Overview
Banks

Aozora Bank,Ltd.

Aozora Bank is a Japanese commercial bank offering a full range of banking services including deposits, lending, securities investment, domestic and foreign exchange, and trust services through its head office and branch network. The Group also provides internet banking through GMO Aozora Net Bank, as well as financial services spanning securities brokerage, investment management, real estate investment advisory, M&A advisory, venture capital, and debt collection through its subsidiaries. The Bank maintains international operations across Asia, Europe, and North America, with an equity stake in Vietnam's Orient Commercial Joint Stock Bank.

Market Cap
¥417B
US$2.65B
EV
¥—B
Stock¥3,015▼-1.18%
US$1 = ¥157.25 (2026-10-30)
ROE
6.2%
* LTM NI / end-of-period equity
PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+11.9%pt
1001
Nov 4, 25 – Oct 30, 26StockTOPIX
1Aug 3, 26Q1 FY2027/03 earnings announced
AI Briefing
Aozora Bank: Tokyo-listed Prime Market commercial bank blending traditional banking with M&A advisory, venture capital and internet banking (GMO Aozora Net Bank), anchored by a capital alliance with top shareholder Daiwa Securities Group (23.88%). FY26/3 revenue ¥242B, up from ¥231B in FY25/3, continuing a choppy top-line recovery after FY23/3's ¥183B. Not in public data on any pending tender offer or third-party research note affecting the stock.
Performance & Balance
Revenue 5Y (¥B)
135US$857M'22/3183US$1.17B'23/3246US$1.57B'24/3231US$1.47B'25/3242US$1.54B'26/3
Net Income 5Y (¥B)
35.0US$223M'22/38.72US$55.4M'23/3-49.9-US$317M'24/320.5US$130M'25/325.7US$163M'26/3
Capital Structure
91%
EquityD/E 0.10xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1,062US$6.75B169US$1.07B'22/31,196US$7.61B148US$940M'23/31,500US$9.54B181US$1.15B'24/31,342US$8.53B126US$800M'25/31,450US$9.22B58.8US$374M'26/3
Shareholders
Top 10 hold 46.1%
1
Daiwa Securities Group Inc.
23.88%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.89%
3
Nomura Trust and Banking Co., Ltd. (Trust Account 2052255)
4.98%
4
Custody Bank of Japan, Ltd. (Trust Account)
1.91%
5
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.02%
6
STATE STREET BANK AND TRUST COMPANY 5051001 (Standing Proxy: Mizuho Bank, Ltd.)
1.02%
7
Morgan Stanley MUFG Securities Co., Ltd.
0.71%
8
MORGAN STANLEY & CO. LLC (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
0.66%
9
MATSUI SECURITIES CO.,LTD.
0.54%
10
ISHARES CORE MSCI EAFE ETF (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.54%
Management
12 officers
Hideto OMI
Representative Director, President and Chief Executive Officer (CEO)
Apr 1989 Joined the Bank Aug 2007 General Manager, Leverage Finance Department Dec 2009 General Manager, Business Finance Department Oct 2011 General Manager, Hiroshima Branch Nov 2012 General Manager, Corporate Planning Department Jul 2016 Executive Officer, in charge of special projects Jul 2019 Managing Executive Officer, in charge of corporate planning, Corporate Secretariat Office and special projects Jun 2020 Managing Executive Officer, in charge of corporate planning, General Manager of Trust Business Division, Corporate Secretariat Office and special projects Apr 2021 Managing Executive Officer, General Manager of Investment Banking Division and Trust Business Division, in charge of corporate planning and Corporate Secretariat Office Jun 2021 Representative Director, Executive Vice President, General Manager of Investment Banking Division and Trust Business Division, in charge of corporate planning and Corporate Secretariat Office Jul 2021 Representative Director, Executive Vice President, General Manager of Investment Banking Division and Trust Business Division Apr 2022 Representative Director, Executive Vice President, General Manager of Corporate Sales Promotion Division Apr 2024 Representative Director, President and Executive Officer, Chief Executive Officer (CEO) (current)
