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Shizuoka Bank

OTCPK:SZKB.F
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SZKB.F
OTCPK
¥521B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

The Shizuoka Bank, Ltd., a regional bank, provides various banking products and services. The last earnings update was 15 days ago. More info.


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SZKB.F Share Price and Events
7 Day Returns
0%
OTCPK:SZKB.F
-0.5%
US Banks
-1.4%
US Market
1 Year Returns
-
OTCPK:SZKB.F
-9.6%
US Banks
1.6%
US Market
SZKB.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shizuoka Bank (SZKB.F) 0% 0% - - - -
US Banks -0.5% -4% -2.7% -9.6% 36.5% 44.7%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • No trading data on SZKB.F.
  • No trading data on SZKB.F.
Price Volatility
SZKB.F
Industry
5yr Volatility vs Market
Related Companies

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

SZKB.F Value

 Is Shizuoka 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 Shizuoka 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 Shizuoka Bank.

OTCPK:SZKB.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= ¥1,877.83 * 5.1%
¥96.08
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. ¥1,877.83
Discount Rate (Cost of Equity) See below 9.3%
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:SZKB.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 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.62 (1 + (1- 30.86%) (124.6%))
1.103
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.103 * 5.96%)
9.31%

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

The calculations below outline how an intrinsic value for Shizuoka 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:SZKB.F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.1% – 9.31%) * ¥1,877.83)
¥-78.66
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-78.66 / (9.31% - 2.73%)
¥-1,196.25
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥1,877.83 + ¥-1,196.25
¥681.58
OTCPK:SZKB.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:SZKB.F represents 0.00851x of TSE:8355
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00851x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 681.58 x 0.00851
$5.80
Value per share (USD) From above. $5.80
Current discount Discount to share price of $7.60
= -1 x ($7.60 - $5.80) / $5.80
-31%

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

  • The current share price of Shizuoka 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 Shizuoka Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shizuoka Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SZKB.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥79.31
TSE:8355 Share Price ** TSE (2019-04-09) in JPY ¥893
United States of America Banks Industry PE Ratio Median Figure of 597 Publicly-Listed Banks Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

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

** Primary Listing of Shizuoka Bank.

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

= TSE:8355 Share Price ÷ EPS (both in JPY)

= 893 ÷ 79.31

11.26x

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

  • Shizuoka Bank is good value based on earnings compared to the US Banks industry average.
  • Shizuoka Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Shizuoka Bank's expected growth come at a high price?
Raw Data
OTCPK:SZKB.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
4.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.34x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

OTCPK:SZKB.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.26x ÷ 4.6%

2.47x

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

  • Shizuoka Bank is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Shizuoka Bank's assets?
Raw Data
OTCPK:SZKB.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,739.08
TSE:8355 Share Price * TSE (2019-04-09) in JPY ¥893
United States of America Banks Industry PB Ratio Median Figure of 602 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:SZKB.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8355 Share Price ÷ Book Value per Share (both in JPY)

= 893 ÷ 1,739.08

0.51x

* Primary Listing of Shizuoka Bank.

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

  • Shizuoka Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Shizuoka 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. Shizuoka 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.

SZKB.F Future Performance

 How is Shizuoka Bank expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shizuoka Bank expected to grow at an attractive rate?
  • Shizuoka Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Shizuoka Bank's earnings growth is positive but not above the United States of America market average.
  • Shizuoka Bank's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SZKB.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SZKB.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 4.6%
OTCPK:SZKB.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -8.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
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:SZKB.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SZKB.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 57,200
2022-03-31 155,650 52,972 1
2021-03-31 157,793 51,900 4
2020-03-31 154,058 50,455 4
OTCPK:SZKB.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 202,824 -199,090 46,874
2018-12-31 203,527 47,630
2018-09-30 214,621 55,255 55,202
2018-06-30 210,119 53,455
2018-03-31 207,537 -158,612 50,130
2017-12-31 218,866 48,214
2017-09-30 229,131 -650,820 39,743
2017-06-30 224,415 35,458
2017-03-31 230,751 -538,683 29,276
2016-12-31 217,252 28,431
2016-09-30 201,698 91,176 43,892
2016-06-30 195,820 31,557

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Shizuoka Bank's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • Shizuoka Bank's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:SZKB.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Shizuoka Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SZKB.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 104.30 104.30 104.30 1.00
2022-03-31 91.53 99.80 83.25 2.00
2021-03-31 90.91 95.80 79.80 10.00
2020-03-31 85.57 89.06 80.31 5.00
OTCPK:SZKB.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 79.31
2018-12-31 80.26
2018-09-30 92.94
2018-06-30 89.64
2018-03-31 83.71
2017-12-31 80.18
2017-09-30 65.69
2017-06-30 58.36
2017-03-31 47.99
2016-12-31 46.41
2016-09-30 71.51
2016-06-30 51.34

*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.
  • Shizuoka Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Shizuoka 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.
Shizuoka Bank has a total score of 1/6, 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.

