Okasan Securities Group Inc. (8609) AI Stock Analysis

• Market Cap: ¥150.94B
• Dividend Yield: 4.38%
• Average Volume (3M): 356.14K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 1.17
• Revenue Growth: -2.66%
• EPS Growth: -10.44%
• Country: JP
• Employees: 3,281
• Sector: Financial
• Sector Strength: 83
• Industry: Financial - Capital Markets
• EPS (TTM): 57.58
• Shares Outstanding: 231,217,070
• 10 Day Avg. Volume: 292,810
• 30 Day Avg. Volume: 356,136
• PEG Ratio: -1.25
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 77 Outperform
• Price Target: ―

Okasan Securities Group Inc. exhibits strong financial health with effective cost management and operational efficiency. Despite fluctuating revenues, the company maintains a solid equity structure and improving cash flows. Technical indicators show positive market momentum, complementing a reasonable valuation with a favorable P/E ratio and dividend yield. These factors contribute to a robust overall stock score.

Okasan Securities Group Inc. Business Overview & Revenue Model

Company Description

Okasan Securities Group Inc., a securities company, provides securities investment and asset management services for individual, institutional, and corporate clients in Japan and internationally. The company operates through Securities Business, Asset Management Business, and Support Business segments. Its services include trading in securities; brokerage for trading in securities; and underwriting, distribution, public offering, secondary distribution, and private offering of securities, as well as asset management consulting, online trading services, and corporate services, including support services for IPOs, IR, and M&A proposing and business matching. The company also provides investment management and investment advisory services; sets up and manages investment trusts; and administers and manages investment partnerships. In addition, it engages in developing and implementing operational systems; information processing services; custodianship and temping services; delivering system infrastructures; and offers administrative and other support services, including back-office operations, data entry, forms preparation, and shipping services, as well as property management and other services. The company was formerly known as Okasan Holdings, Inc. and changed its name to Okasan Securities Group Inc. in October 2008. Okasan Securities Group Inc. was founded in 1923 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Okasan Securities Group Inc. generates revenue primarily through brokerage commissions, trading gains, and fees from asset management services. The company earns brokerage commissions by facilitating the buying and selling of securities on behalf of its clients. Trading gains are realized from proprietary trading activities in various financial instruments. Additionally, the company manages assets for clients, earning management and performance fees. Significant partnerships with financial institutions and a strong presence in the Japanese securities market also contribute to its earnings, allowing it to offer competitive and diverse financial products.

Okasan Securities Group Inc. Financial Statement Overview

Summary

Okasan Securities Group Inc. demonstrates strong financial health with stable profitability, robust equity structure, and improving cash flows. While revenue growth has been inconsistent, efficient cost management and operational effectiveness are evident. The company is well-positioned for future growth, albeit with a need to stabilize revenue streams.

Income Statement

The company shows a fluctuating revenue pattern with recent declines. Gross profit margins are strong, indicating efficient cost management. However, the net profit margin has been inconsistent, showing a decline in the most recent period. EBIT and EBITDA margins remain healthy, reflecting strong operational efficiency.

Balance Sheet

The balance sheet indicates solid equity with a low debt-to-equity ratio, suggesting financial stability. The equity ratio is strong, pointing to a robust capital structure. Return on equity has been stable, showcasing the company's ability to generate profits from its equity base.

