Announcement • Jun 04
The Awa Bank, Ltd. to Report Q1, 2027 Results on Jul 31, 2026 The Awa Bank, Ltd. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Jul 31, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥397 (vs JP¥331 in FY 2025) Full year 2026 results: EPS: JP¥397 (up from JP¥331 in FY 2025). Revenue: JP¥82.6b (up 21% from FY 2025). Net income: JP¥15.5b (up 18% from FY 2025). Profit margin: 19% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Live News • May 16
Awa Bank Lifts Dividend Targets and Eyes Shareholder Returns for 130th Anniversary Awa Bank reported double-digit profit growth and a stronger capital base, and is planning significantly higher annual dividends, including a special commemorative dividend for its 130th anniversary.
The bank has raised its midterm fiscal 2027 targets for profitability and efficiency, including goals for higher profits, a lower overhead ratio and improved return on assets.
A revised shareholder return policy targets a dividend payout ratio of at least 40% of profit attributable to owners from the fiscal year ending March 2027, with additional flexibility to use share buybacks.
These moves indicate a clear focus on capital efficiency and cash returns, with management explicitly tying higher dividends to profit levels while keeping room for reinvestment and capital strength.
Investors may want to monitor how actual earnings and asset quality develop relative to the new 2027 targets, since the sustainability of the higher dividend policy and any future buybacks will depend on those fundamentals. Announcement • May 15
The Awa Bank, Ltd., Annual General Meeting, Jun 26, 2026 The Awa Bank, Ltd., Annual General Meeting, Jun 26, 2026. Buy Or Sell Opportunity • May 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥6,620. The fair value is estimated to be JP¥5,479, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Announcement • May 10
The Awa Bank, Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 The Awa Bank, Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Buy Or Sell Opportunity • Apr 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to JP¥6,610. The fair value is estimated to be JP¥5,484, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 16%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥101 (vs JP¥69.21 in 3Q 2025) Third quarter 2026 results: EPS: JP¥101 (up from JP¥69.21 in 3Q 2025). Revenue: JP¥21.7b (up 19% from 3Q 2025). Net income: JP¥3.93b (up 42% from 3Q 2025). Profit margin: 18% (up from 15% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 27
The Awa Bank, Ltd. (TSE:8388) announces an Equity Buyback for 200,000 shares, representing 0.5% for ¥1,000 million. The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.5% of its issued share capital, for ¥1,000 million. The purpose of the buyback is to implement flexible capital policies in response to changes in the business environment and to return profits to shareholders. The program will expire on March 18, 2026. As of December 31, 2025 , the company had 39,869,367 total issued shares (excluding treasury stock) and 130,633 treasury shares. Declared Dividend • Dec 06
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 03
The Awa Bank, Ltd. to Report Q3, 2026 Results on Jan 30, 2026 The Awa Bank, Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥115 (vs JP¥73.92 in 2Q 2025) Second quarter 2026 results: EPS: JP¥115 (up from JP¥73.92 in 2Q 2025). Revenue: JP¥23.0b (up 39% from 2Q 2025). Net income: JP¥4.48b (up 52% from 2Q 2025). Profit margin: 19% (up from 18% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 01
The Awa Bank, Ltd. to Report Q2, 2026 Results on Nov 14, 2025 The Awa Bank, Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Buy Or Sell Opportunity • Aug 19
Now 21% undervalued Over the last 90 days, the stock has risen 23% to JP¥3,390. The fair value is estimated to be JP¥4,265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.9% over the last 3 years. Earnings per share has grown by 8.7%. Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: JP¥95.81 (vs JP¥107 in 1Q 2025) First quarter 2026 results: EPS: JP¥95.81 (down from JP¥107 in 1Q 2025). Revenue: JP¥19.4b (up 6.6% from 1Q 2025). Net income: JP¥3.78b (down 12% from 1Q 2025). Profit margin: 20% (down from 24% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 24
The Awa Bank, Ltd. to Report Q1, 2026 Results on Jul 25, 2025 The Awa Bank, Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • May 12
Full year 2025 earnings released: EPS: JP¥331 (vs JP¥277 in FY 2024) Full year 2025 results: EPS: JP¥331 (up from JP¥277 in FY 2024). Revenue: JP¥69.6b (up 8.9% from FY 2024). Net income: JP¥13.2b (up 17% from FY 2024). Profit margin: 19% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Announcement • May 09
The Awa Bank, Ltd., Annual General Meeting, Jun 27, 2025 The Awa Bank, Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,498, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 29% over the past three years. Announcement • Mar 26
The Awa Bank, Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 The Awa Bank, Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Announcement • Feb 26
