JACCS CO., LTD.

株式会社ジャックス

Other Financing Business

JACCS Co., Ltd. operates as a consumer finance company in Japan and internationally. The company provides installment credit and other settlement methods for automobiles, home renovation, solar systems, dental, and education. It also issues credit cards; and offers rental guarantee, bill collection, reimbursement, personal and housing loan guarantees, non-life and life insurance agency, leasing, automatic, and claim management and collection services. The company was formerly known as Depart Sinyohanbai Co., Ltd. and changed its name to JACCS Co., Ltd. in April 1976. The company was founded in 1954 and is headquartered in Tokyo, Japan.

← Companies

Price

¥3,490

Market Cap

¥121.3B

Ent. Value

¥1.5T

Net Debt

−¥1.4T

Shares Out.

34.8M

P / E

6.5×

EV / EBIT

57.5×

⚠ TSE Capital Mandate

P / Book

0.49×

P / NCAV

0.81×

Div. Yield

5.44%

Financials

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥3,806.8B	¥3,777.6B	¥3,575.7B	¥4,828.9B
Current Assets	¥3,701.4B	¥3,678.8B	¥3,485.3B	¥4,740.4B
Cash & Deposits	¥174.7B	¥187.6B	¥162.4B	¥138.8B
Non-Current Assets	¥105.4B	¥98.8B	¥90.4B	¥88.5B
PP&E	¥23.0B	¥23.0B	¥22.8B	¥23.2B
Goodwill	—	¥114M	¥340M	¥563M
Intangible Assets	¥25.0B	¥25.7B	¥27.0B	¥26.4B
Investment Securities	¥33.5B	¥29.6B	¥20.6B	¥19.8B
Deferred Tax Assets	¥2.2B	¥1.7B	¥2.4B	¥3.2B
Total Liabilities	¥3,551.0B	¥3,539.2B	¥3,365.1B	¥4,636.7B
Current Liabilities	¥1,949.5B	¥1,930.9B	¥1,852.1B	¥3,284.6B
Accounts Payable	¥221.3B	¥268.6B	¥254.3B	¥200.1B
ST Debt	¥561.3B	¥559.2B	¥492.3B	¥490.5B
Taxes Payable	¥5.5B	¥6.3B	¥5.7B	¥4.5B
Non-Current Liabilities	¥1,601.4B	¥1,608.3B	¥1,513.0B	¥1,352.1B
Total LT Borrowings	¥972.4B	¥1,026.0B	¥993.8B	¥938.4B
Pension Obligations	¥92M	¥28M	¥19M	¥21M
Deferred Tax Liab.	¥3.9B	¥2.9B	¥1M	—
Total Equity	¥255.8B	¥238.4B	¥210.6B	¥192.2B
Capital Stock	¥16.1B	¥16.1B	¥16.1B	¥16.1B
Capital Surplus	¥30.6B	¥30.6B	¥30.5B	¥30.5B
Retained Earnings	¥175.4B	¥164.1B	¥147.1B	¥131.6B
Treasury Stock	¥-727M	¥-828M	¥-911M	¥-982M
AOCI	¥26.8B	¥20.4B	¥11.2B	¥9.3B
Equity (owners)	¥221.4B	¥210.0B	¥192.8B	¥177.3B
Minority Interests	¥7.4B	¥7.8B	¥6.4B	¥5.4B

Total Interest-Bearing Debt ⓘ	¥1,533.7B	¥1,585.1B	¥1,486.1B	¥1,428.8B
Net Cash ⓘ	¥-1,359.0B	¥-1,397.5B	¥-1,323.7B	¥-1,290.1B
NCAV ⓘ	¥150.4B	¥139.6B	¥120.2B	¥103.7B
NCAV/Share	¥4,327	¥4,021	¥3,465	¥2,993
BV/Share	¥6,371	¥6,049	¥5,560	¥5,118

