Ichiyoshi Securities Co Ltd (JP:8624)
:8624
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Ichiyoshi Securities Co
(8624)
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Rating:70Outperform
Price Target:
¥1,420.00
▲(28.04% Upside)
Action:ReiteratedDate:05/02/26
The score is supported primarily by strong valuation (low P/E and high dividend yield) and a solid financial base with improved recent profitability and conservative leverage. Offsetting these positives, technical indicators are weak (below key moving averages with negative MACD and low RSI/stochastic), and cash flow has been uneven across years.
Positive Factors
Revenue and margin improvement
Material revenue growth and margin expansion in the latest annual period indicate improved earnings power and operating leverage within core securities businesses. Sustained top-line strength and wider margins support reinvestment, dividend capacity and resilience across market cycles if repeated.
Negative Factors
Uneven cash generation
Inconsistent cash conversion—including a year of negative operating and free cash flow—signals working‑capital sensitivity and unpredictable cash availability. This undermines capacity to fund investments, dividends or buybacks reliably and raises reliance on external funding in down cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin improvement
Material revenue growth and margin expansion in the latest annual period indicate improved earnings power and operating leverage within core securities businesses. Sustained top-line strength and wider margins support reinvestment, dividend capacity and resilience across market cycles if repeated.
Read all positive factors
Ichiyoshi Securities Co (8624) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥41.53B
Dividend Yield4.42%
Average Volume (3M)110.12K
Price to Earnings (P/E)10.5
Beta (1Y)1.21
Revenue Growth30.88%
EPS Growth193.36%
CountryJP
Employees957
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)58.54
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. 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 servic...
How the Company Makes Money
Ichiyoshi Securities makes money primarily through fees and commissions earned from securities-related transactions and services. Key revenue streams typically include (1) brokerage commissions generated when clients buy and sell securities throug...
Ichiyoshi Securities Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.41B | 24.58B | 18.81B | 18.84B | 16.66B | 19.59B |
| Gross Profit | 18.18B | 24.58B | 18.30B | 18.80B | 16.62B | 19.55B |
| EBITDA | 2.24B | 0.00 | 2.76B | 3.32B | 1.65B | 3.87B |
| Net Income | 1.20B | 4.39B | 1.56B | 1.93B | 758.00M | 2.53B |
Balance Sheet | ||||||
| Total Assets | 45.62B | 55.11B | 41.90B | 46.65B | 42.67B | 47.94B |
| Cash, Cash Equivalents and Short-Term Investments | 22.21B | 17.82B | 17.99B | 21.87B | 16.19B | 17.74B |
| Total Debt | 3.64B | 5.17B | 2.28B | 361.00M | 628.00M | 592.00M |
| Total Liabilities | 18.45B | 24.11B | 14.44B | 17.64B | 14.85B | 17.87B |
| Stockholders Equity | 27.17B | 31.00B | 27.46B | 29.01B | 27.82B | 30.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.34B | -573.00M | 3.40B | 1.32B | 1.65B |
| Operating Cash Flow | 0.00 | 5.38B | -524.00M | 3.79B | 1.61B | 2.09B |
| Investing Cash Flow | 0.00 | -2.24B | -296.00M | -524.00M | -320.00M | -169.00M |
| Financing Cash Flow | 0.00 | -1.32B | -3.04B | -1.14B | -2.82B | -1.38B |
Ichiyoshi Securities Co Technical Analysis
Positive
1109.00
Price Trends
1384.72
Positive
1208.30
Positive
992.14
Positive
Market Momentum
50.28
Positive
59.56
Neutral
46.40
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 1483.88, below the 50-day MA of 1384.72, and above the 200-day MA of 992.14, indicating a bullish trend. The MACD of 50.28 indicates Positive momentum. The RSI at 59.56 is Neutral, neither overbought nor oversold. The STOCH value of 46.40 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥60.80B | 10.05 | 17.21% | 4.27% | 11.13% | 20.95% | |
72 Outperform | ¥2.09T | 3.01 | 20.02% | 2.63% | 31.37% | 148.24% | |
70 Outperform | ¥41.53B | 10.52 | 6.18% | 4.42% | 30.88% | 193.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥174.85B | 10.82 | 7.40% | 5.60% | 15.68% | 49.07% | |
63 Neutral | ¥16.44B | 8.91 | ― | 2.86% | 18.85% | 52.87% | |
53 Neutral | ¥24.37B | -8.03 | ― | ― | -45.54% | -286.03% |
* Financial Sector Average
JP:8624
Ichiyoshi Securities Co
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Ichiyoshi Securities Co Corporate Events
Ichiyoshi Securities Lifts Provisional Final Dividend on Stronger Earnings
Apr 28, 2026
Ichiyoshi Securities has announced a provisional increase in its final regular dividend for the fiscal year ended March 31, 2026, raising the planned payout from 48 yen to 49 yen per share. The change reflects an upward revision of consolidated ea...
Ichiyoshi Securities Posts Earnings Surge and Boosts Payout With 75th Anniversary Dividend
Apr 28, 2026
Ichiyoshi Securities reported a sharp improvement in earnings for the fiscal year ended March 31, 2026, with operating revenue and net operating revenue both rising strongly and profit attributable to owners more than doubling year on year. Compre...
Ichiyoshi Securities Sees Profit Surge on Shift to Stable Fee-Based Business
Apr 17, 2026
Ichiyoshi Securities has reported strong preliminary consolidated earnings for the fiscal year ended March 31, 2026, with operating revenue rising to ¥24.58 billion and net income attributable to owners of the parent jumping to ¥4.39 bil...
MIRI Capital Becomes Largest Shareholder in Ichiyoshi Securities
Apr 8, 2026
Ichiyoshi Securities has announced that U.S.-based investment advisory firm MIRI Capital Management LLC has become its largest shareholder, following confirmation from the shareholder registry as of March 31, 2026. MIRI now holds 5,868,400 shares,...
Ichiyoshi Securities Links Executive Pay to New Stock-Based Incentive Plan
Mar 18, 2026
Ichiyoshi Securities has approved the introduction of a new performance-linked stock compensation plan using a stock ownership trust for its directors, executive officers and operating officers at the parent and subsidiaries, excluding outside dir...
Ichiyoshi Securities Launches “Target 5” Plan to Drive Stock-Type Business Model
Mar 18, 2026
Ichiyoshi Securities has unveiled a new four-year medium-term management plan, “Target 5 ,” to accelerate its ongoing shift toward a customer-focused, stock-type business model built on recurring fee income. The plan follows the conclu...
Ichiyoshi Securities Lifts Payout With 75th Anniversary Dividends
Mar 18, 2026
Ichiyoshi Securities has provisionally set its final dividend for the fiscal year ending March 31, 2026 at 58 yen per share, combining a 48 yen regular dividend with a 10 yen commemorative payment tied to its 75th anniversary. The final figure, to...
Ichiyoshi Securities Proposes New Outside Director in Board Slate for 2026
Mar 4, 2026
Ichiyoshi Securities’ nominating committee has proposed a slate of seven directors for approval at its 84th annual shareholders’ meeting in June 2026, maintaining the current leadership structure with President and Representative Execu...
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.