Want to see JP:8739 full AI Analyst Report?
Top Page
Sparx Group Co
(8739)
Select Model
Select Model
Rating:81Outperform
Price Target:
¥2,855.00
▲(28.20% Upside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by strong financial performance (high margins, renewed FY2026 revenue growth, and controlled leverage) and supportive valuation (moderate P/E with a ~4% dividend yield). Offsetting these positives are cash-flow volatility/uneven operating cash conversion and technical overbought signals that raise near-term downside risk despite an uptrend.
Positive Factors
Renewed Revenue Momentum
A 16.3% revenue rebound in FY2026 signals renewed demand and successful client retention or sales execution. Durable top-line recovery supports reinvestment in capabilities, steadier fee income and provides a multi-month runway for revenue-driven earnings growth if market conditions remain supportive.
Negative Factors
Uneven Operating Cash Conversion
Operating cash realized only ~75% of reported net income in FY2026, highlighting timing and working-capital swings. Persistent cash conversion gaps can strain funding for payouts and reinvestment, forcing dependence on financing in weaker quarters and complicating multi-month cash planning.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewed Revenue Momentum
A 16.3% revenue rebound in FY2026 signals renewed demand and successful client retention or sales execution. Durable top-line recovery supports reinvestment in capabilities, steadier fee income and provides a multi-month runway for revenue-driven earnings growth if market conditions remain supportive.
Read all positive factors
Sparx Group Co (8739) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥78.73B
Dividend Yield3.55%
Average Volume (3M)43.32K
Price to Earnings (P/E)13.1
Beta (1Y)0.96
Revenue Growth23.07%
EPS Growth33.26%
CountryJP
Employees187
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)193.53
Shares Outstanding41,507,780
10 Day Avg. Volume45,610
30 Day Avg. Volume43,316
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)1.89
Price to Sales (P/S)3.61
P/FCF Ratio12.69
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
Sparx Group Co Business Overview & Revenue Model
Sparx Group Co Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
83
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.94B | 20.57B | 17.96B | 16.50B | 13.36B | 14.04B |
| Gross Profit | 22.61B | 20.23B | 17.96B | 16.50B | 13.36B | 14.04B |
| EBITDA | 12.01B | 10.06B | 8.27B | 9.62B | 6.88B | 6.61B |
| Net Income | 7.65B | 6.38B | 5.25B | 6.52B | 4.52B | 4.07B |
Balance Sheet | ||||||
| Total Assets | 58.83B | 57.60B | 49.94B | 46.11B | 39.38B | 37.14B |
| Cash, Cash Equivalents and Short-Term Investments | 18.85B | 19.53B | 21.39B | 22.07B | 22.03B | 19.20B |
| Total Debt | 10.03B | 10.03B | 9.00B | 9.00B | 9.34B | 9.00B |
| Total Liabilities | 18.18B | 18.39B | 16.43B | 14.69B | 13.34B | 12.82B |
| Stockholders Equity | 40.64B | 39.20B | 33.51B | 31.44B | 26.05B | 24.32B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.85B | 4.39B | 4.37B | 2.80B | 2.65B |
| Operating Cash Flow | 0.00 | 6.04B | 5.06B | 5.99B | 3.10B | 2.66B |
| Investing Cash Flow | 0.00 | -4.02B | -2.12B | -3.13B | 2.00B | -1.18B |
| Financing Cash Flow | 0.00 | -4.02B | -3.39B | -3.29B | -2.41B | -2.48B |
Sparx Group Co Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥78.73B | 13.11 | 17.76% | 4.04% | 23.07% | 33.26% | |
76 Outperform | ¥211.85B | 9.20 | 8.89% | 5.60% | 33.52% | 186.49% | |
75 Outperform | ¥54.30B | 9.33 | 20.32% | 4.42% | 49.56% | 400.07% | |
