First Bank of Toyama Ltd. (7184) AI Stock Analysis

• Market Cap: ¥141.45B
• Dividend Yield: 2.63%
• Average Volume (3M): 198.25K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.21
• Revenue Growth: 23.55%
• EPS Growth: -21.15%
• Country: JP
• Employees: 611
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 38.02
• Shares Outstanding: 64,309,700
• 10 Day Avg. Volume: 146,740
• 30 Day Avg. Volume: 198,253
• PEG Ratio: 0.04
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 1.54
• P/FCF Ratio: 15.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ¥2,486.00 ▲(36.97% Upside)

The score is driven primarily by strong financial performance (profitability, growth, and improving leverage), supported by reasonable valuation. Technicals are trend-positive but capped by extreme overbought signals (very high RSI/Stoch), which raise near-term risk.

Positive Factors

Revenue Growth

Sustained top-line growth, including a notable jump into 2025, indicates expanding lending and fee activity. Over 2-6 months this supports a larger earning asset base, stronger interest income, and greater capacity to absorb credit costs while funding strategic initiatives.

Balance Sheet Strength

Improving leverage and a rising equity base enhance financial resilience and regulatory buffers. Strong capital metrics support continued lending, reduce insolvency risk, and provide long-term flexibility for growth or stress scenarios in a regional banking context.

Improving Cash Generation

Recent recovery in operating and free cash flow enhances the bank's ability to fund operations, pay dividends, and rebuild reserves without relying on external financing. If sustained, this underpins durable profitability and capital allocation choices.

Negative Factors

Cash Flow Volatility

Historic swings in operating cash undermine predictability of funding and reserving decisions. Continued volatility complicates long-term planning for loan growth, provisioning and dividends, increasing the need for excess capital or conservative liquidity buffers.

Declining EPS Trend

Material negative EPS growth signals earnings pressure despite revenue gains; this may reflect margin compression, higher expenses, or one-off impacts. Persistent EPS weakness can constrain reinvestment, dividend sustainability, and investor confidence over the medium term.

Regional Concentration

A concentrated regional franchise limits geographic and sector diversification, making earnings sensitive to local economic cycles. Smaller scale and local focus can restrict diversification of fee income and increase exposure to regional credit stress over time.

First Bank of Toyama Ltd. Business Overview & Revenue Model

Company Description

The First Bank Of Toyama, Ltd. provides banking and financial services for individual, corporate, and business customers. It offers general accounts; savings, foreign currency, time, periodic, and other deposits; housing, auto, education, remodeling, free, and card loans; investment trust; public bonds; brokerage products; pension and insurance products; and Internet banking services. The company operates 66 branches. The First Bank Of Toyama, Ltd. was founded in 1944 and is headquartered in Toyama, Japan.

How the Company Makes Money

First Bank of Toyama generates revenue primarily through interest income from loans and advances made to individuals and businesses. This is complemented by fees from various banking services, such as account maintenance, transaction fees, and advisory services. The bank also earns income from investment activities, including returns on securities and other financial instruments. Additionally, partnerships with local businesses and government entities enable the bank to offer specialized financing solutions, which further contribute to its revenue streams. The bank's focus on regional economic development fosters customer loyalty and enhances its market share, creating a stable foundation for its earnings.

First Bank of Toyama Ltd. Financial Statement Overview

Summary

Strong profitability and revenue growth (income statement score 80) with a solid and improving capital/leverage profile (balance sheet score 75). Cash flow is improving but has been historically volatile (cash flow score 70), tempering the overall financial strength.

Income Statement

The income statement shows strong growth, with a consistent increase in total revenue over the years, especially a significant jump from 2024 to 2025. Gross Profit Margin remains high, indicating efficient cost management. Net Profit Margin has improved substantially, suggesting enhanced profitability. The EBIT Margin reflects operational efficiency, and the EBITDA Margin remains robust. Overall, the company demonstrates a positive revenue growth trend and solid profitability metrics.