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥-45.2B	¥-98.0B	¥-214.0B	¥-152.0B
Interest Paid	¥-23.3B	¥-17.9B	¥-12.7B	¥-11.0B
Interest Received	¥798M	¥690M	¥669M	¥627M
D&A	¥11.1B	¥11.2B	¥10.2B	¥10.4B
Goodwill Amort.	¥114M	¥228M	¥227M	¥225M
Investing CF	¥-7.4B	¥-6.3B	¥-8.2B	¥-7.3B
Purchase Investments	¥-19M	¥0M	—	¥-38M
Proceeds from Invest.	¥1.6B	¥2.3B	¥905M	¥812M
Financing CF	¥39.7B	¥129.0B	¥246.1B	¥186.1B
Dividends Paid	—	—	¥-6.2B	¥-4.7B
Share Buybacks	¥-2M	¥-4M	¥-2M	¥-1M
LT Debt Repaid	¥-223.1B	¥-174.0B	¥-187.0B	¥-166.5B
Free Cash Flow	¥-45.2B	¥-98.0B	¥-214.0B	¥-152.0B
Net Change in Cash	¥-13.0B	¥25.3B	¥23.7B	¥26.4B

Metric	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	7.8%	10.9%	11.1%	10.3%
ROA	0.5%	0.6%	0.5%	0.4%
EPS	¥536.11	¥685.13	¥624.60	¥528.97
DPS	¥190.00	¥220.00	¥190.00	¥160.00
BPS	¥7,142.20	¥6,637.17	¥5,883.59	¥5,386.05
FCF/Share	¥-1,299	¥-2,824	¥-6,171	¥-4,388
NCAV/Share	¥4,327	¥4,021	¥3,465	¥2,993
Payout Ratio	35.4%	32.1%	30.4%	30.2%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 3

Date	Activist	Stake	Event	Flag	Demands
2025-09-24	Mitsubishi UFJ Financial Group Inc.	40.38%	change	Passive	—
2025-09-22	Mitsubishi UFJ Financial Group Inc.	40.38% +17.21%	change	Passive	—
2024-07-23	Mitsubishi UFJ Financial Group Inc.	23.17%	change	Passive	—

#	Shareholder	Shares (thou.)	% of Total
1	MUFG Bank 株式会社三菱UFJ銀行	7,015	20.18%
2	Japan Master Trust Bank 日本マスタートラスト信託銀行株式会社（信託口）	2,992	8.60%
3	Japan Custody Bank 株式会社日本カストディ銀行（信託口）	2,792	8.03%
4	ジャックス共栄会	1,660	4.77%
5	Dai-ichi Life Insurance 第一生命保険株式会社（常任代理人株式会社日本カストディ銀行）	1,359	3.91%
6	Meiji Yasuda Life Insurance 明治安田生命保険相互会社（常任代理人株式会社日本カストディ銀行）	1,275	3.67%
7	Stock Ownership Plan ジャックス職員持株会	931	2.67%
8	Nippon Life Insurance 日本生命保険相互会社 (常任代理人日本マスタートラスト信託銀行株式会社)	588	1.69%
9	Mitsubishi UFJ Trust and Banking 三菱UFJ信託銀行株式会社 (常任代理人日本マスタートラスト信託銀行株式会社)	564	1.62%
10	DFA INTL SMALL CAP VALUE PORTFOLIO (常任代理人シティバンク、エヌ・エイ東京支店)	441	1.26%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

18.2%

+1.4% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

0.0%

+0.0% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

38.1%

-0.5% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
MUFG Bank 三菱UFJ銀行		20.23%	20.20%	20.18% -0.02%
Japan Master Trust Bank 日本マスタートラスト信託銀行		8.09%	7.62%	8.60% +0.98%
Japan Custody Bank 日本カストディ銀行		7.23%	7.57%	8.03% +0.46%
ジャックス共栄会		4.80%	4.74%	4.77% +0.03%
Dai-ichi Life Insurance 第一生命保険		3.92%	3.91%	3.91%
Meiji Yasuda Life Insurance 明治安田生命保険		3.67%	3.67%	3.67%
Stock Ownership Plan ジャックス職員持株会		2.87%	2.69%	2.67% -0.02%
Nippon Life Insurance 日本生命保険		1.69%	1.69%	1.69%
Mitsubishi UFJ Trust and Banking 三菱UFJ信託銀行		1.62%	1.62%	1.62%
DFA INTL SMALL CAP VALUE PORTFOLIO NEW ENTRY	—	—	—	1.26% NEW
RE FUND 107‐CLIENT AC RE FUND 107‐CLIENT AC last seen 2024	Exited Top 10	1.73%	1.72%	—
Concentration (HHI) ⓘ		596	590	611

