Operating revenue for the third quarter of FY2025 was JPY 139,626 million, up 14.8% year-over-year (YoY). Operating income reached JPY 81,308 million, up 17.1%, and net income stood at JPY 54,993 million, up 17.1%.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8697","jir_company_name":"Japan Exchange Group, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-29","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/8697-20260129-02.pdf","jir_short_summary":"Operating revenue for the third quarter of FY2025 was JPY 139,626 million, up 14.8% year-over-year (YoY). Operating income reached JPY 81,308 million, up 17.1%, and net income stood at JPY 54,993 million, up 17.1%.","jir_summary":"### Performance Overview\nFor the third quarter of FY2025, operating revenue was JPY 139,626 million (an increase of 14.8% YoY), operating expenses totaled JPY 59,581 million (up 12.1% YoY), operating income reached JPY 81,308 million (up 17.1% YoY), and net income stood at JPY 54,993 million (up 17.1% YoY). Transaction-related revenue was JPY 54,492 million (up 11.7% YoY), driven by an increase in trading value of stocks and related securities. Clearing-related revenue increased substantially by 41.1% YoY to JPY 36,675 million, reflecting a significant rise in collateral management income relating to interest rate swap transactions. Listing-related, information-related, and system-related revenues also posted increases. Operating expenses rose 12.1% YoY, mainly due to higher collateral management costs for interest rate swap transactions and increased expenses associated with the operation of new systems; despite this, operating income increased.\n\n### Market Trends and Outlook\nSupported by a robust Japanese stock market, the daily average trading value of stocks and related securities reached JPY 6.79 trillion (up 20.4% YoY), with volumes on the Prime Market increasing 18.0%. Although derivative trading volumes have decreased partially, overall transaction volumes remain steady. There is no revision to the FY2025 earnings forecast announced on October 29, 2025, with operating revenue expected to be JPY 1.76 trillion, operating income JPY 96.5 billion, and net income JPY 65.0 billion. Dividends are planned at JPY 50.0 per share, with a payout ratio of approximately 80%.","jir_financial_highlights":"Operating Revenue: JPY 139,626 million (14.8% YoY increase)\nOperating Expenses: JPY 59,581 million (12.1% YoY increase)\nOperating Income: JPY 81,308 million (17.1% YoY increase)\nNet Income: JPY 54,993 million (17.1% YoY increase)\nTransaction-related Revenue: JPY 54,492 million (11.7% YoY increase)\nClearing-related Revenue: JPY 36,675 million (41.1% YoY increase)\nListing-related Revenue: JPY 12,583 million (2.3% YoY increase)\nInformation-related Revenue: JPY 24,843 million (3.7% YoY increase)\nSystem-related Revenue: JPY 10,336 million (3.7% YoY increase)","jir_category":"","jir_hashtags":"#JapanExchangeGroup, #FinancialResults, #JapaneseStocks","jir_key_figures":"Operating Revenue: JPY 139,626 million (14.8% YoY increase)\nOperating Income: JPY 81,308 million (17.1% YoY increase)\nNet Income: JPY 54,993 million (17.1% YoY increase)","jir_meta_title":"Japan Exchange Group FY2025 Third Quarter Results: Operating Revenue Up 14.8%, Operating Income Up 17.1%","jir_meta_description":"Japan Exchange Group announces robust FY2025 Q3 financial results with operating revenue of JPY 139,626 million (up 14.8% YoY), operating income of JPY 81,308 million (up 17.1%), and net income of JPY 54,993 million (up 17.1%).","jir_og_title":"Japan Exchange Group FY2025 Third Quarter Financial Overview","jir_og_description":"FY2025 Q3 operating revenue increased 14.8% YoY to JPY 139,626 million and operating income rose 17.1% YoY to JPY 81,308 million, reflecting solid financial performance.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Revenue Trend (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 3Q\\\",\\\"FY2025 3Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Revenue\\\",\\\"data\\\":[121591,139626],\\\"backgroundColor\\\":\\\"#b71c1c\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Income Trend (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 3Q\\\",\\\"FY2025 3Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[69441,81308],\\\"backgroundColor\\\":\\\"#b71c1c\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"net_profit_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Net Income Trend (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 3Q\\\",\\\"FY2025 3Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income\\\",\\\"data\\\":[46967,54993],\\\"backgroundColor\\\":\\\"#b71c1c\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Revenue Breakdown (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Transaction-related Revenue\\\",\\\"Clearing-related Revenue\\\",\\\"Listing-related Revenue\\\",\\\"Information-related Revenue\\\",\\\"System-related Revenue\\\",\\\"Other Operating Revenue\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"FY2024 3Q\\\",\\\"data\\\":[48799,25993,12304,23950,9968,575],\\\"backgroundColor\\\":\\\"#9e9e9e\\\"},{\\\"label\\\":\\\"FY2025 3Q\\\",\\\"data\\\":[54492,36675,12583,24843,10336,695],\\\"backgroundColor\\\":\\\"#b71c1c\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"expense_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Expenses Trend (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2024 3Q\\\",\\\"FY2025 3Q\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Expenses\\\",\\\"data\\\":[53128,59581],\\\"backgroundColor\\\":\\\"#b71c1c\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}]","ir_related_company":7414,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-21524","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n