Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥466 (vs JP¥132 in FY 2025) Full year 2026 results: EPS: JP¥466 (up from JP¥132 in FY 2025). Revenue: JP¥87.3b (up 17% from FY 2025). Net income: JP¥15.4b (up 17% from FY 2025). Profit margin: 18% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Live News • May 12
Musashino Bank Reports Profit Growth With Dividend Hike and Share Split Plans Musashino Bank reported double-digit gains in income and profit, with assets and equity also higher, and announced a three-for-one share split alongside a dividend hike.
The bank issued guidance that points to profit growth through fiscal 2027, signaling confidence in its earnings and capital policy.
Governance reforms will shift the structure to a company with an Audit and Supervisory Committee, expand the board, and give the board authority to decide dividends of surplus, while director stock compensation moves to an annual, performance-based share plan with transfer restrictions.
Together, the stronger earnings profile, dividend measures and share split indicate that management is aiming to make the stock more accessible while also returning more cash to shareholders.
The governance and compensation changes increase the focus on audit oversight and tie director incentives more closely to medium to long term performance, which you may want to track for any impact on risk management and capital allocation decisions over time. Announcement • May 11
The Musashino Bank, Ltd., Annual General Meeting, Jun 25, 2026 The Musashino Bank, Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
The Musashino Bank, Ltd. to Report Fiscal Year 2026 Results on May 11, 2026 The Musashino Bank, Ltd. announced that they will report fiscal year 2026 results on May 11, 2026 Buy Or Sell Opportunity • Apr 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to JP¥2,450. The fair value is estimated to be JP¥1,992, 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 12%. Buy Or Sell Opportunity • Apr 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to JP¥2,407. The fair value is estimated to be JP¥1,993, 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 12%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.7%). Announcement • Mar 16
The Musashino Bank, Ltd. (TSE:8336) announces an Equity Buyback for 2,000,000 shares, representing 6.04% for ¥10,000 million. The Musashino Bank, Ltd. (TSE:8336) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 6.04% of its issued share capital, for ¥10,000 million. The purpose of the program is to return profits to shareholders through improving capital efficiency with implementation of flexible capital policies. Repurchased shares will be cancelled. The program will be valid till December 30, 2026. As of February 28, 2026, the company had 33,140,015 issued shares (excluding treasury stock) and 265,441 treasury shares. Announcement • Feb 16
The Musashino Bank, Ltd. Announces Resignation of Ken Otomo as Representative Director and Director, Effective February 28, 2026 The Musashino Bank, Ltd. announced that Ken Otomo will be resigning from Representative Director and Director as detailed below. Senior Managing Director (Representative Director) Ken Otomo will resign on February 28, 2026. The Representative Director in question has indicated his intention to resign due to health reasons. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥142 (vs JP¥95.43 in 3Q 2025) Third quarter 2026 results: EPS: JP¥142 (up from JP¥95.43 in 3Q 2025). Revenue: JP¥24.5b (up 27% from 3Q 2025). Net income: JP¥4.70b (up 49% from 3Q 2025). Profit margin: 19% (up from 16% 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 12% 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 • Dec 11
The Musashino Bank, Ltd. to Report Q3, 2026 Results on Jan 30, 2026 The Musashino Bank, Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 11
First half dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 18
Now 21% undervalued Over the last 90 days, the stock has risen 13% to JP¥4,280. The fair value is estimated to be JP¥5,393, 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 grown by 11%. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥119 (vs JP¥97.73 in 2Q 2025) Second quarter 2026 results: EPS: JP¥119 (up from JP¥97.73 in 2Q 2025). Revenue: JP¥22.0b (up 17% from 2Q 2025). Net income: JP¥3.94b (up 22% from 2Q 2025). Profit margin: 18% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 11% 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 • Sep 25
Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders. Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures.
The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025.
Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders on September 24, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Announcement • Sep 04
The Musashino Bank, Ltd. to Report Q2, 2026 Results on Nov 07, 2025 The Musashino Bank, Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Announcement • Aug 08
Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion. Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures.
