TSE:8697Capital Markets
Japan Exchange Group (TSE:8697) Margin Strength Challenges Bearish Earnings Decline Narrative
Japan Exchange Group (TSE:8697) closed FY 2026 with fourth quarter revenue of ¥59.2b and basic EPS of ¥23.49, supported over the trailing 12 months by revenue of ¥199.1b and EPS of ¥76.81 as earnings grew 29.5% year over year. Over the past six quarters, revenue has moved from ¥40.5b with EPS of ¥13.58 in FY 2025 Q4 to ¥59.2b with EPS of ¥23.49 in FY 2026 Q4, while trailing net profit margins increased from 37.7% to 39.8%. This gives the latest result a clear profitability tilt that investors...