Ichiyoshi Securities Co (8624) AI Stock Analysis

• Market Cap: €27.50B
• Dividend Yield: 3.89%
• Average Volume (3M): 97.04K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 1.01
• Revenue Growth: -4.32%
• EPS Growth: -39.61%
• Country: JP
• Employees: 957
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 7.10
• Shares Outstanding: 37,931,385
• 10 Day Avg. Volume: 140,470
• 30 Day Avg. Volume: 97,036
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €856.64
• Price Target Upside: -2.10% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: ¥851.00 ▼(-2.74% Downside)

Ichiyoshi Securities Co. has a solid financial foundation with strong margins and a stable balance sheet, but faces challenges in revenue growth and cash flow management. Technical indicators suggest bearish momentum, and while the stock's valuation appears high, the attractive dividend yield provides some compensation. The absence of recent earnings call data and corporate events limits additional insights.

Ichiyoshi Securities Co Business Overview & Revenue Model

Company Description

Ichiyoshi Securities Co., Ltd. is a Japan-based company that primarily operates in the financial services sector. The company provides a wide range of services including brokerage, underwriting, and distribution of securities products such as stocks, bonds, and investment trusts. It caters to both individual and institutional investors, offering personalized financial advice and asset management solutions. Ichiyoshi Securities is known for its strong research capabilities and focus on delivering customer-oriented services.

How the Company Makes Money

Ichiyoshi Securities Co. generates revenue through various streams primarily tied to its financial services offerings. The core revenue model includes commissions from brokerage services where the company facilitates buying and selling of securities on behalf of clients, earning a fee per transaction. Additionally, the company earns underwriting fees from assisting corporations in raising capital through the issuance of stocks and bonds. Distribution fees from selling investment trusts and other financial products also contribute to its earnings. The firm's revenue is further supplemented by advisory fees from providing asset management and financial consultancy services. Ichiyoshi Securities' strong research division supports its operations by providing market insights that enhance client investment strategies, thereby driving more business.

Ichiyoshi Securities Co Financial Statement Overview

Summary

Ichiyoshi Securities Co. demonstrates strong gross profit margins and a stable balance sheet with low leverage. However, challenges include flat revenue growth, declining net profit margins, and cash flow volatility, indicating areas for improvement in profitability and liquidity management.

Income Statement

Ichiyoshi Securities Co. showed strong gross profit margins consistently above 95%, indicating effective cost management. However, revenue has been relatively flat with a slight downward trend, experiencing negative growth of -0.13% in the latest year. The net profit margin decreased from 10.24% to 8.31%, showing a decline in profitability. Despite this, the company maintains healthy EBIT and EBITDA margins, enhancing operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.08, reflecting minimal financial leverage and reduced risk of insolvency. The equity ratio is robust at 65.54%, indicating a solid capital structure. Return on Equity decreased from 6.65% to 5.70%, suggesting reduced profitability for shareholders, but overall, the balance sheet remains stable and resilient.

Cash Flow

Cash flows exhibit volatility, with operating cash flow turning negative in the latest year. The free cash flow to net income ratio turned negative due to negative free cash flow, highlighting potential liquidity concerns. Historically, the company generated strong free cash flow, but recent trends indicate a need for improved cash management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.79B	18.81B	18.84B	16.66B	19.59B	19.74B
Gross Profit	18.31B	18.30B	18.80B	16.62B	19.55B	18.20B
EBITDA	2.76B	2.76B	3.36B	1.65B	3.93B	1.88B
Net Income	1.56B	1.56B	1.93B	758.00M	2.53B	1.00B
Balance Sheet
Total Assets	41.90B	41.90B	46.65B	42.67B	47.94B	49.21B
Cash, Cash Equivalents and Short-Term Investments	15.40B	15.40B	21.87B	16.19B	17.74B	17.31B
Total Debt	2.28B	2.28B	361.00M	628.00M	592.00M	491.00M
Total Liabilities	14.44B	14.44B	17.64B	14.85B	17.87B	20.10B
Stockholders Equity	27.46B	27.46B	29.01B	27.82B	30.06B	29.11B
Cash Flow
Free Cash Flow	0.00	-573.00M	3.40B	1.32B	1.65B	4.42B
Operating Cash Flow	0.00	-524.00M	3.79B	1.61B	2.09B	4.86B
Investing Cash Flow	0.00	-296.00M	-524.00M	-320.00M	-169.00M	-44.00M
Financing Cash Flow	0.00	-3.04B	-1.14B	-2.82B	-1.38B	-1.12B

Ichiyoshi Securities Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 875.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8624, the sentiment is Positive. The current price of 875 is above the 20-day moving average (MA) of 827.40, above the 50-day MA of 804.56, and above the 200-day MA of 810.24, indicating a bullish trend. The MACD of 18.15 indicates Negative momentum. The RSI at 67.55 is Neutral, neither overbought nor oversold. The STOCH value of 70.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8624.

Ichiyoshi Securities Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8739	80 Outperform	51.12B	11.06	15.67%	4.17%	8.14%	2.74%
8595	71 Outperform	144.25B	13.63	6.79%	3.32%	28.14%	35.58%
8624	69 Neutral	€27.50B	23.87	4.48%	3.89%	-4.32%	-39.61%
8616	69 Neutral	152.49B	18.84	6.07%	4.56%	-7.85%	-29.42%
7347	68 Neutral	16.51B	237.04	2.89%	2.59%	11.20%	-93.41%
8518	48 Neutral	5.11B	66.62	―	―	7.47%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Ichiyoshi Securities Co Corporate Events

Ichiyoshi Securities Reports Significant Decline in Q1 2025 Income

Ichiyoshi Securities Co., Ltd. reported a significant decline in comprehensive income for the first quarter of fiscal 2025, with a decrease of 63.8% compared to the previous year. The company did not provide earnings or dividend forecasts due to market volatility, impacting its ability to predict future financial performance.

Ichiyoshi Securities Reports Decline in Q1 2025 Earnings Amid Market Volatility

Ichiyoshi Securities Co., Ltd. reported a decline in its preliminary consolidated earnings for the first quarter of fiscal 2025 compared to the same period in the previous year. The decrease in operating revenue, operating profit, current profit, and net income is attributed to reduced fees and commissions despite progress in their business model transformation. This downturn reflects the volatile nature of the financial instruments-trading market and impacts stakeholders by highlighting the challenges in maintaining revenue growth amidst market fluctuations.

Ichiyoshi Securities to Receive Dividends from Subsidiary

Ichiyoshi Securities Co., Ltd. announced that its subsidiary, Ichiyoshi Asset Management Co., Ltd., plans to pay dividends amounting to 1,140 million yen, pending shareholder approval. This dividend will be recorded as non-operating income in the company’s non-consolidated financial statements for the fiscal year ending March 31, 2026, without affecting the consolidated business results.

Ichiyoshi Securities Proposes Stock Options to Boost Growth

Ichiyoshi Securities Co., Ltd. announced that its Board of Directors has resolved to propose the authorization of terms and conditions for issuing share warrants as stock options at the upcoming general shareholders meeting. This initiative aims to boost morale and attract talent by offering stock options to directors and employees, potentially enhancing the company’s business performance and supporting its growth strategy.

Ichiyoshi Securities Announces Final Dividend for FY 2025

Ichiyoshi Securities Co., Ltd. announced a final dividend of 17 yen per share for the fiscal year ended March 31, 2025, maintaining the same amount as the previous year. The dividend is based on a dividend on equity (DOE) of approximately 2%, with the total amount of dividends reaching 540 million yen, reflecting the company’s commitment to shareholder returns.