SZKB.F Past Performance

  How has Shizuoka 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 Shizuoka 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.
  • Shizuoka Bank's year on year earnings growth rate has been positive over the past 5 years.
  • Shizuoka Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shizuoka Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Shizuoka 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 Shizuoka Bank Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SZKB.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 202,824.00 46,874.00 90,235.00
2018-12-31 203,527.00 47,630.00 91,059.00
2018-09-30 214,621.00 55,202.00 91,932.00
2018-06-30 210,119.00 53,455.00 92,650.00
2018-03-31 207,537.00 50,130.00 92,871.00
2017-12-31 218,866.00 48,214.00 92,107.00
2017-09-30 229,131.00 39,743.00 91,044.00
2017-06-30 224,415.00 35,458.00 90,369.00
2017-03-31 230,751.00 29,276.00 89,147.00
2016-12-31 217,252.00 28,431.00 89,303.00
2016-09-30 201,698.00 43,892.00 89,372.00
2016-06-30 195,820.00 31,557.00 89,034.00
2016-03-31 210,273.00 47,909.00 88,691.00
2015-12-31 204,528.00 53,107.00 89,284.00
2015-09-30 207,045.00 44,170.00 89,714.00
2015-06-30 209,323.00 47,176.00 90,279.00
2015-03-31 201,681.00 49,943.00 90,928.00
2014-12-31 205,857.00 44,828.00 89,379.00
2014-09-30 199,934.00 41,657.00 89,182.00
2014-06-30 202,607.00 47,596.00 89,203.00
2014-03-31 212,225.00 46,723.00 88,746.00
2013-12-31 213,715.00 47,491.00 88,434.00
2013-09-30 218,348.00 51,192.00 88,129.00
2013-06-30 213,241.00 52,738.00 87,092.00
2013-03-31 194,388.00 56,970.00 86,996.00
2012-12-31 194,190.00 56,067.00 87,751.00
2012-09-30 189,630.00 49,987.00 88,170.00
2012-06-30 195,100.00 50,232.00 88,734.00

*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.
  • Shizuoka Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shizuoka Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Shizuoka 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 Shizuoka 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.
Shizuoka Bank has a total score of 1/6, 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.

SZKB.F Health

 How is Shizuoka 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 Shizuoka 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 Shizuoka Bank Company Filings, last reported 1 month ago.

OTCPK:SZKB.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,016,813.00 649,673.00 1,257,811.00
2018-12-31 981,515.00 596,613.00 938,068.00
2018-09-30 1,052,401.00 710,781.00 961,297.00
2018-06-30 1,018,478.00 593,521.00 974,989.00
2018-03-31 992,807.00 610,750.00 1,070,911.00
2017-12-31 1,004,713.00 639,325.00 1,033,483.00
2017-09-30 976,892.00 619,887.00 1,116,482.00
2017-06-30 956,727.00 553,020.00 945,205.00
2017-03-31 934,717.00 492,257.00 1,150,941.00
2016-12-31 931,797.00 1,124,887.00 764,238.00
2016-09-30
2016-06-30 887,434.00 770,022.00 901,925.00
2016-03-31 922,358.00 794,041.00 612,126.00
2015-12-31 940,752.00 781,903.00 747,103.00
2015-09-30 901,315.00 597,461.00 1,035,451.00
2015-06-30 946,651.00 764,844.00 1,059,627.00
2015-03-31 929,283.00 790,243.00 684,100.00
2014-12-31 882,731.00 685,021.00 656,177.00
2014-09-30 847,243.00 750,078.00 608,320.00
2014-06-30 844,830.00 763,816.00 586,550.00
2014-03-31 816,702.00 910,896.00 704,667.00
2013-12-31 832,099.00 965,268.00 606,618.00
2013-09-30 810,193.00 666,055.00 983,002.00
2013-06-30 784,876.00 731,318.00 501,261.00
2013-03-31 810,743.00 807,692.00 455,154.00
2012-12-31 771,199.00 553,873.00 411,494.00
2012-09-30 742,853.00 635,460.00 402,715.00
2012-06-30 744,204.00 523,737.00 357,286.00
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.
  • Shizuoka Bank has an acceptable proportion of non-loan assets held.
  • Shizuoka Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Shizuoka Bank are broadly funded by customer deposits.
  • Shizuoka Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Shizuoka Bank has a low allowance for bad loans.
  • Shizuoka Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Shizuoka 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. Shizuoka Bank has a total score of 5/6, 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.

