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Matsui Securities Co
(8628)
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Rating:66Neutral
Price Target:
¥1,132.00
▲(32.40% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by solid underlying profitability and improving recent performance, tempered by elevated balance-sheet leverage and volatile cash flows. Technicals are broadly supportive over the medium/long term but show some short-term softness, while valuation is helped by a moderate P/E and a strong dividend yield.
Positive Factors
High Profitability
Sustained mid-20s to mid-30s net margins indicate durable earnings power for a brokerage, supporting internal capital generation, dividends and reinvestment. High operating profitability also provides a buffer through cycles, enabling the firm to maintain returns even if revenues dip.
Negative Factors
Elevated Leverage
Meaningfully elevated debt-to-equity increases financial sensitivity to market stress and rising funding costs. High leverage reduces flexibility for opportunistic investments or buybacks, raises refinancing risk in tighter credit conditions, and amplifies earnings volatility during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained mid-20s to mid-30s net margins indicate durable earnings power for a brokerage, supporting internal capital generation, dividends and reinvestment. High operating profitability also provides a buffer through cycles, enabling the firm to maintain returns even if revenues dip.
Read all positive factors
Matsui Securities Co (8628) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥269.65B
Dividend Yield4.77%
Average Volume (3M)922.14K
Price to Earnings (P/E)14.8
Beta (1Y)0.48
Revenue Growth43.71%
EPS Growth73.74%
CountryJP
Employees227
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)70.72
Shares Outstanding259,264,700
10 Day Avg. Volume909,340
30 Day Avg. Volume922,136
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)2.95
Price to Sales (P/S)4.61
P/FCF Ratio2.23
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)41.4
Revenue Forecast (FY)¥66.41B
Matsui Securities Co Business Overview & Revenue Model
Company Description
Matsui Securities Co., Ltd. is a Japanese firm that provides online securities brokerage services, primarily catering to individual investors within Japan. Its extensive range of offerings includes facilitating trades in equities, futures, and opt...
How the Company Makes Money
Matsui Securities primarily generates revenue as a retail-focused online brokerage through transaction- and finance-related income tied to customer trading and account activity. Key revenue streams typically include: (1) Brokerage commissions and ...
Matsui Securities Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
56
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.51B | 52.66B | 39.20B | 36.84B | 31.09B | 33.21B |
| Gross Profit | 47.66B | 41.61B | 30.85B | 29.04B | 23.47B | 27.51B |
| EBITDA | 29.96B | 25.89B | 19.83B | 17.50B | 14.01B | 19.16B |
| Net Income | 18.22B | 15.48B | 10.50B | 9.79B | 7.82B | 11.44B |
Balance Sheet | ||||||
| Total Assets | 1.53T | 1.35T | 1.12T | 1.17T | 976.03B | 879.39B |
| Cash, Cash Equivalents and Short-Term Investments | 125.08B | 107.71B | 105.70B | 104.47B | 79.33B | 57.30B |
| Total Debt | 495.87B | 370.80B | 313.93B | 281.81B | 489.66B | 175.38B |
| Total Liabilities | 1.44T | 1.27T | 1.05T | 1.10T | 899.67B | 800.67B |
| Stockholders Equity | 81.69B | 82.35B | 76.60B | 76.33B | 76.35B | 78.72B |
Cash Flow | ||||||
| Free Cash Flow | 108.92B | 108.92B | -113.86B | 143.74B | 7.45B | 21.71B |
| Operating Cash Flow | 109.35B | 109.35B | -113.43B | 144.40B | 7.95B | 22.01B |
| Investing Cash Flow | -6.17B | -6.17B | -8.68B | -8.82B | -5.95B | -33.00M |
| Financing Cash Flow | 2.88B | 2.88B | 53.20B | 8.62B | 41.92B | -50.37B |
Matsui Securities Co Technical Analysis
Positive
855.00
Price Trends
1004.94
Positive
977.36
Positive
903.67
Positive
Market Momentum
13.56
Positive
53.60
Neutral
22.92
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 855 is below the 20-day moving average (MA) of 1071.00, below the 50-day MA of 1004.94, and below the 200-day MA of 903.67, indicating a neutral trend. The MACD of 13.56 indicates Positive momentum. The RSI at 53.60 is Neutral, neither overbought nor oversold. The STOCH value of 22.92 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥98.54B | 8.45 | ― | 5.75% | 38.76% | 64.54% | |
70 Outperform | ¥2.45T | 14.34 | 10.35% | 3.49% | 7.41% | 15.07% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥246.41B | 8.07 | ― | 4.01% | 38.46% | 176.98% | |
66 Neutral | ¥269.65B | 14.83 | 19.66% | 5.13% | 43.71% | 73.74% | |
64 Neutral | ¥4.37T | 0.31 | 404.11% | 3.19% | 6.38% | 8.32% | |
56 Neutral | ¥176.59B | 16.24 | 8.98% | 4.18% | 17.45% | ― |
* Financial Sector Average
JP:8628
Matsui Securities Co
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Matsui Securities Co Corporate Events
Matsui Securities’ Q1 Profit Nearly Doubles but Dividend Outlook Remains Unclear
Jul 31, 2026
Matsui Securities reported a sharp improvement in first-quarter results for the three months ended June 30, 2026, with operating revenue rising 51.6% year on year to ¥17.3 billion and operating profit jumping 87.7% to ¥8.8 billion. Ordin...
Matsui Securities Nearly Doubles Quarterly Profit as Revenues Surge
Jul 28, 2026
Matsui Securities reported a sharp earnings rebound for the quarter ended June 30, 2026, with operating revenue rising 51.6% year on year to ¥17.3 billion and ordinary profit nearly doubling to ¥8.9 billion. Net profit surged 95.3% to &#...
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.