# Tsukuba 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102期(2025/04/01－2026/03/31) (S100YDJN)
> Page: https://vizora.meequs.com/en/company/tsukuba-bank
> Retrieved: 2026-09-30T21:47:25.303Z

## Company

Tsukuba Bank, founded in 1921, is a company in Regional Banks listed on TSE Prime. It has 1,260 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Tsukuba Bank, Ltd. |
| Ticker | 8338 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8338.T) |
| Listing | TSE Prime |
| Head office | 茨城県土浦市中央二丁目11番7号 |
| Representative (per filing) | 取締役頭取 生田 雅彦 |
| Founded | Nov 1921 |
| Employees (consolidated) | 1,260 |
| Average salary (parent only) | ¥6.6M |
| Fiscal year end | March |
| Website | www.tsukubabank.co.jp (https://www.tsukubabank.co.jp/) |
| Corporate number | 4050001009057 |
| EDINET | E03552 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YDJN, filed 2026-06-18). As of filing

## Key points (generated from figures)

- Tsukuba Bank brought in ¥50.3B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥15 is left as ordinary profit.
- Ordinary revenue changed +22.2% from the prior year, ordinary profit +66.6%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥50.3B |  |
| Ordinary income | ¥7.46B | Margin 14.8% |
| Net income | ¥6.67B | Margin 13.3% |
| Employees (consolidated) | 1,260 |  |
| EPS | ¥79.01 |  |
| Diluted EPS | ¥33.41 |  |
| Book value per share | ¥794.11 |  |
| Equity ratio | 3.7% |  |
| Shares outstanding | 82,553,000 |  |
| Treasury shares | 142,800 |  |
| Shareholders | 24,470 |  |
| Average salary (parent only) | ¥6.6M | Filing company only |

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥35791000000 | ¥50273000000 | +40.5% |
| Employees | 1,467 people | 1,260 people | -14.1% |
| Cash and equivalents | ¥335045000000 | ¥161327000000 | -51.8% |

### 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 → 事業再編・廃止 | 98.5% |
| 信用保証業、与信事務受託業 → 事業再編・廃止 | 1.1% |
| その他 → 事業再編・廃止 | 0.4% |

Segment revenue source references: 3 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 50,273 | 100.0% | S100YDJN |
| Ordinary expenses | 42,815 | 85.2% | S100YDJN |
| Ordinary income | 7,457 | 14.8% | S100YDJN |
| Extraordinary loss | 446 | 0.9% | S100YDJN |
| Pretax income | 7,010 | 13.9% | S100YDJN |
| Income tax | 340 | 0.7% | S100YDJN |
| Net income | 6,670 | 13.3% | S100YDJN |
| Net income attributable to owners | 6,670 | 13.3% | S100YDJN |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 85 |
| Ordinary income | 15 |
| (Ref.) Net income | 13 |

### Margin funnel

Ordinary margin 14.8% → Net margin 13.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +22.2%; Core profit growth: +66.6%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.99×
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 | 41,126 | 50,273 | 9,147 | +22.2% |
| Net income attributable to owners | 4,103 | 6,670 | 2,567 | +62.6% |
| Operating cash flow | -23,037 | -139,590 | -116,553 | — |
| Free cash flow | -24,150 | -141,469 | -117,319 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 41,186 | — | — | 3,701 | -5,925 | — | S100LPI8 |
| FY ending Mar 2018 | 40,606 | — | — | 3,037 | 86,159 | — | S100OFVK |
| FY ending Mar 2019 | 38,119 | — | — | 1,083 | -39,540 | — | S100R0V9 |
| FY ending Mar 2020 | 37,819 | — | — | 1,223 | -54,177 | -56,259 | S100LPI8 |
| FY ending Mar 2021 | 35,791 | — | — | 1,760 | 174,182 | 172,936 | S100OFVK |
| FY ending Mar 2022 | 36,680 | — | — | 4,233 | 219,997 | 218,463 | S100R0V9 |
| FY ending Mar 2023 | 37,098 | — | — | 2,095 | -261,932 | -263,455 | S100TSHP |
| FY ending Mar 2024 | 41,092 | — | — | 2,195 | 7,191 | 5,628 | S100VZA7 |
| FY ending Mar 2025 | 41,126 | — | — | 4,103 | -23,037 | -24,150 | S100YDJN |
| FY ending Mar 2026 | 50,273 | — | — | 6,670 | -139,590 | -141,469 | S100YDJN |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥39.9M |
| Net income per employee (consolidated) | ¥5.3M |

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) | 1,421 | 1,362 | 1,335 | 1,293 | 1,260 |
| Average salary (parent company) | ¥5.9M | ¥5.9M | ¥6M | ¥6.2M | ¥6.6M |
| Average age (parent company) | 42.5 years | 43.0 years | 43.0 years | 43.0 years | 42.5 years |
| Average tenure (parent company) | 20.0 years | 20.4 years | 20.4 years | 20.2 years | 19.6 years |

Year over year: Employees (consolidated) -2.6% · Revenue (consolidated) +22.2%

## 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 | -139,590 | -277.7% | S100YDJN |
| Capital expenditure | 1,879 | 3.7% | S100YDJN |
| Free cash flow | -141,469 | -281.4% | 算出 |
| Investing cash flow | -2,209 | -4.4% | S100YDJN |
| Financing cash flow | -416 | -0.8% | S100YDJN |
| Dividends paid | 415 | 0.8% | S100YDJN |
| Share buyback | 0 | 0.0% | S100YDJN |
| Change in cash | -142,215 | -282.9% | S100YDJN |
| Cash and equivalents | 161,327 | 320.9% | S100YDJN |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社整理回収機構 | Major shareholder | 45.9% | 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 | 5.7% | 2026-03-31 |
| 筑波銀行行員持株会 | Major shareholder | 3.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.6% | 2026-03-31 |
| 株式会社広沢製作所 | Major shareholder | 1.0% | 2026-03-31 |
| 三菱UFJeスマート証券株式会社 | Major shareholder | 0.9% | 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 | 0.7% | 2026-03-31 |
| DIMENSIONAL ETF TRUST-DIMENSIONAL INTERNATIONAL SMALL CAP VALUE ETF（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 0.7% | 2026-03-31 |
| 株式会社SBI証券 | Major shareholder | 0.7% | 2026-03-31 |
| 高橋 慧 | Major shareholder | 0.6% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第102期(2025/04/01－2026/03/31) | S100YDJN | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDJN,, |
| 有価証券報告書－第101期(2024/04/01－2025/03/31) | S100VZA7 | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZA7,, |
| 有価証券報告書－第100期(2023/04/01－2024/03/31) | S100TSHP | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TSHP,, |
| 有価証券報告書－第99期(2022/04/01－2023/03/31) | S100R0V9 | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R0V9,, |
| 有価証券報告書－第98期(令和3年4月1日－令和4年3月31日) | S100OFVK | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OFVK,, |
| 有価証券報告書－第97期(令和2年4月1日－令和3年3月31日) | S100LPI8 | 2021-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LPI8,, |

## 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).