Added to YB: 2026-04-22
Pitch date: 2026-04-21
8707.T [bullish]
IwaiCosmo Holdings, Inc.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
IwaiCosmo Holdings, Inc., together with its subsidiaries, provides financial services using information technology in Japan.
Market Cap
JPY 84.7B
Pitch Price
N/A
Price Target
N/A
Dividend
6.24%
EV/EBITDA
N/A
P/E
8.11
EV/Sales
N/A
Sector
Capital Markets
Category
value
6. Iwai Cosmo Securities (8707.T)
8707.T: Osaka retail broker at US$563M mcap, 8.4x P/E w/ 14.4% ROE (vs peer avg 8-10%). 63% rev from low-risk OTC US equity dealing for Japanese clients. 2025: rev +25.3%, op income +50.4%, EPS ¥445 vs ¥268 prior. AUM ¥2.97T (near 2028 target). 50% payout, selling ¥14B investment portfolio. Tailwind: Japanese households hold $7.5T cash, shifting to US equities via NISA. Target 11-12x P/E = 20%+ annual return w/ 6% yield.
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