Overview
Banks

The Musashino Bank,Ltd.

Musashino Bank is a regional bank headquartered in Saitama City, primarily serving the Saitama Prefecture market with a network of 98 branches and 2 sub-branches. The Bank provides a full range of financial services including deposit-taking, lending, foreign exchange, securities brokerage, and trust services to retail and corporate clients. Through its group companies, it also offers complementary financial services including leasing, credit guarantee, credit card, and venture capital services.

Market Cap
¥240B
US$1.53B
EV
¥—B
Stock¥2,474▼-3.13%
US$1 = ¥156.80 (2026-10-23)
ROE
5.8%
* LTM NI / end-of-period equity
PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+63.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
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Performance & Balance
Revenue 5Y (¥B)
71.2US$454M'22/381.9US$522M'23/381.1US$517M'24/384.1US$536M'25/3106US$674M'26/3
Net Income 5Y (¥B)
9.00US$57.4M'22/310.9US$69.3M'23/311.3US$71.8M'24/313.1US$83.8M'25/315.4US$98.3M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
790US$5.04B'22/3484US$3.08B'23/3230US$1.47B'24/3161US$1.02B0.00US$0.01M'25/3217US$1.38B0.00US$0.01M'26/3
Shareholders
Top 10 hold 35.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.56%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.35%
3
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
3.03%
4
The Chiba Bank,Ltd.
2.79%
5
Meiji Yasuda Life Insurance Company
2.22%
6
Sumitomo Life Insurance Company
2.12%
7
The Musashino Bank,Ltd. Employee Stock Ownership Association
1.99%
8
Maeda Glass Co., Ltd.
1.83%
9
JPMorgan Securities Japan Co., Ltd.
1.79%
10
Satoshi TAKAHASHI
1.70%
Management
12 officers
Kazumasa NAGAHORI
Representative Director, President
Apr 1984 Joined the Bank Apr 2006 Manager, Toda Nishi Branch Jun 2008 Manager, Koshigaya Branch Jun 2010 General Manager, General Planning Department Jul 2011 Executive Officer, General Manager, General Planning Department Jun 2014 Managing Director Jun 2017 Senior Managing Director Jun 2019 Director, President (current)
1961-03-30
Toshiyuki SHIRAI
Representative Director, Deputy President
Apr 1985 Joined the Bank Apr 2007 Manager, Ina Branch Jun 2009 Manager, Shiki Branch Jun 2011 General Manager, Sales Planning Department Jul 2013 Executive Officer, General Manager, Sales Planning Department Apr 2014 Executive Officer, General Manager, Human Resources Department Jun 2015 Managing Director Jun 2020 Senior Managing Director Jun 2025 Director, Deputy President (current)
1962-01-02
Kiyoshi TAKIZAWA
Managing Director
Apr 1992 Joined the Bank Apr 2017 Manager, Iwatsuki Branch Oct 2019 Deputy General Manager, Sales Management Department Apr 2021 Manager, Kitaurawa Branch Jun 2022 Executive Officer, Manager, Kitaurawa Branch Oct 2022 Executive Officer, General Manager, Sales Management Department Apr 2024 Executive Officer Jun 2024 Managing Director (current) Feb 2026 Managing Director, Head of Sales Division (concurrent) (current)
1969-02-11
Kazuhide KUSABU
Managing Director
Apr 1993 Joined the Bank Apr 2016 Deputy Manager, Miyahara Branch Oct 2016 Manager, Shirakuwa Branch Jun 2018 Manager, Kounosu Branch Apr 2020 Deputy General Manager, General Planning Department, Manager, Management Policy Office Apr 2021 Deputy General Manager, General Planning Department, Manager, Management Policy Office Apr 2022 Deputy General Manager, General Planning Department, Manager, Regional Trading Company Preparation Office Jul 2022 President, Musashino Mirai Partners Co., Ltd. Jun 2023 Executive Officer, President, Musashino Mirai Partners Co., Ltd. Apr 2025 Executive Officer Jun 2025 Senior Executive Officer (current) Jun 2026 Managing Director (scheduled)
1969-11-07
Taei MORITA
Managing Director
Apr 1995 Joined the Bank Apr 2020 Manager, Sakado Branch Jun 2022 Manager, Tokorozawa Branch, Manager, Tokorozawa Station Front Branch Apr 2024 General Manager, Administration Division Jun 2024 Executive Officer, General Manager, Administration Division Apr 2026 Executive Officer (current) Jun 2026 Managing Director (scheduled)
1972-01-02
Katsuya ISONAKA
Managing Director
Apr 1995 Joined the Bank Apr 2020 Manager, Oi Branch Jun 2022 Manager, Omiya Branch, Manager, Amagi Branch Apr 2024 General Manager, General Planning Department Jun 2024 Executive Officer, General Manager, General Planning Department Apr 2026 Executive Officer (current) Jun 2026 Managing Director (scheduled)
1973-03-27
Susumu KUROSAWA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1984 Joined the Bank Apr 2006 Manager, Misato Branch Apr 2008 Deputy General Manager, General Planning Department Apr 2011 Deputy General Manager, General Planning Department Jun 2011 Deputy General Manager, Market and Finance Department Oct 2011 General Manager, Market and Finance Department Jun 2012 General Manager, Risk Management Department Jun 2014 General Manager, General Planning Department, Manager, Management Policy Office Jul 2015 Executive Officer, General Manager, General Planning Department Jun 2017 Managing Director Jun 2022 Full-time Corporate Auditor (current) Jun 2026 Director (Full-time Audit and Supervisory Committee Member) (scheduled)
