Shimizu Bank, Ltd. (8364) AI Stock Analysis

• Market Cap: ¥33.89B
• Dividend Yield: 2.59%
• Average Volume (3M): 36.21K
• Price to Earnings (P/E): 13.5
• Beta (1Y): 0.79
• Revenue Growth: 4.90%
• EPS Growth: N/A
• Country: JP
• Employees: 982
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 77.20
• Shares Outstanding: 11,641,318
• 10 Day Avg. Volume: 23,260
• 30 Day Avg. Volume: 36,213
• PEG Ratio: -0.06
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 0.59
• 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: 64 Neutral
• Price Target: ¥3,038.00 ▲(32.84% Upside)
• Action: Reiterated Date: 12/26/25
• Date: Action: Reiterated 12/26/25

Score is driven primarily by improving profitability and strong cash flow generation, tempered by the recent revenue decline and relatively high leverage. Technically, the uptrend is intact but indicators are overbought, while valuation and dividend yield are moderately supportive.

Positive Factors

Strong operating cash generation

A high operating cash flow-to-net-income ratio and robust free cash flow indicate the bank consistently converts earnings into cash. That durable cash generation supports loan funding, deposit stability, dividends, and internal investments without heavy reliance on external financing.

Profitability recovery

Restoring net profitability from a prior loss signals sustained cost control and improved interest/fee income mix. A positive, recovering margin gives management flexibility to rebuild capital buffers, sustain lending and invest in product capabilities over the medium term.

Local franchise with diversified loan and fee income

Deep regional customer relationships, a varied loan book and recurring fee income create a durable competitive moat. Local partnerships and cross-sell capabilities support stable deposit funding, lower acquisition costs and resilient revenue streams versus one-dimensional lenders.

Negative Factors

Elevated leverage

A debt-to-equity ratio of 1.65 signals meaningful leverage for a regional bank. Elevated leverage increases sensitivity to interest-rate and credit shocks, constrains capital flexibility and could force tighter lending or recapitalization under stress, limiting strategic options.

Recent revenue decline and volatility

A recent double-digit revenue decline and history of fluctuation undermine revenue predictability. Persistent top-line volatility complicates planning, weakens earnings visibility and may reflect structural demand shifts or competitive pressures in the bank's lending and fee businesses.

Low margins and modest ROE

Low operating margins and a modest ROE limit the bank's capacity to absorb loan losses, invest in technology, or deliver attractive shareholder returns. Structural efficiency shortfalls reduce scalability and make it harder to compete with larger banks on services and pricing over time.

Shimizu Bank, Ltd. Business Overview & Revenue Model

Company Description

The Shimizu Bank, Ltd. provides various banking services in Japan. The company offers cash calculation, credit guaranteeing, leasing, and credit card services. It also manages real estate properties; and provides personnel delegation services, as well as financial and economic research, and training services. As of March 31, 2021, the company operated a network of 78 branches and 1 sub-branch. The Shimizu Bank, Ltd. was founded in 1928 and is headquartered in Shizuoka, Japan.

How the Company Makes Money

Shimizu Bank generates revenue primarily through the interest spread between the loans it provides to customers and the interest it pays on deposits. This interest income is bolstered by a diverse loan portfolio, which includes personal loans, mortgages, and business loans. Additionally, the bank earns fee income from services such as account maintenance fees, transaction fees, and commissions on investment products. Significant partnerships with local businesses and community organizations enhance its ability to attract customers and promote its financial services, further contributing to its revenue streams.

Shimizu Bank, Ltd. Financial Statement Overview

Summary

Mixed fundamentals: revenue declined 11.75% recently and leverage is elevated (debt-to-equity 1.65), but profitability recovered (net margin 6.80% vs. prior negative) and cash generation is strong (operating cash flow to net income 4.95) with robust free cash flow growth.

Income Statement

Shimizu Bank, Ltd. has shown fluctuating revenue with a recent decline of 11.75% in the latest year. The net profit margin improved to 6.80% from a negative margin in the previous year, indicating a recovery in profitability. However, the EBIT and EBITDA margins remain low, suggesting challenges in operational efficiency.

Balance Sheet

The bank's debt-to-equity ratio is relatively high at 1.65, indicating significant leverage, which could pose risks in volatile markets. Return on equity improved to 2.60%, showing better utilization of equity, but still remains modest. The equity ratio is stable, reflecting a balanced asset structure.

