First Bank of Toyama Ltd. (7184) AI Stock Analysis

First Bank of Toyama Ltd.

(TSE/TYO:7184)

Select Model

Rating:75Outperform

Price Target:JPY 4,039.00▲(20.03% Upside)

Action:upgraded

Date:08/17/26

The score is driven primarily by improving financial performance (notably stronger margins and revenue growth) and a healthier, less leveraged balance sheet, tempered by historical cash-flow volatility. Technicals add support due to a strong uptrend and positive momentum, while valuation is reasonable with a moderate dividend yield.

Positive Factors

Profitability and revenue growthThe substantial expansion in revenue, net margin, and operating profitability indicates stronger earnings capacity than in earlier years. If maintained, this improvement can support reinvestment, capital accumulation, and resilience across the next several quarters.

Negative Factors

Historical cash-flow volatilityThe history of sharply fluctuating cash generation makes earnings conversion less predictable than the recent improvement alone suggests. For a bank, financial-asset and funding movements can create substantial swings, complicating capital planning and reducing visibility through the cycle.

First Bank of Toyama Ltd. (7184) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 204.76B
Dividend Yield: 2.88%
Average Volume (3M): 199.40K
Price to Earnings (P/E): 11.8
Beta (1Y): 1.26
Revenue Growth: 13.91%
EPS Growth: 76.61%
Country: Japan
Employees: 623
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

First Bank of Toyama Ltd. Business Overview & Revenue Model

Company Description

The First Bank of Toyama, Ltd. offers a comprehensive range of financial services, catering to individual clients, corporate entities, and business ventures. Its extensive product suite encompasses various deposit instruments, such as general, saving...

How the Company Makes Money

First Bank of Toyama Ltd. makes money primarily through (1) net interest income and (2) non-interest (fee) income, plus (3) returns from its securities and other financial operations; however, specific line-item breakdowns are null. (1) Net interest...

First Bank of Toyama Ltd. Financial Statement Overview

Summary

Strong improvement in profitability and margins with meaningful revenue growth in 2026, supported by a healthier, less levered balance sheet and higher equity. Offsetting this, cash flows have been volatile historically (including negative operating cash flow in 2021–2023) and returns on equity were only moderate.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

57Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	57.69B	50.98B	47.47B	36.70B	32.41B	26.29B
Gross Profit	53.10B	46.84B	46.33B	33.72B	31.74B	23.10B
EBITDA	25.18B	22.12B	20.14B	9.90B	7.05B	5.93B
Net Income	17.83B	15.05B	13.35B	5.28B	4.20B	3.49B
Balance Sheet
Total Assets	1.68T	1.70T	1.59T	1.58T	1.49T	1.47T
Cash, Cash Equivalents and Short-Term Investments	146.71B	83.58B	80.71B	68.64B	74.90B	55.07B
Total Debt	3.77B	25.86B	19.81B	53.18B	23.96B	63.41B
Total Liabilities	1.49T	1.50T	1.44T	1.42T	1.36T	1.35T
Stockholders Equity	192.68B	198.57B	152.52B	148.68B	115.12B	114.07B
Cash Flow
Free Cash Flow	0	3.72B	4.71B	7.21B	-24.09B	-4.79B
Operating Cash Flow	0	4.04B	5.66B	8.20B	-23.70B	-4.27B
Investing Cash Flow	0	-46.36B	11.18B	-12.51B	46.04B	-14.57B
Financing Cash Flow	0	42.67B	-2.59B	-2.04B	-1.98B	-800.00M

First Bank of Toyama Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price3365.00

Price Trends

50DMA3408.71Negative

100DMA3070.32Positive

200DMA2748.52Positive

Market Momentum

MACD-37.94Positive

RSI48.00Neutral

STOCH77.32Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7184, the sentiment is Positive. The current price of 3365.00 is below the 20-day moving average (MA) of 3463.00, below the 50-day MA of 3408.71, and above the 200-day MA of 2748.52, indicating a neutral trend. The MACD of -37.94 indicates Positive momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 77.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7184.

First Bank of Toyama Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

JP:7184 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:8365	76Outperform	JPY 11.67B	11.24	―	2.68%	24.30%	-0.84%
JP:7184	75Outperform	JPY 209.71B	11.77	―	2.88%	13.91%	76.61%
JP:8393	75Outperform	JPY 210.22B	13.81	―	2.03%	8.31%	47.11%
JP:8360	74Outperform	JPY 212.20B	17.29	―	7.37%	30.03%	47.48%
JP:7322	72Outperform	JPY 196.40B	16.29	―	2.24%	23.09%	35.52%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
JP:8392	58Neutral	JPY 225.26B	19.39	4.63%	1.45%	25.47%	54.85%

* Financial Sector Average

Performance Comparison

JP:7184 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:7184	First Bank of Toyama Ltd.	3365.00	1954.27	138.53%
JP:8392	Oita Bank	2888.00	1886.30	188.31%
JP:7322	San ju San Financial Group, Inc.	1879.00	986.73	110.59%
JP:8360	Yamanashi Chuo Bank, Ltd.	1301.00	659.74	102.88%
JP:8365	Bank of Toyama Ltd.	2145.00	477.89	28.67%
JP:8393	Miyazaki Bank Ltd.	2465.00	1556.11	171.21%

First Bank of Toyama Ltd. Corporate Events

First Bank of Toyama posts strong Q1 profit jump but guides for lower full-year earnings

Aug 3, 2026

The First Bank of Toyama reported a sharp improvement in performance for the three months ended June 30, 2026, with ordinary income rising 57.0% year on year to ¥21.3 billion and ordinary profit climbing 62.4% to ¥10.9 billion. Profit attri...

First Bank of Toyama Completes Treasury Share Disposal for Executive Stock Compensation

Jul 21, 2026

The First Bank of Toyama has completed payment procedures for the disposal of 7,889 treasury shares under its restricted stock compensation program, following a resolution passed by its Board of Directors on June 23, 2026. The shares, priced at &#165...

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.

Date of analysis: Aug 17, 2026

First Bank of Toyama Ltd. AI Stock Analysis