Japan Exchange Group (FRA:OSK) Retained Earnings: €1,624.7 Mil (As of Mar. 2026)


FRA:OSK Japan Exchange Group Inc FRA:OSK
86 GF Score
Price €11.80
GF Value €9.78
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Japan Exchange Group Retained Earnings?

Japan Exchange Group FRA:OSK +3.51% 86 Retained Earnings is €1,624.7 Mil as of Mar. 2026. GuruFocus rates FRA:OSK with a GF Score™ of 86/100 and a GF Value™ of €9.78 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Japan Exchange Group's retained earnings for the quarter that ended in Mar. 2026 was €1,624.7 Mil.

Japan Exchange Group's quarterly retained earnings declined from Sep. 2025 (€1,719.5 Mil) to Dec. 2025 (€1,498.4 Mil) but then increased from Dec. 2025 (€1,498.4 Mil) to Mar. 2026 (€1,624.7 Mil).

Japan Exchange Group's annual retained earnings increased from Mar. 2024 (€1,727.6 Mil) to Mar. 2025 (€1,825.4 Mil) but then declined from Mar. 2025 (€1,825.4 Mil) to Mar. 2026 (€1,624.7 Mil).


Japan Exchange Group  (FRA:OSK) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Japan Exchange Group Retained Earnings Historical Data

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The historical data trend for Japan Exchange Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Japan Exchange Group Retained Earnings Chart

Japan Exchange Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,042.82 1,925.26 1,727.62 1,825.44 1,624.72

Japan Exchange Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,825.44 1,685.56 1,719.51 1,498.42 1,624.72
FRA:OSK
86GF Score
Japan Exchange Group Inc FRA:OSK
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Exchange Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of €1,624.7 Mil mean?
Japan Exchange Group (FRA:OSK) has a Retained Earnings of €1,624.7 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Japan Exchange Group and its competitors.
Is Japan Exchange Group's Retained Earnings too high?
Japan Exchange Group's current Retained Earnings is €1,624.7 Mil. Overall, Japan Exchange Group has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Exchange Group's Retained Earnings compare to SPGI and CME?
Japan Exchange Group's Retained Earnings of €1,624.7 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Capital Markets company?
A good Retained Earnings depends on the Capital Markets industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Japan Exchange Group and its competitors. Japan Exchange Group's current Retained Earnings is €1,624.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Exchange Group stock overvalued right now?
Based on GuruFocus' analysis, Japan Exchange Group (FRA:OSK) is currently considered Modestly Overvalued. The stock's GF Value™ is €9.78, compared to a current price of €11.80 — trading 20.7% above its estimated fair value. The current Retained Earnings is €1,624.7 Mil. Japan Exchange Group's overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Japan Exchange Group (FRA:OSK), the current Retained Earnings is €1,624.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Japan Exchange Group (FRA:OSK) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Exchange Group stock appears to be overvalued. The current stock price of €11.80 is trading 20.7% above its estimated GF Value™ of €9.78. GuruFocus considers Japan Exchange Group to be Modestly Overvalued.

Key valuation signals for FRA:OSK:

  • Retained Earnings: €1,624.7 Mil
  • GF Value™: €9.78 vs. price of €11.80 (20.7% above fair value)
  • GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the FRA:OSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Exchange Group Business Description

Address 2-1 Kabutocho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8224
Japan Exchange Group is a vertically integrated securities exchange business, which includes the Tokyo Stock Exchange, Osaka Exchange, and Tokyo Commodity Exchange. JPX ranks among the top five largest stock exchange operators in the world by market capitalization, and its Nikkei 225 and Topix derivatives products are some of the most widely traded derivatives products in the world.
86GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.80
Price
€9.78
GF Value