Overview
Banks

Bank of The Ryukyus,Limited

The Ryukyu Bank is a core regional bank in Okinawa Prefecture, operating a network of 75 branches (including 14 sub-branches) offering deposit-taking, lending, domestic and foreign exchange, and investment trust services to SMEs and individuals across Okinawa. Through six consolidated subsidiaries, the Group provides complementary financial services including leasing (Ryukyu Lease), credit card processing (Ryugin DC and OCS), credit guarantee (Ryugin Hosho), IT services (Riucom), and economic research (Ryugin Research Institute). The Bank serves as a key pillar of Okinawa's financial system and regional economic development, and participates in the TSUBASA Alliance for inter-regional bank cooperation.

Market Cap
¥112B
US$712M
EV
¥—B
Stock¥2,723▼-1.48%
US$1 = ¥156.80 (2026-10-23)
ROE
6.5%
* LTM NI / end-of-period equity
PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+52.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 24, 25Stock rise on strong interim earnings
2Mar 5, 26Reassessment that rate hikes benefit banks
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Performance & Balance
Revenue 5Y (¥B)
57.0US$364M'22/360.1US$383M'23/366.0US$421M'24/369.2US$441M'25/380.3US$512M'26/3
Net Income 5Y (¥B)
5.59US$35.7M'22/35.90US$37.6M'23/35.65US$36.0M'24/35.75US$36.7M'25/39.08US$57.9M'26/3
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
770US$4.91B'22/3598US$3.81B'23/3341US$2.18B'24/3171US$1.09B0.29US$1.83M'25/3161US$1.02B2.48US$15.8M'26/3
Shareholders
Top 10 hold 34.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.92%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.40%
3
QR Fund Investment Limited Partnership
3.11%
4
Bank of The Ryukyus,Limited Stock Ownership Association
2.64%
5
Tomonari TOYOSATO
2.60%
6
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
1.93%
7
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/ LUXEMBOURG FUNDS/UCITS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited)
1.51%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.35%
9
Nomura Securities Co., Ltd.
1.34%
10
OSG Corporation
1.18%
Management
13 officers
Yasushi KAWAKAMI
Chairman and Representative Director
Apr 1985: Joined Bank of the Ryukyus Dec 2010: Branch Manager, Koza Branch Jun 2012: General Manager, Sales Division Jun 2013: Executive Officer, General Manager, Sales Division Jun 2014: Director, General Manager, Sales Division Jun 2015: Director, General Manager, General Planning Department and Head of Related Business Office Jun 2016: Managing Director Apr 2017: President and Representative Director Apr 2024: Chairman and Representative Director (current)
1961-08-19
Ken SHIMABUKURO
President and Representative Director
Apr 1987: Joined Bank of the Ryukyus Jun 2005: Manager, Market Finance Section, International Securities Department Jun 2012: Branch Manager, Tomari Branch Jun 2014: Deputy General Manager, Human Resources Department Apr 2017: Deputy General Manager, Human Resources Department Nov 2017: General Manager, General Affairs Department Apr 2021: General Manager, General Planning Department Apr 2022: Managing Executive Officer Jun 2022: Managing Director Oct 2023: Senior Managing Director and Representative Director Apr 2024: President and Representative Director (current)
1963-09-28
Tsuyoshi KIKUCHI
Senior Managing Director and Representative Director
Apr 2007: Joined Bank of the Ryukyus Jun 2010: Manager, Retail Business Section, Sales Division Jun 2014: Branch Manager, Tomari Branch Apr 2016: Branch Manager, Nishihara Branch Apr 2018: Deputy General Manager, Sales Promotion Department Apr 2020: General Manager, Human Resources Department Apr 2022: General Manager, General Planning Department Apr 2023: Managing Executive Officer Jun 2023: Managing Director Apr 2024: Senior Managing Director and Representative Director (current)
1968-04-21
Ikuo TONAKI
Managing Director
