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Ichiyoshi Securities Co
(8624)
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Rating:75Outperform
Price Target:
¥1,709.00
▲(54.10% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by solid financial positioning (strong balance sheet and improved recent profitability) and attractive valuation (low P/E and high dividend yield). Technicals are supportive with price above key longer-term averages and neutral momentum indicators. The main offset is uneven cash-flow conversion and year-to-year earnings volatility.
Positive Factors
Conservative balance sheet
Low leverage and a sizable equity base provide durable financial flexibility for a broker-dealer. This supports underwriting commitments, market-making capital needs and absorbs trading losses in stress periods, preserving strategic optionality and dividend/capital return capacity over cycles.
Negative Factors
Inconsistent cash generation
Volatile operating and free cash flow undermines predictability of internal funding for dividends, buybacks or capital for underwriting. Working-capital swings and episodic negative cash flow weaken confidence in sustained cash conversion, raising refinancing or liquidity risks in tougher markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a sizable equity base provide durable financial flexibility for a broker-dealer. This supports underwriting commitments, market-making capital needs and absorbs trading losses in stress periods, preserving strategic optionality and dividend/capital return capacity over cycles.
Read all positive factors
Ichiyoshi Securities Co (8624) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥49.33B
Dividend Yield5.7%
Average Volume (3M)110.12K
Price to Earnings (P/E)8.6
Beta (1Y)1.11
Revenue Growth49.56%
EPS Growth400.07%
CountryJP
Employees1,014
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)137.45
Shares Outstanding37,931,385
10 Day Avg. Volume77,060
30 Day Avg. Volume110,120
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.49
Price to Sales (P/S)1.88
P/FCF Ratio8.65
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
Ichiyoshi Securities Co Business Overview & Revenue Model
Company Description
Ichiyoshi Securities Co., Ltd. is a Japanese financial institution primarily engaged in the securities sector. The firm specializes in providing in-depth research and analysis focused on the equities of small and medium-sized growth companies. Add...
How the Company Makes Money
Ichiyoshi Securities primarily earns revenue through securities-business fee and trading-related income streams typical of a Japanese broker-dealer. Key sources include: (1) Brokerage commissions: fees generated when clients buy or sell securities...
Ichiyoshi Securities Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.58B | 18.81B | 18.84B | 16.66B | 19.59B |
| Gross Profit | 24.50B | 18.30B | 18.80B | 16.62B | 19.55B |
| EBITDA | 6.63B | 2.76B | 3.32B | 1.65B | 3.87B |
| Net Income | 4.39B | 1.56B | 1.93B | 758.00M | 2.53B |
Balance Sheet | |||||
| Total Assets | 54.96B | 41.90B | 46.65B | 42.67B | 47.94B |
| Cash, Cash Equivalents and Short-Term Investments | 18.21B | 16.23B | 21.87B | 16.19B | 17.74B |
| Total Debt | 332.00M | 2.29B | 361.00M | 628.00M | 592.00M |
| Total Liabilities | 24.11B | 14.44B | 17.64B | 14.85B | 17.87B |
| Stockholders Equity | 31.00B | 27.46B | 29.01B | 27.82B | 30.06B |
Cash Flow | |||||
| Free Cash Flow | 5.34B | -573.00M | 3.40B | 1.32B | 1.65B |
| Operating Cash Flow | 5.38B | -524.00M | 3.79B | 1.61B | 2.09B |
| Investing Cash Flow | -2.24B | -296.00M | -524.00M | -320.00M | -169.00M |
| Financing Cash Flow | -1.32B | -3.04B | -1.14B | -2.82B | -1.38B |
Ichiyoshi Securities Co Technical Analysis
Positive
1109.00
Price Trends
1428.06
Positive
1405.98
Positive
1229.81
Positive
Market Momentum
32.79
Positive
56.93
Neutral
74.85
