Financials

Aozora Bank: FYE Mar 2026 and ten years of results (43 metrics)

FYE Mar 2026 · Revenue¥242bnYoY +4.7%
FYE Mar 2026 · Operating profit¥27bnYoY +54.8%
FYE Mar 2026 · Net profit¥26bnYoY +25.3%
FYE Mar 2026 · Equity ratio5.6%YoY −0.2pp
FYE Mar 2026 · Group employees2,515YoY +38
Fiscal yearRevenueYoYOperating profitYoYMarginNet profitChief executiveThat year
FYE Mar 2017Consolidated¥135bnn/a¥52bnn/a38.4%¥44bnBaba Shinsuke—
FYE Mar 2018Consolidated¥149bn+10.5%¥58bn+12.0%39.0%¥43bnBaba ShinsukeHead office moves to Kojimachi, Chiyoda-ku, Tokyo
FYE Mar 2019Consolidated¥160bn+7.6%¥48bn−17.6%29.8%¥36bnBaba ShinsukeGMO Aozora Net Bank launched for corporate customers
FYE Mar 2020Consolidated¥184bn+15.2%¥43bn−9.3%23.5%¥28bnBaba Shinsuke<a class="en-history_person" href="/tse/8304/executives/ceo/tanigawa-akira/" hreflang="ja">Tanigawa Akira</a> becomes president; BANK deposit brand launched
FYE Mar 2021Consolidated¥156bn−15.5%¥39bn−10.0%25.0%¥29bnBaba Shinsuke15% stake in Vietnam’s Orient Commercial Joint Stock Bank
FYE Mar 2022Consolidated¥135bn−13.5%¥46bn+18.8%34.4%¥35bnTanigawa Akira—
FYE Mar 2023Consolidated¥183bn+36.0%¥7.4bn−84.1%4.0%¥8.7bnTanigawa Akira—
FYE Mar 2024Consolidated¥246bn+34.4%-¥55bn−845.2%-22.3%-¥50bnTanigawa Akira—
FYE Mar 2025Consolidated¥231bn−6.0%¥18bnn/a7.6%¥21bnTanigawa AkiraNet loss of <span class="en-history_money" data-yen="49900000000" data-year="2024">$329.4M (¥50bn)</span> on US offices and foreign bonds; <a class="en-history_person" href="/tse/8304/executives/ceo/omi-hideto/" hreflang="ja">Omi Hideto</a> becomes president
FYE Mar 2026Consolidated¥242bn+4.7%¥27bn+54.8%11.2%¥26bnOmi Hideto—

How it compares

Japan Post Bank¥2.85tnFY2025Operating margin 26.6%
SBI Shinsei Bank, Limited¥774bnFY2025Operating margin 15.9%
Rakuten Bank, Ltd.¥256bnFY2025Operating margin 40.3%
Aozora Bank¥242bnFY2025Operating margin 11.2%
Nihonshoukenkinyuu¥59bnFY2024Operating margin 19.0%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn
Cost of sales Operating profit

Margins

%
Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Mar 2026 ¥242bn
CAGR · 10 yrs +6.7%
Fiscal year Revenue ¥ bn YoY Basis
FYE Mar 2017 135 n/a Cons. · Japanese GAAP
FYE Mar 2018 149 +10.5% Cons. · Japanese GAAP
FYE Mar 2019 160 +7.6% Cons. · Japanese GAAP
FYE Mar 2020 184 +15.2% Cons. · Japanese GAAP
FYE Mar 2021 156 −15.5% Cons. · Japanese GAAP
FYE Mar 2022 135 −13.5% Cons. · Japanese GAAP
FYE Mar 2023 183 +36.0% Cons. · Japanese GAAP
FYE Mar 2024 246 +34.4% Cons. · Japanese GAAP
FYE Mar 2025 231 −6.0% Cons. · Japanese GAAP
FYE Mar 2026 242 +4.7% Cons. · Japanese GAAP
Definition
Everything the company took in from its own business
Formula
Revenue line of the income statement
Source
Securities report (XBRL)

Cost of sales

FYE Mar 2026 ¥215bn
CAGR · 10 yrs +11.2%
Fiscal year Cost of sales ¥ bn YoY Basis
FYE Mar 2017 82.9 n/a Cons. · Japanese GAAP
FYE Mar 2018 90.8 +9.5% Cons. · Japanese GAAP
FYE Mar 2019 112 +23.7% Cons. · Japanese GAAP
FYE Mar 2020 141 +25.6% Cons. · Japanese GAAP
FYE Mar 2021 117 −17.2% Cons. · Japanese GAAP
FYE Mar 2022 88.4 −24.3% Cons. · Japanese GAAP
FYE Mar 2023 176 +98.9% Cons. · Japanese GAAP
FYE Mar 2024 301 +71.2% Cons. · Japanese GAAP
FYE Mar 2025 214 −29.0% Cons. · Japanese GAAP
FYE Mar 2026 215 +0.6% Cons. · Japanese GAAP
Definition
The cost of what was sold
Formula
Cost of sales line of the income statement
Source
Securities report (XBRL)

Operating profit

FYE Mar 2026 ¥27bn
CAGR · 10 yrs −6.9%
Fiscal year Operating profit ¥ bn YoY Basis
FYE Mar 2017 51.8 n/a Cons. · Japanese GAAP
FYE Mar 2018 58.0 +12.0% Cons. · Japanese GAAP
FYE Mar 2019 47.8 −17.6% Cons. · Japanese GAAP
FYE Mar 2020 43.3 −9.3% Cons. · Japanese GAAP
FYE Mar 2021 39.0 −10.0% Cons. · Japanese GAAP
FYE Mar 2022 46.3 +18.8% Cons. · Japanese GAAP
FYE Mar 2023 7.4 −84.1% Cons. · Japanese GAAP
FYE Mar 2024 -54.8 −845.2% Cons. · Japanese GAAP
FYE Mar 2025 17.6 n/a Cons. · Japanese GAAP
FYE Mar 2026 27.2 +54.8% Cons. · Japanese GAAP
Definition
What the core business earns
Formula
Gross profit − SG&A
Source
Securities report (XBRL)

