Buy Or Sell Opportunity • 15h
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to JP¥6,160. The fair value is estimated to be JP¥5,105, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥529 (up from JP¥372 in FY 2025). Revenue: JP¥63.1b (up 15% from FY 2025). Net income: JP¥11.3b (up 42% from FY 2025). Profit margin: 18% (up from 14% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • May 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to JP¥6,160. The fair value is estimated to be JP¥5,114, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Announcement • May 15
Okinawa Financial Group, Inc., Annual General Meeting, Jun 25, 2026 Okinawa Financial Group, Inc., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Okinawa Financial Group, Inc. to Report Fiscal Year 2026 Results on May 15, 2026 Okinawa Financial Group, Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Major Estimate Revision • Apr 10
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥65.1b to JP¥68.9b. EPS estimate increased from JP¥422 to JP¥492 per share. Net income forecast to grow 8.4% next year vs 11% growth forecast for Banks industry in Japan. Consensus price target up from JP¥4,300 to JP¥6,300. Share price rose 6.5% to JP¥5,730 over the past week. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.7%). New Risk • Mar 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥140 (vs JP¥75.63 in 3Q 2025) Third quarter 2026 results: EPS: JP¥140 (up from JP¥75.63 in 3Q 2025). Revenue: JP¥17.1b (up 15% from 3Q 2025). Net income: JP¥3.00b (up 86% from 3Q 2025). Profit margin: 18% (up from 11% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 11
First half dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 30th March 2026 Payment date: 26th 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 9.1% 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. EPS is expected to grow by 40% over the next 3 years, which 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥125 (vs JP¥99.54 in 2Q 2025) Second quarter 2026 results: EPS: JP¥125 (up from JP¥99.54 in 2Q 2025). Revenue: JP¥15.8b (up 21% from 2Q 2025). Net income: JP¥2.67b (up 26% from 2Q 2025). Profit margin: 17% (in line with 2Q 2025). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
Okinawa Financial Group, Inc. to Report Q2, 2026 Results on Nov 11, 2025 Okinawa Financial Group, Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Buy Or Sell Opportunity • Oct 14
Now 21% undervalued Over the last 90 days, the stock has risen 11% to JP¥3,575. The fair value is estimated to be JP¥4,516, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Aug 26
Now 20% undervalued Over the last 90 days, the stock has risen 32% to JP¥3,635. The fair value is estimated to be JP¥4,571, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Board Change • Aug 19
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. 4 non-independent directors. Outside Director Seiko Nozaki was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥120 (vs JP¥79.57 in 1Q 2025) First quarter 2026 results: EPS: JP¥120 (up from JP¥79.57 in 1Q 2025). Revenue: JP¥15.8b (up 17% from 1Q 2025). Net income: JP¥2.56b (up 51% from 1Q 2025). Profit margin: 16% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Announcement • Aug 06
Okinawa Financial Group, Inc. to Report Q1, 2026 Results on Aug 08, 2025 Okinawa Financial Group, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Declared Dividend • Jul 09
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th September 2025 Payment date: 10th 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 7.5% 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. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 28
Price target increased by 30% to JP¥3,500 Up from JP¥2,700, the current price target is provided by 1 analyst. New target price is 18% above last closing price of JP¥2,971. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥422 for next year compared to JP¥372 last year. Reported Earnings • May 12
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥372 (up from JP¥290 in FY 2024). Revenue: JP¥55.6b (up 8.1% from FY 2024). Net income: JP¥7.94b (up 27% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • May 09
Okinawa Financial Group, Inc., Annual General Meeting, Jun 25, 2025 Okinawa Financial Group, Inc., Annual General Meeting, Jun 25, 2025. New Risk • May 09
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 7.9% 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 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,746, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,182, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Banks industry in Japan. Total returns to shareholders of 15% over the past three years. Announcement • Apr 03
Okinawa Financial Group, Inc. to Report Fiscal Year 2025 Results on May 09, 2025 Okinawa Financial Group, Inc. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.1%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥75.63 (vs JP¥68.99 in 3Q 2024) Third quarter 2025 results: EPS: JP¥75.63 (up from JP¥68.99 in 3Q 2024). Revenue: JP¥14.9b (up 19% from 3Q 2024). Net income: JP¥1.62b (up 9.8% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • Nov 30
Okinawa Financial Group, Inc. to Report Q3, 2025 Results on Feb 07, 2025 Okinawa Financial Group, Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥99.53 (vs JP¥77.14 in 2Q 2024) Second quarter 2025 results: EPS: JP¥99.53 (up from JP¥77.14 in 2Q 2024). Revenue: JP¥14.2b (up 3.9% from 2Q 2024). Net income: JP¥2.13b (up 29% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Okinawa Financial Group, Inc. to Report Q2, 2025 Results on Nov 08, 2024 Okinawa Financial Group, Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥79.57 (vs JP¥68.32 in 1Q 2024) First quarter 2025 results: EPS: JP¥79.57 (up from JP¥68.32 in 1Q 2024). Revenue: JP¥13.5b (up 6.2% from 1Q 2024). Net income: JP¥1.70b (up 12% from 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 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 6.2% 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 • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥2,196, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Banks industry in Japan. Total loss to shareholders of 1.5% over the past three years. Buy Or Sell Opportunity • Jul 30
