8395
THE BANK OF SAGA LTD.
株式会社佐賀銀行
Banks
The Bank of Saga Ltd. provides various banking products and services in Japan. The company offers web account, fixed term deposits, foreign currency deposits, and investment trusts; home, auto, educational, card, easy, agriculture, syndicated loans, and other loans for corporate and sole proprietor customers; and medical, nursing care, personal pension, single payment, and internet insurance. It also provides venture business collaboration and support system, private placement bonds, project finance, and cloud factoring services; corporate internet banking service, web invoice creation service, corporate FX IB Services, EB services, direct payment service for national and local treasury funds, net service, utility bill statement service, cashless merchant service, overseas business consulting, and web account transfer and transfer transmission services. In addition, the company offers consulting services, recruitment, market development, business succession support, crowdfunding, and carbon neutral services. The company was founded in 1882 and is headquartered in Saga, Japan.
Price
¥5,210
Market Cap
¥88.0B
Ent. Value
—
Net Cash
est
—
Shares Out.
16.9M
P / E
11.7×
EV / EBIT
—
P / Book
0.76×
P / NCAV
N/M
Div. Yield
1.73%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥3,177.8B | ¥3,160.8B | ¥3,009.2B | ¥3,164.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥25.4B | ¥24.0B | ¥23.3B | ¥23.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥2.3B | ¥1.4B | ¥945M | ¥1.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥9.5B | ¥4.3B | ¥8.1B | ¥3.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥3,061.4B | ¥3,038.2B | ¥2,900.5B | ¥3,048.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥272M | ¥276M | ¥1.2B | ¥1.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥20M | ¥120M | ¥154M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥116.4B | ¥122.6B | ¥108.8B | ¥115.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥16.1B | ¥16.1B | ¥16.1B | ¥16.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥13.3B | ¥13.3B | ¥13.3B | ¥13.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥91.5B | ¥85.8B | ¥80.8B | ¥76.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-121M | ¥-881M | ¥-929M | ¥-978M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥-4.5B | ¥7.9B | ¥-782M | ¥10.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥120.7B | ¥114.4B | ¥109.3B | ¥105.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥7,148 | ¥6,804 | ¥6,509 | ¥6,257 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥-23.7B | ¥113.1B | ¥-188.8B | ¥-2.0B |
| D&A | ¥1.2B | ¥1.0B | ¥842M | ¥990M |
| Investing CF | ¥95.4B | ¥21.9B | ¥-43.7B | ¥-67.4B |
| CapEx | ¥2.6B | ¥1.6B | ¥1.1B | ¥1.0B |
| Financing CF | ¥-1.4B | ¥-1.2B | ¥-1.2B | ¥-1.2B |
| Dividends Paid | ¥-1.4B | ¥-1.2B | ¥-1.2B | ¥-1.2B |
| Share Buybacks | ¥-2M | ¥-1M | ¥-10M | ¥-9M |
| Free Cash Flow | ¥-26.3B | ¥111.5B | ¥-189.9B | ¥-3.0B |
| Net Change in Cash | ¥70.2B | ¥133.8B | ¥-233.7B | ¥-70.6B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.3% | 5.4% | 4.9% | 3.4% |
| ROA | 0.2% | 0.2% | 0.2% | 0.1% |
| EPS | ¥444.35 | ¥370.09 | ¥327.05 | ¥242.97 |
| DPS | ¥90.00 | ¥80.00 | ¥70.00 | ¥70.00 |
| BPS | ¥6,879.45 | ¥7,275.60 | ¥6,462.14 | ¥6,887.64 |
| FCF/Share | ¥-1,557 | ¥6,632 | ¥-11,313 | ¥-179 |
| Payout Ratio | 20.3% | 21.6% | 21.4% | 28.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 3
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
1,496 | 8.85% |
| 2 |
Stock Ownership Plan
佐賀銀行行員持株会
|
690 | 4.08% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
570 | 3.37% |
| 4 | 株式会社十八親和銀行 | 522 | 3.09% |
| 5 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
487 | 2.88% |
| 6 | 株式会社肥後銀行 | 347 | 2.06% |
| 7 | 野田 政信 | 329 | 1.94% |
| 8 |
THE BANK OF FUKUOKA, LTD.
