# JAPAN POST BANK Co., 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20期(2025/04/01－2026/03/31) (S100Y9G1)
> Page: https://vizora.meequs.com/en/company/japanpost
> Retrieved: 2026-09-30T20:25:13.107Z

## Company

Japan Post Bank, founded in 2018, is a company in Major Banks listed on TSE Prime. It has 10,771 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | JAPAN POST BANK Co., Ltd. |
| Ticker | 7182 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7182.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区丸の内二丁目7番2号(上記は登記上の本店所在地であり、実際の本社業務は下記の場所で行っております。) |
| Representative (per filing) | 取締役兼代表執行役社長 笠間 貴之 |
| Founded | Feb 2018 |
| Employees (consolidated) | 10,771 |
| Average salary (parent only) | ¥7.3M |
| Fiscal year end | March |
| Website | www.jp-bank.japanpost.jp (https://www.jp-bank.japanpost.jp/) |
| Corporate number | 5010001112730 |
| EDINET | E31775 |
| Industries (Vizora) | Major Banks |

> Profile source: annual securities report (S100Y9G1, filed 2026-06-18). As of filing

## Key points (generated from figures)

- Japan Post Bank brought in ¥2.85T in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥27 is left as ordinary profit.
- Ordinary revenue changed +13.1% from the prior year, ordinary profit +29.9%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥2.85T |  |
| Ordinary income | ¥759.1B | Margin 26.6% |
| Net income | ¥525.6B | Margin 18.4% |
| Employees (consolidated) | 10,771 |  |
| EPS | ¥148.05 |  |
| Book value per share | ¥2580.06 |  |
| Equity ratio | 4.1% |  |
| Shares outstanding | 3,575,878,000 |  |
| Treasury shares | 12,745,500 |  |
| Shareholders | 545,490 |  |
| Average salary (parent only) | ¥7.3M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥1946728000000 | ¥2852206000000 | +46.5% |
| Employees | 12,451 people | 10,771 people | -13.5% |
| Cash and equivalents | ¥60704486000000 | ¥54339817000000 | -10.5% |

### 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 | 2,852,206 | 100.0% | S100Y9G1 |
| Ordinary expenses | 2,093,056 | 73.4% | S100Y9G1 |
| Ordinary income | 759,150 | 26.6% | S100Y9G1 |
| Extraordinary income | 403 | 0.0% | S100Y9G1 |
| Extraordinary loss | 1,236 | 0.0% | S100Y9G1 |
| Pretax income | 758,316 | 26.6% | S100Y9G1 |
| Income tax | 218,723 | 7.7% | S100Y9G1 |
| Net income | 539,592 | 18.9% | S100Y9G1 |
| Net income attributable to owners | 525,583 | 18.4% | S100Y9G1 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 73 |
| Ordinary income | 27 |
| (Ref.) Net income | 18 |

### Margin funnel

Ordinary margin 26.6% → Net margin 18.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +13.1%; Core profit growth: +29.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.28×
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 | 2,522,052 | 2,852,206 | 330,154 | +13.1% |
| Net income attributable to owners | 414,324 | 525,583 | 111,259 | +26.9% |
| Operating cash flow | 4,597,293 | -9,437,450 | -14,034,743 | -305.3% |
| Free cash flow | 4,543,699 | -9,480,062 | -14,023,761 | -308.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2018 | 2,044,940 | — | — | 352,775 | -130,411 | — | S100O7RP |
| FY ending Mar 2019 | 1,845,413 | — | — | 266,189 | -1,120,727 | — | S100QY3O |
| FY ending Mar 2020 | 1,799,544 | — | — | 273,435 | 2,935,966 | 2,910,388 | S100LHP7 |
| FY ending Mar 2021 | 1,946,728 | — | — | 280,130 | 9,431,212 | 9,393,988 | S100O7RP |
| FY ending Mar 2022 | 1,977,640 | — | — | 355,070 | 7,665,328 | 7,619,667 | S100QY3O |
| FY ending Mar 2023 | 2,064,251 | — | — | 325,070 | -4,495,827 | -4,543,218 | S100TN8H |
| FY ending Mar 2024 | 2,651,706 | — | — | 356,133 | 81,041 | 18,085 | S100VWHB |
| FY ending Mar 2025 | 2,522,052 | — | — | 414,324 | 4,597,293 | 4,543,699 | S100Y9G1 |
| FY ending Mar 2026 | 2,852,206 | — | — | 525,583 | -9,437,450 | -9,480,062 | S100Y9G1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥264.8M |
| Net income per employee (consolidated) | ¥48.8M |

