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Added to YB: 2026-01-28

Pitch date: 2026-01-27

8697.T [bullish]

Japan Exchange Group, Inc.

+9.26%

current return

Author Info

Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.

Company Info

Japan Exchange Group, Inc. operates as a financial instruments exchange holding company in Japan. It engages in the operation of financial instruments exchange markets for trading listed securities and derivatives instruments to market users; publication of stock prices and quotations; provides market facilities for trading of commodity derivatives, physical commodities, and commodity index futures; self-regulatory operations, such as listing examination, listed company compliance, market surveillance, and inspections and examinations of trading participants.

Market Cap

JPY 2.0T

Pitch Price

JPY 1.7K

Price Target

N/A

Dividend

2.56%

EV/EBITDA

14.60

P/E

25.41

EV/Sales

9.87

Sector

Capital Markets

Category

growth

Show full summary:
Idea #1: Japan Exchange Group (8697 JP)

8697.T: Premier proxy for Japan equity resurgence. Operates vertically integrated TSE/OSE infrastructure capturing full trade lifecycle. Governance reforms + NISA-driven retail flows + foreign inflows = sustained volume growth. High op leverage flows incremental rev to profit. Q4 TSE avg daily value +18% QoQ. Consensus too conservative on structural shift; premium valuation justified by accelerating trading velocity & market broadening.

Read full article (3 min)