[Company analysis] The Shizuoka Bank, Ltd. (静岡銀行)

「The Shizuoka Bank, Ltd. (静岡銀行)」is a designated financial institution in Shizuoka Prefecture and is known for its top-class financial solvency among Japanese banks. As for the equity ratio, this bank even overwhelm the three Japanese major megabanks(「Mitsubishi UFJ Financial Group, Inc.(三菱UFJフィナンシャル・グループ)」,「Sumitomo Mitsui Financial Group, Inc.(三井住友フィナンシャルグループ)」and「Mizuho Financial Group, Inc.(みずほフィナンシャルグループ)」). The number of consolidated employees is approximately 2,819.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	The Shizuoka Bank, Ltd.
Company name (Japanese)	静岡銀行
Date of establishment	Monday, March 1, 1943
Headquarters location	〒420-8761 静岡県静岡市葵区呉服町一丁目10番地
Capital	90,800
Consolidated sales	235,736
Consolidated operating profit	63,379
Consolidated total assets	11,854,771
Consolidated capital	1,016,815
Capital adequacy ratio	8.6%
Consolidated number of employees	2,819

 

 

 

2. Summary and Features

 
「Shizuoka Bank」is a financial institution established in 1877, as a national bank of Shizuoka City. They have a very large amount of deposits and number of branches, not only in Japan but also in New York, Brussels and Hong Kong, they have their branch office. They are the most influential bank in Shizuoka Prefecture with a close relationship with「Mitsubishi UFJ Financial Group」. It is the third largest regional bank in Japan after「the Bank of Yokohama(横浜銀行)」and「The Chiba Bank(千葉銀行)」

In addition, regardless of whether it is a regional bank or a megabank,「Shizuoka Bank」is known for its top-class financial solvency among Japanese banks. They received "A1" and "P-1" respectively in long-term and short-term credit evaluations from「Moody's」, and "A +" and "A1" respectively from「Standard and Poor's」, which is the highest level among the Japanese banks. This is closely related to the management policy of「Shizuoka Bank」. While other banks place importance on "profit",「Shizuoka Bank」places importance on ​​"cash flow".

Hence, there is a corporate culture that prevents excessive investment. They tend to be conservative on investment,  so they were nicknamed as "Shibugin(シブ銀)", which means a bank who is very tight with money. In the past, during the bubble economy in Japan, many Japanese banks carried out high-risk transactions such as real estate and development loans. After the collapse of bubble economy, all of them suffered critical financial damage because of that. this「Shizuoka Bank」, However, they did not deal with such a risky transactions, so they did not suffered any damage. this is directly connected to the very high level of financial solvency of「Shizuoka Bank」.

Another feature is that despite「Shizuoka Bank」is a mere regional bank, still this bank has many customers even outside of Shizuoka prefecture. This tendency depends on their reputation of stability and free ATM fee policy. As of now,「Shizuoka Bank」is affiliated with「Seven & I Holdings Co., Ltd.,(セブン&アイ・ホールディングス)」and is able to deposit and withdraw at ATMs of「Seven Bank(セブン銀行)」is available 24 hours a day, free of charge.

 

 

 

3. Major Business

 

■ Bank business

 

 

 

4. Financial information

 

※Unit is JPY million

	2016	2017	2018
Consolidate revenue	249,804	224,091	235,736
Consolidate gross income	47,055	65,839	63,379
Consolidated total assets	11,054,783	11,532,724	11,854,771
Consolidated net assets	934,719	992,808	1,016,815