# Okinawa 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5期(2025/04/01－2026/03/31) (S100YFFH)
> Page: https://vizora.meequs.com/en/company/okinawa-financial-group
> Retrieved: 2026-09-30T22:28:11.786Z

## Company

Okinawa Financial Group, founded in 2021, is a company in Regional Banks listed on TSE Prime. It has 1,513 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Okinawa Financial Group, Inc. |
| Ticker | 7350 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7350.T) |
| Listing | TSE Prime |
| Head office | 沖縄県那覇市久茂地3丁目10番1号 |
| Representative (per filing) | 代表取締役社長 山城正保 |
| Founded | May 2021 |
| Employees (consolidated) | 1,513 |
| Average salary (parent only) | ¥7.5M |
| Fiscal year end | March |
| Website | www.okinawafg.co.jp (https://www.okinawafg.co.jp/) |
| Corporate number | 2360001029471 |
| EDINET | E36730 |
| Industries (Vizora) | Regional Banks, Credit Cards & Consumer Credit, Leasing |

> Profile source: annual securities report (S100YFFH, filed 2026-06-19). As of filing

## Key points (generated from figures)

- About 73% of Okinawa Financial Group's ordinary revenue comes from Banking, with Leasing and Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥22 is left as ordinary profit.
- Ordinary revenue changed +19.8% from the prior year, ordinary profit +50.7%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥70.4B |  |
| Ordinary income | ¥15.8B | Margin 22.4% |
| Net income | ¥11.3B | Margin 16.0% |
| Employees (consolidated) | 1,513 |  |
| EPS | ¥70.42 |  |
| Diluted EPS | ¥70.39 |  |
| Book value per share | ¥6579.53 |  |
| Equity ratio | 5.5% |  |
| Shares outstanding | 23,016,000 |  |
| Treasury shares | 1,116,500 |  |
| Shareholders | 7,558 |  |
| Average salary (parent only) | ¥7.5M | Filing company only |

## What changed in 4 years

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥50480000000 | ¥70417000000 | +39.5% |
| Employees | 1,581 people | 1,513 people | -4.3% |
| Cash and equivalents | ¥590636000000 | ¥196673000000 | -66.7% |

### Change in segment revenue mix

Span: FY ending Mar 2022 → 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 | 68.7% |
| リース業 → リース業 | 17.5% |
| リース業 → 事業再編・廃止 | 4.4% |
| その他 → その他 | 9.1% |
| その他 → 事業再編・廃止 | 0.3% |
| 新設・再編 → 銀行業 | 4.7% |

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 | 4 years | +10.4% | ¥51708000000 | 26.8% | 2 |
| Leasing | 4 years | +2.6% | ¥12297000000 | 3.2% | 2 |
| Other | 4 years | +7.5% | ¥6422000000 | 35.1% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 70,417 | 100.0% | S100YFFH |
| Ordinary expenses | 54,618 | 77.6% | S100YFFH |
| Ordinary income | 15,799 | 22.4% | S100YFFH |
| Extraordinary income | 919 | 1.3% | S100YFFH |
| Extraordinary loss | 602 | 0.9% | S100YFFH |
| Pretax income | 16,115 | 22.9% | S100YFFH |
| Income tax | 4,813 | 6.8% | S100YFFH |
| Net income | 11,302 | 16.1% | S100YFFH |
| Net income attributable to owners | 11,292 | 16.0% | S100YFFH |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 78 |
| Ordinary income | 22 |
| (Ref.) Net income | 16 |

### Margin funnel

Ordinary margin 22.4% → Net margin 16.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +19.8%; Core profit growth: +50.7%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.55×
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 | 58,756 | 70,417 | 11,661 | +19.8% |
| Net income attributable to owners | 7,941 | 11,292 | 3,351 | +42.2% |
| Operating cash flow | 17,245 | -101,695 | -118,940 | -689.7% |
| Free cash flow | 15,350 | -103,510 | -118,860 | -774.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2022 | 50,480 | — | — | 5,012 | 188,081 | 183,857 | S100R6GJ |
| FY ending Mar 2023 | 52,687 | — | — | 5,835 | -50,068 | -52,339 | S100TVOL |
| FY ending Mar 2024 | 53,573 | — | — | 6,262 | -42,593 | -44,162 | S100W3MP |
| FY ending Mar 2025 | 58,756 | — | — | 7,941 | 17,245 | 15,350 | S100YFFH |
| FY ending Mar 2026 | 70,417 | — | — | 11,292 | -101,695 | -103,510 | S100YFFH |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥46.5M |
| Net income per employee (consolidated) | ¥7.5M |

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) | 1,581 | 1,558 | 1,537 | 1,492 | 1,513 |
| Average salary (parent company) | ¥7.5M | ¥7.6M | ¥7.4M | ¥7.5M | ¥7.5M |
| Average age (parent company) | 45.9 years | 45.5 years | 45.4 years | 45.4 years | 44.9 years |
| Average tenure (parent company) | 20.3 years | 19.9 years | 19.4 years | 19.3 years | 18.8 years |

Year over year: Employees (consolidated) +1.4% · Revenue (consolidated) +19.8%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking | 51,708 | 73.4% | 13,866 | 26.8% |
| Leasing | 12,297 | 17.5% | 392 | 3.2% |
| Other | 6,422 | 9.1% | 2,251 | 35.1% |

### 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 | 73.4% |
| Leasing | 17.5% |
| Other | 9.1% |

Segment → industry: Banking → Regional Banks / Other → Credit Cards & Consumer Credit / 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 | -101,695 | -144.4% | S100YFFH |
| Capital expenditure | 1,815 | 2.6% | S100YFFH |
| Free cash flow | -103,510 | -147.0% | 算出 |
| Investing cash flow | -48,349 | -68.7% | S100YFFH |
| Financing cash flow | -2,756 | -3.9% | S100YFFH |
| Dividends paid | 2,847 | 4.0% | S100YFFH |
| Share buyback | 1 | 0.0% | S100YFFH |
| Change in cash | -152,715 | -216.9% | S100YFFH |
| Cash and equivalents | 196,673 | 279.3% | S100YFFH |

## 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 | 9.7% | 2026-03-31 |
| 株式会社日本カストディ銀行(信託口) | Major shareholder | 4.4% | 2026-03-31 |
| おきなわフィナンシャルグループ従業員持株会 | Major shareholder | 3.7% | 2026-03-31 |
| 沖縄土地住宅株式会社 | Major shareholder | 3.2% | 2026-03-31 |
| 沖縄電力株式会社 | Major shareholder | 2.7% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 2.6% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.5% | 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 | 2.2% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社(株式付与ＥＳＯＰ信託口・80170口) | Major shareholder | 2.0% | 2026-03-31 |
| 野村信託銀行株式会社（信託口 2052292） | Major shareholder | 1.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第5期(2025/04/01－2026/03/31) | S100YFFH | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YFFH,, |
| 有価証券報告書－第4期(2024/04/01－2025/03/31) | S100W3MP | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3MP,, |
| 有価証券報告書－第3期(2023/04/01－2024/03/31) | S100TVOL | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TVOL,, |
| 有価証券報告書－第2期(2022/04/01－2023/03/31) | S100R6GJ | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R6GJ,, |
| 有価証券報告書－第1期(令和3年4月1日－令和4年3月31日) | S100OIXP | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OIXP,, |

## 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).