Yamagata Bank, Ltd. (JP:8344)
:8344
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Yamagata Bank, Ltd.
(8344)
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Rating:67Neutral
Price Target:
¥3,640.00
▲(76.70% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by mixed financial performance: a strong earnings rebound is offset by weak and volatile cash flow (including recent negative free cash flow) and modest returns on equity. Technicals add support due to a strong uptrend and positive momentum, while valuation is moderately attractive with a reasonable P/E and a ~2.9% dividend yield.
Positive Factors
Improved Profitability
A material increase in revenue (~28%) and net income to ~6.5B indicates the franchise has recently strengthened core earnings generation. Sustained higher profitability improves internal capital accumulation, supports provisioning through cycles, and enhances the bank's ability to invest in branches and digital services over the next 2–6 months.
Negative Factors
Weak Cash Conversion
Negative free cash flow while reporting profit signals earnings are not reliably converting to cash. This undermines the bank's ability to self-fund loan growth, dividends, or reserve build-outs without tapping liquidity or raising funding, creating longer-term pressure on financial flexibility and capital deployment choices.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
A material increase in revenue (~28%) and net income to ~6.5B indicates the franchise has recently strengthened core earnings generation. Sustained higher profitability improves internal capital accumulation, supports provisioning through cycles, and enhances the bank's ability to invest in branches and digital services over the next 2–6 months.
Read all positive factors
Yamagata Bank, Ltd. (8344) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥103.15B
Dividend Yield2.89%
Average Volume (3M)70.19K
Price to Earnings (P/E)16.1
Beta (1Y)0.89
Revenue Growth23.58%
EPS Growth50.21%
CountryJP
Employees1,175
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)139.36
Shares Outstanding32,216,114
10 Day Avg. Volume71,230
30 Day Avg. Volume70,193
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.49
Price to Sales (P/S)1.21
P/FCF Ratio-69.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Yamagata Bank, Ltd. Business Overview & Revenue Model
Company Description
Operating extensively throughout Japan, The Yamagata Bank, Ltd. delivers a diverse range of financial products and services. Its business is organized into three primary segments: Banking, Leasing, and Credit Guarantee. The bank's core activities ...
How the Company Makes Money
Yamagata Bank makes money primarily through a traditional banking model. The largest recurring source is net interest income: it takes in customer deposits and other funding at relatively low interest rates and extends loans (e.g., to households a...
Yamagata Bank, Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.83B | 61.31B | 50.44B | 52.60B | 48.60B | 41.55B |
| Gross Profit | 47.83B | 52.15B | 45.31B | 47.20B | 44.88B | 40.35B |
| EBITDA | 1.29B | 10.75B | 8.38B | 5.35B | 6.88B | 7.23B |
| Net Income | 4.43B | 6.53B | 4.41B | 2.08B | 3.44B | 3.40B |
Balance Sheet | ||||||
| Total Assets | 3.23T | 3.28T | 3.16T | 3.15T | 3.14T | 3.54T |
| Cash, Cash Equivalents and Short-Term Investments | 259.70B | 215.12B | 206.59B | 197.12B | 249.80B | 646.47B |
| Total Debt | 117.20B | 160.81B | 119.01B | 134.47B | 133.21B | 545.66B |
| Total Liabilities | 3.08T | 3.13T | 3.03T | 3.00T | 3.01T | 3.38T |
| Stockholders Equity | 143.60B | 150.44B | 135.82B | 143.63B | 133.55B | 155.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.07B | 7.40B | 0.00 | -471.44B | 445.89B |
| Operating Cash Flow | 0.00 | 5.95B | 10.25B | 0.00 | -469.31B | 450.23B |
| Investing Cash Flow | 0.00 | -111.05B | 56.97B | 94.19B | 75.43B | -194.68B |
| Financing Cash Flow | 0.00 | 93.11B | 40.08B | 12.22B | -1.21B | -1.54B |
Yamagata Bank, Ltd. Technical Analysis
Positive
2060.00
Price Trends
2917.90
Positive
2677.93
Positive
2201.25
Positive
Market Momentum
153.32
Positive
60.86
Neutral
30.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8344, the sentiment is Positive. The current price of 2060 is below the 20-day moving average (MA) of 3253.50, below the 50-day MA of 2917.90, and below the 200-day MA of 2201.25, indicating a bullish trend. The MACD of 153.32 indicates Positive momentum. The RSI at 60.86 is Neutral, neither overbought nor oversold. The STOCH value of 30.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8344.
