Announcement • Jun 05
The 77 Bank, Ltd. to Report Q1, 2027 Results on Jul 31, 2026 The 77 Bank, Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 15
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥727 (up from JP¥177 in FY 2025). Revenue: JP¥187.5b (up 14% from FY 2025). Net income: JP¥54.0b (up 38% from FY 2025). Profit margin: 29% (up from 24% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 57% per year. Live News • May 14
77 Bank Delivers Robust 2026 Earnings With Higher Dividend and New Shareholder Targets 77 Bank reported strong consolidated earnings for FY2026, with ordinary income and profit rising and prior losses reversing.
The bank raised its FY2025 annual dividend to ¥260 per share and implemented a 3-for-1 stock split effective April 1, 2026.
Management revised its shareholder return policy to target a dividend payout of at least 40% by FY2028 and highlighted the potential for share buybacks, aligned with its revised “Vision 2030” plan and focus on higher profitability and capital strength.
The mix of stronger earnings, a higher dividend policy and a stock split points to a management team that is prioritising both a solid financial base and more direct cash returns to shareholders.
You should still weigh how dependent recent profit growth is on loan interest, securities income and equity sales, since any shift in those revenue drivers could affect how comfortably the bank can sustain its updated payout targets. Announcement • May 13
The 77 Bank, Ltd., Annual General Meeting, Jun 26, 2026 The 77 Bank, Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
The 77 Bank, Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 The 77 Bank, Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 New Risk • Apr 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 6.9% 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. Price Target Changed • Apr 10
Price target increased by 9.2% to JP¥3,039 Up from JP¥2,783, the current price target is an average from 3 analysts. New target price is 7.1% below last closing price of JP¥3,271. Stock is up 153% over the past year. The company is forecast to post earnings per share of JP¥224 for next year compared to JP¥177 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥113 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.7%). Announcement • Mar 05
Aeon Co., Ltd. (TSE:8267) completed the acquisition of 19.26% stake in Sunday Co.,Ltd. (TSE:7450) from group of sellers in a tender offer transaction. Aeon Co., Ltd. (TSE:8267) proposed to acquire remaining 23.3% stake in Sunday Co.,Ltd. (TSE:7450) from group of sellers for JPY 3.2 billion in a tender offer transaction on January 8, 2026. A cash consideration valued at ¥1,280 per share and ¥1 per share will be paid by Aeon Co. for Common stock and Option's. If the Tender Offeror fails to acquire all the Target Company Shares, the Tender Offeror will take a series of procedures to become the sole shareholder of the Target Company after the completion of the Tender offer, hereinafter the Squeeze-Out Procedures.
The expected completion of the transaction is March 4, 2026.
City-Yuwa Partners acted as the legal advisor along with Nomura Securities Co., Ltd. acting as the financial advisor to Aeon Co., Ltd. Anderson Mori & Tomotsune acted as the legal advisor along with Mizuho Securities Co., Ltd. acting as the financial advisor to Sunday Co.,Ltd.
