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Oita Bank

OTCPK:OITA.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OITA.F
OTCPK
¥50B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

The Oita Bank, Ltd. provides various banking products and services to individual and corporate clients primarily in Oita Prefecture, Japan. The last earnings update was 93 days ago. More info.


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OITA.F Share Price and Events
7 Day Returns
0%
OTCPK:OITA.F
-5.7%
US Banks
-3.9%
US Market
1 Year Returns
-
OTCPK:OITA.F
-10.9%
US Banks
1.4%
US Market
OITA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oita Bank (OITA.F) 0% 0% - - - -
US Banks -5.7% -3.1% -1% -10.9% 44.6% 47.9%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • No trading data on OITA.F.
  • No trading data on OITA.F.
Price Volatility
OITA.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Oita Bank's competitors could be found in our database.

Value

 Is Oita Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Oita Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Oita Bank.

OTCPK:OITA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ¥12,374.67 * 4%
¥499.07
Book Value of Equity per Share Median Book Value from the past 5 years. ¥12,374.67
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:OITA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.632 (1 + (1- 30.86%) (229.65%))
1.426
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.426 * 5.96%)
11.23%

Discounted Cash Flow Calculation for OTCPK:OITA.F using Excess Returns Model Model

The calculations below outline how an intrinsic value for Oita Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:OITA.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4% – 11.23%) * ¥12,374.67)
¥-890.43
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-890.43 / (11.23% - 2.73%)
¥-10,477.39
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥12,374.67 + ¥-10,477.39
¥1897.29
OTCPK:OITA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:OITA.F represents 0.00998x of TSE:8392
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00998x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,897.29 x 0.00998
$18.94
Value per share (USD) From above. $18.94
Current discount Discount to share price of $31.45
= -1 x ($31.45 - $18.94) / $18.94
-66%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Oita Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Oita Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oita Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:OITA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥346.51
TSE:8392 Share Price ** TSE (2019-03-25) in JPY ¥3150
United States of America Banks Industry PE Ratio Median Figure of 592 Publicly-Listed Banks Companies 12.8x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oita Bank.

OTCPK:OITA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8392 Share Price ÷ EPS (both in JPY)

= 3150 ÷ 346.51

9.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oita Bank is good value based on earnings compared to the US Banks industry average.
  • Oita Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Oita Bank's expected growth come at a high price?
Raw Data
OTCPK:OITA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
23.9%per year
United States of America Banks Industry PEG Ratio Median Figure of 269 Publicly-Listed Banks Companies 1.42x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Oita Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oita Bank's assets?
Raw Data
OTCPK:OITA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥12,374.67
TSE:8392 Share Price * TSE (2019-03-25) in JPY ¥3150
United States of America Banks Industry PB Ratio Median Figure of 597 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:OITA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8392 Share Price ÷ Book Value per Share (both in JPY)

= 3150 ÷ 12,374.67

0.25x

* Primary Listing of Oita Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oita Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Oita Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Oita Bank has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Oita Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Oita Bank, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oita Bank expected to grow at an attractive rate?
  • Oita Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Oita Bank's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Oita Bank's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:OITA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:OITA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 23.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:OITA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:OITA.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-03-31
OTCPK:OITA.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 59,358 5,451
2018-09-30 57,480 -31,413 4,229
2018-06-30 58,541 5,210
2018-03-31 56,799 -120,574 5,976
2017-12-31 56,837 8,293
2017-09-30 58,343 18,290 8,807
2017-06-30 56,103 7,326
2017-03-31 55,995 -11,409 7,540
2016-12-31 55,428 7,725
2016-09-30 56,169 -96,065 9,242
2016-06-30 57,023 9,871
2016-03-31 57,684 29,707 9,736

