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Japanese infrastructure company providing securities financing — margin lending and stock lending — to brokers and exchanges.
Japanese infrastructure company providing securities financing — margin lending and stock lending — to brokers and exchanges.
Lends cash and shares to securities firms so their margin-trading customers can buy or short stocks, and earns the gap between its funding cost and what it charges, plus fees on stock loans. Volumes move with retail trading activity. It is one of a small group of licensed securities finance firms.
In one line: A securities-lending utility with no direct US-listed peer.
Moat: wide (regulatory licence, network effects). Quasi-utility role in Japan's margin-trading system, licensed and structurally hard to replicate.
Headquarters: Tokyo, Japan · Founded: 1950 · Employees: 279
Size Japan Securities Finance (8511.T) is a Japan Financials company (Investment Banks/Brokers) with a market value of $1.02B, the 732nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,011 on 6 Nov 2026.
Performance Over six months the shares fell 6.5%, against -12.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 73.4% over the last twelve months (peer median +14.9%); the operating margin is 82.1% (peer median 30.6%).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥124B | ¥110B | ¥60.1B | ¥50.3B | ¥42.5B |
| Revenue growth | — | +84% | +20% | +18% | — |
| Gross profit | ¥110B | ¥96.8B | ¥50.7B | ¥30.7B | ¥28.4B |
| EBITDA | ¥102B | ¥87.5B | ¥39.7B | ¥20.8B | ¥14.1B |
| Net income | ¥12.2B | ¥10.6B | ¥10.4B | ¥8.03B | ¥5.97B |
| Free cash flow | n/a | -¥30.1B | -¥518B | -¥995B | ¥494B |
| Capital expenditure | n/a | ¥281M | ¥257M | ¥140M | ¥638M |
| Total debt | ¥11.3T | ¥12.0T | ¥11.0T | ¥9.70T | ¥8.62T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8511.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.5% | -5.5% | 6th lowest of 21 |
| 6-month return | -6.5% | -12.4% | 9th highest of 21 |
| Distance from 52-week high | -22.6% | -26.9% | 8th highest of 21 |
| Revenue growth (TTM) | +73.4% | +14.9% | 4th highest of 21 |
| Operating margin | 82.1% | 30.6% | 3rd highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Japan Securities Finance 8511.T | Japan | $1.02B | -6% | +73% | 82% | n/a | n/a | n/a |
| Indian Energy Exchange IEX.NS | India | $1.03B | -18% | +13% | 80% | n/a | n/a | n/a |
| Gielda Papierow Wartosciowych w Warszawie GPW.WA | Poland | $1.04B | +19% | +22% | 34% | n/a | n/a | n/a |
| Yuanta Futures 6023.TWO | Taiwan | $1.07B | -9% | +10% | -22% | n/a | n/a | n/a |
| Canaccord Genuity CF.TO | Canada | $1.08B | +17% | +32% | 12% | n/a | n/a | n/a |
| Oppenheimer OPY | United States | $963M | -5% | +14% | 12% | n/a | n/a | n/a |
| Gold.com GOLD | United States | $1.09B | -17% | +132% | 1% | n/a | n/a | n/a |
| Flow Traders FLOW.AS | Netherlands | $1.13B | -20% | -4% | 43% | n/a | n/a | n/a |
| DAOU TECHNOLOGY 023590.KS | South Korea | $919M | -35% | +134% | 6% | n/a | n/a | n/a |
| JM Financial JMFINANCIL.NS | India | $1.13B | -22% | +1% | 32% | n/a | n/a | n/a |
| Tokai Tokyo Financial 8616.T | Japan | $1.14B | +2% | +16% | 18% | n/a | n/a | n/a |
| IIFL Capital Services IIFLCAPS.NS | India | $1.17B | 0% | +8% | 25% | n/a | n/a | n/a |
| OSL 0863.HK | Hong Kong | $1.19B | -20% | +12,274% | -2% | n/a | n/a | n/a |
| Daishin Securities 003540.KS | South Korea | $868M | -44% | +44% | 53% | n/a | n/a | n/a |
| M&A Capital Partners 6080.T | Japan | $855M | +32% | +12% | 38% | n/a | n/a | n/a |
| Ruida Futures 002961.SZ | China | $1.22B | -21% | -51% | 82% | n/a | n/a | n/a |
| Edelweiss Financial Services EDELWEISS.NS | India | $1.28B | +6% | +16% | 11% | n/a | n/a | n/a |
| Nihon M&A Center 2127.T | Japan | $1.28B | -7% | +5% | 36% | n/a | n/a | n/a |
| Bright Smart Securities & Commodities 1428.HK | Hong Kong | $1.28B | -51% | -2% | 67% | n/a | n/a | n/a |
| JSW JSWHL.NS | India | $1.29B | -16% | +55% | 94% | n/a | n/a | n/a |
| Okasan Securities 8609.T | Japan | $1.33B | +5% | +36% | 29% | n/a | n/a | n/a |