# The Minami-Nippon Bank,Ltd.: 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118期(2025/04/01－2026/03/31) (S100YMAO)
> Page: https://vizora.meequs.com/en/company/minami-nippon-bank
> Retrieved: 2026-09-30T19:58:21.749Z

## Company

The Minami-Nippon Bank, founded in 1943, is a company in Regional Banks listed on Fukuoka. It has 602 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Minami-Nippon Bank,Ltd. |
| Ticker | 8554 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8554.T) |
| Listing | Fukuoka |
| Head office | 鹿児島市山下町1番1号 |
| Representative (per filing) | 取締役頭取 田中 暁爾 |
| Founded | Nov 1943 |
| Employees (consolidated) | 602 |
| Average salary (parent only) | ¥6.2M |
| Fiscal year end | March |
| Website | nangin.jp (https://nangin.jp/) |
| Corporate number | 7340001004232 |
| EDINET | E03670 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YMAO, filed 2026-06-26). As of filing

## Key points (generated from figures)

- The Minami-Nippon Bank brought in ¥17.1B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥17 is left as ordinary profit.
- Ordinary revenue changed +3.8% from the prior year, ordinary profit +6.3%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥17.1B |  |
| Ordinary income | ¥2.92B | Margin 17.0% |
| Net income | ¥2.8B | Margin 16.3% |
| Employees (consolidated) | 602 |  |
| EPS | ¥340.1 |  |
| Diluted EPS | ¥197.16 |  |
| Book value per share | ¥4646.39 |  |
| Equity ratio | 5.1% |  |
| Shares outstanding | 7,768,000 |  |
| Treasury shares | 221,900 |  |
| Shareholders | 4,114 |  |
| Average salary (parent only) | ¥6.2M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 2.9× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥15973000000 | ¥17141000000 | +7.3% |
| Employees | 647 people | 602 people | -7.0% |
| Cash and equivalents | ¥131426000000 | ¥145338000000 | +10.6% |

### 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 | 17,141 | 100.0% | S100YMAO |
| Ordinary expenses | 14,218 | 82.9% | S100YMAO |
| Ordinary income | 2,922 | 17.0% | S100YMAO |
| Extraordinary income | 147 | 0.9% | S100YMAO |
| Extraordinary loss | 24 | 0.1% | S100YMAO |
| Pretax income | 3,045 | 17.8% | S100YMAO |
| Income tax | 244 | 1.4% | S100YMAO |
| Net income | 2,801 | 16.3% | S100YMAO |
| Net income attributable to owners | 2,800 | 16.3% | S100YMAO |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 83 |
| Ordinary income | 17 |
| (Ref.) Net income | 16 |

### Margin funnel

Ordinary margin 17.0% → Net margin 16.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +3.8%; Core profit growth: +6.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.67×
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 | 16,517 | 17,141 | 624 | +3.8% |
| Net income attributable to owners | 2,188 | 2,800 | 612 | +28.0% |
| Operating cash flow | 31,068 | 8,207 | -22,861 | -73.6% |
| Free cash flow | 30,517 | 7,596 | -22,921 | -75.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 19,283 | — | — | 1,937 | 1,643 | — | S100MLVK |
| FY ending Mar 2018 | 17,865 | — | — | 820 | 5,677 | — | S100OEOC |
| FY ending Mar 2019 | 16,722 | — | — | 762 | -7,826 | — | S100R4Q5 |
| FY ending Mar 2020 | 16,431 | — | — | 645 | 1,422 | 1,138 | S100MLVK |
| FY ending Mar 2021 | 15,973 | — | — | 1,704 | 40,361 | 40,167 | S100OEOC |
| FY ending Mar 2022 | 15,497 | — | — | 2,212 | 10,710 | 10,283 | S100R4Q5 |
| FY ending Mar 2023 | 14,651 | — | — | 1,532 | 3,881 | 3,646 | S100TRBH |
| FY ending Mar 2024 | 14,565 | — | — | 1,613 | -24,984 | -25,753 | S100W2PC |
| FY ending Mar 2025 | 16,517 | — | — | 2,188 | 31,068 | 30,517 | S100YMAO |
| FY ending Mar 2026 | 17,141 | — | — | 2,800 | 8,207 | 7,596 | S100YMAO |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥28.5M |
| Net income per employee (consolidated) | ¥4.7M |

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) | 634 | 631 | 622 | 610 | 602 |
| Average salary (parent company) | ¥5.7M | ¥5.7M | ¥5.9M | ¥6M | ¥6.2M |
| Average age (parent company) | 39.0 years | 38.7 years | 38.6 years | 38.7 years | 38.5 years |
| Average tenure (parent company) | 15.9 years | 15.6 years | 15.6 years | 15.6 years | 15.5 years |

Year over year: Employees (consolidated) -1.3% · Revenue (consolidated) +3.8%

## 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 | 8,207 | 47.9% | S100YMAO |
| Capital expenditure | 611 | 3.6% | S100YMAO |
| Free cash flow | 7,596 | 44.3% | 算出 |
| Investing cash flow | 5,119 | 29.9% | S100YMAO |
| Financing cash flow | -656 | -3.8% | S100YMAO |
| Dividends paid | 420 | 2.5% | S100YMAO |
| Share buyback | 236 | 1.4% | S100YMAO |
| Change in cash | 12,670 | 73.9% | S100YMAO |
| Cash and equivalents | 145,338 | 847.9% | S100YMAO |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 南日本銀行行員持株会 | Major shareholder | 12.8% | 2026-03-31 |
| 一般財団法人岩崎育英文化財団 | Major shareholder | 3.7% | 2026-03-31 |
| 株式会社福岡銀行 | Major shareholder | 3.3% | 2026-03-31 |
| 株式会社みずほ銀行 | Major shareholder | 3.3% | 2026-03-31 |
| 西日本信用保証株式会社 | Major shareholder | 2.6% | 2026-03-31 |
| 株式会社宮崎太陽銀行 | Major shareholder | 2.3% | 2026-03-31 |
| 株式会社鹿児島銀行 | Major shareholder | 2.1% | 2026-03-31 |
| 南国殖産株式会社 | Major shareholder | 2.1% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 2.1% | 2026-03-31 |
| 長野 健一 | Major shareholder | 2.0% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第118期(2025/04/01－2026/03/31) | S100YMAO | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YMAO,, |
| 有価証券報告書－第117期(2024/04/01－2025/03/31) | S100W2PC | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2PC,, |
| 有価証券報告書－第116期(2023/04/01－2024/03/31) | S100TRBH | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRBH,, |
| 有価証券報告書－第115期(2022/04/01－2023/03/31) | S100R4Q5 | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R4Q5,, |
| 有価証券報告書－第114期(令和3年4月1日－令和4年3月31日) | S100OEOC | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OEOC,, |
| 訂正有価証券報告書－第113期(令和2年4月1日－令和3年3月31日) | S100MLVK | 2021-10-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MLVK,, |

## 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).