Tottori Bank Ltd

Tottori Bank Ltd has a market price of 1,501 JPY per share, with a market capitalization of 14,048,315,304 JPY. The company's price-to-book ratio is 0.28, indicating that the market values the company at a significant discount to its book value. The price-to-earnings ratio is 136.39, which is notably high, suggesting that investors are paying a premium for the company's earnings. The enterprise value to revenue ratio is 23.51, reflecting a high valuation relative to its revenue.

In terms of profitability, Tottori Bank Ltd has a return on equity (ROE) of 0.21% and a return on assets (ROA) of 0.01%. These figures are well below the industry median for Japanese regional banks, indicating that the company is underperforming in terms of capital efficiency and asset utilization. The company's net income of 103,000,000 JPY is modest relative to its total assets of 1,145,623,000,000 JPY, further highlighting the low returns on its asset base.

Tottori Bank Ltd's revenue is concentrated in Japan, with no disclosed international operations. The company's business is primarily driven by domestic retail and corporate banking services, with no material diversification into other financial segments. This geographic and segment concentration increases the company's exposure to local economic conditions and regulatory changes.

The company's growth trajectory is limited, with no significant revenue growth reported in the latest financial period. The operating cash flow of 56,654,000,000 JPY is positive, but the capital expenditure of -1,226,000,000 JPY suggests that the company is not investing heavily in new infrastructure or technology. This lack of investment may hinder the company's ability to adapt to changing market conditions and technological advancements.

Tottori Bank Ltd faces several risk factors, including a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio of 0.87 indicates a moderate level of leverage, but the negative net cash position after subtracting total debt raises concerns about its short-term liquidity. The company has not disclosed any recent dilutive events, and the low dilution risk suggests that there is little immediate threat to shareholder value.

Recent events related to Tottori Bank Ltd include the latest financial results, which show a net income of 103,000,000 JPY and a revenue of 2,441,000,000 JPY. The company's earnings per share (EPS) of 140.28 JPY align with the analyst estimates, indicating that the company is meeting expectations. However, the lack of significant growth or strategic initiatives in the latest filings suggests that the company is maintaining a conservative approach to its operations.

Net income surged 24.3% year-over-year to JPY 1.31 billion, demonstrating strong profitability growth despite flat revenue trends.

Free cash flow exploded 903.5% to JPY 1.15 billion, indicating significantly improved cash generation capabilities in the latest fiscal year.

The stock trades at a deep 0.28x price-to-book ratio, suggesting substantial undervaluation relative to the company's tangible book value.

Long-term debt decreased significantly from JPY 64.6 billion in 2021 to JPY 25.1 billion in 2025, strengthening the balance sheet.

Cash conversion ratio ranks as best-in-class at 550.04, vastly outperforming the bank cohort median of 1.14.

Total assets contracted by 3.4% year-over-year, signaling a shrinking balance sheet and potential lack of growth opportunities.

Equity declined 3.8% year-over-year with a negative 0.7% CAGR, indicating a deteriorating capital base over the five-year period.

The company faces medium liquidity risk, which could constrain operational flexibility or increase funding costs in stressed market conditions.

Revenue ¥2.89B, +10,3% YoY; Net income +78,7% YoY.

• ▍Revenue ¥2.89B, +10,3% YoY
• ▍Net income +78,7% YoY
• ▍Net margin 29.0%

Revenue ¥2.62B, +4,3% YoY; Net income +69,2% YoY.

• ▍Revenue ¥2.62B, +4,3% YoY
• ▍Net income +69,2% YoY
• ▍Net margin 9.2%

Revenue ¥2.77B, +3,7% YoY; Net income −4,0% YoY.

• ▍Revenue ¥2.77B, +3,7% YoY
• ▍Net income −4,0% YoY
• ▍Net margin 19.7%

Revenue ¥2.50B, +2,2% YoY; Net income +28,2% YoY.

• ▍Revenue ¥2.50B, +2,2% YoY
• ▍Net income +28,2% YoY
• ▍Net margin 5.3%

Revenue ¥2.62B; Net margin 17.9%.

• ▍Revenue ¥2.62B
• ▍Net margin 17.9%

Revenue ¥2.51B; Net margin 5.7%.

• ▍Revenue ¥2.51B
• ▍Net margin 5.7%

Revenue ¥2.67B; Net margin 21.3%.

• ▍Revenue ¥2.67B
• ▍Net margin 21.3%

Revenue ¥2.44B; Net margin 4.2%.

• ▍Revenue ¥2.44B
• ▍Net margin 4.2%

Revenue ¥10.29B, −0,4% YoY; Net income +24,3% YoY.

• ▍Revenue ¥10.29B, −0,4% YoY
• ▍Net income +24,3% YoY
• ▍Free cash flow +903,5% YoY
• ▍Net margin 12.8%

Revenue ¥10.33B, +5,0% YoY; Net income +1,2% YoY.

• ▍Revenue ¥10.33B, +5,0% YoY
• ▍Net income +1,2% YoY
• ▍Free cash flow −88,0% YoY
• ▍Net margin 10.2%

Revenue ¥9.84B, +4,4% YoY; Net income +17,0% YoY.

• ▍Revenue ¥9.84B, +4,4% YoY
• ▍Net income +17,0% YoY
• ▍Free cash flow +48 000,0% YoY
• ▍Net margin 10.6%

Revenue ¥9.42B, +0,4% YoY; Net income −10,5% YoY.

• ▍Revenue ¥9.42B, +0,4% YoY
• ▍Net income −10,5% YoY
• ▍Free cash flow −100,2% YoY
• ▍Net margin 9.5%