Japan Exchange Group Inc

8697: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥‎1,954.00	Mtg	Xxrnjtvxk

Japan Exchange Earnings: A Weakening Yen Supports Strong Results

Roy Van Keulen

May 1, 2024

We raise our fair value estimate for wide-moat Japan Exchange Group by 4% to JPY 2,620 per share, following its full-year results and the continued weakening of the Japanese yen. JPX reported a net income of JPY 62 billion for the year, an increase of 31% over the prior year.

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