Aeon Co., Ltd. (TSE:8267) completed the acquisition of 19.26% stake in Sunday Co.,Ltd. (TSE:7450) from group of sellers in a tender offer transaction on March 4, 2026. After the transaction Aeon Co., Ltd. owns 96.13% in Sunday Co.,Ltd. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥210 (vs JP¥155 in 3Q 2025) Third quarter 2026 results: EPS: JP¥210 (up from JP¥155 in 3Q 2025). Revenue: JP¥49.5b (up 23% from 3Q 2025). Net income: JP¥15.6b (up 36% from 3Q 2025). Profit margin: 32% (up from 29% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Japan. 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 56% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 15
Price target increased by 9.4% to JP¥8,317 Up from JP¥7,600, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥8,534. Stock is up 94% over the past year. The company is forecast to post earnings per share of JP¥689 for next year compared to JP¥530 last year. Announcement • Dec 17
The 77 Bank, Ltd. to Report Q3, 2026 Results on Jan 30, 2026 The 77 Bank, Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 10
First half dividend of JP¥113 announced Shareholders will receive a dividend of JP¥113. Ex-date: 30th March 2026 Payment date: 30th 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 19% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥162 (vs JP¥114 in 2Q 2025) Second quarter 2026 results: EPS: JP¥162 (up from JP¥114 in 2Q 2025). Revenue: JP¥44.8b (up 17% from 2Q 2025). Net income: JP¥12.0b (up 42% from 2Q 2025). Profit margin: 27% (up from 22% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Oct 22
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥558 to JP¥619. Revenue forecast unchanged at JP¥193.5b. Net income forecast to grow 9.0% next year vs 17% growth forecast for Banks industry in Japan. Consensus price target up from JP¥4,800 to JP¥7,000. Share price rose 9.0% to JP¥6,254 over the past week. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥105 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Announcement • Sep 04
The 77 Bank, Ltd. to Report Q2, 2026 Results on Nov 14, 2025 The 77 Bank, Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Buy Or Sell Opportunity • Jul 28
Now 21% undervalued Over the last 90 days, the stock has risen 19% to JP¥5,133. The fair value is estimated to be JP¥6,473, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 19%. Reported Earnings • Jul 26
First quarter 2026 earnings released: EPS: JP¥166 (vs JP¥153 in 1Q 2025) First quarter 2026 results: EPS: JP¥166 (up from JP¥153 in 1Q 2025). Revenue: JP¥41.0b (down 5.5% from 1Q 2025). Net income: JP¥12.3b (up 8.6% from 1Q 2025). Profit margin: 30% (up from 26% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥105 announced Shareholders will receive a dividend of JP¥105. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 4.1%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 18% 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 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
The 77 Bank, Ltd. to Report Q1, 2026 Results on Jul 25, 2025 The 77 Bank, Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • May 12
Full year 2025 earnings released: EPS: JP¥529 (vs JP¥402 in FY 2024) Full year 2025 results: EPS: JP¥529 (up from JP¥402 in FY 2024). Revenue: JP¥164.0b (up 13% from FY 2024). Net income: JP¥39.3b (up 32% from FY 2024). Profit margin: 24% (up from 21% 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 18% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
The 77 Bank, Ltd., Annual General Meeting, Jun 27, 2025 The 77 Bank, Ltd., Annual General Meeting, Jun 27, 2025. Price Target Changed • Apr 16
Price target decreased by 13% to JP¥4,200 Down from JP¥4,850, the current price target is provided by 1 analyst. New target price is 7.3% above last closing price of JP¥3,916. Stock is down 2.2% over the past year. The company is forecast to post earnings per share of JP¥474 for next year compared to JP¥402 last year. New Risk • Apr 07
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 5.6% 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 are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥3,892, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 198% over the past three years. Buy Or Sell Opportunity • Apr 03
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.4% to JP¥4,258. The fair value is estimated to be JP¥5,590, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥77.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 30% 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%). Buy Or Sell Opportunity • Mar 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to JP¥4,437. The fair value is estimated to be JP¥5,596, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 18%. Announcement • Mar 06
The 77 Bank, Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 The 77 Bank, Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥155 (vs JP¥99.52 in 3Q 2024) Third quarter 2025 results: EPS: JP¥155 (up from JP¥99.52 in 3Q 2024). Revenue: JP¥40.2b (up 25% from 3Q 2024). Net income: JP¥11.5b (up 56% from 3Q 2024). Profit margin: 29% (up from 23% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 10
First half dividend of JP¥77.50 announced Shareholders will receive a dividend of JP¥77.50. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 16% 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 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 06
The 77 Bank, Ltd. to Report Q3, 2025 Results on Jan 31, 2025 The 77 Bank, Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥114 (vs JP¥124 in 2Q 2024) Second quarter 2025 results: EPS: JP¥114 (down from JP¥124 in 2Q 2024). Revenue: JP¥38.3b (up 6.9% from 2Q 2024). Net income: JP¥8.47b (down 8.0% from 2Q 2024). Profit margin: 22% (down from 26% 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 16% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Announcement • Sep 10
The 77 Bank, Ltd. to Report Q2, 2025 Results on Nov 08, 2024 The 77 Bank, Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Aug 16
The 77 Bank, Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2025 The 77 Bank, Ltd. provided consolidated and non-consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2025. For the first half, on consolidated basis, the company expects ordinary profit of JPY 26,500 million, profit attributable to owners of parent of JPY 18,000 million and basic earnings per share of JPY 242.96.
