Reported Earnings • Jul 31
First quarter 2027 earnings released: EPS: JP¥199 (vs JP¥135 in 1Q 2026) First quarter 2027 results: EPS: JP¥199 (up from JP¥135 in 1Q 2026). Revenue: JP¥13.3b (down 9.0% from 1Q 2026). Net income: JP¥3.55b (up 49% from 1Q 2026). Profit margin: 27% (up from 16% in 1Q 2026). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 29th September 2026 Payment date: 10th December 2026 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% 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 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 17
The Akita Bank, Ltd. to Report Q1, 2027 Results on Jul 30, 2026 The Akita Bank, Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥433 (vs JP¥320 in FY 2025) Full year 2026 results: EPS: JP¥433 (up from JP¥320 in FY 2025). Revenue: JP¥53.3b (up 15% from FY 2025). Net income: JP¥7.69b (up 36% from FY 2025). Profit margin: 14% (up from 12% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
The Akita Bank, Ltd., Annual General Meeting, Jun 25, 2026 The Akita Bank, Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
The Akita Bank, Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 The Akita Bank, Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 New Risk • Mar 23
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 6.5% 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Announcement • Mar 05
Aeon Co., Ltd. (TSE:8267) completed the acquisition of 19.26% stake in Sunday Co.,Ltd. (TSE:7450) from group of sellers in a tender offer transaction. Aeon Co., Ltd. (TSE:8267) proposed to acquire remaining 23.3% stake in Sunday Co.,Ltd. (TSE:7450) from group of sellers for JPY 3.2 billion in a tender offer transaction on January 8, 2026. A cash consideration valued at ¥1,280 per share and ¥1 per share will be paid by Aeon Co. for Common stock and Option's. If the Tender Offeror fails to acquire all the Target Company Shares, the Tender Offeror will take a series of procedures to become the sole shareholder of the Target Company after the completion of the Tender offer, hereinafter the Squeeze-Out Procedures.
The expected completion of the transaction is March 4, 2026.
City-Yuwa Partners acted as the legal advisor along with Nomura Securities Co., Ltd. acting as the financial advisor to Aeon Co., Ltd. Anderson Mori & Tomotsune acted as the legal advisor along with Mizuho Securities Co., Ltd. acting as the financial advisor to Sunday Co.,Ltd.
Aeon Co., Ltd. (TSE:8267) completed the acquisition of 19.26% stake in Sunday Co.,Ltd. (TSE:7450) from group of sellers in a tender offer transaction on March 4, 2026. After the transaction Aeon Co., Ltd. owns 96.13% in Sunday Co.,Ltd. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: JP¥130 (vs JP¥77.65 in 3Q 2025) Third quarter 2026 results: EPS: JP¥130 (up from JP¥77.65 in 3Q 2025). Revenue: JP¥12.5b (down 23% from 3Q 2025). Net income: JP¥2.31b (up 68% from 3Q 2025). Profit margin: 19% (up from 8.5% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Dec 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥3,960. The fair value is estimated to be JP¥3,267, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 26%. Declared Dividend • Dec 11
First half dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 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 9.6% 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 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 06
The Akita Bank, Ltd. to Report Q3, 2026 Results on Jan 28, 2026 The Akita Bank, Ltd. announced that they will report Q3, 2026 results on Jan 28, 2026 New Risk • Dec 05
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥3,955. The fair value is estimated to be JP¥3,265, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 26%. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥85.44 (vs JP¥13.36 in 2Q 2025) Second quarter 2026 results: EPS: JP¥85.44 (up from JP¥13.36 in 2Q 2025). Revenue: JP¥11.5b (up 22% from 2Q 2025). Net income: JP¥1.52b (up JP¥1.28b from 2Q 2025). Profit margin: 13% (up from 2.5% 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 26% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥3,655. The fair value is estimated to be JP¥3,011, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 21%. Buy Or Sell Opportunity • Sep 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥3,580. The fair value is estimated to be JP¥2,980, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 21%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Announcement • Sep 19
The Akita Bank, Ltd. to Report Q2, 2026 Results on Nov 10, 2025 The Akita Bank, Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Buy Or Sell Opportunity • Sep 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to JP¥3,590. The fair value is estimated to be JP¥2,985, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥135 (vs JP¥95.62 in 1Q 2025) First quarter 2026 results: EPS: JP¥135 (up from JP¥95.62 in 1Q 2025). Revenue: JP¥14.6b (up 18% from 1Q 2025). Net income: JP¥2.39b (up 42% from 1Q 2025). Profit margin: 16% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 26% per year. Declared Dividend • Jul 09
Final dividend of JP¥75.00 announced Shareholders will receive a dividend of JP¥75.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.6% 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 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
The Akita Bank, Ltd. to Report Q1, 2026 Results on Jul 30, 2025 The Akita Bank, Ltd. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥320 (vs JP¥258 in FY 2024) Full year 2025 results: EPS: JP¥320 (up from JP¥258 in FY 2024). Revenue: JP¥46.6b (up 20% from FY 2024). Net income: JP¥5.66b (up 25% from FY 2024). Profit margin: 12% (in line with FY 2024). 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 24% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 12
