# The Hyakujushi 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157期(2025/04/01－2026/03/31) (S100YA4U)
> Page: https://vizora.meequs.com/en/company/hyakujushi-bank
> Retrieved: 2026-09-30T19:58:27.037Z

## Company

The Hyakujushi Bank, founded in 1924, is a company in Regional Banks listed on TSE Prime. It has 2,107 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Hyakujushi Bank, Ltd. |
| Ticker | 8386 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8386.T) |
| Listing | TSE Prime |
| Head office | 香川県高松市亀井町5番地の1 |
| Representative (per filing) | 取締役頭取 森匡史 |
| Founded | Mar 1924 |
| Employees (consolidated) | 2,107 |
| Average salary (parent only) | ¥7.2M |
| Fiscal year end | March |
| Corporate number | 6470001000203 |
| EDINET | E03588 |
| Industries (Vizora) | Regional Banks, Credit Cards & Consumer Credit, Leasing |

> Profile source: annual securities report (S100YA4U, filed 2026-06-15). As of filing

## Key points (generated from figures)

- About 91% of The Hyakujushi 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 ¥27 is left as ordinary profit.
- Ordinary revenue changed +20.6% from the prior year, ordinary profit +46.3%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥108.6B |  |
| Ordinary income | ¥29.1B | Margin 26.8% |
| Net income | ¥18.9B | Margin 17.4% |
| Employees (consolidated) | 2,107 |  |
| EPS | ¥158.59 |  |
| Diluted EPS | ¥158.58 |  |
| Book value per share | ¥2994.01 |  |
| Equity ratio | 6.6% |  |
| Shares outstanding | 28,630,000 |  |
| Treasury shares | 358,000 |  |
| Shareholders | 22,661 |  |
| Average salary (parent only) | ¥7.2M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥68950000000 | ¥108556000000 | +57.4% |
| Employees | 2,283 people | 2,107 people | -7.7% |
| Cash and equivalents | ¥863671000000 | ¥862119000000 | -0.2% |

### 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 | 85.5% |
| リース業 → リース業 | 6.9% |
| リース業 → 事業再編・廃止 | 4.6% |
| その他 → その他 | 1.9% |
| その他 → 事業再編・廃止 | 1.1% |
| 新設・再編 → 銀行業 | 5.7% |

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 | +10.9% | ¥99000000000 | 28.0% | 2 |
| Leasing | 5 years | -1.1% | ¥7467000000 | 5.6% | 2 |
| Other | 5 years | +0.2% | ¥2088000000 | 72.9% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 108,556 | 100.0% | S100YA4U |
| Ordinary expenses | 79,420 | 73.2% | S100YA4U |
| Ordinary income | 29,135 | 26.8% | S100YA4U |
| Extraordinary income | 69 | 0.1% | S100YA4U |
| Extraordinary loss | 474 | 0.4% | S100YA4U |
| Pretax income | 28,731 | 26.5% | S100YA4U |
| Income tax | 9,873 | 9.1% | S100YA4U |
| Net income | 18,857 | 17.4% | S100YA4U |
| Net income attributable to owners | 18,857 | 17.4% | S100YA4U |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 73 |
| Ordinary income | 27 |
| (Ref.) Net income | 17 |

