# THE TAIKO 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124期(2025/04/01－2026/03/31) (S100YC1U)
> Page: https://vizora.meequs.com/en/company/taiko-bank
> Retrieved: 2026-09-30T20:31:44.820Z

## Company

THE Taiko Bank, founded in 1942, is a company in Regional Banks listed on TSE Standard. It has 883 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | THE TAIKO BANK,LTD. |
| Ticker | 8537 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8537.T) |
| Listing | TSE Standard |
| Head office | 新潟県長岡市大手通一丁目5番地6 |
| Representative (per filing) | 取締役頭取 川合 昌一 |
| Founded | Mar 1942 |
| Employees (consolidated) | 883 |
| Average salary (parent only) | ¥5.9M |
| Fiscal year end | March |
| Website | www.taikobank.jp (https://www.taikobank.jp/) |
| Corporate number | 5110001022754 |
| EDINET | E03645 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YC1U, filed 2026-06-19). As of filing

## Key points (generated from figures)

- THE Taiko Bank brought in ¥29.3B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥14 is left as ordinary profit.
- Ordinary revenue changed +30.8% from the prior year, ordinary profit +4.5%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥29.3B |  |
| Ordinary income | ¥4.07B | Margin 13.9% |
| Net income | ¥2.8B | Margin 9.5% |
| Employees (consolidated) | 883 |  |
| EPS | ¥288.5 |  |
| Diluted EPS | ¥283.66 |  |
| Book value per share | ¥8239.26 |  |
| Equity ratio | 4.7% |  |
| Shares outstanding | 9,671,000 |  |
| Treasury shares | 141,500 |  |
| Shareholders | 5,079 |  |
| Average salary (parent only) | ¥5.9M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥22117000000 | ¥29344000000 | +32.7% |
| Employees | 856 people | 883 people | +3.2% |
| Cash and equivalents | ¥231901000000 | ¥143399000000 | -38.2% |

### 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 | 29,344 | 100.0% | S100YC1U |
| Ordinary expenses | 25,277 | 86.1% | S100YC1U |
| Ordinary income | 4,067 | 13.9% | S100YC1U |
| Extraordinary income | 8 | 0.0% | S100YC1U |
| Extraordinary loss | 147 | 0.5% | S100YC1U |
| Pretax income | 3,928 | 13.4% | S100YC1U |
| Income tax | 1,105 | 3.8% | S100YC1U |
| Net income | 2,822 | 9.6% | S100YC1U |
| Net income attributable to owners | 2,799 | 9.5% | S100YC1U |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 86 |
| Ordinary income | 14 |
| (Ref.) Net income | 10 |

### Margin funnel

Ordinary margin 13.9% → Net margin 9.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +30.8%; Core profit growth: +4.5%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.15×
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 | 22,436 | 29,344 | 6,908 | +30.8% |
| Net income attributable to owners | 2,495 | 2,799 | 304 | +12.2% |
| Operating cash flow | 40,931 | 4,288 | -36,643 | -89.5% |
| Free cash flow | 40,207 | 3,251 | -36,956 | -91.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 22,279 | — | — | 3,170 | -5,855 | — | S100LMOC |
| FY ending Mar 2018 | 21,289 | — | — | 3,555 | 26 | — | S100OU19 |
| FY ending Mar 2019 | 22,506 | — | — | 2,579 | 44,927 | — | S100R277 |
| FY ending Mar 2020 | 22,950 | — | — | 1,147 | -647 | -1,653 | S100LMOC |
| FY ending Mar 2021 | 22,117 | — | — | 1,571 | 143,439 | 142,683 | S100OU19 |
| FY ending Mar 2022 | 21,220 | — | — | 2,042 | -4,192 | -4,516 | S100R277 |
| FY ending Mar 2023 | 21,844 | — | — | 1,280 | -139,400 | -139,630 | S100TQJA |
| FY ending Mar 2024 | 21,968 | — | — | 1,716 | 1,598 | 732 | S100VZXH |
| FY ending Mar 2025 | 22,436 | — | — | 2,495 | 40,931 | 40,207 | S100YC1U |
| FY ending Mar 2026 | 29,344 | — | — | 2,799 | 4,288 | 3,251 | S100YC1U |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥33.2M |
| Net income per employee (consolidated) | ¥3.2M |

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) | 838 | 813 | 793 | 891 | 883 |
| Average salary (parent company) | ¥5.5M | ¥5.7M | ¥5.6M | ¥5.6M | ¥5.9M |
| Average age (parent company) | 42.3 years | 42.6 years | 43.1 years | 41.5 years | 41.3 years |
| Average tenure (parent company) | 17.8 years | 18.1 years | 18.5 years | 17.1 years | 17.1 years |

Year over year: Employees (consolidated) -0.9% · Revenue (consolidated) +30.8%

## 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 | 4,288 | 14.6% | S100YC1U |
| Capital expenditure | 1,037 | 3.5% | S100YC1U |
| Free cash flow | 3,251 | 11.1% | 算出 |
| Investing cash flow | 12,818 | 43.7% | S100YC1U |
| Financing cash flow | -812 | -2.8% | S100YC1U |
| Dividends paid | 667 | 2.3% | S100YC1U |
| Share buyback | 0 | 0.0% | S100YC1U |
| Change in cash | 16,295 | 55.5% | S100YC1U |
| Cash and equivalents | 143,399 | 488.7% | S100YC1U |

## 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 | 3.6% | 2026-03-31 |
| 大光従業員持株会 | Major shareholder | 3.3% | 2026-03-31 |
| SBI地銀ホールディングス株式会社 | Major shareholder | 2.8% | 2026-03-31 |
| 株式会社第四北越銀行 | Major shareholder | 2.4% | 2026-03-31 |
| 鈴木 高幸 | Major shareholder | 1.7% | 2026-03-31 |
| 株式会社東和銀行 | Major shareholder | 1.6% | 2026-03-31 |
| 株式会社大東銀行 | Major shareholder | 1.5% | 2026-03-31 |
| セコム上信越株式会社 | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社トマト銀行 | Major shareholder | 1.2% | 2026-03-31 |
| 株式会社八十二長野銀行 | Major shareholder | 1.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第124期(2025/04/01－2026/03/31) | S100YC1U | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YC1U,, |
| 有価証券報告書－第123期(2024/04/01－2025/03/31) | S100VZXH | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZXH,, |
| 有価証券報告書－第122期(2023/04/01－2024/03/31) | S100TQJA | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TQJA,, |
| 有価証券報告書－第121期(2022/04/01－2023/03/31) | S100R277 | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R277,, |
| 訂正有価証券報告書－第120期(令和3年4月1日－令和4年3月31日) | S100OU19 | 2022-08-05 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OU19,, |
| 有価証券報告書－第119期(令和2年4月1日－令和3年3月31日) | S100LMOC | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMOC,, |

## 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).