Ichiyoshi Securities Co (8624) AI Stock Analysis

• Market Cap: €25.00B
• Dividend Yield: 4.3%
• Average Volume (3M): 110.63K
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.98
• Revenue Growth: -0.38%
• EPS Growth: -18.03%
• Country: JP
• Employees: 957
• Sector: Financial
• Sector Strength: 81
• Industry: Asset Management
• EPS (TTM): 5.59
• Shares Outstanding: 37,931,385
• 10 Day Avg. Volume: 90,680
• 30 Day Avg. Volume: 110,626
• PEG Ratio: -0.40
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.84
• 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: 72 Outperform
• Price Target: ¥869.00 ▲(9.86%Upside)

The overall stock score reflects a balance between strong financial health and attractive valuation against challenges in revenue growth and cash flow management. While technical indicators are mixed, the stock's reasonable P/E ratio and high dividend yield enhance its appeal. Continued focus on improving cash flow and profitability would further strengthen the company's position.

Ichiyoshi Securities Co Business Overview & Revenue Model

Company Description

Ichiyoshi Securities Co., Ltd. operates in the securities industry in Japan. The company conducts research and gathers information on stocks of small- and medium-sized growth companies. It also provides discretionary investment and advisory services for institutional investors and trusts. In addition, the company is involved in the real estate renting, broking, and management services; sale of office supplies and goods; and insurance agency activities. Ichiyoshi Securities Co., Ltd. was founded in 1944 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Ichiyoshi Securities Co., Ltd. generates revenue through various streams within the securities industry. The primary source of income is its brokerage services, where the company earns commissions from buying and selling securities on behalf of its clients. Additionally, the company makes money through underwriting and distribution services, earning fees for helping companies issue new stocks and bonds. Asset management services also contribute to their earnings, where they charge management fees based on the assets under management. Ichiyoshi's business is further supported by its strong research capabilities, which help attract and retain clients seeking informed investment decisions.

Ichiyoshi Securities Co Financial Statement Overview

Summary

Ichiyoshi Securities Co. demonstrates strong margins and a stable balance sheet, but faces challenges in revenue growth and cash flow stability. The company's low leverage and high equity position provide a solid foundation, though declining profitability and cash flow volatility signal areas for improvement.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	19.80B	18.81B	18.84B	16.66B	19.59B	19.74B
Gross Profit	19.28B	18.30B	18.80B	16.62B	19.55B	18.20B
EBITDA	3.14B	2.76B	3.36B	1.65B	3.93B	1.88B
Net Income	2.21B	1.56B	1.93B	758.00M	2.53B	1.00B
Balance Sheet
Total Assets	0.00	41.90B	46.65B	42.67B	47.94B	49.21B
Cash, Cash Equivalents and Short-Term Investments	0.00	15.40B	18.30B	16.19B	17.74B	17.31B
Total Debt	0.00	2.28B	361.00M	628.00M	592.00M	491.00M
Total Liabilities	0.00	14.44B	17.64B	14.85B	17.87B	20.10B
Stockholders Equity	29.48B	27.46B	29.01B	27.82B	30.06B	29.11B
Cash Flow
Free Cash Flow	0.00	-573.00M	3.09B	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: 791.00
• 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 791 is above the 20-day moving average (MA) of 790.30, above the 50-day MA of 778.38, and above the 200-day MA of 787.89, indicating a bullish trend. The MACD of 5.51 indicates Negative momentum. The RSI at 52.47 is Neutral, neither overbought nor oversold. The STOCH value of 62.74 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
8624	72 Outperform	€25.00B	16.79	5.46%	4.30%	-0.38%	-18.03%
Sector *	58 Neutral	$12.53B	5.19	-2.71%	5.24%	5.88%	-56.03%
JAF		€777.72M	13.25	6.83%	4.61%	―	―
SRXXF		$317.84M	12.01	15.96%	4.36%	―	―
TO91		€722.41M	10.62	6.04%	6.49%	―	―
JAN		€29.21M	10.66	6.36%	―	―	―
7347	68 Neutral	¥14.93B	30.53		2.86%	-4.73%	-51.89%

Ichiyoshi Securities Co Corporate Events

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.

Ichiyoshi Securities Reports Decline in Comprehensive Income for FY 2025

Ichiyoshi Securities Co., Ltd. reported a decrease in comprehensive income for the fiscal year ended March 31, 2025, with a 36.8% decline compared to the previous year. Despite the drop in income, the company maintains a stable financial condition with a slight decrease in shareholders’ equity. The company does not provide earnings or dividend forecasts due to market volatility but plans to release preliminary earnings figures after each quarterly and annual term.

Ichiyoshi Securities Reports Decline in Fiscal 2024 Earnings

Ichiyoshi Securities Co., Ltd. reported a slight decrease in operating revenue for fiscal 2024 compared to the previous year, with notable declines in operating profit, current profit, and net income. The company attributes these declines to reduced brokerage commissions on stocks and beneficiary certificates-offering fees, despite progress in its transformation to a stock-type business model, which saw increases in fund-wrap accounts and investment trusts.