Overview
Banks

The Gunma Bank,Ltd.

The Gunma Bank is a regional financial institution headquartered in Maebashi, Gunma Prefecture, offering a full range of banking services including deposit-taking, lending, securities investment, domestic and foreign exchange, investment trust and insurance product sales, and trust services. Through its consolidated subsidiaries, the Group also provides leasing, securities brokerage, management consulting, fund formation and management, and credit guarantee services. The Bank serves retail and corporate customers primarily in Gunma Prefecture, with an international presence through its New York branch.

Market Cap
¥921B
US$5.88B
EV
¥—B
Stock¥2,434.5▼-4.96%
US$1 = ¥156.80 (2026-10-23)
ROE
9.9%
* LTM NI / end-of-period equity
PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+32.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
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Performance & Balance
Revenue 5Y (¥B)
150US$958M'22/3177US$1.13B'23/3200US$1.28B'24/3220US$1.41B'25/3265US$1.69B'26/3
Net Income 5Y (¥B)
26.4US$169M'22/327.9US$178M'23/331.1US$199M'24/343.9US$280M'25/358.9US$375M'26/3
Capital Structure
91%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2,648US$16.9B50.0US$319M'22/31,830US$11.7B50.0US$319M'23/31,831US$11.7B50.0US$319M'24/31,256US$8.01B40.0US$255M'25/31,335US$8.52B60.0US$383M'26/3
Shareholders
Top 10 hold 40.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.56%
2
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
6.33%
3
Custody Bank of Japan, Ltd. (Trust Account)
5.72%
4
Meiji Yasuda Life Insurance Company
2.87%
5
Sumitomo Life Insurance Company
2.81%
6
The Gunma Bank,Ltd. Employee Stock Ownership Association
2.44%
7
Toyo Seikan Group Holdings,Ltd.
1.93%
8
Nippon Life Insurance Company
1.70%
9
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.34%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.33%
Management
15 officers
Akihiko FUKAI
Representative Director, President
Apr 1984 Joined the Bank Jun 2003 General Manager, Osaka Branch Jun 2005 General Manager, Kiryu Branch Jun 2007 General Manager, Ota Branch Jun 2009 General Manager, Risk Management Division Jun 2011 General Manager, General Planning Division Jun 2013 Director, General Manager, General Planning Division Jun 2014 Managing Director, General Manager, Sales Management Division Jun 2015 Managing Director Jun 2017 Senior Managing Director Jun 2019 Representative Director, President (current)
1960-11-03
Akihiro GOTO
Representative Director, Deputy President
Apr 1986 Joined the Bank Oct 2005 General Manager, Kakedake Branch Aug 2008 Senior Personnel Officer, Human Resources Division Oct 2010 Deputy General Manager, Human Resources Division Jun 2012 Deputy General Manager, General Planning Division Jun 2014 General Manager, Isesaki Branch Jun 2016 General Manager, Internal Audit Division Jun 2017 Executive Officer, General Manager, Internal Audit Division Jun 2018 Executive Officer, General Manager, Human Resources Division Jun 2019 Managing Executive Officer, General Manager, Human Resources Division Jun 2022 Managing Director Jun 2024 Senior Managing Director Jun 2026 Representative Director, Deputy President (current)
1962-07-20
Takeo UCHIBORI
Representative Director, Deputy President
Apr 1987 Joined the Bank Aug 2009 Senior Research Officer, General Planning Division Jun 2011 General Manager, Takasaki Higashi Branch Jul 2013 General Manager, Sales Strategy Office, Sales Management Division Jun 2014 Deputy General Manager, General Planning Division Jun 2016 General Manager, Ota Branch Jun 2018 Executive Officer, General Manager, Credit Examination Division Jun 2019 Managing Executive Officer, General Manager, General Planning Division Dec 2020 Managing Executive Officer, General Manager, General Planning Division; Representative Director, Gunma Regional Co-Creation Partners Co., Ltd. Apr 2021 Managing Executive Officer, General Manager, General Planning Division Jun 2022 Managing Director Apr 2024 Managing Director; in charge of Digital Innovation Division Jun 2024 Senior Managing Director Jun 2026 Representative Director, Deputy President (current)