Ordinary profit keijo rieki

FYE Mar 2026 ¥27bn
CAGR · 10 yrs −6.9%
Fiscal year Ordinary profit ¥ bn YoY Basis
FYE Mar 2017 51.8 n/a Cons. · Japanese GAAP
FYE Mar 2018 58.0 +12.0% Cons. · Japanese GAAP
FYE Mar 2019 47.8 −17.6% Cons. · Japanese GAAP
FYE Mar 2020 43.3 −9.3% Cons. · Japanese GAAP
FYE Mar 2021 39.0 −10.0% Cons. · Japanese GAAP
FYE Mar 2022 46.3 +18.8% Cons. · Japanese GAAP
FYE Mar 2023 7.4 −84.1% Cons. · Japanese GAAP
FYE Mar 2024 -54.8 −845.2% Cons. · Japanese GAAP
FYE Mar 2025 17.6 n/a Cons. · Japanese GAAP
FYE Mar 2026 27.2 +54.8% Cons. · Japanese GAAP
Definition
A level of profit that exists only under Japanese GAAP
Formula
Operating profit + non-operating income − non-operating expenses
Source
Securities report (XBRL)

Extraordinary income

FYE Mar 2026 ¥0.0bn
Average · 7 yrs ¥0.8bn
Fiscal year Extraordinary income ¥ bn YoY Basis
FYE Mar 2017 n/a n/a Cons. · Japanese GAAP
FYE Mar 2018 n/a n/a Cons. · Japanese GAAP
FYE Mar 2019 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2020 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2021 n/a n/a Cons. · Japanese GAAP
FYE Mar 2022 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2023 0.0 n/a Cons. · Japanese GAAP
FYE Mar 2024 1.9 n/a Cons. · Japanese GAAP
FYE Mar 2025 3.4 +82.2% Cons. · Japanese GAAP
FYE Mar 2026 0.0 −100.0% Cons. · Japanese GAAP
Definition
One-off gains, such as an asset sale
Formula
Extraordinary income line of the income statement
Source
Securities report (XBRL)

Extraordinary loss

FYE Mar 2026 n/a
CAGR · 6 yrs +14.9%
Fiscal year Extraordinary loss ¥ m YoY Basis
FYE Mar 2017 1.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 21.0 +2000.0% Cons. · Japanese GAAP
FYE Mar 2019 1.0 −95.2% Cons. · Japanese GAAP
FYE Mar 2020 4.0 +300.0% Cons. · Japanese GAAP
FYE Mar 2021 4.0 −0.0% Cons. · Japanese GAAP
FYE Mar 2022 n/a n/a Cons. · Japanese GAAP
FYE Mar 2023 2.0 n/a Cons. · Japanese GAAP
FYE Mar 2024 n/a n/a Cons. · Japanese GAAP
FYE Mar 2025 n/a n/a Cons. · Japanese GAAP
FYE Mar 2026 n/a n/a Cons. · Japanese GAAP
Definition
One-off losses, such as an impairment or a restructuring charge
Formula
Extraordinary loss line of the income statement
Source
Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Mar 2026 ¥26bn
CAGR · 10 yrs −5.8%
Fiscal year Net profit ¥ bn YoY Basis
FYE Mar 2017 43.8 n/a Cons. · Japanese GAAP
FYE Mar 2018 43.1 −1.8% Cons. · Japanese GAAP
FYE Mar 2019 36.1 −16.1% Cons. · Japanese GAAP
FYE Mar 2020 28.1 −22.1% Cons. · Japanese GAAP
FYE Mar 2021 29.0 +2.9% Cons. · Japanese GAAP
FYE Mar 2022 35.0 +20.8% Cons. · Japanese GAAP
FYE Mar 2023 8.7 −75.1% Cons. · Japanese GAAP
FYE Mar 2024 -49.9 −672.4% Cons. · Japanese GAAP
FYE Mar 2025 20.5 n/a Cons. · Japanese GAAP
FYE Mar 2026 25.7 +25.3% Cons. · Japanese GAAP
Definition
What is left after tax
Formula
Pre-tax profit − income taxes
Source
Securities report (XBRL)

Operating margin

FYE Mar 2026 11.2%
Average · 10 yrs 19.1%
Fiscal year Operating margin % YoY Basis
FYE Mar 2017 38.4 n/a Cons. · Japanese GAAP
FYE Mar 2018 39.0 +0.5pp Cons. · Japanese GAAP
FYE Mar 2019 29.8 −9.1pp Cons. · Japanese GAAP
FYE Mar 2020 23.5 −6.4pp Cons. · Japanese GAAP
FYE Mar 2021 25.0 +1.5pp Cons. · Japanese GAAP
FYE Mar 2022 34.4 +9.3pp Cons. · Japanese GAAP
FYE Mar 2023 4.0 −30.3pp Cons. · Japanese GAAP
FYE Mar 2024 -22.3 −26.3pp Cons. · Japanese GAAP
FYE Mar 2025 7.6 +29.8pp Cons. · Japanese GAAP
FYE Mar 2026 11.2 +3.6pp Cons. · Japanese GAAP
Definition
The share of revenue the core business keeps
Formula
Operating profit ÷ revenue
Source
Securities report (XBRL)