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 1109 is below the 20-day moving average (MA) of 1537.40, below the 50-day MA of 1428.06, and below the 200-day MA of 1229.81, indicating a bullish trend. The MACD of 32.79 indicates Positive momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of 74.85 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥77.48B | 12.78 | 17.76% | 4.04% | 23.07% | 33.26% | |
76 Outperform | ¥204.15B | 8.83 | 8.89% | 5.60% | 33.52% | 186.49% | |
75 Outperform | ¥49.33B | 8.57 | 20.32% | 4.42% | 49.56% | 400.07% | |
73 Outperform | ¥1.99T | 3.97 | 26.86% | 2.63% | 23.11% | 103.05% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ¥17.63B | 4.45 | ― | 2.86% | 35.31% | 171.16% | |
50 Neutral | ¥26.25B | -13.63 | ― | ― | -62.04% | -630.69% |
* Financial Sector Average
JP:8624
Ichiyoshi Securities Co
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Ichiyoshi Securities Co Corporate Events
Ichiyoshi Securities Sets Exercise Price for New Stock Options
Aug 6, 2026
Ichiyoshi Securities has set the exercise price for stock warrants granted as stock options to employees and executive advisers at 159,100 yen per warrant, equivalent to 1,591 yen per share. The company plans to deliver the resulting common shares...
Ichiyoshi Securities Sets Terms for Performance-Linked Stock Compensation Plan
Jul 30, 2026
Ichiyoshi Securities has approved the detailed design of a new performance-linked stock compensation plan for its directors, executive officers and operating officers across the company and its subsidiaries, excluding outside directors. The move i...
Ichiyoshi Securities Grants Stock Options to 1,081 Staff to Drive Growth
Jul 30, 2026
Ichiyoshi Securities Co., Ltd., a Tokyo Stock Exchange Prime Section‑listed securities company, provides brokerage and investment services through a group of subsidiaries and employees. Its operations are centered on Japan’s capital ma...
Ichiyoshi Securities to Use Treasury Shares for Performance-Linked Management Stock Plan
Jul 30, 2026
Ichiyoshi Securities will dispose of 656,500 treasury shares of common stock on August 19, 2026, at 1,469 yen per share, for a total of about 964 million yen, to fund a performance-linked stock-based compensation plan for its directors and officer...
Ichiyoshi Securities Posts Mixed First-Quarter Results Amid Market Volatility
Jul 30, 2026
Ichiyoshi Securities reported a sharp year-on-year decline in first-quarter fiscal 2026 operating and ordinary profits, despite a substantial surge in comprehensive income. Profit attributable to owners of the parent fell markedly, even as earning...
Ichiyoshi Securities books strong Q1 earnings on stock-type business shift
Jul 16, 2026
Ichiyoshi Securities reported a sharp improvement in preliminary consolidated results for the first quarter of fiscal 2026, with operating revenue rising 64.4% year on year to ¥7.6 billion and net income attributable to owners of the parent j...
Ichiyoshi Securities Seeks Shareholder Mandate for New Groupwide Stock Option Plan
May 13, 2026
Ichiyoshi Securities plans to seek shareholder approval in June 2026 to authorize its board to set the terms for issuing share warrants as stock options to directors, executive officers, advisers and employees across the group. The scheme is desig...
Ichiyoshi Securities to Book ¥1.2 Billion Dividend from Asset Management Unit
May 13, 2026
Ichiyoshi Securities said its consolidated subsidiary Ichiyoshi Asset Management plans to pay a dividend of 1,216 million yen out of retained earnings, subject to approval at the subsidiary’s June shareholders’ meeting, with payment sc...
Ichiyoshi Securities Lifts Final Dividend and Marks 75th Anniversary With Commemorative Payouts
May 13, 2026
Ichiyoshi Securities has approved a final dividend of 59 yen per share for the fiscal year ended March 31, 2026, bringing total annual dividends to 89 yen per share, including commemorative payouts for its 75th anniversary. The 2026 final dividend...
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.