8334
The Gunma Bank, Ltd.
株式会社 群馬銀行
Banks
The Gunma Bank, Ltd. provides various banking and financial services in Japan. It operates through Banking and Lease segments. The company offers current, ordinary, savings, fixed, separate, and foreign currency deposits; negotiable certificates of deposit; loans on bills and deeds, as well as overdrafts; discounts on bank acceptance, commercial bills, and documentary bills; domestic exchange transactions comprising transfers and debt collection; and foreign exchange transaction services, such as exports, imports, and foreign remittances. It also trades in public bonds, including national government bonds; and invests in government and municipal bonds, corporate bonds, stocks, and other securities for bank reserves and fund management. In addition, the company provides over-the-counter sales of national government bonds and investment trusts; leasing; services as a trustee of bonds and an issuing and paying agent; and trust services for testamentary substitute, land, real estate management, specific charitable, and charitable public trusts, as well as inheritance-related services, including testamentary trust and estate liquidation services. Further, it engages in the handling of defined contribution pension plans and commercial papers; agency services for pension trusts, non-life and life insurance, and others; and safe deposit box, securities dealing and lending, loan guarantees, financial instruments brokerage, underwriting of public bonds, and derivative transactions of interest rates and currencies. The Gunma Bank, Ltd. was founded in 1878 and is headquartered in Maebashi, Japan.
Price
¥2,260
Market Cap
¥864.2B
Ent. Value
¥-411,035M
Net Cash
¥1.3T
Shares Out.
382.4M
P / E
14.6×
EV / EBIT
—
P / Book
1.38×
P / NCAV
N/M
Div. Yield
1.33%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥10,855.9B | ¥10,557.2B | ¥10,818.2B | ¥10,662.3B | ¥11,148.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥64.8B | ¥64.4B | ¥64.8B | ¥65.0B | ¥66.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥7.6B | ¥8.2B | ¥8.1B | ¥9.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥6.1B | ¥1.3B | ¥13.0B | ¥1.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥10,236.6B | ¥9,994.2B | ¥10,245.1B | ¥10,146.5B | ¥10,619.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥60.0B | ¥40.0B | ¥50.0B | ¥50.0B | ¥50.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥336M | ¥342M | ¥358M | ¥362M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | — | ¥6.7B | — | ¥359M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥619.3B | ¥562.9B | ¥573.1B | ¥515.8B | ¥529.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥48.7B | ¥48.7B | ¥48.7B | ¥48.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥29.6B | ¥29.6B | ¥29.6B | ¥29.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥502.9B | ¥472.2B | ¥453.0B | ¥429.4B | ¥407.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-14.6B | ¥-17.1B | ¥-9.2B | ¥-7.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥27.2B | ¥59.0B | ¥17.4B | ¥51.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥568.1B | ¥535.8B | ¥514.1B | ¥498.4B | ¥478.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥60.0B | ¥40.0B | ¥50.0B | ¥50.0B | ¥50.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥1,275.2B | ¥1,216.1B | ¥1,780.5B | ¥1,780.0B | ¥2,597.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,401 | ¥1,310 | ¥1,226 | ¥1,164 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥-167.9B | ¥-597.1B | ¥-394.5B | ¥-656.2B | ¥459.6B |
| D&A | ¥6.5B | ¥6.3B | ¥6.2B | ¥6.6B | ¥6.9B |
| Investing CF | ¥253.8B | ¥55.0B | ¥411.0B | ¥-153.3B | ¥-127.8B |
| CapEx | ¥5.4B | ¥3.9B | ¥4.3B | ¥3.8B | ¥3.2B |
| Financing CF | ¥-6.7B | ¥-32.3B | ¥-15.9B | ¥-8.1B | ¥-9.3B |
| Dividends Paid | — | ¥-12.4B | ¥-8.0B | ¥-6.2B | ¥-5.9B |
| Share Buybacks | — | ¥-10.0B | ¥-8.0B | ¥-2.0B | ¥-3.5B |
| Free Cash Flow | ¥-173.3B | ¥-601.0B | ¥-398.9B | ¥-659.9B | ¥456.4B |
| Net Change in Cash | — | ¥-574.4B | ¥548M | ¥-817.6B | ¥322.6B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 10.0% | 7.7% | 5.7% | 5.3% | 4.9% |
| ROA | 0.5% | 0.4% | 0.3% | 0.3% | 0.2% |
| EPS | ¥154.87 | ¥113.82 | ¥78.43 | ¥68.19 | ¥63.33 |
| DPS | ¥30.00 | ¥45.00 | ¥22.00 | ¥18.00 | ¥14.00 |
| BPS | ¥1,636.25 | ¥1,472.16 | ¥1,460.16 | ¥1,268.77 | ¥1,288.78 |
| FCF/Share | — | ¥-1,572 | ¥-1,016 | ¥-1,623 | ¥1,111 |
| Payout Ratio | 19.4% | 39.5% | 28.1% | 26.4% | 22.1% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 3
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-04-28
14:30
|
Div Increase | ¥62.0/sh +38% | Gunma Bank, (8334) increased FY2026 annual dividend forecast from ¥60 to ¥62 per share (+2 yen), representing a +37.8% i… | |
|
Summary
Gunma Bank, (8334) increased FY2026 annual dividend forecast from ¥60 to ¥62 per share (+2 yen), representing a +37.8% increase versus prior year (¥45). The dividend increase reflects upward revision of net income attributable to parent company shareholders from ¥55.0B to ¥58.8B, driven by strong core banking profits from lending spreads and securities income. Full-year dividend payout ratio is expected at ~40% with total shareholder return (including buybacks) at ~50%.
