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Aozora Bank
(8304)
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Rating:57Neutral
Price Target:
¥3,088.00
▼(-8.61% Downside)
Action:Reiterated
Date:08/17/26
The score is held back primarily by uneven financial quality—large profit and cash-flow swings and elevated/rising leverage—despite a clear recent earnings and cash-flow rebound. Technicals are supportive with a strong uptrend, though overbought momentum signals add near-term risk. Valuation is reasonable with a mid-teens P/E and a modest dividend yield.
Positive Factors
Recent Revenue Growth
Recent revenue growth indicates that Aozora Bank is expanding its business base and generating greater activity across its banking operations. If maintained, this broader revenue foundation can support operating leverage, strengthen customer relationships, and provide a more durable platform for future earnings.
Negative Factors
Elevated Leverage
The sharp increase in debt raises balance-sheet risk and may constrain Aozora Bank’s flexibility if credit conditions weaken or funding costs rise. Greater leverage can also increase sensitivity to asset-quality problems, limiting the capacity to pursue growth while preserving financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Revenue Growth
Recent revenue growth indicates that Aozora Bank is expanding its business base and generating greater activity across its banking operations. If maintained, this broader revenue foundation can support operating leverage, strengthen customer relationships, and provide a more durable platform for future earnings.
Read all positive factors
Aozora Bank (8304) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥415.94B
Dividend Yield3.16%
Average Volume (3M)992.04K
Price to Earnings (P/E)13.4
Beta (1Y)1.05
Revenue Growth12.37%
EPS Growth60.15%
CountryJP
Employees2,515
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)223.04
Shares Outstanding139,789,410
10 Day Avg. Volume981,670
30 Day Avg. Volume992,036
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)0.72
Price to Sales (P/S)1.52
P/FCF Ratio2.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,526.67Price Target Upside4.37% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
EPS Forecast (FY)205.34
Revenue Forecast (FY)¥108.85B
Aozora Bank Business Overview & Revenue Model
Company Description
Aozora Bank, Ltd., alongside its subsidiaries, delivers a broad spectrum of banking products and financial services both within Japan and on a global scale. Its operations are structured across six key divisions: Retail Banking, Institutional Bank...
Aozora Bank Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 238.36B | 226.46B | 223.61B | 223.97B | 104.03B | 114.25B |
| Gross Profit | 130.51B | 120.62B | 101.39B | 55.09B | 23.61B | 22.65B |
| EBITDA | 33.08B | 34.54B | 24.37B | -48.34B | 14.34B | 52.44B |
| Net Income | 30.87B | 25.71B | 20.52B | -49.91B | 8.72B | 35.00B |
Balance Sheet | ||||||
| Total Assets | 8.65T | 8.60T | 7.76T | 7.60T | 7.18T | 6.73T |
| Cash, Cash Equivalents and Short-Term Investments | 1.42T | 2.02T | 1.41T | 1.58T | 1.28T | 1.14T |
| Total Debt | 1.31T | 1.31T | 855.94B | 1.04T | 683.39B | 1.04T |
| Total Liabilities | 8.13T | 8.11T | 7.30T | 7.21T | 6.75T | 6.24T |
| Stockholders Equity | 499.53B | 479.94B | 451.42B | 384.40B | 438.66B | 493.49B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 116.15B | -62.98B | 0.00 | -67.37B | 248.33B |
| Operating Cash Flow | 0.00 | 118.46B | -56.90B | 0.00 | -61.38B | 253.90B |
| Investing Cash Flow | 0.00 | -497.40B | -147.85B | 167.44B | 213.94B | -23.83B |
| Financing Cash Flow | 0.00 | 486.96B | 46.59B | 281.15B | -18.07B | -16.06B |
Aozora Bank Technical Analysis
Negative
3379.00
Price Trends
3332.34
Negative
3101.92
Negative
2841.24
Positive
Market Momentum
-102.59
Positive
34.78
Neutral
28.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8304, the sentiment is Negative. The current price of 3379 is above the 20-day moving average (MA) of 3240.90, above the 50-day MA of 3332.34, and above the 200-day MA of 2841.24, indicating a neutral trend. The MACD of -102.59 indicates Positive momentum. The RSI at 34.78 is Neutral, neither overbought nor oversold. The STOCH value of 28.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:8304.
Aozora Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥529.74B | 16.22 | 6.15% | 2.01% | 29.10% | 91.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥468.86B | 11.09 | 13.74% | 2.80% | 12.60% | 148.64% | |
65 Neutral | ¥417.62B | 14.55 | ― | 2.46% | 16.26% | 41.29% | |
64 Neutral | ¥586.24B | 23.88 | ― | 1.57% | 23.01% | 25.19% | |
62 Neutral | ¥432.27B | 15.62 | ― | 2.64% | 24.66% | 33.09% | |
57 Neutral | ¥415.94B | 13.36 | 6.44% | 3.16% | 12.37% | 60.15% |
* Financial Sector Average
JP:8304
Aozora Bank
3,007.00
896.36
42.47%
JP:8368
Hyakugo Bank
2,089.00
1,168.97
127.06%
JP:8358
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1,326.56
90.89%
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1,276.01
117.93%
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Shiga Bank, Ltd.
2,550.00
1,353.34
113.09%
JP:8524
North Pacific Bank, Ltd.
1,176.00
482.79
69.64%
Aozora Bank Corporate Events
Aozora Bank Posts Slight Improvement in Capital Adequacy Ratios
Aug 18, 2026
Aozora Bank, Ltd. is a Tokyo-based commercial bank listed on the TSE Prime Market under code 8304, providing a range of financial services to corporate and retail clients. Operating under Japan’s domestic regulatory standards, the bank focus...
Aozora Bank Launches New Venture Debt Fund as Specified Subsidiary
Aug 5, 2026
Aozora Bank, Ltd., a Tokyo-based commercial bank listed on the TSE Prime Market, has been developing its investment business through venture debt funds managed by its consolidated subsidiary Aozora Corporate Investment Co., Ltd. The group uses inv...
Aozora Bank Raises First-Quarter Dividend, Confirms Full-Year Payout Target
Jul 31, 2026
Aozora Bank’s board has approved a first-quarter FY2026 dividend of 25 yen per common share, with a record date of June 30, 2026 and payment from retained earnings. The payout totals 3,461 million yen and is set for an effective date of Sept...
Aozora Bank Delivers Strong Q1 FY2026 Results and Confirms Dividend, Earnings Outlook
Jul 31, 2026
Aozora Bank reported strong results for the first quarter of FY2026, with ordinary income rising 10.8% year-on-year to ¥67.3 billion and profit attributable to owners of parent jumping 81.7% to ¥11.5 billion. Net income per share almost ...
Aozora Bank Launches “Creating Possibilities” Brand Campaign
Jul 31, 2026
Aozora Bank has launched a new brand communications campaign called “Creating Possibilities,” introduced in July 2026 alongside its FY2026 first-quarter results. The initiative highlights the bank’s commitment to advancing with c...
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.