# The Awa Bank,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第214期(2025/04/01－2026/03/31) (S100YAMP)
> Page: https://vizora.meequs.com/en/company/awa-bank
> Retrieved: 2026-09-30T23:17:21.158Z

## Company

The Awa Bank, founded in 1896, is a company in Regional Banks listed on TSE Prime. It has 1,410 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Awa Bank,Ltd. |
| Ticker | 8388 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8388.T) |
| Listing | TSE Prime |
| Head office | 徳島県徳島市西船場町二丁目24番地の1 |
| Representative (per filing) | 取締役頭取 福永丈久 |
| Founded | Jun 1896 |
| Employees (consolidated) | 1,410 |
| Average salary (parent only) | ¥7.4M |
| Fiscal year end | March |
| Website | www.awabank.co.jp (https://www.awabank.co.jp/) |
| Corporate number | 5480001000070 |
| EDINET | E03587 |
| Industries (Vizora) | Regional Banks, Leasing |

> Profile source: annual securities report (S100YAMP, filed 2026-06-12). As of filing

## Key points (generated from figures)

- About 81% of The Awa Bank's ordinary revenue comes from Banking, with Leasing making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥23 is left as ordinary profit.
- Ordinary revenue changed +20.8% from the prior year, ordinary profit +22.2%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥95.4B |  |
| Ordinary income | ¥21.8B | Margin 22.9% |
| Net income | ¥15.5B | Margin 16.3% |
| Employees (consolidated) | 1,410 |  |
| EPS | ¥394.87 |  |
| Book value per share | ¥9985.43 |  |
| Equity ratio | 9.6% |  |
| Shares outstanding | 40,000,000 |  |
| Treasury shares | 305,800 |  |
| Shareholders | 12,588 |  |
| Average salary (parent only) | ¥7.4M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥65587000000 | ¥95363000000 | +45.4% |
| Employees | 1,334 people | 1,410 people | +5.7% |
| Cash and equivalents | ¥631227000000 | ¥345180000000 | -45.3% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 銀行業 → 銀行業 | 77.4% |
| リース業 → リース業 | 18.9% |
| リース業 → 事業再編・廃止 | 3.7% |
| 新設・再編 → 銀行業 | 3.7% |

Segment revenue source references: 4 (derived)

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 95,363 | 100.0% | S100YAMP |
| Ordinary expenses | 73,537 | 77.1% | S100YAMP |
| Ordinary income | 21,825 | 22.9% | S100YAMP |
| Extraordinary income | 57 | 0.1% | S100YAMP |
| Extraordinary loss | 85 | 0.1% | S100YAMP |
| Pretax income | 21,796 | 22.9% | S100YAMP |
| Income tax | 6,269 | 6.6% | S100YAMP |
| Net income | 15,527 | 16.3% | S100YAMP |
| Net income attributable to owners | 15,527 | 16.3% | S100YAMP |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 77 |
| Ordinary income | 23 |
| (Ref.) Net income | 16 |

### Margin funnel

Ordinary margin 22.9% → Net margin 16.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +20.8%; Core profit growth: +22.2%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.07×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 78,964 | 95,363 | 16,399 | +20.8% |
| Net income attributable to owners | 13,202 | 15,527 | 2,325 | +17.6% |
| Operating cash flow | 28,212 | 13,580 | -14,632 | -51.9% |
| Free cash flow | 25,116 | 10,488 | -14,628 | -58.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 69,128 | — | — | 12,474 | -14,172 | — | S100LSM8 |
| FY ending Mar 2018 | 68,051 | — | — | 11,863 | 73,047 | — | S100OF57 |
| FY ending Mar 2019 | 70,323 | — | — | 10,958 | -1,846 | — | S100R5LP |
| FY ending Mar 2020 | 67,374 | — | — | 11,160 | 25,053 | 19,238 | S100LSM8 |
| FY ending Mar 2021 | 65,587 | — | — | 8,498 | 301,556 | 299,298 | S100OF57 |
| FY ending Mar 2022 | 67,938 | — | — | 11,112 | 96,672 | 92,460 | S100R5LP |
| FY ending Mar 2023 | 88,081 | — | — | 10,207 | -321,755 | -325,748 | S100TTT6 |
| FY ending Mar 2024 | 76,107 | — | — | 11,263 | -31,464 | -34,566 | S100W01T |
| FY ending Mar 2025 | 78,964 | — | — | 13,202 | 28,212 | 25,116 | S100YAMP |
| FY ending Mar 2026 | 95,363 | — | — | 15,527 | 13,580 | 10,488 | S100YAMP |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥67.6M |
| Net income per employee (consolidated) | ¥11M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 1,327 | 1,338 | 1,332 | 1,374 | 1,410 |
| Average salary (parent company) | ¥6.4M | ¥6.7M | ¥7M | ¥7.4M | ¥7.4M |
| Average age (parent company) | 41.9 years | 42.3 years | 42.8 years | 43.1 years | 43.0 years |
| Average tenure (parent company) | 18.7 years | 18.9 years | 19.3 years | 19.2 years | 19.1 years |

Year over year: Employees (consolidated) +2.6% · Revenue (consolidated) +20.8%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 77,332 | 81.1% | 21,562 | 27.9% |
| Leasing | 18,030 | 18.9% | 803 | 4.5% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share |
| --- | ---: |
| Banking | 81.1% |
| Leasing | 18.9% |

Segment → industry: Banking → Regional Banks / Leasing → Leasing

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 13,580 | 14.2% | S100YAMP |
| Capital expenditure | 3,092 | 3.2% | S100YAMP |
| Free cash flow | 10,488 | 11.0% | 算出 |
| Investing cash flow | -62,941 | -66.0% | S100YAMP |
| Financing cash flow | -6,885 | -7.2% | S100YAMP |
| Dividends paid | 4,385 | 4.6% | S100YAMP |
| Share buyback | 2,502 | 2.6% | S100YAMP |
| Change in cash | -56,242 | -59.0% | S100YAMP |
| Cash and equivalents | 345,180 | 362.0% | S100YAMP |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 8.3% | 2026-03-31 |
| 株式会社大塚製薬工場 | Major shareholder | 4.0% | 2026-03-31 |
| 阿波銀グループ職員持株会 | Major shareholder | 3.0% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.9% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.6% | 2026-03-31 |
| 大塚製薬株式会社 | Major shareholder | 2.3% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 2.3% | 2026-03-31 |
| 大昭興業株式会社 | Major shareholder | 2.1% | 2026-03-31 |
| 日亜化学工業株式会社 | Major shareholder | 2.0% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第214期(2025/04/01－2026/03/31) | S100YAMP | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YAMP,, |
| 有価証券報告書－第213期(2024/04/01－2025/03/31) | S100W01T | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W01T,, |
| 有価証券報告書－第212期(2023/04/01－2024/03/31) | S100TTT6 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTT6,, |
| 有価証券報告書－第211期(2022/04/01－2023/03/31) | S100R5LP | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R5LP,, |
| 有価証券報告書－第210期(令和3年4月1日－令和4年3月31日) | S100OF57 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OF57,, |
| 有価証券報告書－第209期(令和2年4月1日－令和3年3月31日) | S100LSM8 | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSM8,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).