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Yamagata Bank, Ltd.
(8344)
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Rating:64Neutral
Price Target:
¥4,959.00
▲(140.73% Upside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by strong technical momentum and a clear uptrend across moving averages. Financial performance is mixed: earnings have rebounded, but cash flow conversion is unreliable with recently negative free cash flow and modest ROE. Valuation is reasonable (P/E ~18.5) with a moderate dividend yield (~2.2%), offering support but not a strong undervaluation signal.
Positive Factors
Improved Profitability
The sharp improvement in revenue and net income indicates stronger recent earnings power and a better operating contribution from the bank’s core activities. If profitability remains supported by recurring banking operations, it can strengthen internal capital generation and provide greater capacity to invest in the regional franchise.
Negative Factors
Volatile Cash Generation
Negative recent free cash flow despite positive earnings shows that reported profits have not translated into cash consistently. Persistent weak conversion could reduce internally generated funding, complicate capital allocation, and make the bank more sensitive to balance-sheet movements or changes in operating conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
The sharp improvement in revenue and net income indicates stronger recent earnings power and a better operating contribution from the bank’s core activities. If profitability remains supported by recurring banking operations, it can strengthen internal capital generation and provide greater capacity to invest in the regional franchise.
Read all positive factors
Yamagata Bank, Ltd. (8344) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥142.51B
Dividend Yield1.78%
Average Volume (3M)143.63K
Price to Earnings (P/E)19.1
Beta (1Y)1.16
Revenue Growth24.86%
EPS Growth73.80%
CountryJP
Employees1,178
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)242.55
Shares Outstanding32,216,114
10 Day Avg. Volume148,650
30 Day Avg. Volume143,633
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)0.49
Price to Sales (P/S)1.21
P/FCF Ratio-69.36
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
Yamagata Bank, Ltd. Business Overview & Revenue Model
Company Description
Operating extensively throughout Japan, The Yamagata Bank, Ltd. delivers a diverse range of financial products and services. Its business is organized into three primary segments: Banking, Leasing, and Credit Guarantee. The bank's core activities ...
How the Company Makes Money
Yamagata Bank makes money primarily through a traditional banking model. The largest recurring source is net interest income: it takes in customer deposits and other funding at relatively low interest rates and extends loans (e.g., to households a...
Yamagata Bank, Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.22B | 61.31B | 50.44B | 52.60B | 48.60B | 41.55B |
| Gross Profit | 57.73B | 52.15B | 45.31B | 47.20B | 44.88B | 40.35B |
| EBITDA | 9.99B | 10.75B | 8.38B | 5.35B | 6.88B | 7.23B |
| Net Income | 7.58B | 6.53B | 4.41B | 2.08B | 3.44B | 3.40B |
Balance Sheet | ||||||
| Total Assets | 3.34T | 3.28T | 3.16T | 3.15T | 3.14T | 3.54T |
| Cash, Cash Equivalents and Short-Term Investments | 261.89B | 215.12B | 206.59B | 197.12B | 249.80B | 646.47B |
| Total Debt | 134.91B | 160.81B | 119.01B | 134.47B | 133.21B | 545.66B |
| Total Liabilities | 3.18T | 3.13T | 3.03T | 3.00T | 3.01T | 3.38T |
| Stockholders Equity | 155.89B | 150.44B | 135.82B | 143.63B | 133.55B | 155.46B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.07B | 7.40B | 0.00 | -471.44B | 445.89B |
| Operating Cash Flow | 0.00 | 5.95B | 10.25B | 0.00 | -469.31B | 450.23B |
| Investing Cash Flow | 0.00 | -111.05B | 56.97B | 94.19B | 75.43B | -194.68B |
| Financing Cash Flow | 0.00 | 93.11B | 40.08B | 12.22B | -1.21B | -1.54B |
Yamagata Bank, Ltd. Technical Analysis
Positive
2060.00
Price Trends
4102.80
Positive
3522.36
Positive
2844.95
Positive
Market Momentum
163.27
Positive
63.62
Neutral
75.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8344, the sentiment is Positive. The current price of 2060 is below the 20-day moving average (MA) of 4500.25, below the 50-day MA of 4102.80, and below the 200-day MA of 2844.95, indicating a bullish trend. The MACD of 163.27 indicates Positive momentum. The RSI at 63.62 is Neutral, neither overbought nor oversold. The STOCH value of 75.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8344.
Yamagata Bank, Ltd. Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥226.08B | 14.85 | ― | 1.49% | 8.31% | 47.11% | |
69 Neutral | ¥233.30B | 20.09 | 4.63% | 1.11% | 25.47% | 54.85% | |
68 Neutral | ¥250.04B | 17.53 | ― | 1.70% | 30.35% | 66.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥161.57B | 18.15 | ― | 1.89% | 28.83% | 38.45% | |
66 Neutral | ¥229.91B | 19.12 | ― | 1.80% | 30.03% | 47.48% | |
64 Neutral | ¥142.51B | 19.11 | ― | 1.78% | 24.86% | 73.80% |
* Financial Sector Average
JP:8344
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Yamagata Bank, Ltd. Corporate Events
Yamagata Bank Completes ¥499.6 Million Share Buyback on TSE
Sep 1, 2026
The Yamagata Bank has completed a share repurchase program authorized under its Articles of Incorporation pursuant to Japan’s Companies Act, acquiring 116,800 common shares on the Tokyo Stock Exchange between August 1 and August 31, 2026. Th...
Yamagata Bank Strengthens Capital Adequacy in First Quarter FY2026
Aug 14, 2026
The Yamagata Bank reported an improvement in its capital adequacy ratios at the end of the first quarter of the fiscal year ending March 31, 2027, reflecting stronger capital buffers against risk. On a consolidated basis, the capital adequacy rati...
Yamagata Bank Reports No Share Buybacks Under Approved Treasury Stock Program
Aug 4, 2026
Yamagata Bank, Ltd. reported that, despite having board authorization to repurchase up to 170,000 common shares for a maximum of ¥500 million between May 18 and August 31, 2026, it acquired no treasury shares during the period from July 1 to ...
Yamagata Bank Delivers Strong Q1 Results and Plans Higher Dividend for FY2026
Aug 3, 2026
Yamagata Bank reported strong consolidated results for the quarter ended June 30, 2026, with ordinary income rising 47.4% year on year to ¥20.75 billion and ordinary profit jumping 66.2% to ¥3.6 billion. Profit attributable to owners of ...
Yamagata Bank Reports No Treasury Share Purchases Yet Under Approved Buyback
Jul 1, 2026
The Yamagata Bank, Ltd. reported on the status of its ongoing share buyback program authorized under its articles of incorporation and Japan’s Companies Act. The board previously approved the repurchase of up to 170,000 common shares, equiva...
Yamagata Bank Extends Performance-Linked Stock Incentive Plan and Adds ¥702m to Trust
Jun 25, 2026
Yamagata Bank has decided to continue its performance-linked stock compensation plan for internal directors and executive officers, first introduced in fiscal 2016, and to extend the associated Board Incentive Plan trust by five years to 2031. The...
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.