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Finance

The Aomori Bank, Ltd.

Business Summary

The Aomori Bank, Ltd. engages in the provision of commercial banking services. It operates through the following business segments: Banking, Leasing, and Others. The Banking segment deals with deposits, financial lending, securities trading, securities investment, domestic and foreign exchange, bonds, and investment trust. The Leasing segment leases machinery and equipment. The Others segment consists of installment sales, credit card, and credit guarantee businesses. The company was founded on January 20, 1879 and is headquartered in Aomori, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue29,228M268.82M
Gross Profit----
Operating income486M4.46M
Income before tax2,015M18.53M
Net income1,470M13.52M
EBITDA----
Diluted EPS72.470.66
Dividends Per Share550.50
Total Assets3,185.75B29,510.02M
Total liabilities3,076.66B28,499.46M
Total equity109,088M1,010.49M
Operating cash flow12,338M113.47M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 35,012M 33,223M 32,496M 31,230M 29,228M
Gross Profit -- -- -- -- --
Operating income 6,797M 6,150M 4,850M 4,129M 486M
Income before tax 9,064M 6,744M 5,250M 4,592M 2,015M
Net income 5,779M 4,959M 4,292M 3,218M 1,470M
EBITDA -- -- -- -- --
Diluted EPS 283.80 243.40 210.13 158.34 72.47
Dividends Per Share 60 60 60 60 55
Total Assets 2,725.01B 2,905.50B 2,910.79B 3,043.39B 3,185.75B
Total liabilities 2,605.85B 2,787.41B 2,790.03B 2,923.26B 3,076.66B
Total equity 119,156M 118,094M 120,758M 120,125M 109,088M
Operating cash flow 2,977M -852M -17,976M 3,087M 12,338M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 291.56M 306.80M 293.19M 281.61M 268.82M
Gross Profit -- -- -- -- --
Operating income 56.60M 56.79M 43.75M 37.23M 4.46M
Income before tax 75.48M 62.27M 47.36M 41.40M 18.53M
Net income 48.12M 45.79M 38.72M 29.01M 13.52M
EBITDA -- -- -- -- --
Diluted EPS 2.36 2.24 1.89 1.42 0.66
Dividends Per Share 0.49 0.55 0.54 0.54 0.50
Total Assets 24,244.93M 26,074.74M 27,369.91M 27,495.97M 29,510.02M
Total liabilities 23,184.78M 25,014.94M 26,234.43M 26,410.68M 28,499.46M
Total equity 1,060.15M 1,059.80M 1,135.47M 1,085.28M 1,010.49M
Operating cash flow 24.79M -7.86M -162.19M 27.83M 113.47M

Valuation Measures

Mar 2020
PER36.09
ROA0.04%
ROE1.28%
Operating margin1.66%
Profit margin5.02%

Key executives

  • President & Representative Director: Susumu Narita
  • Executive Officer & Manager-General Planning: Shin Kidachi
  • Executive Officer & Manager-Hachinohe Branch: Yuto Takahashi
  • Director & Senior Managing Executive Officer: Akihiro Kawamura
  • Director & Senior Managing Executive Officer: Tomohiko Sasaki

Shareholders

  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.8%)
  • Dimensional Fund Advisors LP (3.4%)
  • The Vanguard Group, Inc. (2.3%)
  • Nippon Life Insurance Co. (2.3%)
  • Meiji Yasuda Life Insurance Co. (2.3%)
  • Nomura Asset Management Co., Ltd. (2.1%)
  • Aomori Bank Employee Stock Ownership Plan (1.8%)
  • Sompo Holdings, Inc. (1.4%)
  • Tohoku Electric Power Co., Inc. (1.0%)
  • Norges Bank Investment Management (1.0%)

Contact Details

Related Companies

  • Aomori Bank Board Incentive Plan
  • Aomori Bank Employee Incentive Plan
  • Aogin Business Service KK
  • Aogin Lease Co. Ltd.
  • Aomori Bank Employee Stock Ownership Plan

Competitors

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