Board Change • Jun 28
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. 5 independent directors (6 non-independent directors). Chairman, President & CEO Minoru Sato is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Toshiyuki Hata was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 17
The Toho Bank, Ltd. to Report Q1, 2027 Results on Jul 31, 2026 The Toho Bank, Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥49.45 (vs JP¥29.78 in FY 2025) Full year 2026 results: EPS: JP¥49.45 (up from JP¥29.78 in FY 2025). Revenue: JP¥74.9b (up 17% from FY 2025). Net income: JP¥12.4b (up 66% from FY 2025). Profit margin: 17% (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 33% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2026 The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
The Toho Bank, Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 The Toho Bank, Ltd. announced that they will report fiscal year 2026 results at 12:00 PM, Tokyo Standard Time on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.7%). Announcement • Mar 06
the Toho Bank, Ltd. Announces Management Changes The Toho Bank, Ltd. announced that it has provisionally decided, at the meeting of the Board of Directors held on March 6, 2026, on the changes of Representative Director and other officers described below. The Bank plans to formalize these decisions at the 123th Annual General Meeting of Shareholders to be held on June 26, 2026, and the subsequent meeting of the Board of Directors. Takashi Sekine appointed as Senior Managing Director (Representative Director) from Managing Executive Officer. Satoshi Kanari appointed as Managing Director from Managing Executive Officer, Head, Business Promotion Headquarters. Hiromi Meguro and Shinji Takano retired as Managing Directors of the company. The company appointed Yumiko Takahashi as DirectorAudit and Supervisory Committee Member from DirectorAudit and Supervisory Committee Member. Takuo Sato retired as Director Audit and Supervisory Committee Member. Masato Seino promoted as Managing Executive Officer from Managing Executive Officer. The company plans to appoint Masatomo Fujishima as Officer on the Audit and Supervisory Committee from Executive Officer and responsible for Personnel Department. Yumiko Takahashi retired as Officer on the Audit and Supervisory Committee (Planning to take up the position of Director serving as an Audit and Supervisory Committee Member). 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 5.9% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥14.82 (vs JP¥7.98 in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.82 (up from JP¥7.98 in 3Q 2025). Revenue: JP¥19.7b (up 22% from 3Q 2025). Net income: JP¥3.70b (up 86% from 3Q 2025). Profit margin: 19% (up from 12% 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 27% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥701, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 14x in the Banks industry in Japan. Total returns to shareholders of 213% over the past three years. Announcement • Dec 26
The Toho Bank, Ltd. (TSE:8346) acquired 18.11% stake in The Daito Bank, Ltd. (TSE:8563) from HS Holdings Co., Ltd. (TSE:8699) for ¥2 billion. The Toho Bank, Ltd. (TSE:8346) acquired additional 18.11% stake in The Daito Bank, Ltd. (TSE:8563) from HS Holdings Co., Ltd. (TSE:8699) for ¥2 billion on December 26, 2025. As part of consideration, ¥2 billion is paid towards common equity of The Daito Bank, Ltd. After the transaction, The Toho Bank, Ltd. holds 19.67% stake.
The Toho Bank, Ltd. (TSE:8346) completed the acquisition of 18.11% stake in The Daito Bank, Ltd. (TSE:8563) from HS Holdings Co., Ltd. (TSE:8699) for ¥2 billion on December 26, 2025. Announcement • Dec 10
The Toho Bank, Ltd. to Report Q3, 2026 Results on Feb 10, 2026 The Toho Bank, Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 06
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥11.48 (vs JP¥8.84 in 2Q 2025) Second quarter 2026 results: EPS: JP¥11.48 (up from JP¥8.84 in 2Q 2025). Revenue: JP¥17.9b (up 15% from 2Q 2025). Net income: JP¥2.87b (up 30% from 2Q 2025). Profit margin: 16% (up from 14% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Announcement • Sep 12
The Toho Bank, Ltd. to Report Q2, 2026 Results on Nov 07, 2025 The Toho Bank, Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Buy Or Sell Opportunity • Aug 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥385. The fair value is estimated to be JP¥321, 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 12%. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥13.63 (vs JP¥9.43 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.63 (up from JP¥9.43 in 1Q 2025). Revenue: JP¥18.6b (up 17% from 1Q 2025). Net income: JP¥3.40b (up 44% from 1Q 2025). Profit margin: 18% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Jul 07
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Audit & Supervisory Committee Member Takahashi Yumiko was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 25
The Toho Bank, Ltd. to Report Q1, 2026 Results on Jul 31, 2025 The Toho Bank, Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 12