1961-04-11
Ryuichi MITSUOKA
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Diesel Kiki Co., Ltd. (now Bosch Corporation) Mar 2005 Executive Officer, same company Jan 2007 Managing Executive Officer, same company Apr 2009 Managing Director, same company Jul 2011 Senior Managing Director, same company Nov 2011 President, Fuji Aitac Co., Ltd. (concurrent); President, FA Niigata Co., Ltd. (concurrent) Jul 2013 Resigned as President, Fuji Aitac Co., Ltd.; Resigned as President, FA Niigata Co., Ltd. Aug 2013 Senior Managing Director, Bosch Corporation Apr 2016 Director, Senior Managing Executive Officer, Bosch Corporation Dec 2018 Resigned as Director, Senior Managing Executive Officer, Bosch Corporation Jun 2019 Outside Director (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) (scheduled)
1958-10-30
Ayako KOBAYASHI
Director (Audit and Supervisory Committee Member)
Oct 2000 Registered as Attorney-at-Law; joined Kataoka Sogo Law Office (now Kataoka Sogo Law Office LPC) Jan 2009 Partner, Kataoka Sogo Law Office (current) Sep 2013 Part-time Lecturer, Keio University Law School Jun 2019 Outside Corporate Auditor, KITZ Corporation Apr 2020 Instructor in Civil Advocacy, Legal Training and Research Institute Jun 2021 Outside Director (current) Apr 2023 Professor, Keio University Law School (current) Mar 2024 Outside Director, KITZ Corporation (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) (scheduled)
1975-10-14
Yukimitsu SANADA
Director (Audit and Supervisory Committee Member)
Apr 1981 Joined The Bank of Tokyo, Ltd. (now MUFG Bank, Ltd.) Aug 1984 Studied at Yonsei University, Korea May 1997 Deputy Branch Manager, Tokyo-Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Dec 1997 General Manager, Corporate Lending Department, Dresdner Bank Tokyo Branch Nov 1998 Associate Professor, Institute of Business and Communication, Aichi Shukutoku University Apr 2002 Professor, Faculty of Communication, Aichi Shukutoku University Apr 2004 Professor, Faculty of Business, Aichi Shukutoku University Jun 2014 Non-Standing Auditor, Tama Shinkin Bank (current) Jun 2021 Outside Director (current) Oct 2024 Vice President and Professor, Kaetsu University Oct 2024 Professor Emeritus, Aichi Shukutoku University (current) Jul 2025 Outside Director, KYB Corporation (current) Apr 2026 President and Professor, Kaetsu University (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) (scheduled)
1957-09-23
Hayato YOSHIDA
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined Nissan Motor Co., Ltd. Oct 1988 Joined Chuo Shinko Audit Corporation (later Misuzu Audit Corporation) Mar 1992 Registered as Certified Public Accountant Nov 1993 Seconded to Coopers & Lybrand, Germany Aug 2000 Partner, Misuzu Audit Corporation Sep 2006 Representative Partner, Misuzu Audit Corporation Aug 2007 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Aug 2007 Partner, Tohmatsu Audit Corporation Jun 2021 Retired from Tohmatsu Audit Corporation Jul 2021 Opened Hayato Yoshida CPA Office; Representative (current) Jun 2022 Director (Audit and Supervisory Committee Member), Nippon Soda Co., Ltd. (current) Jun 2022 Outside Corporate Auditor (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) (scheduled)
1960-03-12
Akira NAKANO
Director (Audit and Supervisory Committee Member)
Apr 1979 Joined Saitama Prefectural Government Apr 2004 Section Chief, Management Division, Hospital Bureau, Saitama Prefectural Government Apr 2006 Section Chief, Public Relations Division, General Affairs Department, Saitama Prefectural Government Apr 2008 Section Chief, Finance Division, Planning and Finance Department, Saitama Prefectural Government Apr 2010 Deputy Director-General, Planning and Finance Department, Saitama Prefectural Government Apr 2012 Counselor and Deputy Director-General, Planning and Finance Department, Saitama Prefectural Government Apr 2013 Director-General, Planning and Finance Department, Saitama Prefectural Government Apr 2015 Chief Administrator of Public Enterprises, Saitama Prefectural Government Apr 2016 Advisor for Planning, Saitama Prefectural Government Apr 2017 Full-time Managing Director, Saitama Credit Guarantee Corporation May 2017 Senior Managing Director, Saitama Credit Guarantee Corporation May 2019 President, Saitama Credit Guarantee Corporation Jun 2022 Auditor, Saitama Housing Inspection Center (current) Sep 2022 Auditor, Saitama Prefectural University (current) Jun 2023 Outside Corporate Auditor (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member) (scheduled)
1955-04-22
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-07
3.69%
Nomura Asset Management Co., Ltd.
2026-05-22
4.11%→3.91%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-28
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-28
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-28
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-06
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-07
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-25
Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-07
Quarterly Securities Report
EDINET
2021-11-26
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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