# Shinkin Central Bank: 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76期(2025/04/01－2026/03/31) (S100YRHX)
> Page: https://vizora.meequs.com/en/company/shinkin-central-bank
> Retrieved: 2026-09-30T19:55:19.973Z

## Company

Shinkin Central Bank, founded in 1950, is a company in Major Banks. It has 1,849 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Shinkin Central Bank |
| Ticker | 8421 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8421.T) |
| Head office | 東京都中央区八重洲一丁目3番7号 |
| Representative (per filing) | 理事長 柴田弘之 |
| Founded | May 1950 |
| Employees (consolidated) | 1,849 |
| Average salary (parent only) | ¥8.6M |
| Fiscal year end | March |
| Website | www.shinkin-central-bank.jp (https://www.shinkin-central-bank.jp/) |
| Corporate number | 3010005002392 |
| EDINET | E03729 |
| Industries (Vizora) | Major Banks |

> Profile source: annual securities report (S100YRHX, filed 2026-07-21). As of filing

## Key points (generated from figures)

- About 94% of Shinkin Central Bank's ordinary revenue comes from Business of Shinkin Central Bank, with Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥8 is left as ordinary profit.
- Ordinary revenue changed +37.3% from the prior year, ordinary profit -4.1%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥662.6B |  |
| Ordinary income | ¥56.2B | Margin 8.5% |
| Net income | ¥43B | Margin 6.5% |
| Employees (consolidated) | 1,849 |  |
| EPS | ¥5345.15 |  |
| Book value per share | ¥249139.2 |  |
| Equity ratio | 3.4% |  |
| Shares outstanding | 4,000,000 |  |
| Shareholders | 254 |  |
| Average salary (parent only) | ¥8.6M | Filing company only |

## Notable figures

- FY2026, revenue is 2.7× its level five years ago

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥260993000000 | ¥662624000000 | +153.9% |
| Employees | 1,702 people | 1,849 people | +8.6% |
| Cash and equivalents | ¥14492817000000 | ¥12227841000000 | -15.6% |

### 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.

| Flow | Revenue share |
| --- | ---: |
| 信金中央金庫の事業 → 信金中央金庫の事業 | 85.9% |
| その他 → その他 | 6.1% |
| その他 → 事業再編・廃止 | 7.9% |
| 新設・再編 → 信金中央金庫の事業 | 7.9% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 662,624 | 100.0% | S100YRHX |
| Ordinary expenses | 606,467 | 91.5% | S100YRHX |
| Ordinary income | 56,156 | 8.5% | S100YRHX |
| Extraordinary income | 3,764 | 0.6% | S100YRHX |
| Extraordinary loss | 749 | 0.1% | S100YRHX |
| Pretax income | 59,171 | 8.9% | S100YRHX |
| Income tax | 15,756 | 2.4% | S100YRHX |
| Net income | 43,414 | 6.6% | S100YRHX |
| Net income attributable to owners | 43,006 | 6.5% | S100YRHX |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 92 |
| Ordinary income | 8 |
| (Ref.) Net income | 6 |

### Margin funnel

Ordinary margin 8.5% → Net margin 6.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +37.3%; Core profit growth: -4.1%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -0.11×
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 | 482,583 | 662,624 | 180,041 | +37.3% |
| Net income attributable to owners | 42,449 | 43,006 | 557 | +1.3% |
| Operating cash flow | 399,442 | -5,269,014 | -5,668,456 | -1419.1% |
| Free cash flow | 380,344 | -5,279,347 | -5,659,691 | -1488.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 319,307 | — | — | 43,871 | 1,157,771 | — | S100LTJJ |
| FY ending Mar 2018 | 304,692 | — | — | 44,466 | 2,543,638 | — | S100OJPW |
| FY ending Mar 2019 | 293,727 | — | — | 44,781 | 792,853 | — | S100R8JH |
| FY ending Mar 2020 | 301,954 | — | — | 40,227 | 332,744 | 322,249 | S100LTJJ |
| FY ending Mar 2021 | 260,993 | — | — | 31,649 | 2,416,674 | 2,408,913 | S100OJPW |
| FY ending Mar 2022 | 249,597 | — | — | 35,942 | 306,800 | 300,067 | S100R8JH |
| FY ending Mar 2023 | 373,723 | — | — | 26,221 | -171,934 | -184,914 | S100TV5J |
| FY ending Mar 2024 | 427,435 | — | — | 32,145 | 3,110,438 | 3,099,844 | S100W4JN |
| FY ending Mar 2025 | 482,583 | — | — | 42,449 | 399,442 | 380,344 | S100YRHX |
| FY ending Mar 2026 | 662,624 | — | — | 43,006 | -5,269,014 | -5,279,347 | S100YRHX |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥358.4M |
| Net income per employee (consolidated) | ¥23.3M |