Full year 2025 earnings released: EPS: JP¥29.78 (vs JP¥20.83 in FY 2024) Full year 2025 results: EPS: JP¥29.78 (up from JP¥20.83 in FY 2024). Revenue: JP¥64.1b (up 13% from FY 2024). Net income: JP¥7.45b (up 42% from FY 2024). Profit margin: 12% (up from 9.2% 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 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2025 The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥295, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Declared Dividend • Feb 10
Dividend of JP¥4.00 announced Shareholders will receive a dividend of JP¥4.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥7.98 (vs JP¥8.81 in 3Q 2024) Third quarter 2025 results: EPS: JP¥7.98 (down from JP¥8.81 in 3Q 2024). Revenue: JP¥16.2b (up 8.0% from 3Q 2024). Net income: JP¥1.99b (down 10% from 3Q 2024). Profit margin: 12% (down from 15% in 3Q 2024). 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 only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Dec 11
The Toho Bank, Ltd. to Report Q3, 2025 Results on Feb 05, 2025 The Toho Bank, Ltd. announced that they will report Q3, 2025 results on Feb 05, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥8.84 (vs JP¥5.27 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.84 (up from JP¥5.27 in 2Q 2024). Revenue: JP¥15.8b (up 16% from 2Q 2024). Net income: JP¥2.21b (up 66% from 2Q 2024). Profit margin: 14% (up from 9.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥3.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Aug 29
The Toho Bank, Ltd. to Report Q2, 2025 Results on Nov 08, 2024 The Toho Bank, Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥9.43 (vs JP¥7.86 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.43 (up from JP¥7.86 in 1Q 2024). Revenue: JP¥15.8b (up 9.9% from 1Q 2024). Net income: JP¥2.37b (up 20% from 1Q 2024). Profit margin: 15% (up from 14% 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 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 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 7.3% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥232, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 19% over the past three years. Announcement • Jun 26
The Toho Bank, Ltd. to Report Q1, 2025 Results on Aug 06, 2024 The Toho Bank, Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥20.83 (vs JP¥17.83 in FY 2023) Full year 2024 results: EPS: JP¥20.83 (up from JP¥17.83 in FY 2023). Revenue: JP¥57.1b (up 4.3% from FY 2023). Net income: JP¥5.25b (up 17% from FY 2023). Profit margin: 9.2% (up from 8.2% 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 70% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 16
The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2024 The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2024. Announcement • May 15
The Toho Bank, Ltd. (TSE:8346) announces an Equity Buyback for 4,000,000 shares, representing 1.59% for ¥1,000 million. The Toho Bank, Ltd. (TSE:8346) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 1.59% of its share capital, for ¥1,000 million. The purpose of the program is to return profits to shareholders by improving capital efficiency through the implementation of flexible capital policies, taking into consideration market trends, business outlook, etc. The program will run until June 21, 2024. As of March 31, 2024, the company had 252,263,885 shares outstanding (excluding treasury shares) and 236,115 shares in treasury. Buy Or Sell Opportunity • May 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to JP¥331. The fair value is estimated to be JP¥276, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 67%. Buy Or Sell Opportunity • Apr 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥338. The fair value is estimated to be JP¥280, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 67%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥3.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.9%). Announcement • Mar 02
The Toho Bank, Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 The Toho Bank, Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Buy Or Sell Opportunity • Feb 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥338. The fair value is estimated to be JP¥280, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 67%. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥8.81 (vs JP¥6.34 in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.81 (up from JP¥6.34 in 3Q 2023). Revenue: JP¥15.9b (up 14% from 3Q 2023). Net income: JP¥2.22b (up 39% from 3Q 2023). Profit margin: 14% (up from 11% 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 67% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Dec 09
The Toho Bank, Ltd. to Report Q3, 2024 Results on Feb 06, 2024 The Toho Bank, Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥5.27 (vs JP¥3.09 in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.27 (up from JP¥3.09 in 2Q 2023). Revenue: JP¥14.6b (up 11% from 2Q 2023). Net income: JP¥1.33b (up 71% from 2Q 2023). Profit margin: 9.1% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥3.50 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.2%). Announcement • Sep 06
The Toho Bank, Ltd. to Report Q2, 2024 Results on Nov 10, 2023 The Toho Bank, Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥7.86 (vs JP¥6.88 in 1Q 2023) First quarter 2024 results: EPS: JP¥7.86 (up from JP¥6.88 in 1Q 2023). Revenue: JP¥14.8b (up 1.6% from 1Q 2023). Net income: JP¥1.98b (up 14% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 22
