Shimizu Bank (TSE:8364) has released its Q3 2026 results, reporting total revenue of ¥8.1b and basic EPS of ¥77.15. Trailing twelve month revenue is ¥27.9b and trailing twelve month EPS is ¥216.42. Quarterly revenue increased from ¥6.4b in Q3 2025 to ¥8.1b in Q3 2026, while basic EPS rose from ¥49.74 to ¥77.15 over the same periods. Trailing twelve month net income moved from ¥1.86b in Q3 2025 to ¥2.44b in Q3 2026. Together, these figures suggest firmer margins and a clearer profit profile, providing investors with more detail for assessing the quality of the current earnings performance.
See our full analysis for Shimizu Bank.
With the headline numbers outlined, the next step is to see how this earnings profile aligns with the prevailing narratives around Shimizu Bank and where those narratives might warrant revision.
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TSE:8364 Earnings & Revenue History as at Feb 2026
TTM profits of ¥2.4b after earlier losses
- Over the trailing twelve months, Shimizu Bank earned net income of ¥2.44b on revenue of ¥27.9b, compared with earlier periods in the dataset that show losses despite similar revenue levels between ¥26.2b and ¥27.5b.
- What stands out for a more bullish view is that this return to profit comes after trailing net losses of ¥2.38b and ¥2.24b in Q3 and Q2 2025, which supports the idea that recent profitability is backed by cleaner margins rather than just top line size.
- Trailing EPS moved from losses of ¥207.45 and ¥194.03 per share in those periods to a positive ¥216.42 now, while revenue stayed in a fairly tight ¥26.2b to ¥27.9b range.
- This contrast between similar revenue and very different profit outcomes anchors the argument that earnings quality, not just volume of business, is what has improved.
After such a sharp swing from losses to ¥2.44b of profit, many investors want to understand whether this is a one off or part of a bigger story for the bank. 📊 Read the full Shimizu Bank Consensus Narrative.
P/E of 13.5x with price above DCF fair value
- At a share price of ¥2,912, the trailing P/E of 13.5x sits below the broader Japan market average of 15.3x and below the Japan banks industry average of 14.9x, while the DCF fair value in the dataset is ¥1,568.70 per share.
- For a more cautious, bearish read, critics highlight that even though the P/E is lower than the market, the current price is well above the DCF fair value, which raises questions about how much of the recent profit recovery is already reflected.
- The gap between the ¥2,912 share price and the ¥1,568.70 DCF fair value is large, so investors who lean bearish may treat the lower P/E versus the market as less of a comfort and more as a sign that cash flow expectations are already quite full.
- The dataset also shows a five year earnings trend of 10.7% annual contraction, so bears can point to that longer term record alongside the DCF gap when debating valuation risk.
Credit quality signalled by 55% bad loan allowance
- The dataset flags an allowance for bad loans of 55%, characterized as low, alongside non performing loans between ¥13.5b and ¥14.7b and a loan book consistently above ¥1.25b.
- Investors who lean cautious focus on how this relatively low allowance interacts with the recent return to profit, arguing that credit provisioning is a key swing factor that could influence how durable the current ¥2.44b of trailing earnings really is.
- Non performing loans are shown in a narrow band around the mid ¥13b to ¥14b range, so a 55% allowance gives bears room to argue that additional provisions could absorb a meaningful slice of the recent profit base.
- With total loans of about ¥1.28b in recent quarters, even modest changes in provision coverage on that book can have a visible impact on EPS, which is why skeptics keep this metric front and center when reviewing the results.
Next Steps
Don’t just look at this quarter; the real story is in the long-term trend. We’ve done an in-depth analysis on Shimizu Bank’s growth and its valuation to see if today’s price is a bargain. Add the company to your watchlist or portfolio now so you don’t miss the next big move.
See What Else Is Out There
Shimizu Bank’s five year earnings contraction, price sitting well above the DCF fair value, and low bad loan allowance all point to valuation and risk concerns.
If those red flags make you want sturdier footing, check out 47 resilient stocks with low risk scores today so you can focus on companies where balance sheets and risk scores look more robust.
This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.
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