Board Change • 21h
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, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Yumiko Kinoshita was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • Jun 09
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥2,473. The fair value is estimated to be JP¥2,032, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥150 (vs JP¥116 in FY 2025) Full year 2026 results: EPS: JP¥150 (up from JP¥116 in FY 2025). Revenue: JP¥61.2b (up 13% from FY 2025). Net income: JP¥8.61b (up 29% from FY 2025). Profit margin: 14% (up from 12% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 23, 2026 The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 23, 2026. Announcement • May 10
The Chiba Kogyo Bank, Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 The Chiba Kogyo Bank, Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 6.3% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.7%). 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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to JP¥2,381. The fair value is estimated to be JP¥1,947, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥44.87 (vs JP¥30.95 in 3Q 2025) Third quarter 2026 results: EPS: JP¥44.87 (up from JP¥30.95 in 3Q 2025). Revenue: JP¥15.2b (up 17% from 3Q 2025). Net income: JP¥2.58b (up 45% from 3Q 2025). Profit margin: 17% (up from 14% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to JP¥2,336. The fair value is estimated to be JP¥1,945, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,229, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 14x in the Banks industry in Japan. Total returns to shareholders of 349% over the past three years. Announcement • Dec 27
The Chiba Kogyo Bank, Ltd. to Report Q3, 2026 Results on Feb 10, 2026 The Chiba Kogyo Bank, Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 New Risk • Nov 27
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥35.02 (vs JP¥32.79 in 2Q 2025) Second quarter 2026 results: EPS: JP¥35.02 (up from JP¥32.79 in 2Q 2025). Revenue: JP¥15.4b (up 11% from 2Q 2025). Net income: JP¥2.01b (up 7.0% from 2Q 2025). Profit margin: 13% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to JP¥1,520. The fair value is estimated to be JP¥1,902, 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 13%. Declared Dividend • Nov 13
Dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 3.2%. Announcement • Oct 30
The Chiba Kogyo Bank, Ltd. (TSE:8337) agreed to acquire 73.89% stake in Chiba General Lease Co., Ltd. from Sodegaurakogyo Co., Ltd. and others. The Chiba Kogyo Bank, Ltd. (TSE:8337) agreed to acquire 73.89% stake in Chiba General Lease Co., Ltd. from Sodegaurakogyo Co., Ltd. and others on October 29, 2025.
The expected completion of the transaction is March 21, 2026 to March 31, 2026. Announcement • Sep 29
The Chiba Kogyo Bank, Ltd. (TSE:8337) announces an Equity Buyback for 12,000,000 shares, representing 1.69% for ¥15,000 million. The Chiba Kogyo Bank, Ltd. (TSE:8337) announces a share repurchase program. Under the program, the company will repurchase 12,000,000 shares, representing 1.69% of the outstanding shares for ¥15,000 million. The shares will be repurchased at a price of ¥1,250 per share. The purpose of the program is to enhance shareholders’ return by improving its capital efficiency. The program will run until December 23, 2025. As of August 31, 2025, the company had 707,538,306 shares outstanding and 97,982,781 shares in treasury. Buy Or Sell Opportunity • Aug 21
Now 20% undervalued Over the last 90 days, the stock has risen 33% to JP¥1,531. The fair value is estimated to be JP¥1,914, 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 13%. Announcement • Aug 20
The Chiba Kogyo Bank, Ltd. to Report Q2, 2026 Results on Nov 11, 2025 The Chiba Kogyo Bank, Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥49.97 (vs JP¥37.72 in 1Q 2025) First quarter 2026 results: EPS: JP¥49.97 (up from JP¥37.72 in 1Q 2025). Revenue: JP¥14.4b (up 4.9% from 1Q 2025). Net income: JP¥2.86b (up 33% from 1Q 2025). Profit margin: 20% (up from 16% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock has risen 27% to JP¥1,476. The fair value is estimated to be JP¥1,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 11%. Buy Or Sell Opportunity • Jul 07