YoY: +38%
Source (JP)
2026年3月期の1株当たり年間配当金は、前期に比べ17円増配の62円となる予定です。配当性向は親会社株主に帰属する当期純利益の40%を目安としております。
業績予想の修正および期末配当予想の修正(増配)に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
53,461 | 13.98% |
| 2 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
25,061 | 6.55% |
| 3 |
Sumitomo Life Insurance
住友生命保険相互会社
|
10,657 | 2.78% |
| 4 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
10,015 | 2.61% |
| 5 |
Employee Stock Ownership Plan
群馬銀行従業員持株会
|
9,872 | 2.58% |
| 6 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
8,746 | 2.28% |
| 7 |
Toyo Seikan Group Holdings, Ltd.
東洋製罐グループホールディングス株式会社
|
7,330 | 1.91% |
| 8 |
Nippon Life Insurance
日本生命保険相互会社
|
6,467 | 1.69% |
| 9 | DFA INTL SMALL CAP VALUE PORTFOLIO(常任代理人 シティバンク、エヌ・エイ東京支店) | 5,461 | 1.42% |
| 10 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
|
4,931 | 1.28% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.5%
+0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.6%
+0.9% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
13.0%
+0.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 37.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 14.10% | 13.77% | 13.98% +0.21% | |
| Japan Custody Bank 日本カストディ銀行 | 6.23% | 6.63% | 6.55% -0.08% | |
| Sumitomo Life Insurance 住友生命保険 | 2.62% | 2.71% | 2.78% +0.07% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 2.58% | 2.39% | 2.61% +0.22% | |
| Employee Stock Ownership Plan 群馬銀行従業員持株会 | 3.20% | 2.90% | 2.58% -0.32% | |
| State Street ↑ | — | 2.62% | 2.28% -0.34% | |
| Toyo Seikan Group Holdings, Ltd. 東洋製罐グループホールディングス | 1.80% | 1.86% | 1.91% +0.05% | |
| Nippon Life Insurance 日本生命保険 | 1.59% | 1.64% | 1.69% +0.05% | |
| DFA INTL SMALL CAP VALUE PORTFOLIO | 1.36% | 1.39% | 1.42% +0.03% | |
| JP Morgan NEW ENTRY | 1.32% | — | 1.28% NEW | |
| Concentration (HHI) ⓘ | 271 | 270 | 275 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥83,454M
-6% since 2023
Holdings
60
+11 new
11 exited
Trend
8 unwinding
vs 2023
| Held Company | FY2025 ¥83,454M total | FY2023 ¥89,248M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
SUBARU CORPORATION
株式会社SUBARU
|
14,376 |
5,435,346
|
11,493 | 5,435,346 | M |
|
Toyo Seikan Group Holdings, Ltd.
東洋製罐グループホールディングス株式会社
|
10,241 |
4,188,831
|
7,648 | 4,188,831 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
7,892 |
1,411,100
|
4,207 | 1,411,100 | M |
|
MAX CO., LTD.
マックス株式会社
|
7,152 |
-19.2%
↓
1,684,843
|
4,419 | 2,084,843 | M |
|
Shin-Etsu Chemical Co., Ltd.
信越化学工業株式会社
|
5,747 |
1,356,725
|
5,799 | 1,356,725 | M |
|
YAMADA HOLDINGS CO.,LTD.
