Tohoku Bank, Ltd.
TTSE:83491,447.00
JPY
-22.00
(-1.50%)
Tohoku Bank, Ltd.
TSE:8349
(Tokyo Stock Exchange)
Recent
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1,447.00
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ROIC.AI
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- Business
- The Tohoku Bank, Ltd. (8349.T) operates as a regional bank providing a comprehensive range of banking and financial services to individual and corporate customers primarily in Japan's Tohoku region. The bank offers ordinary deposit and general accounts, time deposits, investment trusts, government bonds, ATM services, debit and credit cards, payment collection, internet and mobile banking; various loans including housing, car, card, free, education, life support, renovation, senior, housing support, refinancing, apartment, and reconstruction support loans; insurance products such as medical/cancer, individual annuity, whole life, term, long-term, and income security insurance; inheritance and pension services; commodity securities trading; credit guarantee for housing and consumer finance; machinery leasing; and computer software development and sales. It also provides foreign exchange services, bond consignment and agency, loan guarantees, counter sales of treasury bonds and public bonds, securities investment trusts, and digital initiatives like smartphone apps and web-based loans such as "suicchi" free loans and business loans. Founded on November 1, 1950, and headquartered in Morioka, Iwate Prefecture, the bank maintains approximately 48 locations across the Tohoku region including Iwate, Aomori, and Fukushima prefectures, serving retail, payday advance, mortgages, consumer finance, and investment banking needs with a focus on regional revitalization, primary industry support, decarbonization efforts, and community initiatives like child-rearing programs. In August 2025, the bank entered a strategic capital and business alliance with SBI Holdings, Inc., under which SBI Regional Bank Holdings plans to acquire up to 2.95% of the bank's shares for approximately JPY 100 million in cross-shareholdings, aiming to enhance services through financial instruments intermediation via SBI Securities, joint operations with SBI Money Plaza, asset management diversification, digital transformation support including smartphone apps, and establishment of a joint fund for local business capital provision. This alliance builds on prior collaborations and supports the bank's profitability, productivity enhancement for local enterprises, and asset formation for regional customers while maintaining management independence. The bank operates through banking, leasing, and other segments, with paid-in capital of JPY 13.233 billion as of March 2025, and continues initiatives like prize-linked time deposits, new NISA accounts, cashless payment programs, and purpose-specific web loans amid ongoing regional economic recovery.