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Yamagata Bank, Ltd.
(8344)
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Rating:62Neutral
Price Target:
¥4,484.00
▲(117.67% Upside)
Action:Reiterated
Date:09/26/26
The score is held back primarily by inconsistent cash generation and recent negative free cash flow despite improved earnings, alongside only modest ROE. Technicals are a positive with a strong uptrend and positive MACD, but overbought readings raise near-term risk. Valuation is moderately unattractive given the P/E of 23.42 and a ~1.48% dividend yield.
Positive Factors
Improved profitability
Revenue rose about 28% and net income increased to approximately 6.5B from 4.4B, while operating and net margins strengthened. This indicates improved recent earnings power, giving the bank greater capacity to support lending, absorb costs, and reinvest over the next several quarters.
Negative Factors
Weak cash conversion
Negative free cash flow despite positive earnings shows that reported profitability is not consistently converting into cash. Volatile operating cash flow can reduce internal funding flexibility, make capital allocation less predictable, and weaken the durability of recent earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Revenue rose about 28% and net income increased to approximately 6.5B from 4.4B, while operating and net margins strengthened. This indicates improved recent earnings power, giving the bank greater capacity to support lending, absorb costs, and reinvest over the next several quarters.
Read all positive factors
Yamagata Bank, Ltd. (8344) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥133.59B
Dividend Yield2.42%
Average Volume (3M)201.89K
Price to Earnings (P/E)17.7
Beta (1Y)1.28
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. Volume223,990
30 Day Avg. Volume201,893
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 primarily earns money through (1) net interest income—collecting interest and fees on loans and other interest-earning assets and paying interest on customer deposits and other funding; the spread between lending yields and funding c...
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
Neutral
2060.00
Price Trends
4835.42
Negative
4217.80
Positive
3328.86
Positive
Market Momentum
-175.54
Positive
37.59
Neutral
19.53
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8344, the sentiment is Neutral. The current price of 2060 is below the 20-day moving average (MA) of 5083.55, below the 50-day MA of 4835.42, and below the 200-day MA of 3328.86, indicating a neutral trend. The MACD of -175.54 indicates Positive momentum. The RSI at 37.59 is Neutral, neither overbought nor oversold. The STOCH value of 19.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥209.74B | 18.09 | 4.63% | 1.56% | 25.47% | 54.85% | |
68 Neutral | ¥199.65B | 13.24 | ― | 2.14% | 8.31% | 47.11% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ¥202.42B | 16.70 | ― | 7.73% | 30.03% | 47.48% | |
66 Neutral | ¥235.17B | 16.66 | ― | 2.47% | 30.35% | 66.60% | |
63 Neutral | ¥128.99B | 14.40 | ― | 14.00% | 28.83% | 38.45% | |
62 Neutral | ¥133.59B | 17.75 | ― | 2.42% | 24.86% | 73.80% |
* Financial Sector Average
JP:8344
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Yamagata Bank, Ltd. Corporate Events
Yamagata Bank and Daiwa Securities Forge Alliance to Boost Regional Investment Services
Oct 1, 2026
Yamagata Bank and Daiwa Securities Co. Ltd., a core unit of Daiwa Securities Group, have signed a memorandum of understanding for a comprehensive business alliance aimed at creating a new collaborative framework in Yamagata Prefecture and nearby a...
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 ...
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.