1. Japan Stocks

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    Investment - Banking & Investment Services
Japan Exchange Group, Inc.

Japan Exchange Group, Inc.

OSCUF
Japan Exchange Group, Inc.US flagOther OTC
14.80
USD
- -
- -
15.21BMarket Cap
Japan Exchange Group, Inc.
OSCUF
(Other OTC)

Recent

price

14.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
42.56
41.66
105.82
103.86
96.97
106.47
100.77
112.83
113.34
116.41
124.88
128.08
127.75
151.64
191.32
- -
76.66
Revenue per Share
16.96
10.12
16.15
30.33
31.35
40.87
39.29
47.08
45.81
44.46
48
47.17
44.02
58.45
76.07
- -
28.24
Basic EPS, GAAP
-4.62
22.06
25.61
46.52
18.66
43.27
33.93
50.29
36.5
40.44
52.6
40.85
52.79
61.47
68.23
- -
31.53
Free Cash Flow per Basic Share
5
5.25
2.85
8
11.25
18.5
25.57
25.12
35.06
33.56
28.05
34.25
36.15
34.17
46.69
- -
15.56
Dividend per Share
88.94
93.81
165.99
125.81
146.67
167.7
186.65
209.08
223
237.61
263.87
262.78
272.62
281.39
293.79
- -
282.36
Book Value per Share
85.34
89.51
138.34
110.67
133.46
149.8
154.63
166.15
178.01
189.51
210.55
206.56
202.94
225.44
237.17
- -
222.87
Tangible Book Value per Share
540
540
678
1,098
1,098
1,098
1,072
1,072
1,071
1,071
1,071
1,059
1,053
1,041
1,040
- -
1,041
Basic Weighted Avg Shares
22,984
22,494
71,707
114,052
106,485
116,913
108,046
120,982
121,382
124,663
133,702
135,637
134,495
157,803
199,051
164,172
79,768
Sales/Revenue/Turnover
32.99
37.21
27.27
46.72
49.78
56.04
53.54
57.91
55.41
53
54.08
53.38
49.77
54.51
57.68
54.26
53.17
Operating Margin (%)
2,979
2,319
12,997
13,792
11,365
10,727
11,784
10,114
12,196
16,499
16,783
17,525
18,971
18,298
18,361
18,044
9,194
Depreciation Expense
9,156
5,466
10,941
33,304
34,427
44,877
42,124
50,484
49,057
47,609
51,389
49,955
46,342
60,822
79,139
61,092
29,389
Net Income, GAAP
- -
40.63
41.58
38.78
36.75
33.34
30.1
30.63
30.02
30.08
30.39
30.78
30.77
29.12
30.37
30.52
30.27
Effective Tax Rate (%)
39.84
24.3
15.26
29.2
32.33
38.38
38.99
41.73
40.42
38.19
38.44
36.83
34.46
38.54
39.76
37.21
36.84
Profit Margin (%)
32,042
40,844
10,799
50,569
61,693
97,002
118,880
118,202
134,566
145,985
178,687
171,743
167,299
191,445
204,833
191,057
188,904
Working Capital
16
9
- -
10,000
- -
10,000
29,933
19,940
19,946
19,953
19,960
19,967
19,973
19,980
19,987
- -
19,983
LT Debt
52,858
55,485
184,485
212,776
241,565
262,911
263,770
279,736
291,450
305,374
328,769
323,851
321,809
338,565
351,147
357,609
339,802
Total Equity
- -
8.88
6.44
11.47
12.09
14.85
12.81
14.47
13.45
12.8
13.17
12.91
12.12
15.38
19.33
14.52
7.35
Return on Invested Capital (%)
- -
11.1
7.84
16.3
17.71
21.14
17.43
18.63
16.76
15.36
15.49
14.43
13.24
16.97
21.29
16.03
8.05
Return on Capital (%)
19.99
11.08
13.41
26.58
23.01
26
21.92
23.79
21.19
19.3
19.14
17.82
16.4
20.98
26.45
19.86
9.91
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
32,500
- -
32,500
LT Borrowings
19,980
- -
19,983
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,041
- -
1,040
Market Capitalization
2,138,824
1,921,380
3,776,526

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
80,501,228
- -
82,970,470
Cash, Cash Equivalents & STI
238,829
- -
243,478
Accounts Receivable, Net
19,550
- -
16,759
Inventories
- -
- -
- -
Total Current Liabilities
80,309,783
- -
82,781,566
Payables & Accruals
- -
- -
- -
ST Debt
32,500
- -
32,500
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.17%
1.73%
1.84%
Free Cash Flow
10.93%
14.24%
39.86%
Net Income, GAAP
4.44%
5.71%
-22.8%
Sales/Revenue/Turnover
4.12%
5.31%
-17.52%
Total Cash Common Dividend
12.3%
14.24%
15.47%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41,697
36,455
38,405
41,363
157,803
2025
- -
- -
- -
- -
199,051
2026
- -
- -
- -
- -
164,172

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.04
13.16
14.57
- -
58.45
2025
- -
- -
- -
- -
76.07
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18.61
- -
15.56
- -
34.17
2025
- -
- -
- -
- -
46.69
2026
- -
- -
- -
- -
- -
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Business
Japan Exchange Group, Inc. (JPX) operates as a financial services holding company that manages and administers financial instruments exchanges in Japan, including the Tokyo Stock Exchange, Inc. (TSE), Osaka Exchange, Inc. (OSE), and Tokyo Commodity Exchange, Inc. (TOCOM); it provides market infrastructure, data services, clearing and settlement through Japan Securities Clearing Corporation (JSCC), self-regulatory operations via Japan Exchange Regulation, and IT and research support through JPX Market Innovation & Research, Inc. (JPXI). Core products and services encompass equities trading on TSE, such as stocks, exchange-traded funds (ETFs), exchange-traded notes (ETNs), real estate investment trusts (REITs), preferred stocks, convertible bonds, and government bonds; derivatives on OSE including securities index futures like Nikkei 225 and TOPIX, options, volatility indexes, interest rate products, and equity index futures; commodity futures and options on TOCOM covering energy, metals, agricultural products, and rubber; as well as market data publication, listing examinations, surveillance, compliance services, and information services like J-Quants API and JPX Data Catalog. Founded on January 1, 2013, through the merger of Tokyo Stock Exchange Group and Osaka Securities Exchange, JPX maintains its head office at 2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo, with an Osaka Head Office at 8-16 Kitahama 1-chome, Chuo-ku, Osaka, and primarily serves domestic and international investors, issuers, and securities firms across Japan with global outreach through representative offices in Hong Kong and Singapore. Recent developments include the April 2025 board resolution and subsequent completion of an own-share acquisition program under its articles of incorporation, the 2022 establishment of the Osaka Head Office and Osaka IPO Center to bolster Kansai region operations and disaster resilience, the 2022 integration of data, digital, and IT services into JPXI via merger with Tosho System Service Co., Ltd., and the July 2023 launch of the JPX Prime 150 Index followed by related ETF and futures listings in 2024.