Okasan Securities Group Inc. (JP:8609)
:8609
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Okasan Securities Group Inc.
(8609)
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Rating:70Outperform
Price Target:
¥1,026.00
▲(36.44% Upside)
Action:ReiteratedDate:04/30/26
The score is driven by strong technical trend signals and attractive valuation (low P/E and high dividend yield). These positives are tempered by uneven financial quality, especially the multi-year history of negative operating cash flow and leverage volatility despite the latest-year earnings and cash flow rebound.
Positive Factors
Revenue & Earnings Rebound
A material revenue and net income rebound through 2026 indicates the core brokerage and capital markets businesses regained traction. Durable revenue expansion improves capacity to invest in sales, technology and product distribution, supporting longer-term earnings stability if market activity remains healthy.
Negative Factors
Historic Cash Generation Weakness
Multi-year negative operating cash flow prior to 2026 signals structural earnings quality issues tied to timing of trading gains, client flows or working capital. Such patterns raise questions about the repeatability of recent cash recovery and the firm's ability to fund operations without episodic external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Earnings Rebound
A material revenue and net income rebound through 2026 indicates the core brokerage and capital markets businesses regained traction. Durable revenue expansion improves capacity to invest in sales, technology and product distribution, supporting longer-term earnings stability if market activity remains healthy.
Read all positive factors
Okasan Securities Group Inc. (8609) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥200.00B
Dividend Yield4.01%
Average Volume (3M)312.57K
Price to Earnings (P/E)4.3
Beta (1Y)1.30
Revenue Growth21.03%
EPS Growth85.36%
CountryJP
Employees3,281
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)49.89
Shares Outstanding231,217,070
10 Day Avg. Volume261,570
30 Day Avg. Volume312,566
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.71
Price to Sales (P/S)1.61
P/FCF Ratio4.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, A...
How the Company Makes Money
Okasan Securities Group Inc. makes money primarily through the earnings generated by its securities-related subsidiaries and then reflected at the holding-company level. Key revenue streams typically include: (1) Brokerage commissions: fees earned...
Okasan Securities Group Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.50B | 101.97B | 79.87B | 82.52B | 64.89B | 72.56B |
| Gross Profit | 77.50B | 91.37B | 79.87B | 82.52B | 64.89B | 72.56B |
| EBITDA | 13.50B | 31.28B | 18.98B | 20.15B | 4.71B | 16.57B |
| Net Income | 10.06B | 21.36B | 11.65B | 13.17B | 529.00M | 10.07B |
Balance Sheet | ||||||
| Total Assets | 1.37T | 1.40T | 1.38T | 1.21T | 876.06B | 816.57B |
| Cash, Cash Equivalents and Short-Term Investments | 557.58B | 604.27B | 51.50B | 514.07B | 91.71B | 90.06B |
| Total Debt | 156.55B | 136.33B | 685.80B | 166.09B | 177.05B | 165.12B |
| Total Liabilities | 1.17T | 1.17T | 1.17T | 993.63B | 690.42B | 626.71B |
| Stockholders Equity | 201.27B | 230.97B | 208.23B | 199.16B | 173.44B | 168.33B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 41.00B | -24.21B | -6.48B | -8.85B | -5.74B |
| Operating Cash Flow | 0.00 | 43.33B | -20.69B | -4.76B | -1.36B | -4.20B |
| Investing Cash Flow | 0.00 | 43.39B | 6.18B | 2.39B | 1.67B | 7.04B |
| Financing Cash Flow | 0.00 | -35.01B | -18.50B | -4.41B | 16.58B | 13.26B |
Okasan Securities Group Inc. Technical Analysis
Positive
752.00
Price Trends
865.30
Positive
799.20
Positive
722.44
Positive
Market Momentum
19.66
Negative
60.61
Neutral
65.67
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 752 is below the 20-day moving average (MA) of 865.10, below the 50-day MA of 865.30, and above the 200-day MA of 722.44, indicating a bullish trend. The MACD of 19.66 indicates Negative momentum. The RSI at 60.61 is Neutral, neither overbought nor oversold. The STOCH value of 65.67 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥85.73B | 6.96 | ― | 5.75% | 30.59% | 55.29% | |
70 Outperform | ¥200.00B | 4.29 | ― | 4.01% | 21.03% | 85.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥1.97T | 10.14 | 9.37% | 4.13% | 6.95% | 15.03% | |
65 Neutral | ¥233.66B | 13.77 | 14.00% | 5.13% | 34.33% | 47.34% | |
59 Neutral | ¥3.51T | 11.81 | 10.23% | 3.93% | 0.46% | 6.87% | |
43 Neutral | ¥167.32B | 13.27 | 7.26% | 4.16% | 9.77% | -52.42% |
* Financial Sector Average
JP:8609
Okasan Securities Group Inc.
905.00
288.36
46.76%
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1,453.00
562.10
63.09%
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668.00
4.59
0.69%
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227.42
33.37%
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Nomura Holdings
1,220.00
461.32
60.80%
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IwaiCosmo Holdings, Inc.
3,650.00
1,733.59
90.46%
Okasan Securities Group Inc. Corporate Events
Okasan Securities Group Posts Record Profit on Strong Markets and Higher Rates
Apr 28, 2026
Okasan Securities Group reported a strong improvement in results for the fiscal year ended March 31, 2026, with operating revenue rising 16.7% year on year to 95.6 billion yen and profit attributable to owners of parent jumping 83.3% to 21.4 billi...
Okasan Securities Profit Jumps as Revenue Grows and Dividend Raised
Apr 28, 2026
Okasan Securities Group reported strong results for the year ended March 31, 2026, with operating revenue rising 16.7% to ¥95.6 billion and profit attributable to owners of parent surging 83.3% to ¥21.4 billion, reflecting improved profi...
Okasan Securities Shifts to Special Dividends and Hikes Payout for FY 2026
Mar 26, 2026
Okasan Securities Group Inc. has revised its shareholder return policy, shifting from a focus on share buybacks to cash distributions through special dividends of at least 10 billion yen annually from the fiscal year ending March 2026 to the fisca...
Okasan Securities Books ¥4.0 Billion Extraordinary Gain from Cross-Shareholding Sale
Mar 11, 2026
Okasan Securities Group Inc. has booked extraordinary income of 4,043 million yen from selling part of its cross-shareholdings in a listed stock between February and March 2026. The move is intended to reduce cross-shareholdings, improve the effic...
Okasan Securities Group Posts Strong Nine-Month Earnings and Strengthens Balance Sheet
Feb 6, 2026
Okasan Securities Group reported solid growth for the nine months ended December 31, 2025, with operating revenue rising 11.4% year-on-year to ¥69.3 billion and net operating revenue up 9.5% to ¥66.7 billion. Operating profit climbed 25....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.