1963-09-29
Akihiko HORIE
Senior Managing Director
Apr 1985 Joined the Bank Jun 2005 General Manager, Nakaizumi Branch Jun 2007 General Manager, Shinjuku Yotsuya Branch Jun 2010 Deputy General Manager, Ota Branch Oct 2011 General Manager, Maebashi Branch Jul 2013 General Manager, Omiya Branch Jun 2016 Executive Officer, General Manager, Consulting Sales Division Jun 2018 Managing Executive Officer, General Manager, Ota Branch Jun 2020 Managing Executive Officer, General Manager, Sales Management Division Jun 2021 Managing Executive Officer, in charge of Ota, Kiryu, Tatebayashi and Tochigi Areas Jun 2023 Senior Managing Executive Officer, General Manager, Sales Management Division Apr 2024 Senior Managing Executive Officer, General Manager, Consulting Sales Headquarters Jun 2024 Managing Director; in charge of Consulting Sales Headquarters Jun 2026 Senior Managing Director; in charge of Consulting Sales Headquarters (current)
1962-10-11
Hideyuki SAITO
Managing Director
Apr 1988 Joined the Bank Feb 2009 General Manager, Kurakano Branch Oct 2010 Senior Personnel Officer, Human Resources Division Jun 2014 General Manager, Tochigi Branch Jun 2016 Deputy General Manager, General Planning Division Jun 2018 General Manager, Risk Management Division Jun 2019 Executive Officer, General Manager, Risk Management Division Jun 2021 Managing Executive Officer, General Manager, Risk Management Division Jun 2022 Managing Executive Officer, General Manager, General Planning Division Jun 2024 Managing Executive Officer (treatment); seconded as President, Gunma Ginko Lease Co., Ltd. Apr 2025 Senior Managing Executive Officer (treatment); seconded as President, Gunma Ginko Lease Co., Ltd. Jun 2026 Managing Director (current)
1964-10-13
Shizuo OTANI
Managing Director
Apr 1993 Joined the Bank Oct 2014 General Manager, Shin-Kiryu Branch Jun 2016 Senior Personnel Officer, Human Resources Division Jun 2020 Deputy General Manager, Human Resources Division Jun 2022 General Manager, Secretariat Office Jun 2024 Executive Officer, General Manager, General Planning Division Jun 2026 Managing Director; in charge of General Planning Division (current)
1970-10-05
Kuniko NISHIKAWA
Director
Apr 1986 Joined Citibank, N.A. Feb 1996 Joined A.T. Kearney K.K. Sep 2000 Representative Director, President, Super Nurse Co., Ltd. Aug 2010 Representative Director, President, First Star Healthcare Co., Ltd. (current) Apr 2013 Outside Director, Regional Economy Vitalization Corporation of Japan Jun 2013 Representative Director, President, Benesse MCM Co., Ltd. Jun 2015 Outside Director, OMRON Corporation May 2017 Representative Director, President, FRONTEO Healthcare Inc. Jun 2018 Outside Audit and Supervisory Board Member, AIG Japan Holdings K.K. Jun 2020 Director, the Bank (current) Jun 2020 Outside Director, Solasto Corporation Jun 2020 Outside Director, AIG Japan Holdings K.K. Apr 2022 Outside Director, Panasonic Holdings Corporation Feb 2024 Outside Director, Kewpie Corporation (current)
1962-07-09
Kazuto OSUGI
Director
Apr 1977 Joined Bank of Japan Nov 1986 Economist, Bank for International Settlements (BIS) Jun 1999 Branch Manager, Matsumoto Branch, Bank of Japan May 2001 Deputy Branch Manager, Osaka Branch, Bank of Japan May 2003 Senior Director, RM, Industrial Revitalization Corporation of Japan Jul 2005 Counselor, Financial Institutions Bureau, Bank of Japan; Head, Financial Advancement Center May 2006 Inspector, Inspection Office, Bank of Japan Apr 2007 Head, Policy Board Office, Bank of Japan Apr 2009 Visiting Professor, Ochanomizu University Sep 2011 Auditor, Bank of Japan Oct 2015 Advisor, Security Transportation Division, Nippon Express Co., Ltd. Jun 2016 Outside Director, NISSHA Co., Ltd. (formerly Nihon Shashin Insatsu Co., Ltd.) (current) Aug 2018 Outside Director, Frontier Management Inc. Jun 2021 Director, the Bank (current) Mar 2024 Outside Director (Audit and Supervisory Committee Member), Frontier Management Inc.
