Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥837 (vs JP¥115 in FY 2025) Full year 2026 results: EPS: JP¥837 (up from JP¥115 in FY 2025). Revenue: JP¥66.9b (up 13% from FY 2025). Net income: JP¥14.1b (up 44% from FY 2025). Profit margin: 21% (up from 17% 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 71% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Announcement • May 12
The Miyazaki Bank, Ltd., Annual General Meeting, Jun 25, 2026 The Miyazaki Bank, Ltd., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • Mar 24
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to JP¥9,240. The fair value is estimated to be JP¥7,488, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 14%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%). Buy Or Sell Opportunity • Mar 05
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to JP¥9,240. The fair value is estimated to be JP¥7,488, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 14%. New Risk • Mar 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 6.0% 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 (6.0% average weekly change). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥217 (vs JP¥190 in 3Q 2025) Third quarter 2026 results: EPS: JP¥217 (up from JP¥190 in 3Q 2025). Revenue: JP¥21.0b (up 6.6% from 3Q 2025). Net income: JP¥3.63b (up 12% from 3Q 2025). Profit margin: 17% (in line with 3Q 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 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥9,040, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 14x in the Banks industry in Japan. Total returns to shareholders of 270% over the past three years. Buy Or Sell Opportunity • Feb 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 79% to JP¥9,040. The fair value is estimated to be JP¥7,405, 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 7.2%. Declared Dividend • Dec 11
First half dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Dec 03
Now 20% undervalued Over the last 90 days, the stock has risen 32% to JP¥5,760. The fair value is estimated to be JP¥7,240, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 7.2%. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥190 (vs JP¥106 in 2Q 2025) Second quarter 2026 results: EPS: JP¥190 (up from JP¥106 in 2Q 2025). Revenue: JP¥15.8b (up 26% from 2Q 2025). Net income: JP¥3.20b (up 78% from 2Q 2025). Profit margin: 20% (up from 14% 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 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥57.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 18% 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 11
First quarter 2026 earnings released: EPS: JP¥211 (vs JP¥177 in 1Q 2025) First quarter 2026 results: EPS: JP¥211 (up from JP¥177 in 1Q 2025). Revenue: JP¥16.8b (up 10% from 1Q 2025). Net income: JP¥3.57b (up 17% from 1Q 2025). Profit margin: 21% (up from 20% 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 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥57.50 announced Shareholders will receive a dividend of JP¥57.50. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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 7.4% 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 (7.4% average weekly change). Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥574 (vs JP¥410 in FY 2024) Full year 2025 results: EPS: JP¥574 (up from JP¥410 in FY 2024). Revenue: JP¥60.4b (up 11% from FY 2024). Net income: JP¥9.78b (up 38% from FY 2024). Profit margin: 16% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • May 10
The Miyazaki Bank, Ltd. (TSE:8393) announces an Equity Buyback for 350,000 shares, representing 2.06% for ¥1,000 million. The Miyazaki Bank, Ltd. (TSE:8393) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 2.06% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to return profits to shareholders through improved capital efficiency. The program will run until September 30, 2025. As of April 30, 2025, the company had 16,986, 135 shares in issue (excluding treasury stock) and 147,265 shares in treasury. Announcement • May 09
The Miyazaki Bank, Ltd., Annual General Meeting, Jun 26, 2025 The Miyazaki Bank, Ltd., Annual General Meeting, Jun 26, 2025. New Risk • Apr 10
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). 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¥2,810, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 57% over the past three years. Announcement • Mar 28
