# Kyushu Financial Group,Inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第11期(2025/04/01－2026/03/31) (S100YS88)
> Page: https://vizora.meequs.com/en/company/kyushu-financial-group
> Retrieved: 2026-09-30T20:34:26.122Z

## Company

Kyushu Financial Group, founded in 2015, is a company in Regional Banks listed on TSE Prime. It has 4,858 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Kyushu Financial Group,Inc. |
| Ticker | 7180 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7180.T) |
| Listing | TSE Prime |
| Head office | 鹿児島市金生町6番6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にて行っております。)熊本市西区春日一丁目12番3号 |
| Representative (per filing) | 代表取締役社長 笠原 慶久 |
| Founded | Jun 2015 |
| Employees (consolidated) | 4,858 |
| Average salary (parent only) | ¥10M |
| Fiscal year end | March |
| Website | www.kyushu-fg.co.jp (https://www.kyushu-fg.co.jp/) |
| Corporate number | 2340001018765 |
| EDINET | E31612 |
| Industries (Vizora) | Regional Banks, Leasing |

> Profile source: annual securities report (S100YS88, filed 2026-07-24). As of filing

## Key points (generated from figures)

- About 45% of Kyushu Financial Group's ordinary revenue comes from The Higo Bank, with The Kagoshima Bank and Leasing making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥20 is left as ordinary profit.
- Ordinary revenue changed +4.8% from the prior year, ordinary profit +25.1%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥263.3B |  |
| Ordinary income | ¥53.8B | Margin 20.4% |
| Net income | ¥37.7B | Margin 14.3% |
| Employees (consolidated) | 4,858 |  |
| EPS | ¥25.08 |  |
| Book value per share | ¥1044.44 |  |
| Equity ratio | 5.6% |  |
| Shares outstanding | 463,375,000 |  |
| Treasury shares | 39,180,600 |  |
| Shareholders | 35,511 |  |
| Average salary (parent only) | ¥10M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥180896000000 | ¥263250000000 | +45.5% |
| Employees | 4,578 people | 4,858 people | +6.1% |
| Cash and equivalents | ¥1955589000000 | ¥1550741000000 | -20.7% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 肥後銀行 → 肥後銀行 | 39.8% |
| 鹿児島銀行 → 鹿児島銀行 | 35.9% |
| 鹿児島銀行 → 事業再編・廃止 | 1.4% |
| リース業 → リース業 | 15.4% |
| リース業 → 事業再編・廃止 | 4.3% |
| その他 → その他 | 3.2% |
| 新設・再編 → 肥後銀行 | 5.5% |
| 新設・再編 → その他 | 0.3% |

Segment revenue source references: 8 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| The Higo Bank | 5 years | +10.5% | ¥119946000000 | 22.3% | 2 |
| The Kagoshima Bank | 5 years | +6.8% | ¥95121000000 | 27.8% | 2 |
| Leasing | 5 years | +2.4% | ¥40707000000 | 3.4% | 2 |
| Other | 5 years | +9.4% | ¥9303000000 | 21.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 263,250 | 100.0% | S100YS88 |
| Ordinary expenses | 209,484 | 79.6% | S100YS88 |
| Ordinary income | 53,766 | 20.4% | S100YS88 |
| Extraordinary income | 264 | 0.1% | S100YS88 |
| Extraordinary loss | 93 | 0.0% | S100YS88 |
| Pretax income | 53,937 | 20.5% | S100YS88 |
| Income tax | 16,232 | 6.2% | S100YS88 |
| Net income | 37,705 | 14.3% | S100YS88 |
| Net income attributable to owners | 37,674 | 14.3% | S100YS88 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 80 |
| Ordinary income | 20 |
| (Ref.) Net income | 14 |

