Yokohama Financial Group, Inc. CRDIY

FinancialsBanking ServicesJapan

Last close 31.32 USD on Nov 2, 2026, +27.7% year to date

Quant rating

Quant rating A Rank 45 of 304 in Financials

Growth A 11 of 304
Valuation C 147 of 304
Quality B 72 of 304
Revisions A 23 of 304
Momentum C 175 of 304

Wall Street consensus Buy (2.30)Average target 13.61 USD −56.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 12.0B
Enterprise value: 5.6B
52-week range: 21.34 – 39.91
3-year range: 13.49 – 39.91
Dividend yield: 2.43%
Beta (5 years): –
Shares outstanding: 1,145M
Next earnings: Nov 11, 2026

About the company

Yokohama Financial Group Inc, formerly Concordia Financial Group Ltd, is a Japan-based company mainly engaged in the banking business. The Company operates through the Banking segment. The Company is engaged in banking, securities, leasing, information services and research, venture capital, credit guarantee, credit card, securities investment trust management, investment consulting, investment banking, parts delivery, office agency, business administration, and other related businesses. The Company mainly operates in Yokohama and East Japan.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	2,238	1,829	1,592	1,484	1,415	–
Revenue growth	22.4%	14.9%	7.3%	4.9%	−4.9%	8.5%
EPS (basic, normalized)	0.60	0.49	0.32	0.35	0.38	–
EPS growth	21.9%	55.1%	−10.1%	−7.9%	77.3%	22.6%
Gross margin	–	–	–	–	–	–
Net margin	30.0%	30.2%	27.8%	28.5%	31.3%	29.6%
ROE	7.9%	6.4%	5.4%	5.0%	4.6%	5.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	12,416
Net debt (mil)	–
Total equity (mil)	8,956
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2026 actual	2,238	+22.4%	2.5x	8.01	+1.1%	3.9x	0.60	+23.6%	52.5x
2027	2,336	+4.4%	2.4x	8.38	+4.5%	3.7x	0.82	+37.2%	38.3x
2028	2,644	+13.2%	2.1x	8.85	+5.7%	3.5x	0.97	+18.8%	32.2x
2029	2,894	+9.5%	1.9x	9.40	+6.1%	3.3x	1.09	+11.7%	28.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	2,336	0.0%	+1.4%	+6.0%	0.82	0.0%	+5.5%	+18.1%
2028	2,644	0.0%	+4.0%	+7.5%	0.97	0.0%	+8.9%	+18.4%
2029	2,894	0.0%	+4.9%	+4.4%	1.09	0.0%	+11.4%	+8.6%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	77,639	74,212	116,057	76,185	110,201	87,523	96,507	90,489	133,965	99,935
Sales mean (mil)	–	–	64,633	61,745	66,918	70,032	72,434	74,171	75,591	88,604
Surprise	–	–	+79.6%	+23.4%	+64.7%	+25.0%	+33.2%	+22.0%	+77.2%	+12.8%
EPS reported	11.18	19.46	18.59	16.02	17.56	23.68	24.56	26.50	19.22	28.81
EPS mean	10.28	16.29	18.02	15.95	14.69	21.16	22.46	23.17	17.89	29.51
Surprise	+8.7%	+19.5%	+3.2%	+0.4%	+19.5%	+11.9%	+9.3%	+14.4%	+7.4%	−2.4%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
CRDIY Yokohama Financial Group, Inc.	12.0B	–	30.0%	1.20x	38.3x	32.2x	3.7x	3.5x
CHBAY The Chiba Bank, Ltd.	12.2B	–	30.8%	1.21x	82.0x	68.9x	7.5x	7.0x
MIUFY Mitsubishi HC Capital Inc	12.2B	–	7.3%	–	22.6x	19.7x	1.8x	1.7x
AGRPY Absa Group Limited	11.8B	–	–	–	14.2x	13.0x	2.1x	1.9x
CRCBY Chongqing Rural Commercial Bank Co Ltd	11.6B	–	25.6%	1.34x	229.4x	208.8x	20.6x	19.3x
ALLY Ally Financial Inc	11.6B	11.4%	5.5%	1.13x	7.7x	6.4x	0.8x	0.8x
Mean		11.4%	19.8%	1.22x	65.7x	58.2x	6.1x	5.7x
Median		11.4%	25.6%	1.21x	30.4x	26.0x	2.9x	2.7x

