# Nishi-Nippon Financial Holdings, 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) (S100YEOV)
> Page: https://vizora.meequs.com/en/company/nnfh
> Retrieved: 2026-09-30T18:59:08.181Z

## Company

Nishi-Nippon Financial Holdings, founded in 2016, is a company in Regional Banks listed on TSE Prime. It has 4,252 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Nishi-Nippon Financial Holdings, Inc. |
| Ticker | 7189 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7189.T) |
| Listing | TSE Prime |
| Head office | 福岡市博多区博多駅前三丁目1番1号 |
| Representative (per filing) | 代表取締役社長 村上英之 |
| Founded | May 2016 |
| Employees (consolidated) | 4,252 |
| Average salary (parent only) | ¥9.7M |
| Fiscal year end | March |
| Website | www.nnfh.co.jp (https://www.nnfh.co.jp/) |
| Corporate number | 5290001075355 |
| EDINET | E32447 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YEOV, filed 2026-06-19). As of filing

## Key points (generated from figures)

- About 90% of Nishi-Nippon Financial Holdings's ordinary revenue comes from Banking, with Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥24 is left as ordinary profit.
- Ordinary revenue changed +25.7% from the prior year, ordinary profit +29.1%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥246.9B |  |
| Ordinary income | ¥58.8B | Margin 23.8% |
| Net income | ¥40.1B | Margin 16.3% |
| Employees (consolidated) | 4,252 |  |
| EPS | ¥105.7 |  |
| Book value per share | ¥2740.05 |  |
| Equity ratio | 4.5% |  |
| Shares outstanding | 146,391,000 |  |
| Treasury shares | 7,042,900 |  |
| Shareholders | 14,319 |  |
| Average salary (parent only) | ¥9.7M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥134949000000 | ¥246860000000 | +82.9% |
| Employees | 4,018 people | 4,252 people | +5.8% |
| Cash and equivalents | ¥1733067000000 | ¥1384673000000 | -20.1% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 銀行業 → 銀行業 | 89.9% |
| 銀行業 → 事業再編・廃止 | 1.0% |
| その他 → その他 | 9.0% |
| 新設・再編 → その他 | 1.0% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 246,860 | 100.0% | S100YEOV |
| Ordinary expenses | 188,076 | 76.2% | S100YEOV |
| Ordinary income | 58,784 | 23.8% | S100YEOV |
| Extraordinary income | 53 | 0.0% | S100YEOV |
| Extraordinary loss | 691 | 0.3% | S100YEOV |
| Pretax income | 58,146 | 23.6% | S100YEOV |
| Income tax | 17,449 | 7.1% | S100YEOV |
| Net income | 40,697 | 16.5% | S100YEOV |
| Net income attributable to owners | 40,116 | 16.3% | S100YEOV |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 76 |
| Ordinary income | 24 |
| (Ref.) Net income | 16 |

### Margin funnel

Ordinary margin 23.8% → Net margin 16.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +25.7%; Core profit growth: +29.1%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.13×
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 | 196,415 | 246,860 | 50,445 | +25.7% |
| Net income attributable to owners | 30,982 | 40,116 | 9,134 | +29.5% |
| Operating cash flow | -552,212 | -65,691 | 486,521 | — |
| Free cash flow | -559,204 | -105,876 | 453,328 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 145,862 | — | — | 22,214 | 66,974 | — | S100LVAQ |
| FY ending Mar 2018 | 142,613 | — | — | 21,467 | 204,828 | — | S100OKO3 |
| FY ending Mar 2019 | 143,740 | — | — | 22,899 | 249,346 | — | S100RSNH |
| FY ending Mar 2020 | 141,698 | — | — | 20,222 | 188,242 | 183,849 | S100LVAQ |
| FY ending Mar 2021 | 134,949 | — | — | 18,088 | 243,056 | 238,223 | S100OKO3 |
| FY ending Mar 2022 | 138,484 | — | — | 24,236 | 1,151,099 | 1,145,765 | S100RSNH |
| FY ending Mar 2023 | 160,448 | — | — | 26,064 | -639,731 | -645,219 | S100TWYE |
| FY ending Mar 2024 | 185,595 | — | — | 23,576 | 197,020 | 191,385 | S100W4TT |
| FY ending Mar 2025 | 196,415 | — | — | 30,982 | -552,212 | -559,204 | S100YEOV |
| FY ending Mar 2026 | 246,860 | — | — | 40,116 | -65,691 | -105,876 | S100YEOV |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥58.1M |
| Net income per employee (consolidated) | ¥9.4M |

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) | 3,915 | 4,215 | 4,169 | 4,184 | 4,252 |
| Average salary (parent company) | ¥10.5M | ¥9.8M | ¥10.6M | ¥10.6M | ¥9.7M |
| Average age (parent company) | 48.4 years | 49.8 years | 50.8 years | 52.7 years | 46.6 years |
| Average tenure (parent company) | 24.5 years | 21.8 years | 25.0 years | 26.1 years | 21.5 years |

Year over year: Employees (consolidated) +1.6% · Revenue (consolidated) +25.7%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 221,971 | 89.9% | 52,037 | 23.4% |
| Other | 24,889 | 10.1% | 19,688 | 79.1% |

### 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 |
| --- | ---: |
| Banking | 89.9% |
| Other | 10.1% |

Segment → industry: Banking → Regional Banks

## 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 | -65,691 | -26.6% | S100YEOV |
| Capital expenditure | 40,185 | 16.3% | S100YEOV |
| Free cash flow | -105,876 | -42.9% | 算出 |
| Investing cash flow | -205,882 | -83.4% | S100YEOV |
| Financing cash flow | -13,040 | -5.3% | S100YEOV |
| Dividends paid | 12,532 | 5.1% | S100YEOV |
| Share buyback | 6 | 0.0% | S100YEOV |
| Change in cash | -284,610 | -115.3% | S100YEOV |
| Cash and equivalents | 1,384,673 | 560.9% | S100YEOV |

## 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 | 12.7% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 9.4% | 2026-03-31 |
| 株式会社麻生 | Major shareholder | 2.2% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.0% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 2.0% | 2026-03-31 |
| ＪＡ三井リース株式会社 | Major shareholder | 1.4% | 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 | 1.4% | 2026-03-31 |
| ＤＦＡ ＩＮＴＬ ＳＭＡＬＬ ＣＡＰ ＶＡＬＵＥ ＰＯＲＴＦＯＬＩＯ（常任代理人 シティバンク、エヌ・エイ東京支店 カストディ業務部） | Major shareholder | 1.4% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.4% | 2026-03-31 |
| 東洋海事工業株式会社 | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第10期(2025/04/01－2026/03/31) | S100YEOV | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEOV,, |
| 有価証券報告書－第9期(2024/04/01－2025/03/31) | S100W4TT | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W4TT,, |
| 有価証券報告書－第8期(2023/04/01－2024/03/31) | S100TWYE | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TWYE,, |
| 訂正有価証券報告書－第7期(2022/04/01－2023/03/31) | S100RSNH | 2023-09-04 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RSNH,, |
| 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) | S100OKO3 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKO3,, |
| 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) | S100LVAQ | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LVAQ,, |

## 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).