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← CockpitCompetitor Analysis › 7337.T Hirogin Holdings, Inc.Open in the cockpit ↗

Hirogin Holdings, Inc.7337.TCompetitor analysis, valuation and peers

Japan · JPY·Financials›Regional Banks

Holding company for The Hiroshima Bank, providing retail and SME banking across Hiroshima prefecture.

≈ A regional community bank holding companyMomentum neutral 40
Mkt cap
$3.89B
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$12.1M
20-day average traded
P/B
0.99×
price to book
ROE
8.2%
delivered
Implied ROE
7.4%
what the price asks
Next earnings
4 days
10 Nov 2026
Close · JPY¥2,016
1D-6.0%
1W-8.9%
1M-17.2%
3M-9.0%
6M+9.0%
YTD+27.4%
1Y+45.0%
ATR %3.7%
52w lowhigh18.9% off high

What Hirogin does

Holding company for The Hiroshima Bank, providing retail and SME banking across Hiroshima prefecture.

Earns most from the gap between interest on loans and what it pays depositors, plus fees from wealth management, leasing and securities units. Hiroshima prefecture is its home market and the base of its deposits; its loan book also reaches into neighbouring regions and other big Japanese cities. Hiroshima Bank is its main operating subsidiary.

In one line: A regional community bank holding company.

Products and services

  • Retail deposits & loans
  • SME lending
  • Wealth management
  • Leasing/securities subsidiaries

Customers

  • Retail depositors
  • Small and mid-size businesses in Hiroshima

Where it sits in the supply chain

  • Financials
  • Regional banking
  • Retail & SME banking

What could go right

  • Rising Japanese interest rates lift net interest margin

What could go wrong

  • Shrinking regional population/loan demand
  • Low-rate legacy loan book

Moat: narrow (regulatory licence, distribution). Dense branch network and deposit franchise built over decades in its home prefecture.

Headquarters: Hiroshima, Japan · Employees: 3,708

Named competitors

Hirogin at a glance

Size Hirogin (7337.T) is a Japan Financials company (Regional Banks) with a market value of $3.89B, the 294th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,016 on 6 Nov 2026.

Performance Over six months the shares gained 9.0%, against +6.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 25.9% over the last twelve months (peer median +3.1%); the operating margin is 28.7% (peer median 43.7%).

Valuation It trades at 0.99× book value against a peer median of 1.22× (8th cheapest of 21).

Price implies The share price implies a return on equity of about 7.4%; Hirogin delivers 8.2%, so the price asks less than the business earns today.

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 20267337.T 109Peer median 108
Six months, rebased to 100: Hirogin against the median of its 20 peers (local-currency closes).

Hirogin financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥250B¥228B¥189B¥171B¥154B
Revenue growth—+21%+10%+11%—
Net income¥46.2B¥43.7B¥35.8B¥27.7B¥12.5B
Free cash flown/a¥87.3B-¥18.5B¥39.8B¥1.11B
Capital expendituren/a¥10.0B¥10.4B¥17.5B¥9.33B
Total debt¥1.46T¥1.78T¥2.00T¥2.70T¥1.60T

Quarterly statements and history in the cockpit →

Hirogin competitor charts

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.

Performance: 6-month against 1-month return

-5%0%+5%+10%-20%-10%0%+10%BANFFBPINDBKARURVYSYAEQBCVBF5832ZUGERWSBCBHWIBOCXXICATYRNST8418601128BEN7189FFBC7337.T6-month return →1-month return →
Up and to the right = strong over both horizons. Hirogin is the large dot.

Fundamentals: return on equity against price-to-book

0%5%10%15%20%10×1.50×20×BANFFBPINDBKARURVYSYAEQBCVBF5832ZUGERWSBCBHWIBOCXXICATY8418FIBK601128BEN7189FFBC7337.TReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Hirogin is the large dot.

Capital: ROE delivered against the ROE the price implies

0%10%20%30%0%10%20%30%BANFFBPINDBKARURVYSYAEQBCVBF5832WSBCBHWIBOC8418601128BEN7337.TROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Hirogin is the large dot.