Apr 1992: Joined Bank of the Ryukyus Mar 2013: Branch Manager, Makabe Branch Dec 2014: Branch Manager, Ishikawa Branch Apr 2017: Branch Manager, Yonabaru Branch Jul 2018: Deputy General Manager, General Planning Department and Head of Related Business Office Apr 2020: General Manager, Internal Audit Department Apr 2021: General Manager, Operations Division Apr 2023: General Manager, General Planning Department Apr 2024: Managing Executive Officer Jun 2024: Managing Director (current)
1969-05-17
Michio NAKAGAWA
Managing Director
Apr 2007: Joined Bank of the Ryukyus Apr 2015: Branch Manager, Shogyo Danchi Branch Apr 2017: Branch Manager, Futenma Branch Apr 2018: General Manager, Credit Examination Department Apr 2022: President and Representative Director, Ryukyu Lease Co., Ltd. Apr 2024: Managing Executive Officer, Bank of the Ryukyus Jun 2024: Managing Director (current)
1968-10-23
Yuya YAMAIRIHATA
Managing Director
Apr 1991: Joined Bank of the Ryukyus Apr 2013: Branch Manager, Sakata Branch Apr 2015: Branch Manager, Chatan Branch Apr 2017: Branch Manager, Miyako Branch Apr 2020: General Manager, Head Office Sales Department Apr 2022: General Manager, Sales Promotion Department Apr 2024: General Manager, General Planning Department Apr 2025: Managing Executive Officer Jun 2025: Managing Director (current)
1968-07-25
Kanako TOMIHARA
Director
Apr 1980: Joined Ryukyu Sekiyu Co., Ltd. (now Ryusekiyu Co., Ltd.) Jun 2001: Manager, Business Planning, Ryusekiyu Co., Ltd. Jun 2003: Director, General Manager, Administration Department and Secretariat Office, Ryusekiyu Co., Ltd. Jun 2005: Director, General Manager, Business Development Division, Ryusekiyu Co., Ltd. Jun 2011: Managing Director, General Manager, Business Development Division and General Manager, Hotel and Restaurant Business Division, Ryusekiyu Co., Ltd. May 2014: Representative Director, Ryusekiyu Trading Co., Ltd. May 2014: Director (part-time), Ryusekiyu Co., Ltd. May 2019: Resigned as Representative Director, Ryusekiyu Trading Co., Ltd. Jun 2019: Resigned as Director, Ryusekiyu Co., Ltd. Jun 2020: Director, Bank of the Ryukyus (current) Apr 2021: Part-time Executive Director, University of the Ryukyus Mar 2025: Resigned as Part-time Executive Director, University of the Ryukyus
1956-08-07
Masaharu HANAZAKI
Director
Apr 1979: Joined Development Bank of Japan (now Development Bank of Japan Inc.) Jul 1985: Stationed at the Organisation for Economic Co-operation and Development (OECD), Paris Mar 1994: Brookings Institution, United States Oct 2000: Associate Professor, Institute of Economic Research, Hitotsubashi University Oct 2007: Director, Equipment Investment Research Institute, Development Bank of Japan Inc. Apr 2012: Professor, Graduate School of Commerce, Hitotsubashi University Apr 2020: Professor, Saitama Gakuen University Jun 2020: Director, Bank of the Ryukyus (current) Apr 2023: Dean, Faculty of Economics and Business Administration, Saitama Gakuen University (current)
1957-01-11
Kazumi ITO
Full-time Statutory Auditor
Apr 1987: Joined Bank of the Ryukyus Jun 2005: Manager, Deposit Section, Head Office Sales Department Apr 2006: Manager, Operations Planning Section, Operations Division Jun 2011: Deputy General Manager, Human Resources Department Apr 2014: Branch Manager, Ginowan Branch Apr 2016: Branch Manager, Shuri Branch Apr 2017: General Manager, Human Resources Department Apr 2020: General Manager, Centralized Operations Department Apr 2021: President and Representative Director, Ryugin Research Institute Co., Ltd. Apr 2023: Executive Officer, Bank of the Ryukyus Jun 2023: Full-time Statutory Auditor (current)
1965-01-15
Koji KUWABARA
Statutory Auditor
Apr 1989: Joined Bank of Japan Jul 2004: Planning Officer, Operations Department Jul 2009: Senior Planning Officer, Operations Department Jul 2010: Manager, Operations Business Section, Operations Department Feb 2011: Manager, Operations Section, Osaka Branch Sep 2013: Manager, Business Continuity Planning Section, Settlement Systems Department May 2015: Chief Manager, Operations Department Mar 2017: Director, Mito Office May 2018: Manager, Naha Branch Nov 2020: Retired from Bank of Japan Dec 2020: Director, Masuoka-gumi Co., Ltd. Dec 2022: Managing Director, Masuoka-gumi Co., Ltd. Dec 2023: Adviser, Masuoka-gumi Co., Ltd. (current) Jun 2024: Statutory Auditor, Bank of the Ryukyus (current)
