Buy Or Sell Opportunity • 17h
Now 22% undervalued Over the last 90 days, the stock has risen 11% to JP¥5,190. The fair value is estimated to be JP¥6,637, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 20%. Buy Or Sell Opportunity • Jun 08
Now 20% undervalued Over the last 90 days, the stock has risen 9.4% to JP¥5,300. The fair value is estimated to be JP¥6,644, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 20%. Announcement • Jun 03
The Kita-Nippon Bank, Ltd. to Report Q1, 2027 Results on Jul 31, 2026 The Kita-Nippon Bank, Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥528 (vs JP¥476 in FY 2025) Full year 2026 results: EPS: JP¥528 (up from JP¥476 in FY 2025). Revenue: JP¥26.2b (up 3.6% from FY 2025). Net income: JP¥4.36b (up 8.8% from FY 2025). Profit margin: 17% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 24, 2026 The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 10
The Kita-Nippon Bank, Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 The Kita-Nippon Bank, Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 New Risk • Apr 01
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 6.8% 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 (6.8% average weekly change). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥84.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.8%. Within 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. Buy Or Sell Opportunity • Feb 17
Now 21% undervalued Over the last 90 days, the stock has risen 25% to JP¥5,060. The fair value is estimated to be JP¥6,422, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥106 (vs JP¥143 in 3Q 2025) Third quarter 2026 results: EPS: JP¥106 (down from JP¥143 in 3Q 2025). Revenue: JP¥6.89b (down 3.1% from 3Q 2025). Net income: JP¥877.0m (down 28% from 3Q 2025). Profit margin: 13% (down from 17% in 3Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% 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 • Dec 09
First half dividend of JP¥84.00 announced Shareholders will receive a dividend of JP¥84.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Dec 03
Now 20% undervalued Over the last 90 days, the stock has risen 13% to JP¥4,290. 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 grown by 5.6% over the last 3 years. Earnings per share has grown by 23%. Announcement • Dec 02
The Kita-Nippon Bank, Ltd. to Report Q3, 2026 Results on Jan 30, 2026 The Kita-Nippon Bank, Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥116 (vs JP¥136 in 2Q 2025) Second quarter 2026 results: EPS: JP¥116 (down from JP¥136 in 2Q 2025). Revenue: JP¥6.87b (up 13% from 2Q 2025). Net income: JP¥968.0m (down 16% from 2Q 2025). Profit margin: 14% (down from 19% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 05
Now 21% undervalued Over the last 90 days, the stock has risen 7.4% to JP¥3,705. The fair value is estimated to be JP¥4,713, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 24%. Buy Or Sell Opportunity • Oct 10
Now 21% undervalued Over the last 90 days, the stock has risen 16% to JP¥3,615. The fair value is estimated to be JP¥4,562, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 24%. Announcement • Sep 27
The Kita-Nippon Bank, Ltd. to Report Q2, 2026 Results on Nov 12, 2025 The Kita-Nippon Bank, Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥136 (vs JP¥132 in 1Q 2025) First quarter 2026 results: EPS: JP¥136 (up from JP¥132 in 1Q 2025). Revenue: JP¥6.49b (up 3.8% from 1Q 2025). Net income: JP¥1.13b (up 1.5% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. 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: 8th December 2025 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 31
The Kita-Nippon Bank, Ltd. to Report Q1, 2026 Results on Jul 31, 2025 The Kita-Nippon Bank, Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥476 (vs JP¥365 in FY 2024) Full year 2025 results: EPS: JP¥476 (up from JP¥365 in FY 2024). Revenue: JP¥25.3b (down 7.2% from FY 2024). Net income: JP¥4.01b (up 31% from FY 2024). Profit margin: 16% (up from 11% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year. Announcement • May 14
The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 25, 2025 The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 25, 2025. New Risk • Apr 04
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 5.8% 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 (5.8% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,706, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 98% over the past three years. 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 9.7% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Announcement • Mar 04
The Kita-Nippon Bank, Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 The Kita-Nippon Bank, Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Buy Or Sell Opportunity • Mar 04
Now 21% undervalued Over the last 90 days, the stock has risen 25% to JP¥3,535. The fair value is estimated to be JP¥4,477, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 23%. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥143 (vs JP¥156 in 3Q 2024) Third quarter 2025 results: EPS: JP¥143 (down from JP¥156 in 3Q 2024). Revenue: JP¥7.11b (up 8.4% from 3Q 2024). Net income: JP¥1.21b (down 8.1% from 3Q 2024). Profit margin: 17% (down from 20% 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 23% per year whereas the company’s share price has increased by 22% per year. Announcement • Jan 31
