# The Miyazaki Taiyo 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125期(2025/04/01－2026/03/31) (S100YG72)
> Page: https://vizora.meequs.com/en/company/miyazaki-taiyo-bank
> Retrieved: 2026-09-30T20:39:04.078Z

## Company

The Miyazaki Taiyo Bank, founded in 1941, is a company in Regional Banks listed on Fukuoka. It has 570 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | The Miyazaki Taiyo Bank, Ltd. |
| Ticker | 8560 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8560.T) |
| Listing | Fukuoka |
| Head office | 宮崎市広島2丁目1番31号 |
| Representative (per filing) | 取締役頭取 黒木浩 |
| Founded | Aug 1941 |
| Employees (consolidated) | 570 |
| Average salary (parent only) | ¥5.4M |
| Fiscal year end | March |
| Website | www.taiyobank.co.jp (https://www.taiyobank.co.jp/) |
| Corporate number | 6350001001824 |
| EDINET | E03669 |
| Industries (Vizora) | Regional Banks, Leasing, Venture Capital |

> Profile source: annual securities report (S100YG72, filed 2026-06-22). As of filing

## Key points (generated from figures)

- About 87% of The Miyazaki Taiyo Bank's ordinary revenue comes from Banking, with Leasing and guarantee and Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥14 is left as ordinary profit.
- Ordinary revenue changed +21.4% from the prior year, ordinary profit +37.3%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥18B |  |
| Ordinary income | ¥2.59B | Margin 14.4% |
| Net income | ¥1.48B | Margin 8.2% |
| Employees (consolidated) | 570 |  |
| EPS | ¥259.52 |  |
| Diluted EPS | ¥188.81 |  |
| Book value per share | ¥7495.54 |  |
| Equity ratio | 5.5% |  |
| Shares outstanding | 5,342,000 |  |
| Treasury shares | 276,200 |  |
| Shareholders | 3,052 |  |
| Average salary (parent only) | ¥5.4M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 5.2× net income
- FY2026, buybacks were 1.4× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥13912000000 | ¥18046000000 | +29.7% |
| Employees | 645 people | 570 people | -11.6% |
| Cash and equivalents | ¥143582000000 | ¥76363000000 | -46.8% |

### 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 |
| --- | ---: |
| 銀行業 → 銀行業 | 84.5% |
| リース・保証等事業 → リース・保証等事業 | 12.6% |
| リース・保証等事業 → 事業再編・廃止 | 2.9% |
| 新設・再編 → 銀行業 | 2.8% |
| 新設・再編 → その他 | 0.1% |

Segment revenue source references: 6 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Banking | 5 years | +6.0% | ¥15749000000 | 15.6% | 2 |
| Leasing and guarantee | 5 years | +1.1% | ¥2273000000 | 5.5% | 2 |
| Other | 2 years | -17.1% | ¥22000000 | 27.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 18,046 | 100.0% | S100YG72 |
| Ordinary expenses | 15,455 | 85.6% | S100YG72 |
| Ordinary income | 2,590 | 14.4% | S100YG72 |
| Extraordinary income | 0 | 0.0% | S100YG72 |
| Extraordinary loss | 43 | 0.2% | S100YG72 |
| Pretax income | 2,546 | 14.1% | S100YG72 |
| Income tax | 991 | 5.5% | S100YG72 |
| Net income | 1,554 | 8.6% | S100YG72 |
| Net income attributable to owners | 1,480 | 8.2% | S100YG72 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 86 |
| Ordinary income | 14 |
| (Ref.) Net income | 8 |

