Yokohama Financial Group (formerly Concordia Financial Group)
On this page
- Wiki route
- TL;DR
- 1. Company overview
- 2025-03 term results (FY2024 full-year consolidated actual)
- 2026-03 term forecast (FY2025 full-year consolidated forecast / disclosed 2025-11-13)
- Major shareholders (top 10, as of 2026-03-31)
- Major subsidiaries / organisation
- Merger history / predecessors
- Key chronology (excerpt)
- 2. Business segment map
- Strategic axes
- Alliances / partnerships
- Competitive landscape
- Integration synergies / challenges
- B2C branding
- 4. Regulation / policy
- Related
- Sources
Wiki route
This entry sits under regional-banks INDEX. Read it against Fukuoka FG (FFG) for peer / contrast context and banking index for the broader system / regulatory boundary.
TL;DR
Among the largest domestic regional-bank FGs, with deposits of 19.7 兆円 and total assets of 24.8 兆円 (as of end-2025-03 , top tier among standalone regional-bank FGs) . On 2016-04-01, Bank of Yokohama + Higashi-Nippon Bank integrated their management via a joint share transfer, launching under the former name “Concordia Financial Group” (Latin for “harmony”). 2025-10-01 trade-name change → “Yokohama Financial Group, Inc.” (placing the core bank’s brand in the company name, aiming to raise domestic and overseas recognition) . A retail aggregate of Kanagawa Prefecture (overwhelming in-prefecture share) + Tokyo-metropolitan-area mid-tier / SME business. Securities code TSE PRIME 7186. FY2024 (2025-03 term) net income 828 億円 (YoY +23.7%); FY2025 (2026-03 term) full-year forecast 1,065 億円 (+28.6%), posting consecutive double-digit earnings growth on the tailwind of BoJ rate hikes. Bank of Yokohama is a non-member of the TSUBASA Alliance, and has a “Chiba-Yokohama Partnership” with Chiba Bank (from 2019; 24-28 fiscal-year second phase, with a 250 億円 synergy target). Its biggest competitors are fukuoka-fg / Chiba Bank・resona-hd.
1. Company overview
Formal name: Yokohama Financial Group, Inc. (from 2025-10-01; formerly “Concordia Financial Group, Ltd.”) English name: Yokohama Financial Group, Inc. (formerly Concordia Financial Group, Ltd.) Securities code: TSE PRIME 7186 (listed 2016-04-01, in exchange for the delisting of Bank of Yokohama 8332 and Higashi-Nippon Bank 8536 ; the same code continues after the trade-name change) Established: 2016-04-01 (management integration via joint share transfer of Bank of Yokohama + Higashi-Nippon Bank) Head office: Minato Mirai 3-1-1, Nishi-ku, Yokohama (inside the Bank of Yokohama head-office building) Representative Director and President: Tatsuya Kataoka
2025-03 term results (FY2024 full-year consolidated actual)
| Item | Figure | YoY |
|---|---|---|
| Ordinary revenue | 3,991 億円 | +408 億円 |
| Ordinary profit | 1,228 億円 | +458 億円 |
| Net income attributable to parent shareholders | 828 億円 | +159 億円 (+23.7%) |
| Total assets | 24 兆 7,931 億円 | +4,114 億円 |
| Deposit balance (consolidated) | 19.7 兆円 | — |
| Loan balance (consolidated) | 16.6 兆円 | — |
| Gross business profit | 2,444 億円 | +391 億円 |
| Annual dividend | 29 円 | — |
2026-03 term forecast (FY2025 full-year consolidated forecast / disclosed 2025-11-13)
| Item | Forecast | YoY |
|---|---|---|
| Ordinary revenue | 4,907 億円 | +22.9% |
| Ordinary profit | 1,550 億円 | +26.2% |
| Net income | 1,065 億円 | +28.6% |
| Annual dividend | 34〜37 円 | — |
Main drivers: lending-margin improvement accompanying BoJ policy-rate normalisation, strengthening of the solution business, and subsidiary earnings contribution Main operating areas: Kanagawa Prefecture・Tokyo・the Tokyo metropolitan area / dividend-payout policy: around 40% The precise consolidated employee count is undetermined (see
.opinions/JapanFG/concordia-fg.md). The holding company alone is 5 名 (a pure holding company).
