Japan Exchange Group Inc
8697: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥4,522.00 | Fcdy | Ztxyshzf |
Japan Exchange Group Earnings: Positive Outlook as Japanese Stock Market Rises
We increased our fair value estimate by 4% to JPY 2,520 per share after wide-moat-rated Japan Exchange Group, or JPX, posted positive third-quarter results. In the first nine months of fiscal 2023, operating revenue totaled JPY 112 billion, and operating income reached JPY 66 billion, 11%, and 28%, respectively, increases compared with the previous corresponding period. While the cumulative three-quarter results are tracking ahead, the company maintained its full-year earnings guidance.