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 8.7% 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. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,902, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 110% over the past three years. 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¥2,191, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 53% over the past three years. Buy Or Sell Opportunity • Apr 03
Now 22% undervalued Over the last 90 days, the stock has risen 5.2% to JP¥2,347. The fair value is estimated to be JP¥2,997, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has grown by 12%. 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: 26 June 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Announcement • Mar 11
The Akita Bank, Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 The Akita Bank, Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥77.65 (vs JP¥54.09 in 3Q 2024) Third quarter 2025 results: EPS: JP¥77.65 (up from JP¥54.09 in 3Q 2024). Revenue: JP¥16.2b (up 85% from 3Q 2024). Net income: JP¥1.37b (up 44% from 3Q 2024). Profit margin: 8.5% (down from 11% 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 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Dec 07
The Akita Bank, Ltd. to Report Q3, 2025 Results on Jan 30, 2025 The Akita Bank, Ltd. announced that they will report Q3, 2025 results on Jan 30, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥13.36 (vs JP¥94.96 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.36 (down from JP¥94.96 in 2Q 2024). Revenue: JP¥13.1b (up 36% from 2Q 2024). Net income: JP¥236.0m (down 86% from 2Q 2024). Profit margin: 1.8% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Announcement • Sep 21
The Akita Bank, Ltd. to Report Q2, 2025 Results on Nov 08, 2024 The Akita Bank, Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.5%). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,158, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 73% over the past three years. Buy Or Sell Opportunity • Aug 02
Now 22% undervalued Over the last 90 days, the stock has risen 10% to JP¥2,312. The fair value is estimated to be JP¥2,975, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥95.62 (vs JP¥34.01 in 1Q 2024) First quarter 2025 results: EPS: JP¥95.62 (up from JP¥34.01 in 1Q 2024). Revenue: JP¥12.4b (up 26% from 1Q 2024). Net income: JP¥1.69b (up 183% from 1Q 2024). Profit margin: 14% (up from 6.1% 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 16% 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 • Jun 23
The Akita Bank, Ltd. to Report Q1, 2025 Results on Jul 30, 2024 The Akita Bank, Ltd. announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥258 (vs JP¥185 in FY 2023) Full year 2024 results: EPS: JP¥258 (up from JP¥185 in FY 2023). Revenue: JP¥39.7b (down 12% from FY 2023). Net income: JP¥4.54b (up 38% from FY 2023). Profit margin: 11% (up from 7.4% 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 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
The Akita Bank, Ltd., Annual General Meeting, Jun 25, 2024 The Akita Bank, Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Mar 28
The Akita Bank, Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 The Akita Bank, Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Buy Or Sell Opportunity • Mar 28
Now 22% undervalued Over the last 90 days, the stock has risen 8.7% to JP¥2,066. The fair value is estimated to be JP¥2,633, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 8.6%. 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: 01 July 2024. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.9%). Buy Or Sell Opportunity • Mar 04
Now 21% undervalued Over the last 90 days, the stock has risen 8.1% to JP¥2,100. The fair value is estimated to be JP¥2,643, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 8.6%. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥54.08 (vs JP¥54.02 in 3Q 2023) Third quarter 2024 results: EPS: JP¥54.08. Revenue: JP¥9.73b (down 7.9% from 3Q 2023). Net income: JP¥952.0m (down 1.0% from 3Q 2023). Profit margin: 9.8% (in line with 3Q 2023). Buy Or Sell Opportunity • Jan 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.9% to JP¥1,945. The fair value is estimated to be JP¥2,442, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 9.6%. Buying Opportunity • Jan 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.5%. The fair value is estimated to be JP¥2,439, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 9.6%. Announcement • Dec 13
The Akita Bank, Ltd. to Report Q3, 2024 Results on Jan 30, 2024 The Akita Bank, Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 Buying Opportunity • Dec 05
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 9.6%. Buying Opportunity • Nov 15
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥2,474, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 9.6%. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥94.96 (vs JP¥130 in 2Q 2023) Second quarter 2024 results: EPS: JP¥94.96 (down from JP¥130 in 2Q 2023). Revenue: JP¥10.6b (down 5.0% from 2Q 2023). Net income: JP¥1.67b (down 28% from 2Q 2023). Profit margin: 16% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 11% per year. Buying Opportunity • Oct 30
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥2,541, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 9.8%. Buying Opportunity • Sep 29
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be JP¥2,547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 9.8%. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Announcement • Sep 14
The Akita Bank, Ltd. to Report Q2, 2024 Results on Nov 09, 2023 The Akita Bank, Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥34.00 (vs JP¥20.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥34.00 (up from JP¥20.57 in 1Q 2023). Revenue: JP¥11.0b (down 13% from 1Q 2023). Net income: JP¥597.0m (up 62% from 1Q 2023). Profit margin: 5.4% (up from 2.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Announcement • Jun 21
