# THE TOWA BANK,LTD.: 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121期(2025/04/01－2026/03/31) (S100YUNS)
> Page: https://vizora.meequs.com/en/company/towa-bank
> Retrieved: 2026-09-30T21:11:11.846Z

## Company

THE Towa Bank, founded in 1917, is a company in Regional Banks listed on TSE Prime. It has 1,232 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | THE TOWA BANK,LTD. |
| Ticker | 8558 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8558.T) |
| Listing | TSE Prime |
| Head office | 群馬県前橋市本町二丁目12番6号 |
| Representative (per filing) | 代表取締役頭取執行役員 江原 洋 |
| Founded | Jun 1917 |
| Employees (consolidated) | 1,232 |
| Average salary (parent only) | ¥6.3M |
| Fiscal year end | March |
| Website | www.towabank.co.jp (https://www.towabank.co.jp/) |
| Corporate number | 2070001003514 |
| EDINET | E03640 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YUNS, filed 2026-08-06). As of filing

## Key points (generated from figures)

- THE Towa Bank brought in ¥43.5B in ordinary revenue.
- It lost about ¥69 for every ¥100 of ordinary revenue at the ordinary level.
- Ordinary revenue changed +15.0% from the prior year, ordinary profit -567.0%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥43.5B |  |
| Ordinary income | -¥29.8B | Margin -68.6% |
| Net income | -¥24.5B | Margin -56.3% |
| Employees (consolidated) | 1,232 |  |
| EPS | ¥-688.13 |  |
| Book value per share | ¥2412.34 |  |
| Equity ratio | 3.7% |  |
| Shares outstanding | 35,775,000 |  |
| Treasury shares | 339,200 |  |
| Shareholders | 10,523 |  |
| Average salary (parent only) | ¥6.3M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥36437000000 | ¥43504000000 | +19.4% |
| Employees | 1,414 people | 1,232 people | -12.9% |
| Cash and equivalents | ¥382887000000 | ¥281037000000 | -26.6% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 43,504 | 100.0% | S100YUNS |
| Ordinary expenses | 73,342 | 168.6% | S100YUNS |
| Ordinary income | -29,837 | -68.6% | S100YUNS |
| Extraordinary income | 1,691 | 3.9% | S100YUNS |
| Extraordinary loss | 307 | 0.7% | S100YUNS |
| Pretax income | -28,452 | -65.4% | S100YUNS |
| Income tax | -3,974 | -9.1% | S100YUNS |
| Net income | -24,478 | -56.3% | S100YUNS |
| Net income attributable to owners | -24,499 | -56.3% | S100YUNS |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 169 |
| Ordinary income | -69 |
| (Ref.) Net income | -56 |

### Margin funnel

Ordinary margin -68.6% → Net margin -56.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
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 | 37,815 | 43,504 | 5,689 | +15.0% |
| Net income attributable to owners | 4,520 | -24,499 | -29,019 | -642.0% |
| Operating cash flow | -15,901 | 1,386 | 17,287 | — |
| Free cash flow | -19,503 | -954 | 18,549 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 43,555 | — | — | 8,553 | 75,281 | — | S100LPCF |
| FY ending Mar 2018 | 48,305 | — | — | 11,309 | 49,118 | — | S100OL86 |
| FY ending Mar 2019 | 37,284 | — | — | 4,797 | -31,415 | — | S100R9KN |
| FY ending Mar 2020 | 38,729 | — | — | 2,896 | 12,004 | 10,548 | S100LPCF |
| FY ending Mar 2021 | 36,437 | — | — | 2,495 | 178,218 | 175,266 | S100OL86 |
| FY ending Mar 2022 | 36,907 | — | — | 1,745 | 4,998 | 3,501 | S100R9KN |
| FY ending Mar 2023 | 33,513 | — | — | 4,094 | -209,387 | -211,225 | S100TX9F |
| FY ending Mar 2024 | 34,138 | — | — | 3,530 | 941 | -1,607 | S100W3IC |
| FY ending Mar 2025 | 37,815 | — | — | 4,520 | -15,901 | -19,503 | S100YUNS |
| FY ending Mar 2026 | 43,504 | — | — | -24,499 | 1,386 | -954 | S100YUNS |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥35.3M |
| Net income per employee (consolidated) | -¥19.9M |

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) | 1,371 | 1,314 | 1,257 | 1,232 | 1,232 |
| Average salary (parent company) | ¥5.6M | ¥5.7M | ¥6M | ¥6M | ¥6.3M |
| Average age (parent company) | 40.3 years | 40.7 years | 41.0 years | 41.0 years | 40.5 years |
| Average tenure (parent company) | 17.0 years | 17.3 years | 17.5 years | 17.4 years | 16.9 years |

Year over year: Employees (consolidated) 0.0% · Revenue (consolidated) +15.0%

## 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 | 1,386 | 3.2% | S100YUNS |
| Capital expenditure | 2,340 | 5.4% | S100YUNS |
| Free cash flow | -954 | -2.2% | 算出 |
| Investing cash flow | 114,878 | 264.1% | S100YUNS |
| Financing cash flow | -2,304 | -5.3% | S100YUNS |
| Dividends paid | 1,286 | 3.0% | S100YUNS |
| Share buyback | 1,001 | 2.3% | S100YUNS |
| Change in cash | 113,960 | 262.0% | S100YUNS |
| Cash and equivalents | 281,037 | 646.0% | S100YUNS |

## 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 | 12.4% | 2026-03-31 |
| 株式会社日本カストディ銀行 （信託口） | Major shareholder | 6.2% | 2026-03-31 |
| 東和銀行従業員持株会 | Major shareholder | 2.6% | 2026-03-31 |
| ＭＵＲＡＫＡＭＩ ＴＡＫＡＴＥＲＵ （常任代理人 三田証券株式会社） | Major shareholder | 1.5% | 2026-03-31 |
| ＪＰ ＭＯＲＧＡＮ ＣＨＡＳＥ ＢＡＮＫ ３８５７８１ （常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 1.3% | 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 | 1.3% | 2026-03-31 |
| 社会福祉法人広聖会 | Major shareholder | 1.2% | 2026-03-31 |
| 関東建設工業株式会社 | Major shareholder | 1.2% | 2026-03-31 |
| ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１ （常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 1.1% | 2026-03-31 |
| 株式会社群馬銀行 | Major shareholder | 1.1% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第121期(2025/04/01－2026/03/31) | S100YUNS | 2026-08-06 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YUNS,, |
| 有価証券報告書－第120期(2024/04/01－2025/03/31) | S100W3IC | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3IC,, |
| 有価証券報告書－第119期(2023/04/01－2024/03/31) | S100TX9F | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TX9F,, |
| 有価証券報告書－第118期(2022/04/01－2023/03/31) | S100R9KN | 2023-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9KN,, |
| 有価証券報告書－第117期(令和3年4月1日－令和4年3月31日) | S100OL86 | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OL86,, |
| 有価証券報告書－第116期(令和2年4月1日－令和3年3月31日) | S100LPCF | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LPCF,, |

## 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).