Who are Toho Bank's main competitors?

Named competitors: Tohoku Bank (private or unlisted), 77 Bank (8341.T). The cockpit's measured peer set (industry) also includes Senshu Ikeda Holdings,Inc (8714.T), Old Second Bancorp (OSBC), Avarda Bank (AVARDA.ST), Norion Bank (NORION.ST), Yamanashi Chuo Bank (8360.T), Amerant Bancorp (AMTB).

Is Toho Bank expensive compared with its peers?

On price / book it trades at 0.92× against a peer median of 1.19×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 7.2%; Toho Bank delivers 6.6%, so the price asks more than the business earns today.

How has Toho Bank stock performed?

Over six months to 6 Nov 2026 the shares returned +24.0% against +10.8% for the median peer; over one year +83.8%.

← CockpitCompetitor Analysis › 8346.T Toho Bank, Ltd.Open in the cockpit ↗

Toho Bank, Ltd.8346.TCompetitor analysis, valuation and peers

Japan · JPY·Financials›Major Banks

Regional bank based in Fukushima prefecture, serving retail and small-business customers in the Tohoku region.

≈ A rural Japanese community bankMomentum neutral 46

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$1.32B

US dollars, full cap

Free float

72%

of shares outstanding

$/day

$5.76M

20-day average traded

P/B

0.92×

price to book

ROE

6.6%

delivered

Implied ROE

7.2%

what the price asks

Close · JPY¥827

1D-10.1%

1W-16.1%

1M-28.3%

3M-5.5%

6M+24.0%

YTD+52.9%

1Y+83.8%

ATR %6.1%

52w lowhigh29.0% off high

What Toho Bank does

Regional bank based in Fukushima prefecture, serving retail and small-business customers in the Tohoku region.

Earns mainly from interest on loans to local households and companies, less what it pays depositors, plus fees from selling investment trusts and insurance over the counter. Business is concentrated in Fukushima prefecture, so the local economy and Japan's long spell of very low interest rates shape its earnings.

In one line: A rural Japanese community bank.

Products and services

Retail deposits/loans
SME lending

Customers

Individuals and SMEs in Fukushima prefecture

Where it sits in the supply chain

Financials
Regional banking
Retail and SME deposits and lending

What could go right

Rising domestic interest rates aiding margins
Post-disaster reconstruction lending

What could go wrong

Shrinking local population/loan demand

Moat: narrow (distribution, regulatory licence). Long-standing local branch network and deposit base in its home prefecture.

Headquarters: Fukushima, Japan · Founded: 1941 · Employees: 2,037

Named competitors

Tohoku Bank private or unlisted
77 Bank 8341.T

Toho Bank at a glance

Size Toho Bank (8346.T) is a Japan Financials company (Major Banks) with a market value of $1.32B, the 617th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥827 on 6 Nov 2026.

Performance Over six months the shares gained 24.0%, against +10.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 20 in its peer set.

Growth Revenue grew 30.4% over the last twelve months (peer median +16.6%); the operating margin is 22.0% (peer median 26.9%).

Valuation It trades at 0.92× book value against a peer median of 1.19× (8th cheapest of 21).

Price implies The share price implies a return on equity of about 7.2%; Toho Bank delivers 6.6%, so the price asks more than the business earns today.

Relative performance

Six months, rebased to 100: Toho Bank against the median of its 20 peers (local-currency closes).

Toho Bank financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥96.5B	¥91.2B	¥69.0B	¥57.7B	¥56.9B
Revenue growth	—	+32%	+20%	+1%	—
Net income	¥14.1B	¥12.4B	¥7.45B	¥5.25B	¥4.49B
Free cash flow	n/a	¥69.2B	¥24.5B	¥5.14B	¥3.89B
Capital expenditure	n/a	¥3.74B	¥4.66B	¥4.96B	¥8.16B
Total debt	¥243B	¥244B	¥222B	¥199B	¥183B

Quarterly statements and history in the cockpit →

Toho Bank 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

Up and to the right = strong over both horizons. Toho Bank is the large dot.

Fundamentals: return on equity against price-to-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. Toho Bank is the large dot.

Capital: ROE delivered against the ROE the price implies

Above the diagonal = the price asks for a higher return on equity than the business earns today. Toho Bank is the large dot.

