# Yokohama Financial Group, Inc.: 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10期(2025/04/01－2026/03/31) (S100YDG1)
> Page: https://vizora.meequs.com/en/company/yokohama-financial-group
> Retrieved: 2026-09-30T19:15:42.067Z

## Company

Yokohama Financial Group, founded in 2015, is a company in Regional Banks listed on TSE Prime. It has 6,313 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Yokohama Financial Group, Inc. |
| Ticker | 7186 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7186.T) |
| Listing | TSE Prime |
| Head office | 東京都中央区日本橋2丁目7番1号 |
| Representative (per filing) | 代表取締役社長 片岡達也 |
| Founded | Dec 2015 |
| Employees (consolidated) | 6,313 |
| Average salary (parent only) | ¥10M |
| Fiscal year end | March |
| Website | www.yokohamafg.co.jp (https://www.yokohamafg.co.jp/) |
| Corporate number | 8010001174710 |
| EDINET | E32022 |
| Industries (Vizora) | Regional Banks |

> Profile source: annual securities report (S100YDG1, filed 2026-06-17). As of filing

## Key points (generated from figures)

- Yokohama Financial Group brought in ¥490.7B in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥32 is left as ordinary profit.
- Ordinary revenue changed +23.0% from the prior year, ordinary profit +26.3%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥490.7B |  |
| Ordinary income | ¥155B | Margin 31.6% |
| Net income | ¥106.5B | Margin 21.7% |
| Employees (consolidated) | 6,313 |  |
| EPS | ¥21.43 |  |
| Book value per share | ¥813.53 |  |
| Equity ratio | 5.5% |  |
| Shares outstanding | 1,144,616,000 |  |
| Treasury shares | 30,142,400 |  |
| Shareholders | 48,361 |  |
| Average salary (parent only) | ¥10M | Filing company only |

## Notable figures

- FY2026, buybacks were 1.1× dividends

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥291729000000 | ¥490724000000 | +68.2% |
| Employees | 5,995 people | 6,313 people | +5.3% |
| Cash and equivalents | ¥4074238000000 | ¥4050191000000 | -0.6% |

### 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 | 490,724 | 100.0% | S100YDG1 |
| Ordinary expenses | 335,706 | 68.4% | S100YDG1 |
| Ordinary income | 155,018 | 31.6% | S100YDG1 |
| Extraordinary income | 0 | 0.0% | S100YDG1 |
| Extraordinary loss | 1,267 | 0.3% | S100YDG1 |
| Pretax income | 153,751 | 31.3% | S100YDG1 |
| Income tax | 45,804 | 9.3% | S100YDG1 |
| Net income | 107,946 | 22.0% | S100YDG1 |
| Net income attributable to owners | 106,523 | 21.7% | S100YDG1 |

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

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 68 |
| Ordinary income | 32 |
| (Ref.) Net income | 22 |

### Margin funnel

Ordinary margin 31.6% → Net margin 21.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +23.0%; Core profit growth: +26.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.14×
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 | 399,103 | 490,724 | 91,621 | +23.0% |
| Net income attributable to owners | 82,805 | 106,523 | 23,718 | +28.6% |
| Operating cash flow | 376,257 | -121,704 | -497,961 | -132.3% |
| Free cash flow | 360,451 | -145,079 | -505,530 | -140.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 329,476 | — | — | 126,656 | 1,006,035 | — | S100LMJ0 |
| FY ending Mar 2018 | 327,600 | — | — | 66,413 | -606,618 | — | S100QOF1 |
| FY ending Mar 2019 | 306,494 | — | — | 54,285 | 247,695 | — | S100RVX1 |
| FY ending Mar 2020 | 306,236 | — | — | 46,536 | -294,594 | -311,867 | S100LMJ0 |
| FY ending Mar 2021 | 291,729 | — | — | 25,326 | 2,039,109 | 2,023,608 | S100QOF1 |
| FY ending Mar 2022 | 286,979 | — | — | 53,881 | 1,247,289 | 1,230,026 | S100RVX1 |
| FY ending Mar 2023 | 312,983 | — | — | 56,159 | 965,540 | 953,251 | S100TNGG |
| FY ending Mar 2024 | 358,303 | — | — | 66,931 | -2,217,487 | -2,234,914 | S100VWWW |
| FY ending Mar 2025 | 399,103 | — | — | 82,805 | 376,257 | 360,451 | S100YDG1 |
| FY ending Mar 2026 | 490,724 | — | — | 106,523 | -121,704 | -145,079 | S100YDG1 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥77.7M |
| Net income per employee (consolidated) | ¥16.9M |