Now 21% undervalued Over the last 90 days, the stock has risen 4.5% to JP¥2,777. The fair value is estimated to be JP¥3,509, 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 4.9%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Jul 08
Okinawa Financial Group, Inc. to Report Q1, 2025 Results on Aug 09, 2024 Okinawa Financial Group, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 13
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥290 (up from JP¥251 in FY 2023). Revenue: JP¥51.9b (up 2.9% from FY 2023). Net income: JP¥6.26b (up 7.3% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Banks industry in Japan. 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. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (9.5% net profit margin). Announcement • May 12
Okinawa Financial Group, Inc., Annual General Meeting, Jun 26, 2024 Okinawa Financial Group, Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.9%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥68.98 (vs JP¥53.40 in 3Q 2023) Third quarter 2024 results: EPS: JP¥68.98 (up from JP¥53.40 in 3Q 2023). Revenue: JP¥13.3b (up 10% from 3Q 2023). Net income: JP¥1.47b (up 18% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Japan. 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. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥77.13 (vs JP¥76.94 in 2Q 2023) Second quarter 2024 results: EPS: JP¥77.13. Revenue: JP¥14.2b (up 14% from 2Q 2023). Net income: JP¥1.65b (down 8.2% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Banks industry in Japan. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%). Announcement • May 14
Okinawa Financial Group,Inc., Annual General Meeting, Jun 27, 2023 Okinawa Financial Group,Inc., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.0%). Announcement • Dec 29
Okinawa Financial Group,Inc. to Report Q3, 2023 Results on Feb 10, 2023 Okinawa Financial Group,Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Dec 24
Okinawa Financial Group,Inc. (TSE:7350) announces an Equity Buyback for 500,000 shares, representing 2.09% for ¥1,000 million. Okinawa Financial Group,Inc. (TSE:7350) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.09% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to enhance shareholder returns by improving capital efficiency. The share repurchase program will run until March 25, 2023. As of December 23, 2022, the company had 23,876,286 shares outstanding (excluding treasury shares) and 559,676 shares in treasury. Price Target Changed • Nov 16
Price target decreased to JP¥2,200 Down from JP¥2,800, the current price target is provided by 1 analyst. New target price is 7.6% above last closing price of JP¥2,044. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of JP¥150 for next year compared to JP¥219 last year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Masahiro Hosomi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 06
Okinawa Financial Group,Inc. to Report Q2, 2023 Results on Nov 11, 2022 Okinawa Financial Group,Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.4%). Buying Opportunity • Sep 21
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,740, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Aug 31
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Announcement • Jul 16
Okinawa Financial Group,Inc. to Report Q1, 2023 Results on Aug 09, 2022 Okinawa Financial Group,Inc. announced that they will report Q1, 2023 results on Aug 09, 2022 Buying Opportunity • Jul 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.8%. The fair value is estimated to be JP¥2,672, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Jun 29
Now 20% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be JP¥2,701, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Jun 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be JP¥2,697, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Buying Opportunity • May 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥2,658, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Announcement • May 13
Okinawa Financial Group,Inc., Annual General Meeting, Jun 24, 2022 Okinawa Financial Group,Inc., Annual General Meeting, Jun 24, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥2,200 Down from JP¥2,800, the current price target is provided by 1 analyst. New target price is 6.3% above last closing price of JP¥2,070. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥150 for next year compared to JP¥219 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Auditor Tatsuhiko Yamashiro was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Okinawa Financial Group,Inc. to Report Fiscal Year 2022 Results on May 11, 2022 Okinawa Financial Group,Inc. announced that they will report fiscal year 2022 results on May 11, 2022 Buying Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.1%. The fair value is estimated to be JP¥2,573, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Major Estimate Revision • Mar 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥50.6b to JP¥51.7b. EPS estimate fell from JP¥181 to JP¥150 per share. Net income forecast to grow 8.1% next year vs 0.7% decline forecast for Banks industry in Japan. Consensus price target down from JP¥2,800 to JP¥2,200. Share price fell 9.1% to JP¥2,082 over the past week. Price Target Changed • Mar 11
Price target decreased to JP¥2,200 Down from JP¥2,900, the current price target is provided by 1 analyst. New target price is 5.7% above last closing price of JP¥2,082. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥150 for next year compared to JP¥219 last year. Buying Opportunity • Mar 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥2,573, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11% per annum over the last 3 years. Announcement • Dec 01
Okinawa Financial Group,Inc. (TSE:7350) announces an Equity Buyback for 500,000 shares, representing 2.09% for ¥1,000 million. Okinawa Financial Group,Inc. (TSE:7350) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.09% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to enhance shareholder returns by improving capital efficiency. The share repurchase program will run until March 24, 2022. As of November 29, 2021, the company had 23,876,286 shares outstanding (excluding treasury shares) and 96 shares in treasury. Board Change • Oct 04
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Koichi Ando was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 