株式会社ヤマダホールディングス
|
5,168 |
12,000,000
|
5,472 | 12,000,000 | M |
|
WORKMAN CO.,LTD.
株式会社ワークマン
|
3,851 |
918,000
|
5,140 | 918,000 | |
|
Mitsui Fudosan Co., Ltd.
三井不動産株式会社
|
3,558 |
+56.1%
↑
2,674,452
|
4,254 | 1,712,784 | M |
| 株式会社めぶき フィナンシャルグループ | 2,486 |
3,425,760
|
1,109 | 3,425,760 | |
|
YAMATO CORPORATION
株式会社ヤマト
|
1,808 |
-2.4%
↓
1,221,198
|
1,102 | 1,251,198 | M |
|
East Japan Railway Company
東日本旅客鉄道株式会社
|
1,771 |
+200.0%
↑
600,000
|
1,467 | 200,000 | M |
|
DOWA HOLDINGS CO.,LTD.
DOWAホールディングス 株式会社
|
1,536 |
331,840
|
1,408 | 331,840 | M |
|
YOKOWO CO.,LTD.
株式会社ヨコオ
|
1,355 |
990,400
|
2,069 | 990,400 | M |
| アクシアルリテイリング 株式会社 | 995 |
+300.0%
↑
1,032,000
|
884 | 258,000 | M |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業株式会社
|
973 |
-30.0%
↓
1,120,000
|
1,649 | 1,600,000 | M |
|
Gun Ei Chemical Industry Co., Ltd.
群栄化学工業株式会社
|
908 |
304,512
|
787 | 304,512 | M |
|
Nomura Holdings Inc.
野村ホールディングス 株式会社
|
853 |
939,331
|
478 | 939,331 | M |
|
MITSUBA Corporation
株式会社ミツバ
|
793 |
967,318
|
504 | 967,318 | |
|
Fujii Sangyo Co., Ltd.
藤井産業株式会社
|
757 |
308,000
|
443 | 308,000 | M |
|
Sata Construction Co.,Ltd.
佐田建設株式会社
|
698 |
637,120
|
312 | 637,120 | |
|
KANEKO SEEDS CO., LTD.
カネコ種苗株式会社
|
687 |
490,601
|
814 | 490,601 | M |
|
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス 株式会社
|
684 |
297,000
|
433 | 297,000 | |
|
Money Forward, Inc.
株式会社マネーフォワード
|
667 |
166,640
|
760 | 166,640 | |
|
NSK Ltd.
日本精工株式会社
|
652 |
1,023,050
|
773 | 1,023,050 | M |
|
Fujita Engineering Co., Ltd.
藤田エンジニアリング 株式会社
|
598 |
400,000
|
360 | 400,000 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業株式会社
|
564 |
-50.0%
↓
35,000
|
1,655 | 70,000 | M |
|
Electric Power Development Co., Ltd.
電源開発株式会社
|
518 |
204,720
|
436 | 204,720 | |
|
Idemitsu Kosan Co.,Ltd.
出光興産株式会社
|
480 |
+400.0%
↑
456,000
|
264 | 91,200 | |
| 株式会社大和証券グループ 本社 | 373 |
376,000
|
233 | 376,000 | M |
|
NORITZ CORPORATION
株式会社ノーリツ
|
335 |
-49.9%
↓
190,500
|
660 | 380,500 | M |
|
Rengo Co., Ltd.
レンゴー株式会社
|
323 |
407,690
|
350 | 407,690 | M |
|
The Musashino Bank, Ltd.
株式会社武蔵野銀行
|
321 |
98,700
|
219 | 98,700 | M |
|
K.I. Star Real Estate Co., Ltd.
ケイアイスター不動産 株式会社
|
289 |
-50.0%
↓
64,000
|
530 | 128,000 | |
|
TAIHEIYO CEMENT CORPORATION
太平洋セメント株式会社
|
287 |
73,736
|
183 | 73,736 | M |
|
TOBU RAILWAY CO.,LTD.
東武鉄道株式会社
|
279 |
109,716
|
347 | 109,716 | M |
|
UKAI CO.,LTD.
株式会社うかい
|
258 |
72,000
|
227 | 72,000 | |
|
Daishi Hokuetsu Financial Group,Inc.
株式会社第四北越フィナンシャルグループ
|
252 |
+100.0%
↑
79,950
|
115 | 39,975 | M |
|
THE TOWA BANK,LTD.
株式会社東和銀行
|
242 |
394,174
|
214 | 394,174 | M |
|
OGURA CLUTCH CO.,LTD.