Cash Flow

Operating cash flow has significantly improved, leading to a strong operating cash flow to net income ratio of 4.95. Free cash flow growth is robust, although the free cash flow to net income ratio slightly decreased, indicating efficient cash generation relative to net income.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	26.35B	22.67B	23.26B	22.01B	21.35B	21.77B
Gross Profit	26.35B	21.19B	20.91B	20.35B	20.90B	21.21B
EBITDA	2.40B	3.76B	-3.37B	2.57B	4.69B	4.60B
Net Income	2.15B	1.86B	-3.30B	1.47B	2.58B	2.16B
Balance Sheet
Total Assets	1.80T	1.81T	1.76T	1.89T	1.81T	1.80T
Cash, Cash Equivalents and Short-Term Investments	0.00	243.10B	165.70B	248.75B	186.75B	216.19B
Total Debt	106.67B	118.03B	119.03B	176.92B	192.66B	134.37B
Total Liabilities	1.73T	1.73T	1.68T	1.81T	1.73T	1.71T
Stockholders Equity	73.94B	71.65B	78.40B	73.67B	81.13B	85.68B
Cash Flow
Free Cash Flow	0.00	29.22B	-6.70B	57.40B	-1.07B	140.68B
Operating Cash Flow	0.00	30.27B	-6.26B	58.32B	77.00M	141.15B
Investing Cash Flow	0.00	4.74B	61.00B	4.83B	-28.35B	-20.73B
Financing Cash Flow	0.00	51.92B	-81.21B	-797.00M	-719.00M	-661.00M

Shimizu Bank, Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2287.00
• 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:8364, the sentiment is Positive. The current price of 2287 is below the 20-day moving average (MA) of 2777.35, below the 50-day MA of 2583.96, and above the 200-day MA of 1968.81, indicating a bullish trend. The MACD of 88.02 indicates Positive momentum. The RSI at 66.64 is Neutral, neither overbought nor oversold. The STOCH value of 69.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8364.

Shimizu Bank, Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8349	72 Outperform	¥15.84B	10.05	―	3.58%	13.77%	19.08%
8537	72 Outperform	¥27.36B	10.85	―	3.50%	16.60%	-5.51%
8542	69 Neutral	¥19.99B	10.12	―	3.37%	3.70%	24.98%
8338	68 Neutral	¥58.51B	8.05	―	1.20%	8.45%	168.74%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8364	64 Neutral	¥33.89B	13.52	―	2.59%	4.90%	―
8383	64 Neutral	¥17.78B	10.10	―	3.30%	11.93%	36.32%

Shimizu Bank, Ltd. Corporate Events

Shimizu Bank Posts Stable Capital Adequacy Ratios in Third Quarter

The Shimizu Bank, Ltd., a regional lender listed on the TSE Prime market, continues to focus on maintaining sound capital levels under Japan’s domestic regulatory framework while serving retail and corporate customers. Its risk-management and capital policies are central to sustaining its role in the local financial system and preserving stakeholder confidence.

The bank reported a consolidated domestic-standard capital adequacy ratio of 8.75% as of December 31, 2025, essentially unchanged from 8.74% at the end of the previous quarter, with core capital and risk-weighted assets both slightly higher. On a non-consolidated basis, the capital adequacy ratio was 8.59%, also up 0.01 point, indicating stable capitalization as risk assets grow and suggesting the bank is maintaining a modest capital buffer in step with its expanding balance sheet.

The most recent analyst rating on (JP:8364) stock is a Buy with a Yen3247.00 price target. To see the full list of analyst forecasts on Shimizu Bank, Ltd. stock, see the JP:8364 Stock Forecast page.

Shimizu Bank Posts Strong Nine-Month Profit Gain, Keeps Dividend and Forecast Unchanged

Shimizu Bank reported strong consolidated results for the nine months ended Dec. 31, 2025, with ordinary income rising 15.4% year on year to ¥24.7 billion and ordinary profit jumping 43.3% to ¥3.23 billion. Profit attributable to owners of the parent climbed 32.2% to ¥2.38 billion, driving basic earnings per share up to ¥211.11.

The bank’s total assets grew to ¥1.82 trillion while net assets increased to ¥79.8 billion, lifting its equity-to-asset ratio to 4.3% and signaling a stronger capital position. Shimizu Bank maintained its dividend policy with a planned full-year payout of ¥60 per share for the year ending March 31, 2026, and left its full-year earnings forecast unchanged, implying continued profitability but a more moderate growth pace than the latest nine-month performance.

The most recent analyst rating on (JP:8364) stock is a Buy with a Yen3092.00 price target. To see the full list of analyst forecasts on Shimizu Bank, Ltd. stock, see the JP:8364 Stock Forecast page.