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oita Bank's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Oita Bank is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:OITA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Oita Bank Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:OITA.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-03-31
OTCPK:OITA.F Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 346.51
2018-09-30 268.82
2018-06-30 331.17
2018-03-31 379.89
2017-12-31 527.22
2017-09-30 559.95
2017-06-30 465.84
2017-03-31 479.49
2016-12-31 492.45
2016-09-30 591.53
2016-06-30 634.38
2016-03-31 628.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Oita Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Oita Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Oita Bank has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Oita Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Oita Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oita Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Oita Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Oita Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Oita Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oita Bank Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:OITA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 59,358.00 5,451.00 29,801.00
2018-09-30 57,480.00 4,229.00 30,397.00
2018-06-30 58,541.00 5,210.00 30,847.00
2018-03-31 56,799.00 5,976.00 31,399.00
2017-12-31 56,837.00 8,293.00 31,257.00
2017-09-30 58,343.00 8,807.00 31,401.00
2017-06-30 56,103.00 7,326.00 31,681.00
2017-03-31 55,995.00 7,540.00 31,915.00
2016-12-31 55,428.00 7,725.00 32,119.00
2016-09-30 56,169.00 9,242.00 32,069.00
2016-06-30 57,023.00 9,871.00 32,048.00
2016-03-31 57,684.00 9,736.00 31,892.00
2015-12-31 58,056.00 9,199.00 31,715.00
2015-09-30 58,279.00 8,569.00 31,891.00
2015-06-30 59,899.00 10,147.00 32,124.00
2015-03-31 59,517.00 9,664.00 32,186.00
2014-12-31 56,491.00 7,176.00 32,168.00
2014-09-30 55,397.00 7,536.00 32,069.00
2014-06-30 54,289.00 6,679.00 32,157.00
2014-03-31 56,770.00 8,271.00 32,406.00
2013-12-31 58,215.00 11,119.00 32,322.00
2013-09-30 57,245.00 10,823.00 32,360.00
2013-06-30 54,623.00 10,167.00 32,114.00
2013-03-31 52,404.00 7,206.00 31,855.00
2012-12-31 55,440.00 8,119.00 32,178.00
2012-09-30 55,068.00 6,319.00 32,143.00
2012-06-30 55,522.00 5,382.00 32,247.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Oita Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oita Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Oita Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Oita Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Oita Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Oita Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Oita Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Oita Bank Company Filings, last reported 4 months ago.

OTCPK:OITA.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 194,722.00 113,799.00 243,275.00
2018-09-30 202,647.00 102,046.00 189,694.00
2018-06-30 199,869.00 93,330.00 324,939.00
2018-03-31 196,358.00 51,968.00 229,558.00
2017-12-31 205,472.00 76,748.00 248,188.00
2017-09-30 200,996.00 80,124.00 263,104.00
2017-06-30 195,274.00 113,699.00 295,577.00
2017-03-31 189,413.00 122,400.00 220,877.00
2016-12-31 190,233.00 125,291.00 252,795.00
2016-09-30 187,568.00 119,084.00 165,078.00
2016-06-30 188,317.00 95,945.00 198,297.00
2016-03-31 188,148.00 149,041.00 180,935.00
2015-12-31 191,069.00 156,598.00 196,185.00
2015-09-30 187,042.00 166,338.00 207,151.00
2015-06-30 192,298.00 74,414.00 155,897.00
2015-03-31 191,599.00 112,891.00 100,800.00
2014-12-31 184,762.00 90,452.00 129,939.00
2014-09-30 178,303.00 122,233.00 106,352.00
2014-06-30 172,331.00 72,958.00 156,144.00
2014-03-31 164,927.00 96,485.00 126,804.00
2013-12-31 172,772.00 71,533.00 94,236.00
2013-09-30 168,974.00 72,317.00 84,986.00
2013-06-30 162,452.00 52,481.00 60,157.00
2013-03-31 163,263.00 54,078.00 59,815.00
2012-12-31 154,726.00 50,924.00 44,502.00
2012-09-30 149,556.00 113,077.00 43,647.00
2012-06-30 150,014.00 43,392.00 44,725.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Oita Bank has an acceptable proportion of non-loan assets held.
  • Oita Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Oita Bank are broadly funded by customer deposits.
  • Oita Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Oita Bank has a low allowance for bad loans.
  • Oita Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Oita Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oita Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Oita Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.54%
Current annual income from Oita Bank dividends.
If you bought $2,000 of Oita Bank shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Oita Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Oita Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:OITA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:OITA.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2019-03-31
OTCPK:OITA.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-11-12 80.000 2.317
2018-05-14 80.000 2.071
2018-02-13 70.000 1.748
2017-11-27 70.000 1.592
2017-11-13 70.000 1.612
2017-09-22 70.000 1.542
2017-06-28 70.000 1.642
2017-05-12 70.000 1.622
2017-02-13 70.000 1.587
2016-11-28 70.000 1.616
2016-11-09 70.000 1.769
2016-06-28 70.000 2.052
2016-05-09 70.000 2.247
2015-06-25 70.000 1.598
2015-05-11 70.000 1.372
2015-02-09 60.000 1.297
2014-11-25 60.000 1.412
2014-11-10 60.000 1.336
2014-06-27 60.000 1.562
2014-05-12 60.000 1.681
2014-02-13 60.000 1.597
2014-02-03 60.000 1.558
2013-11-25 60.000 1.547
2013-11-11 60.000 1.597
2013-08-05 60.000 1.837
2013-06-27 60.000 1.892
2013-05-13 60.000 1.893
2013-02-12 60.000 1.693
2012-11-26 60.000 1.977
2012-11-12 60.000 2.183
2012-08-06 60.000 2.336
2012-06-27 60.000 2.424
2012-05-11 60.000 2.519
2012-02-13 60.000 2.472
2011-11-28 60.000 2.656
2011-11-11 60.000 2.654
2011-08-10 60.000 2.571
2011-06-27 60.000 2.536
2011-05-11 60.000 2.634
2011-02-10 60.000 2.146
2011-02-09 60.000 1.908
2010-11-22 60.000 1.999
2010-11-10 60.000 2.103
2010-06-28 60.000 2.191
2010-05-12 60.000 2.023
2010-02-10 60.000 1.829
2010-02-09 60.000 1.920
2009-11-11 60.000 1.760
2009-06-26 60.000 1.484

