# THE FIRST BANK OF TOYAMA, 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115期(2025/04/01－2026/03/31) (S100YCB2)
> Page: https://vizora.meequs.com/en/company/first-bank-of-toyama
> Retrieved: 2026-09-30T20:46:40.125Z

## Company

THE First Bank of Toyama, founded in 1944, is a company in Regional Banks listed on TSE Prime. It has 623 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | THE FIRST BANK OF TOYAMA,LTD. |
| Ticker | 7184 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7184.T) |
| Listing | TSE Prime |
| Head office | 富山市西町5番1号 |
| Representative (per filing) | 取締役頭取 野村 充 |
| Founded | Oct 1944 |
| Employees (consolidated) | 623 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | March |
| Website | www.first-bank.co.jp (https://www.first-bank.co.jp/) |
| Corporate number | 8230001002106 |
| EDINET | E03646 |
| Industries (Vizora) | Regional Banks, Credit Cards & Consumer Credit, Leasing |

> Profile source: annual securities report (S100YCB2, filed 2026-06-19). As of filing

## Key points (generated from figures)

- About 85% of THE First Bank of Toyama's ordinary revenue comes from Banking services, with Leasing business and Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥39 is left as ordinary profit.
- Ordinary revenue changed +9.6% from the prior year, ordinary profit +10.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥53.1B |  |
| Ordinary income | ¥21B | Margin 39.5% |
| Net income | ¥15.1B | Margin 28.3% |
| Employees (consolidated) | 623 |  |
| EPS | ¥234.59 |  |
| Book value per share | ¥2963.94 |  |
| Equity ratio | 11.7% |  |
| Shares outstanding | 64,309,000 |  |
| Treasury shares | 1,459,000 |  |
| Shareholders | 7,722 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥29475000000 | ¥53147000000 | +80.3% |
| Employees | 673 people | 623 people | -7.4% |
| Cash and equivalents | ¥73549000000 | ¥80220000000 | +9.1% |

### 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 | 82.3% |
| リース業 → リース業 | 11.4% |
| リース業 → 事業再編・廃止 | 4.0% |
| その他 → その他 | 2.3% |
| 新設・再編 → 銀行業 | 3.1% |
| 新設・再編 → その他 | 0.9% |

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 services | 5 years | +13.4% | ¥45410000000 | 44.8% | 2 |
| Leasing business | 5 years | +5.9% | ¥6049000000 | 1.8% | 2 |
| Other | 5 years | +20.2% | ¥1688000000 | 59.5% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 53,147 | 100.0% | S100YCB2 |
| Ordinary expenses | 32,158 | 60.5% | S100YCB2 |
| Ordinary income | 20,989 | 39.5% | S100YCB2 |
| Extraordinary income | 1 | 0.0% | S100YCB2 |
| Extraordinary loss | 0 | 0.0% | S100YCB2 |
| Pretax income | 20,991 | 39.5% | S100YCB2 |
| Income tax | 5,935 | 11.2% | S100YCB2 |
| Net income | 15,055 | 28.3% | S100YCB2 |
| Net income attributable to owners | 15,055 | 28.3% | S100YCB2 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 61 |
| Ordinary income | 39 |
| (Ref.) Net income | 28 |

### Margin funnel

Ordinary margin 39.5% → Net margin 28.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +9.6%; Core profit growth: +10.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.12×
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 | 48,513 | 53,147 | 4,634 | +9.6% |
| Net income attributable to owners | 13,354 | 15,055 | 1,701 | +12.7% |
| Operating cash flow | 3,353 | 17,740 | 14,387 | +429.1% |
| Free cash flow | 1,057 | 17,327 | 16,270 | +1539.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 33,817 | — | — | 5,563 | 37,925 | — | S100LR3J |
| FY ending Mar 2018 | 32,706 | — | — | 5,355 | -1,704 | — | S100OIO8 |
| FY ending Mar 2019 | 28,866 | — | — | 3,573 | -9,583 | — | S100RR2W |
| FY ending Mar 2020 | 32,230 | — | — | 2,232 | 79,045 | 77,678 | S100LR3J |
| FY ending Mar 2021 | 29,475 | — | — | 2,291 | -21,101 | -21,535 | S100OIO8 |
| FY ending Mar 2022 | 28,351 | — | — | 3,486 | -4,267 | -4,794 | S100RR2W |
| FY ending Mar 2023 | 35,252 | — | — | 4,203 | -23,704 | -24,093 | S100TO04 |
| FY ending Mar 2024 | 38,678 | — | — | 5,284 | 8,204 | 7,205 | S100W02O |
| FY ending Mar 2025 | 48,513 | — | — | 13,354 | 3,353 | 1,057 | S100YCB2 |
| FY ending Mar 2026 | 53,147 | — | — | 15,055 | 17,740 | 17,327 | S100YCB2 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥85.3M |
| Net income per employee (consolidated) | ¥24.2M |

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) | 648 | 616 | 611 | 612 | 623 |
| Average salary (parent company) | ¥5.8M | ¥6M | ¥6.4M | ¥6.8M | ¥6.9M |
| Average age (parent company) | 39.0 years | 40.0 years | 40.3 years | 40.4 years | 39.8 years |
| Average tenure (parent company) | 17.0 years | 17.0 years | 17.5 years | 17.4 years | 16.6 years |

Year over year: Employees (consolidated) +1.8% · Revenue (consolidated) +9.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking services | 45,410 | 85.4% | 20,355 | 44.8% |
| Leasing business | 6,049 | 11.4% | 110 | 1.8% |
| Other | 1,688 | 3.2% | 1,004 | 59.5% |

### 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 services | 85.4% |
| Leasing business | 11.4% |
| Other | 3.2% |

Segment → industry: Banking services → Regional Banks / Other → Credit Cards & Consumer Credit / 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 | 17,740 | 33.4% | S100YCB2 |
| Capital expenditure | 413 | 0.8% | S100YCB2 |
| Free cash flow | 17,327 | 32.6% | 算出 |
| Investing cash flow | -13,414 | -25.2% | S100YCB2 |
| Financing cash flow | -3,971 | -7.5% | S100YCB2 |
| Dividends paid | 2,971 | 5.6% | S100YCB2 |
| Change in cash | 354 | 0.7% | S100YCB2 |
| Cash and equivalents | 80,220 | 150.9% | S100YCB2 |

## 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 | 10.3% | 2026-03-31 |
| 株式会社北陸銀行 | Major shareholder | 3.1% | 2026-03-31 |
| 株式会社福井銀行 | Major shareholder | 2.8% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.1% | 2026-03-31 |
| 富山第一銀行職員持株会 | Major shareholder | 2.1% | 2026-03-31 |
| 北日本放送株式会社 | Major shareholder | 1.7% | 2026-03-31 |
| 株式会社インテック | Major shareholder | 1.6% | 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 | 1.6% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.5% | 2026-03-31 |
| 東京海上日動火災保険株式会社 | Major shareholder | 1.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第115期(2025/04/01－2026/03/31) | S100YCB2 | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YCB2,, |
| 有価証券報告書－第114期(2024/04/01－2025/03/31) | S100W02O | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W02O,, |
| 有価証券報告書－第113期(2023/04/01－2024/03/31) | S100TO04 | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TO04,, |
| 訂正有価証券報告書－第112期(2022/04/01－2023/03/31) | S100RR2W | 2023-08-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RR2W,, |
| 有価証券報告書－第111期(令和3年4月1日－令和4年3月31日) | S100OIO8 | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIO8,, |
| 有価証券報告書－第110期(令和2年4月1日－令和3年3月31日) | S100LR3J | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LR3J,, |

## 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).