Overview
Banks

The San-in Godo Bank,Ltd.

The San'in Godo Bank is a regional bank headquartered in Matsue City, Shimane Prefecture, providing core banking services including deposit-taking, lending, securities investment, and domestic and foreign exchange through its head office and 75 branch locations. The Bank serves the San'in region (Shimane and Tottori prefectures) as its primary market, complemented by subsidiaries engaged in leasing (Gougin Lease), credit card services (Gougin Credit), credit guarantees (Gougin Hosho), and energy services (Gougin Energy). The Group maintains an international presence through representative offices in Shanghai and Bangkok to support clients with cross-border business needs.

Market Cap
¥302B
US$1.93B
EV
¥—B
Stock¥2,019▼-3.72%
US$1 = ¥156.80 (2026-10-23)
ROE
8.0%
* LTM NI / end-of-period equity
PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+28.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
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Performance & Balance
Revenue 5Y (¥B)
95.1US$607M'22/3113US$719M'23/3120US$766M'24/3135US$863M'25/3167US$1.07B'26/3
Net Income 5Y (¥B)
14.5US$92.4M'22/315.5US$98.6M'23/316.8US$107M'24/318.7US$119M'25/322.7US$145M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
773US$4.93B'22/3820US$5.23B'23/3885US$5.64B'24/31,220US$7.78B0.37US$2.37M'25/31,630US$10.4B0.35US$2.23M'26/3
Shareholders
Top 10 hold 32.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.14%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.99%
3
Nippon Life Insurance Company
2.68%
4
The San-in Godo Bank,Ltd. Employee Stock Ownership Association
2.31%
5
Meiji Yasuda Life Insurance Company
2.00%
6
Sumitomo Life Insurance Company
1.97%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.39%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.29%
9
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.17%
10
Goodhill Co., Ltd.
1.03%
Management
13 officers
Toru YAMASAKI
Representative Director, Chairman
Apr 1982 Joined the Bank Jun 2006 Branch Manager, Yonago Nishi Branch Jun 2009 General Manager, Business Planning Department Jun 2012 Executive Officer, General Manager, Corporate Planning Department Jun 2014 Managing Executive Officer Jun 2015 Director, Senior Managing Executive Officer Jun 2018 Director, Deputy President, Executive Officer Jun 2020 Director, President Apr 2025 Director, Chairman (current)
1958-08-20
Hiroshi YOSHIKAWA
Director, President (Representative Director)
Apr 1989 Joined the Bank Apr 2008 Deputy General Manager, Yonago Branch Jul 2009 Branch Manager, Himeji Branch Oct 2012 Branch Manager, Hanshin Kita Branch Jun 2015 Branch Manager, Okayama Branch Jul 2017 Branch Manager, Yonago Branch Jun 2019 Executive Officer, Branch Manager, Yonago Branch Jun 2020 Executive Officer, General Manager, Sanyo Sales Headquarters Jun 2021 Managing Executive Officer, General Manager, Sanyo Sales Headquarters Jun 2022 Director, Managing Executive Officer Apr 2023 Director, Senior Managing Executive Officer Apr 2025 Director, President (current)
1966-02-23
Sawako YOSHIOKA
Director, Senior Managing Executive Officer (Representative Director)
Apr 1987 Joined the Bank Apr 2013 Research Officer, Customer Service Department Jun 2013 Branch Manager, Fussa Branch Office Jun 2015 Branch Manager, Koshihara Branch Aug 2018 Branch Manager, Yonago Nishi Branch Jun 2020 Branch Manager, Yonago Branch Jun 2022 Executive Officer, General Manager, Yonago Sales Headquarters Apr 2024 Senior Managing Executive Officer, General Manager, Tottori Sales Headquarters Jun 2024 Director, Senior Managing Executive Officer, General Manager, Tottori Sales Headquarters (current)
1967-02-10
Hirohisa IKUTA
Director, Senior Managing Executive Officer
Apr 1989 Joined the Bank Jul 2011 Deputy General Manager, Tottori Sales Department Jun 2013 Branch Manager, Matsue Ekimae Branch Jun 2015 Branch Manager, Kakogawa Branch Jun 2017 Branch Manager, Kobe Branch Jun 2019 Executive Officer, Branch Manager, Kobe Branch Jun 2020 Executive Officer, General Manager, Risk Management Department Oct 2021 Executive Officer, General Manager, DX Promotion Headquarters Jun 2022 Managing Executive Officer, General Manager, DX Promotion Headquarters Apr 2024 Senior Managing Executive Officer, General Manager, DX Promotion Headquarters Jun 2024 Director, Senior Managing Executive Officer, General Manager, DX Promotion Headquarters Apr 2026 Director, Senior Managing Executive Officer, General Manager, Management Administration Headquarters (current)
1965-08-24
Yasuyuki KURATO
Director
Apr 1979 Joined The Bank of Tokyo, Ltd. (now MUFG Bank, Ltd.) Apr 1996 Managing Director, Bankers Trust Jun 1997 Managing Director, Chase Manhattan Bank Jun 1998 Tokyo Representative (concurrently), Chase Securities Japan Ltd. Apr 2001 Representative Director, Research and Pricing Technology Co., Ltd. (current) Feb 2007 Executive Officer, Industrial Fund Investment Corporation Mar 2007 Outside Audit & Supervisory Board Member, Central Tanshi FX Co., Ltd. (current) Apr 2015 Senior Fellow, International Economic Research Institute Co., Ltd. (current) Jun 2018 Director of the Bank (current) Nov 2022 Outside Director, Esporia Inc.
1955-06-23
Yasuhiro GOTO
Director
Apr 1984 Joined Nihon Keizai Shimbun, Inc. Sep 1988 Posted to Bahrain Bureau Jan 1990 Posted to European Bureau (London) Sep 1992 Industry Department, Tokyo Head Office Sep 1997 Posted to China Bureau (Beijing) Sep 2000 Editorial Writer, Industry Department, Tokyo Head Office Mar 2002 Editorial Writer and Caster, Nikkei CNBC Dec 2004 Performance Evaluation Committee Member, Japan Oil, Gas and Metals National Corporation (JOGMEC) (current) Apr 2005 Director, All Japan Petroleum Association (current) Mar 2008 General Manager, Asia Department, Editorial Division, Tokyo Head Office, Nihon Keizai Shimbun, Inc. Apr 2010 Editorial Writer, Nihon Keizai Shimbun, Inc. Apr 2016 Professor, Faculty of Sociology / Faculty of Urban Creation, Asia University (current) Jun 2017 Outside Audit & Supervisory Board Member, Foster Electric Co., Ltd. Jun 2020 Outside Director, Foster Electric Co., Ltd. Jun 2021 Director of the Bank (current) Dec 2021 Adviser, Ando Corporation
1958-09-18
Mamiko NAKAMURA
Director (Audit and Supervisory Committee Member)
Apr 1986 Joined the Bank Apr 2010 Branch Manager, Kunibiki Branch Office Apr 2013 Examination Officer, Credit Examination Department Jul 2013 Branch Manager, Naoe Branch Feb 2016 Branch Manager, Shimane Medical University-dori Branch Jun 2018 General Manager, Customer Service Department Jun 2019 General Manager, Human Resources Department Jun 2021 Director (Audit and Supervisory Committee Member) (current)
1967-04-21
Ryoko KOTO
Director (Audit and Supervisory Committee Member)
Apr 1991 Joined the Bank Apr 2018 Deputy Branch Manager, Kencho Branch Jul 2020 Branch Manager, Shajitsu Branch Office Nov 2022 Deputy Branch Manager, Shimadaimae Branch Dec 2022 Branch Manager, Shimadaimae Branch Apr 2024 General Manager, Audit and Supervisory Committee Office Jun 2025 Director (Audit and Supervisory Committee Member) (current)
1970-09-23
Tomoaki SEKO
Director (Audit and Supervisory Committee Member), Outside
Oct 1992 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Apr 2006 Registered as attorney-at-law (Tottori Bar Association); joined Tottori Himawari Fund Law Office (now Tottori Aozora Law Office) (current) Jan 2007 Registered as Certified Public Accountant Mar 2014 Outside Audit & Supervisory Board Member, Nihon Ceramic Co., Ltd. Mar 2016 Outside Director (Audit and Supervisory Committee Member), Nihon Ceramic Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member, Tottori Airport Building Co., Ltd. Jun 2021 Director (Audit and Supervisory Committee Member) of the Bank (current)
1971-02-15
Wakae MOTOI
Director
Apr 1987 Joined Arthur Andersen (now Accenture K.K.) Sep 1997 Senior Manager, Accenture K.K. Sep 2000 Executive Partner (Public Services & Healthcare Division), Accenture K.K. Apr 2011 Director, NPO GEWEL Apr 2011 Independent consultant in diversity promotion and women's career advancement support (current) Sep 2019 Special Secretary to the Mayor, Yokohama City Jun 2022 Director of the Bank (current)
1963-07-28
Graeme David NAUD
Director
Sep 1997 Analyst, Bank of England Jun 1998 Analyst, Financial Services Agency (UK) Mar 1999 Associate, Standard & Poor's Japan K.K. Nov 2000 Director, UBS Securities Japan Ltd. Sep 2005 Manager, Bank for International Settlements (BIS) Jul 2006 Vice President, CLSA Securities Japan Ltd. Jun 2008 Executive Director, Morgan Stanley MUFG Securities Co., Ltd. Jun 2012 Managing Director, Moody's Japan K.K. Sep 2018 Managing Director, Moody's Investors Service (now Moody's Ratings) Singapore Jun 2023 President and Representative Director, Naud Advisory Co., Ltd. (current) Jun 2024 Director of the Bank (current)
1969-05-03
Hiroshi OMORI
Director (Audit and Supervisory Committee Member), Outside
Dec 2005 Joined Chuo Aoyama Audit Corporation, Hiroshima Office Aug 2007 Joined Azusa Audit LLC (now EY ShinNihon LLC), Hiroshima Office Oct 2022 Representative, Hiroshi Omori Certified Public Accountant Office (current) Oct 2022 Representative Director, Omori Accounting Office Co., Ltd. (current) Dec 2022 Representative, Hiroshi Omori Tax Accountant Office (current) Jun 2025 Director (Audit and Supervisory Committee Member) of the Bank (current) Jun 2025 Auditor, Shimane Industrial Promotion Foundation (current)
1974-06-24
Kayo HASHIZAWA
Director (Audit and Supervisory Committee Member), Outside
Dec 2009 Registered as attorney-at-law (Daini Tokyo Bar Association) Apr 2015 Joined Yasuda, Hayashi & Mizuta Law Office (Tottori Bar Association) Jul 2019 Joined Yonago Higashimachi Law Office Jul 2022 Registered as attorney-at-law in New York State Jun 2023 Established Yonago Higashimachi Law Office LPC; Partner (current) Jun 2026 Scheduled to assume office as Director (Audit and Supervisory Committee Member) of the Bank
1977-08-07
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-23
Forecast Revision
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-16
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-21
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-06-25
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-22
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2024-02-09
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2024-02-09
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2024-02-09
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-02-09
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINET
2023-11-22
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-22
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-24
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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