Announcement • Jun 26
Nishi-Nippon Financial Holdings, Inc. to Report Q1, 2027 Results on Aug 03, 2026 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q1, 2027 results on Aug 03, 2026 Reported Earnings • May 13
Full year 2026 earnings: EPS in line with analyst expectations despite revenue beat Full year 2026 results: EPS: JP¥288 (up from JP¥221 in FY 2025). Revenue: JP¥198.4b (up 22% from FY 2025). Net income: JP¥40.1b (up 30% from FY 2025). Profit margin: 20% (up from 19% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Nishi-Nippon Financial Holdings, Inc., Annual General Meeting, Jun 26, 2026 Nishi-Nippon Financial Holdings, Inc., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Nishi-Nippon Financial Holdings, Inc. to Report Fiscal Year 2026 Results on May 12, 2026 Nishi-Nippon Financial Holdings, Inc. announced that they will report fiscal year 2026 results on May 12, 2026 New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Buy Or Sell Opportunity • Apr 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥4,025. The fair value is estimated to be JP¥3,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥65.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Buy Or Sell Opportunity • Mar 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥3,842. The fair value is estimated to be JP¥3,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥88.86 (vs JP¥52.97 in 3Q 2025) Third quarter 2026 results: EPS: JP¥88.86 (up from JP¥52.97 in 3Q 2025). Revenue: JP¥59.9b (up 46% from 3Q 2025). Net income: JP¥12.4b (up 67% from 3Q 2025). Profit margin: 21% (up from 18% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,303, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Banks industry in Japan. Total returns to shareholders of 346% over the past three years. Buy Or Sell Opportunity • Jan 14
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 48% to JP¥3,563. The fair value is estimated to be JP¥2,969, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Announcement • Dec 25
Nishi-Nippon Financial Holdings, Inc. to Report Q3, 2026 Results on Feb 09, 2026 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q3, 2026 results on Feb 09, 2026 Declared Dividend • Dec 11
First half dividend of JP¥65.00 announced Shareholders will receive a dividend of JP¥65.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Dec 05
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥91.50 (vs JP¥43.11 in 2Q 2025) Second quarter 2026 results: EPS: JP¥91.50 (up from JP¥43.11 in 2Q 2025). Revenue: JP¥47.7b (up 34% from 2Q 2025). Net income: JP¥12.7b (up 111% from 2Q 2025). Profit margin: 27% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 05
Price target increased by 23% to JP¥2,700 Up from JP¥2,200, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,625. Stock is up 47% over the past year. The company posted earnings per share of JP¥221 last year. Announcement • Sep 25
Nishi-Nippon Financial Holdings, Inc. to Report Q2, 2026 Results on Nov 10, 2025 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q2, 2026 results on Nov 10, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥60.98 (vs JP¥58.52 in 1Q 2025) First quarter 2026 results: EPS: JP¥60.98 (up from JP¥58.52 in 1Q 2025). Revenue: JP¥43.2b (up 4.6% from 1Q 2025). Net income: JP¥8.49b (up 3.5% from 1Q 2025). Profit margin: 20% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 25
Nishi-Nippon Financial Holdings, Inc. to Report Q1, 2026 Results on Aug 04, 2025 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q1, 2026 results on Aug 04, 2025 New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • May 11
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥221 (up from JP¥167 in FY 2024). Revenue: JP¥163.8b (up 6.8% from FY 2024). Net income: JP¥31.0b (up 31% from FY 2024). Profit margin: 19% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Nishi-Nippon Financial Holdings, Inc., Annual General Meeting, Jun 27, 2025 Nishi-Nippon Financial Holdings, Inc., Annual General Meeting, Jun 27, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,878, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Banks industry in Japan. Total returns to shareholders of 189% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,372 per share. Announcement • Mar 26
Nishi-Nippon Financial Holdings, Inc. to Report Fiscal Year 2025 Results on May 09, 2025 Nishi-Nippon Financial Holdings, Inc. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥52.97 (vs JP¥31.54 in 3Q 2024) Third quarter 2025 results: EPS: JP¥52.97 (up from JP¥31.54 in 3Q 2024). Revenue: JP¥41.2b (up 3.2% from 3Q 2024). Net income: JP¥7.41b (up 67% from 3Q 2024). Profit margin: 18% (up from 11% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 03