The Kita-Nippon Bank, Ltd. (TSE:8551) announces an Equity Buyback for 200,000 shares, representing 2.36% for ¥500 million. The Kita-Nippon Bank, Ltd. (TSE:8551) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.36% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to return profits to shareholders. The program will continue through March 24, 2025. As of January 31, 2025, the company had 8,460,817 issued shares (excluding treasury stock) and 332,959 treasury shares. Announcement • Dec 05
The Kita-Nippon Bank, Ltd. to Report Q3, 2025 Results on Jan 31, 2025 The Kita-Nippon Bank, Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥136 (vs JP¥29.28 in 2Q 2024) Second quarter 2025 results: EPS: JP¥136 (up from JP¥29.28 in 2Q 2024). Revenue: JP¥6.46b (down 13% from 2Q 2024). Net income: JP¥1.15b (up 367% from 2Q 2024). Profit margin: 18% (up from 3.3% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. 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: 06 December 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Announcement • Sep 18
The Kita-Nippon Bank, Ltd. to Report Q2, 2025 Results on Nov 12, 2024 The Kita-Nippon Bank, Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,347, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 62% over the past three years. 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 6.5% 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. 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 (6.5% average weekly change). Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥132 (vs JP¥76.87 in 1Q 2024) First quarter 2025 results: EPS: JP¥132 (up from JP¥76.87 in 1Q 2024). Revenue: JP¥6.25b (down 3.9% from 1Q 2024). Net income: JP¥1.11b (up 72% from 1Q 2024). Profit margin: 18% (up from 9.9% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Announcement • Jun 28
The Kita-Nippon Bank, Ltd. to Report Q1, 2025 Results on Jul 31, 2024 The Kita-Nippon Bank, Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥365 (vs JP¥317 in FY 2023) Full year 2024 results: EPS: JP¥365 (up from JP¥317 in FY 2023). Revenue: JP¥27.3b (up 22% from FY 2023). Net income: JP¥3.07b (up 16% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Announcement • May 16
The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 26, 2024 The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 26, 2024. Announcement • Mar 29
The Kita-Nippon Bank, Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 The Kita-Nippon Bank, Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥156 (vs JP¥106 in 3Q 2023) Third quarter 2024 results: EPS: JP¥156 (up from JP¥106 in 3Q 2023). Revenue: JP¥7.52b (up 35% from 3Q 2023). Net income: JP¥1.32b (up 49% from 3Q 2023). Profit margin: 18% (up from 16% in 3Q 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 but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 10
The Kita-Nippon Bank, Ltd. to Report Q3, 2024 Results on Jan 31, 2024 The Kita-Nippon Bank, Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥29.28 (vs JP¥96.68 in 2Q 2023) Second quarter 2024 results: EPS: JP¥29.28 (down from JP¥96.68 in 2Q 2023). Revenue: JP¥8.32b (up 40% from 2Q 2023). Net income: JP¥247.0m (down 70% from 2Q 2023). Profit margin: 3.0% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%). Announcement • Sep 16
The Kita-Nippon Bank, Ltd. to Report Q2, 2024 Results on Nov 10, 2023 The Kita-Nippon Bank, Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥76.87 (vs JP¥100 in 1Q 2023) First quarter 2024 results: EPS: JP¥76.87 (down from JP¥100 in 1Q 2023). Revenue: JP¥7.10b (up 20% from 1Q 2023). Net income: JP¥646.0m (down 23% from 1Q 2023). Profit margin: 9.1% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
The Kita-Nippon Bank, Ltd. to Report Q1, 2024 Results on Jul 31, 2023 The Kita-Nippon Bank, Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥317 (vs JP¥249 in FY 2022) Full year 2023 results: EPS: JP¥317 (up from JP¥249 in FY 2022). Revenue: JP¥22.4b (up 3.8% from FY 2022). Net income: JP¥2.66b (up 26% from FY 2022). Profit margin: 12% (up from 9.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 14
The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 23, 2023 The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.0%). Buying Opportunity • Mar 13
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥2,663, 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 27%. Buying Opportunity • Feb 06
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥2,656, 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 27%. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥106 (vs JP¥120 in 3Q 2022) Third quarter 2023 results: EPS: JP¥106 (down from JP¥120 in 3Q 2022). Revenue: JP¥5.60b (down 6.8% from 3Q 2022). Net income: JP¥889.0m (down 12% from 3Q 2022). Profit margin: 16% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
