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Leading regional bank in Yamagata prefecture, Tohoku, providing retail and SME banking services.
Leading regional bank in Yamagata prefecture, Tohoku, providing retail and SME banking services.
Earns mainly the margin between loan interest and deposit costs, with fees from investment trusts and insurance sold to customers as a smaller layer. With lending concentrated in one prefecture, results track the local economy and local companies' borrowing.
In one line: Yamagata's community bank.
Moat: narrow (regulatory licence, distribution). Long-standing deposit and branch leadership in Yamagata prefecture.
Headquarters: Yamagata, Japan · Employees: 1,178
Size Yamagata Bank (8344.T) is a Japan Financials company (Regional Banks) with a market value of $736M, the 874th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,775 on 6 Nov 2026.
Performance Over six months the shares gained 48.8%, against +10.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 24.9% over the last twelve months (peer median +7.0%); the operating margin is 4.1% (peer median 36.5%).
Valuation It trades at 0.75× book value against a peer median of 1.25× (5th cheapest of 21).
Price implies The share price implies a return on equity of about 5.3%; Yamagata Bank delivers 5.1%, 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 | ¥59.2B | ¥61.5B | ¥51.2B | ¥54.0B | ¥49.0B |
| Revenue growth | — | +20% | -5% | +10% | — |
| Net income | ¥7.58B | ¥6.53B | ¥4.41B | ¥2.08B | ¥3.44B |
| Free cash flow | n/a | -¥1.07B | ¥7.40B | -¥5.47B | -¥5.51B |
| Capital expenditure | n/a | ¥8.34B | ¥3.62B | ¥2.14B | ¥2.13B |
| Total debt | ¥135B | ¥161B | ¥119B | ¥135B | ¥154B |
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 |
|---|---|---|---|---|---|---|
| Yamagata Bank 8344.T | $736M | +49% | +25% | 5% | 0.75× | 5.3% |
| Bank of Iwate 8345.T | $857M | -6% | +24% | 5% | 0.64× | 5.7% |
| Akita Bank 8343.T | $731M | +107% | +29% | 5% | 0.61× | 5.3% |
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 | 8344.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.8% | +1.1% | lowest of 21 |
| 6-month return | +48.8% | +10.2% | 3rd highest of 21 |
| Return on equity | 5.1% | 11.5% | 3rd lowest of 20 |
| Price / book | 0.75× | 1.25× | 5th cheapest of 21 |
| Trailing P/E | 15.6× | 11.7× | 4th most expensive of 19 |
| ROE the price implies | 5.3% | 10.0% | 4th least demanding of 20 |
| ROE delivered | 5.1% | 11.5% | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Yamagata Bank 8344.T | Japan | $736M | +49% | +25% | 5% | 0.75× | 5.3% | 5.1% |
| Washington Trust Bancorp WASH | United States | $737M | +19% | +30% | 12% | 1.39× | 10.6% | 12.0% |
| Ehime Bank 8541.T | Japan | $733M | +66% | +8% | 5% | 0.80× | 5.2% | 5.1% |
| Jinshang Bank 2558.HK | Hong Kong | $741M | -31% | -5% | 6% | 0.18× | 3.5% | 6.1% |
| Akita Bank 8343.T | Japan | $731M | +107% | +29% | 5% | 0.61× | 5.3% | 5.0% |
| HomeTrust Bancshares HTB | United States | $743M | +2% | -3% | 11% | 1.30× | 10.6% | 11.3% |
| Shore Bancshares SHBI | United States | $746M | +14% | +3% | 11% | 1.21× | 10.2% | 11.5% |
| Peoples Financial Services PFIS | United States | $723M | +22% | +4% | 12% | 1.37× | 10.7% | 11.7% |
| VersaBank VBNK.TO | Canada | $752M | +27% | +14% | 6% | 1.86× | 13.6% | 6.2% |
| SpareBank 1 Ringerike Hadeland RING.OL | Norway | $752M | +2% | -4% | 13% | 1.40× | 6.9% | 13.0% |
| Community West Bancshares CWBC | United States | $705M | +8% | +23% | 7% | 1.17× | 10.1% | 6.7% |
| Financial Institutions FISI | United States | $776M | +12% | +42% | 30% | 1.29× | n/a | 30.0% |
| AGI AGBK | United States | $777M | -31% | n/a | n/a | 0.84× | 11.3% | n/a |
| California BanCorp BCAL | United States | $696M | +13% | -4% | 10% | 1.20× | 7.5% | 10.2% |
| DCB Bank DCBBANK.NS | India | $688M | +8% | +10% | 13% | 0.94× | 16.4% | 13.0% |
| Bar Harbor Bankshares BHB | United States | $688M | +17% | +16% | 11% | 1.28× | 9.3% | 10.7% |
| Luzhou Bank 1983.HK | Hong Kong | $790M | -5% | +6% | 14% | 0.45× | 4.0% | 14.0% |
| Close Brothers CBG.L | United Kingdom | $791M | -10% | -12% | -6% | 0.40× | 8.8% | -5.9% |
| Red River Bancshares RRBI | United States | $682M | +14% | +7% | 13% | 1.78× | 10.0% | 13.0% |
| South Plains Financial SPFI | United States | $800M | +4% | +10% | 13% | 1.28× | 8.4% | 12.6% |
| Independent Bank IBCP | United States | $802M | +5% | +3% | 14% | 1.39× | 10.6% | 13.5% |