Bank of Saga Ltd. (JP:8395)
:8395
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Bank of Saga Ltd.
(8395)
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Rating:65Neutral
Price Target:
¥5,407.00
▲(25.74% Upside)
Action:Reiterated
Date:05/14/26
Overall score is driven by strong earnings momentum and a much-improved balance sheet, supported by attractive valuation. The main offset is highly volatile cash flow (including negative free cash flow in 2026), while technicals are neutral with a constructive longer-term trend but weaker near-term positioning.
Positive Factors
Improved capital structure
A much lower debt-to-equity (~0.27x) and rising equity enhance financial flexibility and shock absorption. This durable improvement reduces refinancing risk, supports continued lending and risk-taking capacity, and strengthens capacity to withstand regional economic shocks.
Negative Factors
Volatile cash generation and negative FCF
Large swings and a return to negative free cash flow in 2026 weaken the bank's ability to fund lending, dividends or capital without market funding. Persistent volatility reduces financial planning reliability and increases funding and liquidity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved capital structure
A much lower debt-to-equity (~0.27x) and rising equity enhance financial flexibility and shock absorption. This durable improvement reduces refinancing risk, supports continued lending and risk-taking capacity, and strengthens capacity to withstand regional economic shocks.
Read all positive factors
Bank of Saga Ltd. (8395) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥87.68B
Dividend Yield2.29%
Average Volume (3M)54.99K
Price to Earnings (P/E)9.2
Beta (1Y)1.13
Revenue Growth11.72%
EPS Growth14.29%
CountryJP
Employees1,294
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)370.37
Shares Outstanding16,935,910
10 Day Avg. Volume40,980
30 Day Avg. Volume54,986
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)0.62
Price to Sales (P/S)1.12
P/FCF Ratio-67.05
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
Bank of Saga Ltd. Business Overview & Revenue Model
Company Description
The Bank of Saga Ltd. provides various banking products and services in Japan. The company offers checking accounts, savings accounts, ordinary deposits, notification deposits, time deposits, separate deposits, tax reserve deposits, non-resident y...
How the Company Makes Money
Bank of Saga Ltd. makes money mainly through traditional banking income streams. The primary source is net interest income: it pays interest on customer deposits and other funding, and earns interest on loans (e.g., corporate loans, consumer loans...
Bank of Saga Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.58B | 70.20B | 51.67B | 47.57B | 44.47B | 40.69B |
| Gross Profit | 48.58B | 60.66B | 47.91B | 44.30B | 42.01B | 40.30B |
| EBITDA | 7.80B | 13.55B | 11.71B | 8.70B | 8.41B | 7.66B |
| Net Income | 6.26B | 8.59B | 7.50B | 6.22B | 5.49B | 4.08B |
Balance Sheet | ||||||
| Total Assets | 3.26T | 3.22T | 3.18T | 3.16T | 3.01T | 3.16T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 280.15B | 270.96B | 201.84B | 72.97B | 301.83B |
| Total Debt | 78.69B | 34.05B | 45.20B | 110.51B | 74.77B | 208.39B |
| Total Liabilities | 3.14T | 3.09T | 3.06T | 3.04T | 2.90T | 3.05T |
| Stockholders Equity | 119.52B | 126.50B | 116.37B | 122.56B | 108.76B | 115.78B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.18B | 20.36B | -26.20B | -190.17B | -4.59B |
| Operating Cash Flow | 0.00 | 2.37B | 22.94B | -24.61B | -188.82B | -3.58B |
| Investing Cash Flow | 0.00 | -16.11B | 95.41B | 14.54B | -43.72B | -67.45B |
| Financing Cash Flow | 0.00 | 22.00B | 18.00B | 143.86B | -1.18B | 86.57B |
Bank of Saga Ltd. Technical Analysis
Positive
4300.00
Price Trends
5019.72
Positive
4781.50
Positive
3923.90
Positive
Market Momentum
62.12
Negative
55.76
Neutral
73.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8395, the sentiment is Positive. The current price of 4300 is below the 20-day moving average (MA) of 5158.25, below the 50-day MA of 5019.72, and above the 200-day MA of 3923.90, indicating a bullish trend. The MACD of 62.12 indicates Negative momentum. The RSI at 55.76 is Neutral, neither overbought nor oversold. The STOCH value of 73.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8395.
Bank of Saga Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥77.52B | 6.81 | ― | 2.34% | 3.68% | 26.06% | |
71 Outperform | ¥109.86B | 14.74 | ― | 3.35% | 26.92% | 35.22% | |
71 Outperform | ¥116.16B | 5.37 | ― | 3.05% | 49.84% | 156.03% | |
70 Outperform | ¥108.77B | 8.79 | ― | 2.49% | 12.95% | 16.69% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥93.93B | 11.37 | ― | 2.89% | 23.58% | 50.43% | |
65 Neutral | ¥87.68B | 9.19 | ― | 2.29% | 11.72% | 14.29% |
* Financial Sector Average
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Bank of Saga Ltd. Corporate Events
Bank of Saga Announces Leadership Transition in Top Management
May 12, 2026
The Bank of Saga Ltd. has announced a leadership change following a resolution by its board of directors on May 12, 2026, reflecting routine succession in its top management. The move underscores the bank’s ongoing efforts to refresh its gov...
Bank of Saga to Replace Stock Options with Share-Based Director Pay Plan
May 12, 2026
The Bank of Saga is overhauling its director compensation framework by abolishing its existing share-based stock option system, subject to shareholder approval at the June 26, 2026 annual meeting, and cancelling unexercised stock options previousl...
Bank of Saga lifts profits and dividend as assets grow, eyes further earnings gains
May 12, 2026
The Bank of Saga reported a strong fiscal year to March 31, 2026, with ordinary income up 30.0% to ¥71.8 billion and profit attributable to owners of the parent rising 14.5% to ¥8.6 billion, lifting ROE to 7.0% and expanding net assets a...
Bank of Saga Lifts Revenue Outlook and Hikes Dividend After Equity Gains
Apr 24, 2026
The Bank of Saga has raised its full-year consolidated and non-consolidated revenue forecasts for the year ended March 31, 2026, driven mainly by gains from selling its stake in Hisamitsu Pharmaceutical Co., Inc. Despite the higher ordinary income...
Bank of Saga Books ¥12 Billion Gain From Exit of Hisamitsu Stake
Feb 20, 2026
The Bank of Saga Ltd. has sold all 2,356,000 common shares it held in Hisamitsu Pharmaceutical Co., Inc. into a tender offer conducted by TAIYO KOSAN CO., INC., at a price of ¥6,082 per share. The transaction, to be settled on February 27, 20...
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.