1965-07-19
Masayoshi OHARA
Representative Director, Vice President
Apr 1988 Joined the Bank Oct 2011 General Manager, Financial Institutions Department I Jul 2012 General Manager, Human Resources Department Aug 2013 Deputy in charge of Chief Risk Officer (CRO) and General Manager, Market Risk Management Department Jul 2014 Executive Officer, General Manager of Markets Division Jul 2017 Managing Executive Officer, General Manager of Markets Division Jul 2018 Managing Executive Officer, CRO and Chief Credit Risk Officer (CCRO) Jul 2019 Senior Managing Executive Officer, CRO and CCRO Jul 2021 Senior Managing Executive Officer, CRO Jun 2023 Director, Senior Managing Executive Officer, CRO Apr 2024 Representative Director, Executive Vice President (current)
1963-08-28
Hisashi KATO
Director, Vice President
Apr 1989 Joined the Bank Aug 2010 General Manager, Funding and Securities Department Jul 2012 Deputy General Manager of Markets Division and General Manager, Funding and Securities Department Jul 2014 Deputy General Manager of Markets Division Jul 2016 Executive Officer, General Manager of Kansai Branch and General Manager, Kansai Financial Institutions Department Jul 2018 Executive Officer, General Manager of Markets Division Jul 2019 Managing Executive Officer, General Manager of Markets Division Jul 2021 Senior Managing Executive Officer, General Manager of Financial Institutions and Regional Corporate Sales Division Jul 2023 Senior Managing Executive Officer, in charge of corporate planning and Corporate Secretariat Office Jun 2024 Director, Senior Managing Executive Officer, in charge of corporate planning and Corporate Secretariat Office Jul 2024 Director, Senior Managing Executive Officer, Chief Financial Officer (CFO) Apr 2026 Director, Executive Vice President, Chief Financial Officer (CFO) (current)
1965-01-20
Sakie TACHIBANA-FUKUSHIMA
Director
Sep 1974 Lecturer, Department of East Asian Languages and Civilizations, Harvard University Jun 1980 Joined Blackstone International K.K. Sep 1987 Joined Bain & Company K.K. Aug 1991 Joined Korn/Ferry International Japan K.K. (now Korn/Ferry Japan K.K.) May 1995 Director, Korn/Ferry International, U.S. Headquarters Sep 2000 President and Director, Korn/Ferry International Japan K.K. Jul 2001 President and Representative Director, Korn/Ferry International Japan K.K. May 2009 Chairperson and Representative Director, Korn/Ferry International Japan K.K. Jul 2010 President and Representative Director, G&S Global Advisors Inc. (current) Apr 2011 Vice Chair, Japan Association of Corporate Executives (until Apr 2015) Jun 2016 Outside Director, Ushio Inc. Jun 2019 Outside Director, Konica Minolta, Inc. Jun 2020 Outside Director, Kyushu Electric Power Co., Inc. (current) Jun 2022 Director of the Bank (current)
1949-09-10
Hideyuki TAKAHASHI
Director
Apr 1980 Joined Industrial Bank of Japan, Ltd. (now Mizuho Bank, Ltd.) Apr 2007 Executive Officer, Senior Corporate Officer, Planning Group, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2009 Managing Executive Officer, Financial Institutions, Mizuho Corporate Bank, Ltd. Apr 2010 Managing Executive Officer, Group Chief Financial Officer (CFO), Mizuho Corporate Bank, Ltd. Apr 2012 Managing Executive Officer, Group CFO, Mizuho Financial Group, Inc. Apr 2013 Deputy President, Group CFO, Mizuho Financial Group, Inc. Apr 2014 Director, Mizuho Financial Group, Inc. Jun 2014 Vice Chairman of the Board, Chairman of Audit Committee, Chairman of Risk Committee, Mizuho Financial Group, Inc. Jun 2017 President and Representative Director, Mizuho Research Institute Ltd. (now Mizuho Research & Technologies, Ltd.) Jun 2019 Chairman of the Board, Kyoritsu Co., Ltd.; Outside Director, Sunshine City Corporation (current) Jun 2020 Outside Audit & Supervisory Board Member, Sanyo Shokai Ltd.; Outside Director (Audit and Supervisory Committee Member), WOWOW Inc. Jan 2022 President and Representative Director, Topaz Advisory Co., Ltd. Jan 2023 Advisor, Topaz Capital Co., Ltd. Jun 2023 Director of the Bank (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Sanyo Shokai Ltd. (current)