Toho Bank competitors and peer comparison

Head to head with its named competitors (8346.T vs 8341.T)
Company	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE
Toho Bank 8346.T	$1.32B	+24%	+30%	7%	0.92×	7.2%
77 Bank 8341.T	$4.66B	+7%	+21%	9%	0.95×	5.9%

How Toho Bank 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.

Toho Bank against its 20 peers (data as of 6 Nov 2026)
Measure	8346.T	Peer median	Rank in peer set
1-month return	-28.3%	+2.1%	3rd lowest of 21
6-month return	+24.0%	+10.8%	6th highest of 20
Return on equity	6.6%	11.7%	6th lowest of 21
Price / book	0.92×	1.19×	8th cheapest of 21
Trailing P/E	14.6×	11.5×	7th most expensive of 20
ROE the price implies	7.2%	9.8%	8th least demanding of 21
ROE delivered	6.6%	12.6%	6th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE	Delivered ROE
Toho Bank 8346.T	Japan	$1.32B	+24%	+30%	7%	0.92×	7.2%	6.6%
Senshu Ikeda Holdings,Inc 8714.T	Japan	$1.41B	-14%	+29%	8%	0.88×	6.0%	8.0%
Old Second Bancorp OSBC	United States	$1.24B	+15%	+22%	13%	1.37×	10.9%	12.8%
Avarda Bank AVARDA.ST	Sweden	$1.47B	+42%	+22%	26%	4.29×	23.7%	26.0%
Norion Bank NORION.ST	Sweden	$1.18B	+33%	-2%	13%	1.23×	6.8%	12.6%
Yamanashi Chuo Bank 8360.T	Japan	$1.16B	+57%	+30%	5%	0.72×	5.7%	5.0%
Amerant Bancorp AMTB	United States	$1.15B	+26%	-8%	8%	1.38×	11.0%	7.5%
Punjab & Sind Bank PSB.NS	India	$1.52B	-22%	+3%	11%	0.99×	14.8%	10.7%
Esquire Financial ESQ	United States	$1.57B	+21%	+33%	11%	2.00×	10.2%	10.5%
Pathward Financial CASH	United States	$1.58B	-12%	-1%	21%	1.93×	12.8%	20.9%
South Indian Bank SOUTHBANK.NS	India	$1.60B	+38%	+5%	14%	1.25×	18.3%	13.9%
QCR QCRH	United States	$1.64B	+11%	+3%	13%	1.43×	10.9%	12.7%
CHINA BOHAI BANK 9668.HK	Hong Kong	$1.67B	-23%	-5%	6%	0.10×	3.4%	5.5%
Hope Bancorp HOPE	United States	$1.68B	+6%	+7%	6%	0.75×	7.6%	5.9%
Inter & INTR	United States	$1.70B	-40%	+51%	16%	0.84×	8.8%	15.5%
iM Financial 139130.KS	South Korea	$1.76B	-20%	+24%	8%	0.46×	4.2%	n/a
FirstSun Capital Bancorp FSUN	United States	$1.77B	+5%	+45%	4%	0.98×	6.3%	4.2%
Renta 4 Banco R4.MC	Spain	$984M	+13%	+12%	29%	4.15×	13.9%	29.0%
Hyakujushi Bank 8386.T	Japan	$1.78B	+4%	+22%	6%	0.72×	6.7%	5.6%
Camden National CAC	United States	$980M	+18%	+6%	13%	1.36×	9.5%	12.9%
Happen HAPN	United States	$1.84B	n/a	+26%	14%	1.16×	14.5%	13.8%

Questions

Who are Toho Bank's main competitors?: Named competitors: Tohoku Bank (private or unlisted), 77 Bank (8341.T). The cockpit's measured peer set (industry) also includes Senshu Ikeda Holdings,Inc (8714.T), Old Second Bancorp (OSBC), Avarda Bank (AVARDA.ST), Norion Bank (NORION.ST), Yamanashi Chuo Bank (8360.T), Amerant Bancorp (AMTB).
Is Toho Bank expensive compared with its peers?: On price / book it trades at 0.92× against a peer median of 1.19×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 7.2%; Toho Bank delivers 6.6%, so the price asks more than the business earns today.
How has Toho Bank stock performed?: Over six months to 6 Nov 2026 the shares returned +24.0% against +10.8% for the median peer; over one year +83.8%.