Balance Sheet

The balance sheet reflects a solid equity base, with Stockholders' Equity steadily increasing. The Debt-to-Equity Ratio has decreased, indicating improved financial leverage and reduced risk. Return on Equity is strong, showcasing effective use of equity to generate profits. The Equity Ratio is healthy, emphasizing a stable capital structure. Despite the positive aspects, maintaining a low Total Debt is crucial for sustained financial health.

Cash Flow

Cash flow statement analysis reveals significant fluctuations in operating cash flow, with notable negative figures in prior years turning positive recently. Free Cash Flow shows recovery, aligning with operational improvements. The Operating Cash Flow to Net Income Ratio suggests improving cash generation efficiency. However, past volatility highlights the need for consistent cash flow generation. Overall, recent trends indicate improvement, but historical volatility poses a risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	40.25B	47.47B	37.66B	34.28B	27.36B	28.41B
Gross Profit	40.25B	46.22B	37.48B	34.11B	27.17B	28.12B
EBITDA	9.73B	20.14B	9.90B	7.05B	5.93B	4.58B
Net Income	10.29B	13.35B	5.28B	4.20B	3.49B	2.29B
Balance Sheet
Total Assets	1.61T	1.59T	1.58T	1.49T	1.47T	1.43T
Cash, Cash Equivalents and Short-Term Investments	0.00	80.71B	68.64B	74.90B	55.07B	75.00B
Total Debt	10.08B	19.81B	53.18B	23.96B	63.41B	61.65B
Total Liabilities	1.45T	1.44T	1.42T	1.36T	1.35T	1.31T
Stockholders Equity	158.60B	152.52B	148.68B	115.12B	114.07B	111.63B
Cash Flow
Free Cash Flow	0.00	4.71B	7.21B	-24.09B	-4.79B	-21.54B
Operating Cash Flow	0.00	5.66B	8.20B	-23.70B	-4.27B	-21.10B
Investing Cash Flow	0.00	11.18B	-12.51B	46.04B	-14.57B	29.63B
Financing Cash Flow	0.00	-2.59B	-2.04B	-1.98B	-800.00M	-826.00M

First Bank of Toyama Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1815.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7184, the sentiment is Positive. The current price of 1815 is below the 20-day moving average (MA) of 2132.50, below the 50-day MA of 1896.92, and above the 200-day MA of 1351.69, indicating a bullish trend. The MACD of 126.52 indicates Positive momentum. The RSI at 60.66 is Neutral, neither overbought nor oversold. The STOCH value of 24.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7184.

First Bank of Toyama Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7350	82 Outperform	¥112.05B	11.98	―	2.71%	15.37%	35.08%
7322	75 Outperform	¥130.10B	13.78	―	2.96%	14.85%	21.17%
7184	73 Outperform	¥141.45B	13.88	―	2.63%	23.55%	-21.15%
8393	72 Outperform	¥130.14B	11.25	―	2.29%	13.93%	54.44%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8337	66 Neutral	¥117.42B	13.72	―	0.58%	15.03%	16.66%
8343	63 Neutral	¥90.72B	10.48	―	3.35%	15.96%	81.27%

First Bank of Toyama Ltd. Corporate Events

First Bank of Toyama Reports Decline in Financial Results but Increases Dividends

The First Bank of Toyama reported a decline in its consolidated financial results for the six months ending September 30, 2025, with ordinary income, ordinary profit, and profit attributable to owners of the parent all showing significant decreases compared to the previous year. Despite the downturn, the bank’s equity-to-asset ratio improved slightly, and it announced an increase in annual dividends per share, reflecting a commitment to shareholder returns.

The most recent analyst rating on (JP:7184) stock is a Buy with a Yen1694.00 price target. To see the full list of analyst forecasts on First Bank of Toyama Ltd. stock, see the JP:7184 Stock Forecast page.