For the full year, on consolidated basis, the company expects ordinary profit of JPY 48,500 million, profit attributable to owners of parent of JPY 33,000 million and basic earnings per share of JPY 445.43.
For the first half, on non-consolidated basis, the company expects ordinary profit of JPY 26,000 million, net income of JPY 18,000 million and basic earnings per share of JPY 242.96.
For the full year, on non-consolidated basis, the company expects ordinary profit of JPY 47,000 million, net income of JPY 32,000 million and basic earnings per share of JPY 431.93. Announcement • Aug 16
The 77 Bank, Ltd. Announces Year-End Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 28, 2024; Provides Second Quarter-End and Year-End Dividend Guidance of Fiscal Year Ending March 31, 2025 The 77 Bank, Ltd. announced year-end dividend of JPY 67.50 per share for the fiscal year ended March 31, 2024 against JPY 50.00 per share a year ago, payable on June 28, 2024.
The company provided second quarter-end and year-end dividend guidance of fiscal year ending March 31, 2025. For the second quarter-end, the company expects to pay dividend of JPY 70.00 per share against JPY 55.00 per share a year ago.
For the year, the company expects to pay year-end dividend of JPY 70.00 per share against JPY 67.50 per share a year ago. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,675, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Banks industry in Japan. Total returns to shareholders of 251% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,927 per share. New Risk • Aug 02
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 5.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥153 (vs JP¥115 in 1Q 2024) First quarter 2025 results: EPS: JP¥153 (up from JP¥115 in 1Q 2024). Revenue: JP¥43.4b (up 18% from 1Q 2024). Net income: JP¥11.3b (up 33% from 1Q 2024). Profit margin: 26% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 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 15% 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 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 13
The 77 Bank, Ltd. to Report Q1, 2025 Results on Jul 26, 2024 The 77 Bank, Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 Buy Or Sell Opportunity • Jun 11
Now 20% undervalued Over the last 90 days, the stock has risen 13% to JP¥4,295. The fair value is estimated to be JP¥5,379, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • May 12
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥402 (up from JP¥339 in FY 2023). Revenue: JP¥145.1b (up 21% from FY 2023). Net income: JP¥29.8b (up 19% from FY 2023). Profit margin: 21% (in line with FY 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
The 77 Bank, Ltd., Annual General Meeting, Jun 27, 2024 The 77 Bank, Ltd., Annual General Meeting, Jun 27, 2024. Buy Or Sell Opportunity • Apr 24
Now 20% undervalued Over the last 90 days, the stock has risen 20% to JP¥4,315. The fair value is estimated to be JP¥5,395, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Apr 01
Now 22% undervalued Over the last 90 days, the stock has risen 15% to JP¥3,990. The fair value is estimated to be JP¥5,102, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 1.4% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. 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 (3.2%). In line with average of industry peers (2.9%). Buy Or Sell Opportunity • Mar 11
Now 22% undervalued Over the last 90 days, the stock has risen 3.6% to JP¥3,905. The fair value is estimated to be JP¥5,034, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 1.4% in the next 2 years. Announcement • Mar 03
The 77 Bank, Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 The 77 Bank, Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Declared Dividend • Jan 30
Dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2024 Payment date: 1st July 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 12% 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 decline by 1.9% over the next 3 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥99.52 (vs JP¥100 in 3Q 2023) Third quarter 2024 results: EPS: JP¥99.52 (down from JP¥100 in 3Q 2023). Revenue: JP¥32.1b (up 5.3% from 3Q 2023). Net income: JP¥7.37b (flat on 3Q 2023). Profit margin: 23% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Dec 14