The Awa Bank, Ltd. (TSE:8388) announces an Equity Buyback for 180,000 shares, representing 0.45% for ¥500 million. The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 0.45% of its issued share capital, for ¥500 million. The purpose of the buyback is to implement flexible capital policies in response to changes in the business environment and to return profits to shareholders. The program will expire on March 19, 2025. As of September 30, 2024, the company had 40,038,860 total issued shares (excluding treasury stock) and 1,001,140 treasury shares. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥69.21 (vs JP¥88.14 in 3Q 2024) Third quarter 2025 results: EPS: JP¥69.21 (down from JP¥88.14 in 3Q 2024). Revenue: JP¥18.3b (up 6.4% from 3Q 2024). Net income: JP¥2.76b (down 23% from 3Q 2024). Profit margin: 15% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Dec 13
The Awa Bank, Ltd. to Report Q3, 2025 Results on Jan 31, 2025 The Awa Bank, Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥73.92 (vs JP¥63.91 in 2Q 2024) Second quarter 2025 results: EPS: JP¥73.92 (up from JP¥63.91 in 2Q 2024). Revenue: JP¥17.7b (up 13% from 2Q 2024). Net income: JP¥2.95b (up 14% from 2Q 2024). Profit margin: 17% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Announcement • Nov 08
The Awa Bank, Ltd. (TSE:8388) announces an Equity Buyback for 200,000 shares, representing 0.5% for ¥500 million. The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.5% of its issued share capital, for ¥500 million. The purpose of the buyback is to implement a flexible capital policy and provide returns to shareholders. The program will expire on December 13, 2024. As of September 30, 2024, the company had 40,215,420 total issued shares (excluding treasury stock) and 824,580 treasury shares. Announcement • Sep 26
The Awa Bank, Ltd. to Report Q2, 2025 Results on Nov 08, 2024 The Awa Bank, Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,230, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥107 (vs JP¥69.35 in 1Q 2024) First quarter 2025 results: EPS: JP¥107 (up from JP¥69.35 in 1Q 2024). Revenue: JP¥18.2b (up 17% from 1Q 2024). Net income: JP¥4.27b (up 51% from 1Q 2024). Profit margin: 24% (up from 18% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Announcement • Jun 27
The Awa Bank, Ltd. to Report Q1, 2025 Results on Jul 26, 2024 The Awa Bank, Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥277 (vs JP¥248 in FY 2023) Full year 2024 results: EPS: JP¥277 (up from JP¥248 in FY 2023). Revenue: JP¥64.8b (down 18% from FY 2023). Net income: JP¥11.3b (up 10% from FY 2023). Profit margin: 17% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. Announcement • May 12
The Awa Bank, Ltd., Annual General Meeting, Jun 27, 2024 The Awa Bank, Ltd., Annual General Meeting, Jun 27, 2024. Announcement • May 11
The Awa Bank, Ltd. (TSE:8388) announces an Equity Buyback for 180,000 shares, representing 0.45% for ¥500 million. The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase 180,000 shares, representing 0.45% of its share capital, for ¥500 million. The company will repurchase its shares in order to flexibly implement capital policies in response to changes in the business environment and return profits to shareholders. The shares repurchased will be cancelled. The program will run until June 20, 2024. As of April 30, 2024, the company had 40,395,554 shares issued and 644,446 shares in treasury. New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Announcement • Mar 29
The Awa Bank, Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 The Awa Bank, Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Announcement • Feb 21
The Awa Bank, Ltd. (TSE:8388) announces an Equity Buyback for 400,000 shares, representing 0.98% for ¥1,000 million. The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 0.98% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to flexibly implement capital policies in response to changes in the business environment and return profits to shareholders. The shares repurchased will be cancelled. The program will run until March 21, 2024. As of January 31, 2024, the company had 40,753,221 shares issued and 286,779 shares in treasury. Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥88.13 (vs JP¥60.35 in 3Q 2023) Third quarter 2024 results: EPS: JP¥88.13 (up from JP¥60.35 in 3Q 2023). Revenue: JP¥18.7b (down 29% from 3Q 2023). Net income: JP¥3.58b (up 44% from 3Q 2023). Profit margin: 19% (up from 9.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 14
The Awa Bank, Ltd. to Report Q3, 2024 Results on Jan 26, 2024 The Awa Bank, Ltd. announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥63.91 (vs JP¥27.81 in 2Q 2023) Second quarter 2024 results: EPS: JP¥63.91 (up from JP¥27.81 in 2Q 2023). Revenue: JP¥17.6b (down 2.7% from 2Q 2023). Net income: JP¥2.60b (up 127% from 2Q 2023). Profit margin: 15% (up from 6.3% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 22
The Awa Bank, Ltd. to Report Q2, 2024 Results on Nov 10, 2023 The Awa Bank, Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). New Risk • Jul 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥69.35 (vs JP¥99.60 in 1Q 2023) First quarter 2024 results: EPS: JP¥69.35 (down from JP¥99.60 in 1Q 2023). Revenue: JP¥16.3b (down 13% from 1Q 2023). Net income: JP¥2.83b (down 32% from 1Q 2023). Profit margin: 17% (down from 22% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 28
The Awa Bank, Ltd. to Report Q1, 2024 Results on Jul 28, 2023 The Awa Bank, Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥248 (vs JP¥265 in FY 2022) Full year 2023 results: EPS: JP¥248 (down from JP¥265 in FY 2022). Revenue: JP¥79.4b (up 28% from FY 2022). Net income: JP¥10.2b (down 8.1% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 14