The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥126 (vs JP¥115 in 1Q 2025) First quarter 2026 results: EPS: JP¥126 (up from JP¥115 in 1Q 2025). Revenue: JP¥20.7b (up 8.8% from 1Q 2025). Net income: JP¥4.17b (up 9.7% from 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 3.9%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
The Musashino Bank, Ltd. to Report Q1, 2026 Results on Jul 31, 2025 The Musashino Bank, Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥397 (vs JP¥340 in FY 2024) Full year 2025 results: EPS: JP¥397 (up from JP¥340 in FY 2024). Revenue: JP¥75.1b (flat on FY 2024). Net income: JP¥13.1b (up 17% from FY 2024). Profit margin: 18% (up from 15% in FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
The Musashino Bank, Ltd., Annual General Meeting, Jun 26, 2025 The Musashino Bank, Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,728, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 79% over the past three years. Announcement • Mar 26
The Musashino Bank, Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 The Musashino Bank, Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥95.43 (vs JP¥72.07 in 3Q 2024) Third quarter 2025 results: EPS: JP¥95.43 (up from JP¥72.07 in 3Q 2024). Revenue: JP¥19.3b (up 1.8% from 3Q 2024). Net income: JP¥3.16b (up 32% from 3Q 2024). Profit margin: 16% (up from 13% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 07
The Musashino Bank, Ltd. to Report Q3, 2025 Results on Jan 31, 2025 The Musashino 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¥97.73 (vs JP¥97.41 in 2Q 2024) Second quarter 2025 results: EPS: JP¥97.73 (up from JP¥97.41 in 2Q 2024). Revenue: JP¥19.0b (flat on 2Q 2024). Net income: JP¥3.23b (flat on 2Q 2024). Profit margin: 17% (in line with 2Q 2024). 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 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than 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. This is currently the only risk that has been identified for the company. Announcement • Aug 31
The Musashino Bank, Ltd. to Report Q2, 2025 Results on Nov 08, 2024 The Musashino Bank, Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Aug 06
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 7.3% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥115 (vs JP¥84.48 in 1Q 2024) First quarter 2025 results: EPS: JP¥115 (up from JP¥84.48 in 1Q 2024). Revenue: JP¥19.1b (up 3.5% from 1Q 2024). Net income: JP¥3.80b (up 35% from 1Q 2024). Profit margin: 20% (up from 15% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 17
The Musashino Bank, Ltd. to Report Q1, 2025 Results on Aug 02, 2024 The Musashino Bank, Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥340 (vs JP¥325 in FY 2023) Full year 2024 results: EPS: JP¥340 (up from JP¥325 in FY 2023). Revenue: JP¥75.7b (down 1.8% from FY 2023). Net income: JP¥11.3b (up 3.7% from FY 2023). Profit margin: 15% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
The Musashino Bank, Ltd., Annual General Meeting, Jun 26, 2024 The Musashino Bank, Ltd., Annual General Meeting, Jun 26, 2024. Announcement • Mar 21
The Musashino Bank, Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 The Musashino Bank, Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥72.07 (vs JP¥94.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥72.07 (down from JP¥94.38 in 3Q 2023). Revenue: JP¥20.1b (flat on 3Q 2023). Net income: JP¥2.38b (down 25% from 3Q 2023). Profit margin: 12% (down from 16% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 06
The Musashino Bank, Ltd. to Report Q3, 2024 Results on Feb 02, 2024 The Musashino Bank, Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥97.41 (vs JP¥89.26 in 2Q 2023) Second quarter 2024 results: EPS: JP¥97.41 (up from JP¥89.26 in 2Q 2023). Revenue: JP¥20.2b (up 12% from 2Q 2023). Net income: JP¥3.23b (up 7.9% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Announcement • Sep 03
The Musashino Bank, Ltd. to Report Q2, 2024 Results on Nov 09, 2023 The Musashino Bank, Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥84.48 (vs JP¥68.20 in 1Q 2023) First quarter 2024 results: EPS: JP¥84.48 (up from JP¥68.20 in 1Q 2023). Revenue: JP¥19.4b (up 4.0% from 1Q 2023). Net income: JP¥2.82b (up 24% from 1Q 2023). Profit margin: 14% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Announcement • Jun 14
The Musashino Bank, Ltd. to Report Q1, 2024 Results on Aug 02, 2023 The Musashino Bank, Ltd. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥325 (vs JP¥269 in FY 2022) Full year 2023 results: EPS: JP¥325 (up from JP¥269 in FY 2022). Revenue: JP¥77.6b (up 16% from FY 2022). Net income: JP¥10.9b (up 21% from FY 2022). Profit margin: 14% (in line with FY 2022). 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 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
The Musashino Bank, Ltd., Annual General Meeting, Jun 28, 2023 The Musashino Bank, Ltd., Annual General Meeting, Jun 28, 2023. Announcement • May 12
