Today I will talk about Aozora Bank, which mainly operates real estate financing and sales of financial products for individuals and corporations and develops online banks with GMO.
※The above images are from Aozora Bank’s website
In the past, the U.S. investment fund Cerberus was a major shareholder of Aozora Bank and was talked about due to it being the first time at a major Japanese bank that leadership came from an outside nation, but pursuing results in a
short period and company presidents often changed, so that there are many criticisms for such an irresponsible attitude.
In September 2012, Cerberus sold its shares, and after losing control of Cerberus for about nine years, the current president (Shinsuke Baba), who had been essentially a dyed in the wool bank employee, has taken the lead since then.
￥2,834 (2/27 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 5.50% PER 9.81 PBR 0.68
Equity ratio 8.8%
Recently, Aozora Bank has expanded business succession and merger and acquisition support systems, and has begun trust services, such as will trust and inheritance consolidation.
Dividends are paid four times a year, and it seems to be a policy to pay half of the net profit to dividends.
Transition of business results
|
|
Total revenue |
Income before tax |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
134,704 |
51,764 |
43,849 |
375.9 |
187 |
50% |
|
2018.3 |
148,819 |
57,984 |
43,064 |
369.2 |
184 |
50% |
|
2019.3 |
160,136 |
47,796 |
36,130 |
309.7 |
154 |
50% |
|
2020.3 |
165,000 |
51,000 |
36,500 |
312.8 |
156 |
50% |
※Unit of Total revenue, Income before tax, net income is one-million yen
※The figure for March 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
1,472 |
2,275 |
|
CF investing activities |
▲558 |
▲2,115 |
|
CF financing activities |
▲197 |
▲219 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.