Hirogin competitors and peer comparison

Head to head with its named competitors (7337.T vs 8418.T vs 5832.T vs 5830.T)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Hirogin 7337.T$3.89B+9%+26%8%0.99×7.4%
Yamaguchi Financial 8418.T$3.54B+6%+19%6%0.84×5.8%
Chugin Financial Group,Inc 5832.T$3.76B+10%+34%8%0.86×6.5%
Iyogin Holdings,Inc 5830.T$5.61B-3%+13%8%0.91×8.2%
Hyakujushi Bank 8386.T$1.78B+4%+22%6%0.72×6.7%
Fukuoka Financial 8354.T$7.75B0%+22%9%1.08×7.0%

How Hirogin compares with its peers

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.

Hirogin against its 20 peers (data as of 6 Nov 2026)
Measure7337.TPeer medianRank in peer set
1-month return-17.2%+3.7%3rd lowest of 21
6-month return+9.0%+6.3%6th highest of 21
Return on equity8.2%9.1%6th lowest of 21
Price / book0.99×1.22×8th cheapest of 21
Trailing P/E13.1×11.8×6th most expensive of 19
ROE the price implies7.4%9.8%5th least demanding of 20
ROE delivered8.2%9.3%5th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Hirogin 7337.TJapan$3.89B+9%+26%8%0.99×7.4%8.2%
BancFirst BANFUnited States$3.87B+2%-3%14%1.94×12.7%13.6%
First Bancorp FBPUnited States$3.92B+8%+3%19%2.09×15.7%19.4%
Independent Bank INDBUnited States$3.94B+8%+25%9%1.14×9.5%9.3%
Karur Vysya Bank KARURVYSYA.NSIndia$3.80B+18%+14%21%2.32×30.7%21.0%
EQB EQB.TOCanada$3.79B+3%-4%0%1.44×12.8%-0.1%
CVB Financial CVBFUnited States$3.99B+12%+23%9%1.27×9.8%8.6%
Chugin Financial Group,Inc 5832.TJapan$3.76B+10%+34%8%0.86×6.5%8.3%
Zuger Kantonalbank ZUGER.SWSwitzerland$4.04B+8%-10%8%2.03×n/a8.3%
WesBanco WSBCUnited States$3.70B+13%+17%9%0.96×8.2%8.8%
Bank Handlowy w Warszawie BHW.WAPoland$4.09B+7%-22%17%1.72×17.1%16.7%
International Bancshares IBOCUnited States$4.20B-8%+2%13%1.25×9.8%12.9%
Twenty One Capital XXIUnited States$3.57B-36%n/a-12%1.38×7.6%n/a
Cathay General Bancorp CATYUnited States$4.24B+12%+3%12%1.39×11.8%12.2%
Renasant RNSTUnited States$3.55B-2%+20%9%0.93×9.5%8.7%
Yamaguchi Financial 8418.TJapan$3.54B+6%+19%6%0.84×5.8%5.7%
First Interstate BancSystem FIBKUnited States$3.50B+4%-4%10%1.12×9.0%9.5%
Jiangsu Changshu Rural Commercial Bank 601128.SSChina$3.48B-4%-1%14%0.67×2.5%13.8%
Bendigo & Adelaide Bank BEN.AXAustralia$4.36B+5%-6%6%0.93×11.0%5.6%
Nishi-Nippon Financial 7189.TJapan$3.47B+3%+28%8%0.88×6.9%7.8%
First Financial Bancorp FFBCUnited States$3.43B+6%+13%11%1.19×10.9%10.7%

Questions

Who are Hirogin's main competitors?
Named competitors: Yamaguchi Financial Group (8418.T), Chugin Financial Group (5832.T), Momiji Bank (private or unlisted), Mizuho Bank (private or unlisted), Iyogin Holdings (5830.T), Hyakujushi Bank (8386.T). The cockpit's measured peer set (industry) also includes BancFirst (BANF), First Bancorp (FBP), Independent Bank (INDB), Karur Vysya Bank (KARURVYSYA.NS), EQB (EQB.TO), CVB Financial (CVBF).
Is Hirogin expensive compared with its peers?
On price / book it trades at 0.99× against a peer median of 1.22×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 7.4%; Hirogin delivers 8.2%, so the price asks less than the business earns today.
How has Hirogin stock performed?
Over six months to 6 Nov 2026 the shares returned +9.0% against +6.3% for the median peer; over one year +45.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.