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

• Market Cap: ¥91.63B
• Dividend Yield: 2.73%
• Average Volume (3M): 198.25K
• Price to Earnings (P/E): 8.9
• Beta (1Y): 1.07
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥1,854.00 ▲(7.54% Upside)

First Bank of Toyama Ltd. is a well-managed regional bank with strong financial performance and technical indicators. The stock is supported by robust income growth, profitability, and a stable balance sheet. Technical analysis shows a bullish trend, while valuation metrics suggest reasonable pricing. Historical cash flow volatility is a minor risk factor.

Positive Factors

Revenue Growth

The company has shown a strong revenue growth rate of 25.33%, indicating successful business expansion and increased market penetration, which is a positive indicator of long-term growth potential.

Balance Sheet Health

A decreasing Debt-to-Equity Ratio suggests improved financial leverage and reduced risk, enhancing the bank's financial stability and ability to withstand economic fluctuations.

Profitability

The substantial improvement in Net Profit Margin indicates enhanced profitability and efficient cost management, contributing to stronger financial performance and sustainability.

Negative Factors

Cash Flow Volatility

Historical volatility in cash flow poses a risk to financial stability, as inconsistent cash generation can impact the bank's ability to fund operations and growth initiatives.

Historical Cash Flow Issues

While recent improvements are noted, past negative cash flow figures highlight potential challenges in maintaining consistent cash generation, which is crucial for long-term financial health.

Operational Risk

The historical volatility in cash flows suggests operational risks that could affect the bank's ability to sustain its financial performance, necessitating careful management and strategic planning.

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

First Bank of Toyama Ltd. demonstrates strong financial performance with robust income growth and profitability, supported by a stable balance sheet and recovering cash flows. The company has effectively managed its cost structure and leverage, enhancing its financial health and stability. However, historical cash flow volatility remains a consideration for future risk assessment.

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: 1724.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 1724 is above the 20-day moving average (MA) of 1615.30, above the 50-day MA of 1519.82, and above the 200-day MA of 1165.49, indicating a bullish trend. The MACD of 68.30 indicates Negative momentum. The RSI at 66.76 is Neutral, neither overbought nor oversold. The STOCH value of 61.02 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	¥95.41B	10.20	―	2.83%	15.37%	35.08%
7184	76 Outperform	¥91.63B	8.90	―	2.73%	23.55%	-21.15%
7322	75 Outperform	¥96.41B	10.88	―	3.12%	14.85%	21.17%
8393	71 Outperform	¥79.14B	7.79	―	2.43%	13.93%	54.44%
8343	70 Outperform	¥68.71B	8.90	―	3.42%	15.96%	81.27%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8337	66 Neutral	¥96.15B	11.23	―	0.62%	15.03%	16.66%

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.

First Bank of Toyama Revises Financial and Dividend Forecasts Upward

The First Bank of Toyama, Ltd. announced an upward revision of its financial results and dividend forecasts for the fiscal year ending March 31, 2026. The bank expects significant increases in both consolidated and non-consolidated earnings due to higher-than-anticipated gains related to securities. Consequently, the annual dividend forecast has been raised from 36.00 yen to 56.00 yen, reflecting the bank’s improved financial performance and its positive impact on shareholders.

First Bank of Toyama Completes Share Buyback

The First Bank of Toyama, Ltd. announced the completion of its acquisition of own shares, purchasing a total of 106,800 shares at a cost of ¥137,131,400 through market purchase. This acquisition is part of a broader strategy approved by the Board of Directors to acquire up to 1,200,000 shares, aiming to enhance shareholder value and optimize capital structure.