Nishi-Nippon Financial Holdings, Inc. to Report Q3, 2025 Results on Feb 10, 2025 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 11
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.1%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥43.11 (vs JP¥48.36 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.11 (down from JP¥48.36 in 2Q 2024). Revenue: JP¥38.1b (up 2.5% from 2Q 2024). Net income: JP¥6.05b (down 12% from 2Q 2024). Profit margin: 16% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 06
Nishi-Nippon Financial Holdings, Inc. (TSE:7189) announces an Equity Buyback for 2,000,000 shares, representing 1.42% for ¥2,000 million. Nishi-Nippon Financial Holdings, Inc. (TSE:7189) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing approximately 1.42% of the company’s total issued shares, for ¥2,000 million. The purpose of the repurchase is to enhance return of profits to shareholders and improve capital efficiency. The program will expire on December 31, 2024. As of September 30, 2024, the company had 140,424,240 shares outstanding and 6,969,515 shares in treasury. Announcement • Sep 26
Nishi-Nippon Financial Holdings, Inc. to Report Q2, 2025 Results on Nov 06, 2024 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q2, 2025 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥73.93 (vs JP¥60.53 in 1Q 2024) First quarter 2025 results: EPS: JP¥73.93 (up from JP¥60.53 in 1Q 2024). Revenue: JP¥44.5b (up 14% from 1Q 2024). Net income: JP¥10.4b (up 21% from 1Q 2024). Profit margin: 23% (up from 22% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥1,489, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 10x in the Banks industry in Japan. Total returns to shareholders of 154% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Buy Or Sell Opportunity • Jul 25
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.3% to JP¥1,932. The fair value is estimated to be JP¥2,512, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 7.9%. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 05
Now 21% undervalued Over the last 90 days, the stock has risen 11% to JP¥1,990. The fair value is estimated to be JP¥2,504, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 7.9%. Announcement • Jun 23
Nishi-Nippon Financial Holdings, Inc. to Report Q1, 2025 Results on Aug 05, 2024 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q1, 2025 results on Aug 05, 2024 Buy Or Sell Opportunity • May 24
Now 21% undervalued Over the last 90 days, the stock has risen 19% to JP¥1,971. The fair value is estimated to be JP¥2,487, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 7.9%. Announcement • May 10
Nishi-Nippon Financial Holdings, Inc., Annual General Meeting, Jun 27, 2024 Nishi-Nippon Financial Holdings, Inc., Annual General Meeting, Jun 27, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥167 (vs JP¥182 in FY 2023) Full year 2024 results: EPS: JP¥167 (down from JP¥182 in FY 2023). Revenue: JP¥154.9b (up 7.3% from FY 2023). Net income: JP¥23.6b (down 9.5% from FY 2023). Profit margin: 15% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.9%). Announcement • Mar 20
Nishi-Nippon Financial Holdings, Inc. to Report Fiscal Year 2024 Results on May 08, 2024 Nishi-Nippon Financial Holdings, Inc. announced that they will report fiscal year 2024 results on May 08, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,934, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Banks industry in Japan. Total returns to shareholders of 205% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,762 per share. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥31.54 (vs JP¥85.74 in 3Q 2023) Third quarter 2024 results: EPS: JP¥31.54 (down from JP¥85.74 in 3Q 2023). Revenue: JP¥43.3b (up 1.1% from 3Q 2023). Net income: JP¥4.45b (down 64% from 3Q 2023). Profit margin: 10% (down from 29% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 24
Nishi-Nippon Financial Holdings, Inc. to Report Q3, 2024 Results on Feb 09, 2024 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Nov 08
Nishi-Nippon Financial Holdings, Inc. (TSE:7189) announces an Equity Buyback for 2,000,000 shares, representing 1.41% for ¥2,000 million. Nishi-Nippon Financial Holdings, Inc. (TSE:7189) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 1.41% of the outstanding shares for ¥2,000 million. The purpose of the program is to enhance the return of profits to shareholders and improve capital efficiency. The program will run until the end of December 2023. As of September 30, 2023, the company had 141,633,276 shares outstanding (excluding treasury stock) and 6,963,679 shares in treasury. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥48.36 (vs JP¥36.16 in 2Q 2023) Second quarter 2024 results: EPS: JP¥48.36 (up from JP¥36.16 in 2Q 2023). Revenue: JP¥39.3b (up 19% from 2Q 2023). Net income: JP¥6.84b (up 31% from 2Q 2023). Profit margin: 17% (up from 16% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 27
