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Kosei Securities Co., Ltd.
(8617)
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Rating:67Neutral
Price Target:
¥662.00
▲(45.49% Upside)
Action:Downgraded
Date:08/04/26
The score is primarily supported by strong balance sheet quality and very low leverage, but is held back by meaningful volatility in profitability and free cash flow. Technicals are mixed (neutral RSI, positive MACD, but below the 20-day average), while valuation is moderate with a ~12 P/E and ~1.8% dividend yield.
Positive Factors
Very Low Leverage
Very low leverage gives Kosei Securities a conservative financial structure and meaningful resilience against operating setbacks. A large equity base relative to debt can reduce financing pressure, preserve strategic flexibility, and support continued securities operations through weaker earnings periods.
Negative Factors
Highly Volatile Earnings
Large swings between profitability and deep losses reduce the predictability and quality of Kosei Securities’ earnings. Such volatility makes it harder to assess sustainable operating performance, plan capital allocation confidently, and rely on recent profit recovery as a stable medium-term trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage gives Kosei Securities a conservative financial structure and meaningful resilience against operating setbacks. A large equity base relative to debt can reduce financing pressure, preserve strategic flexibility, and support continued securities operations through weaker earnings periods.
Read all positive factors
Kosei Securities Co., Ltd. (8617) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.70B
Dividend Yield1.65%
Average Volume (3M)6.75K
Price to Earnings (P/E)13.1
Beta (1Y)0.71
Revenue Growth121.67%
EPS GrowthN/A
CountryJP
Employees37
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)46.25
Shares Outstanding9,486,400
10 Day Avg. Volume2,650
30 Day Avg. Volume6,753
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.29
Price to Sales (P/S)4.29
P/FCF Ratio20.10
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
Kosei Securities Co., Ltd. Business Overview & Revenue Model
Company Description
The Kosei Securities Co., Ltd. provides investment and financial services in Japan. The company engages in the buying and selling securities, securities index futures, securities options, and foreign market securities futures; and underwriting and...
How the Company Makes Money
Kosei Securities generates revenue primarily through securities-related financial services. Key revenue streams in a typical securities business include (1) brokerage commissions and transaction fees earned when clients buy or sell financial instr...
Kosei Securities Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.35B | 1.11B | 558.00M | 1.50B | 433.00M | 443.00M |
| Gross Profit | 1.19B | 937.00M | 480.00M | 1.44B | 417.00M | 425.00M |
| EBITDA | 453.00M | 313.00M | -462.00M | 496.00M | -442.00M | -404.00M |
| Net Income | 437.00M | 210.00M | -466.00M | 377.00M | -397.00M | -212.00M |
Balance Sheet | ||||||
| Total Assets | 24.37B | 22.34B | 21.78B | 24.61B | 21.05B | 20.41B |
| Cash, Cash Equivalents and Short-Term Investments | 4.20B | 3.97B | 5.45B | 9.22B | 8.49B | 7.39B |
| Total Debt | 417.00M | 318.00M | 353.00M | 268.00M | 359.00M | 515.00M |
| Total Liabilities | 7.72B | 6.07B | 6.06B | 7.67B | 5.71B | 4.49B |
| Stockholders Equity | 16.64B | 16.26B | 15.72B | 16.94B | 15.34B | 15.92B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 237.00M | -2.92B | 770.00M | 370.00M | -1.10B |
| Operating Cash Flow | 0.00 | 243.00M | -2.91B | 831.00M | 383.00M | -1.09B |
| Investing Cash Flow | 0.00 | -348.00M | 769.00M | -419.00M | -160.00M | 205.00M |
| Financing Cash Flow | 0.00 | -47.00M | -160.00M | -47.00M | -48.00M | -123.00M |
Kosei Securities Co., Ltd. Technical Analysis
Neutral
455.00
Price Trends
592.72
Negative
565.68
Positive
541.06
Positive
Market Momentum
1.07
Positive
41.32
Neutral
19.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8617, the sentiment is Neutral. The current price of 455 is below the 20-day moving average (MA) of 611.25, below the 50-day MA of 592.72, and below the 200-day MA of 541.06, indicating a neutral trend. The MACD of 1.07 indicates Positive momentum. The RSI at 41.32 is Neutral, neither overbought nor oversold. The STOCH value of 19.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8617.
Kosei Securities Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥10.93B | 7.28 | ― | 1.80% | 45.57% | 128.27% | |
77 Outperform | ¥83.28B | 16.42 | 9.89% | 5.91% | 18.06% | 17.31% | |
77 Outperform | ¥8.43B | 8.63 | ― | 4.74% | 43.42% | 201.76% | |
72 Outperform | ¥52.97B | 13.90 | 10.16% | 5.35% | 35.38% | 128.70% | |
67 Neutral | ¥5.70B | 13.10 | ― | 1.65% | 121.67% | ― | |
63 Neutral | ¥52.72B | 14.23 | ― | 2.77% | 18.11% | 47.75% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8617
Kosei Securities Co., Ltd.
590.00
87.00
17.30%
JP:8613
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Mito Securities Co., Ltd.
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Imamura Securities Co.Ltd.
1,977.00
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JP:8700
Maruhachi Securities Co., Ltd.
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35.25%
JP:8708
AIZAWA SECURITIES GROUP CO. LTD.
1,629.00
407.22
33.33%
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.