8697
Japan Exchange Group, Inc.
株式会社日本取引所グループ
Financial Services · Financial Data & Stock Exchanges
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. The company also provides clearing and settlement, and market-related services. The company was incorporated in 1949 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥198.7B
¥162.2B
¥157.8B
¥134.5B
¥135.6B
Operating Income
¥116.3B
¥116.3B
¥87.4B
¥68.3B
¥73.5B
Non-Operating Income
—
¥328M
¥69M
¥49M
¥58M
Interest Income
—
¥286M
¥5M
¥7M
¥13M
Non-Operating Expenses
—
¥173M
¥108M
¥96M
¥103M
Ordinary Income
¥116.9B
¥90.3B
—
—
—
Pre-tax Income
¥116.9B
¥116.9B
¥87.4B
¥68.2B
¥73.4B
Net Income (owners)
¥79.1B
¥79.1B
¥60.8B
¥46.3B
¥50.0B
Minority Interest
—
¥1.6B
¥1.1B
¥876M
¥874M
Comprehensive Income
—
¥63.0B
¥55.2B
¥47.7B
¥51.5B
EBITDA
¥134.3B
¥134.3B
¥105.7B
¥87.2B
¥91.0B
EPS
¥76.81
¥76.81
¥116.89
¥88.03
¥94.35
Shares Outstanding
—
1.04B
522.3M
523.5M
528.6M
Shares Issued (total)
—
1.04B
522.3M
528.6M
528.6M
Treasury Shares
—
0.0M
—
5.0M
—
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥71,599.6B
¥71,599.6B
¥80,682.6B
¥82,187.4B
¥71,463.4B
Current Assets
¥71,421.1B
¥71,421.1B
¥80,501.2B
¥82,000.6B
¥71,279.9B
Cash & Deposits
¥110.5B
¥110.5B
¥128.0B
¥98.8B
¥93.4B
Non-Current Assets
¥178.5B
¥178.5B
¥181.4B
¥186.8B
¥183.5B
PP&E
¥12.3B
¥12.3B
¥13.2B
¥11.0B
¥13.0B
Goodwill
—
¥69.4B
¥71.2B
¥72.0B
¥67.4B
Intangible Assets
—
¥35.0B
¥32.8B
¥36.1B
¥37.7B
Deferred Tax Assets
—
¥6.4B
¥6.5B
¥1.8B
¥2.3B
Total Liabilities
¥71,242.0B
¥71,242.0B
¥80,344.1B
¥81,865.6B
¥71,139.6B
Current Liabilities
¥71,230.0B
¥71,230.0B
¥80,309.8B
¥81,833.3B
¥71,108.2B
ST Debt
¥52.5B
¥52.5B
¥32.5B
¥33.0B
¥32.5B
Non-Current Liabilities
¥11.9B
¥11.9B
¥34.3B
¥32.3B
¥31.4B
Total LT Borrowings
—
¥20.0B
¥20.0B
¥20.0B
¥20.0B
Deferred Tax Liab.
—
¥11M
—
¥69M
¥101M
Total Equity
¥357.6B
¥357.6B
¥338.6B
¥321.8B
¥323.9B
Capital Surplus
—
¥38.9B
¥38.8B
¥38.8B
¥38.8B
Retained Earnings
¥298.1B
¥298.1B
¥281.3B
¥275.5B
¥266.8B
Treasury Stock
—
¥-4.3B
¥-3.8B
¥-13.6B
¥-1.9B
AOCI
—
¥536M
¥522M
¥445M
¥445M
Equity (owners)
¥345.0B
¥345.0B
¥328.4B
¥312.7B
¥315.7B
Minority Interests
—
¥10.3B
¥10.2B
¥9.1B
¥8.2B
Total Interest-Bearing Debt ⓘ
¥52.5B
¥52.5B
¥52.5B
¥53.0B
¥52.5B
Net Cash ⓘ
¥58.0B
¥58.0B
¥75.5B
¥45.8B
¥40.9B
NCAV ⓘ
¥179.1B
¥179.1B
¥157.2B
¥135.0B
¥140.3B
NCAV/Share
—
¥171
¥301
¥258
¥265
BV/Share
—
¥330
¥629
¥597
¥597
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥107.7B
¥107.7B
¥79.6B
¥66.9B
¥58.2B
D&A
¥18.0B
¥18.0B
¥18.3B
¥19.0B
¥17.5B
Investing CF
¥-15.2B
¥-15.2B
¥-7.2B
¥-8.5B
¥-13.3B
CapEx
¥973M
¥973M
¥6.6B
¥565M
¥2.3B
Financing CF
¥-80.5B
¥-80.5B
¥-43.2B
¥-52.9B
¥-59.7B
Free Cash Flow
¥106.8B
¥106.8B
¥73.0B
¥66.3B
¥55.8B
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
22.1%
22.7%
18.4%
14.4%
15.4%
ROA
0.1%
0.1%
0.1%
0.1%
0.1%
EPS
¥76.81
¥76.81
¥116.89
¥88.03
¥94.35
DPS
¥25.00
¥25.00
¥91.00
¥63.00
¥72.00
BPS
¥335.64
¥335.64
—
—
—
FCF/Share
—
¥102
¥140
¥127
¥106
NCAV/Share
—
¥171
¥301
¥258
¥265
Payout Ratio
32.5%
32.5%
77.9%
71.6%
76.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 25
Date Activist Stake Event Flag Demands Source
2026-04-20
JPMorgan Asset Management (Japan) Limited
4.96%
-1.91%
change
Passive
—
2026-03-18
JPMorgan Asset Management (Japan) Limited
6.87%
+0.65%
change
Passive
—
2026-02-18
JPMorgan Asset Management (Japan) Limited
6.22%
-0.97%
change
Passive
—
2026-02-17
Mitsubishi UFJ Financial Group Inc.