株式会社福岡銀行
|
307 | 1.82% |
| 9 |
Nippon Life Insurance
日本生命保険相互会社
|
304 | 1.80% |
| 10 |
Sumitomo Life Insurance
住友生命保険相互会社
|
281 | 1.66% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
12.2%
+1.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
19.3%
-1.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 31.5% · 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 | 8.45% | 8.32% | 8.85% +0.53% | |
| Stock Ownership Plan 佐賀銀行行員持株会 | 4.27% | 4.25% | 4.08% -0.17% | |
| Japan Custody Bank 日本カストディ銀行 | 3.20% | 2.95% | 3.37% +0.42% | |
| 式会社十八親和銀行 | 3.11% | 3.10% | 3.09% -0.01% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 4.41% | 3.79% | 2.88% -0.91% | |
| 式会社肥後銀行 | 2.07% | 2.07% | 2.06% -0.01% | |
| 野田 政信 | 1.78% | 2.02% | 1.94% -0.08% | |
| THE BANK OF FUKUOKA, LTD. 式会社福岡銀行 | 1.83% | 1.82% | 1.82% | |
| Nippon Life Insurance 日本生命保険 | 1.81% | 1.81% | 1.80% -0.01% | |
| Sumitomo Life Insurance 住友生命保険 | 1.67% | 1.67% | 1.66% -0.01% | |
| Concentration (HHI) ⓘ | 146 | 138 | 141 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥25,849M
+18% since 2023
Holdings
35
+3 new
17 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥25,849M total | FY2023 ¥21,959M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬㈱
|
9,534 |
2,356,000
|
8,905 | 2,356,000 | M |
|
Fukuoka Financial Group, Inc.
㈱ふくおかフィナンシャルグループ
|
4,461 |
1,134,844
|
2,892 | 1,134,844 | |
|
Kyushu Financial Group,Inc.
㈱九州フィナンシャルグループ
|
2,819 |
3,831,240
|
1,827 | 3,831,240 | |
|
Kyushu Electric Power Company, Incorporated
九州電力㈱
|
2,571 |
1,969,500
|
1,490 | 1,969,500 | M |
|
Kyushu Railway Company
九州旅客鉄道㈱
|
1,148 |
314,600
|
927 | 314,600 | |
|
Togami Electric Mfg. Co.,Ltd.
㈱戸上電機製作所
|
740 |
220,000
|
390 | 220,000 | M |
|
Namura Shipbuilding Co.,Ltd.
㈱名村造船所
|
714 |
312,800
|
108 | 312,800 | M |
|
Torigoe Flour Milling Co.
鳥越製粉㈱
|
519 |
630,000
|
378 | 630,000 | M |
|
RICOH COMPANY,LTD.
㈱リコー
|
394 |
250,000
|
247 | 250,000 | |
|
Daiwa Securities Group Inc.
㈱大和証券グループ本社
|
357 |
360,000
|
223 | 360,000 | M |
|
The Miyazaki Bank,Ltd.
㈱宮崎銀行
|
334 |
+901.0%
↑
101,100
|
236 | 10,100 | M |
|
The Hyakugo Bank, Ltd.
㈱百五銀行
|
302 |
412,000
|
152 | 412,000 | M |
|
Torishima Pump Mfg.Co.,Ltd.
㈱酉島製作所
|
224 |
110,000
|
172 | 110,000 | M |
|
YAMAU HOLDINGS CO., LTD.
ヤマウホールディングス㈱
|
222 |
130,000
|
134 | 130,000 | M |
|
Nomura Holdings Inc.
野村ホールディングス㈱
|
199 |
220,000
|
112 | 220,000 | M |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
167 |
22,000
|
74 | 22,000 | |
|
IKK Holdings Inc.
アイ・ケイ・ケイホールディングス㈱
|
124 |
-50.7%
↓
150,000
|
217 | 304,000 | |
|
Nippon Tungsten Co.,Ltd.
日本タングステン㈱
|
121 |
+100.0%
↑
100,000
|
130 | 50,000 | |
|
Katakura Industries Co.,Ltd.
片倉工業㈱
|
110 |
NEW
New
50,000
|
— | ||
|
NIHON NOHYAKU CO., LTD.
日本農薬㈱
|
107 |
145,000
|
97 | 145,000 | M |
|
TOHO Co.,Ltd.
㈱トーホー
|
101 |
29,200
|
64 | 29,200 | M |
|
Kyokuto Co., Ltd.