SZKB.F Dividends

 What is Shizuoka 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
2.46%
Current annual income from Shizuoka Bank dividends. Estimated to be 2.54% next year.
If you bought $2,000 of Shizuoka Bank shares you are expected to receive $49 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?
  • Shizuoka Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Shizuoka Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
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:SZKB.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 9 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 477 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 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 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:SZKB.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 24.00 1.00
2022-03-31 23.00 2.00
2021-03-31 23.00 10.00
2020-03-31 22.00 7.00
OTCPK:SZKB.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-10 22.000 2.564
2019-02-07 22.000 2.554
2018-11-13 22.000 2.380
2018-11-06 22.000 2.082
2018-06-18 22.000 2.220
2018-05-09 22.000 2.010
2018-02-07 20.000 1.896
2018-02-02 20.000 1.714
2018-01-09 20.000 1.665
2017-11-17 20.000 1.777
2017-11-07 20.000 1.893
2017-06-19 20.000 1.996
2017-05-09 20.000 2.110
2017-02-06 20.000 2.112
2017-02-03 20.000 2.036
2016-11-22 20.000 2.025
2016-11-07 20.000 2.251
2016-06-20 20.000 2.547
2016-05-09 20.000 2.557
2016-02-04 20.000 2.408
2016-01-28 20.000 2.079
2015-11-24 20.000 1.761
2015-11-09 20.000 1.606
2015-06-22 20.000 1.553
2015-05-11 20.000 1.508
2015-02-06 16.000 1.292
2015-01-29 16.000 1.472
2014-11-21 16.000 1.470
2014-11-10 16.000 1.372
2014-06-23 16.000 1.465
2014-05-09 16.000 1.617
2014-02-07 15.000 1.529
2014-01-29 15.000 1.507
2013-11-22 15.000 1.358
2013-11-11 15.000 1.307
2013-07-29 15.000 1.362
2013-06-24 14.000 1.282
2013-05-13 15.000 1.407
2013-02-08 14.000 1.349
2013-01-30 14.000 1.590
2012-11-21 14.000 1.665
2012-11-12 14.000 1.742
2012-06-25 14.000 1.721
2012-02-10 14.000 1.725
2012-02-03 14.000 1.798
2011-11-22 14.000 1.763
2011-11-11 14.000 1.735
2011-08-03 13.000 1.690
2011-06-27 13.000 1.744
2011-05-13 13.000 1.792
2011-02-10 13.000 1.786
2011-02-04 13.000 1.657
2010-11-24 13.000 1.746
2010-11-12 13.000 1.802
2010-06-25 13.000 1.790
2010-05-14 13.000 1.694
2009-08-05 13.000 1.538

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 Shizuoka Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x 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 Shizuoka 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 Shizuoka Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shizuoka 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.

SZKB.F Management

 What is the CEO of Shizuoka 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
Katsunori Nakanishi
AGE 65
TENURE AS CEO 13.9 years
CEO Bio

Mr. Katsunori Nakanishi has been the Chief Executive Officer of The Shizuoka Bank, Ltd. since June 2005 and its Chairman of the Board since June 2017 also served as its President since June 2005 until June 2017. Mr. Nakanishi served as an Executive Officer and General Manager of Corporate Planning at Shizuoka Bank Ltd. since June 2001 and also served as its Managing Executive Officer since June 2003, Head of Planning & Administration and Deputy General Manager of Overall Management since April 2005. He serves as the Chairman of Regional Banks Association of Japan. He served as a Director of Deposit Insurance Corporation of Japan. He serves as an External Director at Shizuoka Gas Co., Ltd since March 2017. He has been a Representative Director at The Shizuoka Bank, Ltd since June 2005 and also served as its Director since June 2001. He joined Shizuoka Bank, Ltd in April 1976. His personal history, positions, responsibilities and significant concurrent positions includes: December 1998 as Deputy General Manager of Personnel Dept., April 1999 as Senior General Manager of Personnel Dept., June 1999 as Senior General Manager of Corporate Administration Dept., June 2003 as Senior Executive Officer, April 2005 as Deputy General Manager of Corporate Center in charge of planning and administration. He serves as Director, Shizuoka Railway Co., LTD since June 2017.

