The first-quarter results for Japan Exchange Group, Inc. (TSE:8697) were released last week, making it a good time to revisit its performance. The result was positive overall – although revenues of JP¥43b were in line with what the analysts predicted, Japan Exchange Group surprised by delivering a statutory profit of JP¥16.42 per share, modestly greater than expected. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
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TSE:8697 Earnings and Revenue Growth August 1st 2025
Taking into account the latest results, Japan Exchange Group’s three analysts currently expect revenues in 2026 to be JP¥165.9b, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 4.3% to JP¥58.11 in the same period. Before this earnings report, the analysts had been forecasting revenues of JP¥166.0b and earnings per share (EPS) of JP¥58.28 in 2026. The consensus analysts don’t seem to have seen anything in these results that would have changed their view on the business, given there’s been no major change to their estimates.
See our latest analysis for Japan Exchange Group
The analysts reconfirmed their price target of JP¥1,488, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so – it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Japan Exchange Group at JP¥1,540 per share, while the most bearish prices it at JP¥1,410. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Japan Exchange Group is an easy business to forecast or the the analysts are all using similar assumptions.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that revenue is expected to reverse, with a forecast 1.2% annualised decline to the end of 2026. That is a notable change from historical growth of 5.1% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 2.8% per year. It’s pretty clear that Japan Exchange Group’s revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most obvious conclusion is that there’s been no major change in the business’ prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn’t be too quick to come to a conclusion on Japan Exchange Group. Long-term earnings power is much more important than next year’s profits. At Simply Wall St, we have a full range of analyst estimates for Japan Exchange Group going out to 2028, and you can see them free on our platform here..
Don’t forget that there may still be risks. For instance, we’ve identified 1 warning sign for Japan Exchange Group that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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