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) | 12,219 | 11,807 | 11,419 | 11,034 | 10,771 |
| Average salary (parent company) | ¥6.8M | ¥6.8M | ¥7.1M | ¥7.2M | ¥7.3M |
| Average age (parent company) | 44.5 years | 44.8 years | 45.2 years | 45.6 years | 45.8 years |
| Average tenure (parent company) | 20.4 years | 20.5 years | 20.7 years | 21.0 years | 21.0 years |

Year over year: Employees (consolidated) -2.4% · Revenue (consolidated) +13.1%

## 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 | -9,437,450 | -330.9% | S100Y9G1 |
| Capital expenditure | 42,612 | 1.5% | S100Y9G1 |
| Free cash flow | -9,480,062 | -332.4% | 算出 |
| Investing cash flow | -566,767 | -19.9% | S100Y9G1 |
| Financing cash flow | -295,066 | -10.3% | S100Y9G1 |
| Dividends paid | 208,778 | 7.3% | S100Y9G1 |
| Share buyback | 65,368 | 2.3% | S100Y9G1 |
| Change in cash | -10,299,284 | -361.1% | S100Y9G1 |
| Cash and equivalents | 54,339,817 | 1905.2% | S100Y9G1 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本郵政株式会社 | Major shareholder | 49.9% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社(信託口) | Major shareholder | 8.3% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 3.2% | 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 | 2.0% | 2026-03-31 |
| THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 1.0% | 2026-03-31 |
| ゴールドマン・サックス証券株式会社 BNYM (常任代理人 株式会社三菱ＵＦＪ銀行) | Major shareholder | 0.8% | 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 | 0.7% | 2026-03-31 |
| JP MORGAN CHASE BANK 385642(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 0.6% | 2026-03-31 |
| JPモルガン証券株式会社 | Major shareholder | 0.6% | 2026-03-31 |
| JP MORGAN CHASE BANK 380081(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 0.5% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for FY ending Mar 2026 was ¥2.85T, up 13.1% from ¥2.52T a year earlier.
- Net income attributable to owners grew 26.9%, from ¥414.3B to ¥525.6B.
- Cash flow moved the other way: operating cash flow went from ¥4.6T to -¥9.44T, and free cash flow from ¥4.54T to -¥9.48T.

### Drivers

- Net interest income rose sharply, helped by higher returns from foreign bond investment trusts and more interest on Japanese government bonds.
- With domestic rates rising, the bank kept moving money out of deposits held elsewhere and into Japanese government bonds.
- Gains from private equity funds increased, but lower gains on stock sales meant one-off profits fell from the prior year.

### Risks

- Rising Japanese interest rates have lowered the value of the bonds it holds, and further rate rises could lead to valuation or sale losses.
- If the gap between overseas and Japanese interest rates widens again, the cost of raising foreign currency could climb and weigh heavily on results.
- Having to raise savings rates, or losing deposits to other banks offering higher rates, could push up funding costs or shrink the money it can invest.

Cited: Annual Securities Report, 20th term (Apr 2025 - Mar 2026) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual Securities Report, 20th term (Apr 2025 - Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第20期(2025/04/01－2026/03/31) | S100Y9G1 | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y9G1,, |
| 有価証券報告書－第19期(2024/04/01－2025/03/31) | S100VWHB | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VWHB,, |
| 有価証券報告書－第18期(2023/04/01－2024/03/31) | S100TN8H | 2024-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TN8H,, |
| 有価証券報告書－第17期(2022/04/01－2023/03/31) | S100QY3O | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QY3O,, |
| 有価証券報告書－第16期(令和3年4月1日－令和4年3月31日) | S100O7RP | 2022-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O7RP,, |
| 有価証券報告書－第15期(令和2年4月1日－令和3年3月31日) | S100LHP7 | 2021-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LHP7,, |

## 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).