Toyo Securities Co., Ltd. (JP:8614)
:8614
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Toyo Securities Co., Ltd.
(8614)
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Rating:57Neutral
Price Target:
¥680.00
▲(5.26% Upside)
Action:ReiteratedDate:05/02/26
The score is driven mainly by mixed financial performance: strong rebound profitability but very volatile revenue and especially weak, inconsistent cash-flow conversion (including negative 2026 cash flow despite strong earnings). Technical signals are currently bearish, weighing on the near-term outlook. Valuation is a positive offset, supported by a low P/E and high dividend yield.
Positive Factors
Rebounded Profitability
A sustained rebound to high net margins (~29% in 2026) indicates the firm can operate profitably through market cycles. Durable margins support internal reinvestment, dividend capacity and buffer against periodic revenue swings, strengthening long-term earnings resilience.
Negative Factors
Weak cash conversion
Repeated negative operating and free cash flows, including 2026, show earnings do not reliably convert to cash. For a securities firm this implies working-capital swings or mark-to-market timing mismatches, raising funding risk and making dividends and capex harder to sustain without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Rebounded Profitability
A sustained rebound to high net margins (~29% in 2026) indicates the firm can operate profitably through market cycles. Durable margins support internal reinvestment, dividend capacity and buffer against periodic revenue swings, strengthening long-term earnings resilience.
Read all positive factors
Toyo Securities Co., Ltd. (8614) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥46.11B
Dividend Yield4.86%
Average Volume (3M)448.23K
Price to Earnings (P/E)9.2
Beta (1Y)0.89
Revenue Growth10.70%
EPS Growth63.03%
CountryJP
Employees646
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)38.60
Shares Outstanding73,877,570
10 Day Avg. Volume473,140
30 Day Avg. Volume448,233
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)1.51
Price to Sales (P/S)3.10
P/FCF Ratio-11.11
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
Toyo Securities Co., Ltd. Business Overview & Revenue Model
Company Description
Toyo Securities Co., Ltd. engages in the financial products brokerage business in Japan, the United States, China, and internationally. The company also provides wealth management, asset management, and investment advisory services. It operates th...
How the Company Makes Money
Toyo Securities primarily earns revenue through fees and commissions generated from providing securities-related services. Key revenue streams typically include: (1) Brokerage commissions: fees from executing customer trades in listed securities a...
Toyo Securities Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.64B | 14.98B | 11.29B | 12.02B | 8.34B | 10.86B |
| Gross Profit | 12.13B | 14.01B | 10.99B | 11.79B | 8.14B | 10.77B |
| EBITDA | 3.37B | 4.99B | 912.00M | 1.29B | -1.69B | 568.00M |
| Net Income | 2.84B | 3.94B | 2.65B | 1.30B | -2.96B | 875.00M |
Balance Sheet | ||||||
| Total Assets | 71.93B | 71.95B | 69.39B | 80.75B | 66.19B | 80.37B |
| Cash, Cash Equivalents and Short-Term Investments | 23.61B | 22.30B | 22.46B | 25.63B | 24.17B | 29.33B |
| Total Debt | 13.74B | 12.76B | 11.36B | 10.01B | 10.25B | 15.76B |
| Total Liabilities | 45.33B | 41.31B | 39.26B | 41.35B | 31.99B | 41.94B |
| Stockholders Equity | 26.60B | 30.64B | 30.12B | 39.40B | 34.20B | 38.44B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.18B | 518.00M | 2.95B | -2.89B | -6.73B |
| Operating Cash Flow | 0.00 | -3.77B | 853.00M | 3.49B | -2.58B | -4.07B |
| Investing Cash Flow | 0.00 | 2.18B | 2.29B | 1.51B | 78.00M | 70.00M |
| Financing Cash Flow | 0.00 | -2.11B | -5.46B | -2.10B | -4.65B | -495.00M |
Toyo Securities Co., Ltd. Technical Analysis
Positive
646.00
Price Trends
699.65
Negative
656.23
Positive
577.51
Positive
Market Momentum
-2.88
Negative
54.14
Neutral
65.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8614, the sentiment is Positive. The current price of 646 is below the 20-day moving average (MA) of 677.90, below the 50-day MA of 699.65, and above the 200-day MA of 577.51, indicating a neutral trend. The MACD of -2.88 indicates Negative momentum. The RSI at 54.14 is Neutral, neither overbought nor oversold. The STOCH value of 65.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8614.
Toyo Securities Co., Ltd. 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% | |
75 Outperform | ¥69.64B | 12.02 | 9.22% | 6.15% | 13.26% | 31.92% | |
70 Outperform | ¥200.00B | 4.29 | ― | 4.01% | 21.03% | 85.36% | |
68 Neutral | ¥44.71B | 16.68 | ― | 4.36% | 3.23% | -11.76% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ¥233.66B | 13.77 | 14.00% | 5.13% | 34.33% | 47.34% | |
57 Neutral | ¥46.11B | 9.21 | ― | 4.86% | 10.70% | 63.03% |
* Financial Sector Average
JP:8614
Toyo Securities Co., Ltd.
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Toyo Securities Co., Ltd. Corporate Events
Toyo Securities Profit Jumps as Revenue Climbs and Margins Improve in FY2026
Apr 28, 2026
Toyo Securities reported a strong rebound for the fiscal year ended March 31, 2026, with operating revenue rising 20.2% to ¥13.58 billion and net operating revenue up 20.1%, while operating profit surged more than fourfold and profit attribut...
Toyo Securities Posts Sharp Profit Surge on Higher Fund and Equity Commissions
Apr 14, 2026
Toyo Securities Co., Ltd., a Japan-based securities firm listed on the Tokyo Stock Exchange Prime Market, derives most of its earnings from securities-related businesses, including fund commissions, domestic and Chinese equity commissions, and sol...
Toyo Securities Keeps Year-End Dividend Forecast at ¥50 Per Share for FY2026
Mar 13, 2026
Toyo Securities has announced a forecast for its year-end dividend of surplus for the fiscal year ending March 31, 2026, following a resolution by its board of directors on March 13, 2026. The firm emphasizes shareholder returns as a core manageme...
Toyo Securities to Book Extraordinary Income From Sale of Investment Securities
Mar 13, 2026
Toyo Securities has resolved at a board meeting to sell a portion of five types of listed investment securities it holds, with the transactions scheduled to take place between May 1, 2026, and March 31, 2027. The company expects this sale to gener...
Toyo Securities Books Extraordinary Gain from Sale of Investment Securities
Mar 13, 2026
Toyo Securities has sold a portion of its holdings in two types of listed investment securities between January 30 and March 13, 2026, booking an extraordinary gain of 256 million yen. The move is aimed at strengthening the firm’s financial ...
Toyo Securities Extends Stock-Based Incentive Plan for Executives
Feb 25, 2026
Toyo Securities has resolved to continue its stock-based compensation plan for directors and executive officers residing in Japan, aiming to strengthen the link between management remuneration, business performance and share price. The program is ...
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.