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North Pacific Bank, Ltd.
(8524)
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Rating:61Neutral
Price Target:
¥1,175.00
▲(63.88% Upside)
Action:Downgraded
Date:06/19/26
The score is held back primarily by financial quality risks—high leverage and very inconsistent cash flows, including a negative turn in 2026—despite improved revenue/profitability trends. Technicals are supportive with the stock trading above major moving averages and positive MACD, and valuation/dividend look reasonable, helping partially offset the financial-stability concerns.
Positive Factors
Sharp revenue acceleration in 2026
A >50% revenue jump in 2026 indicates meaningful top‑line traction versus prior years. If structural (loan growth, fees), this expands the bank's earning base and supports operating leverage, improving medium‑term earnings resilience and reinvestment capacity.
Negative Factors
High and volatile leverage
Elevated and swinging debt‑to‑equity increases financial risk and reduces capital flexibility. For a regional bank with modest ROE, higher leverage raises sensitivity to credit losses, interest‑rate swings and regulatory capital constraints, limiting durable resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp revenue acceleration in 2026
A >50% revenue jump in 2026 indicates meaningful top‑line traction versus prior years. If structural (loan growth, fees), this expands the bank's earning base and supports operating leverage, improving medium‑term earnings resilience and reinvestment capacity.
Read all positive factors
North Pacific Bank, Ltd. (8524) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥409.48B
Dividend Yield3.01%
Average Volume (3M)2.56M
Price to Earnings (P/E)16.4
Beta (1Y)1.32
Revenue Growth25.56%
EPS Growth26.08%
CountryJP
Employees2,799
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)55.99
Shares Outstanding378,060,180
10 Day Avg. Volume2,725,260
30 Day Avg. Volume2,556,740
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)0.91
Price to Sales (P/S)1.51
P/FCF Ratio-0.91
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)88.1
Revenue Forecast (FY)¥197.20B
North Pacific Bank, Ltd. Business Overview & Revenue Model
Company Description
North Pacific Bank, Ltd. delivers a broad spectrum of financial services and banking solutions to individual clients and corporate entities throughout Japan. Its primary services encompass deposit accounts, negotiable certificates of deposit, and ...
How the Company Makes Money
North Pacific Bank, Ltd. makes money primarily through (1) net interest income and (2) fee-based income. Net interest income is earned from the spread between interest received on interest-earning assets (such as loans to individuals and businesse...
North Pacific Bank, Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 152.23B | 233.22B | 146.52B | 129.68B | 121.27B | 117.72B |
| Gross Profit | 138.70B | 203.39B | 134.58B | 123.36B | 114.38B | 114.01B |
| EBITDA | 28.25B | 37.11B | 37.59B | 28.03B | 23.25B | 25.20B |
| Net Income | 21.28B | 25.60B | 20.61B | 12.83B | 9.65B | 11.76B |
Balance Sheet | ||||||
| Total Assets | 13.28T | 13.27T | 13.45T | 13.24T | 12.52T | 13.54T |
| Cash, Cash Equivalents and Short-Term Investments | 2.39T | 2.28T | 2.65T | 3.06T | 2.80T | 4.34T |
| Total Debt | 889.59B | 1.47T | 1.70T | 1.77T | 941.78B | 4.01T |
| Total Liabilities | 12.88T | 12.88T | 13.06T | 12.80T | 12.11T | 13.12T |
| Stockholders Equity | 393.16B | 387.50B | 380.48B | 442.68B | 403.35B | 416.81B |
Cash Flow | ||||||
| Free Cash Flow | 33.66B | -385.97B | 33.66B | 983.81B | -1.37T | 1.73T |
| Operating Cash Flow | 39.05B | -375.13B | 39.05B | 988.14B | -1.36T | 1.74T |
| Investing Cash Flow | -328.51B | 19.97B | -328.51B | -703.01B | -172.00B | -16.14B |
| Financing Cash Flow | -9.05B | -14.67B | -9.05B | -19.16B | -4.82B | -4.03B |
North Pacific Bank, Ltd. Technical Analysis
Positive
717.00
Price Trends
999.72
Positive
988.03
Positive
880.09
Positive
Market Momentum
30.37
Negative
67.80
Neutral
86.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8524, the sentiment is Positive. The current price of 717 is below the 20-day moving average (MA) of 1029.09, below the 50-day MA of 999.72, and below the 200-day MA of 880.09, indicating a bullish trend. The MACD of 30.37 indicates Negative momentum. The RSI at 67.80 is Neutral, neither overbought nor oversold. The STOCH value of 86.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8524.
North Pacific Bank, Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥501.84B | 17.93 | 3.95% | 2.19% | 16.41% | 51.26% | |
72 Outperform | ¥414.57B | 12.25 | 8.52% | 2.12% | 12.08% | 86.41% | |
71 Outperform | ¥413.02B | 15.22 | ― | 2.94% | 14.34% | 32.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥519.88B | 10.52 | ― | 1.95% | 17.98% | 34.51% | |
61 Neutral | ¥409.48B | 16.39 | ― | 3.01% | 25.56% | 26.08% | |
56 Neutral | ¥375.41B | 14.61 | 4.74% | 3.38% | 4.61% | 17.29% |
* Financial Sector Average
JP:8524
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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.