Ordinary margin

FYE Mar 2026 11.2%
Average · 10 yrs 19.1%
Fiscal year Ordinary margin % YoY Basis
FYE Mar 2017 38.4 n/a Cons. · Japanese GAAP
FYE Mar 2018 39.0 +0.5pp Cons. · Japanese GAAP
FYE Mar 2019 29.8 −9.1pp Cons. · Japanese GAAP
FYE Mar 2020 23.5 −6.4pp Cons. · Japanese GAAP
FYE Mar 2021 25.0 +1.5pp Cons. · Japanese GAAP
FYE Mar 2022 34.4 +9.3pp Cons. · Japanese GAAP
FYE Mar 2023 4.0 −30.3pp Cons. · Japanese GAAP
FYE Mar 2024 -22.3 −26.3pp Cons. · Japanese GAAP
FYE Mar 2025 7.6 +29.8pp Cons. · Japanese GAAP
FYE Mar 2026 11.2 +3.6pp Cons. · Japanese GAAP
Definition
The share of revenue left at the ordinary-profit line
Formula
Ordinary profit ÷ revenue
Source
Securities report (XBRL)

Net margin

FYE Mar 2026 10.6%
Average · 10 yrs 14.8%
Fiscal year Net margin % YoY Basis
FYE Mar 2017 32.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 28.9 −3.6pp Cons. · Japanese GAAP
FYE Mar 2019 22.6 −6.4pp Cons. · Japanese GAAP
FYE Mar 2020 15.3 −7.3pp Cons. · Japanese GAAP
FYE Mar 2021 18.6 +3.3pp Cons. · Japanese GAAP
FYE Mar 2022 26.0 +7.4pp Cons. · Japanese GAAP
FYE Mar 2023 4.8 −21.2pp Cons. · Japanese GAAP
FYE Mar 2024 -20.3 −25.0pp Cons. · Japanese GAAP
FYE Mar 2025 8.9 +29.1pp Cons. · Japanese GAAP
FYE Mar 2026 10.6 +1.7pp Cons. · Japanese GAAP
Definition
The share of revenue left after everything
Formula
Net profit ÷ revenue
Source
Securities report (XBRL)

Cost-of-sales ratio

FYE Mar 2026 88.8%
Average · 10 yrs 80.9%
Fiscal year Cost-of-sales ratio % YoY Basis
FYE Mar 2017 61.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 61.0 −0.5pp Cons. · Japanese GAAP
FYE Mar 2019 70.2 +9.1pp Cons. · Japanese GAAP
FYE Mar 2020 76.5 +6.4pp Cons. · Japanese GAAP
FYE Mar 2021 75.0 −1.5pp Cons. · Japanese GAAP
FYE Mar 2022 65.6 −9.3pp Cons. · Japanese GAAP
FYE Mar 2023 96.0 +30.3pp Cons. · Japanese GAAP
FYE Mar 2024 122.3 +26.3pp Cons. · Japanese GAAP
FYE Mar 2025 92.4 −29.8pp Cons. · Japanese GAAP
FYE Mar 2026 88.8 −3.6pp Cons. · Japanese GAAP
Definition
The share of revenue taken by the cost of sales
Formula
Cost of sales ÷ revenue
Source
Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn
Equity Liabilities and non-controlling interests

Financial strength

%
Equity ratio Debt-to-equity

Total assets

FYE Mar 2026 ¥8.60tn
CAGR · 10 yrs +7.2%
Fiscal year Total assets ¥ bn YoY Basis
FYE Mar 2017 4,586 n/a Cons. · Japanese GAAP
FYE Mar 2018 4,913 +7.1% Cons. · Japanese GAAP
FYE Mar 2019 5,255 +7.0% Cons. · Japanese GAAP
FYE Mar 2020 5,300 +0.9% Cons. · Japanese GAAP
FYE Mar 2021 5,917 +11.6% Cons. · Japanese GAAP
FYE Mar 2022 6,729 +13.7% Cons. · Japanese GAAP
FYE Mar 2023 7,184 +6.8% Cons. · Japanese GAAP
FYE Mar 2024 7,603 +5.8% Cons. · Japanese GAAP
FYE Mar 2025 7,762 +2.1% Cons. · Japanese GAAP
FYE Mar 2026 8,602 +10.8% Cons. · Japanese GAAP
Definition
Everything the company holds
Formula
Total assets line of the balance sheet
Source
Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Mar 2026 ¥480bn
CAGR · 10 yrs +1.5%
Fiscal year Equity ¥ bn YoY Basis
FYE Mar 2017 419 n/a Cons. · Japanese GAAP
FYE Mar 2018 436 +4.2% Cons. · Japanese GAAP
FYE Mar 2019 449 +2.9% Cons. · Japanese GAAP
FYE Mar 2020 427 −4.8% Cons. · Japanese GAAP
FYE Mar 2021 495 +15.7% Cons. · Japanese GAAP
FYE Mar 2022 493 −0.2% Cons. · Japanese GAAP
FYE Mar 2023 439 −11.1% Cons. · Japanese GAAP
FYE Mar 2024 384 −12.4% Cons. · Japanese GAAP
FYE Mar 2025 451 +17.4% Cons. · Japanese GAAP
FYE Mar 2026 480 +6.3% Cons. · Japanese GAAP
Definition
The part of the funding that never has to be repaid
Formula
Net assets line of the balance sheet
Source
Securities report (XBRL)

