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	JPY	USD
Revenue	43,243M	384.81M
Gross Profit	--	--
Operating income	7,666M	68.21M
Income before tax	7,011M	62.39M
Net income	4,126M	36.71M
EBITDA	--	--
Diluted EPS	234.73	2.08
Dividends Per Share	80	0.71
Total Assets	3,920.26B	32,298.74M
Total liabilities	3,726.69B	30,703.98M
Total equity	193,564M	1,594.76M
Operating cash flow	6,258M	55.68M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	7.83
ROA	0.10%
ROE	2.08%
Operating margin	17.72%
Profit margin	9.54%

Key executives

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

Shareholders

Prefecture of Iwate (6.4%)
The Bank of Iwate Ltd. (6.2%)
Silchester International Investors LLP (4.4%)
Bank of Iwate Employee Stock Ownership Plan (2.6%)
Meiji Yasuda Life Insurance Co. (2.6%)
The Vanguard Group, Inc. (2.3%)
Nomura Asset Management Co., Ltd. (2.3%)
Office Support KK (1.8%)
Sumitomo Life Insurance Co. (1.6%)
Dimensional Fund Advisors LP (1.2%)

Contact Details

Website:http://www.iwatebank.co.jp
Phone: +81.19.623.1111

Related Companies

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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 28 Mar, 2023