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥33,150M +66% since 2023

Holdings 26 +5 new 15 exited

Trend 3 unwinding vs 2023

Held Company	FY2025 ¥33,150M total		FY2023 ¥20,029M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
MasterCard, Inc.	11,555	-0.7% ↓ 141,000	6,887	141,930
Mitsubishi UFJ Financial Group, Inc. ㈱三菱UFJフィナンシャル・グループ	9,855	4,900,690	4,155	4,900,690
Tokio Marine Holdings, Inc. 東京海上ホールディングス㈱	3,843	NEW New 670,000	—
MS&AD Insurance Group Holdings, Inc. MS＆ADインシュアランスグループホールディングス㈱ (注)１	2,042	NEW New 633,200	—
第一生命ホールディングス㈱	1,692	373,500	909	373,500
Sompo Holdings, Inc. SOMPOホールディングス㈱ (注)２	1,311	NEW New 290,000	—
Nojima Corporation ㈱ノジマ	809	NEW New 320,000	—		M
KU HOLDINGS CO.,LTD. ㈱ケーユーホールディングス	443	400,200	593	400,200	M
Joshin Denki Co., Ltd. 上新電機㈱	341	160,000	312	160,000	M
The Keiyo Bank, Ltd. ㈱京葉銀行	272	303,500	171	303,500	M
YAMADA HOLDINGS CO.,LTD. ㈱ヤマダホールディングス	258	600,000	273	600,000
West Holdings corporation ㈱ウエストホールディングス	239	152,100	492	152,100
North Pacific Bank,Ltd. ㈱北洋銀行	133	-50.0% ↓ 257,600	143	515,200	M
THE FIRST BANK OF TOYAMA, LTD. ㈱富山第一銀行	119	104,052	61	104,052	M
㈱トワライズ (注)３	50	NEW New 25,200	—		M
The Gunma Bank, Ltd. ㈱群馬銀行	48	39,000	17	39,000	M
VISAインターナショナル	40	772	23	772
The Bank of Toyama,Ltd. ㈱富山銀行	37	24,400	41	24,400	M
譬ｪ蠑丈ｼ夂､ｾ繧ｷ繝ｼ繝ｩ繝�繧ｯ繝弱Ο繧ｸ繝ｼ繧ｺ㈱シーラテクノロジーズ	24	-99.0% ↓ 800	77	80,000	M
Cacco Inc. かっこ㈱	24	39,000	34	39,000
Daiwa Co. ㈱大和	10	25,400	10	25,400	M
T.O. Holdings CO., LTD. ㈱テーオーホールディングス	3	11,300	2	11,300
Tsukuba Bank, Ltd. ㈱筑波銀行	2	8,200	1	8,200
Procrea Holdings, Inc. ㈱プロクレアホールディングス	—		—
THE SHIZUOKA BANK,LTD. ㈱静岡銀行	—		—
㈱愛知銀行	—		—
T&D Holdings, Inc. ㈱T＆Dホールディングス	—	−100% Exit —	154	94,160
The Awa Bank,Ltd. ㈱阿波銀行	—	−100% Exit —	5	2,600	M
Sompo Holdings, Inc. SOMPOホールディングス㈱	—	−100% Exit —	1,778	338,628
Tokio Marine Holdings, Inc. 東京海上ホールディングス㈱(注)1	—	−100% Exit —	1,765	693,000
MS&AD Insurance Group Holdings, Inc. MS＆ADインシュアランスグループホールディングス㈱	—	−100% Exit —	913	222,400
Nojima Corporation ㈱ノジマ(注)2	—	−100% Exit —	447	320,000	M
Shizuoka Financial Group, Inc. ㈱しずおかフィナンシャルグループ(注)3	—	−100% Exit —	317	334,000
Mizuho Financial Group, Inc. ㈱みずほフィナンシャルグループ	—	−100% Exit —	204	109,041
Yamaguchi Finacial Group,Inc. ㈱山口フィナンシャルグループ	—	−100% Exit —	112	138,700
The 77Bank,Ltd. ㈱七十七銀行	—	−100% Exit —	70	32,575	M
Aichi Financial Group Co., Ltd. ㈱あいちフィナンシャルグループ(注)4	—	−100% Exit —	24	11,322
Procrea Holdings, Inc. ㈱プロクレアホールディングス(注)5	—	−100% Exit —	21	10,304
The Yamanashi Chuo Bank,Ltd. ㈱山梨中央銀行	—	−100% Exit —	11	10,400	M
THE SHIMIZU BANK,LTD. ㈱清水銀行	—	−100% Exit —	5	2,200	M
THE TOHOKU BANK,LTD. ㈱東北銀行	—	−100% Exit —	2	2,900
Portfolio total	33,150		20,029

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding