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Shiga Bank, Ltd.
(8366)
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Rating:62Neutral
Price Target:
¥2,939.00
▼(-61.48% Downside)
Action:Reiterated
Date:07/08/26
The score is driven primarily by stable-to-improving fundamentals (revenue growth, solid profitability, and improving leverage), offset by materially volatile cash flow history and modest ROE. Technicals are supportive due to a strong uptrend, but overbought momentum signals add near-term risk. Valuation is the largest headwind given the high P/E and only modest dividend yield.
Positive Factors
Sustained Revenue Growth
Consistent top-line growth, including acceleration to ~9.3% in FY2026, indicates durable demand for lending and fee services in the bank's region. Over a 2–6 month horizon this supports continued scale, underwriting capacity and reinvestment into channels that widen customer reach and fee diversification.
Negative Factors
Volatile Cash Generation
Erratic operating and free cash flow across multiple years weakens predictability of internal funding for lending, dividends or capital returns. This inconsistency raises medium-term execution risk, complicates capital planning, and can force reliance on external funding during adverse periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent top-line growth, including acceleration to ~9.3% in FY2026, indicates durable demand for lending and fee services in the bank's region. Over a 2–6 month horizon this supports continued scale, underwriting capacity and reinvestment into channels that widen customer reach and fee diversification.
Read all positive factors
Shiga Bank, Ltd. (8366) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥663.95B
Dividend Yield1.5%
Average Volume (3M)133.87K
Price to Earnings (P/E)31.3
Beta (1Y)1.13
Revenue Growth18.76%
EPS Growth15.43%
CountryJP
Employees2,243
SectorGeneral
Sector StrengthN/A
IndustryBanks - Regional
Share Statistics
EPS (TTM)92.28
Shares Outstanding240,450,410
10 Day Avg. Volume131,030
30 Day Avg. Volume133,873
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)0.84
Price to Sales (P/S)2.76
P/FCF Ratio26.26
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)112.86
Revenue Forecast (FY)¥184.10B
Shiga Bank, Ltd. Business Overview & Revenue Model
Company Description
Established in 1933 and headquartered in Otsu, Japan, The Shiga Bank, Ltd. operates as a comprehensive financial institution, delivering a wide array of banking services to customers both domestically and internationally. Its diverse offerings inc...
How the Company Makes Money
Shiga Bank’s earnings are primarily generated through (1) interest-related income and (2) fee-based (non-interest) income, supplemented by results from securities and other banking activities.
1) Net interest income (core banking spread)
- The ba...
Shiga Bank, Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
46
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 155.64B | 142.99B | 120.44B | 113.52B | 93.75B |
| Gross Profit | 128.79B | 115.24B | 98.44B | 103.25B | 89.19B |
| EBITDA | 31.63B | 27.75B | 26.14B | 22.01B | 25.66B |
| Net Income | 21.29B | 18.72B | 15.94B | 14.86B | 17.71B |
Balance Sheet | |||||
| Total Assets | 7.67T | 7.53T | 7.97T | 7.31T | 7.54T |
| Cash, Cash Equivalents and Short-Term Investments | 1.04T | 898.94B | 1.36T | 1.20T | 1.75T |
| Total Debt | 1.01T | 1.21T | 1.47T | 776.55B | 1.27T |
| Total Liabilities | 7.16T | 7.08T | 7.48T | 6.86T | 7.07T |
| Stockholders Equity | 509.02B | 444.81B | 490.89B | 441.22B | 464.21B |
Cash Flow | |||||
| Free Cash Flow | 16.37B | 0.00 | 368.47B | -488.52B | 0.00 |
| Operating Cash Flow | 19.09B | 0.00 | 369.60B | -483.43B | 0.00 |
| Investing Cash Flow | 51.47B | -47.63B | -288.59B | -57.99B | 21.82B |
| Financing Cash Flow | 42.67B | -381.21B | 565.53B | -7.95B | 200.07B |
Shiga Bank, Ltd. Technical Analysis
Positive
7630.00
Price Trends
2235.52
Positive
2030.17
Positive
1711.74
Positive
Market Momentum
181.98
Negative
80.86
Negative
89.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8366, the sentiment is Positive. The current price of 7630 is above the 20-day moving average (MA) of 2511.35, above the 50-day MA of 2235.52, and above the 200-day MA of 1711.74, indicating a bullish trend. The MACD of 181.98 indicates Negative momentum. The RSI at 80.86 is Negative, neither overbought nor oversold. The STOCH value of 89.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8366.
Shiga Bank, Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥523.40B | 18.70 | 3.95% | 2.19% | 16.41% | 51.26% | |
72 Outperform | ¥437.92B | 12.94 | 8.52% | 2.12% | 12.08% | 86.41% | |
71 Outperform | ¥436.40B | 16.08 | ― | 2.94% | 14.34% | 32.85% | |
70 Outperform | ¥327.17B | 16.87 | ― | 2.27% | 33.67% | 31.83% | |
69 Neutral | ¥306.10B | 17.11 | ― | 3.46% | 11.64% | 26.63% | |
62 Neutral | ¥663.95B | 31.29 | ― | 1.50% | 18.76% | 15.43% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:8366
Shiga Bank, Ltd.
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Shiga Bank, Ltd. Corporate Events
Shiga Bank Issues Restricted Stock to Directors and Executives as Part of Incentive Plan
Jun 24, 2026
Shiga Bank has approved the disposal of 17,977 treasury shares as restricted stock compensation for six internal directors and nine executive officers, with a total value of approximately ¥42.3 million. The move forms part of a broader restri...
Shiga Bank Boosts Ordinary Income on Higher Interest Earnings
May 13, 2026
Shiga Bank, Ltd., a Japanese regional lender listed on the TSE Prime Market, focuses on traditional banking services such as loans, discounts, and securities investments to support its customer base. Its earnings structure is driven largely by int...
Shiga Bank Announces Leadership Overhaul to Boost Corporate Value
May 13, 2026
The Shiga Bank, Ltd. has announced a broad reshuffle of its top management, naming Director and Managing Executive Officer Hidekazu Toda as the next Representative Director and Senior Managing Executive Officer, effective after the June 24, 2026 s...
Shiga Bank Lifts ROE Target as Medium-Term Plan Outperforms
May 13, 2026
The Shiga Bank, Ltd. has raised the financial targets in its 8th Medium-Term Business Plan, repositioning its consolidated return on equity goal of 8% or more from a long-term challenge to a target to be achieved by the fiscal year ending March 20...
Shiga Bank Shifts Shareholder Return Policy Toward Higher Dividend Focus
May 13, 2026
Shiga Bank has revised its shareholder return policy under its 8th Medium-Term Business Plan, shifting its focus from a total shareholder return ratio target of around 40% over five years to aiming for a dividend payout ratio of approximately 40% ...
Shiga Bank Lifts Year-End Dividend and Signals Stronger Shareholder Returns
May 13, 2026
The Shiga Bank, Ltd. has announced that its board will propose a higher year-end dividend of JPY 75 per share for the fiscal year ended March 31, 2026, up from the previously forecast JPY 65 and the prior year’s JPY 45. This raises the total...
Shiga Bank Posts Profit Surge and Raises Dividend on Strong FY2026 Results
May 13, 2026
Shiga Bank reported strong consolidated results for the fiscal year ended March 31, 2026, with ordinary income rising 19.5% to ¥159.1 billion and ordinary profit jumping 53.2% to ¥29.0 billion. Profit attributable to owners increased 13....
Shiga Bank Enters Capital and Business Alliance With Senshu Ikeda Holdings
Apr 17, 2026
The Shiga Bank has agreed a capital and business alliance with Senshu Ikeda Holdings, whose core areas are Osaka and Hyogo prefectures, aiming to strengthen regional financial capabilities across neighboring markets. The partners will mutually acq...
Shiga Bank Denies Decision on Reported Alliance With Senshu Ikeda Holdings
Apr 16, 2026
The Shiga Bank, Ltd., a regional lender listed on the TSE Prime Market, has addressed reports about a potential capital and business tie-up with Senshu Ikeda Holdings, Inc. The bank emphasized that it routinely examines various strategic options a...
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.