# THE TOHOKU 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106期(2025/04/01－2026/03/31) (S100YEUT)
> Page: https://vizora.meequs.com/en/company/tohoku-bank
> Retrieved: 2026-09-30T21:11:17.021Z

## Company

THE Tohoku Bank, founded in 1949, is a company in Regional Banks listed on TSE Standard. It has 560 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | THE TOHOKU BANK,LTD. |
| Ticker | 8349 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8349.T) |
| Listing | TSE Standard |
| Head office | 岩手県盛岡市内丸3番1号 |
| Representative (per filing) | 取締役頭取 佐藤 健志 |
| Founded | Nov 1949 |
| Employees (consolidated) | 560 |
| Average salary (parent only) | ¥5.6M |
| Fiscal year end | March |
| Website | www.tohoku-bank.co.jp (https://www.tohoku-bank.co.jp/) |
| Corporate number | 7400001001891 |
| EDINET | E03544 |
| Industries (Vizora) | Regional Banks, Credit Cards & Consumer Credit, Leasing |

> Profile source: annual securities report (S100YEUT, filed 2026-06-19). As of filing

## Key points (generated from figures)

- About 91% of THE Tohoku Bank's ordinary revenue comes from Banking services, with Leasing business and Other making up much of the rest.
- Out of every ¥100 of ordinary revenue, about ¥14 is left as ordinary profit.
- Ordinary revenue changed +19.3% from the prior year, ordinary profit +27.8%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥17.9B |  |
| Ordinary income | ¥2.52B | Margin 14.1% |
| Net income | ¥1.69B | Margin 9.4% |
| Employees (consolidated) | 560 |  |
| EPS | ¥171.14 |  |
| Diluted EPS | ¥101.24 |  |
| Book value per share | ¥2357.55 |  |
| Equity ratio | 3.3% |  |
| Shares outstanding | 9,509,000 |  |
| Treasury shares | 49,700 |  |
| Shareholders | 7,199 |  |
| Average salary (parent only) | ¥5.6M | Filing company only |

## Notable figures

- FY2026, operating cash flow is 3.2× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥13548000000 | ¥17932000000 | +32.4% |
| Employees | 597 people | 560 people | -6.2% |
| Cash and equivalents | ¥155284000000 | ¥67349000000 | -56.6% |

### 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 |
| --- | ---: |
| 銀行業務 → 銀行業務 | 87.6% |
| リース業務 → リース業務 | 6.8% |
| リース業務 → 事業再編・廃止 | 0.8% |
| その他 → その他 | 2.6% |
| その他 → 事業再編・廃止 | 2.3% |
| 新設・再編 → 銀行業務 | 3.1% |

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 services | 5 years | +6.5% | ¥16257000000 | 15.0% | 2 |
| Leasing business | 5 years | +3.5% | ¥1212000000 | 3.8% | 2 |
| Other | 5 years | -7.0% | ¥462000000 | 9.3% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 17,932 | 100.0% | S100YEUT |
| Ordinary expenses | 15,408 | 85.9% | S100YEUT |
| Ordinary income | 2,523 | 14.1% | S100YEUT |
| Extraordinary income | 1 | 0.0% | S100YEUT |
| Extraordinary loss | 10 | 0.1% | S100YEUT |
| Pretax income | 2,514 | 14.0% | S100YEUT |
| Income tax | 820 | 4.6% | S100YEUT |
| Net income | 1,693 | 9.4% | S100YEUT |
| Net income attributable to owners | 1,693 | 9.4% | S100YEUT |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 86 |
| Ordinary income | 14 |
| (Ref.) Net income | 9 |

