Japan Exchange Group, Inc. American Depositary Receipt…

Summary

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 range of derivatives including securities index futures, securities options, commodity futures, and commodity index futures. It also undertakes financial instrument obligation assumption services, publishes market price information, and strives to ensure equitable trading practices. Furthermore, JPX plays a crucial self-regulatory role. This involves evaluating new listings, conducting market surveillance, ensuring compliance from listed companies, and inspecting market participants. In addition to these core functions, the group provides essential clearing and settlement services, as well as a variety of information services. Japan Exchange Group, Inc. was established in 1949 and has its main headquarters in Tokyo, Japan.

Website

www.jpx.co.jp

Location

Tokyo, NY, JP

Phone81 3 3666 1361

Employees1,268

CEOHiromi Yamaji

SectorFinancial Services

IndustryFinancial - Data & Stock Exchanges

IPO DateJun 9, 2015

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

Latest Documents

Mentions in Filings

… to any exchange, or set forth in any registration statement, application, or report to shareholders or otherwise made available to the public. Item C.1. Identification of investment. a. Name of issuer (if any). Japan Exchange Group, Inc. b. LEI (if any) of issuer. In the case of a holding in a fund that is a series of a series trust, report the LEI of the series. 353800578ADEGIJTVW07 c. Title of the issue or description of the investment. JAPA …
Dimensional ETF TrustJapan Exchange Group, Inc. American Depositary Receipt·NPORT-P - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
#\*Japan Communications, Inc. 101,100 93,065 Japan Electronic Materials Corp. 11,500 357,092 Japan Elevator Service Holdings Co., Ltd. 82,400 868,282 Japan Exchange Group, Inc. 271,100 2,964,772 Japan Eyewear Holdings Co., Ltd. 900 11,721
Dimensional ETF TrustJapan Exchange Group, Inc. American Depositary Receipt·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
The Japan Exchange Group, Inc. and JPX Market Innovation & Research, Inc. (collectively referred to as the “JPX Group”) and Nikkei Inc. (the “Nikkei”) are the Fund’s index providers (collectively, the “Index Provider”). The Fund seeks to track the investment results of the JPX-Nikkei 400 Net Total Return Index (the “Underlying Index”), which is composed of (i) common stocks whose main market is the Tokyo Stock Exchange Prime Market, Standard Mark …
iSHARES TRUSTJapan Exchange Group, Inc. American Depositary Receipt·497K - Summary prospectus·Q3 26·31 Jul
… mmodity Exchange, Inc. (“**COMEX**”) (a subsidiary of the Chicago Mercantile Exchange, Inc. (“**CME**”)), the Shanghai Futures Exchange, the Multi Commodity Exchange of India, the Osaka Exchange, a subsidiary of Japan Exchange Group, Inc., the Dubai Gold & Commodities Exchange, ICE Futures U.S., the Borsa Istanbul, the Korea Exchange and the Bursa Malaysia. Gold futures and options trade on these exchanges in standardized transaction sizes and de …
Texas Precious Metals TrustJapan Exchange Group, Inc. American Depositary Receipt·424B3 - Prospectus filing (Rule 424(b)(3))·Q3 26·13 Jul
… mmodity Exchange, Inc. (“**COMEX**”) (a subsidiary of the Chicago Mercantile Exchange, Inc. (“**CME**”)), the Shanghai Futures Exchange, the Multi Commodity Exchange of India, the Osaka Exchange, a subsidiary of Japan Exchange Group, Inc., the Dubai Gold & Commodities Exchange, ICE Futures U.S., the Borsa Istanbul, the Korea Exchange and the Bursa Malaysia. Gold futures and options trade on these exchanges in standardized transaction sizes and de …
Texas Precious Metals TrustJapan Exchange Group, Inc. American Depositary Receipt·S-1/A - Registration statement (general form, amendment)·Q3 26·8 Jul
… Software and Services, AI Applications, and AI Capital Infrastructure. For purposes of determining eligibility, the Index defines a publicly listed Japanese company as one whose equity securities are listed on the Japan Exchange Group. To be eligible for inclusion, a company must derive at least 50% of its revenue from or demonstrate material involvement in at least one of the AI value chain areas discussed below. A company’s material involveme …
Tidal Trust VJapan Exchange Group, Inc. American Depositary Receipt·485APOS - POST-EFFECTIVE AMENDMENT·Q2 26·29 Jun