Now 23% undervalued Over the last 90 days, the stock has risen 39% to JP¥1,495. The fair value is estimated to be JP¥1,933, 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 13%. Announcement • Jul 02
2 Chiba Banks Reportedly Mulling Merger The Chiba Bank, Ltd. (TSE:8331) and The Chiba Kogyo Bank, Ltd. (TSE:8337), both regional lenders based in Chiba Prefecture, east of Tokyo, are considering merging their operations, people familiar with the matter said 01 July 2025. Through the merger, Chiba Bank, the biggest regional bank in the prefecture, and Chiba Kogyo Bank, the third biggest, aim to grow enough to survive intensifying competition in the Japanese financial sector. Options under discussion include making Chiba Kogyo Bank a wholly owned subsidiary of Chiba Bank. The two banks had nearly JPY 25 trillion in assets together as of the end of March. Their merger, if realized, will create the second-biggest regional banking group in the country behind Fukuoka Financial Group Inc. In March, Chiba Bank acquired a stake of some 19.9% in Chiba Kogyo Bank for around JPY 23.7 billion, becoming the largest shareholder. The merger of Chiba Bank and Chiba Kogyo Bank, if realized, will be the latest in a series of reorganizations involving Japanese regional banks struggling with declining populations. Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yumiko Kinoshita was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 21
The Chiba Kogyo Bank, Ltd. to Report Q1, 2026 Results on Aug 06, 2025 The Chiba Kogyo Bank, Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥130 (vs JP¥113 in FY 2024) Full year 2025 results: EPS: JP¥130 (up from JP¥113 in FY 2024). Revenue: JP¥54.4b (up 4.2% from FY 2024). Net income: JP¥7.46b (up 16% from FY 2024). Profit margin: 14% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 26, 2025 The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 26, 2025. Announcement • May 02
The Chiba Kogyo Bank, Ltd. Announces Resignation of Zenji Yoshikoshi as Executive Officer The Chiba Kogyo Bank Ltd. announced that resignation of Zenji Yoshikoshi,Executive Officer for personal reasons, and therefore announced the following update to the positions of Directors, Corporate Auditors, and Executive Officers announced in the "Notice Concerning Executive Changes" dated March 28, 2025. After the update Directors, Corporate Auditors, and Executive Officers are Masahiko Miyamoto,Maki Okada,Manabu Koiwai,Minoru Shibata,Nobuhiro Nishimura,Hiroshi Taguchi,Junko Kaji,Kazuhiro Seki,Shin'ichi Nakamura,Toshikazu Horiuchi as executive officers. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,247, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 396% over the past three years. Announcement • Mar 29
The Chiba Bank, Ltd. (TSE:8331) agreed to acquire an unknown minority stake in The Chiba Kogyo Bank, Ltd. (TSE:8337) from Ariake Capital Inc. The Chiba Bank, Ltd. (TSE:8331) agreed to acquire an unknown minority stake in The Chiba Kogyo Bank, Ltd. (TSE:8337) from Ariake Capital Inc. on March 27, 2025. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor to The Chiba Bank, Ltd. New Risk • Mar 28
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Mar 28
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to JP¥1,373. The fair value is estimated to be JP¥1,818, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 11%. Announcement • Mar 27
Chiba Bank Reportedly to Acquire 20% Stake in Chiba Kogyo Bank The Chiba Bank, Ltd. (TSE:8331) is considering acquiring a stake of about 20% in The Chiba Kogyo Bank, Ltd. (TSE:8337) for about JPY 20 billion, people familiar with the matter said on 26 March 2025. The two regional banks in Chiba Prefecture, east of Tokyo, are considering holding talks on a future merger, the people said. They aim to strengthen their financial base as competition among banks in Japan intensifies since the Bank of Japan ended its negative interest rate policy in 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Announcement • Mar 15
The Chiba Kogyo Bank, Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 The Chiba Kogyo Bank, Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Buy Or Sell Opportunity • Feb 28