The Awa Bank, Ltd., Annual General Meeting, Jun 29, 2023 The Awa Bank, Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.50 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,928, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 6.5% over the past three years. Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥60.34 (vs JP¥84.75 in 3Q 2022) Third quarter 2023 results: EPS: JP¥60.34 (down from JP¥84.75 in 3Q 2022). Revenue: JP¥27.4b (up 70% from 3Q 2022). Net income: JP¥2.48b (down 30% from 3Q 2022). Profit margin: 9.1% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 15
The Awa Bank, Ltd. to Report Q3, 2023 Results on Jan 27, 2023 The Awa Bank, Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥27.81 (vs JP¥41.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.81 (down from JP¥41.09 in 2Q 2022). Revenue: JP¥18.6b (up 35% from 2Q 2022). Net income: JP¥1.15b (down 34% from 2Q 2022). Profit margin: 6.2% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Masaki Hashizume was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥27.81 (vs JP¥41.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.81 (down from JP¥41.09 in 2Q 2022). Revenue: JP¥18.6b (up 35% from 2Q 2022). Net income: JP¥1.15b (down 34% from 2Q 2022). Profit margin: 6.2% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 12
The Awa Bank, Ltd. (TSE:8388) announces an Equity Buyback for 500,000 shares, representing 1.21% for ¥1,000 million. The Awa Bank, Ltd. (TSE:8388) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.20% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to flexibly implement capital policies in response to changes in the business environment and return profits to shareholders. The shares repurchased will be cancelled. The program will run until December 22, 2022. As of October 31, 2022, the company had 41,453,015 shares issued and 1,786,985 shares in treasury. Announcement • Sep 28
The Awa Bank, Ltd. to Report Q2, 2023 Results on Nov 11, 2022 The Awa Bank, Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.4%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥99.60 (vs JP¥76.12 in 1Q 2022) First quarter 2023 results: EPS: JP¥99.60 (up from JP¥76.12 in 1Q 2022). Revenue: JP¥18.9b (up 19% from 1Q 2022). Net income: JP¥4.12b (up 29% from 1Q 2022). Profit margin: 22% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jun 29
The Awa Bank, Ltd. to Report Q1, 2023 Results on Jul 29, 2022 The Awa Bank, Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 18
The Awa Bank, Ltd., Annual General Meeting, Jun 29, 2022 The Awa Bank, Ltd., Annual General Meeting, Jun 29, 2022. Agenda: General meeting of shareholders. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥265 (vs JP¥203 in FY 2021) Full year 2022 results: EPS: JP¥265 (up from JP¥203 in FY 2021). Revenue: JP¥62.9b (up 13% from FY 2021). Net income: JP¥11.1b (up 31% from FY 2021). Profit margin: 18% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Apr 08
The Awa Bank, Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 The Awa Bank, Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Buying Opportunity • Apr 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be JP¥2,664, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.2%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.0%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥84.75 (up from JP¥61.58 in 3Q 2021). Revenue: JP¥19.1b (up 33% from 3Q 2021). Net income: JP¥3.55b (up 38% from 3Q 2021). Profit margin: 19% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥41.09 (vs JP¥47.60 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥16.2b (up 17% from 2Q 2021). Net income: JP¥1.73b (down 13% from 2Q 2021). Profit margin: 11% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥76.12 (vs JP¥48.21 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥16.3b (up 18% from 1Q 2021). Net income: JP¥3.19b (up 57% from 1Q 2021). Profit margin: 20% (up from 15% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥203 (vs JP¥262 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥57.6b (down 1.1% from FY 2020). Net income: JP¥8.50b (down 24% from FY 2020). Profit margin: 15% (down from 19% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.8%). Is New 90 Day High Low • Mar 15
New 90-day high: JP¥2,559 The company is up 4.0% from a price of JP¥2,455 on 15 December 2020. Underperformed the Japanese market, which is up 9.0% over the last 90 days. Lagged the Banks industry, which is up 23% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥61.58 (vs JP¥62.33 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥19.1b (up 35% from 3Q 2020). Net income: JP¥2.58b (down 2.9% from 3Q 2020). Profit margin: 14% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 20
New 90-day low: JP¥2,241 The company is down 11% from its price of JP¥2,525 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 9.0% over the same period. Announcement • Dec 19
The Awa Bank, Limited to Report Q3, 2021 Results on Jan 29, 2021 The Awa Bank, Limited announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 15
New 90-day low: JP¥2,455 The company is down 4.0% from its price of JP¥2,554 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. Announcement • Oct 10
The Awa Bank, Limited to Report Q2, 2021 Results on Nov 13, 2020 The Awa Bank, Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Jun 29
The Awa Bank, Limited to Report Q1, 2021 Results on Jul 20, 2020 The Awa Bank, Limited announced that they will report Q1, 2021 results on Jul 20, 2020 
