# Yamaguchi Finacial Group,Inc.: 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20期(2025/04/01－2026/03/31) (S100YE1V)
> Page: https://vizora.meequs.com/en/company/yamaguchi-finacial-group
> Retrieved: 2026-09-30T22:34:36.892Z

## Company

Yamaguchi Finacial Group, founded in 2006, is a company in Regional Banks listed on TSE Prime. It has 3,459 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Yamaguchi Financial Group, Inc. |
| Ticker | 8418 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8418.T) |
| Listing | TSE Prime |
| Head office | 山口県下関市竹崎町四丁目2番36号 |
| Representative (per filing) | 代表取締役社長CEO 椋梨 敬介 |
| Founded | Jun 2006 |
| Employees (consolidated) | 3,459 |
| Average salary (parent only) | ¥8.4M |
| Fiscal year end | March |
| Website | www.ymfg.co.jp (https://www.ymfg.co.jp/) |
| Corporate number | 5250001007270 |
| EDINET | E03622 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YE1V, filed 2026-06-18). As of filing

## Key points (generated from figures)

- Yamaguchi Finacial Group brought in ¥261.9B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥17 is left as ordinary profit.
- Ordinary revenue changed +22.7% from the prior year, ordinary profit -14.1%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥261.9B |  |
| Ordinary income | ¥45B | Margin 17.2% |
| Net income | ¥33B | Margin 12.6% |
| Employees (consolidated) | 3,459 |  |
| EPS | ¥115.95 |  |
| Diluted EPS | ¥115.94 |  |
| Book value per share | ¥1633.94 |  |
| Equity ratio | 5.1% |  |
| Shares outstanding | 234,767,616 |  |
| Treasury shares | 27,404,000 |  |
| Shareholders | 31,703 |  |
| Average salary (parent only) | ¥8.4M | Filing company only |

## Notable figures

- FY2026, parent-company salary changed +56% over five years

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥183255000000 | ¥261941000000 | +42.9% |
| Employees | 4,415 people | 3,459 people | -21.7% |
| Cash and equivalents | ¥1780179000000 | ¥1647908000000 | -7.4% |

### 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 | 261,941 | 100.0% | S100YE1V |
| Ordinary expenses | 216,915 | 82.8% | S100YE1V |
| Ordinary income | 45,026 | 17.2% | S100YE1V |
| Extraordinary income | 2,851 | 1.1% | S100YE1V |
| Extraordinary loss | 1,256 | 0.5% | S100YE1V |
| Pretax income | 46,621 | 17.8% | S100YE1V |
| Income tax | 13,427 | 5.1% | S100YE1V |
| Net income | 33,193 | 12.7% | S100YE1V |
| Net income attributable to owners | 33,008 | 12.6% | S100YE1V |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 83 |
| Ordinary income | 17 |
| (Ref.) Net income | 13 |

### Margin funnel

Ordinary margin 17.2% → Net margin 12.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +22.7%; Core profit growth: -14.1%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -0.62×
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 | 213,435 | 261,941 | 48,506 | +22.7% |
| Net income attributable to owners | 35,345 | 33,008 | -2,337 | -6.6% |
| Operating cash flow | 615,092 | -245,099 | -860,191 | -139.8% |
| Free cash flow | 610,456 | -256,330 | -866,786 | -142.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 163,590 | — | — | 31,586 | -471,709 | — | S100LRVZ |
| FY ending Mar 2018 | 161,280 | — | — | 32,916 | -140,772 | — | S100OG5T |
| FY ending Mar 2019 | 162,590 | — | — | 23,148 | -247,867 | — | S100R8EX |
| FY ending Mar 2020 | 175,405 | — | — | 25,391 | 134,051 | 128,433 | S100LRVZ |
| FY ending Mar 2021 | 183,255 | — | — | 24,957 | 1,119,300 | 1,115,433 | S100OG5T |
| FY ending Mar 2022 | 147,016 | — | — | -13,005 | -77,132 | -80,638 | S100R8EX |
| FY ending Mar 2023 | 157,324 | — | — | 17,894 | -143,348 | -147,812 | S100TXEI |
| FY ending Mar 2024 | 184,753 | — | — | 25,216 | 31,956 | 23,680 | S100W0ZZ |
| FY ending Mar 2025 | 213,435 | — | — | 35,345 | 615,092 | 610,456 | S100YE1V |
| FY ending Mar 2026 | 261,941 | — | — | 33,008 | -245,099 | -256,330 | S100YE1V |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥75.7M |
| Net income per employee (consolidated) | ¥9.5M |

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) | 3,979 | 3,797 | 3,761 | 3,745 | 3,459 |
| Average salary (parent company) | ¥5.4M | ¥7.3M | ¥7.3M | ¥7.9M | ¥8.4M |
| Average age (parent company) | 40.3 years | 45.4 years | 45.0 years | 44.9 years | 45.1 years |
| Average tenure (parent company) | 17.1 years | 20.5 years | 19.8 years | 19.1 years | 19.3 years |

Year over year: Employees (consolidated) -7.6% · Revenue (consolidated) +22.7%

## 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 | -245,099 | -93.6% | S100YE1V |
| Capital expenditure | 11,231 | 4.3% | S100YE1V |
| Free cash flow | -256,330 | -97.9% | 算出 |
| Investing cash flow | 92,860 | 35.5% | S100YE1V |
| Financing cash flow | -46,430 | -17.7% | S100YE1V |
| Dividends paid | 13,169 | 5.0% | S100YE1V |
| Share buyback | 12,083 | 4.6% | S100YE1V |
| Change in cash | -198,668 | -75.8% | S100YE1V |
| Cash and equivalents | 1,647,908 | 629.1% | S100YE1V |

## 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 | 11.9% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 3.7% | 2026-03-31 |
| 明治安田生命保険相互会社 （常任代理人 株式会社日本カストディ銀行） | Major shareholder | 2.8% | 2026-03-31 |
| 株式会社山田事務所 | Major shareholder | 2.6% | 2026-03-31 |
| 住友生命保険相互会社 （常任代理人 株式会社日本カストディ銀行） | Major shareholder | 1.9% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社 （ＵＢＥ株式会社退職給付信託口） | Major shareholder | 1.9% | 2026-03-31 |
| 株式会社トクヤマ | Major shareholder | 1.8% | 2026-03-31 |
| 山口フィナンシャルグループ従業員持株会 | Major shareholder | 1.7% | 2026-03-31 |
| 日本生命保険相互会社 （常任代理人 日本マスタートラスト信託銀行株式会社） | Major shareholder | 1.5% | 2026-03-31 |
| 株式会社中電工 | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第20期(2025/04/01－2026/03/31) | S100YE1V | 2026-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YE1V,, |
| 有価証券報告書－第19期(2024/04/01－2025/03/31) | S100W0ZZ | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W0ZZ,, |
| 有価証券報告書－第18期(2023/04/01－2024/03/31) | S100TXEI | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TXEI,, |
| 有価証券報告書－第17期(2022/04/01－2023/03/31) | S100R8EX | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R8EX,, |
| 有価証券報告書－第16期(令和3年4月1日－令和4年3月31日) | S100OG5T | 2022-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OG5T,, |
| 有価証券報告書－第15期(令和2年4月1日－令和3年3月31日) | S100LRVZ | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LRVZ,, |

## 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).