Japan Exchange Group (JPXGY) AI Stock Analysis

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Japan Exchange Group

(Other OTC:JPXGY)

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Rating:82Outperform

Price Target:$17.00▲(26.50% Upside)

Action:reiterated

Date:08/06/26

The score is driven primarily by strong financial performance (accelerating revenue, very high margins, conservative leverage, and solid cash generation). Technicals are supportive with a clear uptrend, though near-term overbought signals increase pullback risk. Valuation is the main constraint, with a relatively high P/E only partly balanced by a moderate dividend yield.

Positive Factors

Accelerating revenue and high profitabilityStrong revenue acceleration alongside exceptionally high operating and net margins indicates substantial operating leverage and pricing power. These characteristics can support durable earnings growth as trading, listing, clearing and data activities expand across JPX’s platforms.

Negative Factors

Free cash flow volatilityAlthough cash generation is strong, uneven free cash flow growth can make internally available funding less predictable. Periodic working-capital, settlement-related or investment-timing swings may complicate capital allocation and reduce the visibility of near-term cash expansion.

Japan Exchange Group (JPXGY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $13.56B
Dividend Yield: 3.66%
Average Volume (3M): 259.89K
Price to Earnings (P/E): 21.3
Beta (1Y): 0.41
Revenue Growth: 32.71%
EPS Growth: 53.40%
Country: US
Employees: 1,268
Sector: Financial
Sector Strength: 68
Industry: Financial - Data & Stock Exchanges

Japan Exchange Group Business Overview & Revenue Model

Company Description

Japan Exchange Group, Inc. (JPX) oversees and manages the financial marketplaces in Japan, providing platforms for trading various exchange-traded financial instruments. The company offers facilities for buying and selling securities, alongside a ran...

How the Company Makes Money

JPXGY primarily makes money by charging fees tied to the operation of its trading venues and the broader capital-markets “plumbing” around them. Key revenue streams include: (1) Trading and transaction-related fees: JPX charges fees when trades are e...

Japan Exchange Group Financial Statement Overview

Summary

Strong fundamentals supported by accelerating revenue (+26.3% YoY) and exceptionally high profitability (2025 operating margin ~55%, net margin ~37%). Balance sheet leverage is conservative (debt-to-equity ~0.15) with healthy ROE. Cash generation is robust with strong 2026 free cash flow, though free cash flow growth has shown periodic volatility and margins eased modestly from 2024 to 2025.

Income Statement

90Very Positive

Balance Sheet

84Very Positive

Cash Flow

86Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	172.39B	164.17B	211.05B	157.80B	134.50B	135.64B
Gross Profit	123.15B	89.09B	151.15B	86.02B	66.93B	72.41B
EBITDA	111.55B	108.81B	143.41B	105.81B	87.27B	91.06B
Net Income	63.64B	61.09B	83.91B	60.82B	46.34B	49.95B
Balance Sheet
Total Assets	79.15T	85.40T	71.91T	80.68T	82.19T	71.46T
Cash, Cash Equivalents and Short-Term Investments	246.99B	255.34B	274.48B	238.83B	211.21B	211.35B
Total Debt	52.49B	52.49B	52.72B	52.48B	52.97B	52.47B
Total Liabilities	78.82T	85.05T	71.55T	80.34T	81.87T	71.14T
Stockholders Equity	325.27B	340.82B	346.51B	328.36B	312.73B	315.65B
Cash Flow
Free Cash Flow	0	70.98B	113.22B	73.02B	55.58B	43.26B
Operating Cash Flow	0	86.14B	114.25B	79.57B	66.88B	58.19B
Investing Cash Flow	0	-61.22B	-16.16B	-7.17B	-8.52B	-13.30B
Financing Cash Flow	0	-54.50B	-85.33B	-43.20B	-52.90B	-59.75B

Japan Exchange Group Technical Analysis

Technical Analysis SentimentNeutral

Last Price13.44

Price Trends

50DMA14.17Negative

100DMA13.87Negative

200DMA12.87Positive

Market Momentum

MACD-0.23Positive

RSI39.93Neutral

STOCH16.96Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JPXGY, the sentiment is Neutral. The current price of 13.44 is below the 20-day moving average (MA) of 13.99, below the 50-day MA of 14.17, and above the 200-day MA of 12.87, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 39.93 is Neutral, neither overbought nor oversold. The STOCH value of 16.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JPXGY.

Japan Exchange Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

JPXGY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CME	85Outperform	$108.50B	24.73	16.24%	3.73%	8.99%	18.85%
ICE	83Outperform	$94.36B	22.94	14.08%	1.21%	13.51%	33.41%
JPXGY	82Outperform	$13.68B	21.31	30.57%	3.66%	32.71%	53.40%
CBOE	81Outperform	$35.04B	23.81	26.84%	0.90%	14.31%	50.84%
NDAQ	79Outperform	$58.95B	28.71	17.29%	1.09%	11.94%	30.40%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
COIN	56Neutral	$38.00B	-54.79	-5.08%	―	-47.61%	-120.69%

* Financial Sector Average

Performance Comparison

JPXGY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JPXGY	Japan Exchange Group, Inc.	13.44	2.22	19.77%
CBOE	Cboe Global Markets	335.53	91.10	37.27%
CME	CME Group Inc	303.14	48.85	19.21%
ICE	Intercontinental Exchange Inc.	168.85	25.17	17.52%
NDAQ	Nasdaq OMX	106.23	20.97	24.59%
COIN	Coinbase Global, Inc.	143.54	-186.88	-56.56%

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.

Date of analysis: Aug 06, 2026

Japan Exchange Group AI Stock Analysis

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