# The Bank of Iwate,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144期(2025/04/01－2026/03/31) (S100YD6A)
> Page: https://vizora.meequs.com/en/company/bank-of-iwate
> Retrieved: 2026-09-30T20:40:39.333Z

## Company

The Bank of Iwate, founded in 1932, is a company in Regional Banks listed on TSE Prime. It has 1,365 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Bank of Iwate, Ltd. |
| Ticker | 8345 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8345.T) |
| Listing | TSE Prime |
| Head office | 岩手県盛岡市中央通一丁目2番3号 |
| Representative (per filing) | 取締役頭取 岩山徹 |
| Founded | May 1932 |
| Employees (consolidated) | 1,365 |
| Average salary (parent only) | ¥7.1M |
| Fiscal year end | March |
| Website | www.iwatebank.co.jp (https://www.iwatebank.co.jp/) |
| Corporate number | 7400001000423 |
| EDINET | E03543 |
| Industries (Vizora) | Regional Banks, Credit Cards & Consumer Credit, Leasing |

> Profile source: annual securities report (S100YD6A, filed 2026-06-18). As of filing

## Key points (generated from figures)

- About 92% of The Bank of Iwate's ordinary revenue comes from Banking, with Leasing and Credit card and Credit guarantee making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥17 is left as ordinary profit.
- Ordinary revenue changed +57.6% from the prior year, ordinary profit +31.4%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥77.5B |  |
| Ordinary income | ¥12.9B | Margin 16.6% |
| Net income | ¥8.92B | Margin 11.5% |
| Employees (consolidated) | 1,365 |  |
| EPS | ¥130.2 |  |
| Diluted EPS | ¥129.92 |  |
| Book value per share | ¥2675.15 |  |
| Equity ratio | 4.9% |  |
| Shares outstanding | 18,497,000 |  |
| Treasury shares | 1,060,300 |  |
| Shareholders | 8,948 |  |
| Average salary (parent only) | ¥7.1M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 2.5× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥45318000000 | ¥77495000000 | +71.0% |
| Employees | 1,518 people | 1,365 people | -10.1% |
| Cash and equivalents | ¥636320000000 | ¥387606000000 | -39.1% |

### 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 | 87.4% |
| リース業 → リース業 | 6.2% |
| リース業 → 事業再編・廃止 | 3.3% |
| クレジットカード業・信用保証業 → クレジットカード業・信用保証業 | 0.9% |
| クレジットカード業・信用保証業 → 事業再編・廃止 | 2.0% |
| その他 → その他 | 0.3% |
| 新設・再編 → 銀行業 | 4.7% |
| 新設・再編 → その他 | 0.6% |

Segment revenue source references: 8 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Banking | 5 years | +12.3% | ¥71358000000 | 17.8% | 2 |
| Leasing | 5 years | +2.1% | ¥4771000000 | 2.9% | 2 |
| Credit card and Credit guarantee | 5 years | -11.6% | ¥710000000 | -5.2% | 2 |
| Other | 5 years | +35.7% | ¥699000000 | 21.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 77,495 | 100.0% | S100YD6A |
| Ordinary expenses | 64,644 | 83.4% | S100YD6A |
| Ordinary income | 12,851 | 16.6% | S100YD6A |
| Extraordinary income | 1 | 0.0% | S100YD6A |
| Extraordinary loss | 62 | 0.1% | S100YD6A |
| Pretax income | 12,790 | 16.5% | S100YD6A |
| Income tax | 3,870 | 5.0% | S100YD6A |
| Net income | 8,919 | 11.5% | S100YD6A |
| Net income attributable to owners | 8,919 | 11.5% | S100YD6A |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 83 |
| Ordinary income | 17 |
| (Ref.) Net income | 12 |

### Margin funnel

Ordinary margin 16.6% → Net margin 11.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +57.6%; Core profit growth: +31.4%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.55×
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 | 49,178 | 77,495 | 28,317 | +57.6% |
| Net income attributable to owners | 6,976 | 8,919 | 1,943 | +27.9% |
| Operating cash flow | -152,428 | 22,572 | 175,000 | — |
| Free cash flow | -153,537 | 21,188 | 174,725 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 45,867 | — | — | 10,152 | 120,621 | — | S100LLVM |
| FY ending Mar 2018 | 47,168 | — | — | 5,523 | -56,002 | — | S100OC0Q |
| FY ending Mar 2019 | 48,520 | — | — | 4,186 | -72,957 | — | S100R1KT |
| FY ending Mar 2020 | 45,244 | — | — | 3,784 | -19,885 | -21,905 | S100LLVM |
| FY ending Mar 2021 | 45,318 | — | — | 2,896 | 240,018 | 238,250 | S100OC0Q |
| FY ending Mar 2022 | 44,279 | — | — | 4,126 | 43,234 | 40,364 | S100R1KT |
| FY ending Mar 2023 | 47,591 | — | — | 5,381 | -111,700 | -112,689 | S100TSX1 |
| FY ending Mar 2024 | 43,886 | — | — | 4,225 | -33,944 | -35,247 | S100W0HK |
| FY ending Mar 2025 | 49,178 | — | — | 6,976 | -152,428 | -153,537 | S100YD6A |
| FY ending Mar 2026 | 77,495 | — | — | 8,919 | 22,572 | 21,188 | S100YD6A |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥56.8M |
| Net income per employee (consolidated) | ¥6.5M |

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) | 1,495 | 1,391 | 1,366 | 1,357 | 1,365 |
| Average salary (parent company) | ¥6.3M | ¥6.3M | ¥6.6M | ¥6.9M | ¥7.1M |
| Average age (parent company) | 39.3 years | 39.8 years | 40.1 years | 40.3 years | 40.5 years |
| Average tenure (parent company) | 16.2 years | 16.7 years | 16.9 years | 18.1 years | 18.1 years |

Year over year: Employees (consolidated) +0.6% · Revenue (consolidated) +57.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 71,358 | 92.0% | 12,713 | 17.8% |
| Leasing | 4,771 | 6.2% | 139 | 2.9% |
| Credit card and Credit guarantee | 710 | 0.9% | -37 | -5.2% |
| Other | 699 | 0.9% | 147 | 21.0% |

### 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 | 92.0% |
| Leasing | 6.2% |
| Credit card and Credit guarantee | 0.9% |
| Other | 0.9% |

Segment → industry: Banking → Regional Banks / Credit card and Credit guarantee → Credit Cards & Consumer Credit / 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 | 22,572 | 29.1% | S100YD6A |
| Capital expenditure | 1,384 | 1.8% | S100YD6A |
| Free cash flow | 21,188 | 27.3% | 算出 |
| Investing cash flow | 49,671 | 64.1% | S100YD6A |
| Financing cash flow | -2,677 | -3.5% | S100YD6A |
| Dividends paid | 2,806 | 3.6% | S100YD6A |
| Share buyback | 3 | 0.0% | S100YD6A |
| Change in cash | 69,566 | 89.8% | S100YD6A |
| Cash and equivalents | 387,606 | 500.2% | S100YD6A |

## 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 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.2% | 2026-03-31 |
| QRファンド投資事業有限責任組合 | Major shareholder | 4.0% | 2026-03-31 |
| 岩手県企業局 | Major shareholder | 3.5% | 2026-03-31 |
| 岩手銀行行員持株会 | Major shareholder | 3.4% | 2026-03-31 |
| 岩手県 | Major shareholder | 3.3% | 2026-03-31 |
| 株式会社十文字チキンカンパニー | Major shareholder | 2.6% | 2026-03-31 |
| BNYMSANV RE BNYMIL RE WS ZENNOR JAPAN EQUITY INCOME FUND （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 2.6% | 2026-03-31 |
| 明治安田生命保険相互会社（常任代理人 株式会社日本カストディ銀行） | Major shareholder | 1.9% | 2026-03-31 |
| 野村證券株式会社 | Major shareholder | 1.8% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第144期(2025/04/01－2026/03/31) | S100YD6A | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YD6A,, |
| 有価証券報告書－第143期(2024/04/01－2025/03/31) | S100W0HK | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0HK,, |
| 有価証券報告書－第142期(2023/04/01－2024/03/31) | S100TSX1 | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSX1,, |
| 有価証券報告書－第141期(2022/04/01－2023/03/31) | S100R1KT | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1KT,, |
| 有価証券報告書－第140期(令和3年4月1日－令和4年3月31日) | S100OC0Q | 2022-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OC0Q,, |
| 有価証券報告書－第139期(令和2年4月1日－令和3年3月31日) | S100LLVM | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LLVM,, |

## 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).