Interest-bearing debt

FYE Mar 2026 ¥58bn
CAGR · 10 yrs −8.2%
Fiscal year Interest-bearing debt ¥ bn YoY Basis
FYE Mar 2017 126 n/a Cons. · Japanese GAAP
FYE Mar 2018 193 +53.5% Cons. · Japanese GAAP
FYE Mar 2019 233 +20.6% Cons. · Japanese GAAP
FYE Mar 2020 215 −7.4% Cons. · Japanese GAAP
FYE Mar 2021 198 −7.9% Cons. · Japanese GAAP
FYE Mar 2022 169 −14.8% Cons. · Japanese GAAP
FYE Mar 2023 148 −12.5% Cons. · Japanese GAAP
FYE Mar 2024 181 +22.8% Cons. · Japanese GAAP
FYE Mar 2025 125 −31.3% Cons. · Japanese GAAP
FYE Mar 2026 58.0 −53.5% Cons. · Japanese GAAP
Definition
Borrowings the company pays interest on
Formula
Loans + bonds + lease obligations
Source
Securities report (XBRL)

Long-term borrowings

FYE Mar 2026 ¥58bn
CAGR · 10 yrs −8.2%
Fiscal year Long-term borrowings ¥ bn YoY Basis
FYE Mar 2017 126 n/a Cons. · Japanese GAAP
FYE Mar 2018 193 +53.5% Cons. · Japanese GAAP
FYE Mar 2019 233 +20.6% Cons. · Japanese GAAP
FYE Mar 2020 215 −7.4% Cons. · Japanese GAAP
FYE Mar 2021 198 −7.9% Cons. · Japanese GAAP
FYE Mar 2022 169 −14.8% Cons. · Japanese GAAP
FYE Mar 2023 148 −12.5% Cons. · Japanese GAAP
FYE Mar 2024 181 +22.8% Cons. · Japanese GAAP
FYE Mar 2025 125 −31.3% Cons. · Japanese GAAP
FYE Mar 2026 58.0 −53.5% Cons. · Japanese GAAP
Definition
Borrowings repayable in more than a year
Formula
Long-term borrowings line of the balance sheet
Source
Securities report (XBRL)

Intangible assets

FYE Mar 2026 ¥18bn
CAGR · 10 yrs +3.2%
Fiscal year Intangible assets ¥ bn YoY Basis
FYE Mar 2017 13.6 n/a Cons. · Japanese GAAP
FYE Mar 2018 16.9 +24.3% Cons. · Japanese GAAP
FYE Mar 2019 18.6 +9.8% Cons. · Japanese GAAP
FYE Mar 2020 19.2 +3.4% Cons. · Japanese GAAP
FYE Mar 2021 20.1 +4.8% Cons. · Japanese GAAP
FYE Mar 2022 20.1 −0.0% Cons. · Japanese GAAP
FYE Mar 2023 19.4 −3.7% Cons. · Japanese GAAP
FYE Mar 2024 19.0 −2.2% Cons. · Japanese GAAP
FYE Mar 2025 19.1 +0.6% Cons. · Japanese GAAP
FYE Mar 2026 18.1 −5.2% Cons. · Japanese GAAP
Definition
Assets with no physical form
Formula
Intangible assets line of the balance sheet
Source
Securities report (XBRL)

Equity ratio

FYE Mar 2026 5.6%
Average · 10 yrs 7.3%
Fiscal year Equity ratio % YoY Basis
FYE Mar 2017 9.1 n/a Cons. · Japanese GAAP
FYE Mar 2018 8.9 −0.3pp Cons. · Japanese GAAP
FYE Mar 2019 8.5 −0.3pp Cons. · Japanese GAAP
FYE Mar 2020 8.1 −0.5pp Cons. · Japanese GAAP
FYE Mar 2021 8.4 +0.3pp Cons. · Japanese GAAP
FYE Mar 2022 7.3 −1.0pp Cons. · Japanese GAAP
FYE Mar 2023 6.1 −1.2pp Cons. · Japanese GAAP
FYE Mar 2024 5.1 −1.1pp Cons. · Japanese GAAP
FYE Mar 2025 5.8 +0.8pp Cons. · Japanese GAAP
FYE Mar 2026 5.6 −0.2pp Cons. · Japanese GAAP
Definition
How much of the balance sheet is funded without debt
Formula
Equity ÷ total assets
Source
Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Mar 2026 12.1%
Average · 10 yrs 37.1%
Fiscal year Debt-to-equity ratio % YoY Basis
FYE Mar 2017 30.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 44.2 +14.2pp Cons. · Japanese GAAP
FYE Mar 2019 51.8 +7.6pp Cons. · Japanese GAAP
FYE Mar 2020 50.4 −1.5pp Cons. · Japanese GAAP
FYE Mar 2021 40.1 −10.2pp Cons. · Japanese GAAP
FYE Mar 2022 34.2 −5.9pp Cons. · Japanese GAAP
FYE Mar 2023 33.7 −0.5pp Cons. · Japanese GAAP
FYE Mar 2024 47.2 +13.5pp Cons. · Japanese GAAP
FYE Mar 2025 27.6 −19.6pp Cons. · Japanese GAAP
FYE Mar 2026 12.1 −15.5pp Cons. · Japanese GAAP
Definition
Borrowings measured against the company's own capital
Formula
Interest-bearing debt ÷ equity
Source
Securities report (XBRL)

ROE return on equity

FYE Mar 2026 5.4%
Average · 10 yrs 4.7%
Fiscal year ROE % YoY Basis
FYE Mar 2017 10.5 n/a Cons. · Japanese GAAP
FYE Mar 2018 9.9 −0.6pp Cons. · Japanese GAAP
FYE Mar 2019 8.0 −1.8pp Cons. · Japanese GAAP
FYE Mar 2020 6.6 −1.5pp Cons. · Japanese GAAP
FYE Mar 2021 5.9 −0.7pp Cons. · Japanese GAAP
FYE Mar 2022 7.1 +1.2pp Cons. · Japanese GAAP
FYE Mar 2023 2.0 −5.1pp Cons. · Japanese GAAP
FYE Mar 2024 -13.0 −15.0pp Cons. · Japanese GAAP
FYE Mar 2025 4.5 +17.5pp Cons. · Japanese GAAP
FYE Mar 2026 5.4 +0.8pp Cons. · Japanese GAAP
Definition
What the shareholders' capital earns
Formula
Net profit ÷ equity
Source
Securities report (XBRL)