Now 20% undervalued Over the last 90 days, the stock has risen 5.3% to JP¥1,428. The fair value is estimated to be JP¥1,794, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 11%. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥30.95 (vs JP¥28.99 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.95 (up from JP¥28.99 in 3Q 2024). Revenue: JP¥12.9b (up 5.5% from 3Q 2024). Net income: JP¥1.77b (up 6.8% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 03
Now 20% undervalued Over the last 90 days, the stock has risen 36% to JP¥1,515. The fair value is estimated to be JP¥1,901, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 10%. Buy Or Sell Opportunity • Jan 15
Now 21% undervalued Over the last 90 days, the stock has risen 31% to JP¥1,500. The fair value is estimated to be JP¥1,903, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 10%. New Risk • Jan 08
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 5.0% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 03
The Chiba Kogyo Bank, Ltd. to Report Q3, 2025 Results on Feb 10, 2025 The Chiba Kogyo Bank, Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥33.01 (vs JP¥34.97 in 2Q 2024) Second quarter 2025 results: EPS: JP¥33.01 (down from JP¥34.97 in 2Q 2024). Revenue: JP¥14.1b (up 13% from 2Q 2024). Net income: JP¥1.89b (down 5.5% from 2Q 2024). Profit margin: 13% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 14
Dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Announcement • Aug 29
The Chiba Kogyo Bank, Ltd. to Report Q2, 2025 Results on Nov 12, 2024 The Chiba Kogyo Bank, Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥37.72 (vs JP¥41.68 in 1Q 2024) First quarter 2025 results: EPS: JP¥37.72 (down from JP¥41.68 in 1Q 2024). Revenue: JP¥13.7b (flat on 1Q 2024). Net income: JP¥2.16b (down 9.4% from 1Q 2024). Profit margin: 16% (down from 17% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. 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¥778, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 213% over the past three years. Announcement • Jun 06
The Chiba Kogyo Bank, Ltd. to Report Q1, 2025 Results on Aug 07, 2024 The Chiba Kogyo Bank, Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥130 (vs JP¥92.08 in FY 2023) Full year 2024 results: EPS: JP¥130 (up from JP¥92.08 in FY 2023). Revenue: JP¥53.7b (up 7.4% from FY 2023). Net income: JP¥7.43b (up 36% from FY 2023). Profit margin: 14% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Announcement • May 16
The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 26, 2024 The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 26, 2024. New Risk • Apr 08
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. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 5.1% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Announcement • Feb 28
ZENKOKU HOSHO Co.,Ltd. (TSE:7164) agreed to acquire Chiba Kogin Card Service Co., Ltd. from The Chiba Kogyo Bank, Ltd. (TSE:8337). ZENKOKU HOSHO Co.,Ltd. (TSE:7164) agreed to acquire Chiba Kogin Card Service Co., Ltd. from The Chiba Kogyo Bank, Ltd. (TSE:8337) on February 28, 2024. As per the transaction, ZENKOKU HOSHO Co.,Ltd. will acquire 0.27 million shares of Chiba Kogin Card Service Co., Ltd. As of March 31, 2023, Chiba Kogin Card Service Co., Ltd. generated net worth of ¥5.7 billion, total assets of ¥13.8 billion, sales of 1.7 billion and net income of ¥760 million. The transaction is expected to close on July 1, 2024. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥993, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Banks industry in Japan. Total returns to shareholders of 301% over the past three years. Announcement • Feb 14
The Chiba Kogyo Bank, Ltd. Provides Dividend Guidance for the Year Ending March 31, 2024 The Chiba Kogyo Bank, Ltd. provided dividend guidance for the year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 5.00 per share. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥28.99 (vs JP¥18.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.99 (up from JP¥18.37 in 3Q 2023). Revenue: JP¥13.5b (up 21% from 3Q 2023). Net income: JP¥1.66b (up 52% from 3Q 2023). Profit margin: 12% (up from 9.8% 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 16% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 18
The Chiba Kogyo Bank, Ltd. to Report Q4, 2024 Results on May 10, 2024 The Chiba Kogyo Bank, Ltd. announced that they will report Q4, 2024 results on May 10, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥34.97 (vs JP¥60.43 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.97 (down from JP¥60.43 in 2Q 2023). Revenue: JP¥13.8b (down 4.0% from 2Q 2023). Net income: JP¥2.00b (down 44% from 2Q 2023). Profit margin: 14% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 03
