Matsui Securities Co (8628) AI Stock Analysis

• Market Cap: ¥209.24B
• Dividend Yield: 5.28%
• Average Volume (3M): 922.14K
• Price to Earnings (P/E): 19.2
• Beta (1Y): 0.49
• Revenue Growth: 3.27%
• EPS Growth: -1.81%
• Country: JP
• Employees: 119
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 14.22
• Shares Outstanding: 259,264,700
• 10 Day Avg. Volume: 909,340
• 30 Day Avg. Volume: 922,136
• PEG Ratio: 2.59
• Price to Book (P/B): 2.56
• Price to Sales (P/S): 5.00
• P/FCF Ratio: -1.72
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ¥833.00 ▲(2.33% Upside)

Matsui Securities Co's overall stock score is driven primarily by its solid financial performance and attractive valuation. The company shows strong revenue growth and profitability, although cash flow volatility is a concern. The technical analysis suggests a lack of short-term momentum, but the valuation is compelling with a reasonable P/E ratio and high dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates a strong market position and effective business model, which supports long-term financial stability and expansion opportunities.

Profitability

Strong profitability through efficient cost management enhances Matsui Securities' ability to reinvest in growth initiatives and maintain competitive pricing strategies.

Operational Efficiency

Robust EBIT and EBITDA margins demonstrate effective operational management, which supports sustainable profitability and competitive advantage in the financial services sector.

Negative Factors

High Leverage

High leverage can increase financial risk, limiting Matsui Securities' ability to invest in growth opportunities and potentially impacting its long-term financial health.

Cash Flow Volatility

Volatile cash flow can challenge Matsui Securities' liquidity management, affecting its ability to fund operations and invest in strategic initiatives consistently.

Debt Levels

Rising debt levels can strain Matsui Securities' financial flexibility, making it vulnerable to interest rate changes and reducing its capacity to withstand economic downturns.

Matsui Securities Co Business Overview & Revenue Model

Company Description

Matsui Securities Co., Ltd. provides online securities brokerage services to retail investors in Japan. It offers brokerage services of stocks, futures, and options; services for underwriting, offering, and secondary distribution and solicitation for selling; and foreign exchange margin trading services, as well as sells investment trusts. The company was founded in 1918 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Matsui Securities generates revenue primarily through trading commissions charged to clients for executing buy and sell orders on their platform. This commission-based model is a significant source of income, especially given the high volume of retail trading activities in Japan. Additionally, the company earns revenue from spreads in foreign exchange trading, which involves the difference between buying and selling prices for currency pairs. Matsui also offers various investment products, such as mutual funds and margin trading services, which contribute to its earnings. Furthermore, the company may partner with financial institutions and technology providers to enhance its service offerings, thereby increasing customer satisfaction and retention, which in turn drives revenue growth.

Matsui Securities Co Financial Statement Overview

Summary

Matsui Securities Co demonstrates strong revenue growth and profitability, backed by efficient operations. The balance sheet indicates financial stability but highlights potential risks due to high leverage. Cash flow management shows volatility, requiring focus on improving cash generation. Overall, the company is in a stable financial position but should address cash flow challenges to ensure long-term sustainability.

Income Statement

Matsui Securities Co has shown a solid revenue growth trajectory with a notable increase in total revenue over the years. The gross profit margin is strong, reflecting efficient cost management. Net profit margin has remained healthy, although there were fluctuations reflecting market conditions. EBIT and EBITDA margins are robust, indicating operational efficiency.

Balance Sheet

The balance sheet reflects a stable equity position with a manageable debt-to-equity ratio. However, the increasing total debt and high level of total liabilities might pose potential risks. The equity ratio is stable, ensuring some level of financial stability. Return on equity shows effective use of shareholder funds, although there are risks associated with high leverage.

Cash Flow

Cash flow analysis indicates volatility, with periods of negative operating cash flow, reflecting challenges in cash generation. Free cash flow has shown significant fluctuations, indicating potential liquidity issues. Despite this, the company has managed financing effectively, balancing cash inflows and outflows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.41B	39.23B	36.86B	31.12B	33.28B	32.17B
Gross Profit	9.79B	37.16B	35.31B	28.46B	32.10B	30.77B
EBITDA	5.59B	18.63B	17.24B	13.75B	18.85B	16.94B
Net Income	2.87B	10.50B	9.79B	7.82B	11.44B	10.28B
Balance Sheet
Total Assets	1.16T	1.12T	1.17T	976.03B	879.39B	961.79B
Cash, Cash Equivalents and Short-Term Investments	119.34B	105.70B	104.47B	79.33B	57.30B	620.96B
Total Debt	272.58B	313.93B	50.00M	259.50B	189.26B	217.36B
Total Liabilities	1.09T	1.05T	1.10T	899.67B	800.67B	882.58B
Stockholders Equity	75.40B	76.60B	76.33B	76.35B	78.72B	79.21B
Cash Flow
Free Cash Flow	0.00	-113.86B	-11.47B	-18.99B	47.51B	-114.99B
Operating Cash Flow	0.00	-113.43B	-5.92B	-15.53B	50.82B	-111.93B
Investing Cash Flow	0.00	-4.37B	-8.88B	-4.28B	67.00M	-1.61B
Financing Cash Flow	0.00	53.20B	8.62B	41.92B	-50.37B	117.99B

Matsui Securities Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 814.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8628, the sentiment is Positive. The current price of 814 is above the 20-day moving average (MA) of 810.85, above the 50-day MA of 789.38, and above the 200-day MA of 736.49, indicating a bullish trend. The MACD of 5.28 indicates Positive momentum. The RSI at 57.62 is Neutral, neither overbought nor oversold. The STOCH value of 74.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8628.

Matsui Securities Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8707	81 Outperform	¥73.76B	9.04	―	5.89%	10.85%	30.77%
8609	78 Outperform	¥161.77B	13.15	―	4.10%	-2.39%	-4.54%
8628	69 Neutral	¥209.24B	19.16	14.00%	5.28%	3.27%	-1.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8614	66 Neutral	¥42.25B	15.17	―	4.98%	6.40%	41.18%
8708	64 Neutral	¥42.75B	16.17	―	4.43%	1.14%	-16.88%
8698	43 Neutral	¥178.25B	-40.74	-3.97%	5.74%	14.69%	-114.36%

Matsui Securities Co Corporate Events

Matsui Securities Reports Strong Semi-Annual Financial Results

Matsui Securities Co., Ltd. reported a significant increase in its non-consolidated financial results for the six months ended September 30, 2025, with operating revenue rising by 17.5% year-on-year. The company’s strong performance in operating profit and ordinary profit reflects its robust market positioning, despite the challenging market conditions that typically affect securities brokerage firms.