# The Kiyo 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216期(2025/04/01－2026/03/31) (S100YE5S)
> Page: https://vizora.meequs.com/en/company/kiyo-bank
> Retrieved: 2026-09-30T21:18:30.028Z

## Company

The Kiyo Bank, founded in 1895, is a company in Regional Banks listed on TSE Prime. It has 2,473 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Kiyo Bank, Ltd. |
| Ticker | 8370 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8370.T) |
| Listing | TSE Prime |
| Head office | 和歌山市本町1丁目35番地 |
| Representative (per filing) | 取締役頭取 原口裕之 |
| Founded | May 1895 |
| Employees (consolidated) | 2,473 |
| Average salary (parent only) | ¥6M |
| Fiscal year end | March |
| Corporate number | 9170001000916 |
| EDINET | E03581 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YE5S, filed 2026-06-22). As of filing

## Key points (generated from figures)

- The Kiyo Bank brought in ¥114.9B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥28 is left as ordinary profit.
- Ordinary revenue changed +16.4% from the prior year, ordinary profit +38.9%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥114.9B |  |
| Ordinary income | ¥32.4B | Margin 28.2% |
| Net income | ¥21.8B | Margin 19.0% |
| Employees (consolidated) | 2,473 |  |
| EPS | ¥321.47 |  |
| Diluted EPS | ¥321.26 |  |
| Book value per share | ¥3483.95 |  |
| Equity ratio | 4.0% |  |
| Shares outstanding | 67,300,000 |  |
| Treasury shares | 2,885,200 |  |
| Shareholders | 11,733 |  |
| Average salary (parent only) | ¥6M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥78909000000 | ¥114870000000 | +45.6% |
| Employees | 2,491 people | 2,473 people | -0.7% |
| Cash and equivalents | ¥1216774000000 | ¥837737000000 | -31.2% |

### 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 |
| --- | ---: |
| その他 → その他 | 100.0% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 114,870 | 100.0% | S100YE5S |
| Ordinary expenses | 82,500 | 71.8% | S100YE5S |
| Ordinary income | 32,369 | 28.2% | S100YE5S |
| Extraordinary income | 18 | 0.0% | S100YE5S |
| Extraordinary loss | 2,427 | 2.1% | S100YE5S |
| Pretax income | 29,960 | 26.1% | S100YE5S |
| Income tax | 8,102 | 7.1% | S100YE5S |
| Net income | 21,858 | 19.0% | S100YE5S |
| Net income attributable to owners | 21,819 | 19.0% | S100YE5S |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 72 |
| Ordinary income | 28 |
| (Ref.) Net income | 19 |

### Margin funnel

Ordinary margin 28.2% → Net margin 19.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +16.4%; Core profit growth: +38.9%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.38×
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 | 98,720 | 114,870 | 16,150 | +16.4% |
| Net income attributable to owners | 17,618 | 21,819 | 4,201 | +23.8% |
| Operating cash flow | -186,181 | -8,259 | 177,922 | — |
| Free cash flow | -190,190 | -12,059 | 178,131 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 75,485 | — | — | 11,028 | 353,440 | — | S100LPAW |
| FY ending Mar 2018 | 74,257 | — | — | 11,722 | -246,804 | — | S100OID1 |
| FY ending Mar 2019 | 74,364 | — | — | 11,620 | -186,177 | — | S100RYOC |
| FY ending Mar 2020 | 86,759 | — | — | 13,719 | 64,758 | 59,594 | S100LPAW |
| FY ending Mar 2021 | 78,909 | — | — | 13,591 | 715,233 | 712,943 | S100OID1 |
| FY ending Mar 2022 | 81,596 | — | — | 15,460 | 75,528 | 72,240 | S100RYOC |
| FY ending Mar 2023 | 84,449 | — | — | 3,924 | -582,293 | -585,294 | S100TYUQ |
| FY ending Mar 2024 | 84,782 | — | — | 15,020 | 115,068 | 111,454 | S100W0CH |
| FY ending Mar 2025 | 98,720 | — | — | 17,618 | -186,181 | -190,190 | S100YE5S |
| FY ending Mar 2026 | 114,870 | — | — | 21,819 | -8,259 | -12,059 | S100YE5S |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥46.4M |
| Net income per employee (consolidated) | ¥8.8M |

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) | 2,391 | 2,310 | 2,352 | 2,390 | 2,473 |
| Average salary (parent company) | ¥5.5M | ¥5.7M | ¥5.7M | ¥5.8M | ¥6M |
| Average age (parent company) | 38.6 years | 38.8 years | 38.4 years | 38.0 years | 37.7 years |
| Average tenure (parent company) | 15.4 years | 15.7 years | 15.2 years | 14.8 years | 14.4 years |

Year over year: Employees (consolidated) +3.5% · Revenue (consolidated) +16.4%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Other | 12,890 | 100.0% | 1,750 | 13.6% |

## 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 | -8,259 | -7.2% | S100YE5S |
| Capital expenditure | 3,800 | 3.3% | S100YE5S |
| Free cash flow | -12,059 | -10.5% | 算出 |
| Investing cash flow | 46,186 | 40.2% | S100YE5S |
| Financing cash flow | -7,245 | -6.3% | S100YE5S |
| Dividends paid | 7,880 | 6.9% | S100YE5S |
| Share buyback | 5 | 0.0% | S100YE5S |
| Change in cash | 30,720 | 26.7% | S100YE5S |
| Cash and equivalents | 837,737 | 729.3% | S100YE5S |

## 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 | 13.2% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.2% | 2026-03-31 |
| 紀陽フィナンシャルグループ従業員持株会 | Major shareholder | 3.8% | 2026-03-31 |
| GOVERNMENT OF NORWAY（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 2.1% | 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 | 2.0% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 1.6% | 2026-03-31 |
| 株式会社ヤマヨテクスタイル | Major shareholder | 1.6% | 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 | 1.3% | 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 | 1.3% | 2026-03-31 |
| 株式会社島精機製作所 | Major shareholder | 1.1% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第216期(2025/04/01－2026/03/31) | S100YE5S | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YE5S,, |
| 有価証券報告書－第215期(2024/04/01－2025/03/31) | S100W0CH | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0CH,, |
| 訂正有価証券報告書－第214期(2023/04/01－2024/03/31) | S100TYUQ | 2024-07-01 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TYUQ,, |
| 訂正有価証券報告書－第213期(2022/04/01－2023/03/31) | S100RYOC | 2023-10-04 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RYOC,, |
| 有価証券報告書－第212期(令和3年4月1日－令和4年3月31日) | S100OID1 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OID1,, |
| 有価証券報告書－第211期(令和2年4月1日－令和3年3月31日) | S100LPAW | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LPAW,, |

## 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).