Shiga Bank, Ltd. (JP:8366)
:8366
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Shiga Bank, Ltd.
(8366)
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Rating:66Neutral
Price Target:
¥2,175.00
▼(-71.49% Downside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by improving but mixed fundamentals: solid revenue/profitability trends are offset by volatile cash flow and modest ROE. Technicals provide meaningful support with a clear uptrend and positive momentum, while valuation is only fair due to a moderate P/E and relatively low dividend yield.
Positive Factors
Revenue Growth
Consistent top-line expansion, culminating in ~9.3% growth in FY2026, indicates durable loan and fee demand in the bank's regional market. Sustained revenue growth supports core earnings, funds investment in services, and provides a buffer against cyclical credit or rate swings over the medium term.
Negative Factors
Cash Flow Volatility
Irregular operating and free cash flow across years creates uncertainty for funding of dividends, balance sheet growth, and capital expenditures. Even with FY2026 improvement, inconsistent cash generation raises the risk that future stress or one-off items could force tradeoffs between lending, provisioning, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent top-line expansion, culminating in ~9.3% growth in FY2026, indicates durable loan and fee demand in the bank's regional market. Sustained revenue growth supports core earnings, funds investment in services, and provides a buffer against cyclical credit or rate swings over the medium term.
Read all positive factors
Shiga Bank, Ltd. (8366) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥475.20B
Dividend Yield1.5%
Average Volume (3M)133.87K
Price to Earnings (P/E)20.2
Beta (1Y)1.22
Revenue Growth18.76%
EPS Growth15.43%
CountryJP
Employees2,154
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)84.81
Shares Outstanding240,450,410
10 Day Avg. Volume131,030
30 Day Avg. Volume133,873
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)0.84
Price to Sales (P/S)2.76
P/FCF Ratio26.26
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)112.86
Revenue Forecast (FY)¥184.10B
Shiga Bank, Ltd. Business Overview & Revenue Model
Company Description
The Shiga Bank, Ltd. provides various banking products and services in Japan and internationally. The company accepts various deposits products, including current, ordinary, notice, time, and other deposits, as well as negotiable certificates of d...
How the Company Makes Money
Shiga Bank primarily generates revenue through banking intermediation and fee-based financial services. A major source of earnings is net interest income: the bank takes deposits and other funding, pays interest to depositors, and lends those fund...
Shiga Bank, Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 142.44B | 155.64B | 142.99B | 120.44B | 113.52B | 93.75B |
| Gross Profit | 118.72B | 128.79B | 115.24B | 98.44B | 103.25B | 89.19B |
| EBITDA | 26.85B | 31.63B | 27.75B | 26.14B | 22.01B | 25.66B |
| Net Income | 19.75B | 21.29B | 18.72B | 15.94B | 14.86B | 17.71B |
Balance Sheet | ||||||
| Total Assets | 7.64T | 7.67T | 7.53T | 7.97T | 7.31T | 7.54T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 1.04T | 898.94B | 1.36T | 1.20T | 1.75T |
| Total Debt | 1.27T | 1.01T | 1.21T | 1.47T | 776.55B | 1.27T |
| Total Liabilities | 7.18T | 7.16T | 7.08T | 7.48T | 6.86T | 7.07T |
| Stockholders Equity | 456.91B | 509.02B | 444.81B | 490.89B | 441.22B | 464.21B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 16.37B | 0.00 | 368.47B | -488.52B | 0.00 |
| Operating Cash Flow | 0.00 | 19.09B | 0.00 | 369.60B | -483.43B | 0.00 |
| Investing Cash Flow | 0.00 | 51.47B | -47.63B | -288.59B | -57.99B | 21.82B |
| Financing Cash Flow | 0.00 | 42.67B | -381.21B | 565.53B | -7.95B | 200.07B |
Shiga Bank, Ltd. Technical Analysis
Positive
7630.00
Price Trends
1876.55
Positive
1737.96
Positive
1506.45
Positive
Market Momentum
30.70
Negative
61.28
Neutral
91.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8366, the sentiment is Positive. The current price of 7630 is above the 20-day moving average (MA) of 1955.50, above the 50-day MA of 1876.55, and above the 200-day MA of 1506.45, indicating a bullish trend. The MACD of 30.70 indicates Negative momentum. The RSI at 61.28 is Neutral, neither overbought nor oversold. The STOCH value of 91.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8366.
