Miyazaki Bank

Basic Information

Stock Code
8393
Industry
Banking
Category Detail
Banks
Prefecture
Miyazaki Prefecture
Establishment Year
July 1932
Listing Year
October 1975
Official Website
http://www.miyagin.co.jp/
TSE Information
TSE Information
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Overview

Miyazaki Bank is a mid-sized regional bank founded in 1932 with its base in Miyazaki Prefecture, providing community-oriented financial services while strengthening lending to agriculture and environmental sectors and utilizing a wide-area ATM network.

Current Situation

Miyazaki Bank recorded consolidated sales of approximately 63.8 billion yen and net profit of approximately 7.5 billion yen in the fiscal year ended March 2022. It mainly operates stores centered in Miyazaki Prefecture, extending to Kagoshima Prefecture and other Kyushu prefectures as well as major urban areas, providing financial services closely tied to the local economy. The bank focuses on retail banking, deploying personalized stores such as 'Miyagin Hotto.' It strategically strengthens lending to agriculture and environmental sectors to support regional industries. For ATM services, it partners with various financial institutions through the Kyushu ATM Network to enhance convenience. It is also addressing past scandals by strengthening internal controls. Going forward, it aims to solidify its position in regional finance while enhancing competitiveness through IT system renewal and service diversification. It considers social responsibilities such as SDGs to contribute to sustainable regional development.

Trivia

Interesting Facts

  • Historic bank established in 1932 as a prefecture-led rescue measure
  • Operates bases in Kagoshima as well, promoting Kyushu-wide community-focused management
  • A cappella group formed by bank employees features in beloved local CM songs
  • Collaborates with many financial institutions via Kyushu ATM Network
  • Strengthened internal controls further after scandal discovery
  • Adopted the 'Judan-kai' joint system since 2011
  • Maintains community-focused strategy despite stores spanning multiple prefectures
  • President and CEO is Koji Hirano (as of 2024)
  • 96 branches and 17 sub-branches support regional presence
  • Financial institution code 0184, SWIFT code MIYAJPJT
  • Paid-in capital approx. 14.7 billion yen, total assets around 4.2 trillion yen
  • Maintains approx. 1,424 consolidated employees
  • Linked shareholder relations with top stakes from Fukuoka Bank and Kagoshima Bank
  • Supports regional medical institutions closely tied to aging Miyazaki Prefecture
  • Multiple renewals of online system 'MACS'

Hidden Connections

  • Shares coordinated ATM network with major Kyushu banks like Fukuoka Bank and Higo Bank
  • Provides wide-ranging financial services in one-stop through multiple affiliates
  • Deeply involved in local government operations as designated financial institution for Miyazaki Prefecture
  • Contributes to strengthening regional economic foundation through local agriculture support
  • Operates stores in Tokyo and Osaka, expanding beyond region as a regional bank
  • Financial system subsidiary develops and provides IT solutions for regional banks
  • Employee stock ownership association supports stable shareholder structure as a major stakeholder
  • Deploys personalized store brand 'Miyagin Hotto'

Future Outlook

Growth Drivers

  • Expansion of regional agriculture and environmental markets
  • Financial service innovation through digital technology adoption
  • Strengthening and expansion of retail customer base
  • Expansion of ATM network centered on Kyushu
  • Increasing demand for ESG and sustainability-related products
  • Rising needs for SME business reconstruction support
  • Growing demand for retirement funds and asset management among residents
  • Expansion of public transactions through strengthened local government ties
  • Channel expansion and increase in non-face-to-face transactions
  • Brand strengthening and trust recovery through internal control enhancements

Strategic Goals

  • Further expansion of financial functions rooted in regional economy
  • Establish leading position in environmental lending and agriculture support
  • Business efficiency through digital transformation
  • Expansion of social contribution activities in partnership with sustainable regional society
  • Strengthening revenue base through new customer acquisition and deepening existing relationships
  • Development and promotion of sustainability-oriented financial products
  • Advanced internal controls and governance
  • Service diversification through collaboration with diverse subsidiaries
  • New business creation for improved profitability
  • Improved work environment and talent development for employees

Business Segments

Regional Corporate Finance

Overview
Segment providing diverse financial support to regional SMEs, agriculture, local governments, etc.
Competitiveness
Diverse lending leveraging local ties and strengths in agriculture and environment.
Customers
  • Small and Medium Enterprises
  • Local Agricultural Corporations
  • Environmental Businesses
  • Local Governments
  • Medical Institutions
  • Educational Institutions
  • Chambers of Commerce
  • Local Organizations
Products
  • Business Loans
  • Working Capital Loans
  • Equipment Funds
  • Agriculture-Related Loans
  • Environmental Investment Loans
  • Leasing Services
  • Guarantee Services