Nishi-Nippon Financial Holdings, Inc. to Report Q2, 2024 Results on Nov 07, 2023 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.2%). Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥60.53 (vs JP¥57.40 in 1Q 2023) First quarter 2024 results: EPS: JP¥60.53 (up from JP¥57.40 in 1Q 2023). Revenue: JP¥39.3b (up 11% from 1Q 2023). Net income: JP¥8.57b (up 3.4% from 1Q 2023). Profit margin: 22% (down from 23% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.4% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 26
Nishi-Nippon Financial Holdings, Inc. to Report Q1, 2024 Results on Aug 07, 2023 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 14
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: JP¥182 (up from JP¥164 in FY 2022). Revenue: JP¥145.7b (up 12% from FY 2022). Net income: JP¥26.1b (up 7.5% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,155, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Banks industry in Japan. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,139 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.50 per share at 4.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (4.0%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥85.73 (vs JP¥29.64 in 3Q 2022) Third quarter 2023 results: EPS: JP¥85.73 (up from JP¥29.64 in 3Q 2022). Revenue: JP¥44.8b (up 46% from 3Q 2022). Net income: JP¥12.3b (up 181% from 3Q 2022). Profit margin: 28% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Announcement • Dec 26
Nishi-Nippon Financial Holdings, Inc. to Report Q3, 2023 Results on Feb 06, 2023 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q3, 2023 results on Feb 06, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥46.78 (vs JP¥40.35 in 2Q 2022) Second quarter 2023 results: EPS: JP¥46.78 (up from JP¥40.35 in 2Q 2022). Revenue: JP¥35.1b (up 7.4% from 2Q 2022). Net income: JP¥6.75b (up 13% from 2Q 2022). Profit margin: 19% (in line with 2Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Miki Miyamoto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥36.16 (vs JP¥40.35 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.16 (down from JP¥40.35 in 2Q 2022). Revenue: JP¥34.6b (up 6.0% from 2Q 2022). Net income: JP¥5.22b (down 13% from 2Q 2022). Profit margin: 15% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Nishi-Nippon Financial Holdings, Inc. Announces Second Quarter End Dividend for the Fiscal Year Ending March 31, 2023, Payable on December 09, 2022 and Provides Dividend Guidance for the Year Ending March 31, 2023 Nishi-Nippon Financial Holdings, Inc. announced second quarter end dividend for the fiscal year ending March 31, 2023 and provided dividend guidance for the year ending March 31, 2023. for the quarter, the company declared dividend of JPY 17.50 as compared to JPY 15.00 per share a year ago, Payable on December 09, 2022.For the year end, The company expects to pay year end dividend of JPY 27.50 per share as compared of JPY 20.00 per share a year ago. Announcement • Nov 10
Nishi-Nippon Financial Holdings, Inc. (TSE:7189) announces an Equity Buyback for 5,000,000 shares, representing 3.46% for ¥2,500 million. Nishi-Nippon Financial Holdings, Inc. (TSE:7189) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.46% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to enhance the return of profits to shareholders and improve capital efficiency. The program will continue through the end of February 2022. As of September 30, 2022, the company had 144,326,000 issued shares (excluding treasury stock) and 7,270,955 treasury shares. Price Target Changed • Oct 24
Price target decreased to JP¥850 Down from JP¥965, the current price target is provided by 1 analyst. New target price is 10% above last closing price of JP¥772. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥177 for next year compared to JP¥164 last year. Announcement • Sep 23
Nishi-Nippon Financial Holdings, Inc. to Report Q2, 2023 Results on Nov 10, 2022 Nishi-Nippon Financial Holdings, Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.4%). Announcement • Aug 09
Nishi-Nippon Financial Holdings, Inc. Provides Dividend Guidance for the Second Quarter Ending September 30, 2022 Nishi-Nippon Financial Holdings, Inc. provided dividend guidance for the second quarter ending September 30, 2022. For the quarter, the company expects to pay dividend of ¥17.50 per share against ¥15.00 per share a year ago. 