The Akita Bank, Ltd. to Report Q1, 2024 Results on Jul 28, 2023 The Akita Bank, Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥185 (vs JP¥178 in FY 2022) Full year 2023 results: EPS: JP¥185 (up from JP¥178 in FY 2022). Revenue: JP¥44.9b (up 19% from FY 2022). Net income: JP¥3.30b (up 3.5% from FY 2022). Profit margin: 7.3% (down from 8.5% 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 8% per year whereas the company’s share price has increased by 7% per year. Announcement • May 13
The Akita Bank, Ltd., Annual General Meeting, Jun 28, 2023 The Akita Bank, Ltd., Annual General Meeting, Jun 28, 2023. Buying Opportunity • May 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥2,213, 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 3.8%. Buying Opportunity • Apr 21
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,235, 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 3.8%. Buying Opportunity • Apr 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be JP¥2,199, 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 3.8%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.0%). Buying Opportunity • Mar 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be JP¥2,194, 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 3.8%. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥54.01 (vs JP¥58.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥54.01 (down from JP¥58.02 in 3Q 2022). Revenue: JP¥10.7b (up 19% from 3Q 2022). Net income: JP¥962.0m (down 7.3% from 3Q 2022). Profit margin: 9.0% (down from 12% 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 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 19
Now 21% undervalued Over the last 90 days, the stock is up 9.3%. The fair value is estimated to be JP¥2,253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Dec 16
The Akita Bank, Ltd. to Report Q3, 2023 Results on Jan 30, 2023 The Akita Bank, Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥130 (vs JP¥88.97 in 2Q 2022) Second quarter 2023 results: EPS: JP¥130 (up from JP¥88.97 in 2Q 2022). Revenue: JP¥11.3b (up 10% from 2Q 2022). Net income: JP¥2.32b (up 46% from 2Q 2022). Profit margin: 21% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥130 (vs JP¥88.97 in 2Q 2022) Second quarter 2023 results: EPS: JP¥130 (up from JP¥88.97 in 2Q 2022). Revenue: JP¥11.3b (up 10% from 2Q 2022). Net income: JP¥2.32b (up 46% from 2Q 2022). Profit margin: 21% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.4%). Announcement • Sep 17
The Akita Bank, Ltd. to Report Q2, 2023 Results on Nov 10, 2022 The Akita Bank, Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥20.57 (vs JP¥19.80 in 1Q 2022) First quarter 2023 results: EPS: JP¥20.57 (up from JP¥19.80 in 1Q 2022). Revenue: JP¥13.0b (up 59% from 1Q 2022). Net income: JP¥368.0m (up 4.0% from 1Q 2022). Profit margin: 2.8% (down from 4.3% in 1Q 2022). 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 6% per year. Announcement • Jun 18
The Akita Bank, Ltd. to Report Q1, 2023 Results on Jul 28, 2022 The Akita Bank, Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥178 (vs JP¥152 in FY 2021) Full year 2022 results: EPS: JP¥178 (up from JP¥152 in FY 2021). Revenue: JP¥37.7b (down 3.2% from FY 2021). Net income: JP¥3.18b (up 17% from FY 2021). Profit margin: 8.5% (up from 7.0% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Announcement • May 14
The Akita Bank, Ltd., Annual General Meeting, Jun 28, 2022 The Akita Bank, Ltd., Annual General Meeting, Jun 28, 2022. Announcement • Apr 08
The Akita Bank, Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 The Akita Bank, Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). In line with 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¥58.01 (up from JP¥23.77 in 3Q 2021). Revenue: JP¥10.5b (up 31% from 3Q 2021). Net income: JP¥1.04b (up 144% from 3Q 2021). Profit margin: 9.8% (up from 5.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥88.97 (vs JP¥46.03 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥11.8b (up 29% from 2Q 2021). Net income: JP¥1.59b (up 93% from 2Q 2021). Profit margin: 14% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (4.3%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥19.80 (vs JP¥46.01 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥8.63b (down 22% from 1Q 2021). Net income: JP¥354.0m (down 57% from 1Q 2021). Profit margin: 4.1% (down from 7.4% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥152 (vs JP¥175 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥40.5b (up 8.1% from FY 2020). Net income: JP¥2.72b (down 13% from FY 2020). Profit margin: 6.7% (down from 8.3% 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 14% 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 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (3.8%). Announcement • Mar 19
The Akita Bank, Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 The Akita 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¥1,463 The company is up 2.0% from its price of JP¥1,431 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 03
Third quarter 2021 earnings released: EPS JP¥23.77 (vs JP¥72.88 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥10.7b (up 14% from 3Q 2020). Net income: JP¥425.0m (down 67% from 3Q 2020). Profit margin: 4.0% (down from 14% 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 15% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Dec 19
The Akita Bank, Ltd. to Report Q3, 2021 Results on Jan 29, 2021 The Akita Bank, Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 08
New 90-day low: JP¥1,385 The company is down 11% from its price of JP¥1,550 on 09 September 2020. The Japanese market is up 8.0% 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 Akita Bank, Ltd. to Report Q2, 2021 Results on Nov 11, 2020 The Akita Bank, Ltd. announced that they will report Q2, 2021 results on Nov 11, 2020 