Public and Local Government Services

Overview
Provides fund management and settlement services to local governments and public institutions.
Competitiveness
Stable transaction base built on trust with administrations.
Customers
  • Miyazaki Prefecture
  • Kagoshima Prefecture
  • Local Governments
  • Boards of Education
  • Public Project Organizations
Products
  • Fund Operations
  • Public Fund Handling
  • Public Project Loans
  • Various Settlement Services
  • Electronic Tax Payments
  • Local Bond Underwriting

Retail and High-Net-Worth Individual Finance

Overview
Offers a wide range of financial services and asset-building support to high-net-worth individuals and personal customers.
Competitiveness
Fine-tuned proposals through community-oriented approach.
Customers
  • Individual Customers
  • SME Owners
  • High-Income Groups
  • Retirees
  • Investors
Products
  • Asset Management Consulting
  • Housing Loans
  • Inheritance Planning Products
  • Insurance Products
  • Investment Trusts
  • Credit Services

Payments and Card Services

Overview
Provides diverse card services to improve payment convenience.
Competitiveness
Merchant network through regional partnerships.
Customers
  • Individual Customers
  • Regional Companies
  • Merchants
Products
  • Cash Cards
  • Credit Cards
  • Debit Cards
  • Electronic Money
  • Corporate Cards

Trust and Guarantee Services

Overview
Provides asset management and credit support through trust and guarantee services.
Competitiveness
Community-oriented trust services.
Customers
  • Individual Customers
  • Small and Medium Enterprises
  • Local Governments
Products
  • Notarial Trusts
  • Guarantee Agency Services
  • Asset Management Services

IT and System-Related Services

Overview
Provides development and operational support for financial systems through subsidiaries.
Competitiveness
Development capabilities through partnerships with regional banks.
Customers
  • Regional Banks
  • Related Financial Institutions
  • Small and Medium Enterprises
Products
  • System Development
  • Outsourcing
  • Network Construction
  • Security Solutions

Competitive Advantage

Strengths

  • Solid management rooted in the region
  • Specialized lending to agriculture and environmental sectors
  • ATM network spanning Kyushu
  • Customer base built on long-term trust
  • Service diversification through multiple subsidiaries
  • Stable financial foundation
  • Proactive retail strategy
  • Strong collaboration with regional financial institutions
  • Transparent governance as an Audit and Supervisory Committee company

Competitive Advantages

  • Strong regional brand centered in Miyazaki Prefecture
  • Specialization in agriculture and environmental lending
  • Convenience through Kyushu ATM Network partnerships
  • Customer-focused services at personalized stores 'Miyagin Hotto'
  • One-stop financial services via diverse affiliates
  • Strengths in public fund handling and local government transactions
  • Tailored lending to regional SMEs
  • Stable shareholder structure through employee stock ownership
  • Enhanced internal controls for risk management

Threats

  • Population decline and economic contraction in local areas
  • Stricter financial regulations and compliance requirements
  • Intensifying competition with other financial institutions
  • Profit pressure from prolonged low-interest environment
  • Customer loss due to delays in digital finance
  • Reputation risk from scandals
  • Economic uncertainties such as COVID-19
  • Changes in lending targets due to structural shifts in local industries
  • Shifting financial needs due to aging population
  • Market share competition with major banks outside the region

Innovations

2022: Strengthened integration with multiple ATM networks

Overview
Improved withdrawal and deposit convenience for other banks' cards via Kyushu ATM Network.
Impact
Enhanced customer convenience contributing to increased usage.

2021: Enhanced online banking functions

Overview
Improved convenience and security of internet banking.
Impact
Supported increase in non-face-to-face transactions and customer base expansion.

2023: Established local agriculture support lending program

Overview
Developed and introduced lending products for environmentally conscious farming.
Impact
Strengthened regional agriculture support and differentiation.

2024: Preparing to introduce AI-based lending review system

Overview
Aiming for faster and more accurate lending decisions using AI.
Impact
Efficiency in review operations and advanced risk management.

2020: Expanded cashless payment services

Overview
Expanded services for electronic money and debit cards.
Impact
Contributed to acquiring younger customers.

Sustainability

  • Lending support balancing regional agriculture and environmental conservation
  • Strengthened disaster support programs for local communities
  • Promotion of energy-saving and environmentally friendly stores
  • Paper resource reduction through digitalization
  • Support for sustainable regional economic development
  • Expansion of ESG investment product lineup
  • Promotion of work-life balance for employees
  • Environmental awareness activities in collaboration with local companies
  • Active contributions to regional communities
  • Financing to promote clean energy adoption