Japanese Banks Undervalued over 20% based on DCF

Mitsubishi UFJ Financial Group

Market Cap: JP¥25.3t

Operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally.

Sumitomo Mitsui Financial Group

Market Cap: JP¥15.3t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

Mizuho Financial Group

Market Cap: JP¥11.7t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

JAPAN POST BANK

Market Cap: JP¥6.2t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

Resona Holdings

Market Cap: JP¥3.3t

Through its subsidiaries, provides retail and commercial banking products and services in Japan and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.9t

Operates as a trust bank in Japan and internationally.

Concordia Financial Group

Market Cap: JP¥1.2t

Provides various banking products and services to small and medium-sized businesses and individuals.

Chiba Bank

Market Cap: JP¥1.0t

Provides banking products and services in Japan and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.0t

Provides various banking products and services.

Mebuki Financial GroupInc

Market Cap: JP¥836.6b

Provides banking products and financial services in Japan and internationally.

Fukuoka Financial Group

Market Cap: JP¥811.9b

Provides various banking services to individual and corporate customers.

Kiyo Bank

Market Cap: JP¥179.0b

Provides various banking products and services to individual and corporate customers in Japan.

Nanto Bank

Market Cap: JP¥146.0b

Engages in banking, securities, leasing, and credit guarantee businesses in Japan.

Awa Bank

Market Cap: JP¥130.8b

Provides commercial banking and leasing services in Japan.

Musashino Bank

Market Cap: JP¥124.1b

Provides banking products and financial services in Japan.

TOMONY Holdings

Market Cap: JP¥119.3b

Through its subsidiaries, provides various banking and financial products and services.

Chiba Kogyo Bank

Market Cap: JP¥85.2b

Provides various banking products and services in Japan.

Okinawa Financial Group

Market Cap: JP¥75.2b

Provides various financial services.

Miyazaki Bank

Market Cap: JP¥71.5b

Offers various banking products and services primarily in Japan.

Bank of The Ryukyus

Market Cap: JP¥51.2b

Provides various banking products and services in Japan.

Ehime Bank

Market Cap: JP¥43.8b

Provides banking products and financial services in Japan.

Kita-Nippon Bank

Market Cap: JP¥29.4b

Engages in the provision of commercial banking products and services in Japan.

Towa Bank

Market Cap: JP¥29.2b

Provides various banking products and services.

FIDEA Holdings

Market Cap: JP¥28.0b

Through its subsidiaries, provides various banking products and services to corporate and individual customers in Japan.

Tsukuba Bank

Market Cap: JP¥23.0b

Provides various banking products and services in Japan.

Taiko BankLtd

Market Cap: JP¥15.9b

Provides various banking products and services in Japan.

Tomato Bank

Market Cap: JP¥15.2b

Provides banking products and services for individual and corporate customers in Japan.

Tohoku Bank

Market Cap: JP¥11.1b

Provides various banking and financial services for individual and corporate customers in Japan.

Chikuho Bank

Market Cap: JP¥8.2b

Provides various banking products and services to individual and corporate customers in Japan.

Fukushima Bank

Market Cap: JP¥7.9b

Provides various banking products and services to individual and corporate customers in Japan.

Shimane BankLtd

Market Cap: JP¥3.9b

Provides various banking products and services for individual and corporate customers in Japan.