Technical analysis

1M−13.6%
3M−10.4%
1Y+39.7%
3Y+131.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Yokohama Financial Group, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Interest income	2,238	1,829	1,592	1,484	1,415	1,488
Total interest expense	598	441	358	220	44.5	55.6
Net interest income	1,640	1,387	1,234	1,264	1,370	1,432
Loan loss provision	46.9	63.8	67.4	98.6	66.6	270
Net interest income after loan loss provision	1,593	1,324	1,167	1,165	1,304	1,163
Non-interest income	846	825	873	877	935	1,133
Non-interest expense	−1,470	−1,356	−1,435	−1,436	−1,593	−1,967
Net income before taxes	969	793	604	606	646	328
Provision for taxes	289	239	160	183	199	93.1
Minority interest & equity in affiliates	−9.0	−1.8	−1.7	−0.3	−3.8	−6.2
Other	0	0	0	0	0	0
Net income before extraordinary items	671	552	442	423	443	229
Extraordinary items	–	–	–	–	–	–
Net income	671	552	442	423	443	229
Basic weighted average shares (mil)	1,133	1,156	1,171	1,185	1,206	1,206
Diluted weighted average shares (mil)	1,133	1,156	1,171	1,185	1,206	1,207
Basic EPS excluding extraordinary items	0.59	0.48	0.38	0.36	0.37	0.19
Basic EPS, normalized	0.60	0.49	0.32	0.35	0.38	0.22

Balance sheet in millions of USD, fiscal years

Balance sheet, Yokohama Financial Group, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & due from banks	26,164	29,648	27,320	48,393	46,336	37,704
Other earning assets	20,657	20,210	20,236	22,973	24,046	28,492
Net loans	110,770	111,122	109,171	117,987	122,656	123,248
Property, plant & equipment	1,080	1,118	1,111	1,238	1,380	1,507
Goodwill	42.0	–	–	–	–	–
Intangibles	148	121	125	131	137	160
Long-term investments	140	138	106	110	98.8	97.7
Other long-term assets	540	449	411	566	613	518
Other assets	2,204	2,538	2,656	2,363	2,505	3,190
Total assets	161,745	165,343	161,137	193,761	197,771	194,918
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	42.4	39.4	33.1	34.9	39.9	43.7
Total deposits	133,275	137,778	134,343	148,696	159,095	164,390
Other bearing liabilities	379	320	247	267	335	387
Short-term borrowings	3,641	2,084	3,010	17,044	7,882	3,150
Current portion of long-term debt	–	–	–	–	–	0.1
Long-term debt	12,674	14,067	13,625	16,843	18,884	13,828
Minority interest	91.3	32.6	40.1	43.8	49.3	53.2
Other liabilities	2,797	2,434	1,388	2,131	1,962	2,647
Total liabilities	152,899	156,755	152,687	185,060	188,247	184,500
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	946	1,001	992	1,130	1,234	1,356
Additional paid-in capital	1,290	1,365	1,530	1,863	2,033	2,235
Retained earnings (accumulated deficit)	5,724	5,596	5,183	5,584	5,823	6,104
Treasury stock	−271	−11.0	−56.1	−131	−35.3	−12.1
Other equity	1,157	636	802	255	468	735
Total equity	8,845	8,588	8,451	8,701	9,523	10,417
Total liabilities & shareholders' equity	161,745	165,343	161,137	193,761	197,771	194,918

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Yokohama Financial Group, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	969	793	604	606	646	328
Depreciation, depletion & amortization	96.2	85.2	87.7	99.0	113	122
Deferred taxes	–	–	–	–	–	–
Non-cash items	−1,742	−1,337	−1,623	−1,401	−1,665	−1,310
Changes in working capital	−89.7	2,968	−13,724	7,966	11,159	19,280
Cash from operations	−767	2,509	−14,655	7,271	10,252	18,420
Investing activities
Capital expenditures	−147	−105	−115	−92.5	−142	−140
Other investing cash flows	−588	249	363	−1,022	1,940	−4,201
Cash from investing	−735	144	248	−1,115	1,798	−4,341
Financing activities
Financing cash flow items	−0.8	−9.6	–	−1.7	−3.0	−1.4
Cash dividends paid	−237	−194	−159	−175	−169	−175
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−169	−267	−178	−252	−189	181
Cash from financing	−407	−471	−337	−429	−361	4.6
Foreign exchange effects	–	0	0	0.1	0.1	0.1
Net change in cash	−1,909	2,182	−14,745	5,728	11,689	14,083
Free cash flow	−914	2,404	−14,770	7,179	10,110	18,280

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.