Traders Holdings Co., Ltd. (JP:8704)
:8704
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Traders Holdings Co., Ltd.
(8704)
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Rating:81Outperform
Price Target:
¥1,303.00
▲(36.87% Upside)
Action:ReiteratedDate:05/02/26
The score is driven primarily by strong financial quality (high profitability/ROE and low leverage) and attractive valuation (low P/E and solid dividend). Technicals are supportive with price above major moving averages, but momentum is currently more neutral than strongly bullish.
Positive Factors
High profitability and ROE
Consistently high net margins and strong ROE indicate durable earnings power and efficient capital deployment. That supports sustainable operating profitability, capacity to fund dividends or reinvestment internally, and resilience to modest revenue swings over the medium term.
Negative Factors
Recent revenue and earnings pullback
A top-line decline and slight earnings dip suggest growth momentum has softened. For a brokerage, prolonged revenue weakness can limit operating leverage and reinvestment capacity, constrain fee income expansion, and reduce upside in medium-term profit growth despite strong margins.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and ROE
Consistently high net margins and strong ROE indicate durable earnings power and efficient capital deployment. That supports sustainable operating profitability, capacity to fund dividends or reinvestment internally, and resilience to modest revenue swings over the medium term.
Read all positive factors
Traders Holdings Co., Ltd. (8704) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥33.30B
Dividend Yield3.91%
Average Volume (3M)225.59K
Price to Earnings (P/E)4.5
Beta (1Y)1.22
Revenue Growth-1.58%
EPS Growth-3.33%
CountryJP
Employees275
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)150.63
Shares Outstanding29,538,647
10 Day Avg. Volume149,560
30 Day Avg. Volume225,586
Financial Highlights & Ratios
PEG Ratio-1.91
Price to Book (P/B)1.36
Price to Sales (P/S)2.04
P/FCF Ratio0.72
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
Traders Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Traders Holdings Co.,Ltd., through its subsidiaries, engages in the foreign exchange and securities transaction activities in Japan. The company offers financial instrument, investment advisory and agency, commodity futures trading, and financial ...
How the Company Makes Money
null...
Traders Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.43B | 13.22B | 13.43B | 10.10B | 9.19B | 7.08B |
| Gross Profit | 12.42B | 12.71B | 13.30B | 9.58B | 8.45B | 6.57B |
| EBITDA | 6.36B | 6.17B | 7.02B | 4.70B | 3.89B | 2.61B |
| Net Income | 4.14B | 4.24B | 4.55B | 3.33B | 3.22B | 2.19B |
Balance Sheet | ||||||
| Total Assets | 133.14B | 165.76B | 125.05B | 118.19B | 88.32B | 74.10B |
| Cash, Cash Equivalents and Short-Term Investments | 8.45B | 8.50B | 12.12B | 8.85B | 5.78B | 6.37B |
| Total Debt | 1.03B | 1.20B | 1.13B | 2.23B | 2.10B | 2.06B |
| Total Liabilities | 115.98B | 145.87B | 107.63B | 104.08B | 76.34B | 64.85B |
| Stockholders Equity | 17.16B | 19.88B | 17.41B | 14.12B | 11.97B | 9.25B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 37.51B | 6.99B | 5.11B | 692.00M | 578.00M |
| Operating Cash Flow | 0.00 | 37.60B | 6.47B | 5.17B | 1.32B | 849.00M |
| Investing Cash Flow | 0.00 | -871.00M | -607.00M | -329.00M | -729.00M | -146.00M |
| Financing Cash Flow | 0.00 | -1.97B | -2.58B | -1.28B | -590.00M | 73.00M |
Traders Holdings Co., Ltd. Technical Analysis
Positive
952.00
Price Trends
1042.97
Positive
983.35
Positive
972.88
Positive
Market Momentum
5.11
Negative
51.22
Neutral
42.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8704, the sentiment is Positive. The current price of 952 is below the 20-day moving average (MA) of 1035.84, below the 50-day MA of 1042.97, and below the 200-day MA of 972.88, indicating a bullish trend. The MACD of 5.11 indicates Negative momentum. The RSI at 51.22 is Neutral, neither overbought nor oversold. The STOCH value of 42.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8704.
Traders Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥33.30B | 4.48 | ― | 3.91% | -1.58% | -3.33% | |
77 Outperform | ¥85.73B | 6.96 | ― | 5.75% | 30.59% | 55.29% | |
70 Outperform | ¥200.00B | 4.29 | ― | 4.01% | 21.03% | 85.36% | |
68 Neutral | ¥44.71B | 16.68 | ― | 4.36% | 3.23% | -11.76% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ¥233.66B | 13.77 | 14.00% | 5.13% | 34.33% | 47.34% | |
43 Neutral | ¥167.32B | 13.27 | 7.26% | 4.16% | 9.77% | -52.42% |
* Financial Sector Average
JP:8704
Traders Holdings Co., Ltd.
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Traders Holdings Co., Ltd. Corporate Events
Traders Holdings Nearly Matches Record Revenue Despite FX Market Slowdown
Apr 30, 2026
Traders Holdings reported that, unlike the prior year’s historically high FX volatility, the fiscal year ended March 31, 2026 unfolded in a low-volatility, range-bound market environment. Despite this unfavorable backdrop, the company’...
Traders Holdings Beats Full-Year Forecast on Surge in Volatile Q4 Trading
Apr 30, 2026
Traders Holdings Co., Ltd., a Tokyo-listed financial services firm specializing in trading-related businesses, continues to leverage growth in customer assets and positions across its markets. The group’s earnings are sensitive to shifts in ...
Traders Holdings Lifts Dividend-on-Equity Target to 5% Amid Stronger Earnings
Apr 30, 2026
Traders Holdings has revised its dividend policy, raising its target Dividend on Equity from about 4% to roughly 5% while continuing to provide semiannual stable dividends. The company also plans to start disclosing year-end dividend forecasts at ...
Traders Holdings Posts Slight Profit Dip but Forecasts Growth and Higher Dividends
Apr 30, 2026
Traders Holdings reported a slight decline in operating revenue and profit for the fiscal year ended March 31, 2026, with operating revenue down 1.6% to ¥13.2 billion and profit attributable to owners of parent falling 6.7% to ¥4.2 billi...
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.