### Margin funnel

Ordinary margin 14.4% → Net margin 8.2%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +21.4%; Core profit growth: +37.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.74×
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 | 14,859 | 18,046 | 3,187 | +21.4% |
| Net income attributable to owners | 1,332 | 1,480 | 148 | +11.1% |
| Operating cash flow | 8,596 | 7,635 | -961 | -11.2% |
| Free cash flow | 7,751 | 6,941 | -810 | -10.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 15,244 | — | — | 2,906 | 8,642 | — | S100LQRP |
| FY ending Mar 2018 | 15,444 | — | — | 1,211 | 11,231 | — | S100PRZ7 |
| FY ending Mar 2019 | 14,663 | — | — | 1,041 | -6,404 | — | S100R2I5 |
| FY ending Mar 2020 | 14,204 | — | — | 1,066 | 1,211 | 836 | S100LQRP |
| FY ending Mar 2021 | 13,912 | — | — | 1,242 | 99,816 | 98,830 | S100PRZ7 |
| FY ending Mar 2022 | 13,792 | — | — | 1,628 | 33,043 | 32,474 | S100R2I5 |
| FY ending Mar 2023 | 14,373 | — | — | 1,550 | -61,791 | -62,372 | S100TTJL |
| FY ending Mar 2024 | 14,615 | — | — | 1,763 | -16,785 | -17,315 | S100W3HA |
| FY ending Mar 2025 | 14,859 | — | — | 1,332 | 8,596 | 7,751 | S100YG72 |
| FY ending Mar 2026 | 18,046 | — | — | 1,480 | 7,635 | 6,941 | S100YG72 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥31.7M |
| Net income per employee (consolidated) | ¥2.6M |

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) | 624 | 614 | 605 | 590 | 570 |
| Average salary (parent company) | ¥4.8M | ¥4.9M | ¥5.2M | ¥5.3M | ¥5.4M |
| Average age (parent company) | 37.5 years | 37.6 years | 37.8 years | 37.8 years | 37.4 years |
| Average tenure (parent company) | 15.1 years | 15.3 years | 15.5 years | 15.5 years | 15.2 years |

Year over year: Employees (consolidated) -3.4% · Revenue (consolidated) +21.4%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 15,749 | 87.3% | 2,457 | 15.6% |
| Leasing and guarantee | 2,273 | 12.6% | 125 | 5.5% |
| Other | 22 | 0.1% | 6 | 27.3% |

### 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 |
| --- | ---: |
| Banking | 87.3% |
| Leasing and guarantee | 12.6% |
| Other | 0.1% |

Segment → industry: Banking → Regional Banks / Leasing and guarantee → Leasing / Other → Venture Capital

## 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 | 7,635 | 42.3% | S100YG72 |
| Capital expenditure | 694 | 3.8% | S100YG72 |
| Free cash flow | 6,941 | 38.5% | 算出 |
| Investing cash flow | -5,461 | -30.3% | S100YG72 |
| Financing cash flow | -873 | -4.8% | S100YG72 |
| Dividends paid | 371 | 2.1% | S100YG72 |
| Share buyback | 504 | 2.8% | S100YG72 |
| Change in cash | 1,302 | 7.2% | S100YG72 |
| Cash and equivalents | 76,363 | 423.2% | S100YG72 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社宮崎銀行 | Major shareholder | 9.5% | 2026-03-31 |
| 宮崎太陽銀行従業員持株会 | Major shareholder | 5.0% | 2026-03-31 |
| 株式会社大成住宅 | Major shareholder | 2.9% | 2026-03-31 |
| 株式会社福岡中央銀行 | Major shareholder | 2.6% | 2026-03-31 |
| 九州総合信用株式会社 | Major shareholder | 2.3% | 2026-03-31 |
| 株式会社南日本銀行 | Major shareholder | 2.3% | 2026-03-31 |
| 株式会社豊和銀行 | Major shareholder | 2.2% | 2026-03-31 |
| 大和冷機工業株式会社 | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社福岡銀行 | Major shareholder | 2.2% | 2026-03-31 |
| 株式会社西日本シティ銀行 | Major shareholder | 1.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第125期(2025/04/01－2026/03/31) | S100YG72 | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YG72,, |
| 有価証券報告書－第124期(2024/04/01－2025/03/31) | S100W3HA | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3HA,, |
| 有価証券報告書－第123期(2023/04/01－2024/03/31) | S100TTJL | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TTJL,, |
| 有価証券報告書－第122期(2022/04/01－2023/03/31) | S100R2I5 | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R2I5,, |
| 訂正有価証券報告書－第121期(令和3年4月1日－令和4年3月31日) | S100PRZ7 | 2022-12-09 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PRZ7,, |
| 有価証券報告書－第120期(令和2年4月1日－令和3年3月31日) | S100LQRP | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQRP,, |

## 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).