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Finance

The Bank of Iwate Ltd.

Business Summary

The Bank of Iwate, Ltd. engages in business regional banking services. It operates through the following segments: Banking, Leasing, and Others. The Banking segment offers deposits, loans, securities investment, and foreign exchange services. The Leasing segment deals with leasing business and computer processing contract operations. The Others segment includes credit card and credit guarantee businesses. The company was founded on May 2, 1932 and is headquartered in Morioka, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue43,243M384.81M
Gross Profit----
Operating income7,666M68.21M
Income before tax7,011M62.39M
Net income4,126M36.71M
EBITDA----
Diluted EPS234.732.08
Dividends Per Share800.71
Total Assets3,920.26B32,298.74M
Total liabilities3,726.69B30,703.98M
Total equity193,564M1,594.76M
Operating cash flow6,258M55.68M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 46,395M 46,821M 44,041M 44,351M 43,243M
Gross Profit -- -- -- -- --
Operating income 7,804M 5,996M 5,540M 5,779M 7,666M
Income before tax 8,065M 6,252M 5,230M 5,539M 7,011M
Net income 5,523M 4,186M 3,784M 2,896M 4,126M
EBITDA -- -- -- -- --
Diluted EPS 276.91 225.12 211.84 164.00 234.73
Dividends Per Share 70 70 70 60 80
Total Assets 3,556.83B 3,509.42B 3,485.53B 3,840.96B 3,920.26B
Total liabilities 3,353.45B 3,308.47B 3,298.07B 3,639.33B 3,726.69B
Total equity 203,378M 200,944M 187,456M 201,631M 193,564M
Operating cash flow -13,999M 2,482M 11,914M 8,733M 6,258M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 418.60M 422.21M 405.06M 418.17M 384.81M
Gross Profit -- -- -- -- --
Operating income 70.41M 54.06M 50.95M 54.48M 68.21M
Income before tax 72.76M 56.37M 48.10M 52.22M 62.39M
Net income 49.83M 37.74M 34.80M 27.30M 36.71M
EBITDA -- -- -- -- --
Diluted EPS 2.49 2.03 1.94 1.54 2.08
Dividends Per Share 0.63 0.63 0.64 0.56 0.71
Total Assets 33,444.58M 31,706.37M 32,286.94M 34,759.83M 32,298.74M
Total liabilities 31,532.23M 29,890.91M 30,550.47M 32,935.12M 30,703.98M
Total equity 1,912.34M 1,815.45M 1,736.42M 1,824.71M 1,594.76M
Operating cash flow -126.30M 22.38M 109.57M 82.34M 55.68M

Valuation Measures

Mar 2022
PER7.83
ROA0.10%
ROE2.08%
Operating margin17.72%
Profit margin9.54%

Key executives

  • President & Representative Director: Toru Iwayama
  • Executive Officer & Manager-Head Office Sales: Shinei Kishi
  • Managing Director: Yasushi Sasaki
  • Auditor Manager: Shuichi Fujisawa

Shareholders

  • Silchester International Investors LLP (6.5%)
  • The Bank of Iwate Ltd. (6.4%)
  • Prefecture of Iwate (6.4%)
  • Meiji Yasuda Life Insurance Co. (2.6%)
  • Bank of Iwate Employee Stock Ownership Plan (2.5%)
  • Nomura Asset Management Co., Ltd. (2.3%)
  • The Vanguard Group, Inc. (2.2%)
  • Mitsubishi UFJ Financial Group, Inc. (1.9%)
  • Sumitomo Life Insurance Co. (1.6%)
  • Dimensional Fund Advisors LP (1.4%)

Contact Details

Related Companies

  • manorda Iwate Co., Ltd.
  • Iwagin consulting Co., Ltd.
  • Iwagin Business Service Co., Ltd.
  • IWAGIN DC CARD Co., Ltd.
  • Iwagin Credit Service Co., Ltd.
  • Iwagin Lease & Data Co., Ltd.
  • Bank of Iwate Employee Stock Ownership Plan

Competitors

  • Akita Bank, Ltd.
Last Updated on 6 Dec, 2022

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