ROA return on assets

FYE Mar 2026 0.3%
Average · 10 yrs 0.4%
Fiscal year ROA % YoY Basis
FYE Mar 2017 1.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.9 −0.1pp Cons. · Japanese GAAP
FYE Mar 2019 0.7 −0.2pp Cons. · Japanese GAAP
FYE Mar 2020 0.5 −0.2pp Cons. · Japanese GAAP
FYE Mar 2021 0.5 −0.0pp Cons. · Japanese GAAP
FYE Mar 2022 0.5 −0.0pp Cons. · Japanese GAAP
FYE Mar 2023 0.1 −0.4pp Cons. · Japanese GAAP
FYE Mar 2024 -0.7 −0.8pp Cons. · Japanese GAAP
FYE Mar 2025 0.3 +0.9pp Cons. · Japanese GAAP
FYE Mar 2026 0.3 −0.0pp Cons. · Japanese GAAP
Definition
What the whole balance sheet earns
Formula
Net profit ÷ total assets
Source
Securities report (XBRL)

Asset turnover

FYE Mar 2026 0.03×
CAGR · 10 yrs −0.5%
Fiscal year Asset turnover × YoY Basis
FYE Mar 2017 0.03 n/a Cons. · Japanese GAAP
FYE Mar 2018 0.03 +3.1% Cons. · Japanese GAAP
FYE Mar 2019 0.03 +0.6% Cons. · Japanese GAAP
FYE Mar 2020 0.03 +14.2% Cons. · Japanese GAAP
FYE Mar 2021 0.03 −24.3% Cons. · Japanese GAAP
FYE Mar 2022 0.02 −23.9% Cons. · Japanese GAAP
FYE Mar 2023 0.03 +27.4% Cons. · Japanese GAAP
FYE Mar 2024 0.03 +27.0% Cons. · Japanese GAAP
FYE Mar 2025 0.03 −8.0% Cons. · Japanese GAAP
FYE Mar 2026 0.03 −5.5% Cons. · Japanese GAAP
Definition
How much revenue each yen of assets produces
Formula
Revenue ÷ total assets
Source
Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn
Operating CF Investing CF Financing CF

Cash against debt

¥ bn
Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Mar 2026 ¥133bn
CAGR · 10 yrs +16.6%
Fiscal year Operating cash flow ¥ bn YoY Basis
FYE Mar 2017 33.2 n/a Cons. · Japanese GAAP
FYE Mar 2018 228 +584.7% Cons. · Japanese GAAP
FYE Mar 2019 147 −35.3% Cons. · Japanese GAAP
FYE Mar 2020 -286 −294.4% Cons. · Japanese GAAP
FYE Mar 2021 729 n/a Cons. · Japanese GAAP
FYE Mar 2022 254 −65.2% Cons. · Japanese GAAP
FYE Mar 2023 -61.4 −124.2% Cons. · Japanese GAAP
FYE Mar 2024 134 n/a Cons. · Japanese GAAP
FYE Mar 2025 -56.9 −142.5% Cons. · Japanese GAAP
FYE Mar 2026 133 n/a Cons. · Japanese GAAP
Definition
Cash the business itself generated
Formula
Cash flow from operating activities
Source
Securities report (XBRL)

Investing cash flow

FYE Mar 2026 -¥14bn
Average · 10 yrs -¥20bn
Fiscal year Investing cash flow ¥ bn YoY Basis
FYE Mar 2017 -28.2 n/a Cons. · Japanese GAAP
FYE Mar 2018 -212 n/a Cons. · Japanese GAAP
FYE Mar 2019 -55.9 n/a Cons. · Japanese GAAP
FYE Mar 2020 122 n/a Cons. · Japanese GAAP
FYE Mar 2021 -224 −283.5% Cons. · Japanese GAAP
FYE Mar 2022 -23.8 n/a Cons. · Japanese GAAP
FYE Mar 2023 214 n/a Cons. · Japanese GAAP
FYE Mar 2024 167 −21.7% Cons. · Japanese GAAP
FYE Mar 2025 -148 −188.3% Cons. · Japanese GAAP
FYE Mar 2026 -14.3 n/a Cons. · Japanese GAAP
Definition
Cash spent on, or released by, investment
Formula
Cash flow from investing activities
Source
Securities report (XBRL)

Financing cash flow

FYE Mar 2026 -¥9.9bn
Average · 10 yrs -¥9.1bn
Fiscal year Financing cash flow ¥ bn YoY Basis
FYE Mar 2017 -20.7 n/a Cons. · Japanese GAAP
FYE Mar 2018 -22.0 n/a Cons. · Japanese GAAP
FYE Mar 2019 -19.7 n/a Cons. · Japanese GAAP
FYE Mar 2020 -17.9 n/a Cons. · Japanese GAAP
FYE Mar 2021 -14.9 n/a Cons. · Japanese GAAP
FYE Mar 2022 -16.1 n/a Cons. · Japanese GAAP
FYE Mar 2023 -18.1 n/a Cons. · Japanese GAAP
FYE Mar 2024 2.1 n/a Cons. · Japanese GAAP
FYE Mar 2025 46.6 +2081.3% Cons. · Japanese GAAP
FYE Mar 2026 -9.9 −121.3% Cons. · Japanese GAAP
Definition
Cash raised from, or returned to, lenders and shareholders
Formula
Cash flow from financing activities
Source
Securities report (XBRL)

