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Major regional bank in Hokkaido, providing retail and SME banking across Japan's northernmost prefecture.
Major regional bank in Hokkaido, providing retail and SME banking across Japan's northernmost prefecture.
Earns interest on loans to Hokkaido households and businesses, including farms and fishing firms, and on securities, plus fees from insurance and investment products. The island's population is shrinking, so loan growth is limited and profit leans on lending margins and fees.
In one line: Hokkaido's leading regional community bank.
Moat: narrow (regulatory licence, distribution). Dense Hokkaido branch network and long-standing ties to the region's agricultural/tourism economy.
Headquarters: Sapporo, Japan · Employees: 2,828
Size North Pacific Bank (8524.T) is a Japan Financials company (Regional Banks) with a market value of $2.50B, the 414th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,071 on 6 Nov 2026.
Performance Over six months the shares gained 8.0%, against +5.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 24.7% over the last twelve months (peer median +2.0%); the operating margin is -19.7% (peer median 37.3%).
Valuation It trades at 1.02× book value against a peer median of 1.20× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 8.1%; North Pacific Bank delivers 7.1%, 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 | ¥188B | ¥232B | ¥147B | ¥129B | ¥124B |
| Revenue growth | — | +58% | +14% | +4% | — |
| Net income | ¥28.0B | ¥25.6B | ¥20.6B | ¥12.8B | ¥9.65B |
| Free cash flow | n/a | ¥39.6B | ¥33.7B | ¥104B | -¥15.3B |
| Capital expenditure | n/a | ¥10.8B | ¥7.81B | ¥4.33B | ¥4.57B |
| Total debt | ¥1.33T | ¥1.47T | ¥1.70T | ¥1.53T | ¥964B |
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 |
|---|---|---|---|---|---|---|
| North Pacific Bank 8524.T | $2.50B | +8% | +25% | 7% | 1.02× | 8.1% |
| Hokuhoku Financial 8377.T | $5.25B | +53% | +27% | 10% | 1.10× | 7.7% |
| Hirogin 7337.T | $3.89B | +9% | +26% | 8% | 0.99× | 7.4% |
| Akita Bank 8343.T | $731M | +107% | +29% | 5% | 0.61× | 5.3% |
| Bank of Iwate 8345.T | $857M | -6% | +24% | 5% | 0.64× | 5.7% |
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 | 8524.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.4% | +0.4% | 2nd lowest of 21 |
| 6-month return | +8.0% | +5.6% | 8th highest of 21 |
| Return on equity | 7.1% | 9.8% | 3rd lowest of 21 |
| Price / book | 1.02× | 1.20× | 7th cheapest of 21 |
| Trailing P/E | 14.4× | 11.6× | 5th most expensive of 21 |
| ROE the price implies | 8.1% | 8.8% | 9th least demanding of 20 |
| ROE delivered | 7.1% | 9.9% | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| North Pacific Bank 8524.T | Japan | $2.50B | +8% | +25% | 7% | 1.02× | 8.1% | 7.1% |
| Qingdao Rural Commercial Bank 002958.SZ | China | $2.47B | -2% | -9% | 8% | 0.41× | 2.5% | 7.9% |
| Stock Yards Bancorp SYBT | United States | $2.46B | +10% | +10% | 32% | 2.17× | n/a | 32.4% |
| Dah Sing Banking 2356.HK | Hong Kong | $2.45B | +5% | -8% | 8% | 0.53× | 5.5% | 7.5% |
| Banner BANR | United States | $2.55B | +7% | +2% | 10% | 1.20× | 10.1% | 10.0% |
| Beacon Financial BBT | United States | $2.57B | +6% | +74% | 9% | 1.02× | 7.9% | 9.1% |
| Trustmark TRMK | United States | $2.58B | 0% | -4% | 11% | 1.25× | 9.6% | 11.2% |
| Merchants Bancorp MBIN | United States | $2.38B | +12% | 0% | 14% | 1.23× | 12.6% | 13.6% |
| Dongguan Rural Commercial Bank 9889.HK | Hong Kong | $2.63B | -14% | 0% | 7% | 0.29× | 3.7% | 6.6% |
| Banco di Desio e della Brianza BDB.MI | Italy | $2.37B | +80% | +2% | 9% | 1.41× | 12.0% | 9.0% |
| Xiamen Bank 601187.SS | China | $2.67B | -13% | 0% | 10% | 0.63× | 3.2% | 10.0% |
| First Bancorp FBNC | United States | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% | 9.9% |
| First Busey BUSE | United States | $2.33B | +8% | +17% | 10% | 1.03× | 8.8% | 9.8% |
| City Union Bank CUB.NS | India | $2.31B | +8% | +22% | 14% | 1.94× | 29.8% | 14.1% |
| Weihai Bank 9677.HK | Hong Kong | $2.70B | +5% | +6% | 9% | 0.64× | 4.5% | 9.2% |
| Juroku Financial Group,Inc 7380.T | Japan | $2.30B | 0% | +16% | 6% | 0.70× | 6.3% | 6.1% |
| Suruga Bank 8358.T | Japan | $2.73B | +10% | +13% | 14% | 1.32× | 8.2% | 13.7% |
| Bank of Hawaii BOH | United States | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% | 13.6% |
| Union Bank of Taiwan 2838.TW | Taiwan | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% | 8.5% |
| Enterprise Financial Services EFSC | United States | $2.21B | +4% | +2% | 10% | 1.20× | 10.2% | 9.6% |
| Customers Bancorp CUBI | United States | $2.82B | +10% | +8% | 14% | 1.29× | 14.7% | 13.6% |