73 Outperform | ¥2.07T | 4.26 | 26.86% | 2.63% | 23.11% | 103.05% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | ¥120.54B | 23.96 | 3.72% | 5.07% | -44.57% | -50.48% | |
47 Neutral | ¥20.64B | -33.29 | ― | 1.85% | -25.55% | -139.93% |
* Financial Sector Average
JP:8739
Sparx Group Co
2,538.00
1,031.34
68.45%
JP:8624
Ichiyoshi Securities Co
1,705.00
944.12
124.08%
JP:8595
Jafco Co
2,299.00
-150.93
-6.16%
JP:8473
SBI Holdings
3,216.00
-52.78
-1.61%
JP:8616
Tokai Tokyo Financial Holdings
853.00
304.20
55.43%
JP:3772
Wealth Management Inc
1,082.00
30.00
2.85%
Sparx Group Co Corporate Events
SPARX Group’s July AUM Slips 1.4% Amid Regional Market Volatility
Aug 7, 2026
SPARX Group reported that assets under management fell 1.4% month-on-month in July 2026, declining by JPY 36.4 billion to JPY 2,575.2 billion, with Japanese equity remaining the largest strategy and OneAsia showing notable volatility. Management n...
Sparx Group Highlights Micro-Driven Investment Strategy in FY2026 Q1 Update
Jul 31, 2026
Sparx Group Co., Ltd., an independent investment management and advisory firm based in Tokyo and listed on the TSE Prime Market, specializes in Type I and Type II financial instruments and bottom-up equity research. With 187 employees and roots da...
SPARX Group Lifts Annual Dividend Forecast on Strong Base Earnings
Jul 31, 2026
SPARX Group Co. has revised its interim and year-end dividend forecasts for the fiscal year ending March 31, 2027, lifting the annual dividend outlook by 16 yen to 110 yen per share from the previously projected 94 yen. The interim and year-end di...
Sparx Group Lifts Earnings and Dividend Outlook on Strong First-Quarter Performance
Jul 31, 2026
Sparx Group Co., Ltd., a Tokyo-listed asset manager, reported a sharp improvement in first-quarter results for fiscal 2026, supported by stronger markets and higher fee income from its core investment management businesses. Total assets and equity...
SPARX Group’s June AUM Rises to JPY 2.6 Trillion on Equity Strategy Gains
Jul 7, 2026
SPARX Group reported that assets under management rose by JPY 11.6 billion in June 2026, a 0.4% increase from the previous month, bringing total AUM to JPY 2,612.3 billion. Growth was supported by its Japan Equity and OneAsia strategies, with AUM ...
SPARX Details CEO’s Controlling Stake and Minority Shareholder Safeguards
Jun 15, 2026
SPARX Group has disclosed the status of its controlling shareholder, CEO Shuhei Abe, who holds a combined 53.31 percent of the company’s voting rights as of March 31, 2026. The company reported that there were no transactions with controllin...
SPARX Group to Receive ¥5.4 Billion Dividend From Asset Management Subsidiary
Jun 15, 2026
SPARX Group Co., Ltd. has announced it will receive a 5.4 billion yen dividend from its consolidated subsidiary SPARX Asset Management Co., Ltd., with payment scheduled for June 22, 2026. The company has disclosed that the transaction meets regula...
SPARX Group’s Assets Under Management Climb 6.8% in May
Jun 5, 2026
SPARX Group reported that its assets under management rose by ¥165.2 billion, or 6.8%, in May 2026 from the previous month, bringing total AUM to ¥2,600.8 billion. The increase reflects gains across its core strategies, including Japanes...
SPARX Group’s Assets Under Management Climb 8.5% in April on Regional Equity Rally
May 12, 2026
SPARX Group reported that its assets under management rose 8.5% month on month in April 2026, adding ¥190.3 billion to reach ¥2,435.5 billion, with growth spread across Japanese equity, OneAsia, real assets, and private equity strategies...
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.