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Matsui Securities Co
(8628)
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Rating:65Neutral
Price Target:
¥1,166.00
▲(36.37% Upside)
Action:Downgraded
Date:04/29/26
The score is driven primarily by solid profitability but tempered by elevated leverage and volatile cash flows. Valuation is a positive contributor due to the high dividend yield and reasonable P/E. Technically, the longer-term trend is constructive (above 100/200-day averages), but near-term momentum is soft (below the 20-day and low Stoch).
Positive Factors
Online retail brokerage model
Matsui's internet-first retail brokerage model is structurally scalable with low branch overhead and recurring fee and margin income. This digital distribution supports steady client acquisition and cost-efficient servicing, underpinning durable revenue streams over multiple market cycles.
Negative Factors
Elevated financial leverage
Sustained high leverage materially raises funding and liquidity risk for a broker, especially if market stress reduces client balances or margin activity. Elevated debt limits strategic flexibility, increases interest burden, and makes capital returns vulnerable during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Online retail brokerage model
Matsui's internet-first retail brokerage model is structurally scalable with low branch overhead and recurring fee and margin income. This digital distribution supports steady client acquisition and cost-efficient servicing, underpinning durable revenue streams over multiple market cycles.
Read all positive factors
Matsui Securities Co (8628) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥275.82B
Dividend Yield5.13%
Average Volume (3M)922.14K
Price to Earnings (P/E)18.2
Beta (1Y)0.49
Revenue Growth34.33%
EPS Growth47.34%
CountryJP
Employees227
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)60.11
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)¥41.90B
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 makes money as a retail-focused securities broker by earning transaction-based and finance-related income from customers using its trading platforms. 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 | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.66B | 39.20B | 36.84B | 31.09B | 33.21B |
| Gross Profit | 41.61B | 30.85B | 29.04B | 23.47B | 27.51B |
| EBITDA | 25.89B | 19.83B | 17.50B | 14.01B | 19.16B |
| Net Income | 15.48B | 10.50B | 9.79B | 7.82B | 11.44B |
Balance Sheet | |||||
| Total Assets | 1.35T | 1.12T | 1.17T | 976.03B | 879.39B |
| Cash, Cash Equivalents and Short-Term Investments | 107.71B | 105.70B | 104.47B | 79.33B | 57.30B |
| Total Debt | 370.80B | 313.93B | 281.81B | 489.66B | 175.38B |
| Total Liabilities | 1.27T | 1.05T | 1.10T | 899.67B | 800.67B |
| Stockholders Equity | 82.35B | 76.60B | 76.33B | 76.35B | 78.72B |
Cash Flow | |||||
| Free Cash Flow | 108.92B | -113.86B | 143.74B | 7.45B | 21.71B |
| Operating Cash Flow | 109.35B | -113.43B | 144.40B | 7.95B | 22.01B |
| Investing Cash Flow | -6.17B | -8.68B | -8.82B | -5.95B | -33.00M |
| Financing Cash Flow | 2.88B | 53.20B | 8.62B | 41.92B | -50.37B |
Matsui Securities Co Technical Analysis
Positive
855.00
Price Trends
959.94
Positive
952.20
Positive
877.64
Positive
Market Momentum
23.21
Negative
78.06
Negative
92.74
Negative
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 983.70, below the 50-day MA of 959.94, and below the 200-day MA of 877.64, indicating a bullish trend. The MACD of 23.21 indicates Negative momentum. The RSI at 78.06 is Negative, neither overbought nor oversold. The STOCH value of 92.74 is Negative, 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 | ¥99.48B | 9.86 | ― | 5.75% | 30.59% | 55.29% | |
70 Outperform | ¥223.43B | 9.86 | ― | 4.01% | 21.03% | 85.38% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥2.44T | 14.87 | 9.37% | 4.13% | 7.41% | 15.07% | |
65 Neutral | ¥275.82B | 18.17 | 14.00% | 5.13% | 34.33% | 47.34% | |
64 Neutral | ¥4.47T | 0.33 | 10.23% | 3.93% | 0.46% | 6.70% | |
56 Neutral | ¥183.35B | 17.48 | 7.26% | 4.16% | 17.45% | ― |
* Financial Sector Average
JP:8628
Matsui Securities Co
1,085.00
420.41
63.26%
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Matsui Securities Co Corporate Events
Matsui Securities Delivers Strong FY2026 Earnings and Raises Dividend
Apr 27, 2026
Matsui Securities reported strong non-consolidated results for the fiscal year ended March 31, 2026, with operating revenue rising 34.3% to ¥52.66 billion and operating profit surging 50.1% to ¥23.46 billion. Net profit climbed 47.4% 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.