Oita Bank, Ltd.
TTSE:83922,710.00
JPY
-111.00
(-3.93%)
ISIN
JP3175200009
Return %
Stock
S&P 500
1Y
167.79
14.20
3Y
395.79
81.12
5Y
621.13
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Yasuhide Takahashi
- Full Time Employees
- 1,626
- Sector
- Finance
- Industry
- Regional banks
- Address
- 4-1, Funaimachi 3-chome Oita OI Japan 870-0021
- IPO Date
- Apr 2, 1973
- Website
- oitabank.co.jp
- Similar Companies
- Business
- The Oita Bank, Ltd. is a regional Japanese bank primarily engaged in providing a wide range of financial services with a focus on banking, leasing, and credit card services. The bank's core products include various deposit accounts such as general savings, fixed deposits, and foreign currency deposits; lending services encompassing mortgage, housing, business, free, card, car, education, and renovation loans; asset management; insurance products; trading of commodity securities; securities investment services; domestic and foreign exchange services; corporate bond fiduciary and registration services; and ancillary services including futures trading and accounting-related calculation services. The Leasing Business segment offers leasing services tailored to local needs, while other business operations include debt guarantee services, computer-related services, and investment and loan services targeting both individual and corporate clients. The bank's geographic operations focus mainly on Oita Prefecture and the surrounding regions in Japan. Founded in 1954 and headquartered in Oita City, Oita Prefecture, the bank maintains a community-oriented approach emphasizing local economic development. Recent major changes include a revision of the financial targets in its Medium-Term Management Plan 2024, where the bank raised its consolidated profit target for fiscal 2026 to over ¥10 billion and increased its expected return on equity (ROE) to above 5%, reflecting an optimistic outlook amid rising interest rates in the domestic market. The bank also announced an equity buyback program for 300,000 shares valued at approximately ¥1 billion, aimed at enhancing shareholder returns. These strategic moves show Oita Bank’s proactive adaptation to higher interest rate environments and efforts to improve operational efficiency as it pursues sustainable growth. The bank's management focuses on strengthening profitability by optimizing revenue sources, including net interest income and fees, while maintaining sound capital adequacy and reducing operational costs. The bank operates within the financial services industry primarily serving individual and business customers in Japan. Oita Bank continues to balance traditional banking with innovative approaches for local community development and financial service diversification, maintaining a stable and sustainable business model rooted in its regional market expertise and comprehensive financial product offerings.