# Mebuki Financial Group,Inc.: 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10期(2025/04/01－2026/03/31) (S100YAVM)
> Page: https://vizora.meequs.com/en/company/mebuki-fg
> Retrieved: 2026-09-30T19:50:28.235Z

## Company

Mebuki Financial Group, founded in 2008, is a company in Regional Banks listed on TSE Prime. It has 5,880 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Mebuki Financial Group,Inc. |
| Ticker | 7167 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7167.T) |
| Listing | TSE Prime |
| Head office | 東京都中央区日本橋室町二丁目1番1号 |
| Representative (per filing) | 取締役社長 秋野哲也 |
| Founded | Apr 2008 |
| Employees (consolidated) | 5,880 |
| Average salary (parent only) | ¥13.1M |
| Fiscal year end | March |
| Website | www.mebuki-fg.co.jp (https://www.mebuki-fg.co.jp/) |
| Corporate number | 1060001007582 |
| EDINET | E30103 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YAVM, filed 2026-06-12). As of filing

## Key points (generated from figures)

- Mebuki Financial Group brought in ¥443.3B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥26 is left as ordinary profit.
- Ordinary revenue changed +23.1% from the prior year, ordinary profit +39.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥443.3B |  |
| Ordinary income | ¥115.7B | Margin 26.1% |
| Net income | ¥84.2B | Margin 19.0% |
| Employees (consolidated) | 5,880 |  |
| EPS | ¥50.26 |  |
| Diluted EPS | ¥50.25 |  |
| Book value per share | ¥681.04 |  |
| Equity ratio | 5.1% |  |
| Shares outstanding | 947,055,000 |  |
| Treasury shares | 8,502,700 |  |
| Shareholders | 55,175 |  |
| Average salary (parent only) | ¥13.1M | Filing company only |

## Notable figures

- FY2026, buybacks were 1.5× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥274726000000 | ¥443313000000 | +61.4% |
| Employees | 6,373 people | 5,880 people | -7.7% |
| Cash and equivalents | ¥6423084000000 | ¥2431438000000 | -62.1% |

### 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 | 443,313 | 100.0% | S100YAVM |
| Ordinary expenses | 327,645 | 73.9% | S100YAVM |
| Ordinary income | 115,668 | 26.1% | S100YAVM |
| Extraordinary income | 3,178 | 0.7% | S100YAVM |
| Extraordinary loss | 801 | 0.2% | S100YAVM |
| Pretax income | 118,046 | 26.6% | S100YAVM |
| Income tax | 33,878 | 7.6% | S100YAVM |
| Net income | 84,167 | 19.0% | S100YAVM |
| Net income attributable to owners | 84,163 | 19.0% | S100YAVM |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 74 |
| Ordinary income | 26 |
| (Ref.) Net income | 19 |

### Margin funnel

Ordinary margin 26.1% → Net margin 19.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +23.1%; Core profit growth: +39.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.72×
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 | 360,163 | 443,313 | 83,150 | +23.1% |
| Net income attributable to owners | 58,228 | 84,163 | 25,935 | +44.5% |
| Operating cash flow | -981,405 | -1,119,492 | -138,087 | — |
| Free cash flow | -989,364 | -1,136,385 | -147,021 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 213,284 | — | — | 158,455 | 499,210 | — | S100LP14 |
| FY ending Mar 2018 | 262,373 | — | — | 43,069 | 412,215 | — | S100OFGE |
| FY ending Mar 2019 | 288,139 | — | — | 46,338 | 6,087 | — | S100R0IA |
| FY ending Mar 2020 | 282,737 | — | — | 36,370 | 356,104 | 348,220 | S100LP14 |
| FY ending Mar 2021 | 274,726 | — | — | 36,478 | 4,661,394 | 4,653,966 | S100OFGE |
| FY ending Mar 2022 | 268,090 | — | — | 42,958 | 1,232,138 | 1,225,414 | S100R0IA |
| FY ending Mar 2023 | 329,457 | — | — | 32,176 | -3,368,097 | -3,374,100 | S100TS1N |
| FY ending Mar 2024 | 310,068 | — | — | 43,366 | -25,189 | -35,143 | S100VZSO |
| FY ending Mar 2025 | 360,163 | — | — | 58,228 | -981,405 | -989,364 | S100YAVM |
| FY ending Mar 2026 | 443,313 | — | — | 84,163 | -1,119,492 | -1,136,385 | S100YAVM |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥75.4M |
| Net income per employee (consolidated) | ¥14.3M |

