-end dividend of ¥46, for a full-year total of ¥86. It also raised its full-year profit forecasts, projecting operating profit of ¥13.9 billion and ordinary profit of ¥14.9 billion, signaling confidence in earnings momentum even as per-share income is influenced by increased treasury stock holdings and a modest year-on-year profit growth rate.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2245.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance Co., Ltd. has disclosed the latest progress of its ongoing share buyback program authorized under Japan’s Companies Act, as part of its capital management strategy. The company repurchased 145,100 of its own shares on the Tokyo Stock Exchange between January 1 and January 31, 2026, at a total cost of ¥308.7 million, bringing cumulative purchases under the May 15, 2025 board authorization to 1,351,900 shares for ¥2.51 billion. This leaves room under the approved ceiling of up to 1.7 million shares and ¥2.8 billion through March 31, 2026, indicating JSF is close to completing the buyback, which is likely aimed at enhancing capital efficiency and shareholder value.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2158.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance Co., Ltd. has announced a leadership reshuffle effective April 1, 2026, appointing Senior Managing Executive Officers Morikuni Shimoyamada and Yutaka Okada as Representative Executive Officer & CEO and Representative Executive Officer & Co-CEO, respectively, while current Representative Executive Officer & President Shigeki Kushida will become Director & Chairperson. The appointments, decided by the Board after a formal nominating and succession process tied to the 8th Mid-Term Management Plan starting in FY2026, signal a planned transition aimed at strengthening management structure and corporate value in line with the company’s public role in Japan’s financial markets; details on director candidates for the June 2026 shareholders’ meeting will be disclosed separately.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen2230.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance has disclosed the latest status of its ongoing share repurchase program, confirming that it bought back 140,000 of its own common shares on the Tokyo Stock Exchange between December 1 and December 31, 2025, for a total of ¥275.6 million. This buyback forms part of a broader board-approved program, authorized in May 2025, allowing repurchases of up to 1.7 million shares or ¥2.8 billion by March 31, 2026; as of December 31, 2025, the company has cumulatively repurchased 1,206,800 shares for about ¥2.20 billion, signaling continued capital return to shareholders and active balance sheet management within its authorized limits.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen1931.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance Co., Ltd. announced its decision to cancel 5,000,000 shares of its treasury stock, equivalent to 5.7% of the total outstanding shares before the cancellation. This move, set to be completed by February 20, 2026, reduces the company’s total outstanding shares to 83,000,000 and reflects efforts to enhance shareholder value and optimize capital management.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen1931.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.
Japan Securities Finance Co., Ltd. announced the status of its share repurchase program, revealing that it has repurchased 159,300 shares at a total price of 291,094,200 yen between November 1 and November 30, 2025. This repurchase is part of a broader initiative approved by the Board of Directors to buy back up to 1,700,000 shares by March 31, 2026, aiming to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (JP:8511) stock is a Hold with a Yen1931.00 price target. To see the full list of analyst forecasts on Japan Securities Finance Co stock, see the JP:8511 Stock Forecast page.