The Musashino Bank, Ltd. (TSE:8336) announces an Equity Buyback for 400,000 shares, representing 1.19% for ¥1,000 million. The Musashino Bank, Ltd. (TSE:8336) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.19% of its issued share capital, for ¥1,000 million. The purpose of the program is to return profits to shareholders by improving capital efficiency through execution of a flexible capital policy. The program will be valid till August 10, 2023. As of March 31, 2023, the company had 33,534,839 issued shares (excluding treasury stock) and 270,617 treasury shares. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). In line with 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¥2,234, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 122% over the past three years. Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥94.38 (vs JP¥43.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥94.38 (up from JP¥43.23 in 3Q 2022). Revenue: JP¥21.6b (up 26% from 3Q 2022). Net income: JP¥3.16b (up 118% from 3Q 2022). Profit margin: 15% (up from 8.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 04
The Musashino Bank, Ltd. to Report Q3, 2023 Results on Feb 03, 2023 The Musashino Bank, Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Outside Independent Director Sanada Yukimitsu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥89.26 (vs JP¥39.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥89.26 (up from JP¥39.02 in 2Q 2022). Revenue: JP¥19.5b (up 22% from 2Q 2022). Net income: JP¥2.99b (up 129% from 2Q 2022). Profit margin: 15% (up from 8.2% in 2Q 2022). The increase in margin was driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.4%). Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥68.19 (vs JP¥110 in 1Q 2022) First quarter 2023 results: EPS: JP¥68.19 (down from JP¥110 in 1Q 2022). Revenue: JP¥19.4b (up 12% from 1Q 2022). Net income: JP¥2.28b (down 38% from 1Q 2022). Profit margin: 12% (down from 21% in 1Q 2022). 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 fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 08
The Musashino Bank, Ltd. to Report Q1, 2023 Results on Aug 02, 2022 The Musashino Bank, Ltd. announced that they will report Q1, 2023 results on Aug 02, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥269 (vs JP¥240 in FY 2021) Full year 2022 results: EPS: JP¥269 (up from JP¥240 in FY 2021). Revenue: JP¥67.5b (up 4.1% from FY 2021). Net income: JP¥9.00b (up 12% from FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 15
The Musashino Bank, Ltd., Annual General Meeting, Jun 28, 2022 The Musashino Bank, Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Outside Independent Director Sanada Yukimitsu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
The Musashino Bank, Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 The Musashino Bank, Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Buying Opportunity • Mar 24
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥2,399, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% per annum over the last 3 years. Earnings per share has grown by 26% per annum over the last 3 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.0%). Buying Opportunity • Feb 21
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be JP¥2,399, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% per annum over the last 3 years. Earnings per share has grown by 26% per annum over the last 3 years. Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥43.23 (down from JP¥62.89 in 3Q 2021). Revenue: JP¥18.8b (up 12% from 3Q 2021). Net income: JP¥1.45b (down 31% from 3Q 2021). Profit margin: 7.7% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS JP¥39.02 (vs JP¥52.50 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¥17.1b (up 6.6% from 2Q 2021). Net income: JP¥1.31b (down 26% from 2Q 2021). Profit margin: 7.6% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (4.3%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥110 (vs JP¥46.47 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥17.6b (up 13% from 1Q 2021). Net income: JP¥3.68b (up 136% from 1Q 2021). Profit margin: 21% (up from 10.0% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥240 (vs JP¥241 in FY 2020) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2021 results: Revenue: JP¥65.9b (up 11% from FY 2020). Net income: JP¥8.02b (flat on FY 2020). Profit margin: 12% (down from 14% in FY 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 23% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (3.9%). Announcement • Mar 04
The Musashino Bank, Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 The Musashino Bank, Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: JP¥1,680 The company is up 4.0% from its price of JP¥1,613 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 13% over the same period. Reported Earnings • Feb 05
Third quarter 2021 earnings released: EPS JP¥62.89 (vs JP¥48.83 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥20.7b (up 38% from 3Q 2020). Net income: JP¥2.11b (up 29% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 04
New 90-day low: JP¥1,467 The company is down 8.0% from its price of JP¥1,596 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day low: JP¥1,538 The company is down 10.0% from its price of JP¥1,718 on 18 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. Reported Earnings • Dec 01
Second quarter 2021 earnings released: EPS JP¥52.50 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥16.1b (up 4.1% from 2Q 2020). Net income: JP¥1.76b (down 53% from 2Q 2020). Profit margin: 11% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Sep 04
The Musashino Bank, Ltd. to Report Q2, 2021 Results on Nov 06, 2020 The Musashino Bank, Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 Announcement • Jul 05
The Musashino Bank, Ltd. to Report Q1, 2021 Results on Aug 03, 2020 The Musashino Bank, Ltd. announced that they will report Q1, 2021 results on Aug 03, 2020 