### Margin funnel

Ordinary margin 14.1% → Net margin 9.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +19.3%; Core profit growth: +27.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.44×
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 | 15,028 | 17,932 | 2,904 | +19.3% |
| Net income attributable to owners | 1,069 | 1,693 | 624 | +58.4% |
| Operating cash flow | -15,086 | 5,493 | 20,579 | — |
| Free cash flow | -15,730 | 4,665 | 20,395 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 15,550 | — | — | 1,697 | -8,281 | — | S100M04S |
| FY ending Mar 2018 | 15,566 | — | — | 618 | -33,700 | — | S100OB7X |
| FY ending Mar 2019 | 13,840 | — | — | 908 | -12,394 | — | S100R1I6 |
| FY ending Mar 2020 | 13,738 | — | — | 1,111 | -3,229 | -3,631 | S100M04S |
| FY ending Mar 2021 | 13,548 | — | — | 1,149 | 127,674 | 127,276 | S100OB7X |
| FY ending Mar 2022 | 13,807 | — | — | 1,337 | 11,063 | 10,894 | S100R1I6 |
| FY ending Mar 2023 | 13,481 | — | — | 1,526 | -110,899 | -111,448 | S100TSGY |
| FY ending Mar 2024 | 14,727 | — | — | 1,376 | 59,910 | 59,196 | S100W0ZD |
| FY ending Mar 2025 | 15,028 | — | — | 1,069 | -15,086 | -15,730 | S100YEUT |
| FY ending Mar 2026 | 17,932 | — | — | 1,693 | 5,493 | 4,665 | S100YEUT |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥32M |
| Net income per employee (consolidated) | ¥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) | 596 | 567 | 559 | 563 | 560 |
| Average salary (parent company) | ¥5.2M | ¥5.2M | ¥5.4M | ¥5.4M | ¥5.6M |
| Average age (parent company) | 40.5 years | 40.0 years | 41.0 years | 40.5 years | 41.0 years |
| Average tenure (parent company) | 16.2 years | 16.6 years | 16.6 years | 15.9 years | 16.1 years |

Year over year: Employees (consolidated) -0.5% · Revenue (consolidated) +19.3%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Banking services | 16,257 | 90.7% | 2,434 | 15.0% |
| Leasing business | 1,212 | 6.8% | 46 | 3.8% |
| Other | 462 | 2.6% | 43 | 9.3% |

### 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 services | 90.7% |
| Leasing business | 6.8% |
| Other | 2.6% |

Segment → industry: Banking services → Regional Banks / Other → Credit Cards & Consumer Credit / Leasing 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 | 5,493 | 30.6% | S100YEUT |
| Capital expenditure | 828 | 4.6% | S100YEUT |
| Free cash flow | 4,665 | 26.0% | 算出 |
| Investing cash flow | -56 | -0.3% | S100YEUT |
| Financing cash flow | -485 | -2.7% | S100YEUT |
| Dividends paid | 484 | 2.7% | S100YEUT |
| Share buyback | 0 | 0.0% | S100YEUT |
| Change in cash | 4,950 | 27.6% | S100YEUT |
| Cash and equivalents | 67,349 | 375.6% | S100YEUT |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社整理回収機構 | Major shareholder | 29.7% | 2026-03-31 |
| 株式会社十文字チキンカンパニー | Major shareholder | 2.2% | 2026-03-31 |
| ＳＢＩ地銀ホールディングス株式会社 | Major shareholder | 2.1% | 2026-03-31 |
| 株式会社日本カストディ銀行 （信託口） | Major shareholder | 2.0% | 2026-03-31 |
| 東北銀行従業員持株会 | Major shareholder | 2.0% | 2026-03-31 |
| 株式会社富士電業社 | Major shareholder | 1.3% | 2026-03-31 |
| 富国生命保険相互会社 | Major shareholder | 0.8% | 2026-03-31 |
| 大樹生命保険株式会社 | Major shareholder | 0.8% | 2026-03-31 |
| 有限会社新居浜ビジネスセンター | Major shareholder | 0.7% | 2026-03-31 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 0.7% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第106期(2025/04/01－2026/03/31) | S100YEUT | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YEUT,, |
| 有価証券報告書－第105期(2024/04/01－2025/03/31) | S100W0ZD | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0ZD,, |
| 有価証券報告書－第104期(2023/04/01－2024/03/31) | S100TSGY | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSGY,, |
| 有価証券報告書－第103期(2022/04/01－2023/03/31) | S100R1I6 | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1I6,, |
| 有価証券報告書－第102期(令和3年4月1日－令和4年3月31日) | S100OB7X | 2022-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OB7X,, |
| 訂正有価証券報告書－第101期(令和2年4月1日－令和3年3月31日) | S100M04S | 2021-07-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100M04S,, |

## 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).