The Miyazaki Bank, Ltd.

¥2,146As of Sun 8 Nov 2026, 12:00 UTC

TSE:8393Financials

Country Japan

PE (Fwd) •••

TSR 10Y CAGR 17.83%

Div yield 2.61%

ROTE 6.65%

Banks (Regional)

Beta (5Y) 0.31

PE TTM 11.65

TSR TTM 136.11%

Mkt cap ¥180.1B

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

¥2,349

9.47%

143.10%

Buy 11|0|3|2|1

TTM

FYE 31 Mar JPY

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

26.79

Revenue¥B

22.07

23.50

25.43

27.68

29.71

31.52

33.08

34.51

37.20

40.49

29.40

6.39%

7.04%

22.73

Revenue growth%

16.05

13.21

11.64

9.36

7.79

10.63

10.87

11.73

13.38

11.74

10.87

11.26

7.58

NIM%

23.92

25.59

28.24

27.43

24.58

24.53

22.45

23.24

25.18

26.69

18.02

24.53

24.88

28.04

Effic. R.%

11.87

14.38

15.20

18.00

16.94

15.02

17.17

19.30

18.60

17.16

29.61

17.17

17.05

4.36

Net margin%

4.33

7.07

9.43

10.22

10.03

12.93

12.63

14.75

13.36

11.74

20.77

12.93

10.98

9.261

P/E ratio (avg)x

26.71

30.06

34.98

32.68

34.86

39.08

40.49

42.93

47.91

50.54

28.93

42.93

37.03

21.22

P/TBVx

22.45

22.04

19.94

19.60

20.62

20.35

20.13

20.05

19.61

20.42

24.39

20.13

20.24

27.21

P/Bx

49.13

53.26

53.22

57.55

63.35

72.26

80.63

84.66

97.68

115.6

35.04

84.66

67.80

12.58

NII¥B

14.80

16.01

17.20

19.06

20.34

21.20

22.39

23.39

25.39

27.39

4.527

6.14%

7.04%

—

28.93

NII grth%

23.45

24.87

21.88

22.17

21.55

20.63

23.40

24.56

25.80

25.60

29.93

24.56

23.43

7.96

ROTE%

15.70

16.01

14.49

16.89

17.60

17.89

20.79

22.65

24.06

24.60

11.88

22.65

17.74

17.11

Return on equity%

18.36

17.38

19.81

22.07

24.54

22.71

21.15

24.15

26.12

27.04

10.50

24.15

22.39

18.77

Return on assets%

12.13

10.89

9.45

12.45

12.21

10.13

10.10

12.58

13.15

14.38

4.37

12.58

12.17

200.17

EPS¥

175.43

172.03

185.06

209.71

226.70

258.91

277.09

312.70

355.87

362.32

213.30

9.83%

9.46%

—

23.30

EPS growth%

11.52

13.16

13.28

10.60

12.37

12.27

12.49

14.04

15.39

14.84

29.03

14.04

12.82

221.94

Bookvalue per sh¥

35.70

35.89

37.38

40.54

43.65

50.71

53.25

56.29

56.50

57.50

136.58

5.67%

4.68%

—

218.18

TBV/sh¥

47.20

43.15

43.13

48.03

52.08

55.74

54.01

54.04

58.17

63.52

117.99

4.05%

2.39%

—

126.38

Dividend per sh¥

261.56

266.27

301.16

346.19

414.03

433.67

481.01

501.23

488.65

523.27

214.47

4.79%

7.50%

—

7.56

Div yield (avg)%

2.88

0.92

3.76

1.73

4.26

2.42

3.58

4.50

2.70

4.83

25.99

3.58

3.23

14.38

Payout ratio%

6.25

7.24

4.93

5.93

5.06

3.36

4.03

1.45

3.76

0.86

3.73

3.36

4.48

84.40

Shares (diluted)M

84.13

85.61

81.21

76.42

84.69

85.33

86.11

86.81

91.51

100.3

85.75

3.43%

1.23%

9.58

Buyback yield%

33.10

30.61

30.04

29.58

28.50

26.37

24.83

26.56

28.02

27.32

18.13

26.56

28.26

14.41

Eq/Assets%

86.89

83.36

88.84

79.68

87.14

79.45

73.53

68.53

72.50

66.84

47.31

72.50

79.56

9.213

Assets¥B

211.7

240.3

260.6

285.4

293.2

316.4

337.4

352.3

390.6

410.4

16.90

6.96%

7.94%

7.369

LT debt¥B

56.14

63.44

70.62

73.34

87.66

98.96

107.2

124.7

130.8

140.4

4.186

9.87%

9.70%

Peers (US$1.143B)

Cap (US$)

The Oita Bank, Ltd.

1.151B

16.21x

TOMONY Holdings, Inc.

1.146B

10.50x

The First Bank Of…

1.099B

10.57x

Banco do Estado do Rio…

1.136B

3.253x

Capital

TTM

10Y

Tang eq%

206.87

13.08

12.94

LT debt%

79.99

33.48

30.59

Cash%

518.36

15.75

15.73

Sh yield%

17.14

30.73

31.42

Owners

Insiders/Inst%

9.75

41.24

Short interest%

4.92

SBC / revenue%

2.52

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

17–27

$1 testx

—

Incr. ROIC%

—

The Miyazaki Bank, Ltd., together with its subsidiaries, offers various banking products and services primarily in Japan. It operates through Banking Business and Leasing Business segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

¥410.4B

7.94%

1.09×

Revenue

¥40.49B

7.04%

1.00×

Non-interest expense

¥23.89B

6.87%

0.98×