Cash and equivalents

FYE Mar 2026 ¥1.45tn
CAGR · 10 yrs +13.2%
Fiscal year Cash and equivalents ¥ bn YoY Basis
FYE Mar 2017 474 n/a Cons. · Japanese GAAP
FYE Mar 2018 468 −1.3% Cons. · Japanese GAAP
FYE Mar 2019 540 +15.3% Cons. · Japanese GAAP
FYE Mar 2020 357 −33.8% Cons. · Japanese GAAP
FYE Mar 2021 848 +137.2% Cons. · Japanese GAAP
FYE Mar 2022 1,062 +25.2% Cons. · Japanese GAAP
FYE Mar 2023 1,196 +12.7% Cons. · Japanese GAAP
FYE Mar 2024 1,500 +25.4% Cons. · Japanese GAAP
FYE Mar 2025 1,342 −10.5% Cons. · Japanese GAAP
FYE Mar 2026 1,450 +8.1% Cons. · Japanese GAAP
Definition
Cash on hand at the year end
Formula
Closing balance in the cash flow statement
Source
Securities report (XBRL)

Free cash flow

FYE Mar 2026 ¥118bn
CAGR · 10 yrs +42.1%
Fiscal year FCF ¥ bn YoY Basis
FYE Mar 2017 5.0 n/a Cons. · Japanese GAAP
FYE Mar 2018 16.0 +220.5% Cons. · Japanese GAAP
FYE Mar 2019 91.4 +470.6% Cons. · Japanese GAAP
FYE Mar 2020 -164 −279.9% Cons. · Japanese GAAP
FYE Mar 2021 505 n/a Cons. · Japanese GAAP
FYE Mar 2022 230 −54.5% Cons. · Japanese GAAP
FYE Mar 2023 153 −33.7% Cons. · Japanese GAAP
FYE Mar 2024 301 +97.6% Cons. · Japanese GAAP
FYE Mar 2025 -205 −167.9% Cons. · Japanese GAAP
FYE Mar 2026 118 n/a Cons. · Japanese GAAP
Definition
What is left once the business has paid for its own investment
Formula
Operating cash flow + investing cash flow
Source
Securities report (XBRL)

Operating cash flow margin

FYE Mar 2026 54.7%
Average · 10 yrs 82.2%
Fiscal year OCF margin % YoY Basis
FYE Mar 2017 24.7 n/a Cons. · Japanese GAAP
FYE Mar 2018 152.9 +128.3pp Cons. · Japanese GAAP
FYE Mar 2019 92.0 −61.0pp Cons. · Japanese GAAP
FYE Mar 2020 -155.2 −247.2pp Cons. · Japanese GAAP
FYE Mar 2021 467.9 +623.1pp Cons. · Japanese GAAP
FYE Mar 2022 188.4 −279.4pp Cons. · Japanese GAAP
FYE Mar 2023 -33.5 −221.9pp Cons. · Japanese GAAP
FYE Mar 2024 54.4 +87.9pp Cons. · Japanese GAAP
FYE Mar 2025 -24.6 −79.0pp Cons. · Japanese GAAP
FYE Mar 2026 54.7 +79.3pp Cons. · Japanese GAAP
Definition
How much of the revenue turned into cash
Formula
Operating cash flow ÷ revenue
Source
Securities report (XBRL)

Net cash

FYE Mar 2026 ¥1.39tn
CAGR · 10 yrs +16.6%
Fiscal year Net cash ¥ bn YoY Basis
FYE Mar 2017 348 n/a Cons. · Japanese GAAP
FYE Mar 2018 275 −21.0% Cons. · Japanese GAAP
FYE Mar 2019 307 +11.6% Cons. · Japanese GAAP
FYE Mar 2020 142 −53.7% Cons. · Japanese GAAP
FYE Mar 2021 649 +356.9% Cons. · Japanese GAAP
FYE Mar 2022 893 +37.5% Cons. · Japanese GAAP
FYE Mar 2023 1,048 +17.4% Cons. · Japanese GAAP
FYE Mar 2024 1,318 +25.7% Cons. · Japanese GAAP
FYE Mar 2025 1,217 −7.7% Cons. · Japanese GAAP
FYE Mar 2026 1,392 +14.4% Cons. · Japanese GAAP
Definition
Cash on hand once the borrowings are paid off
Formula
Cash and equivalents − interest-bearing debt
Source
Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Mar 2026 ¥349bn
Change · 9 yrs −¥136bn
Fiscal year Market capitalisation ¥ bn Basis
FYE Mar 2017 485 n/a
FYE Mar 2018 501 n/a
FYE Mar 2019 323 n/a
FYE Mar 2020 244 n/a
FYE Mar 2021 300 n/a
FYE Mar 2022 306 n/a
FYE Mar 2023 284 n/a
FYE Mar 2024 n/a n/a
FYE Mar 2025 288 n/a
FYE Mar 2026 349 n/a
Definition
What the market says the company is worth
Formula
Year-end share price × shares outstanding
Source
Securities report (XBRL)

Share price year-end close

FYE Mar 2026 2,495¥
Change · 9 yrs +2,085¥
Fiscal year Share price ¥ Basis
FYE Mar 2017 410 n/a
FYE Mar 2018 4,234 n/a
FYE Mar 2019 2,734 n/a
FYE Mar 2020 2,060 n/a
FYE Mar 2021 2,532 n/a
FYE Mar 2022 2,587 n/a
FYE Mar 2023 2,398 n/a
FYE Mar 2024 n/a n/a
FYE Mar 2025 2,058 n/a
FYE Mar 2026 2,495 n/a
Definition
The closing price on the last day of the fiscal year
Formula
Year-end closing price
Source
Securities report (XBRL)

