Japan Exchange, The Current Fiscal Year Net Income Revised Upward by 4%, Dividend Revised Upward by 12 yen

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Tue Mar 25, 2025 12:00 pm JST Revision

8697 Japan Exchange Group, Inc. 【IFRS】

Guidance Update Report

Japan Exchange Group, Inc. <8697> [TSE Prime] announced a revision to its performance and dividend at noon (12:00) on March 25th. The consolidated net income for the fiscal year ending March 2025 has been revised upward 4.3%, from the previous forecast of 58 billion yen to 60.5 billion yen (compared to 60.8 billion yen in the previous period), and the declining rate is expected to decrease from 4.6% to 0.5%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated net income has been revised upward 9.7%, from the previous forecast of 25.6 billion yen to 28.1 billion yen (compared to 29.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 12.6% to 4.1%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 50 yen to 62 yen (compared to 91 yen before the 2-for-1 forward stock split in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	77,190	38,282	38,274	25,692	24.7	17	Oct 29, 2024	IFRS
Oct - Mar, 2024 New	80,190	41,782	42,274	28,192	27.1	29	Mar 25, 2025	IFRS
Revision Rate	+3.9%	+9.1%	+10.5%	+9.7%	+9.7%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	159,000	86,000	86,000	58,000	55.8	33.50	Oct 29, 2024	IFRS
Mar, 2025 New	162,000	89,500	90,000	60,500	58.2	45.50	Mar 25, 2025	IFRS
Revision Rate	+1.9%	+4.1%	+4.7%	+4.3%	+4.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	79,486	42,945	42,898	29,390	28.2	30	Apr 30, 2024	IFRS
Oct - Mar, 2024 Guidance	80,190	41,782	42,274	28,192	27.1	29	Mar 25, 2025	IFRS
YoY	+0.9%	-2.7%	-1.5%	-4.1%	-4.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	133,991	68,253	68,207	46,342	44.0	31.50	Apr 27, 2023	IFRS
Mar, 2024	152,871	87,444	87,404	60,822	58.5	45.50	Apr 30, 2024	IFRS
Mar, 2025 Guidance	162,000	89,500	90,000	60,500	58.2	45.50	Mar 25, 2025	IFRS
YoY	+6.0%	+2.4%	+3.0%	-0.5%	-0.5%