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Toho Bank, Ltd.
(8346)
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Rating:66Neutral
Price Target:
¥1,185.00
▲(111.99% Upside)
Action:Reiterated
Date:09/26/26
The score is mainly supported by strong technical momentum and an improving earnings profile with sharp revenue and net income growth in 2026. Offsetting factors are inconsistent cash-flow history and only moderate balance-sheet/return metrics, while valuation looks average with a modest dividend yield.
Positive Factors
Earnings recovery and growth
The rebound from earlier losses and sharp 2026 revenue acceleration indicate stronger operating performance and improving earnings capacity. If this trajectory persists, higher profits can support capital formation, customer growth initiatives, and greater resilience across the next several quarters.
Negative Factors
Volatile cash conversion
The wide swings in operating and free cash flow make underlying cash conversion difficult to predict despite the latest improvement. Such variability can complicate capital planning and may leave less dependable internally generated funding for lending growth or balance-sheet strengthening.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings recovery and growth
The rebound from earlier losses and sharp 2026 revenue acceleration indicate stronger operating performance and improving earnings capacity. If this trajectory persists, higher profits can support capital formation, customer growth initiatives, and greater resilience across the next several quarters.
Read all positive factors
Toho Bank, Ltd. (8346) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥254.83B
Dividend Yield1.55%
Average Volume (3M)831.29K
Price to Earnings (P/E)19.4
Beta (1Y)1.21
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. Volume724,600
30 Day Avg. Volume831,290
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’s earnings are primarily driven by banking intermediation and fee-based financial services.
1) Net interest income (core profit engine): The bank collects funds mainly through customer deposits and other funding sources, then extends th...
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
947.42
Positive
851.60
Positive
735.85
Positive
Market Momentum
27.75
Negative
73.07
Negative
72.57
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 1002.65, below the 50-day MA of 947.42, and below the 200-day MA of 735.85, indicating a bullish trend. The MACD of 27.75 indicates Negative momentum. The RSI at 73.07 is Negative, neither overbought nor oversold. The STOCH value of 72.57 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 | ¥217.18B | 12.82 | ― | 2.29% | 13.91% | 76.61% | |
72 Outperform | ¥215.00B | 19.40 | ― | 1.61% | 23.09% | 35.52% | |
69 Neutral | ¥242.58B | 22.03 | 4.63% | 1.04% | 25.47% | 54.85% | |
68 Neutral | ¥234.87B | 16.55 | ― | 1.35% | 8.31% | 47.11% | |
66 Neutral | ¥254.83B | 19.39 | ― | 1.55% | 30.35% | 66.60% | |
66 Neutral | ¥233.42B | 20.26 | ― | 1.72% | 30.03% | 47.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8346
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Toho Bank, Ltd. Corporate Events
Toho Bank Hikes Dividend Forecast on Stronger Earnings Outlook
Sep 25, 2026
The Toho Bank, Ltd. has revised upward its interim and fiscal year-end dividend forecasts for the year ending March 31, 2027, lifting each payment from ¥10.50 to ¥13.00 per share. This change raises the total annual dividend to ¥26....
Toho Bank Boosts Earnings Forecasts on Strong Loan and Securities Income
Sep 25, 2026
Toho Bank has sharply revised upward its consolidated earnings forecasts for the fiscal year ending March 31, 2027, reflecting stronger-than-expected performance in its core banking operations. The bank now expects ordinary income of ¥147.2 b...
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.