The Miyazaki Bank, Ltd. to Report Q4, 2025 Results on May 09, 2025 The Miyazaki Bank, Ltd. announced that they will report Q4, 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥190 (vs JP¥121 in 3Q 2024) Third quarter 2025 results: EPS: JP¥190 (up from JP¥121 in 3Q 2024). Revenue: JP¥19.7b (up 50% from 3Q 2024). Net income: JP¥3.23b (up 54% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jan 17
The Miyazaki Bank, Ltd. to Report Q3, 2025 Results on Feb 14, 2025 The Miyazaki Bank, Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥106 (vs JP¥77.14 in 2Q 2024) Second quarter 2025 results: EPS: JP¥106 (up from JP¥77.14 in 2Q 2024). Revenue: JP¥15.0b (up 6.2% from 2Q 2024). Net income: JP¥1.80b (up 35% from 2Q 2024). Profit margin: 12% (up from 9.5% in 2Q 2024). 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 increased by 13% per year, which means it is well ahead of earnings. 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 24% 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%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥177 (vs JP¥169 in 1Q 2024) First quarter 2025 results: EPS: JP¥177 (up from JP¥169 in 1Q 2024). Revenue: JP¥15.2b (up 1.1% from 1Q 2024). Net income: JP¥3.05b (up 4.7% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. 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 6.8% 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: Major Risk Earnings have declined by 1.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥2,542, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 45% over the past three years. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥410 (vs JP¥471 in FY 2023) Full year 2024 results: EPS: JP¥410 (down from JP¥471 in FY 2023). Revenue: JP¥56.8b (down 3.6% from FY 2023). Net income: JP¥7.09b (down 13% from FY 2023). Profit margin: 13% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 12
The Miyazaki Bank, Ltd., Annual General Meeting, Jun 25, 2024 The Miyazaki Bank, Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Apr 25
The Miyazaki Bank, Ltd. (TSE:8393) announces an Equity Buyback for 330,000 shares, representing 1.91% for ¥1,200 million. The Miyazaki Bank, Ltd. (TSE:8393) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 shares, representing 1.91% of its issued share capital (excluding treasury stock), for ¥1,200 million. The purpose of the program is to return profits to shareholders by improving capital efficiency. The program will run until September 30, 2024. As of April 22, 2024, the company had 17,317,355 shares in issue (excluding treasury stock) and 316,045 shares in treasury. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,120, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 12x in the Banks industry in Japan. Total returns to shareholders of 59% over the past three years. Announcement • Apr 12
The Miyazaki Bank, Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 The Miyazaki 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: 26 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥121 (vs JP¥202 in 3Q 2023) Third quarter 2024 results: EPS: JP¥121 (down from JP¥202 in 3Q 2023). Revenue: JP¥15.4b (down 3.6% from 3Q 2023). Net income: JP¥2.10b (down 40% from 3Q 2023). Profit margin: 14% (down from 22% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥77.14 (vs JP¥100 in 2Q 2023) Second quarter 2024 results: EPS: JP¥77.14 (down from JP¥100 in 2Q 2023). Revenue: JP¥15.3b (up 16% from 2Q 2023). Net income: JP¥1.34b (down 23% from 2Q 2023). Profit margin: 8.7% (down from 13% 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 2% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥169 (vs JP¥179 in 1Q 2023) First quarter 2024 results: EPS: JP¥169 (down from JP¥179 in 1Q 2023). Revenue: JP¥15.4b (down 21% from 1Q 2023). Net income: JP¥2.92b (down 5.5% from 1Q 2023). Profit margin: 19% (up from 16% 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 5% per year whereas the company’s share price has remained flat. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥471 (vs JP¥433 in FY 2022) Full year 2023 results: EPS: JP¥471 (up from JP¥433 in FY 2022). Revenue: JP¥62.7b (up 17% from FY 2022). Net income: JP¥8.13b (up 8.7% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 13
The Miyazaki Bank, Ltd., Annual General Meeting, Jun 23, 2023 The Miyazaki Bank, Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 4.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.0%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥202 (vs JP¥176 in 3Q 2022) Third quarter 2023 results: EPS: JP¥202 (up from JP¥176 in 3Q 2022). Revenue: JP¥20.0b (up 46% from 3Q 2022). Net income: JP¥3.48b (up 15% from 3Q 2022). Profit margin: 17% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 28
