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← CockpitCompetitor Analysis › 8609.T Okasan Securities Group Inc.Open in the cockpit ↗

Okasan Securities Group Inc.8609.TCompetitor analysis, valuation and peers

Japan · JPY·Financials›Investment Banks/Brokers

Japanese securities brokerage offering retail and wholesale equity, bond and wealth management services.

≈ A mid-size Japanese regional brokerageMomentum weak 24
Mkt cap
$1.33B
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$4.16M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
n/a
WACC 7.0%
Hurdle
n/a
no reverse DCF
Next earnings
90 days
4 Feb 2027
Close · JPY¥948
1D-4.5%
1W-10.3%
1M-23.3%
3M-16.2%
6M+4.9%
YTD+26.1%
1Y+37.0%
ATR %4.3%
52w lowhigh25.8% off high

What Okasan Securities does

Japanese securities brokerage offering retail and wholesale equity, bond and wealth management services.

In one line: A mid-size Japanese regional brokerage.

Products and services

  • Retail brokerage
  • Underwriting/investment banking
  • Wealth management

Customers

  • Retail investors
  • Corporate issuers

Where it sits in the supply chain

  • Financials
  • Securities brokerage
  • Retail/wholesale brokerage…

What could go right

  • Retail equity trading and NISA growth

What could go wrong

  • Fee competition from online brokers

Moat: none (brand, distribution). Mid-tier brokerage competing against larger, better-capitalized securities firms.

Headquarters: Tokyo, Japan · Founded: 1944 · Employees: 3,472

Named competitors

Okasan Securities at a glance

Size Okasan Securities (8609.T) is a Japan Financials company (Investment Banks/Brokers) with a market value of $1.33B, the 616th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥948 on 6 Nov 2026.

Performance Over six months the shares gained 4.9%, against -12.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 35.9% over the last twelve months (peer median +15.0%); the operating margin is 28.9% (peer median 29.9%).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 20268609.T 105Peer median 89
Six months, rebased to 100: Okasan Securities against the median of its 20 peers (local-currency closes).

Okasan Securities financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥115B¥102B¥84.3B¥86.4B¥66.8B
Revenue growth—+21%-3%+29%—
Gross profit¥107B¥94.8B¥79.0B¥81.3B¥62.5B
EBITDA¥36.9B¥28.4B¥18.2B¥20.7B¥4.30B
Net income¥26.9B¥21.4B¥11.7B¥13.2B¥530M
Free cash flown/a¥41.0B¥132B-¥91.2B-¥31.0B
Capital expendituren/a¥3.54B¥3.53B¥1.72B¥7.79B
Total debt¥130B¥149B¥173B¥179B¥177B

Quarterly statements and history in the cockpit →

Okasan Securities competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%+10%JSWHL14282127EDELWEISS0029610863AMTDIIFLCAPS8616JMFINANCILFLOW8628GOLD0290TOPCF6023GPWIEX85118609.T6-month return →1-month return →
Up and to the right = strong over both horizons. Okasan Securities is the large dot.

Okasan Securities competitors and peer comparison

Head to head with its named competitors (8609.T vs 8601.T vs 8604.T vs 8616.T)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Okasan Securities 8609.T$1.33B+5%+36%29%n/an/a
Daiwa Securities 8601.T$14.0B+11%+18%17%n/an/a
Nomura 8604.T$26.5B+15%+12%12%n/an/a
Tokai Tokyo Financial 8616.T$1.14B+2%+16%18%n/an/a

How Okasan Securities compares with its peers

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.

Okasan Securities against its 20 peers (data as of 6 Nov 2026)
Measure8609.TPeer medianRank in peer set
1-month return-23.3%-5.5%2nd lowest of 21
6-month return+4.9%-12.4%6th highest of 21
Distance from 52-week high-25.8%-28.3%11th highest of 21
Revenue growth (TTM)+35.9%+15.0%7th highest of 21
Operating margin28.9%29.9%11th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Okasan Securities 8609.TJapan$1.33B+5%+36%29%n/an/an/a
JSW JSWHL.NSIndia$1.29B-16%+55%94%n/an/an/a
Bright Smart Securities & Commodities 1428.HKHong Kong$1.28B-51%-2%67%n/an/an/a
Nihon M&A Center 2127.TJapan$1.28B-7%+5%36%n/an/an/a
Edelweiss Financial Services EDELWEISS.NSIndia$1.28B+6%+16%11%n/an/an/a
Ruida Futures 002961.SZChina$1.22B-21%-51%82%n/an/an/a
OSL 0863.HKHong Kong$1.19B-20%+12,274%-2%n/an/an/a
AMTD IDEA Group Sponsored ADR AMTDUnited States$1.50B-52%+14%27%n/an/an/a
IIFL Capital Services IIFLCAPS.NSIndia$1.17B0%+8%25%n/an/an/a
Tokai Tokyo Financial 8616.TJapan$1.14B+2%+16%18%n/an/an/a
JM Financial JMFINANCIL.NSIndia$1.13B-22%+1%32%n/an/an/a
Flow Traders FLOW.ASNetherlands$1.13B-20%-4%43%n/an/an/a
Matsui Securities 8628.TJapan$1.61B+7%+47%47%n/an/an/a
Gold.com GOLDUnited States$1.09B-17%+132%1%n/an/an/a
GoFintech Quantum Innovation 0290.HKHong Kong$1.62B-82%+108%26%n/an/an/a
TOP Financial TOPUnited States$1.64B+93%-41%-14%n/an/an/a
Canaccord Genuity CF.TOCanada$1.08B+17%+32%12%n/an/an/a
Yuanta Futures 6023.TWOTaiwan$1.07B-9%+10%-22%n/an/an/a
Gielda Papierow Wartosciowych w Warszawie GPW.WAPoland$1.04B+19%+22%34%n/an/an/a
Indian Energy Exchange IEX.NSIndia$1.03B-18%+13%80%n/an/an/a
Japan Securities Finance 8511.TJapan$1.02B-6%+73%82%n/an/an/a

Questions

Who are Okasan Securities's main competitors?
Named competitors: Daiwa Securities (8601.T), Nomura Holdings (8604.T), Tokai Tokyo Financial (8616.T). The cockpit's measured peer set (industry) also includes JSW (JSWHL.NS), Bright Smart Securities & Commodities (1428.HK), Nihon M&A Center (2127.T), Edelweiss Financial Services (EDELWEISS.NS), Ruida Futures (002961.SZ), OSL (0863.HK).
How has Okasan Securities stock performed?
Over six months to 6 Nov 2026 the shares returned +4.9% against -12.4% for the median peer; over one year +37.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.