Japan Exchange Group raises full-year earnings and dividend forecasts

Japan Exchange Group (JPX) announced a revision to its consolidated earnings and dividend forecasts for the fiscal year ending March 31, 2026. The revised forecast for net income attributable to owners of the parent company increased to 64,500 million yen, up from the previous forecast of 55,500 million yen, while operating revenue is now projected at 175,000 million yen, a rise from 161,000 million yen. Basic earnings per share are also expected to increase from 53.74 yen to 62.60 yen.

These upward revisions are attributed to updated market assumptions, including an increase in the average daily trading value for stocks to 6 trillion yen (up 1 trillion yen) and adjustments to futures and options contract volumes. Specifically, the forecast assumes 44,000 contracts for 10-year JGB Futures (down 6,000), 87,000 contracts for TOPIX Futures (down 4,000), and 148,000 contracts for Nikkei 225 Futures (down 22,000). Nikkei 225 Options remain unchanged at 24 billion yen.

In line with the improved earnings forecast, JPX has also revised its full-year dividend forecast per share to 50.00 yen, an increase from the previously projected 43.00 yen. This includes a second-quarter dividend of 25.00 yen and a year-end dividend of 25.00 yen. The company's dividend policy targets a payout ratio of at least 60% linked to business performance.