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Finance

The Michinoku Bank, Ltd.

Business Summary

The Michinoku Bank, Ltd. engages in the provision of financial services. It operates through the following segments: Banking, Leasing and Others. The Banking segment covers deposits, lending, foreign exchange, and securities investment transactions. The Leasing segment deals with machinery and equipment lease transactions. The Others segment includes credit card, credit guarantee, and debt collection businesses. The company was founded on October 27, 1921 and is headquartered in Aomori, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue27,476M252.70M
Gross Profit----
Operating income-3,712M-34.14M
Income before tax-4,104M-37.74M
Net income-4,596M-42.27M
EBITDA----
Diluted EPS-273.36-2.51
Dividends Per Share200.18
Total Assets2,169.53B20,096.64M
Total liabilities2,087.92B19,340.71M
Total equity81,035M750.63M
Operating cash flow-2,173M-19.98M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 40,408M 35,865M 33,989M 30,987M 27,476M
Gross Profit -- -- -- -- --
Operating income 4,986M 2,664M 2,213M -169M -3,712M
Income before tax 7,240M 5,886M 3,727M 1,362M -4,104M
Net income 4,932M 3,827M 2,501M 670M -4,596M
EBITDA -- -- -- -- --
Diluted EPS 171 132.36 78.79 21.24 -273.36
Dividends Per Share 40 40 40 40 20
Total Assets 2,062.75B 2,141.51B 2,125.89B 2,117.29B 2,169.53B
Total liabilities 1,978.43B 2,049.58B 2,033.07B 2,028.12B 2,087.92B
Total equity 83,845M 91,411M 92,266M 88,603M 81,035M
Operating cash flow 4,361M 7,763M -1,783M 2,144M -2,173M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 336.49M 331.20M 306.67M 279.42M 252.70M
Gross Profit -- -- -- -- --
Operating income 41.52M 24.60M 19.96M -1.52M -34.14M
Income before tax 60.29M 54.35M 33.62M 12.28M -37.74M
Net income 41.07M 35.34M 22.56M 6.04M -42.27M
EBITDA -- -- -- -- --
Diluted EPS 1.42 1.22 0.71 0.19 -2.51
Dividends Per Share 0.33 0.36 0.36 0.36 0.18
Total Assets 18,352.72M 19,218.45M 19,989.55M 19,128.98M 20,096.64M
Total liabilities 17,602.51M 18,393.48M 19,116.85M 18,323.35M 19,340.71M
Total equity 745.98M 820.34M 867.56M 800.49M 750.63M
Operating cash flow 36.31M 71.68M -16.08M 19.33M -19.98M

Valuation Measures

Mar 2020
PER--
ROA-0.21%
ROE-5.41%
Operating margin-13.50%
Profit margin-16.72%

Key executives

  • President & Representative Director: Takayuki Fujisawa
  • Representative Director & Executive Vice President: Masahiro Kato
  • Executive Officer & General Manager-Sales: Hideyuki Okawa
  • Executive Officer & Manager-Audit: Kou Takahashi
  • Executive Officer & Manager-Corporate Planning: Koichi Komura

Shareholders

  • Government of Japan (6.5%)
  • Dimensional Fund Advisors LP (3.0%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • Michinoku Bank Employees Stock Ownership Plan (2.2%)
  • Michinoku Bank Board Benefit Trust (2.1%)
  • The Vanguard Group, Inc. (1.9%)
  • Asset Management One Co., Ltd. (1.8%)
  • Mizuho Financial Group, Inc. (1.7%)
  • Norges Bank Investment Management (1.3%)
  • Sompo Holdings, Inc. (1.2%)

Contact Details

Related Companies

  • Michinoku Bank Board Benefit Trust
  • Michinoku Bank Trust
  • Michinoku Preferred Capital Cayman Ltd.
  • Michinoku Card Co., Ltd.
  • Michinoku Bank Employees Stock Ownership Plan
  • Michinoku Lease Co., Ltd.
  • Michinoku Bank Kyosai Association

Competitors

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