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Traders Holdings Co., Ltd.
(8704)
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Rating:83Outperform
Price Target:
¥1,548.00
▲(62.61% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance (high profitability, strong ROE, and low leverage) and attractive valuation (low P/E with a solid dividend yield). Technicals are supportive with an established uptrend, though near-overbought signals temper the score due to potential short-term volatility.
Positive Factors
Multi-year Revenue Growth
Sustained revenue expansion indicates durable customer activity and business development across the brokerage group. Continued growth provides a foundation for operating leverage and supports earnings resilience over the medium term.
Negative Factors
Latest Revenue Contraction
The latest decline indicates that the preceding growth trend may be normalizing. Because brokerage income depends on customer activity, weaker revenue can pressure earnings and reduce confidence in the pace of medium-term expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year Revenue Growth
Sustained revenue expansion indicates durable customer activity and business development across the brokerage group. Continued growth provides a foundation for operating leverage and supports earnings resilience over the medium term.
Read all positive factors
Traders Holdings Co., Ltd. (8704) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥39.80B
Dividend Yield2.82%
Average Volume (3M)86.92K
Price to Earnings (P/E)8.2
Beta (1Y)1.13
Revenue Growth9.59%
EPS Growth15.20%
CountryJP
Employees285
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)173.27
Shares Outstanding29,538,647
10 Day Avg. Volume88,210
30 Day Avg. Volume86,916
Financial Highlights & Ratios
PEG Ratio-1.91
Price to Book (P/B)1.36
Price to Sales (P/S)2.04
P/FCF Ratio0.72
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
Traders Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1999, Traders Holdings Co.,Ltd. operates through its subsidiaries, primarily focusing on foreign exchange and securities transactions within the Japanese market. The company's diverse portfolio extends to offering f...
How the Company Makes Money
Traders Holdings primarily generates revenue through its brokerage operations, especially retail FX margin trading. The main earnings driver is brokerage-related income derived from customer trading activity, typically including (i) dealing/spread...
Traders Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.17B | 13.22B | 13.43B | 10.10B | 9.19B | 7.08B |
| Gross Profit | 13.42B | 12.71B | 13.30B | 9.58B | 8.45B | 6.57B |
| EBITDA | 7.29B | 6.60B | 7.02B | 4.70B | 3.89B | 2.61B |
| Net Income | 4.59B | 4.24B | 4.55B | 3.33B | 3.22B | 2.19B |
Balance Sheet | ||||||
| Total Assets | 180.23B | 165.76B | 125.05B | 118.19B | 88.32B | 74.10B |
| Cash, Cash Equivalents and Short-Term Investments | 7.36B | 8.50B | 12.12B | 8.85B | 5.78B | 6.37B |
| Total Debt | 1.18B | 1.20B | 1.13B | 2.23B | 2.10B | 2.06B |
| Total Liabilities | 159.53B | 145.87B | 107.63B | 104.08B | 76.34B | 64.85B |
| Stockholders Equity | 20.70B | 19.88B | 17.41B | 14.12B | 11.97B | 9.25B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 37.51B | 6.99B | 5.11B | 692.00M | 578.00M |
| Operating Cash Flow | 0.00 | 37.60B | 6.47B | 5.17B | 1.32B | 849.00M |
| Investing Cash Flow | 0.00 | -871.00M | -607.00M | -329.00M | -729.00M | -146.00M |
| Financing Cash Flow | 0.00 | -1.97B | -2.58B | -1.28B | -590.00M | 73.00M |
Traders Holdings Co., Ltd. Technical Analysis
Neutral
952.00
Price Trends
1287.34
Positive
1207.46
Positive
1090.38
Positive
Market Momentum
25.55
Positive
52.48
Neutral
38.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8704, the sentiment is Neutral. The current price of 952 is below the 20-day moving average (MA) of 1352.60, below the 50-day MA of 1287.34, and below the 200-day MA of 1090.38, indicating a neutral trend. The MACD of 25.55 indicates Positive momentum. The RSI at 52.48 is Neutral, neither overbought nor oversold. The STOCH value of 38.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8704.
Traders Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥39.80B | 8.20 | ― | 3.91% | 9.59% | 15.20% | |
77 Outperform | ¥107.81B | 9.44 | ― | 5.75% | 38.76% | 64.54% | |
67 Neutral | ¥266.52B | 8.96 | ― | 4.01% | 38.46% | 176.98% | |
64 Neutral | ¥179.59B | 16.80 | 8.82% | 4.18% | 16.13% | ― | |
61 Neutral | ¥55.21B | 15.33 | ― | 4.36% | 18.11% | 47.75% | |
58 Neutral | ¥307.44B | 17.04 | 22.68% | 5.13% | 43.71% | 73.74% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Traders Holdings Co., Ltd. Corporate Events
Traders Holdings Finalizes Terms for New Employee Stock Options
Aug 7, 2026
Traders Holdings has finalized the terms for a new stock option program, approving the issuance of 1,776 share acquisition rights to employees of the parent company and directors and employees of its subsidiaries. The allocation to 42 eligible rec...