The Miyazaki Bank, Ltd. to Report Q3, 2023 Results on Feb 08, 2023 The Miyazaki Bank, Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥100 (vs JP¥17.86 in 2Q 2022) Second quarter 2023 results: EPS: JP¥100 (up from JP¥17.86 in 2Q 2022). Revenue: JP¥16.7b (up 59% from 2Q 2022). Net income: JP¥1.73b (up 463% from 2Q 2022). Profit margin: 10% (up from 2.9% 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 3% 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 2023 earnings released: EPS: JP¥100 (vs JP¥17.86 in 2Q 2022) Second quarter 2023 results: EPS: JP¥100 (up from JP¥17.86 in 2Q 2022). Revenue: JP¥16.7b (up 59% from 2Q 2022). Net income: JP¥1.73b (up 463% from 2Q 2022). Profit margin: 10% (up from 2.9% 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 3% 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¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (4.4%). Announcement • Sep 10
The Miyazaki Bank, Ltd. to Report Q2, 2023 Results on Nov 11, 2022 The Miyazaki Bank, Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥179 (vs JP¥143 in 1Q 2022) First quarter 2023 results: EPS: JP¥179 (up from JP¥143 in 1Q 2022). Revenue: JP¥20.9b (up 28% from 1Q 2022). Net income: JP¥3.08b (up 25% from 1Q 2022). Profit margin: 15% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • Jun 30
The Miyazaki Bank, Ltd. to Report Q1, 2023 Results on Aug 10, 2022 The Miyazaki Bank, Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥433 (vs JP¥464 in FY 2021) Full year 2022 results: EPS: JP¥433 (down from JP¥464 in FY 2021). Revenue: JP¥58.9b (up 14% from FY 2021). Net income: JP¥7.47b (down 6.5% from FY 2021). Profit margin: 13% (down from 16% in FY 2021). 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 whereas the company’s share price has fallen by 7% per year. Announcement • May 13
The Miyazaki Bank, Ltd., Annual General Meeting, Jun 23, 2022 The Miyazaki Bank, Ltd., Annual General Meeting, Jun 23, 2022. Announcement • Apr 08
The Miyazaki Bank, Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 The Miyazaki Bank, Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 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: 25 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (4.0%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥176 (up from JP¥133 in 3Q 2021). Revenue: JP¥20.4b (up 61% from 3Q 2021). Net income: JP¥3.04b (up 32% from 3Q 2021). Profit margin: 15% (down from 18% 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 fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥17.86 (vs JP¥105 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¥14.6b (up 24% from 2Q 2021). Net income: JP¥308.0m (down 83% from 2Q 2021). Profit margin: 2.1% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 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 • Aug 13
First quarter 2022 earnings released: EPS JP¥143 (vs JP¥134 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥16.9b (up 32% from 1Q 2021). Net income: JP¥2.47b (up 7.2% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥464 (vs JP¥413 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥52.5b (up 4.0% from FY 2020). Net income: JP¥8.00b (up 12% from FY 2020). Profit margin: 15% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (3.8%). Is New 90 Day High Low • Mar 09
New 90-day high: JP¥2,354 The company is up 4.0% from its price of JP¥2,266 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 22% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥133 (vs JP¥141 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¥14.4b (up 16% from 3Q 2020). Net income: JP¥2.30b (down 5.1% from 3Q 2020). Profit margin: 16% (down from 19% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥2,140 The company is down 5.0% from its price of JP¥2,248 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day low: JP¥2,168 The company is down 11% from its price of JP¥2,427 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 11
New 90-day low: JP¥2,238 The company is down 4.0% from its price of JP¥2,336 on 11 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 3.0% over the same period. Announcement • Oct 17
The Miyazaki Bank, Ltd. to Report Q2, 2021 Results on Nov 11, 2020 The Miyazaki Bank, Ltd. announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Jul 17
The Miyazaki Bank, Ltd. to Report Q1, 2021 Results on Aug 11, 2020 The Miyazaki Bank, Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020 
