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Bank Of The Ryukyus,Limited
(8399)
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Rating:64Neutral
Price Target:
¥3,138.00
▲(56.20% Upside)
Action:Reiterated
Date:05/13/26
The score is driven primarily by improved financial performance (stronger growth and profitability with better leverage) but is held back by highly inconsistent operating and free cash flow. Technicals add support via a clear uptrend and positive momentum, while valuation is mixed with a solid yield offset by a relatively high P/E.
Positive Factors
Improved Leverage / Stronger Capital
A sharply lower debt-to-equity ratio and steady equity growth materially improve the bank's loss-absorbing capacity and regulatory headroom. This durable capital repair lowers funding risk, supports prudent lending expansion, and increases flexibility for strategic investments or stress absorption over the medium term.
Negative Factors
Inconsistent Cash Generation
Large, unpredictable swings in operating and free cash flow reduce confidence in internal funding for lending, dividends, and capital spending. Persistent volatility complicates multi-period planning, increases reliance on external funding in down cycles, and raises execution risk for medium-term growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Leverage / Stronger Capital
A sharply lower debt-to-equity ratio and steady equity growth materially improve the bank's loss-absorbing capacity and regulatory headroom. This durable capital repair lowers funding risk, supports prudent lending expansion, and increases flexibility for strategic investments or stress absorption over the medium term.
Read all positive factors
Bank Of The Ryukyus,Limited (8399) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥124.84B
Dividend Yield2.99%
Average Volume (3M)142.27K
Price to Earnings (P/E)13.3
Beta (1Y)1.11
Revenue Growth16.88%
EPS Growth59.33%
CountryJP
Employees1,802
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)221.49
Shares Outstanding43,108,470
10 Day Avg. Volume123,030
30 Day Avg. Volume142,269
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.62
Price to Sales (P/S)1.15
P/FCF Ratio-40.70
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 The Ryukyus,Limited Business Overview & Revenue Model
Company Description
Operating across Japan, The Bank of The Ryukyus, Limited delivers a comprehensive suite of financial and banking solutions. Its offerings include a variety of deposit accounts, such as savings, fixed-term, and property deposits. The institution pr...
How the Company Makes Money
The company primarily makes money through (1) net interest income and (2) fee-based income, supplemented by other financial gains/losses common to banking operations.
1) Net interest income (core banking spread):
- Deposits and funding: The bank ...
Bank Of The Ryukyus,Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
67
Positive
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.89B | 62.74B | 58.56B | 52.98B | 51.62B |
| Gross Profit | 73.12B | 60.70B | 56.55B | 52.01B | 51.45B |
| EBITDA | 16.48B | 11.48B | 11.53B | 11.42B | 11.12B |
| Net Income | 9.08B | 5.75B | 5.65B | 5.90B | 5.59B |
Balance Sheet | |||||
| Total Assets | 3.11T | 2.98T | 3.07T | 3.04T | 3.06T |
| Cash, Cash Equivalents and Short-Term Investments | 161.55B | 171.57B | 341.75B | 598.66B | 770.55B |
| Total Debt | 15.75B | 19.54B | 82.95B | 104.86B | 585.72B |
| Total Liabilities | 2.96T | 2.84T | 2.92T | 2.90T | 2.93T |
| Stockholders Equity | 145.52B | 139.83B | 142.56B | 138.16B | 135.02B |
Cash Flow | |||||
| Free Cash Flow | -2.23B | 15.89B | 0.00 | -56.59B | 282.68B |
| Operating Cash Flow | 7.02B | 26.36B | 0.00 | -52.27B | 22.56B |
| Investing Cash Flow | -130.51B | -113.69B | -265.72B | -116.73B | -38.66B |
| Financing Cash Flow | 112.80B | -83.19B | 10.93B | -2.90B | 116.82B |
Bank Of The Ryukyus,Limited Technical Analysis
Positive
2009.00
Price Trends
2675.54
Positive
2538.78
Positive
2195.24
Positive
Market Momentum
84.94
Positive
60.09
Neutral
54.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8399, the sentiment is Positive. The current price of 2009 is below the 20-day moving average (MA) of 2871.60, below the 50-day MA of 2675.54, and below the 200-day MA of 2195.24, indicating a bullish trend. The MACD of 84.94 indicates Positive momentum. The RSI at 60.09 is Neutral, neither overbought nor oversold. The STOCH value of 54.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8399.
