# The Ehime 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122期(2025/04/01－2026/03/31) (S100YENS)
> Page: https://vizora.meequs.com/en/company/ehime-bank
> Retrieved: 2026-09-30T22:13:32.428Z

## Company

The Ehime Bank, founded in 1923, is a company in Regional Banks listed on TSE Prime. It has 1,350 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Ehime Bank, Ltd. |
| Ticker | 8541 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8541.T) |
| Listing | TSE Prime |
| Head office | 愛媛県松山市勝山町2丁目1番地 |
| Representative (per filing) | 頭取 西川義教 |
| Founded | Aug 1923 |
| Employees (consolidated) | 1,350 |
| Average salary (parent only) | ¥6.6M |
| Fiscal year end | March |
| Website | www.himegin.co.jp (https://www.himegin.co.jp/) |
| Corporate number | 2500001000005 |
| EDINET | E03663 |
| Industries (Vizora) | Regional Banks, Leasing |

> Profile source: annual securities report (S100YENS, filed 2026-06-19). As of filing

## Key points (generated from figures)

- About 92% of The Ehime Bank's ordinary revenue comes from Banking, with Leasing and Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥16 is left as ordinary profit.
- Ordinary revenue changed +3.6% from the prior year, ordinary profit +36.1%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥68.5B |  |
| Ordinary income | ¥10.7B | Margin 15.6% |
| Net income | ¥7.21B | Margin 10.5% |
| Employees (consolidated) | 1,350 |  |
| EPS | ¥171.27 |  |
| Book value per share | ¥3437.58 |  |
| Equity ratio | 4.7% |  |
| Shares outstanding | 39,426,000 |  |
| Treasury shares | 148,500 |  |
| Shareholders | 10,799 |  |
| Average salary (parent only) | ¥6.6M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 13.0× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥43045000000 | ¥68517000000 | +59.2% |
| Employees | 1,406 people | 1,350 people | -4.0% |
| Cash and equivalents | ¥286016000000 | ¥343927000000 | +20.2% |

### 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 | 88.9% |
| リース業 → リース業 | 5.4% |
| リース業 → 事業再編・廃止 | 3.4% |
| その他 → その他 | 2.3% |
| 新設・再編 → 銀行業 | 2.7% |
| 新設・再編 → その他 | 0.7% |

Segment revenue source references: 6 (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 | +10.4% | ¥62764000000 | 15.8% | 2 |
| Leasing | 5 years | -0.6% | ¥3678000000 | 3.5% | 2 |
| Other | 5 years | +16.1% | ¥2075000000 | 31.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 68,517 | 100.0% | S100YENS |
| Ordinary expenses | 57,852 | 84.4% | S100YENS |
| Ordinary income | 10,665 | 15.6% | S100YENS |
| Extraordinary income | 7 | 0.0% | S100YENS |
| Extraordinary loss | 262 | 0.4% | S100YENS |
| Pretax income | 10,411 | 15.2% | S100YENS |
| Income tax | 3,176 | 4.6% | S100YENS |
| Net income | 7,234 | 10.6% | S100YENS |
| Net income attributable to owners | 7,212 | 10.5% | S100YENS |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 84 |
| Ordinary income | 16 |
| (Ref.) Net income | 11 |

