THE TOCHIGI BANK, LTD.

8550 株式会社栃木銀行

Banks · Prime · TSE: Disclosed

PRICE: ¥971 · MKT CAP: ¥102.0B · P/E: — · P/B: 0.66x · DIV YIELD: 0.7%

PRICE — 5Y

Characteristics & Business Summary

The Tochigi Bank, Ltd. provides various banking products and services for individual and corporate customers in Japan. It offers various savings accounts, ordinary and fixed term deposits; housing and renovation, mortgage, car, student, and living support...

Income Statement Highlights (¥ Billion, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	40	42	45	45	45
Operating Profit	5	6	5	4	-24
Ordinary Profit	5	6	5	4	-24
Net Profit	2	4	3	2	-22
EPS	¥20	¥35	¥25	¥20	¥-212
DPS	¥5	¥6	¥6	¥6	¥7

Balance Sheet & Valuation Highlights

Total Assets ¥3,334B

Net Assets (Equity) ¥153B

Equity Ratio 4.5%

ROE (Return on Equity) -14.7%

Cash & Equivalents ¥700B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥6B

Depreciation & Amort. ¥1B

Major Shareholders

1. Japan Master Trust Bank 12.0%
2. Japan Custody Bank 4.8%
3. Stock Ownership Plan 4.2%
4. State Street Bank and Trust Company 4.2%
5. 高橋慧 2.0%
6. THE TOWA BANK,LTD. 1.9%
7. Aioi Nissay Dowa Insurance Co. 1.4%
8. Japan Custody Bank 1.4%
9. Meiji Yasuda Life Insurance 1.3%
10. Sumitomo Life Insurance Company 1.3%

Activist Activity

Wellington Management Company LLP 8.12%

2025-05-20 · change

Wellington Management Company LLP 7.06%

2025-04-21 · change

Wellington Management Company LLP 5.61%

2025-03-05 · change

Sumitomo Mitsui Trust Asset Management Co.,Ltd. 4.02%

2024-08-06 · change

Wellington Management Company LLP 7.08%

2024-08-05 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥386	¥399	¥430	¥431	¥429
FCF/Share	¥3,034	¥2,669	¥-2,778	¥115	¥-987
EPS	¥20	¥35	¥25	¥20	¥-212
DPS	¥5	¥6	¥6	¥6	¥7
Capital Spending per share	¥12	¥7	¥10	¥23	¥57
Book Value per share	¥1,615	¥1,642	¥1,648	¥1,661	¥1,442
Common Shares Outstanding	104M	104M	105M	105M	105M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥40B	¥42B	¥45B	¥45B	¥45B
Operating Margin (%)	11.2%	13.4%	11.2%	9.4%	-52.4%
Net Profit (owners)	¥2B	¥4B	¥3B	¥2B	¥-22B
Net Profit Margin (%)	5.2%	8.7%	5.9%	4.6%	-49.5%
Working Capital	—	—	—	—	—
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥0B
Net Worth (Common Equity)	¥169B	¥172B	¥173B	¥175B	¥152B
Return on Total Assets (ROA)	0.1%	0.1%	0.1%	0.1%	-0.7%
Return on Common Equity (ROE)	1.2%	2.1%	1.5%	1.2%	-14.7%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.