小倉クラッチ株式会社
|
236 |
73,923
|
226 | 73,923 | M |
|
Sotetsu Holdings,Inc.
相鉄ホールディングス 株式会社
|
218 |
-50.0%
↓
100,000
|
453 | 200,000 | |
|
NIPPON STEEL CORPORATION
日本製鉄株式会社
|
217 |
-50.0%
↓
68,229
|
425 | 136,429 | |
|
KOSHIDAKA HOLDINGS Co.,LTD.
株式会社コシダカホールディングス
|
202 |
192,400
|
184 | 192,400 | M |
|
NIPPON KAYAKU CO.,LTD.
日本化薬株式会社
|
192 |
136,427
|
163 | 136,427 | M |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業株式会社
|
180 |
59,053
|
191 | 59,053 | |
|
VALQUA , LTD.
株式会社バルカー
|
166 |
53,476
|
184 | 53,476 | |
|
Achilles Co., Ltd.
アキレス株式会社
|
162 |
115,064
|
155 | 115,064 | M |
|
HOTLAND HOLDINGS Co., Ltd.
株式会社ホットランドホールディングス
|
153 |
NEW
New
70,000
|
— | M | |
|
JFE Holdings,Inc.
JFEホールディングス 株式会社
|
142 |
NEW
New
78,000
|
— | ||
|
CURVES HOLDINGS Co., Ltd.
株式会社カーブスホールディングス
|
124 |
192,400
|
146 | 192,400 | |
|
H-ONE CO.,LTD.
株式会社エイチワン
|
114 |
NEW
New
101,400
|
— | M | |
|
HOKKAN HOLDINGS LIMITED
ホッカンホールディングス株式会社
|
112 |
67,800
|
92 | 67,800 | |
|
FURUKAWA CO.,LTD.
古河機械金属株式会社
|
104 |
NEW
New
50,000
|
— | ||
|
RYOMO SYSTEMS CO.,LTD.
株式会社両毛システムズ
|
104 |
39,000
|
78 | 39,000 | M |
|
NAKAYO, INC.
株式会社ナカヨ
|
55 |
NEW
New
22,000
|
— | M | |
|
CMK CORPORATION
日本シイエムケイ株式会社
|
48 |
NEW
New
119,790
|
— | ||
|
Di-Nikko Engineering Co.,Ltd.
株式会社大日光・エンジニアリング
|
47 |
NEW
New
100,000
|
— | ||
|
MEIDENSHA CORPORATION
株式会社明電舎
|
45 |
NEW
New
10,600
|
— | ||
|
FLYING GARDEN CO., LTD
株式会社フライングガーデン
|
37 |
NEW
New
14,400
|
— | ||
|
NPR-RIKEN CORPORATION
リケンNPR株式会社
|
36 |
NEW
New
14,826
|
— | ||
|
DYNIC CORPORATION
ダイニック株式会社
|
33 |
NEW
New
44,800
|
— | M | |
|
Mitsubishi Electric Corporation
三菱電機株式会社
|
— |
−100%
Exit
—
|
5,414 | 3,430,000 | M |
|
ASAHI GROUP HOLDINGS,LTD.
アサヒグループホールディングス株式会社
|
— |
−100%
Exit
—
|
4,927 | 1,000,800 | |
|
MIMASU SEMICONDUCTOR INDUSTRY CO., LTD.
三益半導体工業株式会社
|
— |
−100%
Exit
—
|
2,063 | 701,530 | M |
|
TAIYO YUDEN CO., LTD.
太陽誘電株式会社
|
— |
−100%
Exit
—
|
1,847 | 416,000 | |
| 株式会社八十二銀行 | — |
−100%
Exit
—
|
1,828 | 3,180,500 | M |
| 株式会社セブン アイ・ ホールディングス | — |
−100%
Exit
—
|
711 | 119,000 | |
|
NTN CORPORATION
NTN株式会社
|
— |
−100%
Exit
—
|
318 | 944,000 | M |
| 綜合警備保障株式会社 | — |
−100%
Exit
—
|
206 | 58,040 | M |
|
Sekichew Co., Ltd.
株式会社セキチュー
|
— |
−100%
Exit
—
|
187 | 152,600 | M |
|
JFE Holdings,Inc.
JFEホールディングス株式会社
|
— |
−100%
Exit
—
|
130 | 78,000 | |
| 株式会社ホットランド | — |
−100%
Exit
—
|
103 | 70,000 | M |
| Portfolio total | 83,454 | 89,248 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding