# SBI Shinsei Bank, Limited: 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26期(2025/04/01－2026/03/31) (S100YT5Q)
> Page: https://vizora.meequs.com/en/company/sbi-shinsei-bank
> Retrieved: 2026-09-30T20:33:11.998Z

## Company

SBI Shinsei Bank, founded in 1952, is a company in Major Banks listed on TSE Prime. It has 5,828 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | SBI Shinsei Bank, Limited |
| Ticker | 8303 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8303.T) |
| Listing | TSE Prime |
| Head office | 東京都中央区日本橋室町二丁目4番3号 |
| Representative (per filing) | 代表取締役社長 最高経営責任者 川島 克哉 |
| Founded | Dec 1952 |
| Employees (consolidated) | 5,828 |
| Average salary (parent only) | ¥8.6M |
| Fiscal year end | March |
| Website | corp.sbishinseibank.co.jp (https://corp.sbishinseibank.co.jp/) |
| Corporate number | 7010001016855 |
| EDINET | E03530 |
| Industries (Vizora) | Major Banks, Investment Funds, Leasing, Consumer Finance, Credit Cards & Consumer Credit |

> Profile source: annual securities report (S100YT5Q, filed 2026-07-30). As of filing

## Key points (generated from figures)

- SBI Shinsei Bank brought in ¥774.1B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥16 is left as ordinary profit.
- Ordinary revenue changed +26.1% from the prior year, ordinary profit +58.6%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥774.1B |  |
| Ordinary income | ¥123.4B | Margin 15.9% |
| Net income | ¥113.4B | Margin 14.7% |
| Employees (consolidated) | 5,828 |  |
| EPS | ¥66.87 |  |
| Diluted EPS | ¥66.79 |  |
| Book value per share | ¥1201 |  |
| Equity ratio | 5.0% |  |
| Shares outstanding | 895,500,000 |  |
| Treasury shares | 8,500,000 |  |
| Shareholders | 232,078 |  |
| Average salary (parent only) | ¥8.6M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 16.9× net income
- FY2026, revenue is 2.1× its level five years ago

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥374247000000 | ¥774058000000 | +106.8% |
| Employees | 5,605 people | 5,828 people | +4.0% |
| Cash and equivalents | ¥1806556000000 | ¥4623613000000 | +155.9% |

### 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 | 774,058 | 100.0% | S100YT5Q |
| Ordinary expenses | 650,675 | 84.1% | S100YT5Q |
| Ordinary income | 123,382 | 15.9% | S100YT5Q |
| Extraordinary income | 635 | 0.1% | S100YT5Q |
| Extraordinary loss | 1,899 | 0.2% | S100YT5Q |
| Pretax income | 122,118 | 15.8% | S100YT5Q |
| Income tax | 9,144 | 1.2% | S100YT5Q |
| Net income | 112,974 | 14.6% | S100YT5Q |
| Net income attributable to owners | 113,415 | 14.7% | S100YT5Q |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 84 |
| Ordinary income | 16 |
| (Ref.) Net income | 15 |

### Margin funnel

Ordinary margin 15.9% → Net margin 14.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +26.1%; Core profit growth: +58.6%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.25×
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 | 614,001 | 774,058 | 160,057 | +26.1% |
| Net income attributable to owners | 84,499 | 113,415 | 28,916 | +34.2% |
| Operating cash flow | 1,984,626 | 1,914,143 | -70,483 | -3.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 380,444 | — | — | 50,759 | 175,676 | — | S100LMNS |
| FY ending Mar 2018 | 383,869 | — | — | 51,414 | 167,415 | — | S100OCJI |
| FY ending Mar 2019 | 372,243 | — | — | 52,319 | 13,946 | — | S100R8GG |
| FY ending Mar 2020 | 399,503 | — | — | 45,575 | 306,515 | — | S100LMNS |
| FY ending Mar 2021 | 374,247 | — | — | 45,109 | 249,230 | — | S100OCJI |
| FY ending Mar 2022 | 373,328 | — | — | 20,385 | -470,630 | — | S100R8GG |
| FY ending Mar 2023 | 421,853 | — | — | 42,771 | 1,306,967 | — | S100UCTS |
| FY ending Mar 2024 | 530,771 | — | — | 57,924 | 1,188,163 | — | S100W0XD |
| FY ending Mar 2025 | 614,001 | — | — | 84,499 | 1,984,626 | — | S100YT5Q |
| FY ending Mar 2026 | 774,058 | — | — | 113,415 | 1,914,143 | — | S100YT5Q |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥132.8M |
| Net income per employee (consolidated) | ¥19.5M |

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) | 5,608 | 5,548 | 5,650 | 5,689 | 5,828 |
| Average salary (parent company) | ¥7.7M | ¥7.8M | — | — | ¥8.6M |
| Average age (parent company) | 42.6 years | 42.8 years | — | — | 42.7 years |
| Average tenure (parent company) | 12.2 years | 14.0 years | — | — | 13.1 years |

Year over year: Employees (consolidated) +2.4% · Revenue (consolidated) +26.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Corporate business | — | — | 27,818 | — |
| Structured finance | — | — | 17,006 | — |
| Principal transactions | — | — | 15,517 | — |
| Markets | — | — | 3,436 | — |
| Showa Leasing | — | — | 2,410 | — |
| Retail banking | — | — | 12,509 | — |
| Shinsei Financial | — | — | 11,673 | — |
| APLUS | — | — | 12,498 | — |
| Other Individual | — | — | 7,437 | — |
| Overseas Business | — | — | 9,479 | — |
| Securities Investment | — | — | 10,088 | — |
| Other corporate/other | — | — | -11,443 | — |

Segment → industry: Corporate business → Major Banks / Structured finance → Major Banks / Principal transactions → Investment Funds / Markets → Major Banks / Showa Leasing → Leasing / Retail banking → Major Banks / Shinsei Financial → Consumer Finance / APLUS → Credit Cards & Consumer Credit / Overseas Business → 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 | 1,914,143 | 247.3% | S100YT5Q |
| Investing cash flow | -1,189,291 | -153.6% | S100YT5Q |
| Financing cash flow | 126,952 | 16.4% | S100YT5Q |
| Dividends paid | 1,800 | 0.2% | S100YT5Q |
| Change in cash | 851,803 | 110.0% | S100YT5Q |
| Cash and equivalents | 4,623,613 | 597.3% | S100YT5Q |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| SBIホールディングス株式会社 | Major shareholder | 71.2% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 2.6% | 2026-03-31 |
| QATAR HOLDING LLC （常任代理人 みずほ銀行決済営業部） | Major shareholder | 1.9% | 2026-03-31 |
| 日本証券金融株式会社 | Major shareholder | 0.6% | 2026-03-31 |
| JPモルガン証券株式会社 | Major shareholder | 0.4% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 0.4% | 2026-03-31 |
| JP MORGAN CHASE BANK 385167 （常任代理人 みずほ銀行決済営業部） | Major shareholder | 0.4% | 2026-03-31 |
| MSIP CLIENT SECURITIES （常任代理人 モルガン・スタンレーMUFG証券株式会社） | Major shareholder | 0.4% | 2026-03-31 |
| 農林中央金庫 | Major shareholder | 0.4% | 2026-03-31 |
| 野村證券株式会社 | Major shareholder | 0.4% | 2026-03-31 |

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

- Revenue for FY ending Mar 2026 was ¥774.1B, up +26.1% from ¥614B a year earlier.
- Net income attributable to owners grew +34.2%, from ¥84.5B to ¥113.4B.
- Operating cash flow slipped -3.6%, from ¥1.98T to ¥1.91T.

### Drivers

- Non-interest income grew on gains from venture investment exits, income from loan securitizations, and higher mortgage fees
- Credit costs fell as the bank built up better-quality assets
- Net interest income dipped because paying competitive deposit rates raised funding costs

### Risks

- Higher rates could push property prices down and raise losses on non-recourse real estate loans
- Tougher competition for deposits could lift funding costs
- In consumer finance, higher funding costs may not be fully passed on to borrowers

Cited: Amended annual report: management's analysis (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); Amended annual report: business risks (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第26期(2025/04/01－2026/03/31) | S100YT5Q | 2026-07-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YT5Q,, |
| 有価証券報告書－第25期(2024/04/01－2025/03/31) | S100W0XD | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0XD,, |
| 訂正有価証券報告書－第24期(2023/04/01－2024/03/31) | S100UCTS | 2024-09-11 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UCTS,, |
| 有価証券報告書－第23期(2022/04/01－2023/03/31) | S100R8GG | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8GG,, |
| 有価証券報告書－第22期(令和3年4月1日－令和4年3月31日) | S100OCJI | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OCJI,, |
| 有価証券報告書－第21期(令和2年4月1日－令和3年3月31日) | S100LMNS | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMNS,, |

## 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).