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Toho Bank, Ltd.
(8346)
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Rating:68Neutral
Price Target:
¥1,081.00
▲(93.38% Upside)
Action:Downgraded
Date:07/28/26
The score is driven primarily by improving financial performance (earnings recovery and strong 2026 growth), offset by materially volatile cash flows and only modest returns/leverage history. Technicals are a key positive with a strong uptrend above major moving averages, while valuation is neutral-to-slightly weak due to a mid-range P/E and modest dividend yield.
Positive Factors
Accelerating earnings growth
The sharp 2026 acceleration in revenue and net income shows improving operating performance after earlier weaker periods. If the bank sustains this growth across its regional lending and financial-services franchise, it can strengthen capital generation and support continued investment in customers and channels.
Negative Factors
Highly volatile cash flows
Despite the latest strong cash generation, the wide historical swings make cash conversion less predictable over a multi-period horizon. Such variability can complicate capital planning and may reduce confidence that recent cash-flow strength will consistently translate into funds available for lending or other uses.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating earnings growth
The sharp 2026 acceleration in revenue and net income shows improving operating performance after earlier weaker periods. If the bank sustains this growth across its regional lending and financial-services franchise, it can strengthen capital generation and support continued investment in customers and channels.
Read all positive factors
Toho Bank, Ltd. (8346) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥252.31B
Dividend Yield1.74%
Average Volume (3M)966.51K
Price to Earnings (P/E)17.3
Beta (1Y)1.24
Revenue Growth30.35%
EPS Growth66.60%
CountryJP
Employees2,037
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)56.59
Shares Outstanding252,500,000
10 Day Avg. Volume797,110
30 Day Avg. Volume966,506
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)0.74
Price to Sales (P/S)1.76
P/FCF Ratio2.33
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
Toho Bank, Ltd. Business Overview & Revenue Model
Company Description
The Toho Bank, Ltd. functions as a financial institution providing a broad spectrum of banking solutions throughout Japan. Its product portfolio encompasses individual and institutional deposit accounts, negotiable certificates of deposit, credit ...
How the Company Makes Money
Toho Bank generates earnings mainly through its banking intermediation business. The largest driver is net interest income: the bank collects interest on loans and other interest-bearing assets and pays interest on deposits and other funding, earn...
Toho Bank, Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.20B | 91.52B | 68.53B | 57.39B | 56.07B | 58.14B |
| Gross Profit | 40.84B | 74.09B | 62.44B | 55.38B | 53.53B | 55.67B |
| EBITDA | 19.59B | 21.54B | 15.06B | 10.95B | 9.52B | 12.01B |
| Net Income | 14.14B | 12.35B | 7.45B | 5.25B | 4.49B | 6.75B |
Balance Sheet | ||||||
| Total Assets | 6.87T | 6.74T | 6.65T | 6.76T | 6.61T | 7.14T |
| Cash, Cash Equivalents and Short-Term Investments | 999.63B | 952.16B | 1.24T | 1.80T | 1.99T | 2.80T |
| Total Debt | 243.38B | 243.53B | 222.05B | 198.94B | 182.47B | 690.05B |
| Total Liabilities | 6.65T | 6.52T | 6.46T | 6.55T | 6.42T | 6.94T |
| Stockholders Equity | 225.81B | 217.75B | 197.23B | 206.18B | 191.01B | 192.74B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 69.17B | 24.24B | 1.75B | -768.00B | 0.00 |
| Operating Cash Flow | 0.00 | 71.69B | 27.62B | 6.71B | -759.85B | 0.00 |
| Investing Cash Flow | 0.00 | -386.45B | -350.27B | -302.83B | -49.66B | -44.37B |
| Financing Cash Flow | 0.00 | 24.88B | -143.11B | -1.73B | -1.90B | 81.65B |
Toho Bank, Ltd. Technical Analysis
Positive
559.00
Price Trends
901.02
Positive
815.34
Positive
705.89
Positive
Market Momentum
26.66
Positive
62.64
Neutral
75.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8346, the sentiment is Positive. The current price of 559 is below the 20-day moving average (MA) of 974.75, below the 50-day MA of 901.02, and below the 200-day MA of 705.89, indicating a bullish trend. The MACD of 26.66 indicates Positive momentum. The RSI at 62.64 is Neutral, neither overbought nor oversold. The STOCH value of 75.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8346.
Toho Bank, Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
88 Outperform | ¥210.64B | 11.48 | ― | 2.57% | 13.91% | 76.61% | |
73 Outperform | ¥228.39B | 14.37 | ― | 1.56% | 8.31% | 47.11% | |
72 Outperform | ¥223.68B | 18.17 | ― | 1.72% | 23.09% | 35.52% | |
69 Neutral | ¥237.90B | 19.94 | 4.63% | 1.15% | 25.47% | 54.85% | |
68 Neutral | ¥252.31B | 17.30 | ― | 1.74% | 30.35% | 66.60% | |
66 Neutral | ¥233.10B | 18.80 | ― | 1.87% | 30.03% | 47.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8346
Toho Bank, Ltd.
976.00
572.80
142.06%
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203.79%
Toho Bank, Ltd. Corporate Events
Toho Bank Strengthens Capital Adequacy in First Quarter of FY2027
Aug 7, 2026
The Toho Bank, Ltd. reported an improvement in its capital adequacy ratios at the end of the first quarter of the fiscal year ending March 31, 2027, based on figures as of June 30, 2026. On a consolidated basis, its capital amount rose to ¥20...
Toho Bank Posts Strong Q1 Earnings and Confirms Higher Dividend for FY2027
Jul 31, 2026
As of June 30, 2026, Toho Bank reported robust quarterly performance, with ordinary income climbing 34.3% year on year to ¥30.16 billion and ordinary profit jumping 55.7% to ¥7.58 billion, driving profit attributable to owners to ¥5...
Toho Bank Completes Disposal of Treasury Shares for Restricted Stock Remuneration
Jul 24, 2026
The Toho Bank, Ltd. has completed payment procedures for the disposal of 82,187 treasury shares as restricted stock remuneration, following a June 26, 2026 board resolution. The shares, priced at 765 yen each for a total of 62,873,055 yen, were al...
Toho Bank Expands Restricted Stock Pay Plan With Disposal of Treasury Shares
Jun 26, 2026
The Toho Bank has approved the disposal of 82,187 treasury shares of common stock on July 24, 2026, at 765 yen per share, to 18 internal directors and executive officers as restricted stock remuneration. This disposal, totaling about 62.9 million ...
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.