6.95%
+1.05%
change
Passive
—
2026-01-06
JPMorgan Asset Management (Japan) Limited
7.19%
-1.23%
change
Passive
—
2025-12-18
JPMorgan Asset Management (Japan) Limited
8.42%
-0.02%
change
Passive
—
2025-12-04
Nomura Securities Co.,Ltd.
6.27%
-1.01%
change
Passive
—
2025-11-19
JPMorgan Asset Management (Japan) Limited
8.44%
-1.15%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Bank,Limited
5.76%
change
Passive
—
2025-09-18
JPMorgan Asset Management (Japan) Limited
9.59%
+1.85%
change
Passive
—
2025-07-07
Nomura Securities Co.,Ltd.
7.28%
+1.14%
change
Passive
—
2025-05-02
JPMorgan Asset Management (Japan) Limited
7.74%
-0.34%
change
Passive
—
2025-03-19
JPMorgan Asset Management (Japan) Limited
8.08%
+0.65%
change
Passive
—
2025-02-05
JPMorgan Asset Management (Japan) Limited
7.43%
+1.11%
change
Passive
—
2024-12-18
BlackRock Japan Co., Ltd.
7.26%
change
Passive
—
2024-11-06
JPMorgan Asset Management (Japan) Limited
6.32%
+1.09%
change
Passive
—
2024-09-24
Nomura Securities Co.,Ltd.
6.14%
+0.08%
change
Passive
—
2024-09-19
JPMorgan Asset Management (Japan) Limited
5.23%
+1.19%
initial_5pct
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
5.9%
-0.41%
change
Passive
—
2024-05-20
JPMorgan Asset Management (Japan) Limited
4.04%
-1.11%
change
Passive
—
2024-04-05
Nomura Holdings, Inc.
6.6%
change
Passive
—
2024-03-21
JPMorgan Asset Management (Japan) Limited
5.15%
initial_5pct
Passive
—
2023-11-08
Nomura Securities Co.,Ltd.
6.06%
change
Passive
—
2023-10-16
Mitsubishi UFJ Financial Group Inc.
6.31%
+0.39%
change
Passive
—
2023-06-19
Mitsubishi UFJ Financial Group Inc.
5.92%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-04-28
12:00
Buyback
¥20.0B 3.9%
JPX Japan Exchange Group,) board approved a share buyback program on 2026-04-28 to acquire up to 40 million shares (3.9%…
Summary
JPX Japan Exchange Group,) board approved a share buyback program on 2026-04-28 to acquire up to 40 million shares (3.9% of outstanding shares) for a maximum of 20 billion JPY through market purchases on TSE from June 1 to October 26, 2026. The buyback is intended to enhance capital efficiency and shareholder returns under the Medium-term Management Plan 2027.
Deadline: 2026-10-26
% of Shares: 3.9%
Shares: 40,000,000
Source (JP)
中期経営計画2027の資本政策に基づき、資本効率性の更なる向上と株主還元の一層の充実を図るため。取得し得る株式の総数:40,000,000株(上限)、200億円(上限)
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
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)
199,333
19.08%
2
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
67,057
6.42%
3
SMBC Nikko Securities
SMBC日興証券株式会社
24,521
2.35%
4
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
23,363
2.24%
5
J.P. MORGAN BANK LUXEMBOURG S.A. 384513(常任代理人 株式会社みずほ銀行決済営業部)
21,869
2.09%
6
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
21,708
2.08%
7
MUFG Bank
株式会社三菱UFJ銀行
15,114
1.45%
8
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部)
14,893
1.43%
9
立花証券株式会社
13,777
1.32%
10
BNYM AS AGT/CLTS NON TREATY JASDEC(常任代理人 株式会社三菱UFJ銀行)
12,979
1.24%
Domestic Nominees
25.5%
+2.2% 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
14.2%
+1.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
19.04%
17.15%
19.08%
+1.93%
Japan Custody Bank
日本カストディ銀行
6.50%
6.14%
6.42%
+0.28%
SMBC Nikko Securities
SMBC日興証券
2.29%
2.35%
2.35%
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001
—
1.64%
2.24%
+0.60%
J.P. MORGAN BANK LUXEMBOURG S.A. 384513
NEW ENTRY
—
—
—
2.09%
NEW
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234
1.68%
1.94%
2.08%
+0.14%
MUFG Bank
式会社三菱UFJ銀行
1.44%
1.45%
1.45%
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781
1.35%
1.39%
1.43%
+0.04%
立花証券
NEW ENTRY
1.32%
—
1.32%
NEW
BNYM AS AGT/CLTS NON TREATY JASDEC
NEW ENTRY
—
—
—
1.24%
NEW
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT
last seen 2024
Exited Top 10
2.43%
1.57%
—
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
last seen 2024
Exited Top 10
—
1.48%
—
SSBTC CLIENT OMNIBUS ACCOUNT
SSBTC CLIENT OMNIBUS ACCOUNT
last seen 2024
Exited Top 10
—
1.39%
—
THE BANK OF NEW YORK 134104
last seen 2023
Exited Top 10
2.04%
—
—
岡地証券
last seen 2023
Exited Top 10
1.24%
—
—
Concentration (HHI)
ⓘ
430
354
432
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved