GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Toho Bank Ltd (TSE:8346) » Definitions » Altman Z-Score

Toho Bank (TSE:8346) Altman Z-Score


View and export this data going back to 1973. Start your Free Trial

What is Toho Bank Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.


Toho Bank Business Description

Traded in Other Exchanges
N/A
Address
3-25, Ohmachi, Fukushima, JPN, 960-8633
Toho Bank Ltd is a Japanese regional commercial bank group operating in the Fukushima prefecture of the island nation. The group consists of a bank and seven subsidiaries, which provide banking, leasing, credit card, and credit guaranteeing services. The banking business consists of money transfer, lending, foreign exchange services, and associate businesses. Most of the group's earnings assets are in loans and bill discounted, followed by securities. Net interest income and fees and commissions income generate most of the group's income.