Industry map/Finance & Business Services

Major Banks industry map

Who earns the money in Major Banks, and who keeps it. When a company spans several industries, only the relevant segment is counted.

FY2025 · 11 companies · ¥45.2T

Industry map

Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.

Industry size (revenue): ¥45.2T
Companies: 11
Avg. salary（parent only）: ¥9.9M
Industry weather: Sunny

Ownership (major shareholders, % held)Japan Post HoldingsJapan Securities FinanceAlliances (from the filing's material contracts)

Mitsubishi UFJ Financial Group[8306]

Revenue: ¥14.6T▲7.3%
Operating income: —

Avg. salary ¥11.7M · 40.3（parent only）

Sumitomo Mitsui Financial Group[8316]

Revenue: ¥10.8T▲6.1%
Operating income: —

Avg. salary ¥11.8M · 39.0（parent only）

Mizuho Financial Group[8411]

Revenue: ¥9.09T▲0.6%
Operating income: —

Avg. salary ¥11.7M · 42.5（parent only）

Sumitomo Mitsui Trust Group[8309]

Revenue: ¥2.98T▲2.1%
Operating income: —

Avg. salary ¥13.9M · 46.5（parent only）

Japan Post Bank[7182]

Revenue: ¥2.85T▲13.1%
Operating income: —

Avg. salary ¥7.3M · 45.8（parent only）

Japan Post Holdings owns 49.9%

Japan Post Holdings[6178]

Banking business

Revenue: ¥2.85T▲13.1%
Operating income: ¥759.1B▲29.9%

Whole company: Revenue ¥11.4T · Net income ¥374.6B

Avg. salary ¥8.7M · 43.1（parent only）

Resona Holdings[8308]

Revenue: ¥1.36T▲21.5%
Operating income: —

Avg. salary ¥9.1M · 45.1（parent only）

Shinkin Central Bank[8421]

Business of Shinkin Central Bank

Revenue: ¥621.9B▲40.0%
Operating income: —

Whole company: Revenue ¥662.6B · Net income ¥43B

Avg. salary ¥8.6M · 37.9（parent only）

J Trust[8508]

Financial Business in Southeast Asia

Revenue: ¥45.8B▼4.1%
Operating income: ¥1.04B▼31.3%

Whole company: Revenue ¥124.3B · Net income ¥7.94B

Avg. salary ¥9.9M · 45.0（parent only）

Japan Securities Finance[8511]

Trust Banking Business

#10

Revenue: ¥10.5B▲86.1%
Operating income: ¥2.78B▲58.6%

Whole company: Revenue ¥114.2B · Net income ¥10.6B

Avg. salary ¥10.2M · 44.0（parent only）

HS Holdings[8699]

Banking Business

#11

Revenue: ¥2.62B▼10.1%
Operating income: -¥284M

Whole company: Revenue ¥55.3B · Net income ¥14.7B

Avg. salary ¥7.7M · 49.0（parent only）

Japan Securities Finance owns 4.3%

※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.

The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).

Industry takeaways

AI summary (figures come from filings)

Mitsubishi UFJ Financial Group leads with ¥14.6T. That one bank is 32% of the listed total.
Sumitomo Mitsui Financial Group booked ¥10.8T and Mizuho ¥9.09T; Sumitomo Mitsui Trust Group, in fourth, is at ¥2.98T.
Banks mostly report no operating margin here (—), so this table can't tell you who earns more per yen.
Resona Holdings had the strongest year at +21.5%. Mizuho was nearly flat at +0.6%.

Switch years to see how the map shifts

Who earns the money

Area = revenue from businesses in this industry. Color = operating margin.

LossHigh margin(middle = 0% margin)

Who makes a profit

Across = revenue (log scale), up = operating margin, bubble size = operating income.

Ranking and momentum

Rank	Company (business)	Revenue	Share	Op. margin	CAGR	FCF*
1	Mitsubishi UFJ Financial Group	¥14.6T	32.3%	—	+24.6%	-¥23.7T
2	Sumitomo Mitsui Financial Group	¥10.8T	23.9%	—	+27.3%	-¥10.8T
3	Mizuho Financial Group	¥9.09T	20.1%	—	+23.1%	-¥5.16T
4	Sumitomo Mitsui Trust Group	¥2.98T	6.6%	—	+20.8%	¥1.13T
5	Japan Post Bank	¥2.85T	6.3%	—	+9.6%	-¥9.48T
6	Japan Post HoldingsBanking business	¥2.85T	6.3%	26.6%	+9.6%	-¥10.6T
7	Resona Holdings	¥1.36T	3.0%	—	+12.6%	-¥4.77T
8	Shinkin Central BankBusiness of Shinkin Central Bank	¥621.9B	1.4%	—	+30.7%	-¥5.28T
9	J TrustFinancial Business in Southeast Asia	¥45.8B	0.1%	2.3%	+28.7%	—
10	Japan Securities FinanceTrust Banking Business	¥10.5B	0.0%	26.5%	+40.0%	¥134.8B
11	HS HoldingsBanking Business	¥2.62B	0.0%	-10.9%	-10.1%	¥1.61B

* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.

How they make money differently

Where each company's ¥100 of sales goes, and how much it keeps (company-wide).

Cost of sales
Operating costs
Ordinary expenses
SG&A
Other
Operating profit
Ordinary profit

Ownership links

From the major-shareholder section of annual securities reports.

SBIホールディングス株式会社Outside
- SubsidiarySBI Shinsei Bank71.2%
Japan Post HoldingsIn industry
- AffiliateJapan Post Bank49.9%
株式会社大和証券グループ本社Outside
- AffiliateAozora Bank23.9%
松井証券株式会社Outside
- StakeHS Holdings6.4%
Japan Securities FinanceIn industry
- StakeHS Holdings4.3%

The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.

Compare the leaders side by side

All companies in Major Banks (by revenue)

All 11 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.

Revenue · Op. margin

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