Toyo Securities Co., Ltd. 8614

Toyo Securities (TSE:8614) posted net profit margins of 23.2%, up from 19.2% last year, with annual earnings growth of 20.6%, slightly below its five-year average of 22.9% per year. The company’s reported results over the past twelve months also reflect a one-off gain of ¥1.6 billion, giving investors another detail to consider. While the price-to-earnings ratio stands at 13.8x, which undercuts peers and the broader industry, the share price of ¥551 sits well above the estimated fair value of...