Japan Exchange Group to cancel treasury shares after strong Q2 growth

Japan Exchange Group, Inc. has announced the cancellation of 12,793,030 common treasury shares, representing 1.22% of its total issued shares, effective November 12, 2025. This action will result in 1,031,785,336 shares outstanding. The decision follows a strong performance in the six months ended September 30, 2025, where consolidated operating revenue rose 9.2% year-on-year to JPY 89,322 million, and operating income increased 7.5% to JPY 51,279 million.

Net income attributable to owners of the parent company also grew by 6.9% to JPY 34,553 million. This positive momentum led Japan Exchange Group to revise its FY2025 consolidated earnings forecast, with expected operating revenue increasing to JPY 176,000 million and net income to JPY 65,000 million. Trading services revenue was a key driver, increasing 3.8% to JPY 34,767 million, primarily due to higher cash equity trading values.

Clearing services revenue surged 32.1% to JPY 23,059 million, boosted by revenue from deposited collateral assets related to interest rate swap transactions. Despite increased operating expenses, up 11.1% to JPY 38,917 million, the overall financial health of the group remains strong, supporting its dividend policy with a target payout ratio of at least 60%.