Shares outstanding

FYE Mar 2026 139,789,000shares
Change · 10 yrs −1,043,105,000 shares
Fiscal year Shares outstanding shares Basis
FYE Mar 2017 1,182,894,000 Parent
FYE Mar 2018 118,289,000 Parent
FYE Mar 2019 118,289,000 Parent
FYE Mar 2020 118,289,000 Parent
FYE Mar 2021 118,289,000 Parent
FYE Mar 2022 118,289,000 Parent
FYE Mar 2023 118,289,000 Parent
FYE Mar 2024 118,289,000 Parent
FYE Mar 2025 139,789,000 Parent
FYE Mar 2026 139,789,000 Parent
Definition
How many shares exist
Formula
Shares issued, from the key figures of the filing
Source
Securities report (XBRL)

EPS earnings per share

FYE Mar 2026 185.75¥
Change · 10 yrs −190.18¥
Fiscal year EPS ¥ Basis
FYE Mar 2017 375.93 Cons.
FYE Mar 2018 369.16 Cons.
FYE Mar 2019 309.67 Cons.
FYE Mar 2020 241.18 Cons.
FYE Mar 2021 248.27 Cons.
FYE Mar 2022 299.81 Cons.
FYE Mar 2023 74.67 Cons.
FYE Mar 2024 -427.22 Cons.
FYE Mar 2025 154.26 Cons.
FYE Mar 2026 185.75 Cons.
Definition
Net profit for each share
Formula
Net profit ÷ average shares outstanding
Source
Securities report (XBRL)

BPS book value per share

FYE Mar 2026 3,433.33¥
Change · 10 yrs +3,079.47¥
Fiscal year BPS ¥ Basis
FYE Mar 2017 353.87 Cons. · Japanese GAAP
FYE Mar 2018 3,686.32 Cons. · Japanese GAAP
FYE Mar 2019 3,794.74 Cons. · Japanese GAAP
FYE Mar 2020 3,613.96 Cons. · Japanese GAAP
FYE Mar 2021 4,180.84 Cons. · Japanese GAAP
FYE Mar 2022 4,171.93 Cons. · Japanese GAAP
FYE Mar 2023 3,708.38 Cons. · Japanese GAAP
FYE Mar 2024 3,249.71 Cons. · Japanese GAAP
FYE Mar 2025 3,229.28 Cons. · Japanese GAAP
FYE Mar 2026 3,433.33 Cons. · Japanese GAAP
Definition
Equity behind each share
Formula
Equity ÷ shares outstanding
Source
Securities report (XBRL)

PER price-to-earnings ratio

FYE Mar 2026 13.43×
Average · 9 yrs 13.05×
Fiscal year PER × Basis
FYE Mar 2017 10.90 Cons.
FYE Mar 2018 11.47 Cons.
FYE Mar 2019 8.83 Cons.
FYE Mar 2020 8.54 Cons.
FYE Mar 2021 10.20 Cons.
FYE Mar 2022 8.63 Cons.
FYE Mar 2023 32.12 Cons.
FYE Mar 2024 n/a Cons.
FYE Mar 2025 13.34 Cons.
FYE Mar 2026 13.43 Cons.
Definition
How many years of earnings the price stands for
Formula
Year-end price ÷ EPS
Source
Securities report (XBRL)

PBR price-to-book ratio

FYE Mar 2026 0.72×
Average · 9 yrs 0.75×
Fiscal year PBR × Basis
FYE Mar 2017 1.14 Cons.
FYE Mar 2018 1.13 Cons.
FYE Mar 2019 0.71 Cons.
FYE Mar 2020 0.56 Cons.
FYE Mar 2021 0.60 Cons.
FYE Mar 2022 0.61 Cons.
FYE Mar 2023 0.64 Cons.
FYE Mar 2024 n/a Cons.
FYE Mar 2025 0.63 Cons.
FYE Mar 2026 0.72 Cons.
Definition
The price measured against the book value behind it
Formula
Year-end price ÷ BPS
Source
Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Mar 2026 2,515people
Change · 10 yrs +586 people
Fiscal year Group employees people YoY Basis
FYE Mar 2017 1,929 n/a Cons.
FYE Mar 2018 2,062 +6.9% Cons.
FYE Mar 2019 2,193 +6.4% Cons.
FYE Mar 2020 2,268 +3.4% Cons.
FYE Mar 2021 2,332 +2.8% Cons.
FYE Mar 2022 2,382 +2.1% Cons.
FYE Mar 2023 2,442 +2.5% Cons.
FYE Mar 2024 2,476 +1.4% Cons.
FYE Mar 2025 2,477 −0.0% Cons.
FYE Mar 2026 2,515 +1.5% Cons.
Definition
Everyone employed across the group
Formula
Consolidated headcount, from the employee section of the filing
Source
Securities report (XBRL)

Parent-company employees

FYE Mar 2026 1,928people
Change · 10 yrs +198 people
Fiscal year Parent-company employees people YoY Basis
FYE Mar 2017 1,730 n/a Parent
FYE Mar 2018 1,787 +3.3% Parent
FYE Mar 2019 1,878 +5.1% Parent
FYE Mar 2020 1,928 +2.7% Parent
FYE Mar 2021 1,933 +0.3% Parent
FYE Mar 2022 1,966 +1.7% Parent
FYE Mar 2023 1,980 +0.7% Parent
FYE Mar 2024 1,964 −0.8% Parent
FYE Mar 2025 1,936 −1.4% Parent
FYE Mar 2026 1,928 −0.4% Parent
Definition
Employees of the filing company itself
Formula
Parent-only headcount, from the employee section of the filing
Source
Securities report (XBRL)

