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AIZAWA SECURITIES GROUP CO. LTD.
(8708)
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Rating:62Neutral
Price Target:
¥1,549.00
▲(10.80% Upside)
Action:Reiterated
Date:06/28/26
The score is primarily held back by cyclical and inconsistent fundamentals—especially volatile multi-year cash flows and uneven earnings (including a prior loss year and a FY2026 net income step-down). Valuation is modestly supportive with a moderate P/E and a ~3.2% dividend yield, while technical indicators are broadly neutral and do not materially strengthen the outlook.
Positive Factors
Margin Recovery
A ~13% net margin in FY2026 signals durable core profitability versus prior weak years. Sustained margins support internal capital for underwriting, product investment and dividends, providing a buffer through market cycles and improving long-term earnings quality if maintained.
Negative Factors
Inconsistent Cash Generation
Repeated years of negative operating/free cash flow prior to FY2026 indicate earnings are not reliably converting to cash. That inconsistency raises reliance on balance-sheet liquidity, limits predictable reinvestment or shareholder returns, and increases vulnerability in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Recovery
A ~13% net margin in FY2026 signals durable core profitability versus prior weak years. Sustained margins support internal capital for underwriting, product investment and dividends, providing a buffer through market cycles and improving long-term earnings quality if maintained.
Read all positive factors
AIZAWA SECURITIES GROUP CO. LTD. (8708) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥48.28B
Dividend Yield4.36%
Average Volume (3M)110.38K
Price to Earnings (P/E)17.5
Beta (1Y)1.13
Revenue Growth8.35%
EPS Growth-11.77%
CountryJP
Employees723
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)79.98
Shares Outstanding39,525,650
10 Day Avg. Volume74,830
30 Day Avg. Volume110,376
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)1.21
Price to Sales (P/S)2.73
P/FCF Ratio12.67
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
AIZAWA SECURITIES GROUP CO. LTD. Business Overview & Revenue Model
Company Description
Aizawa Securities Co., Ltd. engages in the provision of investment and financial services. It handles buying and selling of securities, securities indexes and securities options, and investment dealings in foreign markets. The firm operates throug...
How the Company Makes Money
The company primarily earns revenue through its securities business. Key revenue streams typically include: (1) brokerage commissions and transaction-related fees generated when clients buy and sell securities through the firm; (2) underwriting an...
AIZAWA SECURITIES GROUP CO. LTD. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.37B | 20.97B | 20.59B | 18.98B | 12.75B | 16.05B |
| Gross Profit | 20.22B | 23.70B | 20.02B | 18.19B | 12.21B | 15.62B |
| EBITDA | 2.54B | 4.85B | 5.06B | 4.65B | -1.41B | 5.24B |
| Net Income | 2.48B | 2.75B | 3.17B | 2.98B | -2.38B | 2.90B |
Balance Sheet | ||||||
| Total Assets | 116.78B | 124.32B | 109.53B | 124.12B | 98.83B | 104.72B |
| Cash, Cash Equivalents and Short-Term Investments | 21.05B | 24.24B | 25.98B | 35.51B | 24.87B | 28.09B |
| Total Debt | 25.30B | 24.91B | 19.99B | 18.90B | 12.76B | 7.95B |
| Total Liabilities | 70.90B | 73.84B | 61.93B | 65.46B | 44.81B | 46.70B |
| Stockholders Equity | 42.99B | 47.48B | 44.56B | 55.65B | 51.00B | 55.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.52B | -9.43B | 8.22B | -9.73B | -4.27B |
| Operating Cash Flow | 0.00 | 4.71B | -8.95B | 8.45B | -9.49B | -3.93B |
| Investing Cash Flow | 0.00 | 4.05B | 1.18B | 1.48B | 474.00M | 4.75B |
| Financing Cash Flow | 0.00 | 2.58B | -4.89B | -1.52B | 3.82B | 959.00M |
AIZAWA SECURITIES GROUP CO. LTD. Technical Analysis
Positive
1398.00
Price Trends
1461.54
Positive
1457.37
Positive
1376.21
Positive
Market Momentum
13.87
Negative
69.23
Neutral
86.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8708, the sentiment is Positive. The current price of 1398 is below the 20-day moving average (MA) of 1470.70, below the 50-day MA of 1461.54, and above the 200-day MA of 1376.21, indicating a bullish trend. The MACD of 13.87 indicates Negative momentum. The RSI at 69.23 is Neutral, neither overbought nor oversold. The STOCH value of 86.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8708.
AIZAWA SECURITIES GROUP CO. LTD. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥94.07B | 9.01 | ― | 5.75% | 30.59% | 55.29% | |
75 Outperform | ¥71.37B | 14.20 | 9.22% | 6.15% | 10.49% | 31.92% | |
70 Outperform | ¥217.90B | 9.26 | ― | 4.01% | 21.03% | 85.38% | |
68 Neutral | ¥39.55B | 14.18 | 7.66% | 5.47% | 12.81% | 32.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ¥48.28B | 17.55 | ― | 4.36% | 8.35% | -11.77% | |
57 Neutral | ¥44.71B | 10.96 | ― | 4.86% | 10.70% | 63.03% |
* Financial Sector Average
JP:8708
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AIZAWA SECURITIES GROUP CO. LTD. Corporate Events
Aizawa Securities Group to Raise ¥800 Million via 20th Unsecured Bond Issue
May 29, 2026
Aizawa Securities Group Co., Ltd. has resolved to issue its 20th series of unsecured bonds, raising 800 million yen through a one-year, yen-denominated public offering in Japan. The bonds, carrying a 1.70% annual coupon and an equity maintenance c...
Aizawa Securities Lifts Annual Dividend and Reaffirms Aggressive Shareholder Returns
May 20, 2026
Aizawa Securities Group has approved a year-end dividend of ¥69 per share for the fiscal year ended March 31, 2026, consisting of an ordinary dividend of ¥34 and a special dividend of ¥35, in line with its previously announced forec...
Aizawa Securities Group to Raise ¥800 Million via 19th Series Unsecured Bonds
Apr 30, 2026
Aizawa Securities Group Co., Ltd. has resolved to issue its 19th series of unsecured bonds totaling 800 million yen, with a one-year term maturing on May 21, 2027 and an annual coupon rate of 1.70%. The publicly offered, yen-denominated bonds, whi...
Aizawa Securities Group Presents FY2026 Results and Reaffirms Long-Term Wealth Strategy
Apr 28, 2026
Aizawa Securities Group has released presentation materials outlining its financial results for the fiscal year ended March 31, 2026, alongside its corporate purpose and philosophy. The company reiterates its commitment to sustainable growth, enha...
Aizawa Securities Profit Slumps but Cash, Dividends Climb in FY2026
Apr 28, 2026
Aizawa Securities Group reported modest growth in operating revenue to ¥20.97 billion for the year ended March 31, 2026, but net operating revenue dipped slightly and profitability fell sharply. Operating profit plunged 98.6% to ¥26 mill...
Aizawa Securities Books Modest Revenue Gain but Profit Drop on Higher Costs
Apr 20, 2026
Aizawa Securities Group Co., Ltd., a Japanese financial instruments exchange operator with a focus on equity brokerage and asset management, serves investors through securities trading and related financial services. The company is active in Japan...
Aizawa Securities Group to Raise ¥1 Billion via 18th Series Unsecured Bonds
Mar 31, 2026
Aizawa Securities Group Co., Ltd. has approved the issuance of its 18th series of unsecured bonds, launching a ¥1 billion public offering in Japan with a one-year term maturing on April 21, 2027. The bonds carry an annual coupon rate of 1.70%...
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.