Japan Securities Finance Co., Ltd. logo

Japan Securities Finance Co., Ltd.

8511.T

JPXFinancial ServicesFinancial - Credit Services

Latest quote

¥2,437

−¥20.00 · -0.81%

Aug 25, 10:31 AM JST

8511.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Japan Securities Finance Co., Ltd. (JSF), together with its subsidiaries, operates as a diversified financial services entity across Japan. Its primary business lines include securities financing, trust banking, and real estate activities. Within securities finance, JSF provides a broad array of lending solutions. These encompass funds and stock loans specifically for margin transactions, as well as general stock lending designed to facilitate the settlement of trades. The company also acts as an intermediary in the bond market, connecting borrowers with lenders. Additionally, it extends credit for the settlement of negotiable margin transactions, finances bond underwriting and trading, and offers general working capital loans to brokerage firms. Individual and corporate investors can access various secured loans backed by securities, such as the COM-STOCK, business, and safe-keeping deposited loan products. Beyond direct lending, JSF delivers essential supporting services, including custodial services for institutional investors' securities and managing principal and interest repayments for government bonds. The company also offers comprehensive securities trust and banking services. Furthermore, its real estate division is engaged in property ownership, leasing, trading, and brokerage. Founded in 1927 under the name Tokyo Securities Co., Ltd., the company officially adopted Japan Securities Finance Co., Ltd. in December 1949 and is headquartered in Tokyo, Japan.

Industry
Financial - Credit Services
Sector
Financial Services
Headquarters
JP
CEO
Morikuni Shimoyamada
Listed since
Jan 1, 2001
Employees
279

Market position

Volume
39.7K
0.2× average
Average volume
201.01K
Average daily volume
Market cap
197.17B JPY
Beta
0.43
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.76T JPY
EV / EBITDA
65.13×
Earnings yield
6.28%
Free cash flow yield
-213.21%

Profitability & efficiency

Return on equity
7.72%
Return on assets
0.07%
Return on invested capital
0.40%

Financial health

Current ratio
1.31×
Altman Z-score
0.32
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%64%33%2%Gross margin, FY2021: 61.00%Gross margin, FY2022: 65.14%Gross margin, FY2023: 59.75%Gross margin, FY2024: 83.41%Gross margin, FY2025: 87.19%Operating margin, FY2021: 35.13%Operating margin, FY2022: 31.53%Operating margin, FY2023: 40.11%Operating margin, FY2024: 65.15%Operating margin, FY2025: 78.84%Net margin, FY2021: 17.18%Net margin, FY2022: 14.03%Net margin, FY2023: 15.97%Net margin, FY2024: 17.25%Net margin, FY2025: 9.61%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 61.00%. Gross margin FY2022 65.14%. Gross margin FY2023 59.75%. Gross margin FY2024 83.41%. Gross margin FY2025 87.19%. Operating margin FY2021 35.13%. Operating margin FY2022 31.53%. Operating margin FY2023 40.11%. Operating margin FY2024 65.15%. Operating margin FY2025 78.84%. Net margin FY2021 17.18%. Net margin FY2022 14.03%. Net margin FY2023 15.97%. Net margin FY2024 17.25%. Net margin FY2025 9.61%.

Income trends

Revenue

110.46B JPY+83.65%

Operating income

87.08B JPY+122.23%

Net income

10.61B JPY+2.27%
Income trends across reported periods120.99B JPY78.87B JPY36.76B JPY−5.35B JPYRevenue, FY2021: 30.12B JPYRevenue, FY2022: 42.52B JPYRevenue, FY2023: 50.28B JPYRevenue, FY2024: 60.15B JPYRevenue, FY2025: 110.46B JPYOperating income, FY2021: 10.58B JPYOperating income, FY2022: 13.4B JPYOperating income, FY2023: 20.16B JPYOperating income, FY2024: 39.19B JPYOperating income, FY2025: 87.08B JPYNet income, FY2021: 5.17B JPYNet income, FY2022: 5.97B JPYNet income, FY2023: 8.03B JPYNet income, FY2024: 10.38B JPYNet income, FY2025: 10.61B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 30.12B JPY. Revenue FY2022 42.52B JPY. Revenue FY2023 50.28B JPY. Revenue FY2024 60.15B JPY. Revenue FY2025 110.46B JPY. Operating income FY2021 10.58B JPY. Operating income FY2022 13.4B JPY. Operating income FY2023 20.16B JPY. Operating income FY2024 39.19B JPY. Operating income FY2025 87.08B JPY. Net income FY2021 5.17B JPY. Net income FY2022 5.97B JPY. Net income FY2023 8.03B JPY. Net income FY2024 10.38B JPY. Net income FY2025 10.61B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue110.46B JPY60.15B JPY50.28B JPY42.52B JPY30.12B JPY
Cost of goods sold14.15B JPY9.98B JPY20.24B JPY14.82B JPY11.75B JPY
Gross profit96.31B JPY50.17B JPY30.04B JPY27.7B JPY18.37B JPY
Operating expenses9.23B JPY10.99B JPY9.87B JPY14.29B JPY7.79B JPY
Interest income71.88B JPY29.75B JPY20.44B JPY15.97B JPY10.97B JPY
Interest expense73.07B JPY27.19B JPY9.97B JPY7.05B JPY4.36B JPY
Depreciation and amortization451M JPY486M JPY626M JPY682M JPY1.2B JPY
Operating income87.08B JPY39.19B JPY20.16B JPY13.4B JPY10.58B JPY
Net income10.61B JPY10.38B JPY8.03B JPY5.97B JPY5.17B JPY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
48.44

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates50.8139.3427.8816.41Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 11, 2024: actual 33.86, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 10, 2025: actual 31.63, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 18.78, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 4, 2025: actual 28.78, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 33.85, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 36.49, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 30.62, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 48.44, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates39.4B29.82B20.25B10.67BQ4 '24MetQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 11, 2024: actual 15.09B JPY, estimate 15.09B JPY, surprise 0.00%, Met estimate. Q1 2025, reported Feb 10, 2025: actual 12.56B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 19.44B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 4, 2025: actual 23.85B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 27.03B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 28.27B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 35.06B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 37.41B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥82.00

2025 complete year+241.7% since 2021

2026 partial: ¥46.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥47.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥47.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥46.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 5, 2026

Dividend

Ex-dividend Sep 29, 2025

¥40.00

Annual

Record Sep 30, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Mar 28, 2025

¥42.00

Special

Record Mar 31, 2025 · Payment Jun 6, 2025

Dividend

Ex-dividend Sep 27, 2024

¥42.00

Special

Record Sep 30, 2024 · Payment Dec 5, 2024

8511.T peers

ETFs holding 8511.T

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research 8511.T

research.disclaimer