### Margin funnel

Ordinary margin 20.4% → Net margin 14.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.8%; Core profit growth: +25.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 5.27×
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 | 251,292 | 263,250 | 11,958 | +4.8% |
| Net income attributable to owners | 30,368 | 37,674 | 7,306 | +24.1% |
| Operating cash flow | -392,125 | -58,726 | 333,399 | — |
| Free cash flow | -403,425 | -76,427 | 326,998 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 172,216 | — | — | 14,602 | 295,430 | — | S100MFM9 |
| FY ending Mar 2018 | 164,696 | — | — | 19,395 | -65,602 | — | S100OA37 |
| FY ending Mar 2019 | 170,322 | — | — | 22,202 | -32,408 | — | S100QYSB |
| FY ending Mar 2020 | 172,140 | — | — | 18,261 | 195,306 | 175,551 | S100MFM9 |
| FY ending Mar 2021 | 180,896 | — | — | 15,012 | 794,763 | 784,533 | S100OA37 |
| FY ending Mar 2022 | 187,630 | — | — | 16,655 | 1,834,219 | 1,819,794 | S100QYSB |
| FY ending Mar 2023 | 214,368 | — | — | 24,668 | -1,632,540 | -1,640,204 | S100U425 |
| FY ending Mar 2024 | 222,551 | — | — | 26,394 | -153,188 | -163,218 | S100WT68 |
| FY ending Mar 2025 | 251,292 | — | — | 30,368 | -392,125 | -403,425 | S100YS88 |
| FY ending Mar 2026 | 263,250 | — | — | 37,674 | -58,726 | -76,427 | S100YS88 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥54.2M |
| Net income per employee (consolidated) | ¥7.8M |

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) | 4,596 | 4,575 | 4,598 | 4,670 | 4,858 |
| Average salary (parent company) | ¥9.2M | ¥9.3M | ¥9.5M | ¥9.7M | ¥10M |
| Average age (parent company) | 44.2 years | 44.5 years | 45.6 years | 45.7 years | 44.8 years |
| Average tenure (parent company) | 18.0 years | 17.5 years | 18.2 years | 15.8 years | 15.8 years |

Year over year: Employees (consolidated) +4.0% · Revenue (consolidated) +4.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| The Higo Bank | 119,946 | 45.2% | 26,725 | 22.3% |
| The Kagoshima Bank | 95,121 | 35.9% | 26,432 | 27.8% |
| Leasing | 40,707 | 15.4% | 1,388 | 3.4% |
| Other | 9,303 | 3.5% | 1,961 | 21.1% |

### 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 |
| --- | ---: |
| The Higo Bank | 45.2% |
| The Kagoshima Bank | 35.9% |
| Leasing | 15.4% |
| Other | 3.5% |

Segment → industry: The Kagoshima Bank → Regional Banks / The Higo Bank → Regional Banks / 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 | -58,726 | -22.3% | S100YS88 |
| Capital expenditure | 17,701 | 6.7% | S100YS88 |
| Free cash flow | -76,427 | -29.0% | 算出 |
| Investing cash flow | -257,059 | -97.6% | S100YS88 |
| Financing cash flow | -20,604 | -7.8% | S100YS88 |
| Dividends paid | 10,835 | 4.1% | S100YS88 |
| Share buyback | 10,000 | 3.8% | S100YS88 |
| Change in cash | -336,387 | -127.8% | S100YS88 |
| Cash and equivalents | 1,550,741 | 589.1% | S100YS88 |

## 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 | 11.8% | 2026-03-31 |
| 一般財団法人岩崎育英文化財団 | Major shareholder | 4.9% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 4.5% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 4.4% | 2026-03-31 |
| 九州フィナンシャルグループ従業員持株会 | Major shareholder | 3.0% | 2026-03-31 |
| 株式会社福岡銀行 | Major shareholder | 3.0% | 2026-03-31 |
| 宝興業株式会社 | Major shareholder | 2.1% | 2026-03-31 |
| 岩崎産業株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| ＧＯＶＥＲＮＭＥＮＴ ＯＦ ＮＯＲＷＡＹ (常務代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.7% | 2026-03-31 |
| 株式会社宮崎銀行 | Major shareholder | 1.5% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第11期(2025/04/01－2026/03/31) | S100YS88 | 2026-07-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YS88,, |
| 訂正有価証券報告書－第10期(2024/04/01－2025/03/31) | S100WT68 | 2025-10-03 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WT68,, |
| 訂正有価証券報告書－第9期(2023/04/01－2024/03/31) | S100U425 | 2024-07-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100U425,, |
| 有価証券報告書－第8期(2022/04/01－2023/03/31) | S100QYSB | 2023-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QYSB,, |
| 有価証券報告書－第7期(令和3年4月1日－令和4年3月31日) | S100OA37 | 2022-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OA37,, |
| 訂正有価証券報告書－第6期(令和2年4月1日－令和3年3月31日) | S100MFM9 | 2021-09-13 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MFM9,, |

## 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).