Japan Exchange Group Inc
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥8,378.00 | Pyjw | Dkgvdjkm |
Japan Exchange Group Lifts Guidance on Higher Volume; Special Dividend Announced
With a week remaining before the close of fiscal 2022 at the end of March for Japan Exchange Group, the wide-moat exchange lifted its earnings and dividend guidance on higher market trading volume in the fourth quarter. Operating revenue guidance was increased to JPY 135.5 billion from JPY 131 billion while net income is expected to come in at JPY 50.7 billion, compared with JPY 46.7 billion previously. Our more bullish forecasts of JPY 134.8 billion in revenue and JPY 50.1 billion in net income already assumed higher transaction volume for the year, and our fair value estimate of JPY 2,300 is unchanged.