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Leading regional bank in the San-in region, covering Shimane and Tottori prefectures.
Leading regional bank in the San-in region, covering Shimane and Tottori prefectures.
Income is mainly the spread between interest on loans and the low rates paid on local deposits, plus fees and securities holdings. With the population of its home prefectures shrinking, it has built lending in larger cities outside the two home prefectures.
In one line: A rural regional bank covering one of Japan's least-populous coastal regions.
Moat: narrow (regulatory licence, distribution). Dominant branch presence across two of Japan's most sparsely populated prefectures.
Headquarters: Matsue, Shimane, Japan · Employees: 1,906
Size San-in Godo Bank (8381.T) is a Japan Financials company (Regional Banks) with a market value of $1.95B, the 493rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,972 on 6 Nov 2026.
Performance Over six months the shares gained 5.3%, against +4.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 27.0% over the last twelve months (peer median +0.8%); the operating margin is 26.5% (peer median 38.8%).
Valuation It trades at 0.91× book value against a peer median of 1.17× (8th cheapest of 21).
Price implies The share price implies a return on equity of about 5.9%; San-in Godo Bank delivers 8.1%, so the price asks less than the business earns today.
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥172B | ¥156B | ¥128B | ¥112B | ¥106B |
| Revenue growth | — | +22% | +15% | +5% | — |
| Net income | ¥25.8B | ¥22.7B | ¥18.8B | ¥16.8B | ¥15.4B |
| Free cash flow | n/a | ¥45.5B | ¥58.6B | -¥9.11B | -¥8.86B |
| Capital expenditure | n/a | ¥9.31B | ¥3.64B | ¥2.37B | ¥3.40B |
| Total debt | ¥1.57T | ¥1.69T | ¥1.45T | ¥701B | ¥792B |
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-in Godo Bank 8381.T | $1.95B | +5% | +27% | 8% | 0.91× | 5.9% |
| Chugin Financial Group,Inc 5832.T | $3.76B | +10% | +34% | 8% | 0.86× | 6.5% |
| Yamaguchi Financial 8418.T | $3.54B | +6% | +19% | 6% | 0.84× | 5.8% |
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 | 8381.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.5% | +3.2% | lowest of 21 |
| 6-month return | +5.3% | +4.2% | 9th highest of 21 |
| Return on equity | 8.1% | 10.1% | 7th lowest of 21 |
| Price / book | 0.91× | 1.17× | 8th cheapest of 21 |
| Trailing P/E | 11.5× | 11.3× | 10th most expensive of 21 |
| ROE the price implies | 5.9% | 10.2% | 7th least demanding of 21 |
| ROE delivered | 8.1% | 10.1% | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| San-in Godo Bank 8381.T | Japan | $1.95B | +5% | +27% | 8% | 0.91× | 5.9% | 8.1% |
| Wuxi Rural Commercial Bank 600908.SS | China | $1.94B | +3% | -5% | 10% | 0.54× | 2.8% | 10.1% |
| Bancorp TBBK | United States | $1.97B | -15% | -7% | 33% | 2.96× | 26.3% | 33.0% |
| Bank of Zhengzhou 002936.SZ | China | $2.01B | -3% | +1% | 3% | 0.34× | 2.6% | n/a |
| German American Bancorp GABC | United States | $1.88B | +15% | +12% | 13% | 1.63× | 11.0% | 12.8% |
| First Commonwealth Financial FCF | United States | $2.03B | +13% | +4% | 11% | 1.37× | 10.4% | 11.4% |
| Dime Commercial Bancshares DCOM | United States | $1.85B | +13% | +14% | 9% | 1.39× | 12.4% | 9.4% |
| Hilltop HTH | United States | $2.07B | -4% | -2% | 7% | 0.98× | 9.1% | 6.6% |
| Kiyo Bank 8370.T | Japan | $1.83B | +39% | +20% | 9% | 1.13× | 8.6% | 9.4% |
| Bank of Lanzhou 001227.SZ | China | $1.82B | -4% | 0% | 6% | 0.38× | 2.5% | 5.5% |
| 1st Source SRCE | United States | $2.09B | +18% | +4% | 14% | 1.59× | 10.5% | 13.9% |
| Paragon Banking PAG.L | United Kingdom | $1.81B | +5% | -7% | 12% | 0.95× | 14.0% | 12.0% |
| Dah Sing Financial 0440.HK | Hong Kong | $1.81B | +4% | -8% | 6% | 0.36× | 4.7% | 5.6% |
| S&T Bancorp STBA | United States | $1.79B | +14% | +2% | 10% | 1.27× | 10.8% | 10.0% |
| Jiangsu Jiangyin Rural Commercial Bank 002807.SZ | China | $1.77B | +5% | -3% | 10% | 0.57× | 2.9% | 10.5% |
| Western Union WU | United States | $2.15B | -24% | -2% | 44% | 2.35× | 14.3% | 44.0% |
| Bank of Guizhou 6199.HK | Hong Kong | $1.77B | -4% | -2% | 8% | 0.24× | 3.6% | 8.0% |
| Bank of N.T. Butterfield & Son Limited (The) NTB | United States | $2.15B | -3% | 0% | 21% | 1.94× | 12.0% | 21.1% |
| Ogaki Kyoritsu Bank 8361.T | Japan | $1.75B | +45% | +39% | 6% | 0.66× | 6.1% | 5.6% |
| Enterprise Financial Services EFSC | United States | $2.21B | +4% | +2% | 10% | 1.20× | 10.2% | 9.6% |
| Byline Bancorp BY | United States | $1.70B | +15% | +2% | 12% | 1.34× | 10.3% | 12.3% |