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AIZAWA SECURITIES GROUP CO. LTD.
(8708)
Select Model
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Rating:63Neutral
Price Target:
¥1,870.00
▲(33.76% Upside)
Action:Reiterated
Date:09/28/26
The score is led by moderately strong financial performance (profitability restored and leverage manageable) but held back by pronounced cash-flow inconsistency and earnings cyclicality. Technicals are neutral-to-mildly constructive, and valuation is reasonable with a moderate dividend yield, providing some support.
Positive Factors
Recent profitability and margins
Healthy recent profitability indicates the brokerage and investment-services model can generate meaningful earnings when operating conditions are supportive. The positive operating result and roughly 13% net margin provide internal resources for client service, technology, and continued business development.
Negative Factors
Inconsistent cash generation
Although FY2026 operating and free cash flow improved to roughly ¥4.5–4.7 billion, repeated negative years show that accounting earnings have not translated consistently into cash. This variability can constrain capital allocation and increase reliance on balance-sheet flexibility across market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent profitability and margins
Healthy recent profitability indicates the brokerage and investment-services model can generate meaningful earnings when operating conditions are supportive. The positive operating result and roughly 13% net margin provide internal resources for client service, technology, and continued business development.
Read all positive factors
AIZAWA SECURITIES GROUP CO. LTD. (8708) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥51.11B
Dividend Yield2.86%
Average Volume (3M)146.96K
Price to Earnings (P/E)13.9
Beta (1Y)1.04
Revenue Growth18.11%
EPS Growth47.75%
CountryJP
Employees707
SectorGeneral
Sector StrengthN/A
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)118.10
Shares Outstanding39,525,650
10 Day Avg. Volume179,900
30 Day Avg. Volume146,963
Financial Highlights & Ratios
PEG Ratio-1.39
Price to Book (P/B)1.21
Price to Sales (P/S)2.73
P/FCF Ratio12.67
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
AIZAWA SECURITIES GROUP CO. LTD. Business Overview & Revenue Model
Company Description
Aizawa Securities Co., Ltd. engages in the provision of investment and financial services. It handles buying and selling of securities, securities indexes and securities options, and investment dealings in foreign markets. The firm operates throug...
How the Company Makes Money
The company makes money mainly through securities-business revenues earned across its brokerage and related investment services. Key revenue streams typically include: (1) Brokerage commissions and transaction-related fees: revenue generated when ...
AIZAWA SECURITIES GROUP CO. LTD. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.27B | 20.97B | 20.59B | 18.98B | 12.75B | 16.05B |
| Gross Profit | 25.14B | 19.91B | 20.02B | 18.19B | 12.21B | 15.62B |
| EBITDA | 5.53B | 4.85B | 5.06B | 4.65B | -1.41B | 5.24B |
| Net Income | 3.68B | 2.75B | 3.17B | 2.98B | -2.38B | 2.90B |
Balance Sheet | ||||||
| Total Assets | 137.40B | 124.32B | 109.53B | 124.12B | 98.83B | 104.72B |
| Cash, Cash Equivalents and Short-Term Investments | 31.88B | 24.24B | 25.98B | 35.51B | 24.87B | 28.09B |
| Total Debt | 26.61B | 24.91B | 19.99B | 18.90B | 12.76B | 7.95B |
| Total Liabilities | 86.66B | 73.84B | 61.93B | 65.46B | 44.81B | 46.70B |
| Stockholders Equity | 47.86B | 47.48B | 44.56B | 55.65B | 51.00B | 55.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.52B | -9.43B | 8.22B | -9.73B | -4.27B |
| Operating Cash Flow | 0.00 | 4.71B | -8.95B | 8.45B | -9.49B | -3.93B |
| Investing Cash Flow | 0.00 | 4.05B | 1.18B | 1.48B | 474.00M | 4.75B |
| Financing Cash Flow | 0.00 | 2.58B | -4.89B | -1.52B | 3.82B | 959.00M |
AIZAWA SECURITIES GROUP CO. LTD. Technical Analysis
Neutral
1398.00
Price Trends
1689.68
Negative
1576.05
Positive
1477.39
Positive
Market Momentum
-17.96
Positive
44.19
Neutral
21.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8708, the sentiment is Neutral. The current price of 1398 is below the 20-day moving average (MA) of 1679.81, below the 50-day MA of 1689.68, and below the 200-day MA of 1477.39, indicating a neutral trend. The MACD of -17.96 indicates Positive momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 21.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8708.