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) | 1,746 | 1,750 | 1,772 | 1,805 | 1,849 |
| Average salary (parent company) | ¥8M | ¥7.9M | ¥7.9M | ¥8.3M | ¥8.6M |
| Average age (parent company) | 38.4 years | 38.3 years | 38.1 years | 38.0 years | 37.9 years |
| Average tenure (parent company) | 14.7 years | 14.6 years | 14.2 years | 13.9 years | 13.9 years |

Year over year: Employees (consolidated) +2.4% · Revenue (consolidated) +37.3%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Business of Shinkin Central Bank | 621,927 | 93.9% | — | — |
| Other | 40,743 | 6.1% | — | — |

### 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 |
| --- | ---: |
| Business of Shinkin Central Bank | 93.9% |
| Other | 6.1% |

Segment → industry: Business of Shinkin Central Bank → Major 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 | -5,269,014 | -795.2% | S100YRHX |
| Capital expenditure | 10,333 | 1.6% | S100YRHX |
| Free cash flow | -5,279,347 | -796.7% | 算出 |
| Investing cash flow | -831,575 | -125.5% | S100YRHX |
| Financing cash flow | -22,737 | -3.4% | S100YRHX |
| Dividends paid | 22,603 | 3.4% | S100YRHX |
| Change in cash | -6,123,326 | -924.1% | S100YRHX |
| Cash and equivalents | 12,227,841 | 1845.4% | S100YRHX |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 京都中央信用金庫 | Major shareholder | 2.5% | 2026-03-31 |
| 城北信用金庫 | Major shareholder | 1.9% | 2026-03-31 |
| 尼崎信用金庫 | Major shareholder | 1.9% | 2026-03-31 |
| 多摩信用金庫 | Major shareholder | 1.8% | 2026-03-31 |
| 浜松いわた信用金庫 | Major shareholder | 1.8% | 2026-03-31 |
| 埼玉縣信用金庫 | Major shareholder | 1.7% | 2026-03-31 |
| 京都信用金庫 | Major shareholder | 1.7% | 2026-03-31 |
| 大阪シティ信用金庫 | Major shareholder | 1.7% | 2026-03-31 |
| 岡崎信用金庫 | Major shareholder | 1.6% | 2026-03-31 |
| 岐阜信用金庫 | Major shareholder | 1.6% | 2026-03-31 |

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

- Revenue for the FY ending Mar 2026 was ¥662.6B, up 37.3% from ¥482.6B.
- Net income only edged up 1.3%, from ¥42.4B to ¥43B, because interest paid on deposits climbed along with income.
- Operating cash flow swung from ¥399.4B to -¥5.27T. For a bank this line includes changes in loans and deposits, so the outflow is about balance-sheet moves rather than weak earnings.

### Drivers

- Interest and dividends on securities rose, lifting income
- Higher deposit rates raised the interest it pays, so expenses grew as well
- More lending to the government and public bodies, plus fewer time deposits, pushed operating cash flow into an outflow

### Risks

- As Japan settles into positive interest rates, funding costs are expected to keep rising
- US policy uncertainty, Middle East tensions and commodity-driven inflation could make markets more volatile
- Moves in interest rates and stock prices could push results away from the bank's own forecast

Cited: Amended Annual Securities Report (76th term) (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 Securities Report (76th term) (経営方針、経営環境及び対処すべき課題等)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第76期(2025/04/01－2026/03/31) | S100YRHX | 2026-07-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YRHX,, |
| 有価証券報告書－第75期(2024/04/01－2025/03/31) | S100W4JN | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W4JN,, |
| 有価証券報告書－第74期(2023/04/01－2024/03/31) | S100TV5J | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TV5J,, |
| 有価証券報告書－第73期(2022/04/01－2023/03/31) | S100R8JH | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8JH,, |
| 有価証券報告書－第72期(令和3年4月1日－令和4年3月31日) | S100OJPW | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OJPW,, |
| 有価証券報告書－第71期(令和2年4月1日－令和3年3月31日) | S100LTJJ | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LTJJ,, |

## 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).