# THE HOWA BANK,LTD.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第108期(2025/04/01－2026/03/31) (S100YF85)
> Page: https://vizora.meequs.com/en/company/howa-bank
> Retrieved: 2026-09-30T21:37:54.752Z

## Company

THE Howa Bank, founded in 1949, is a company in Regional Banks listed on Tokyo, Fukuoka. It has 509 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | THE HOWA BANK, LTD. |
| Ticker | 8559 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8559.T) |
| Listing | Tokyo, Fukuoka |
| Head office | 大分市王子中町4番10号 |
| Representative (per filing) | 取締役頭取 権藤 淳 |
| Founded | Dec 1949 |
| Employees (consolidated) | 509 |
| Average salary (parent only) | ¥5.2M |
| Fiscal year end | March |
| Corporate number | 3320001002530 |
| EDINET | E03673 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YF85, filed 2026-06-19). As of filing

## Key points (generated from figures)

- THE Howa Bank brought in ¥12B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥10 is left as ordinary profit.
- Ordinary revenue changed +16.0% from the prior year, ordinary profit -10.2%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥12B |  |
| Ordinary income | ¥1.21B | Margin 10.0% |
| Net income | ¥819M | Margin 6.8% |
| Employees (consolidated) | 509 |  |
| EPS | ¥69.27 |  |
| Diluted EPS | ¥17.08 |  |
| Book value per share | ¥922.3 |  |
| Equity ratio | 4.7% |  |
| Shares outstanding | 5,944,000 |  |
| Treasury shares | 50,600 |  |
| Shareholders | 2,573 |  |
| Average salary (parent only) | ¥5.2M | Filing company only |

## Notable figures

- FY2026, buybacks were 15.1× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9980000000 | ¥12042000000 | +20.7% |
| Employees | 512 people | 509 people | -0.6% |
| Cash and equivalents | ¥97629000000 | ¥35722000000 | -63.4% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 12,042 | 100.0% | S100YF85 |
| Ordinary expenses | 10,834 | 90.0% | S100YF85 |
| Ordinary income | 1,207 | 10.0% | S100YF85 |
| Extraordinary loss | 15 | 0.1% | S100YF85 |
| Pretax income | 1,192 | 9.9% | S100YF85 |
| Income tax | 372 | 3.1% | S100YF85 |
| Net income | 819 | 6.8% | S100YF85 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 90 |
| Ordinary income | 10 |
| (Ref.) Net income | 7 |

### Margin funnel

Ordinary margin 10.0% → Net margin 6.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +16.0%; Core profit growth: -10.2%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -0.64×
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 | 10,380 | 12,042 | 1,662 | +16.0% |
| Operating cash flow | -19,809 | -5,775 | 14,034 | — |
| Free cash flow | -20,122 | -6,123 | 13,999 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 10,148 | — | — | 680 | 9,843 | — | S100LSPN |
| FY ending Mar 2018 | 9,836 | — | — | 656 | 9,698 | — | S100P3ZJ |
| FY ending Mar 2019 | 9,677 | — | — | 1,135 | -7,267 | — | S100R8Q5 |
| FY ending Mar 2020 | 9,539 | — | — | 309 | 6,892 | 6,504 | S100LSPN |
| FY ending Mar 2021 | 9,980 | — | — | 995 | 38,439 | 38,076 | S100P3ZJ |
| FY ending Mar 2022 | 9,645 | — | — | 848 | 13,197 | 12,797 | S100R8Q5 |
| FY ending Mar 2023 | 9,886 | — | — | 1,302 | -24,760 | -24,889 | S100TV4H |
| FY ending Mar 2024 | 10,465 | — | — | 877 | -5,696 | -6,130 | S100W0EY |
| FY ending Mar 2025 | 10,380 | — | — | 1,037 | -19,809 | -20,122 | S100YF85 |
| FY ending Mar 2026 | 12,042 | — | — | 819 | -5,775 | -6,123 | S100YF85 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥23.7M |
| Net income per employee (consolidated) | ¥1.6M |

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) | 520 | 508 | 511 | 503 | 509 |
| Average salary (parent company) | ¥4.7M | ¥4.9M | ¥4.9M | ¥5M | ¥5.2M |
| Average age (parent company) | 38.0 years | 37.8 years | 37.6 years | 37.5 years | 37.3 years |
| Average tenure (parent company) | 15.1 years | 14.9 years | 14.9 years | 14.6 years | 14.4 years |

Year over year: Employees (consolidated) +1.2% · Revenue (consolidated) +16.0%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -5,775 | -48.0% | S100YF85 |
| Capital expenditure | 348 | 2.9% | S100YF85 |
| Free cash flow | -6,123 | -50.8% | 算出 |
| Investing cash flow | -1,333 | -11.1% | S100YF85 |
| Financing cash flow | -7,533 | -62.6% | S100YF85 |
| Dividends paid | 466 | 3.9% | S100YF85 |
| Share buyback | 7,042 | 58.5% | S100YF85 |
| Change in cash | -14,642 | -121.6% | S100YF85 |
| Cash and equivalents | 35,722 | 296.6% | S100YF85 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社西日本シティ銀行 | Major shareholder | 29.1% | 2026-03-31 |
| 株式会社整理回収機構 | Major shareholder | 8.3% | 2026-03-31 |
| 豊和銀行従業員持株会 | Major shareholder | 3.4% | 2026-03-31 |
| 大和証券株式会社 | Major shareholder | 2.4% | 2026-03-31 |
| 九州総合信用株式会社 | Major shareholder | 2.0% | 2026-03-31 |
| 長野 健一 | Major shareholder | 1.6% | 2026-03-31 |
| 株式会社福岡銀行 | Major shareholder | 1.5% | 2026-03-31 |
| 株式会社南日本銀行 | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社宮崎太陽銀行 | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第108期(2025/04/01－2026/03/31) | S100YF85 | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF85,, |
| 有価証券報告書－第107期(2024/04/01－2025/03/31) | S100W0EY | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0EY,, |
| 有価証券報告書－第106期(2023/04/01－2024/03/31) | S100TV4H | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TV4H,, |
| 有価証券報告書－第105期(2022/04/01－2023/03/31) | S100R8Q5 | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8Q5,, |
| 訂正有価証券報告書－第104期(令和3年4月1日－令和4年3月31日) | S100P3ZJ | 2022-08-31 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P3ZJ,, |
| 有価証券報告書－第103期(令和2年4月1日－令和3年3月31日) | S100LSPN | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSPN,, |

## 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).