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) | 5,825 | 5,604 | 5,815 | 5,941 | 6,313 |
| Average salary (parent company) | ¥11.1M | ¥9.8M | ¥9.6M | ¥12.1M | ¥10M |
| Average age (parent company) | 41.4 years | 40.0 years | 39.4 years | 38.5 years | 44.6 years |
| Average tenure (parent company) | 12.5 years | 12.7 years | 12.0 years | 9.4 years | 18.8 years |

Year over year: Employees (consolidated) +6.3% · Revenue (consolidated) +23.0%

## 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 | -121,704 | -24.8% | S100YDG1 |
| Capital expenditure | 23,375 | 4.8% | S100YDG1 |
| Free cash flow | -145,079 | -29.6% | 算出 |
| Investing cash flow | -116,716 | -23.8% | S100YDG1 |
| Financing cash flow | -64,531 | -13.2% | S100YDG1 |
| Dividends paid | 37,644 | 7.7% | S100YDG1 |
| Share buyback | 41,754 | 8.5% | S100YDG1 |
| Change in cash | -302,951 | -61.7% | S100YDG1 |
| Cash and equivalents | 4,050,191 | 825.4% | S100YDG1 |

## 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 | 16.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 6.4% | 2026-03-31 |
| みずほ信託銀行株式会社 退職給付信託 明治安田生命保険口 再信託受託者 株式会社日本カストディ銀行 | Major shareholder | 3.3% | 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 | 2.7% | 2026-03-31 |
| 明治安田生命保険相互会社 | Major shareholder | 2.7% | 2026-03-31 |
| 日本生命保険相互会社 | Major shareholder | 2.2% | 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 | 1.4% | 2026-03-31 |
| 住友生命保険相互会社 | Major shareholder | 1.3% | 2026-03-31 |
| BBH(LUX) FOR FIDELITY FUNDS - JAPAN ADVANTAGE POOL（常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 1.3% | 2026-03-31 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 1.2% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for FY ending Mar 2026 was ¥490.7B, up +23.0% from ¥399.1B.
- Net income attributable to owners grew +28.6%, from ¥82.8B to ¥106.5B.
- Operating cash flow went from ¥376.3B to -¥121.7B.

### Drivers

- Interest from loans and securities rose, lifting net interest income.
- Few new defaults kept credit costs down.
- The newly consolidated L&F Asset Finance added to profit, while pay raises pushed up operating expenses.

### Risks

- Falling rates would shrink lending margins, while rising rates could cause losses on its government bond holdings.
- A large share of its loans goes to small businesses, households, and real estate companies, so trouble there would hit results.
- Its business is centered on the Tokyo area, so a regional downturn would raise credit risk.

Cited: Amended Annual Securities Report (10th term) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Amended Annual Securities Report (10th term) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第10期(2025/04/01－2026/03/31) | S100YDG1 | 2026-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YDG1,, |
| 有価証券報告書－第9期(2024/04/01－2025/03/31) | S100VWWW | 2025-06-12 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VWWW,, |
| 有価証券報告書－第8期(2023/04/01－2024/03/31) | S100TNGG | 2024-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TNGG,, |
| 訂正有価証券報告書－第7期(2022/04/01－2023/03/31) | S100RVX1 | 2023-09-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RVX1,, |
| 訂正有価証券報告書－第6期(2021/04/01－2022/03/31) | S100QOF1 | 2023-05-02 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QOF1,, |
| 有価証券報告書－第5期(令和2年4月1日－令和3年3月31日) | S100LMJ0 | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMJ0,, |

## 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).