1957-04-20
Hideaki SAITO
Director
Apr 1986 Joined Norinchukin Bank Apr 1989 Chief Researcher, Research Division, Banking Bureau, Ministry of Finance (now Financial Services Agency) Apr 1998 Joined The Boston Consulting Group, K.K. Jul 2006 Partner & Managing Director, The Boston Consulting Group, K.K. Apr 2010 Managing Executive Officer, Cisco Systems G.K. Apr 2011 Senior Managing Executive Officer, Cisco Systems G.K. Feb 2013 President and CEO, Nextier Life Insurance Co., Ltd. (now AXA Life Insurance Co., Ltd.) Jul 2019 Partner, Bain & Company Aug 2021 Director and Representative Executive President, Japan System Co., Ltd. Jan 2022 President and Representative Director, Netcom Systems Co., Ltd. May 2023 President and Representative Director, Blueship Co., Ltd. Jun 2023 Director of the Bank (current) Mar 2024 Director and Representative Executive, Blueship Co., Ltd. Apr 2025 Member, Management Advisory Council, Kampo Life Insurance (Japan Post Insurance Co., Ltd.) (current) May 2026 Outside Director, Bell System 24 Holdings, Inc. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), D-Calet Holdings, Inc. (current)
1963-05-06
Koichi TADANO
Director
Apr 1977 Joined Marubeni Corporation Jun 1988 Joined Tadano Iron Works, Ltd. (now Tadano Ltd.) Jun 1991 General Manager, President's Office, Tadano Ltd. Jan 1997 President and Director, Faun GmbH (now Tadano Faun GmbH) Jun 1997 Director, Tadano Ltd. Apr 1999 Director and Managing Executive Officer, Tadano Ltd. Apr 2001 Director and Senior Managing Executive Officer, Tadano Ltd. Apr 2002 Representative Director and Senior Managing Executive Officer, Tadano Ltd. Jun 2003 Representative Director, President, Tadano Ltd. Apr 2021 Representative Director, Chairman, Tadano Ltd. (current) Jun 2024 Director of the Bank (current)
1954-07-03
Tomoko YUKETA
Full-time Audit and Supervisory Board Member
Apr 1991 Joined the Bank Oct 2013 Deputy General Manager, Retail Sales Promotion Department, and Deputy General Manager, Retail Strategy Department Mar 2018 Deputy General Manager, Retail Strategy Department Jul 2019 Deputy General Manager, Retail Strategy Department, and Deputy General Manager, BANK Branch Support Oct 2019 Co-General Manager, Retail Sales Management Division Apr 2023 Deputy in charge of Operations Group Jun 2026 Full-time Audit and Supervisory Board Member of the Bank (current)
1968-05-26
Torayoshi INOUE
Audit and Supervisory Board Member
Dec 1985 Registered as Certified Public Accountant Jun 1987 Stationed at Arthur Andersen, New York Office Oct 1995 National Partner, Arthur Andersen Oct 1997 Worldwide Partner, Arthur Andersen Jul 1999 Senior Partner, Asahi & Co. (now Ernst & Young ShinNihon LLC) Jul 2008 Head, Torayoshi Inoue Certified Public Accountant Office (current) Jun 2010 President and Representative Director, Accounting Advisory Co., Ltd. (current) Jun 2011 Outside Audit & Supervisory Board Member, Pioneer Corporation Sep 2011 Supervising Director, GLP J-REIT Apr 2012 Visiting Professor, Graduate School of International Accounting, Chuo University Apr 2013 Part-time Lecturer, Graduate School of Global Business, Meiji University Mar 2016 Outside Audit & Supervisory Board Member, Kao Corporation Jun 2016 Outside Audit & Supervisory Board Member of the Bank Apr 2017 Part-time Lecturer, Graduate School of International Accounting, Chuo University Oct 2018 Full-time Audit & Supervisory Board Member, Kyulux, Inc. (current) Nov 2020 Outside Audit & Supervisory Board Member, Etvos Inc. Jun 2024 Outside Audit & Supervisory Board Member, Hokuetsu Corporation (current) Jun 2026 Outside Director, Fudo Tetra Corporation (scheduled to take office Jun 2026)
1956-09-06
Junichi MAEDA
Audit and Supervisory Board Member