Now 23% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be JP¥4,650, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to decline by 0.6% in the next 2 years. Announcement • Dec 09
The 77 Bank, Ltd. to Report Q3, 2024 Results on Jan 26, 2024 The 77 Bank, Ltd. announced that they will report Q3, 2024 results on Jan 26, 2024 New Risk • Nov 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥124 (vs JP¥68.80 in 2Q 2023) Second quarter 2024 results: EPS: JP¥124 (up from JP¥68.80 in 2Q 2023). Revenue: JP¥35.8b (up 32% from 2Q 2023). Net income: JP¥9.21b (up 81% from 2Q 2023). Profit margin: 26% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥52.50 per share at 3.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Announcement • Sep 09
The 77 Bank, Ltd. to Report Q2, 2024 Results on Nov 10, 2023 The 77 Bank, Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥115 (vs JP¥107 in 1Q 2023) First quarter 2024 results: EPS: JP¥115 (up from JP¥107 in 1Q 2023). Revenue: JP¥37.4b (up 21% from 1Q 2023). Net income: JP¥8.48b (up 7.7% from 1Q 2023). Profit margin: 23% (down from 26% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 15
The 77 Bank, Ltd. to Report Q1, 2024 Results on Jul 28, 2023 The 77 Bank, Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 17
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥339 (up from JP¥301 in FY 2022). Revenue: JP¥120.0b (up 5.8% from FY 2022). Net income: JP¥25.1b (up 13% from FY 2022). Profit margin: 21% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%. Revenue is forecast to grow 6.1% 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 15% per year whereas the company’s share price has increased by 18% per year. Announcement • May 14
The 77 Bank, Ltd., Annual General Meeting, Jun 29, 2023 The 77 Bank, Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.0%). Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥100 (vs JP¥76.82 in 3Q 2022) Third quarter 2023 results: EPS: JP¥100 (up from JP¥76.82 in 3Q 2022). Revenue: JP¥34.1b (up 24% from 3Q 2022). Net income: JP¥7.42b (up 31% from 3Q 2022). Profit margin: 22% (up from 21% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% 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 12% per year whereas the company’s share price has increased by 10% per year. Announcement • Dec 22
The 77 Bank, Ltd. to Report Q3, 2023 Results on Jan 27, 2023 The 77 Bank, Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥68.80 (vs JP¥63.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥68.80 (up from JP¥63.40 in 2Q 2022). Revenue: JP¥29.8b (up 4.1% from 2Q 2022). Net income: JP¥5.09b (up 8.6% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥68.80 (vs JP¥63.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥68.80 (up from JP¥63.40 in 2Q 2022). Revenue: JP¥29.8b (up 4.1% from 2Q 2022). Net income: JP¥5.09b (up 8.6% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 27
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,338, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in a year. Earnings is forecast to grow by 0.6% in the next year. 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. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.4%). Announcement • Sep 15
The 77 Bank, Ltd. to Report Q2, 2023 Results on Nov 11, 2022 The 77 Bank, Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥107 (vs JP¥101 in 1Q 2022) First quarter 2023 results: EPS: JP¥107 (up from JP¥101 in 1Q 2022). Revenue: JP¥31.9b (up 4.8% from 1Q 2022). Net income: JP¥7.88b (up 5.1% from 1Q 2022). Profit margin: 25% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 12%, compared to a 6.4% growth forecast for the 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 6% per year. Reported Earnings • May 19
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥301 (up from JP¥223 in FY 2021). Revenue: JP¥113.4b (up 1.7% from FY 2021). Net income: JP¥22.2b (up 35% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 13% compared to a 20% decline forecast for the banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 15
The 77 Bank, Ltd., Annual General Meeting, Jun 29, 2022 The 77 Bank, Ltd., Annual General Meeting, Jun 29, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,850 Down from JP¥2,000, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥1,524. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥276 for next year compared to JP¥223 last year. 
