Japan Exchange Group Raises FY2027 Earnings Forecast on Stronger Market Activity

Japan Exchange Group, Inc. (TSE:8697) has revised upward its earnings and dividend guidance for the fiscal year ending March 2027, citing stronger-than-expected trading volumes across equity and derivatives markets.

ItemBeforeAfterChange
営業収益JPY 241.5bnJPY 252.5bn+4.6%
Operating ProfitJPY 145.5bnJPY 154.5bn+6.2%
税引前利益JPY 147.0bnJPY 156.5bn+6.5%
当期利益JPY 100.5bnJPY 107.0bn+6.5%
親会社の所有者に帰属する当期利益JPY 98.5bnJPY 105.0bn+6.6%
基本的１株当たり当期利益JPY 96.53/shareJPY 102.90/share+JPY 6.37/share

The exchange operator raised operating profit by JPY 9.0bn to JPY 154.5bn, reflecting revised estimates for full-year average daily trading volumes and values. Equity trading is now projected at JPY 11.0 trillion (up JPY 800bn), while long-term government bond futures are expected to reach 52,000 contracts daily (up 1,000 units). TOPIX futures and Nikkei 225 index options also saw upward revisions, though Nikkei 225 futures were trimmed slightly.

The stronger operating performance supports Japan Exchange Group’s dividend policy targeting a payout ratio exceeding 60% of net income. The company raised its interim dividend by JPY 3.00/share to JPY 41.00/share and its year-end dividend by JPY 2.00/share to JPY 41.00/share, lifting the full-year dividend JPY 5.00/share to JPY 82.00/share, a 6.5% increase.

The revision signals management confidence in sustained market momentum, with equity and derivatives activity outpacing prior assumptions. For investors, the higher earnings and dividend guidance underscore the exchange’s sensitivity to market turnover and volatility—key drivers of transaction-based revenue. The raised payout reflects improved capital generation and commitment to shareholder returns amid a more active trading environment.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.