### Margin funnel

Ordinary margin 15.6% → Net margin 10.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +3.6%; Core profit growth: +36.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 10.08×
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 | 66,146 | 68,517 | 2,371 | +3.6% |
| Net income attributable to owners | 5,715 | 7,212 | 1,497 | +26.2% |
| Operating cash flow | 44,113 | 94,085 | 49,972 | +113.3% |
| Free cash flow | 42,525 | 92,649 | 50,124 | +117.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 42,063 | — | — | 5,449 | 100,456 | — | S100LSF1 |
| FY ending Mar 2018 | 44,965 | — | — | 6,102 | -27,450 | — | S100OIT6 |
| FY ending Mar 2019 | 46,236 | — | — | 5,560 | 21,340 | — | S100R9PU |
| FY ending Mar 2020 | 47,821 | — | — | 5,668 | 22,507 | 20,566 | S100LSF1 |
| FY ending Mar 2021 | 43,045 | — | — | 5,447 | 38,895 | 37,913 | S100OIT6 |
| FY ending Mar 2022 | 42,224 | — | — | 5,779 | 84,608 | 82,333 | S100R9PU |
| FY ending Mar 2023 | 52,127 | — | — | 5,391 | -74,618 | -76,841 | S100TU61 |
| FY ending Mar 2024 | 65,163 | — | — | 5,055 | -24,969 | -28,299 | S100W2BD |
| FY ending Mar 2025 | 66,146 | — | — | 5,715 | 44,113 | 42,525 | S100YENS |
| FY ending Mar 2026 | 68,517 | — | — | 7,212 | 94,085 | 92,649 | S100YENS |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥50.8M |
| Net income per employee (consolidated) | ¥5.3M |

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) | 1,374 | 1,346 | 1,342 | 1,340 | 1,350 |
| Average salary (parent company) | ¥6.1M | ¥6.3M | ¥6.4M | ¥6.5M | ¥6.6M |
| Average age (parent company) | 39.2 years | 39.5 years | 39.6 years | 39.2 years | 38.8 years |
| Average tenure (parent company) | 16.2 years | 16.3 years | 16.5 years | 16.0 years | 15.8 years |

Year over year: Employees (consolidated) +0.7% · Revenue (consolidated) +3.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 62,764 | 91.6% | 9,887 | 15.8% |
| Leasing | 3,678 | 5.4% | 130 | 3.5% |
| Other | 2,075 | 3.0% | 650 | 31.3% |

### 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 | 91.6% |
| Leasing | 5.4% |
| Other | 3.0% |

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 | 94,085 | 137.3% | S100YENS |
| Capital expenditure | 1,436 | 2.1% | S100YENS |
| Free cash flow | 92,649 | 135.2% | 算出 |
| Investing cash flow | -16,823 | -24.6% | S100YENS |
| Financing cash flow | -1,303 | -1.9% | S100YENS |
| Dividends paid | 1,335 | 1.9% | S100YENS |
| Share buyback | 1 | 0.0% | S100YENS |
| Change in cash | 75,958 | 110.9% | S100YENS |
| Cash and equivalents | 343,927 | 502.0% | S100YENS |

## 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 | 7.7% | 2026-03-31 |
| 株式会社日本カストディ銀行 （信託口） | Major shareholder | 3.7% | 2026-03-31 |
| 愛媛銀行行員持株会 | Major shareholder | 3.2% | 2026-03-31 |
| 株式会社伊予鉄グループ | Major shareholder | 2.9% | 2026-03-31 |
| 大王海運株式会社 | Major shareholder | 2.5% | 2026-03-31 |
| 大王製紙株式会社 | Major shareholder | 1.9% | 2026-03-31 |
| 東京紙パルプ交易株式会社 | Major shareholder | 1.9% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.5% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781（常任代理人 みずほ銀行決済営業部） | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社大和証券グループ本社 | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第122期(2025/04/01－2026/03/31) | S100YENS | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YENS,, |
| 有価証券報告書－第121期(2024/04/01－2025/03/31) | S100W2BD | 2025-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2BD,, |
| 有価証券報告書－第120期(2023/04/01－2024/03/31) | S100TU61 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TU61,, |
| 有価証券報告書－第119期(2022/04/01－2023/03/31) | S100R9PU | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9PU,, |
| 有価証券報告書－第118期(令和3年4月1日－令和4年3月31日) | S100OIT6 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIT6,, |
| 有価証券報告書－第117期(令和2年4月1日－令和3年3月31日) | S100LSF1 | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSF1,, |

## 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).