㈱きょくとう
|
70 |
140,000
|
63 | 140,000 | M |
|
繝、繝槭す繧ソ繝倥Ν繧ケ繧ア繧「繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
ヤマシタヘルスケアホールディングス㈱
|
65 |
22,000
|
42 | 22,000 | |
|
ONOKEN CO.,LTD.
小野建㈱
|
64 |
42,900
|
63 | 42,900 | |
|
NANYO CORPORATION
㈱南陽
|
55 |
+100.0%
↑
48,400
|
54 | 24,200 | M |
|
Maruto Sangyo Co., Ltd
丸東産業㈱
|
54 |
30,000
|
55 | 30,000 | |
|
Chuetsu Pulp & Paper Co., Ltd.
中越パルプ工業㈱
|
52 |
37,000
|
37 | 37,000 | M |
|
TAKADA CORPORATION
㈱高田工業所
|
48 |
33,000
|
43 | 33,000 | |
|
BIPROGY Inc.
BIPROGY㈱
|
45 |
10,000
|
32 | 10,000 | M |
|
DAIICHI KOUTSU SANGYO Co.,Ltd.
第一交通産業㈱
|
39 |
51,000
|
40 | 51,000 | M |
|
NSK Ltd.
日本精工㈱
|
31 |
50,000
|
37 | 50,000 | |
|
Showa Manufacturing Co.,Ltd.
昭和鉄工㈱
|
29 |
7,500
|
14 | 7,500 | M |
|
NIPPN CORPORATION
㈱ニップン
|
17 |
NEW
New
8,190
|
— | ||
| ㈱梅の花 | 6 |
7,000
|
6 | 7,000 | |
| 第一生命ホールディングス㈱(注)4 | 6 |
NEW
New
6,000
|
— | ||
|
譬ェ蠑丈シ夂、セ隘ソ譌・譛ャ繝輔ぅ繝翫Φ繧キ繝」繝ォ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ
㈱西日本フィナンシャルホールディングス
|
— |
−100%
Exit
—
|
699 | 643,341 | |
|
Daishi Hokuetsu Financial Group,Inc.
㈱第四北越フィナンシャルグループ
|
— |
−100%
Exit
—
|
354 | 122,500 | |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— |
−100%
Exit
—
|
281 | 150,080 | |
|
The Chikuho Bank , Ltd.
㈱筑邦銀行
|
— |
−100%
Exit
—
|
240 | 175,220 | M |
|
The Bank of Iwate,Ltd.
㈱岩手銀行
|
— |
−100%
Exit
—
|
177 | 83,800 | M |
|
YAMADA HOLDINGS CO.,LTD.
㈱ヤマダホールディングス
|
— |
−100%
Exit
—
|
168 | 369,040 | |
|
The Toho Bank, Ltd.
㈱東邦銀行
|
— |
−100%
Exit
—
|
138 | 637,000 | M |
|
Okinawa Financial Group,Inc.
㈱おきなわフィナンシャルグループ
|
— |
−100%
Exit
—
|
129 | 62,160 | |
|
RKB MAINICHI HOLDINGS CORPORATION
㈱RKB毎日ホールディングス
|
— |
−100%
Exit
—
|
95 | 16,400 | |
|
Katakura Industries Co.,Ltd.
㈱片倉工業
|
— |
−100%
Exit
—
|
92 | 50,000 | |
|
THE OITA BANK, LTD.
㈱大分銀行
|
— |
−100%
Exit
—
|
78 | 38,600 | M |
|
AEON KYUSHU CO., LTD.
イオン九州㈱
|
— |
−100%
Exit
—
|
78 | 33,600 | |
|
The Shikoku Bank, Ltd.
㈱四国銀行
|
— |
−100%
Exit
—
|
77 | 89,000 | M |
|
T&D Holdings, Inc.
㈱T&Dホールディングス
|
— |
−100%
Exit
—
|
67 | 41,400 | |
|
NIPPN CORPORATION
㈱ニップン (注)4
|
— |
−100%
Exit
—
|
13 | 8,190 | M |
|
RETAIL PARTNERS CO., LTD.
㈱リテールパートナーズ
|
— |
−100%
Exit
—
|
9 | 7,000 | |
| 第一生命ホールディングス㈱ | — |
−100%
Exit
—
|
3 | 1,500 | |
| Portfolio total | 25,849 | 21,959 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding