# Daishi Hokuetsu Financial Group,Inc.: 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8期(2025/04/01－2026/03/31) (S100YAX4)
> Page: https://vizora.meequs.com/en/company/daishi-hokuetsu-financial-group
> Retrieved: 2026-09-30T19:58:26.631Z

## Company

Daishi Hokuetsu Financial Group, founded in 2018, is a company in Regional Banks listed on TSE Prime. It has 3,456 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Daishi Hokuetsu Financial Group, Inc. |
| Ticker | 7327 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7327.T) |
| Listing | TSE Prime |
| Head office | 新潟市中央区東堀前通七番町1071番地1 |
| Representative (per filing) | 代表取締役社長 殖栗道郎 |
| Founded | Jun 2018 |
| Employees (consolidated) | 3,456 |
| Average salary (parent only) | ¥12.3M |
| Fiscal year end | March |
| Website | www.dhfg.co.jp (https://www.dhfg.co.jp/) |
| Corporate number | 3110001033555 |
| EDINET | E34113 |
| Industries (Vizora) | Regional Banks, Securities & Asset Management, Leasing |

> Profile source: annual securities report (S100YAX4, filed 2026-06-12). As of filing

## Key points (generated from figures)

- About 86% of Daishi Hokuetsu Financial Group's ordinary revenue comes from Banking business, with Leasing business and Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥23 is left as ordinary profit.
- Ordinary revenue changed +33.7% from the prior year, ordinary profit +48.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥260.3B |  |
| Ordinary income | ¥61.1B | Margin 23.5% |
| Net income | ¥42.1B | Margin 16.2% |
| Employees (consolidated) | 3,456 |  |
| EPS | ¥53.1 |  |
| Book value per share | ¥1222.16 |  |
| Equity ratio | 5.3% |  |
| Shares outstanding | 275,657,000 |  |
| Treasury shares | 7,998,100 |  |
| Shareholders | 39,817 |  |
| Average salary (parent only) | ¥12.3M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥143132000000 | ¥260253000000 | +81.8% |
| Employees | 3,774 people | 3,456 people | -8.4% |
| Cash and equivalents | ¥2054043000000 | ¥2024290000000 | -1.4% |

### 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 | 78.5% |
| リース業 → リース業 | 8.6% |
| リース業 → 事業再編・廃止 | 6.1% |
| 証券業 → 証券業 | 2.2% |
| 証券業 → 事業再編・廃止 | 1.7% |
| その他 → その他 | 2.9% |
| 新設・再編 → 銀行業 | 7.4% |
| 新設・再編 → その他 | 0.4% |

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 business | 5 years | +14.5% | ¥224425000000 | 25.3% | 2 |
| Leasing business | 5 years | +0.9% | ¥22354000000 | 0.2% | 2 |
| Other | 5 years | +15.3% | ¥8633000000 | 188.5% | 2 |
| Securities business | 5 years | +0.4% | ¥5863000000 | 41.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 260,253 | 100.0% | S100YAX4 |
| Ordinary expenses | 199,138 | 76.5% | S100YAX4 |
| Ordinary income | 61,115 | 23.5% | S100YAX4 |
| Extraordinary income | 288 | 0.1% | S100YAX4 |
| Extraordinary loss | 1,657 | 0.6% | S100YAX4 |
| Pretax income | 59,746 | 23.0% | S100YAX4 |
| Income tax | 17,640 | 6.8% | S100YAX4 |
| Net income | 42,106 | 16.2% | S100YAX4 |
| Net income attributable to owners | 42,103 | 16.2% | S100YAX4 |

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

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

### Margin funnel

Ordinary margin 23.5% → Net margin 16.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +33.7%; Core profit growth: +48.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.44×
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 | 194,646 | 260,253 | 65,607 | +33.7% |
| Net income attributable to owners | 29,349 | 42,103 | 12,754 | +43.5% |
| Operating cash flow | -255,788 | -496,678 | -240,890 | — |
| Free cash flow | -259,764 | -502,088 | -242,324 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2019 | 118,007 | — | — | 56,844 | -17,032 | — | S100R5BT |
| FY ending Mar 2020 | 154,698 | — | — | 12,875 | 22,883 | 12,224 | S100MODL |
| FY ending Mar 2021 | 143,132 | — | — | 10,795 | 903,597 | 895,198 | S100OFNS |
| FY ending Mar 2022 | 135,711 | — | — | 15,144 | 797,685 | 794,858 | S100R5BT |
| FY ending Mar 2023 | 148,759 | — | — | 17,768 | -338,479 | -343,798 | S100TRKG |
| FY ending Mar 2024 | 182,058 | — | — | 21,203 | 294,419 | 289,295 | S100W200 |
| FY ending Mar 2025 | 194,646 | — | — | 29,349 | -255,788 | -259,764 | S100YAX4 |
| FY ending Mar 2026 | 260,253 | — | — | 42,103 | -496,678 | -502,088 | S100YAX4 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥75.3M |
| Net income per employee (consolidated) | ¥12.2M |

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) | 3,591 | 3,463 | 3,549 | 3,504 | 3,456 |
| Average salary (parent company) | ¥11.8M | ¥11.6M | ¥12M | ¥11.8M | ¥12.3M |
| Average age (parent company) | 50.0 years | 50.7 years | 50.1 years | 47.3 years | 45.3 years |
| Average tenure (parent company) | 27.4 years | 28.1 years | 27.7 years | 24.9 years | 23.0 years |

Year over year: Employees (consolidated) -1.4% · Revenue (consolidated) +33.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking business | 224,425 | 85.9% | 56,707 | 25.3% |
| Leasing business | 22,354 | 8.6% | 46 | 0.2% |
| Securities business | 5,863 | 2.2% | 2,409 | 41.1% |
| Other | 8,633 | 3.3% | 16,274 | 188.5% |

### 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 business | 85.9% |
| Leasing business | 8.6% |
| Securities business | 2.2% |
| Other | 3.3% |

Segment → industry: Banking business → Regional Banks / Securities business → Securities & Asset Management / Leasing business → 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 | -496,678 | -190.8% | S100YAX4 |
| Capital expenditure | 5,410 | 2.1% | S100YAX4 |
| Free cash flow | -502,088 | -192.9% | 算出 |
| Investing cash flow | 389,451 | 149.6% | S100YAX4 |
| Financing cash flow | -13,527 | -5.2% | S100YAX4 |
| Dividends paid | 13,918 | 5.3% | S100YAX4 |
| Share buyback | 4 | 0.0% | S100YAX4 |
| Change in cash | -120,754 | -46.4% | S100YAX4 |
| Cash and equivalents | 2,024,290 | 777.8% | S100YAX4 |

## 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 | 9.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 5.9% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 3.6% | 2026-03-31 |
| 第四北越フィナンシャルグループ従業員持株会 | Major shareholder | 2.9% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.6% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505223（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.5% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.3% | 2026-03-31 |
| DFA INTL SMALL CAP VALUE PORTFOLIO（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.3% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.2% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.1% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第8期(2025/04/01－2026/03/31) | S100YAX4 | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YAX4,, |
| 有価証券報告書－第7期(2024/04/01－2025/03/31) | S100W200 | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W200,, |
| 有価証券報告書－第6期(2023/04/01－2024/03/31) | S100TRKG | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRKG,, |
| 有価証券報告書－第5期(2022/04/01－2023/03/31) | S100R5BT | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R5BT,, |
| 有価証券報告書－第4期(令和3年4月1日－令和4年3月31日) | S100OFNS | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFNS,, |
| 訂正有価証券報告書－第3期(令和2年4月1日－令和3年3月31日) | S100MODL | 2021-10-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MODL,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| 群馬銀行 | Alliance | 株式交換による経営統合の最終合意（対等統合） | S100YAX4 |

## 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).