The Toho Bank, Ltd. to Report Q1, 2024 Results on Aug 01, 2023 The Toho Bank, Ltd. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥17.83 (vs JP¥26.79 in FY 2022) Full year 2023 results: EPS: JP¥17.83 (down from JP¥26.79 in FY 2022). Revenue: JP¥56.6b (down 1.2% from FY 2022). Net income: JP¥4.49b (down 34% from FY 2022). Profit margin: 7.9% (down from 12% in FY 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 14
The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2023 The Toho Bank, Ltd., Annual General Meeting, Jun 26, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.50 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.0%). Reported Earnings • Feb 03
Third quarter 2023 earnings released: EPS: JP¥6.34 (vs JP¥8.06 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.34 (down from JP¥8.06 in 3Q 2022). Revenue: JP¥17.0b (up 19% from 3Q 2022). Net income: JP¥1.60b (down 21% from 3Q 2022). Profit margin: 9.4% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Dec 23
The Toho Bank, Ltd. to Report Q3, 2023 Results on Feb 02, 2023 The Toho Bank, Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥3.09 (vs JP¥7.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥3.09 (down from JP¥7.72 in 2Q 2022). Revenue: JP¥15.9b (up 8.1% from 2Q 2022). Net income: JP¥779.0m (down 60% from 2Q 2022). Profit margin: 4.9% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. President & Representative Director Minoru Sato is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥3.09 (vs JP¥7.72 in 2Q 2022) Second quarter 2023 results: EPS: JP¥3.09 (down from JP¥7.72 in 2Q 2022). Revenue: JP¥15.9b (up 8.1% from 2Q 2022). Net income: JP¥779.0m (down 60% from 2Q 2022). Profit margin: 4.9% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥3.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (4.4%). Announcement • Sep 09
The Toho Bank, Ltd. to Report Q2, 2023 Results on Nov 11, 2022 The Toho Bank, Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥6.88 (vs JP¥7.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.88 (down from JP¥7.01 in 1Q 2022). Revenue: JP¥15.3b (up 7.5% from 1Q 2022). Net income: JP¥1.73b (down 1.9% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Announcement • Jun 15
The Toho Bank, Ltd. to Report Q1, 2023 Results on Aug 02, 2022 The Toho Bank, Ltd. announced that they will report Q1, 2023 results on Aug 02, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥26.79 (vs JP¥18.50 loss in FY 2021) Full year 2022 results: EPS: JP¥26.79 (up from JP¥18.50 loss in FY 2021). Revenue: JP¥57.7b (up 32% from FY 2021). Net income: JP¥6.75b (up JP¥11.4b from FY 2021). Profit margin: 12% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Non-performing loans: 1.35% (up from 1.18% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 15
The Toho Bank, Ltd., Annual General Meeting, Jun 23, 2022 The Toho Bank, Ltd., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
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, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Satoshi Nagano 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. Announcement • Apr 08
The Toho Bank, Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 The Toho Bank, Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (4.0%). Reported Earnings • Feb 03
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥8.06 (up from JP¥6.00 in 3Q 2021). Revenue: JP¥15.6b (up 13% from 3Q 2021). Net income: JP¥2.03b (up 34% from 3Q 2021). Profit margin: 13% (up from 11% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥7.72 (vs JP¥1.55 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥15.5b (up 27% from 2Q 2021). Net income: JP¥1.95b (up JP¥2.34b from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥7.01 (vs JP¥5.19 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥15.3b (up 8.1% from 1Q 2021). Net income: JP¥1.77b (up 35% from 1Q 2021). Profit margin: 12% (up from 9.3% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2021 earnings released: JP¥18.50 loss per share (vs JP¥10.82 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥46.6b (down 14% from FY 2020). Net loss: JP¥4.66b (down 271% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.8%). Announcement • Mar 19
The Toho Bank, Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 The Toho Bank, Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Mar 08
New 90-day high: JP¥229 The company is up 3.0% from its price of JP¥222 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 18% over the same period. Reported Earnings • Feb 04
Third quarter 2021 earnings released: EPS JP¥6.00 (vs JP¥1.45 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥17.3b (up 28% from 3Q 2020). Net income: JP¥1.51b (up 313% from 3Q 2020). Profit margin: 8.7% (up from 2.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 30
New 90-day low: JP¥208 The company is down 10.0% from its price of JP¥231 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: JP¥218 The company is down 4.0% from its price of JP¥228 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. Announcement • Oct 10
The Toho Bank, Ltd. to Report Q2, 2021 Results on Nov 13, 2020 The Toho Bank, Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 