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oita Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Oita Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Oita Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oita Bank has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Oita Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tomiichiro Goto
AGE 63
TENURE AS CEO 3.1 years
CEO Bio

Apr. 1978: Joined Oita Bank, Ltd. Mar. 2008: General Manager, Public Affairs and Regional Development Dept. Oct. 2009: General Manager, Sales Planning Div. Jun. 2010: Full-time Audit & Supervisory Board Member Jun. 2013: Managing Director Apr. 2014: Managing Director, General Manager, Strategic Planning Headquarters Jun. 2014: Managing Director, General Manager, Strategic Planning Headquarters, Executive Officer. Jun. 2015 Senior Managing Director and Representative Director, General Manager, Strategic Planning Headquarters, Executive Officer. Apr. 2016 President and Representative Director, Executive Officer.

CEO Compensation
  • Insufficient data for Tomiichiro to compare compensation growth.
  • Insufficient data for Tomiichiro to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Tomiichiro Goto

TITLE
President & CEO
AGE
63
TENURE
3.1 yrs

Suzuki Shigeyuki

TITLE
Assistant General Manager

Kazuyoshi Kai

TITLE
Executive Officer & Manager of Human Resources Development Department

Masaki Kodama

TITLE
Senior MD

Kunihiro Kikuguchi

TITLE
MD & Director
AGE
60

Hideyuki Tanaka

TITLE
MD & Director
AGE
59

Kenji Tanaka

TITLE
MD & Director
AGE
58
TENURE
3.9 yrs

Masayuki Takeshima

TITLE
Managing Executive Officer & Manager of Main Office Sales Department

Nobuhiko Okamatsu

TITLE
Managing Executive Officer & Manager of Nakatsu Branch

Tadashi Kimoto

TITLE
Executive Officer
AGE
59
Board of Directors Tenure

Average tenure and age of the Oita Bank board of directors in years:

3.9
Average Tenure
59
Average Age
  • The tenure for the Oita Bank board of directors is about average.
Board of Directors

Shoji Himeno

TITLE
Chairman of the Board

Tomiichiro Goto

TITLE
President & CEO
AGE
63
TENURE
5.9 yrs

Masaki Kodama

TITLE
Senior MD

Kunihiro Kikuguchi

TITLE
MD & Director
AGE
60
TENURE
3.9 yrs

Hideyuki Tanaka

TITLE
MD & Director
AGE
59
TENURE
2.9 yrs

Kenji Tanaka

TITLE
MD & Director
AGE
58
TENURE
3.9 yrs

Tadashi Kimoto

TITLE
Executive Officer
AGE
59

Izumi Kuwano

TITLE
Outside Director
AGE
54
TENURE
6.9 yrs

Yasuhide Takahashi

TITLE
Director
AGE
55
TENURE
1.9 yrs

Yoshimi Osaki

TITLE
Outside Director
AGE
64
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Oita Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Oita Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The Oita Bank, Ltd. provides various banking products and services to individual and corporate clients primarily in Oita Prefecture, Japan. It operates through Banking and Lease segments. The company engages in accepting deposits; providing loans; bills discounting; and buying and selling marketable securities and other financial instruments; leasing and credit card businesses; and handling financial instruments. It also offers international trade transactions and remittances, and foreign currency deposits. As of September 30, 2018, it operated through 94 branches and 35 money exchange offices. The Oita Bank, Ltd. was founded in 1893 and is headquartered in Oita, Japan.

Details
Name: The Oita Bank, Ltd.
OITA.F
Exchange: OTCPK
Founded: 1893
¥452,275,025
15,731,274
Website: http://www.oitabank.co.jp
Address: The Oita Bank, Ltd.
4-1, Funaimachi 3-chome,
Oita,
Oita, 870-0021,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8392 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK OITA.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,923
Oita Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:03
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.