Cash Flow

The cash flow statement reveals significant improvements in free cash flow, indicating enhanced liquidity. The operating cash flow to net income ratio suggests solid cash generation capability. The negative investing cash flow reflects continued investment in growth opportunities.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
85.72B	84.25B	85.83B	66.23B	83.86B	67.19B
	Gross Profit
81.95B	79.00B	85.83B	61.88B	79.73B	62.85B
	EBIT
16.67B	15.05B	17.49B	278.00M	11.38B	4.67B
	EBITDA
16.91B	18.22B	17.49B	0.00	17.50B	8.06B
	Net Income Common Stockholders
12.90B	11.65B	13.17B	529.00M	10.07B	6.02B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
79.42B	523.08B	82.59B	88.46B	86.95B	69.01B
	Total Assets
1.33T	1.38T	1.21T	876.06B	816.57B	783.44B
	Total Debt
5.94B	162.99B	139.49B	271.91B	248.47B	184.27B
	Net Debt
-73.48B	-360.10B	-85.68B	180.21B	158.41B	113.20B
	Total Liabilities
1.12T	1.17T	993.63B	10.00B	626.71B	593.14B
	Stockholders Equity
207.31B	208.23B	199.16B	173.44B	168.33B	168.35B
Cash Flow		Free Cash Flow
0.00	132.43B	-6.32B	-8.85B	-5.74B	-42.99B
	Operating Cash Flow
0.00	133.82B	-4.76B	-1.36B	-4.20B	-40.94B
	Investing Cash Flow
0.00	-151.20B	2.39B	1.67B	7.04B	-3.72B
	Financing Cash Flow
0.00	-18.50B	-4.41B	16.58B	13.26B	42.60B

Okasan Securities Group Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 684.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8609, the sentiment is Positive. The current price of 684 is above the 20-day moving average (MA) of 676.15, above the 50-day MA of 651.42, and above the 200-day MA of 620.78, indicating a bullish trend. The MACD of 10.49 indicates Positive momentum. The RSI at 58.14 is Neutral, neither overbought nor oversold. The STOCH value of 58.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8609.

Okasan Securities Group Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8609	77 Outperform	¥150.94B	11.85		4.38%	-2.66%	-10.44%
Sector *	64 Neutral	$12.85B	9.81	7.59%	16985.65%	12.30%	-7.71%
MNXBF		$1.22B	9.85	-4.56%	4.12%	―	―
MTW		€1.08B	16.45	13.61%	6.01%	―	―
9KC		€354.64M	14.83	7.44%	7.12%	―	―
8707	74 Outperform	¥49.47B	7.36		6.88%	6.95%	21.10%
8708	67 Neutral	¥39.67B	12.75		7.52%	5.78%	26.02%

Okasan Securities Group Inc. Corporate Events

Okasan Securities Group Inc. Announces Treasury Share Purchase

Okasan Securities Group Inc. announced the purchase of 1,409,300 treasury shares for 943,424,000 yen through market purchases on the Tokyo Stock Exchange. This move is part of a broader plan approved by the Board of Directors to buy back up to 2,500,000 shares, aiming to enhance shareholder value and optimize capital structure.

Okasan Securities Group Announces Stable Dividends for FY 2025

Okasan Securities Group Inc. announced a resolution for dividends from retained earnings, maintaining a dividend of 30 yen per share for the fiscal year ending March 2025. The company aims to balance growth and shareholder returns, with a total shareholder return ratio target of over 50%, and implemented a purchase of treasury shares worth 1,284 million yen this fiscal year.

Okasan Securities Reports Decline in Fiscal Year 2025 Financial Results

Okasan Securities Group Inc. reported a decline in its financial performance for the fiscal year ending March 31, 2025, with significant decreases in operating revenue, net operating revenue, and profit attributable to owners of the parent compared to the previous year. The company’s financial results reflect the challenges faced in the market, impacting its profitability and cash flows, with notable decreases in cash and cash equivalents. Despite these setbacks, the company maintained its dividend payout, signaling a commitment to shareholder returns.

Okasan Securities Group Announces Treasury Share Buyback Plan

Okasan Securities Group Inc. announced a decision to purchase up to 2.5 million of its own shares, representing 1.24% of its total shares, as part of a strategic financial maneuver to maintain a flexible capital policy. This move, involving a maximum expenditure of 1.5 billion yen, is intended to respond to the evolving management environment and to enhance shareholder returns, with the purchase period set from May 1 to June 30, 2025, through market purchases on the Tokyo Stock Exchange.