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Morningstar Japan K.K.
(4765)
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Rating:76Outperform
Price Target:
¥732.00
▲(24.49% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong financial performance, led by a very conservative balance sheet and continued profitability alongside a sharp 2026 revenue step-up. Technicals are supportive with the stock trading above major moving averages, though near-overbought signals cap upside. Valuation is reasonable with a solid dividend yield, but not compellingly low.
Positive Factors
Exceptionally Conservative Balance Sheet
Minimal debt materially lowers solvency risk and interest burden, preserving financial flexibility for investment, dividends, or strategic initiatives. This conservative balance sheet should remain a durable strength across changing market conditions.
Negative Factors
Margin Compression
Lower margins versus recent prior years reduce confidence that the latest revenue growth will translate proportionately into earnings. Continued compression could indicate mix, cost, or integration pressures and limit sustainable profit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptionally Conservative Balance Sheet
Minimal debt materially lowers solvency risk and interest burden, preserving financial flexibility for investment, dividends, or strategic initiatives. This conservative balance sheet should remain a durable strength across changing market conditions.
Read all positive factors
Morningstar Japan K.K. (4765) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥88.05B
Dividend Yield3.51%
Average Volume (3M)256.05K
Price to Earnings (P/E)19.8
Beta (1Y)0.66
Revenue Growth226.95%
EPS Growth70.14%
CountryJP
Employees357
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)28.30
Shares Outstanding138,220,120
10 Day Avg. Volume227,850
30 Day Avg. Volume256,053
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.94
Price to Sales (P/S)2.27
P/FCF Ratio23.94
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
Morningstar Japan K.K. Business Overview & Revenue Model
Company Description
SBI Global Asset Management Co., Ltd. provides financial and asset management services in Japan and internationally. The company provides investment management and investment advice services, such as investment trust setting, solicitation, and man...
How the Company Makes Money
Morningstar Japan K.K. primarily generates revenue by providing paid access to investment data, research, and analytics services to institutional clients in Japan. Key revenue streams typically include (1) subscription or license fees for database...
Morningstar Japan K.K. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
64
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.86B | 11.57B | 10.14B | 8.75B | 8.12B |
| Gross Profit | 11.62B | 5.70B | 5.22B | 4.53B | 4.47B |
| EBITDA | 5.98B | 3.11B | 2.62B | 8.69B | 3.05B |
| Net Income | 3.07B | 1.65B | 1.59B | 5.44B | 1.45B |
Balance Sheet | |||||
| Total Assets | 53.03B | 18.26B | 18.63B | 21.36B | 14.06B |
| Cash, Cash Equivalents and Short-Term Investments | 22.70B | 4.01B | 3.64B | 2.14B | 5.18B |
| Total Debt | 103.46M | 175.87M | 215.69M | 252.64M | 69.09M |
| Total Liabilities | 11.10B | 2.85B | 2.52B | 4.56B | 1.78B |
| Stockholders Equity | 32.63B | 15.24B | 15.96B | 16.48B | 11.80B |
Cash Flow | |||||
| Free Cash Flow | 2.64B | 2.00B | 8.34B | 2.27B | 804.63M |
| Operating Cash Flow | 2.68B | 2.01B | 8.76B | 2.61B | 1.13B |
| Investing Cash Flow | -910.18M | 359.58M | -5.49B | -3.47B | 1.32B |
| Financing Cash Flow | -2.19B | -2.01B | -2.15B | -1.89B | -2.15B |
Morningstar Japan K.K. Technical Analysis
Positive
588.00
Price Trends
588.94
Positive
592.41
Positive
591.88
Positive
Market Momentum
9.87
Negative
64.77
Neutral
63.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4765, the sentiment is Positive. The current price of 588 is below the 20-day moving average (MA) of 613.10, below the 50-day MA of 588.94, and below the 200-day MA of 591.88, indicating a bullish trend. The MACD of 9.87 indicates Negative momentum. The RSI at 64.77 is Neutral, neither overbought nor oversold. The STOCH value of 63.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4765.
Morningstar Japan K.K. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥264.75B | 8.94 | ― | 4.01% | 38.46% | 176.98% | |
77 Outperform | ¥85.14B | 17.26 | 10.18% | 6.15% | 18.06% | 17.31% | |
76 Outperform | ¥88.05B | 19.77 | 12.16% | 3.87% | 226.95% | 70.14% | |
75 Outperform | ¥289.70B | 16.64 | 19.66% | 5.13% | 43.71% | 73.74% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | ¥185.61B | 17.31 | 8.98% | 4.18% | 16.13% | ― | |
41 Neutral | ¥4.03B | -391,813,167,581,233,000.00 | ― | ― | -1.03% | ― |
* Financial Sector Average
JP:4765
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Morningstar Japan K.K. Corporate Events
SBI Global Asset Management Delivers Strong Q1 Earnings and Raises Interim Dividend Forecast
Jul 27, 2026
SBI Global Asset Management reported a sharp turnaround in performance for the three months ended June 30, 2026, with net sales surging 350.8% year on year to ¥12.8 billion and operating profit jumping 419.1% to ¥2.7 billion. Profit attr...
SBI Global Asset Management Lifts Interim Dividend on Strong Q1 Earnings
Jul 27, 2026
SBI Global Asset Management has announced an interim dividend forecast of 9.50 yen per share for the fiscal year ending March 31, 2027, up 0.50 yen from the previous year’s interim payout, marking the eighth consecutive year of interim divid...
SBI Global Asset Management Details Control Structure and Affirms Governance Independence
Jun 29, 2026
SBI Global Asset Management has clarified that SBI Holdings is its controlling parent, holding a total of 57.74% of voting rights directly and via wholly owned subsidiaries, and therefore consolidating the asset manager within the wider SBI Group....
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.