The Kita-Nippon Bank, Ltd. to Report Q3, 2023 Results on Jan 31, 2023 The Kita-Nippon Bank, Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥96.67 (vs JP¥79.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥96.67 (up from JP¥79.99 in 2Q 2022). Revenue: JP¥5.94b (up 12% from 2Q 2022). Net income: JP¥812.0m (up 20% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 4% 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 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Masato Komura was the last independent director to join the board, commencing their role in 2021. 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¥96.67 (vs JP¥79.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥96.67 (up from JP¥79.99 in 2Q 2022). Revenue: JP¥5.94b (up 12% from 2Q 2022). Net income: JP¥812.0m (up 20% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 01
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥2,362, 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 26%. Announcement • Sep 24
The Kita-Nippon Bank, Ltd. to Report Q2, 2023 Results on Nov 11, 2022 The Kita-Nippon Bank, Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.4%. 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¥100 (vs JP¥69.21 in 1Q 2022) First quarter 2023 results: EPS: JP¥100 (up from JP¥69.21 in 1Q 2022). Revenue: JP¥5.89b (up 8.6% from 1Q 2022). Net income: JP¥842.0m (up 44% from 1Q 2022). Profit margin: 14% (up from 11% in 1Q 2022). 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 fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 02
The Kita-Nippon Bank, Ltd. to Report Q1, 2023 Results on Jul 29, 2022 The Kita-Nippon Bank, Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥249 (vs JP¥180 in FY 2021) Full year 2022 results: EPS: JP¥249 (up from JP¥180 in FY 2021). Revenue: JP¥21.6b (up 3.0% from FY 2021). Net income: JP¥2.11b (up 39% from FY 2021). Profit margin: 9.8% (up from 7.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 15
The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 24, 2022 The Kita-Nippon Bank, Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Masato Komura was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
The Kita-Nippon Bank, Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 The Kita-Nippon Bank, Ltd. announced that they will report fiscal year 2022 results on May 13, 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 18% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥120 (up from JP¥84.03 in 3Q 2021). Revenue: JP¥6.27b (up 14% from 3Q 2021). Net income: JP¥1.02b (up 43% from 3Q 2021). Profit margin: 16% (up from 13% 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 increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥79.97 (vs JP¥56.60 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.62b (up 6.0% from 2Q 2021). Net income: JP¥678.0m (up 42% from 2Q 2021). Profit margin: 12% (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 increased by 11% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 3.2%. Within 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¥69.21 (vs JP¥35.24 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.46b (up 3.9% from 1Q 2021). Net income: JP¥585.0m (up 97% from 1Q 2021). Profit margin: 11% (up from 5.7% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥180 (vs JP¥153 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥21.0b (flat on FY 2020). Net income: JP¥1.52b (up 18% from FY 2020). Profit margin: 7.2% (up from 6.1% in FY 2020). 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 13% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.3%. 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 11
New 90-day high: JP¥2,126 The company is up 6.0% from its price of JP¥2,008 on 11 December 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 up 24% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥84.01 (vs JP¥107 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¥5.80b (up 5.8% from 3Q 2020). Net income: JP¥710.0m (down 21% from 3Q 2020). Profit margin: 12% (down from 17% 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 17% per year whereas the company’s share price has fallen by 15% per year. Is New 90 Day High Low • Jan 22
New 90-day low: JP¥1,893 The company is down 2.0% from its price of JP¥1,927 on 23 October 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 7.0% over the same period. Announcement • Dec 25
The Kita-Nippon Bank, Ltd. to Report Q3, 2021 Results on Jan 29, 2021 The Kita-Nippon Bank, Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Reported Earnings • Dec 04
Second quarter 2021 earnings released: EPS JP¥56.60 The company reported a mediocre second quarter result with weaker revenues, although earnings were flat and profit margins were improved. Second quarter 2021 results: Revenue: JP¥5.30b (down 6.3% from 2Q 2020). Net income: JP¥478.0m (flat on 2Q 2020). Profit margin: 9.0% (up from 8.5% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 02
New 90-day high: JP¥2,131 The company is up 25% from its price of JP¥1,701 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 1.0% over the same period. Announcement • Oct 10
The Kita-Nippon Bank, Ltd. to Report Q2, 2021 Results on Nov 12, 2020 The Kita-Nippon Bank, Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Jul 05
The Kita-Nippon Bank, Ltd. to Report Q1, 2021 Results on Jul 31, 2020 The Kita-Nippon Bank, Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020 