Apr 1978 Joined Bank of Japan Sep 2000 General Manager, Matsue Branch, Bank of Japan Aug 2006 Director-General, Human Resources Bureau, Bank of Japan Mar 2009 General Manager, Nagoya Branch, Bank of Japan Jun 2011 Senior Managing Director, Hokkoku Bank, Ltd. Jan 2012 Senior Managing Director and General Manager, Audit Department, Hokkoku Bank, Ltd. Apr 2012 Senior Managing Director and General Manager, Management Planning Department and Chief, Legal Office, Hokkoku Bank, Ltd. Jun 2013 Representative Director and Senior Managing Director, Hokkoku Bank, Ltd. Jun 2021 Outside Director, Japan Custodian Bank Jun 2023 Outside Audit & Supervisory Board Member of the Bank (current)
1956-01-09
Hiromasa KAWASHIMA
Director
Apr 1992 Joined Daiwa Securities Co., Ltd. (now Daiwa Securities Group Inc.) Oct 2012 General Manager, Secretariat, Daiwa Securities Group Inc.; General Manager, Secretariat, Daiwa Securities Co., Ltd. Apr 2016 General Manager, Internal Audit Department, Daiwa Securities Group Inc.; General Manager, Internal Audit Department, Daiwa Securities Co., Ltd. Apr 2020 Audit & Supervisory Board Member (part-time), Daiwa Securities Co., Ltd.; Audit & Supervisory Board Member (part-time), Daiwa Real Estate Asset Management Co., Ltd. Jun 2020 Director, Daiwa Securities Group Inc. Apr 2024 Executive Officer, Daiwa Securities Group Inc.; Managing Executive Officer, Daiwa Securities Co., Ltd. Jul 2024 Director of the Bank (current) Apr 2026 Managing Executive Officer, Daiwa Securities Group Inc. (current); Managing Director, Daiwa Securities Co., Ltd. (current)
1968-07-18
Hitoko GIBBS
Director
Apr 1988 Joined The Long-Term Credit Bank of Japan, Ltd. (now SBI Shinsei Bank, Ltd.) Apr 1998 Joined Shiseido Company, Limited Apr 1999 Joined McKinsey & Company, Inc. Mar 2002 Vice President and Executive Officer, Chief of Staff to CEO, Oracle Corporation Japan Sep 2005 CEO and Chairwoman, NARS Cosmetics, Inc.; Vice President, Shiseido USA Inc. May 2008 Executive Coach and Facilitator (independent practice) (current) Jun 2016 Outside Director, Daido Life Insurance Company Dec 2018 Outside Director, EARCH-YOU Inc. Apr 2024 Outside Director, Artemira Inc. (now Artemira Holdings Inc.) Jun 2026 Director of the Bank (current)
1965-08-31
Large Shareholding Reports
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-10-21
3.14%→2.13%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-08-20
3.14%
Nomura Asset Management Co., Ltd.
2026-07-23
4.86%→4.75%
Nomura Asset Management Co., Ltd.
2026-07-07
4.86%
―
2024-07-01
2.98%→2.98%
―
2024-06-18
6.71%→6.79%
―
2024-03-05
6.71%→6.71%
―
2024-03-04
6.71%→6.71%
―
2024-02-29
5.42%→6.71%
―
2024-02-28
5.42%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-08-20
Large Shareholding Report
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-04
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-27
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-27
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-09-17
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2024-09-17
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-09-17
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINETAmended
2024-09-17
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2024-09-17
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2024-09-17
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2024-09-17
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-07-01
Large Shareholding Report
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-27
Amended Securities Registration Statement
EDINETAmended
2024-06-19
Amended Securities Registration Statement
EDINET
2024-06-18
Large Shareholding Report
EDINET
2024-05-13
Securities Registration Statement
EDINET
2024-03-05
Large Shareholding Report
EDINET
2024-03-04
Large Shareholding Report
EDINET
2024-02-29
Large Shareholding Report
EDINET
2024-02-28
Large Shareholding Report
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