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Okasan Securities Group Inc.
(8609)
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Rating:67Neutral
Price Target:
¥1,361.00
▲(80.98% Upside)
Action:Downgraded
Date:07/31/26
The score is held back primarily by uneven financial quality—especially the multi-year history of negative operating/free cash flow and leverage variability—despite a clear 2026 rebound in earnings and cash generation. Offsetting that, technicals show a strong uptrend (price above all major moving averages) and valuation is appealing with a low P/E and ~3.87% dividend yield.
Positive Factors
Strong 2026 Revenue and Profit Growth
The sharp improvement in revenue and net income indicates stronger operating momentum and client activity. If sustained, this can strengthen the group’s earnings base, improve scalability across its securities businesses, and support investment in distribution capabilities.
Negative Factors
History of Negative Operating Cash Flow
Several consecutive years of negative operating cash flow indicate that reported earnings have not consistently translated into cash. This weakens earnings quality and could constrain dividends, reinvestment, or liquidity if the 2026 rebound is not durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong 2026 Revenue and Profit Growth
The sharp improvement in revenue and net income indicates stronger operating momentum and client activity. If sustained, this can strengthen the group’s earnings base, improve scalability across its securities businesses, and support investment in distribution capabilities.
Read all positive factors
Okasan Securities Group Inc. (8609) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥262.99B
Dividend Yield3.36%
Average Volume (3M)506.45K
Price to Earnings (P/E)8.9
Beta (1Y)1.06
Revenue Growth38.46%
EPS Growth176.98%
CountryJP
Employees3,472
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)138.13
Shares Outstanding231,217,070
10 Day Avg. Volume612,400
30 Day Avg. Volume506,446
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.71
Price to Sales (P/S)1.61
P/FCF Ratio4.01
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
Okasan Securities Group Inc. Business Overview & Revenue Model
Company Description
Okasan Securities Group Inc., together with its subsidiaries, engages in securities business in Japan. The company offers asset management; online trading with consulting services; corporate services, support IPOs, propose M and A and business mat...
How the Company Makes Money
Okasan Securities Group makes money primarily through securities-related fees and trading income generated by its brokerage and financial product distribution businesses. Key revenue streams typically include: (1) Brokerage commissions and related...
Okasan Securities Group Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.49B | 101.97B | 79.87B | 82.52B | 64.89B | 72.56B |
| Gross Profit | 105.64B | 91.37B | 79.87B | 82.52B | 64.89B | 72.56B |
| EBITDA | 39.03B | 31.28B | 22.15B | 23.38B | 7.41B | 19.52B |
| Net Income | 27.64B | 21.36B | 11.65B | 13.17B | 529.00M | 10.07B |
Balance Sheet | ||||||
| Total Assets | 1.57T | 1.40T | 1.38T | 1.21T | 876.06B | 816.57B |
| Cash, Cash Equivalents and Short-Term Investments | 681.67B | 604.27B | 51.50B | 514.07B | 91.71B | 90.06B |
| Total Debt | 146.54B | 136.33B | 685.80B | 166.09B | 177.05B | 165.12B |
| Total Liabilities | 1.33T | 1.17T | 1.17T | 993.63B | 690.42B | 626.71B |
| Stockholders Equity | 235.03B | 230.97B | 208.23B | 199.16B | 173.44B | 168.33B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 41.00B | -24.21B | -6.48B | -8.85B | -5.74B |
| Operating Cash Flow | 0.00 | 43.33B | -20.69B | -4.76B | -1.36B | -4.20B |
| Investing Cash Flow | 0.00 | 43.39B | 6.18B | 2.39B | 1.67B | 7.04B |
| Financing Cash Flow | 0.00 | -35.01B | -18.50B | -4.41B | 16.58B | 13.26B |
Okasan Securities Group Inc. Technical Analysis
Positive
752.00
Price Trends
1081.10
Positive
1001.03
Positive
891.79
Positive
Market Momentum
41.33
Negative
62.26
Neutral
59.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8609, the sentiment is Positive. The current price of 752 is below the 20-day moving average (MA) of 1158.20, below the 50-day MA of 1081.10, and below the 200-day MA of 891.79, indicating a bullish trend. The MACD of 41.33 indicates Negative momentum. The RSI at 62.26 is Neutral, neither overbought nor oversold. The STOCH value of 59.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8609.
Okasan Securities Group Inc. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥4.63T | 0.34 | 395.36% | 3.19% | 6.38% | 8.32% | |
77 Outperform | ¥106.76B | 9.37 | ― | 5.75% | 38.76% | 64.54% | |
70 Outperform | ¥2.46T | 12.94 | 11.52% | 3.49% | 15.89% | 26.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥262.99B | 8.87 | ― | 4.01% | 38.46% | 176.98% | |
66 Neutral | ¥304.10B | 17.15 | 22.68% | 5.13% | 43.71% | 73.74% | |
55 Neutral | ¥178.84B | 16.76 | 8.82% | 4.18% | 16.13% | ― |
* Financial Sector Average
JP:8609
Okasan Securities Group Inc.
1,238.00
593.97
92.23%
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742.26
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-41.74
-5.38%
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63.87%
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2,153.17
85.04%
Okasan Securities Group Inc. Corporate Events
Okasan Securities Group Posts Strong Profit Rebound in First Quarter FY2026
Aug 5, 2026
Okasan Securities Group Inc. reported a sharp improvement in results for the three months ended June 30, 2026, with operating revenue rising 64.9% year on year to ¥31.57 billion and net operating revenue up 66.6%. Operating profit jumped to &...
Okasan Securities Books Profit Surge but Keeps Dividend Outlook Cautious
Jul 30, 2026
Okasan Securities Group reported a sharp rebound in earnings for the three months ended June 30, 2026, as net operating revenue surged 66.6% year on year to ¥30.43 billion and ordinary profit jumped to ¥11.53 billion. Profit attributable...
Okasan Securities Group Expands Restricted Stock Compensation Across Organization
Jul 22, 2026
Okasan Securities Group Inc., a Japanese financial services and securities group listed on major domestic exchanges, has completed payment procedures for disposing treasury shares used in restricted stock compensation schemes. The company is deplo...
Okasan Securities Group to Grant Restricted Treasury Shares to Subsidiary Employees
Jun 26, 2026
Okasan Securities Group has approved the disposal of 104,600 treasury shares, valued at ¥955 per share for a total of about ¥99.9 million, to provide restricted stock compensation to 250 employees at its subsidiaries. The move is part of...
Okasan Securities Group to Grant Restricted Stock from Treasury Shares to Executives
Jun 26, 2026
Okasan Securities Group Inc. will dispose of 502,300 treasury shares to implement a restricted stock compensation plan for directors and executive officers of the parent company and selected subsidiaries. The shares, priced at 955 yen each for a t...
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.