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

Average tenure and age of the Shizuoka Bank management team in years:

1.9
Average Tenure
61
Average Age
  • The average tenure for the Shizuoka Bank management team is less than 2 years, this suggests a new team.
Management Team

Katsunori Nakanishi

TITLE
Chairman of the Board & CEO
AGE
65
TENURE
13.9 yrs

Hisashi Shibata

TITLE
President & Director
AGE
55
TENURE
1.9 yrs

Tomoya Minegishi

TITLE
Business Reader

Hidehito Iio

TITLE
Senior Executive Officer
AGE
61

Yoshihiro Nagasawa

TITLE
Senior Executive Officer
AGE
62

Hirotoshi Sugimoto

TITLE
Senior Managing Executive Officer
AGE
61
TENURE
1.9 yrs

Minoru Yagi

TITLE
Senior Managing Executive Officer
AGE
55
TENURE
1.9 yrs

Mitsuru Kobayashi

TITLE
Senior Executive Officer & Director
AGE
60

Mitsuhide Sugita

TITLE
Managing Officer

Hiroshi Ohashi

TITLE
Managing Officer
Board of Directors Tenure

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

2.9
Average Tenure
61
Average Age
  • The average tenure for the Shizuoka Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Katsunori Nakanishi

TITLE
Chairman of the Board & CEO
AGE
65
TENURE
1.9 yrs

Hisashi Shibata

TITLE
President & Director
AGE
55
TENURE
4.9 yrs

Hidehito Iio

TITLE
Senior Executive Officer
AGE
61
TENURE
1.9 yrs

Yoshihiro Nagasawa

TITLE
Senior Executive Officer
AGE
62
TENURE
5.9 yrs

Hirotoshi Sugimoto

TITLE
Senior Managing Executive Officer
AGE
61
TENURE
3.9 yrs

Minoru Yagi

TITLE
Senior Managing Executive Officer
AGE
55
TENURE
4.9 yrs

Mitsuru Kobayashi

TITLE
Senior Executive Officer & Director
AGE
60
TENURE
1.9 yrs

Toshihiko Yamamoto

TITLE
Director
AGE
63
TENURE
0.9 yrs

Kumi Fujisawa

TITLE
Outside Director
AGE
51
TENURE
8.9 yrs

Motoshige Itoh

TITLE
Director
AGE
67
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 Shizuoka 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. Shizuoka 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.

SZKB.F News

Simply Wall St News

SZKB.F Company Info

Description

The Shizuoka Bank, Ltd., a regional bank, provides various banking products and services. The company’s deposit products include current deposits, savings deposits, deposits at notice, time deposits, negotiable certificates of deposit, and other deposit products. Its loan portfolio comprises small and medium-sized enterprise loans; retail loans; housing loans comprising loans for condominiums; unsecured loans that include loans for car purchases, educational expenses, fulfilling lives, and various purposes, as well as capital loans and loans taken out using bank cards. In addition, the company offers corporate and financial management advisory services, bill collection and leasing services, credit cards and guarantees of consumer loans, public-offering assistance and support for corporate rehabilitation services, and fee-based job placement and general administration services, as well as guarantees of housing loans, etc. Further, it provides appraisals of real estate for loan collaterals, part-time employee management services, finance and securities-related services, and prepaid cards. Additionally, the company offers operation centers for loans, remittance, and bill collection; develops and operates computer systems; and purchases of monetary receivables. As of July 17, 2018, it operated a head office, 176 branches, and 26 sub-branches in Shizuoka Prefecture, Tokyo, Osaka, and Nagoya; 2 branches in New York and Los Angeles; 1 branch in Hong Kong; and 2 representative offices in Singapore and Shanghai. The company was founded in 1943 and is headquartered in Shizuoka, Japan.

Details
Name: The Shizuoka Bank, Ltd.
SZKB.F
Exchange: OTCPK
Founded: 1943
¥4,771,027,309
583,903,219
Website: http://www.shizuokabank.co.jp
Address: The Shizuoka Bank, Ltd.
2-1, Kusanagi-Kita,
Shimizu-ku,
Shizuoka,
Shizuoka, 424-8677,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8355 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK SZKB.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
OTCPK SHZU.Y ADR Pink Sheets LLC US USD 29. May 1992
Number of employees
Current staff
Staff numbers
4,086
Shizuoka Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 23:57
End of day share price update: 2019/04/09 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.