1965-10-02
Masakazu NAKAJI
Director
Apr 1982: Joined Shuri Kanko Co., Ltd. Nov 1989: Joined Daini Denden Inc. (now KDDI Corporation) Apr 2004: General Manager, Sales Division, Okinawa Cellular Telephone Company Jun 2006: Executive Officer, Okinawa Cellular Telephone Company Jun 2007: Director, Okinawa Cellular Telephone Company Jun 2013: Managing Director (in charge of Sales), Okinawa Cellular Telephone Company Jun 2016: President and Representative Director, Okinawa Communication Network Co., Ltd. Apr 2017: Managing Director, General Manager, Sales Headquarters, Okinawa Cellular Telephone Company Jun 2017: Executive Vice President and Representative Director, General Manager, Sales Headquarters, Okinawa Cellular Telephone Company Jun 2019: Vice President and Representative Director, General Manager, Sales Headquarters, Okinawa Cellular Telephone Company Jun 2020: Resigned as Vice President and Representative Director, Okinawa Cellular Telephone Company Jun 2022: Adviser, Okinawa Communication Network Co., Ltd. Jul 2022: Adviser, Okinawa Cellular Telephone Company Jun 2023: Resigned as Adviser, Okinawa Cellular Telephone Company Jun 2023: Resigned as Adviser, Okinawa Communication Network Co., Ltd. Sep 2023: Adviser, Glovalex Okinawa Co., Ltd. (current) Jun 2026: Director, Bank of the Ryukyus (current)
1957-12-22
Mayumi KOIKE
Statutory Auditor
Oct 1999: Passed Second Stage of Japanese CPA Examination; registered as Certified Public Accountant Trainee; joined Ota Showa & Co. (now EY ShinNihon LLC) Apr 2003: Passed Third Stage of Japanese CPA Examination; registered as Certified Public Accountant Jun 2013: Secretary, Okinawa Chapter, Japanese Institute of Certified Public Accountants Feb 2016: Opened Koike CPA Office (now Mayumi Koike CPA Office) Apr 2016: Auditor, National University Corporation University of the Ryukyus May 2018: Director, Kinsho Head Office Co., Ltd. (now Kinsho Holdings Co., Ltd.) May 2021: Statutory Auditor, Kinsho Holdings Co., Ltd. (current) Jun 2024: Statutory Auditor, Bank of the Ryukyus (current)
1975-09-09
Dai UENO
Statutory Auditor
Apr 1985: Joined Chiyoda Life Insurance Company Apr 1991: Asset Management Planning Department, Chiyoda Life Insurance Company Nov 2000: Japan Risk Data Bank Co., Ltd. Jul 2005: Basel II Promotion Office, General Affairs Division, Supervisory Bureau, Financial Services Agency Aug 2007: General Manager, Corporate Planning Department, AIG Co., Ltd. Feb 2013: Chief Risk Officer, Executive Officer in charge of Risk Management, Prudential Holdings of Japan Inc. Jun 2017: Chief Risk Officer, Executive Officer in charge of Risk Management, Prudential Life Insurance Company, Ltd. Oct 2021: Executive Officer in charge of Audit Team, Prudential Life Insurance Company, Ltd. Jun 2025: Resigned as Executive Officer in charge of Audit Team, Prudential Life Insurance Company, Ltd. Jun 2025: Statutory Auditor, Bank of the Ryukyus (current)
1961-05-19
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-07-07
3.71%→3.50%
Nomura Asset Management Co., Ltd.
2026-05-22
3.71%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-23
Forecast Revision
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-17
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-26
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-08-13
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-26
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-27
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2023-05-10
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-25
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-25
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-22
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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