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) | 6,221 | 5,971 | 5,855 | 5,828 | 5,880 |
| Average salary (parent company) | ¥14.9M | ¥12.3M | ¥12M | ¥12M | ¥13.1M |
| Average age (parent company) | 51.2 years | 48.7 years | 46.8 years | 47.8 years | 47.5 years |
| Average tenure (parent company) | 27.3 years | 25.0 years | 23.8 years | 24.8 years | 24.4 years |

Year over year: Employees (consolidated) +0.9% · Revenue (consolidated) +23.1%

## 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 | -1,119,492 | -252.5% | S100YAVM |
| Capital expenditure | 16,893 | 3.8% | S100YAVM |
| Free cash flow | -1,136,385 | -256.3% | 算出 |
| Investing cash flow | 389,257 | 87.8% | S100YAVM |
| Financing cash flow | -49,881 | -11.3% | S100YAVM |
| Dividends paid | 20,213 | 4.6% | S100YAVM |
| Share buyback | 30,001 | 6.8% | S100YAVM |
| Change in cash | -780,116 | -176.0% | S100YAVM |
| Cash and equivalents | 2,431,438 | 548.5% | S100YAVM |

## 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 | 14.1% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 6.7% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.9% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 2.4% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 1.7% | 2026-03-31 |
| ＪＰ ＭＯＲＧＡＮ ＣＨＡＳＥ ＢＡＮＫ ３８００５５ | Major shareholder | 1.7% | 2026-03-31 |
| ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１ | Major shareholder | 1.6% | 2026-03-31 |
| ＢＮＹ ＧＣＭ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ ＪＰＲＤ ＡＣ ＩＳＧ （ＦＥ－ＡＣ） | Major shareholder | 1.5% | 2026-03-31 |
| ＪＰ ＭＯＲＧＡＮ ＣＨＡＳＥ ＢＡＮＫ ３８５７８１ | Major shareholder | 1.4% | 2026-03-31 |
| ＢＢＨ（ＬＵＸ） ＦＯＲ ＦＩＤＥＬＩＴＹ ＦＵＮＤＳ － ＪＡＰＡＮ ＡＤＶＡＮＴＡＧＥ ＰＯＯＬ | Major shareholder | 1.3% | 2026-03-31 |

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

- Revenue for FY ending Mar 2026 was ¥443.3B, up +23.1% from ¥360.2B.
- Net income attributable to owners grew +44.5% to ¥84.2B, from ¥58.2B a year earlier.
- Operating cash flow was -¥1.12T, a larger outflow than the prior year's -¥981.4B. For a bank, making more loans shows up as an operating cash outflow, so this is not a sign of losses.

### Drivers

- Lending grew across individuals, businesses and public-sector borrowers
- Yields on loans and securities rose, lifting interest income
- The operating cash outflow reflects more lending and a drop in borrowed money

### Risks

- A weaker economy in its home region of Ibaraki and Tochigi could slow growth and raise credit losses
- A sharp rise in interest rates could hurt the value of its bond holdings and push up deposit costs as banks compete for funds
- Loans are relatively concentrated in real estate and manufacturing, so trouble in those industries could raise bad loans

Cited: Annual Securities Report, 10th fiscal year (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, 10th fiscal year (Apr 2025 – Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第10期(2025/04/01－2026/03/31) | S100YAVM | 2026-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YAVM,, |
| 有価証券報告書－第9期(2024/04/01－2025/03/31) | S100VZSO | 2025-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZSO,, |
| 有価証券報告書－第8期(2023/04/01－2024/03/31) | S100TS1N | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TS1N,, |
| 有価証券報告書－第7期(2022/04/01－2023/03/31) | S100R0IA | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R0IA,, |
| 有価証券報告書－第6期(令和3年4月1日－令和4年3月31日) | S100OFGE | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFGE,, |
| 有価証券報告書－第5期(令和2年4月1日－令和3年3月31日) | S100LP14 | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LP14,, |

## 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).