Shiga Bank, Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥491.95B | 13.64 | 3.95% | 2.19% | 16.41% | 51.17% | |
72 Outperform | ¥392.58B | 10.03 | 8.52% | 2.12% | 11.88% | 85.95% | |
71 Outperform | ¥363.25B | 11.59 | ― | 2.94% | 14.34% | 213.31% | |
70 Outperform | ¥312.18B | 13.05 | ― | 2.27% | 26.67% | 31.83% | |
69 Neutral | ¥267.90B | 12.97 | ― | 3.46% | 11.64% | 26.63% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥475.20B | 20.19 | ― | 1.50% | 18.76% | 15.43% |
* Financial Sector Average
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Shiga Bank, Ltd. Corporate Events
Shiga Bank Boosts Ordinary Income on Higher Interest Earnings
May 13, 2026
Shiga Bank, Ltd., a Japanese regional lender listed on the TSE Prime Market, focuses on traditional banking services such as loans, discounts, and securities investments to support its customer base. Its earnings structure is driven largely by int...
Shiga Bank Announces Leadership Overhaul to Boost Corporate Value
May 13, 2026
The Shiga Bank, Ltd. has announced a broad reshuffle of its top management, naming Director and Managing Executive Officer Hidekazu Toda as the next Representative Director and Senior Managing Executive Officer, effective after the June 24, 2026 s...
Shiga Bank Lifts ROE Target as Medium-Term Plan Outperforms
May 13, 2026
The Shiga Bank, Ltd. has raised the financial targets in its 8th Medium-Term Business Plan, repositioning its consolidated return on equity goal of 8% or more from a long-term challenge to a target to be achieved by the fiscal year ending March 20...
Shiga Bank Shifts Shareholder Return Policy Toward Higher Dividend Focus
May 13, 2026
Shiga Bank has revised its shareholder return policy under its 8th Medium-Term Business Plan, shifting its focus from a total shareholder return ratio target of around 40% over five years to aiming for a dividend payout ratio of approximately 40% ...
Shiga Bank Lifts Year-End Dividend and Signals Stronger Shareholder Returns
May 13, 2026
The Shiga Bank, Ltd. has announced that its board will propose a higher year-end dividend of JPY 75 per share for the fiscal year ended March 31, 2026, up from the previously forecast JPY 65 and the prior year’s JPY 45. This raises the total...
Shiga Bank Posts Profit Surge and Raises Dividend on Strong FY2026 Results
May 13, 2026
Shiga Bank reported strong consolidated results for the fiscal year ended March 31, 2026, with ordinary income rising 19.5% to ¥159.1 billion and ordinary profit jumping 53.2% to ¥29.0 billion. Profit attributable to owners increased 13....
Shiga Bank Enters Capital and Business Alliance With Senshu Ikeda Holdings
Apr 17, 2026
The Shiga Bank has agreed a capital and business alliance with Senshu Ikeda Holdings, whose core areas are Osaka and Hyogo prefectures, aiming to strengthen regional financial capabilities across neighboring markets. The partners will mutually acq...
Shiga Bank Denies Decision on Reported Alliance With Senshu Ikeda Holdings
Apr 16, 2026
The Shiga Bank, Ltd., a regional lender listed on the TSE Prime Market, has addressed reports about a potential capital and business tie-up with Senshu Ikeda Holdings, Inc. The bank emphasized that it routinely examines various strategic options a...
Shiga Bank Elevates Business Succession Fund to Specified Subsidiary Status
Mar 27, 2026
The Shiga Bank, Ltd. will make an additional capital contribution to the Shigagin Business Succession Fund Investment Limited Partnership, raising its total investment to more than 10% of the bank’s share capital and reclassifying the fund a...
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.