### Margin funnel

Ordinary margin 26.8% → Net margin 17.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +20.6%; Core profit growth: +46.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.25×
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 | 90,007 | 108,556 | 18,549 | +20.6% |
| Net income attributable to owners | 13,700 | 18,857 | 5,157 | +37.6% |
| Operating cash flow | -130,700 | -140,067 | -9,367 | — |
| Free cash flow | -134,858 | -144,995 | -10,137 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 90,508 | — | — | 9,645 | 197,539 | — | S100LS47 |
| FY ending Mar 2018 | 80,813 | — | — | 10,227 | -233,047 | — | S100OKE6 |
| FY ending Mar 2019 | 77,196 | — | — | 5,584 | 153,020 | — | S100R8KX |
| FY ending Mar 2020 | 76,728 | — | — | 7,715 | 74,580 | 72,031 | S100LS47 |
| FY ending Mar 2021 | 68,950 | — | — | 2,565 | 216,353 | 213,527 | S100OKE6 |
| FY ending Mar 2022 | 73,092 | — | — | 11,702 | 253,921 | 251,241 | S100R8KX |
| FY ending Mar 2023 | 84,888 | — | — | 9,172 | -152,153 | -154,657 | S100TLBV |
| FY ending Mar 2024 | 82,146 | — | — | 9,642 | -92,451 | -96,375 | S100W116 |
| FY ending Mar 2025 | 90,007 | — | — | 13,700 | -130,700 | -134,858 | S100YA4U |
| FY ending Mar 2026 | 108,556 | — | — | 18,857 | -140,067 | -144,995 | S100YA4U |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥51.5M |
| Net income per employee (consolidated) | ¥8.9M |

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) | 2,235 | 2,179 | 2,147 | 2,125 | 2,107 |
| Average salary (parent company) | ¥6.3M | ¥6.2M | ¥6.4M | ¥6.5M | ¥7.2M |
| Average age (parent company) | 40.5 years | 40.9 years | 41.2 years | 41.2 years | 41.3 years |
| Average tenure (parent company) | 17.1 years | 17.5 years | 17.8 years | 17.8 years | 17.7 years |

Year over year: Employees (consolidated) -0.8% · Revenue (consolidated) +20.6%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 99,000 | 91.2% | 27,687 | 28.0% |
| Leasing | 7,467 | 6.9% | 417 | 5.6% |
| Other | 2,088 | 1.9% | 1,522 | 72.9% |

### 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 | 91.2% |
| Leasing | 6.9% |
| Other | 1.9% |

Segment → industry: Banking → Regional Banks / Other → Credit Cards & Consumer Credit / 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 | -140,067 | -129.0% | S100YA4U |
| Capital expenditure | 4,928 | 4.5% | S100YA4U |
| Free cash flow | -144,995 | -133.6% | 算出 |
| Investing cash flow | 190,850 | 175.8% | S100YA4U |
| Financing cash flow | -6,572 | -6.1% | S100YA4U |
| Dividends paid | 5,506 | 5.1% | S100YA4U |
| Share buyback | 1,110 | 1.0% | S100YA4U |
| Change in cash | 44,218 | 40.7% | S100YA4U |
| Cash and equivalents | 862,119 | 794.2% | S100YA4U |

## 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 | 8.9% | 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 |
| 日本生命保険相互会社 | Major shareholder | 2.2% | 2026-03-31 |
| 太平洋セメント株式会社 (注)２ | Major shareholder | 2.1% | 2026-03-31 |
| 百十四銀行従業員持株会 | Major shareholder | 2.0% | 2026-03-31 |
| 難波ホールディングス株式会社 | Major shareholder | 2.0% | 2026-03-31 |
| 日本ハム株式会社 (注)３ | Major shareholder | 1.8% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.8% | 2026-03-31 |
| 株式会社ニコン | Major shareholder | 1.5% | 2026-03-31 |
| 住友林業株式会社 | Major shareholder | 1.3% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第157期(2025/04/01－2026/03/31) | S100YA4U | 2026-06-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YA4U,, |
| 有価証券報告書－第156期(2024/04/01－2025/03/31) | S100W116 | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W116,, |
| 有価証券報告書－第155期(2023/04/01－2024/03/31) | S100TLBV | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TLBV,, |
| 有価証券報告書－第154期(2022/04/01－2023/03/31) | S100R8KX | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8KX,, |
| 有価証券報告書－第153期(令和3年4月1日－令和4年3月31日) | S100OKE6 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKE6,, |
| 有価証券報告書－第152期(令和2年4月1日－令和3年3月31日) | S100LS47 | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LS47,, |

## 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).