# Fukuoka 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19期(2025/04/01－2026/03/31) (S100YFNB)
> Page: https://vizora.meequs.com/en/company/fukuoka-financial-group
> Retrieved: 2026-09-30T21:15:54.183Z

## Company

Fukuoka Financial Group, founded in 2006, is a company in Regional Banks listed on TSE Prime. It has 8,050 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Fukuoka Financial Group, Inc. |
| Ticker | 8354 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8354.T) |
| Listing | TSE Prime |
| Head office | 福岡市中央区大手門一丁目8番3号 |
| Representative (per filing) | 取締役社長 五島久 |
| Founded | Dec 2006 |
| Employees (consolidated) | 8,050 |
| Average salary (parent only) | ¥7.8M |
| Fiscal year end | March |
| Website | www.fukuoka-fg.com (https://www.fukuoka-fg.com/) |
| Corporate number | 9290001028986 |
| EDINET | E03624 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YFNB, filed 2026-06-19). As of filing

## Key points (generated from figures)

- Fukuoka Financial Group brought in ¥621.2B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥19 is left as ordinary profit.
- Ordinary revenue changed +36.3% from the prior year, ordinary profit +16.4%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥621.2B |  |
| Ordinary income | ¥120.6B | Margin 19.4% |
| Net income | ¥85.4B | Margin 13.8% |
| Employees (consolidated) | 8,050 |  |
| EPS | ¥300.4 |  |
| Book value per share | ¥3208.82 |  |
| Equity ratio | 3.2% |  |
| Shares outstanding | 191,138,000 |  |
| Treasury shares | 1,832,500 |  |
| Shareholders | 38,366 |  |
| Average salary (parent only) | ¥7.8M | Filing company only |

## Notable figures

- FY2026, revenue is 2.2× its level five years ago

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥274754000000 | ¥621168000000 | +126.1% |
| Employees | 8,103 people | 8,050 people | -0.7% |
| Cash and equivalents | ¥6076226000000 | ¥7092991000000 | +16.7% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 621,168 | 100.0% | S100YFNB |
| Ordinary expenses | 500,557 | 80.6% | S100YFNB |
| Ordinary income | 120,610 | 19.4% | S100YFNB |
| Extraordinary income | 145 | 0.0% | S100YFNB |
| Extraordinary loss | 1,041 | 0.2% | S100YFNB |
| Pretax income | 119,714 | 19.3% | S100YFNB |
| Income tax | 34,268 | 5.5% | S100YFNB |
| Net income | 85,446 | 13.8% | S100YFNB |
| Net income attributable to owners | 85,428 | 13.8% | S100YFNB |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 81 |
| Ordinary income | 19 |
| (Ref.) Net income | 14 |

### Margin funnel

Ordinary margin 19.4% → Net margin 13.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +36.3%; Core profit growth: +16.4%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.45×
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 | 455,711 | 621,168 | 165,457 | +36.3% |
| Net income attributable to owners | 72,136 | 85,428 | 13,292 | +18.4% |
| Operating cash flow | -503,904 | -235,421 | 268,483 | — |
| Free cash flow | -523,570 | -261,501 | 262,069 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 235,767 | — | — | -54,300 | 1,152,326 | — | S100LTPT |
| FY ending Mar 2018 | 237,572 | — | — | 49,369 | 1,159,776 | — | S100OKIR |
| FY ending Mar 2019 | 246,112 | — | — | 51,649 | -5,725 | — | S100R8ZF |
| FY ending Mar 2020 | 283,186 | — | — | 110,607 | 47,871 | 34,341 | S100LTPT |
| FY ending Mar 2021 | 274,754 | — | — | 44,647 | 1,541,822 | 1,531,360 | S100OKIR |
| FY ending Mar 2022 | 280,427 | — | — | 54,118 | 2,163,545 | 2,152,370 | S100R8ZF |
| FY ending Mar 2023 | 331,323 | — | — | 31,152 | -111,261 | -130,063 | S100TW48 |
| FY ending Mar 2024 | 404,743 | — | — | 61,178 | 1,480,879 | 1,458,566 | S100W43D |
| FY ending Mar 2025 | 455,711 | — | — | 72,136 | -503,904 | -523,570 | S100YFNB |
| FY ending Mar 2026 | 621,168 | — | — | 85,428 | -235,421 | -261,501 | S100YFNB |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥77.2M |
| Net income per employee (consolidated) | ¥10.6M |

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) | 7,830 | 7,546 | 7,995 | 7,928 | 8,050 |
| Average salary (parent company) | ¥8M | ¥7.8M | ¥7.3M | ¥7.2M | ¥7.8M |
| Average age (parent company) | 37.6 years | 36.9 years | 38.3 years | 38.3 years | 38.7 years |
| Average tenure (parent company) | 12.1 years | 12.4 years | 12.0 years | 11.1 years | 10.8 years |

Year over year: Employees (consolidated) +1.5% · Revenue (consolidated) +36.3%

## 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 | -235,421 | -37.9% | S100YFNB |
| Capital expenditure | 26,080 | 4.2% | S100YFNB |
| Free cash flow | -261,501 | -42.1% | 算出 |
| Investing cash flow | 202,941 | 32.7% | S100YFNB |
| Financing cash flow | -29,879 | -4.8% | S100YFNB |
| Dividends paid | 29,325 | 4.7% | S100YFNB |
| Share buyback | 680 | 0.1% | S100YFNB |
| Change in cash | -62,306 | -10.0% | S100YFNB |
| Cash and equivalents | 7,092,991 | 1141.9% | S100YFNB |

## 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 | 15.1% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 7.8% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.3% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 2.0% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 2.0% | 2026-03-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 1.5% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103(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 | 1.4% | 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 | 1.4% | 2026-03-31 |
| 第一生命保険株式会社 | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第19期(2025/04/01－2026/03/31) | S100YFNB | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFNB,, |
| 有価証券報告書－第18期(2024/04/01－2025/03/31) | S100W43D | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W43D,, |
| 有価証券報告書－第17期(2023/04/01－2024/03/31) | S100TW48 | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TW48,, |
| 有価証券報告書－第16期(2022/04/01－2023/03/31) | S100R8ZF | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8ZF,, |
| 有価証券報告書－第15期(令和3年4月1日－令和4年3月31日) | S100OKIR | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKIR,, |
| 有価証券報告書－第14期(令和2年4月1日－令和3年3月31日) | S100LTPT | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LTPT,, |

## 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).