Bank Of The Ryukyus,Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥136.88B | 7.97 | ― | 3.05% | 24.77% | 156.11% | |
72 Outperform | ¥156.88B | 13.89 | ― | 2.71% | 21.01% | 42.25% | |
69 Neutral | ¥200.07B | 18.35 | 4.59% | 1.22% | 23.47% | 44.33% | |
65 Neutral | ¥199.48B | 13.98 | ― | 2.29% | 9.41% | 45.92% | |
65 Neutral | ¥92.82B | 11.02 | ― | 2.29% | 11.72% | 14.29% | |
64 Neutral | ¥124.84B | 13.29 | ― | 2.46% | 16.88% | 59.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8399
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Bank Of The Ryukyus,Limited Corporate Events
Bank of The Ryukyus Flags Large Unrealized Bond Losses, Keeps Outlook Intact
Jul 24, 2026
Bank of The Ryukyus reported unrealized losses of ¥3,865 million on held-to-maturity bonds as of June 30, 2026, equal to 42.55% of net income attributable to owners of the parent for the fiscal year ended March 31, 2026. The book value of the...
Bank of The Ryukyus to Issue Restricted Treasury Shares for Employee Stock Plan
Jul 24, 2026
Bank of The Ryukyus has approved the disposal of up to 21,070 treasury shares as restricted stock to its Group Employee Stock Ownership Association, with a reference disposal price of 2,949 yen per share and a maximum value of about 62.1 million y...
Bank of The Ryukyus Completes Restricted Stock Treasury Share Disposal
Jul 17, 2026
Bank of The Ryukyus, Ltd. has completed payment procedures for the disposal of treasury shares under a restricted stock compensation plan approved by its board in late June 2026. The move forms part of an equity-based remuneration framework aimed ...
Bank of The Ryukyus to Grant Restricted Stock to Executives via Treasury Share Disposal
Jun 24, 2026
Bank of The Ryukyus has approved the disposal of 28,547 treasury shares as part of its restricted stock compensation plan for six internal directors and one managing executive officer, at a disposal price of ¥2,524 per share for a total value...
Bank of The Ryukyus Revises Cash Flow Data in FY2026 Results
Jun 17, 2026
Bank of The Ryukyus, Ltd., a regional bank listed on the TSE Prime Market and FSE, provides a range of commercial banking services including lending, deposits and securities investment to customers in Okinawa and nearby regions. Its operations pos...
Bank of The Ryukyus Delivers Profit Surge and Raises Dividend Payout
May 12, 2026
Bank of The Ryukyus reported strong consolidated results for the fiscal year ended March 31, 2026, with ordinary income rising 16.1% to ¥80.3 billion and ordinary profit jumping 56.8% to ¥13.1 billion. Profit attributable to owners surge...
Bank of The Ryukyus Tightens Shareholder Return Policy with Higher Payout Target and Buybacks
May 12, 2026
Bank of The Ryukyus has revised its shareholder return policy to more clearly commit to higher payouts, now targeting a dividend payout ratio of 40% or more and expressing an intention to maintain or increase dividends. The bank also introduced a ...
Bank of The Ryukyus Raises Profit Targets Under Revised “Empower 2025” Plan
May 12, 2026
Bank of The Ryukyus has revised the financial targets in its medium-term management plan “Empower 2025,” which covers fiscal years 2025 to 2027. The plan now aims for higher consolidated net income, improved non-consolidated net core b...
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.