AIZAWA SECURITIES GROUP CO. LTD. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥80.08B | 15.83 | 9.89% | 6.15% | 18.06% | 17.31% | |
77 Outperform | ¥109.22B | 9.37 | ― | 4.95% | 38.76% | 64.54% | |
72 Outperform | ¥49.26B | 12.97 | 10.16% | 5.73% | 35.38% | 128.70% | |
67 Neutral | ¥269.17B | 8.82 | ― | 3.28% | 38.46% | 176.98% | |
63 Neutral | ¥51.11B | 13.93 | ― | 2.86% | 18.11% | 47.75% | |
59 Neutral | ¥49.27B | 9.37 | ― | 4.27% | 21.70% | 93.38% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8708
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AIZAWA SECURITIES GROUP CO. LTD. Corporate Events
Aizawa Securities Plans 48 Yen Interim Dividend Under Aggressive Shareholder Return Policy
Sep 18, 2026
Aizawa Securities Group has announced a planned interim dividend for the fiscal year ending March 31, 2027, with a record date of September 30, 2026, totaling 48 yen per share, comprising a 13 yen ordinary dividend and a 35 yen special dividend. T...
Aizawa Securities Group to Raise ¥800 Million via New Unsecured Bond
Aug 31, 2026
Aizawa Securities Group has resolved to issue its 23rd series of unsecured bonds, raising 800 million yen through a one-year, publicly offered yen-denominated bond carrying a 1.90% annual coupon. The issue, handled across the head office and all d...
Aizawa Securities Completes Restricted Share Grant to Executives
Aug 14, 2026
Aizawa Securities Group has completed payment procedures for the disposal of 41,000 treasury shares, which are being granted as restricted share remuneration to key management. The move, approved by the board in July, assigns shares to six interna...
Aizawa Securities Group to Raise ¥800 Million via New Unsecured Bond Issue
Jul 31, 2026
Aizawa Securities Group has approved the issuance of its 22nd series of unsecured bonds, raising 800 million yen through a one-year, publicly offered instrument carrying a 1.80% annual coupon. The yen-denominated bonds, handled and administered by...
Aizawa Securities Group Highlights Stakeholder-Focused Vision and Values
Jul 29, 2026
Aizawa Securities Group Co., Ltd., a Japanese financial services and securities firm, frames its business around providing long-term wealth-building support to clients. The group’s philosophy stresses broader prosperity, sustainable growth a...
Aizawa Securities swings to strong profit as market-driven revenues surge
Jul 29, 2026
Aizawa Securities Group reported a sharp turnaround for the quarter ended June 30, 2026, with operating revenue rising 37% year on year to ¥5.81 billion and net operating revenue up 42.1%, reversing last year’s losses into an ordinary p...
Aizawa Securities Swings Back to Profit on Higher Fees and Investment Gains
Jul 21, 2026
Aizawa Securities Group reported preliminary consolidated results for the three months ended June 30, 2026, showing a sharp rebound in profitability from the prior-year period. Operating revenue rose 37.0% year on year to 5,812 million yen, while ...
Aizawa Securities Group to Grant Long-Term Restricted Shares to Executives
Jul 17, 2026
Aizawa Securities Group has approved the disposal of 41,000 treasury shares as restricted share remuneration for six internal directors and eight subsidiary executive officers. The shares, priced at 1,618 yen each for a total of 66.34 million yen,...
Aizawa Securities Group to Raise ¥800 Million via 21st Unsecured Bond Issue
Jun 30, 2026
Aizawa Securities Group has approved the issuance of its 21st series of unsecured bonds, raising 800 million yen through a one-year public offering directed to the Japanese market. The bonds, carrying a 1.80% annual coupon and an equity maintenanc...
Aizawa Securities Books Extraordinary Gain from Portfolio Rebalancing
Jun 29, 2026
Aizawa Securities Group Co., Ltd. has recorded extraordinary income from the sale of a portion of investment securities held by the company and its subsidiary. The move is part of a broader effort to improve capital efficiency by reducing cross-sh...
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.