Average annual pay parent company

FYE Mar 2026 928万円
Change · 10 yrs +137万円
Fiscal year Average annual pay 万円 YoY Basis
FYE Mar 2017 791 n/a Parent
FYE Mar 2018 791 −0.0% Parent
FYE Mar 2019 804 +1.6% Parent
FYE Mar 2020 793 −1.3% Parent
FYE Mar 2021 809 +2.0% Parent
FYE Mar 2022 823 +1.8% Parent
FYE Mar 2023 870 +5.6% Parent
FYE Mar 2024 887 +2.0% Parent
FYE Mar 2025 907 +2.2% Parent
FYE Mar 2026 928 +2.3% Parent
Definition
Average total annual compensation, bonuses included
Formula
Average annual pay, from the employee section of the filing
Source
Securities report (XBRL)

Average age

FYE Mar 2026 44.6years
Change · 8 yrs +1.8 years
Fiscal year Average age years YoY Basis
FYE Mar 2017 n/a n/a Parent
FYE Mar 2018 n/a n/a Parent
FYE Mar 2019 42.8 n/a Parent
FYE Mar 2020 43.0 +0.5% Parent
FYE Mar 2021 43.3 +0.7% Parent
FYE Mar 2022 43.3 −0.0% Parent
FYE Mar 2023 43.8 +1.2% Parent
FYE Mar 2024 44.1 +0.7% Parent
FYE Mar 2025 44.5 +0.9% Parent
FYE Mar 2026 44.6 +0.2% Parent
Definition
Average age of the parent company's employees
Formula
Average age, from the employee section of the filing
Source
Securities report (XBRL)

Average length of service

FYE Mar 2026 16.6years
Change · 10 yrs +2.1 years
Fiscal year Average length of service years YoY Basis
FYE Mar 2017 14.5 n/a Parent
FYE Mar 2018 14.5 −0.0% Parent
FYE Mar 2019 14.4 −0.7% Parent
FYE Mar 2020 14.6 +1.4% Parent
FYE Mar 2021 14.9 +2.1% Parent
FYE Mar 2022 15.1 +1.3% Parent
FYE Mar 2023 15.7 +4.0% Parent
FYE Mar 2024 16.1 +2.5% Parent
FYE Mar 2025 16.5 +2.5% Parent
FYE Mar 2026 16.6 +0.6% Parent
Definition
How long the average employee has been with the company
Formula
Average years of service, from the employee section of the filing
Source
Securities report (XBRL)

Temporary employees

FYE Mar 2026 181people
Change · 10 yrs −81 people
Fiscal year Temporary employees people YoY Basis
FYE Mar 2017 262 n/a n/a
FYE Mar 2018 229 −12.6% n/a
FYE Mar 2019 197 −14.0% n/a
FYE Mar 2020 165 −16.2% n/a
FYE Mar 2021 145 −12.1% n/a
FYE Mar 2022 143 −1.4% n/a
FYE Mar 2023 177 +23.8% n/a
FYE Mar 2024 185 +4.5% n/a
FYE Mar 2025 179 −3.2% n/a
FYE Mar 2026 181 +1.1% n/a
Definition
Average number of temporary and part-time staff over the year
Formula
Average temporary headcount, from the employee section of the filing
Source
Securities report (XBRL)

Revenue per employee

FYE Mar 2026 ¥96.3m
Change · 10 yrs +¥26.5m
Fiscal year Revenue per employee ¥ m YoY Basis
FYE Mar 2017 69.8 n/a Cons.
FYE Mar 2018 72.2 +3.4% Cons.
FYE Mar 2019 73.0 +1.2% Cons.
FYE Mar 2020 81.3 +11.3% Cons.
FYE Mar 2021 66.8 −17.9% Cons.
FYE Mar 2022 56.6 −15.3% Cons.
FYE Mar 2023 75.1 +32.7% Cons.
FYE Mar 2024 99.5 +32.5% Cons.
FYE Mar 2025 93.4 −6.1% Cons.
FYE Mar 2026 96.3 +3.1% Cons.
Definition
What each employee accounts for in revenue
Formula
Revenue ÷ group employees
Source
Securities report (XBRL)

Operating profit per employee

FYE Mar 2026 ¥10.8m
Change · 10 yrs −¥16.0m
Fiscal year OP per employee ¥ m YoY Basis
FYE Mar 2017 26.8 n/a Cons.
FYE Mar 2018 28.1 +4.8% Cons.
FYE Mar 2019 21.8 −22.5% Cons.
FYE Mar 2020 19.1 −12.3% Cons.
FYE Mar 2021 16.7 −12.5% Cons.
FYE Mar 2022 19.4 +16.3% Cons.
FYE Mar 2023 3.0 −84.5% Cons.
FYE Mar 2024 -22.1 −835.0% Cons.
FYE Mar 2025 7.1 n/a Cons.
FYE Mar 2026 10.8 +52.5% Cons.
Definition
What each employee accounts for in operating profit
Formula
Operating profit ÷ group employees
Source
Securities report (XBRL)

Disclaimer

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Aozora Bank’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/8304/company.json ·/api/8304/history.json ·/api/8304/ceo.json ·/api/8304/financials.json ·/api/8304/financials/segment.json ·/api/8304/financials/pl.json ·/api/8304/financials/cf.json ·/api/8304/financials/bs.json ·/api/8304/financials/employee.json ·/api/8304/financials/stock.json ·/api/8304/financials.csv ·/api/8304/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json