Key Stats

Trading

Px/Chg 1D$14.73 / +0.89%

Avg Volume263.94K

Beta1.06

Mkt Cap15.03B

FD Mkt Cap14.57B

Float

Shrs Out/Float1.02B / 1.03B

Short Float0.00%

Days to Cover1.00

Stock Repurchased$21.76B

Current Valuation

EV-30552770911.52

EV/EBITDA-0.23

EV/Sales-0.15

P/B0.04

P/S0.07

FCF Yield753.36%

ROE24.22%

ROA0.12%

Current Ratio2.57

Dividend

Cash$0.23

Yield3.37%

Yield (TTM)3.37%

Estimates

P/E0.19

Est P/EN/A

Est EPSN/A

Est PEGN/A

Valuation

Metric	5Yr Avg	Jun '22	Jun '23	Jun '24	Jun '25	Oct '26
PRICE-BASED RATIOS
Price / Earnings	0.65	0.32	0.40	0.40	1.51	0.61
Price / Sales	0.23	0.12	0.14	0.15	0.50	0.25
Price / Book Value	0.06	0.05	0.06	0.07	0.06	0.04
Price / Free Cash Flow	0.23	0.37	0.33	0.33	0.00	0.13
ENTERPRISE VALUE METRICS
Enterprise Value	-24,133.4	-16,592.6	-18,213.2	-41,023.2	-14,285.2	-30,552.8
Enterprise Value / Sales	-0.27	-0.12	-0.14	-0.26	-0.34	-0.51
Enterprise Value / EBITDA	-0.42	-0.18	-0.21	-0.39	-0.57	-0.75
Enterprise Value / EBIT	-0.50	-0.23	-0.27	-0.47	-0.70	-0.85

Financials

Full Financials

Millions JPY	5Yr CAGR (%)	Mar '22	Mar '23	Mar '24	Mar '25	Mar '26
INCOME STATEMENT
Revenue	11.7%	135,637.0	134,495.0	157,803.0	164,172.0	211,052.2
Gross Income	20.2%	72,405.0	66,933.0	86,016.0	89,087.0	151,151.1
EBITDA	12%	91,057.0	87,274.0	105,810.0	108,811.0	143,405.6
EBIT	14%	73,532.0	68,303.0	87,512.0	90,450.0	124,281.9
Net Income	13.8%	49,955.0	46,342.0	60,822.0	61,092.0	83,912.8
EPS (Diluted)	14.6%	47.18	44.02	58.45	58.72	81.49
BALANCE SHEET
Cash & ST Inv	6.8%	211,354.0	211,212.0	238,829.0	255,338.0	274,481.0
Total Assets	15.6%	71,463,434.0	82,187,392.0	80,682,627.0	85,396,761.0	71,910,105.3
Total Liabilities	14.4%	71,139,583.0	81,865,583.0	80,344,062.0	85,045,614.0	71,550,943.3
Total Shareholder Equity	2.4%	315,653.0	312,734.0	328,359.0	340,823.0	346,511.4
CASH FLOW
Net Operating Cash Flow	18.4%	58,191.0	66,878.0	79,566.0	86,136.0	114,247.1
Cap Ex	-48.7%	-14,930.0	-11,301.0	-6,551.0	-15,153.0	-1,031.7
Free Cash Flow	27.2%	43,261.0	55,577.0	73,015.0	70,983.0	113,215.4

Enterprise Value Bridge

Millions JPY		23 Oct '26
Price (As of 23 Oct '26)		14.07
Basic Shares		1,020.24
Market Cap		14,354.7
Diluted Shares		1,030.32
Fully Diluted Shares Outstanding		1,030.32
Fully Diluted Market Cap		14,496.6
+Consolidated Debt		52,720.7
−In-the-Money Convertible Debt		—
+Capital Leases		-
+Operating Leases		—
−Cash & Equivalents		-110,950.1
−Short-term Investments		-164,010.0
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		12,648.6
+Pension Liabilities		—
Enterprise Value		-31,226.1

Japan Exchange Group, Inc. American Depositary Receipt(JPXGY US)

Financials & Metrics