Traders Holdings Completes Restricted Stock Treasury Share Disposal
Aug 7, 2026
Traders Holdings Co., Ltd. has completed the payment procedures for the disposal of treasury shares used as restricted stock compensation, following a resolution by its Board of Directors on July 17, 2026. The transaction involved 179,800 shares o...
Traders Holdings Sharpening FX Edge With Product and IP Strategy
Jul 31, 2026
Traders Holdings Co., Ltd. operates in the foreign exchange (FX) trading and financial services sector, drawing on more than two decades of FX-specialist expertise. Its business model is built around strong product competitiveness, fast and flexib...
Traders Holdings Posts Strong Q1 Earnings and Plans Higher Dividend
Jul 31, 2026
Traders Holdings reported a strong recovery for the three months ended June 30, 2026, with operating revenue rising 31.7% year on year to ¥3.97 billion and net operating revenue up 32.0%. Operating profit jumped 50.2% to ¥2.10 billion an...
Traders Holdings Launches New Stock Option Plan to Align Staff Incentives With Shareholder Value
Jul 17, 2026
Traders Holdings Co., Ltd., a Tokyo Stock Exchange Standard Market-listed financial services group, engages in securities and trading-related businesses through the parent and its subsidiaries. The company emphasizes tying employee incentives to s...
Traders Holdings to Grant Restricted Stock to Directors Through Treasury Share Disposal
Jul 17, 2026
Traders Holdings has approved the disposal of 179,800 treasury shares as restricted stock compensation to six directors, including outside and audit and supervisory committee members, at a price of 1,294 yen per share, for a total of 232,661,200 y...
Traders Holdings Affirms Governance Independence from Major Family-Linked Stakeholder
Jun 30, 2026
Traders Holdings Co., Ltd., a Tokyo Stock Exchange-listed financial services firm, is part of a corporate group in which K Power Co., Ltd. acts as the founding family’s asset management arm. K Power’s business centers on securities inv...
Traders Holdings Reports Progress and Remaining Challenges in Board Governance Review
Jun 19, 2026
Traders Holdings has completed its latest annual evaluation of board effectiveness for the year ended March 31, 2026, using an anonymous questionnaire of all directors to assess board composition, operations, agenda quality, support systems, super...
Traders Holdings to Book ¥1.5 Billion Dividend from Securities Subsidiary
Jun 18, 2026
Traders Holdings has announced that it will receive a surplus dividend of 1.5 billion yen from its consolidated subsidiary, Traders Securities, with the payment scheduled for June 22, 2026. The move reflects internal capital allocation within the ...
Traders Holdings Raises Year-End Dividend and Lifts Payout Target
May 22, 2026
Traders Holdings Co., Ltd. has approved a year-end dividend of ¥24 per share for the fiscal year ended March 31, 2026, matching its latest forecast and up from ¥20 a year earlier. This will bring the total annual dividend to ¥40 per...
Traders Holdings to Clarify Substitute Director Terms in Articles of Incorporation
May 22, 2026
Traders Holdings’ board has approved a proposal to partially amend its Articles of Incorporation, specifically to clarify the term of office and validity of resolutions for substitute directors who serve as Audit and Supervisory Committee me...
Traders Holdings Revamps Board With New Outside Director and Broad Reappointments
May 22, 2026
Traders Holdings Co., Ltd., a Tokyo-listed financial services company, outlined board-level personnel plans ahead of its 27th Annual General Meeting of Shareholders scheduled for June 24, 2026. The board resolved to propose the reappointment of it...
Traders Holdings to Extend Restricted Stock Compensation to Outside Directors
May 22, 2026
Traders Holdings has resolved to revise its executive remuneration system and expand its existing restricted stock compensation plan to include outside directors, excluding those who are audit and supervisory committee members. The proposal will b...
Traders Holdings to Extend Restricted Stock Incentives to Audit and Supervisory Directors
May 22, 2026
Traders Holdings will seek shareholder approval at its June 24, 2026 annual general meeting to extend its restricted stock compensation plan to directors who serve as Audit and Supervisory Committee members. The move is framed as a way to strength...
Traders Holdings to Scrap Executive Retirement Plan in Governance Overhaul
May 22, 2026
Traders Holdings has decided to abolish its executive retirement benefit plan as part of broader efforts to strengthen corporate governance and overhaul its executive compensation framework. The move is aimed at improving transparency, objectivity...
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.