The Akita Bank, Ltd.

8343.T · Financial Services · Banks - Regional · Valued as of 2026-11-03 · Statements 2026-03-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

2.77B USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

832.25M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.12B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

1.57B USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

1.15B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

1.36×

the ratio the screener ranks by

Margin of Safety

+26.7%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 2.77B USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)2.77B USD
−②Net Debt Today0 USD
+③Growth Value0 USD
=Value2.77B USD

EPV of the Operations (NOPAT over WACC)

2.77B USD

Net debt today

0 USD

Growth Value

0 USD

Value

2.77B USD

①EPV (earnings power value)

2.77B USD

②Net Debt Today

0 USD

③Growth Value

0 USD

Market value

Market Cap1.15B USD

The price on the date above times the shares.

Value vs market

Margin of Safety+58.3%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 832.25M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE290.06M USD
+②Equity at Year 15, Today542.20M USD
=Value832.25M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

290.06M USD

②Equity at Year 15, Today

542.20M USD

Market value

Market Cap1.15B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-38.8%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.12B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (FCFF does not apply to a bank: its working capital is its loans and deposits), so the value is the book value today, 1.12B USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Debt Today

Not in the value

Market value

Market Cap1.15B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-2.8%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 5.68%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.41×Market Risk Premium 6.00%= 6.98%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 18.71M USDPretax Income 67.02M USD= 27.91%

The tax the interest saves.

Interest Expense =EBIT —−Pretax Income 67.02M USD= —

The interest the company paid: EBIT is the profit before tax plus the interest.

No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.

Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.

Debt Weight =Total Debt 890.74M USDMarket Cap + Total Debt 1.15B USD + 890.74M USD= 43.54%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 56.46%×Cost of Equity 6.98%+Debt Weight 43.54%×Cost of Debt 4.00%= 5.68%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-03-31.

Total Assets 22.40B USD − Total Liabilities 21.28B USD = Book Value Today 1.12B USD

Net debt today 0: a bank's debt is the money it lends on, not how the business is financed.

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 10.9%at most 5%passes17,797,773 / 17,636,007
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets-2.0%at least -10.0%passes(-397.02M USD − 48.17M USD) ÷ 22.40B USD
Price to bookMarket Cap ÷ Book Value Today1.03×at most 3×passes1.15B USD ÷ 1.12B USD
Operating marginOperating Income ÷ Revenue68.9%above 10.0%passes218.41M USD ÷ 316.91M USD
Revenue growthRevenue ÷ Revenue a Year Before − 10.6%above 10.0%does not pass316.91M USD / 314.90M USD
Net cash(Cash − Total Debt) ÷ Market Cap123.0%above -30%passes(2.31B USD − 890.74M USD) ÷ 1.15B USD
Operating efficiencyOperating Income ÷ Gross Profit—above 25.0%not measured0 USD ÷ 0 USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

2035.03 JPY

Enterprise value

-64.74B JPY

the provider's own figure

EV / EBITDA

—

Price / book

0.19×

the provider's book

Price / earnings

23.48×

Return on equity

5.0%

the provider's figure, not this page's

Profit margin

17.2%

Revenue growth

-9.0%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

USD2023202420252026
Income statement

Revenue

325.20M255.58M314.90M316.91M

Gross profit

————

Operating income

————

EBITDA

operating income before depreciation and amortisation

————

Pretax income

33.87M41.85M60.40M67.02M

Net income

24.76M30.02M37.88M48.17M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

27.11M31.28M38.27M50.63M

R&D

————
Balance sheet, year end

Total assets

26.50B23.69B23.15B22.40B

Total liabilities

25.37B22.55B22.10B21.28B

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

1.12B1.14B1.05B1.12B

Total debt

1.47B1.38B584.66M890.74M

Cash and equivalents

5.67B4.55B3.12B2.31B

Net PP&E

fixed assets after depreciation

136.25M118.17M119.52M108.50M

Working capital

current assets less current liabilities

————
Cash flow

Operating cash flow

-1.26B-346.27M-873.01M-397.02M

Capital expenditure

paid out, so below zero

-7.97M-8.93M-8.76M-7.00M

Depreciation and amortisation

12.35M10.30M8.68M7.68M

Free cash flow

operating cash flow plus capital expenditure

-1.26B-355.20M-881.77M-404.02M