Yamagata Bank, Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥191.31B | 15.61 | ― | 2.23% | 31.23% | 66.12% | |
71 Outperform | ¥113.44B | 15.13 | ― | 3.35% | 26.63% | 35.24% | |
70 Outperform | ¥178.70B | 16.13 | 3.68% | 2.26% | 23.47% | 44.33% | |
68 Neutral | ¥190.90B | 18.13 | ― | 2.56% | 31.60% | 29.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥103.15B | 16.09 | ― | 2.89% | 23.58% | 50.21% | |
65 Neutral | ¥174.83B | 12.47 | ― | 2.29% | 9.41% | 45.92% |
* Financial Sector Average
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Yamagata Bank, Ltd. Corporate Events
Yamagata Bank Reports No Treasury Share Purchases Yet Under New Buyback Authorization
Jun 1, 2026
The Yamagata Bank, Ltd. reported on the status of its share buyback program authorized under its Articles of Incorporation pursuant to Japan’s Companies Act, allowing the purchase of up to 170,000 common shares, or about 0.55 percent of shar...
Yamagata Bank Launches Share Buyback to Boost Capital Efficiency and Shareholder Returns
May 15, 2026
The Yamagata Bank, Ltd. has approved a new share buyback program under the Companies Act, authorizing the purchase of up to 170,000 common shares, equivalent to 0.55% of its outstanding stock excluding treasury shares. The acquisition, capped at 5...
Yamagata Bank Lifts Year-End Dividend as Payout Policy Shifts
May 15, 2026
The Yamagata Bank has approved an increased year-end dividend of ¥56 per share for the fiscal year ended March 31, 2026, up from the previously forecast ¥50 and more than double the ¥27.5 paid a year earlier. The total dividend payo...
Yamagata Bank Profit Jumps 48% as Dividend Payout Rises Sharply
May 15, 2026
Yamagata Bank reported strong consolidated results for the fiscal year ended March 31, 2026, with ordinary income rising 19.8% to ¥63.3 billion and ordinary profit jumping 39.1% to ¥9.0 billion. Profit attributable to owners of the paren...
Yamagata Bank Launches Share Buyback to Boost Capital Efficiency and Shareholder Returns
May 15, 2026
Yamagata Bank’s board has approved a share buyback program under its Articles of Incorporation, authorizing the purchase of up to 170,000 common shares, or about 0.55% of its outstanding stock, for a maximum of ¥500 million through mark...
Yamagata Bank Doubles Annual Dividend as Progressive Payout Policy Takes Hold
May 15, 2026
The Yamagata Bank, Ltd. has resolved to increase its year-end dividend for the fiscal year ended March 31, 2026 to ¥56 per share, up from the previously forecast ¥50 and more than double the prior year’s ¥27.5. This brings tot...
Yamagata Bank Delivers Strong FY2025 Earnings and Sharp Dividend Hike
May 15, 2026
Yamagata Bank reported strong consolidated results for the fiscal year ended March 31, 2026, with ordinary income up 19.8% to ¥63.3 billion and profit attributable to owners rising 48.0% to ¥6.53 billion. Profitability indicators improve...
Yamagata Bank to Dissolve Securities Subsidiary Yamagin Capital
Mar 30, 2026
The Yamagata Bank, Ltd. has decided to dissolve its subsidiary Yamagin Capital Co., Ltd., a securities acquisition, holding, and sales company established in 1996 and based in Yamagata City. The bank and its group firms together held a minority st...
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.