The Chiba Kogyo Bank, Ltd. to Report Nine Months, 2024 Results on Feb 02, 2024 The Chiba Kogyo Bank, Ltd. announced that they will report nine months, 2024 results on Feb 02, 2024 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥41.68 (vs JP¥20.12 in 1Q 2023) First quarter 2024 results: EPS: JP¥41.68 (up from JP¥20.12 in 1Q 2023). Revenue: JP¥15.0b (up 13% from 1Q 2023). Net income: JP¥2.39b (up 100% from 1Q 2023). Profit margin: 16% (up from 9.0% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥723, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 210% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥700, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 220% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥546, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 116% over the past three years. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥110 (vs JP¥85.77 in FY 2022) Full year 2023 results: EPS: JP¥110 (up from JP¥85.77 in FY 2022). Revenue: JP¥50.3b (up 3.1% from FY 2022). Net income: JP¥6.48b (up 28% from FY 2022). Profit margin: 13% (up from 10% in FY 2022). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 33% per year. Announcement • May 14
The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 28, 2023 The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 28, 2023. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥556, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 151% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 5.7% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥485, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 137% over the past three years. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥18.37 (vs JP¥30.18 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.37 (down from JP¥30.18 in 3Q 2022). Revenue: JP¥11.3b (down 9.1% from 3Q 2022). Net income: JP¥1.09b (down 39% from 3Q 2022). Profit margin: 9.6% (down from 14% 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 28% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥447, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 8x in the Banks industry in Japan. Total returns to shareholders of 22% over the past three years. Announcement • Dec 09
The Chiba Kogyo Bank, Ltd. to Report Q3, 2023 Results on Feb 07, 2023 The Chiba Kogyo Bank, Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥406, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 7x in the Banks industry in Japan. Total returns to shareholders of 23% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Tetsuro Sugiura was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥60.43 (vs JP¥28.58 in 2Q 2022) Second quarter 2023 results: EPS: JP¥60.43 (up from JP¥28.58 in 2Q 2022). Revenue: JP¥14.5b (up 20% from 2Q 2022). Net income: JP¥3.59b (up 112% from 2Q 2022). Profit margin: 25% (up from 14% 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 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 15
The Chiba Kogyo Bank, Ltd. to Report Q2, 2023 Results on Nov 09, 2022 The Chiba Kogyo Bank, Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥20.12 (vs JP¥38.94 in 1Q 2022) First quarter 2023 results: EPS: JP¥20.12 (down from JP¥38.94 in 1Q 2022). Revenue: JP¥13.8b (up 14% from 1Q 2022). Net income: JP¥1.19b (down 48% from 1Q 2022). Profit margin: 8.6% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 18
The Chiba Kogyo Bank, Ltd. to Report Q1, 2023 Results on Aug 05, 2022 The Chiba Kogyo Bank, Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥108 (vs JP¥57.33 in FY 2021) Full year 2022 results: EPS: JP¥108 (up from JP¥57.33 in FY 2021). Revenue: JP¥49.4b (up 4.7% from FY 2021). Net income: JP¥6.39b (up 88% from FY 2021). Profit margin: 13% (up from 7.2% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 15
The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 24, 2022 The Chiba Kogyo Bank, Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
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, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Tetsuro Sugiura was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 