Gunma Bank Ltd (JP:8334)
:8334
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Gunma Bank
(8334)
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Rating:76Outperform
Price Target:
¥2,579.00
▲(42.37% Upside)
Action:ReiteratedDate:03/28/26
The score is driven primarily by solid financial performance (revenue growth, profitability, and improved ROE) tempered by weaker operating cash flow. Technicals are supportive with the stock above major moving averages and positive momentum. Valuation is a further positive given the low P/E and moderate dividend yield.
Positive Factors
Strong revenue growth
A near-39% year-over-year revenue increase indicates durable expansion of core banking activities—loan originations, fee income, or securities returns. Sustained top-line growth strengthens the earnings base, supports capital accumulation and allows reinvestment into branches and digital channels over the medium term.
Negative Factors
Weak cash conversion
Earnings not converting into operating cash flow and negative free cash flow create a structural liquidity concern. Over months, weak cash conversion limits the bank's ability to self-fund loan growth, maintain dividends, or absorb shocks, increasing reliance on external financing or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
A near-39% year-over-year revenue increase indicates durable expansion of core banking activities—loan originations, fee income, or securities returns. Sustained top-line growth strengthens the earnings base, supports capital accumulation and allows reinvestment into branches and digital channels over the medium term.
Read all positive factors
Gunma Bank (8334) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥865.29B
Dividend Yield3.14%
Average Volume (3M)1.14M
Price to Earnings (P/E)9.7
Beta (1Y)1.10
Revenue Growth15.77%
EPS Growth27.55%
CountryJP
Employees2,983
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)44.71
Shares Outstanding395,888,180
10 Day Avg. Volume961,470
30 Day Avg. Volume1,136,676
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)0.84
Price to Sales (P/S)2.20
P/FCF Ratio-0.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,600.00Price Target Upside43.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)170.5
Revenue Forecast (FY)¥131.60B
Gunma Bank Business Overview & Revenue Model
Company Description
The Gunma Bank, Ltd. provides various banking and financial products and services in Japan. The company engages in the fund management activities, including investment in securities and funding in the call market; and accepting deposits and negoti...
How the Company Makes Money
Gunma Bank’s earnings are primarily generated through (1) net interest income and (2) non-interest (fee-based) income, alongside (3) gains/losses from its securities and other financial activities.
1) Net interest income (core banking spread)
- T...
Gunma Bank Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 223.45B | 215.99B | 196.41B | 174.53B | 143.96B | 138.91B |
| Gross Profit | 171.93B | 163.25B | 155.87B | 158.00B | 134.59B | 114.49B |
| EBITDA | 65.36B | 67.70B | 49.17B | 45.47B | 46.65B | 26.30B |
| Net Income | 46.80B | 43.90B | 31.13B | 27.93B | 26.44B | 13.50B |
Balance Sheet | ||||||
| Total Assets | 10.63T | 10.56T | 10.82T | 10.66T | 11.15T | 10.62T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.28T | 1.84T | 1.83T | 2.65T | 2.33T |
| Total Debt | 1.18T | 1.10T | 1.65T | 1.02T | 4.17T | 3.65T |
| Total Liabilities | 10.05T | 9.99T | 10.25T | 10.15T | 10.62T | 10.07T |
| Stockholders Equity | 579.50B | 562.94B | 573.09B | 515.81B | 529.25B | 548.09B |
Cash Flow | ||||||
| Free Cash Flow | -603.17B | -603.17B | 22.76B | -661.97B | 453.61B | 1.98T |
| Operating Cash Flow | -597.11B | -597.11B | 27.10B | -656.17B | 459.59B | 1.99T |
| Investing Cash Flow | 54.96B | 54.96B | 411.00B | -153.32B | -127.81B | -498.37B |
| Financing Cash Flow | -32.30B | -32.30B | -13.53B | -8.07B | -9.28B | -5.16B |
Gunma Bank Technical Analysis
Positive
1811.50
Price Trends
2125.86
Positive
1932.66
Positive
1681.25
Positive
Market Momentum
51.66
Negative
58.12
Neutral
71.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8334, the sentiment is Positive. The current price of 1811.5 is below the 20-day moving average (MA) of 2166.70, below the 50-day MA of 2125.86, and above the 200-day MA of 1681.25, indicating a bullish trend. The MACD of 51.66 indicates Negative momentum. The RSI at 58.12 is Neutral, neither overbought nor oversold. The STOCH value of 71.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8334.
Gunma Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥547.49B | 9.62 | ― | 3.15% | 12.71% | 71.94% | |
76 Outperform | ¥865.29B | 9.65 | 8.19% | 3.14% | 15.77% | 27.55% | |
70 Outperform | ¥956.28B | 10.74 | 6.30% | 2.87% | 14.57% | 100.81% | |
70 Outperform | ¥579.78B | 9.42 | ― | 3.21% | 19.82% | 29.59% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥963.92B | 8.76 | ― | 2.10% | 1.39% | 52.58% | |
64 Neutral | ¥1.17T | 11.66 | ― | 2.00% | 18.45% | 41.89% |
* Financial Sector Average
JP:8334
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Gunma Bank Corporate Events
Gunma Bank and Daishi Hokuetsu to Form Major Regional Financial Group via Share Exchange
Mar 26, 2026
Gunma Bank and Daishi Hokuetsu Financial Group have agreed to a business integration via a share exchange, forming a new regional financial group that aims to rank among Japan’s top regional banks in both scale and management quality. The de...
Gunma Bank Rejects Media Speculation, Sets Date for Integration Decision with Daishi Hokuetsu
Mar 25, 2026
The Gunma Bank, Ltd. said recent media reports about a potential business integration with DAISHI HOKUETSU Financial Group, Inc. are not based on any announcement from the bank itself. The clarification seeks to temper market speculation and ensur...
Gunma Bank Revamps Top Leadership, Appoints Two New Deputy Presidents
Feb 25, 2026
The Gunma Bank has announced a planned reshuffle of its top management, appointing Senior Managing Directors Akihiro Goto and Takeo Uchibori as Deputy Presidents and Representative Directors following the expiration of current officers’ term...
Gunma Bank Lifts Nine-Month Profit, Nears Full-Year Target Ahead of Schedule
Feb 3, 2026
Gunma Bank reported strong results for the nine months ended December 2025, with profit attributable to owners of parent rising to 44.7 billion yen, an increase of 12.9 billion yen year-on-year and already 81.4% of its 55 billion yen full-year tar...
Gunma Bank Posts Strong Nine-Month Earnings, Affirms Full-Year Forecasts and Higher Dividends
Feb 3, 2026
Gunma Bank reported solid consolidated results for the nine months ended December 31, 2025, with ordinary income of ¥199.3 billion, up 19.8% year on year, ordinary profit of ¥65.1 billion, up 44.5%, and profit attributable to owners of p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.