1953-07-31
Takuji KANAIZAWA
Director
Apr 1981 Joined Azusa Audit LLC (formerly Asahi Accounting Firm) Mar 1984 Registered as Certified Public Accountant Aug 1996 Partner, Azusa Audit LLC Aug 2001 Representative Partner, Azusa Audit LLC Jun 2008 Executive Director, Azusa Audit LLC Sep 2009 Chairman, Senior Review Board, Azusa Audit LLC Jul 2011 Head, 4th Business Division, Tokyo Office, Azusa Audit LLC Jul 2015 Managing Executive Director, Azusa Audit LLC; Head of Audit & Assurance, KPMG Japan Apr 2016 Head of Audit & Assurance, KPMG Asia Pacific Jun 2019 Deputy Chairman, Azusa Audit LLC Jun 2024 Outside Director, Eisai Co., Ltd. (current) Jun 2024 Director, the Bank (current)
1959-03-05
Kimitoshi MASHIMO
Full-time Audit and Supervisory Board Member
Apr 1987 Joined the Bank Feb 2009 General Manager, Maebashi Kita Branch Jun 2012 General Manager, Sales Strategy Office, Sales Management Division Jul 2013 Deputy General Manager, Human Resources Division Jun 2015 General Manager, Kencho Branch Jun 2017 General Manager, Shibukawa Branch Jun 2018 Executive Officer, General Manager, Shibukawa Branch Jun 2019 Executive Officer, General Manager, Omiya Branch Jun 2020 Managing Executive Officer, General Manager, Omiya Branch Jun 2021 Managing Executive Officer, General Manager, Internal Audit Division Jun 2022 Managing Executive Officer, General Manager, Risk Management Division Jun 2024 Full-time Audit and Supervisory Board Member (current)
1963-05-13
Masakatsu WATANABE
Full-time Audit and Supervisory Board Member
Apr 1992 Joined the Bank Jun 2014 General Manager, Kowado Branch Oct 2016 Deputy General Manager, Head Office Sales Division Jun 2018 Deputy General Manager, General Planning Division Jun 2020 General Manager, Secretariat Office Jun 2022 General Manager, Human Resources Division Jun 2023 Executive Officer, General Manager, Human Resources Division Apr 2024 Executive Officer, Deputy General Manager, Risk Management Division Jun 2024 Executive Officer, General Manager, Risk Management Division Jun 2026 Full-time Audit and Supervisory Board Member (current)
1968-12-05
Yasuo KAMIYA
Audit and Supervisory Board Member
Apr 1981 Registered as Attorney-at-law (Gunma Bar Association) Apr 1983 Opened Kamiya Law Office (now Ryomo Law Office) (current) Oct 2003 Member, Gunma Dispute Mediation Committee, Ministry of Health, Labour and Welfare Apr 2008 Chairman, Gunma Bar Association Apr 2008 Managing Director, Japan Federation of Bar Associations Apr 2008 Managing Director, Kanto Federation of Bar Associations Nov 2009 Member, Gunma Pollution Dispute Review Committee Jul 2012 Member, Gunma Public Safety Commission Jul 2014 Chairman, Gunma Public Safety Commission Nov 2018 Chairman, Gunma Pollution Dispute Review Committee Jun 2020 Audit and Supervisory Board Member, the Bank (current)
1950-06-01
Hiroshi KASAHARA
Audit and Supervisory Board Member
Apr 1978 Joined Gunma Prefectural Government Apr 2011 Director, Finance Division, General Affairs Department, Gunma Prefectural Government Apr 2013 Director General, Hospital Bureau, Gunma Prefectural Government Apr 2014 Director General, Planning Department, Gunma Prefectural Government Apr 2016 Superintendent, Gunma Prefectural Board of Education Mar 2022 Chairman, Gunma Prefecture Culture and Education Foundation (current) Mar 2022 Trustee, Gunma Prefecture Long-life Society Foundation (current) Jun 2022 Audit and Supervisory Board Member, the Bank (current)
1955-07-06
Sumiko SUZUKI
Audit and Supervisory Board Member
Apr 2001 Joined Misuzu Audit Corporation (formerly Chuo Aoyama Audit Corporation) Apr 2004 Registered as Certified Public Accountant Jan 2007 Opened Suzuki CPA Office (current) Apr 2007 Registered as Certified Tax Accountant Jul 2020 Councilor, Japan International Human Resource Development Organization (current) Jun 2021 Auditor, Japan Greenery Center (general incorporated foundation) Jun 2024 Audit and Supervisory Board Member, the Bank (current)
1975-11-28
Mari KANO
Director
Apr 1984 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Sep 2012 General Manager, Milan Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Oct 2014 General Manager, Sales Planning Department, Sales Headquarters, Mitsubishi UFJ NICOS Co., Ltd. Feb 2017 Member of the Board of Directors, United Way Romania Apr 2019 Director, Center for International Exchange, Showa Women's University Oct 2019 Special Professor, General Education Center, Showa Women's University (formerly Comprehensive Education Center) Jun 2020 Outside Director, Okamura Corporation (scheduled to retire Jun 2026) Jun 2021 Outside Director, Tokyo Rope Mfg. Co., Ltd. (current) Apr 2022 Outside Director, Tokio Marine Asset Management Co., Ltd. (current) Jun 2023 Councilor, Japan Textile Products Quality and Technology Center (current) Jun 2026 Director, the Bank (current)
1960-05-27
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-22
4.07%→3.94%
Nomura Asset Management Co., Ltd.
2026-10-07
4.07%
Capital Research and Management Company
2026-02-06
3.86%→4.98%
Capital Research and Management Company
2025-09-22
3.86%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-03
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-12
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-02-06
Large Shareholding Report
TDnet
2026-02-03
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-27
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-22
Large Shareholding Report
TDnet
2025-07-29
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-13
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-27
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-09
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-21
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-03
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-06
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-22
Quarterly Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-19
Quarterly Securities Report
EDINET
2021-08-04
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-03
Quarterly Securities Report
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