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Holding company for The Third Bank ('San Ju San Bank'), formed from a merger of Mie prefecture's Daisan and Mie Banks.
Holding company for The Third Bank ('San Ju San Bank'), formed from a merger of Mie prefecture's Daisan and Mie Banks.
Earns mostly from the gap between interest on loans to local households and firms and the cost of deposits, with fees and securities income as secondary lines. The merger of two Mie banks lets it save on overlapping branches and back offices, while its market stays within one prefecture and parts of neighbouring Aichi.
In one line: A merged regional bank covering Mie prefecture.
Moat: narrow (regulatory licence, distribution). Combined deposit and branch scale from a merger of two Mie prefecture banks.
Headquarters: Matsusaka, Mie, Japan · Employees: 2,325
Size San ju San Financial (7322.T) is a Japan Financials company (Regional Banks) with a market value of $1.08B, the 702nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,624 on 6 Nov 2026.
Performance Over six months the shares gained 1.2%, against +9.8% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 23.1% over the last twelve months (peer median +11.3%); the operating margin is 18.8% (peer median 36.0%).
Valuation It trades at 0.72× book value against a peer median of 1.18× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 6.9%; San ju San Financial delivers 5.4%, so the price asks more than the business earns today.
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥73.9B | ¥75.0B | ¥59.0B | ¥51.9B | ¥50.1B |
| Revenue growth | — | +27% | +14% | +4% | — |
| Net income | ¥12.0B | ¥12.3B | ¥8.65B | ¥6.91B | ¥6.33B |
| Free cash flow | n/a | ¥16.8B | ¥39.8B | -¥8.18B | ¥13.9B |
| Capital expenditure | n/a | ¥5.48B | ¥3.90B | ¥3.99B | ¥2.37B |
| Total debt | ¥284B | ¥283B | ¥304B | ¥291B | ¥208B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| San ju San Financial 7322.T | $1.08B | +1% | +23% | 5% | 0.72× | 6.9% |
| Bank of Nagoya 8522.T | $1.67B | -8% | +25% | 7% | 0.83× | 6.1% |
| Juroku Financial Group,Inc 7380.T | $2.30B | 0% | +16% | 6% | 0.70× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 7322.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.3% | +3.6% | 3rd lowest of 21 |
| 6-month return | +1.2% | +9.8% | lowest of 20 |
| Return on equity | 5.4% | 11.6% | 4th lowest of 21 |
| Price / book | 0.72× | 1.18× | 4th cheapest of 21 |
| Trailing P/E | 14.1× | 11.5× | 5th most expensive of 21 |
| ROE the price implies | 6.9% | 9.1% | 6th least demanding of 21 |
| ROE delivered | 5.4% | 11.8% | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| San ju San Financial 7322.T | Japan | $1.08B | +1% | +23% | 5% | 0.72× | 6.9% | 5.4% |
| Northeast Bank NBN | United States | $1.08B | +1% | +9% | 20% | 1.72× | 11.8% | 20.0% |
| Five Star Bancorp FSBC | United States | $1.08B | +6% | +18% | 15% | 1.75× | 10.4% | 14.8% |
| Horizon Bancorp HBNC | United States | $1.07B | +13% | +424% | 16% | 1.52× | 12.0% | 15.7% |
| CNB Financial CCNE | United States | $1.06B | +15% | +26% | 13% | 1.24× | 9.0% | 13.2% |
| Bank of Jiujiang 6190.HK | Hong Kong | $1.06B | +55% | -2% | 1% | 0.20× | 3.5% | 1.5% |
| Univest Financial UVSP | United States | $1.10B | +4% | +2% | 10% | 1.16× | 9.1% | 10.0% |
| Mercantile Bank MBWM | United States | $1.05B | +16% | +5% | 14% | 1.41× | 11.5% | 13.6% |
| Forbright FRBT | United States | $1.04B | n/a | +11% | 11% | 1.01× | 6.4% | n/a |
| Business First Bancshares BFST | United States | $1.04B | +16% | +7% | 10% | 1.02× | 8.6% | 10.1% |
| MetroCity Bankshares MCBS | United States | $1.04B | +10% | +25% | 17% | 1.78× | 12.2% | 16.9% |
| First Bank of Toyama 7184.T | Japan | $1.12B | +10% | +14% | 10% | 0.90× | 7.9% | 10.2% |
| Eagle Bancorp EGBN | United States | $1.03B | +28% | -11% | 5% | 0.89× | 9.0% | 4.7% |
| TOMONY 8600.T | Japan | $1.13B | +6% | +12% | 6% | 0.60× | 4.5% | 5.9% |
| Southside Bancshares SBSI | United States | $1.01B | +2% | +9% | 12% | 1.54× | 10.1% | 11.8% |
| Heritage Financial HFWA | United States | $1.15B | +3% | +22% | 8% | 1.06× | 7.8% | 7.8% |
| Equity Bancshares EQBK | United States | $1.00B | +7% | +53% | 12% | 1.23× | 10.4% | 12.1% |
| Miyazaki Bank 8393.T | Japan | $1.16B | +8% | +8% | 7% | 0.77× | 6.2% | 7.0% |
| Metropolitan Bank MCB | United States | $1.17B | +5% | +12% | 13% | 1.20× | 11.3% | 13.1% |
| Oita Bank 8392.T | Japan | $1.18B | +13% | +25% | 5% | 0.69× | 6.2% | 4.7% |
| Central Pacific Financial CPF | United States | $974M | +10% | +4% | 15% | 1.68× | 13.2% | 14.9% |