Major shareholders (top 10, as of 2026-03-31)
| Rank | Shareholder name | Shares held (thousands) | Ratio |
|---|---|---|---|
| 1 | The Master Trust Bank of Japan (trust account) | 178,123 | 15.56% |
| 2 | Custody Bank of Japan (trust account) | 71,663 | 6.26% |
| 3 | Mizuho Trust & Banking, retirement-benefit trust account | 36,494 | 3.18% |
| 4 | State Street Bank and Trust Company | 30,583 | 2.67% |
| 5 | Meiji Yasuda Life Insurance | 30,061 | 2.62% |
| 6 | Nippon Life Insurance | 24,578 | 2.14% |
| 7 | JP Morgan Chase Bank | 15,566 | 1.36% |
| 8 | Sumitomo Life Insurance | 14,770 | 1.29% |
| 9 | BBH (LUX) for Fidelity Funds | 14,409 | 1.25% |
| 10 | Nomura Trust and Banking (investment-trust account) | 13,453 | 1.17% |
Treasury stock 30,142 thousand shares. Source: Yokohama FG official IR “Status of Shares” (as of 2026-03-31)
Major subsidiaries / organisation
Yokohama Financial Group (holding company・TSE PRIME 7186, 2025-10-01 trade-name change)
├── Bank of Yokohama, Ltd. (100%) ── Kanagawa-based・regional-bank No.1 class
│ ├── Deposit balance over 15 兆円 (standalone) ── top tier even as a standalone regional bank
│ ├── Overwhelming in-prefecture share (SME〜mid-tier・individual retail)
│ ├── Yokohama Bank Lease (consolidated subsidiary)
│ ├── Hamagin Research Institute (think tank)
│ └── Hamagin Finance (cards・credit guarantee)
├── Higashi-Nippon Bank, Ltd. (100%) ── Tokyo SME-focused・Tokyo-metropolitan regional bank
│ ├── Deposit balance approx. 2〜3 兆円 (standalone)
│ ├── Specialised in lending to central-Tokyo〜Tokyo-metropolitan SMEs
│ └── 2018-08 improper-lending・anti-social-checking issue → business-improvement-order history
└── Intermediate functions: systems・HR・compliance integration functions directly under the FGMerger history / predecessors
- Former Yokohama Koshin Bank (predecessor of Bank of Yokohama)
- 1920 Yokohama Koshin Bank established (a group of local financial institutions before the Great Kanto Earthquake)
- 1924 Koshin Bank (predecessor) dissolved → 1928 Yokohama Koshin Bank established
- 1957 renamed Bank of Yokohama
- Former Tokyo Shokusan Bank (predecessor of Higashi-Nippon Bank)
- 1924 Tokyo Shokusan Bank established
- 1949 renamed Higashi-Nippon Bank
- CFG launch: 2016-04-01
- YFG trade-name change: 2025-10-01
Key chronology (excerpt)
| Year/month | Event |
|---|---|
| 1920 | Yokohama Koshin Bank established (predecessor of Bank of Yokohama) |
| 1924 | Koshin Bank dissolved + Tokyo Shokusan Bank (predecessor of Higashi-Nippon Bank) established |
| 1928 | Yokohama Koshin Bank established |
| 1949 | Tokyo Shokusan Bank → renamed Higashi-Nippon Bank |
| 1957 | Yokohama Koshin Bank → renamed Bank of Yokohama |
| 1962 | Bank of Yokohama listed on TSE 1 Section (former 8332) |
| 1981 | Higashi-Nippon Bank listed on TSE 2 Section (former 8536) |
| 2016-04-01 | CFG launch (joint share transfer of Bank of Yokohama + Higashi-Nippon Bank, new 7186 listing / 8332・8536 delisting) |
| 2018-08 | Higashi-Nippon Bank business-improvement order (improper lending・inadequate anti-social-attribute checking; screening deficiencies spanning multiple past years came to light) |
| 2018-09〜2019 | Higashi-Nippon Bank management renewal・internal-control rebuilding |
| 2019-07 | ”Chiba-Yokohama Partnership” business alliance (359 億円 synergy in 5 years, exceeding the 200 億円 target) |
| 2020-04 | COVID pandemic → surge in emergency SME lending・subsidy-window handling |
| 2022-04 | TSE market-segment review → TSE PRIME 7186 |
| 2024-03 term | BoJ negative-rate exit → domestic lending-rate-margin improvement |
| 2024-05 | Chiba-Yokohama Partnership second-phase 5 -year plan announced (24-28 fiscal years, synergy target 250 億円) |
| 2025-01-29 | Board of Directors resolves the “Yokohama FG” trade-name change |
| 2025-10-01 | ”Concordia FG” → “Yokohama Financial Group” trade-name change (placing the core bank’s brand in front, raising domestic and overseas recognition) |
| 2025-11-13 | FY2025 Q2 interim earnings report disclosed; full-year net-income forecast revised to 1,065 億円 (+28.6%) |
2. Business segment map
| Segment | Main operator | Characteristics |
|---|---|---|
| Individual retail | Bank of Yokohama | Overwhelming in-Kanagawa share・mortgages・deposits |
| Mid-tier・SME | Bank of Yokohama | Main bank for mid-tier companies in Kanagawa + the Tokyo metropolitan area |
| Tokyo SME focus | Higashi-Nippon Bank | Central-Tokyo SME lending・historically a niche segment |
| Corporate IB / syndicated loans | Bank of Yokohama | Among regional banks, high participation capacity in IB deals |
| Trust・private placement | Bank of Yokohama (alliance with sumitomo-mitsui-trust etc.) | No standalone trust licence → refers to mega-trust banks |
| Cards・credit guarantee | Hamagin Finance + group | Bank-incidental business |
| Leasing | Yokohama Bank Lease | Top tier among regional-bank-affiliated leasing |
| Think tank | Hamagin Research Institute | Kanagawa economic data・regional analysis |
| Digital | Cross-group | Regional-bank standard + proprietary app・“Hamagin App” etc. |
Strategic axes
- “Financial platform” strategy: in addition to banking, integrated provision of non-financial services to regional companies (business succession・M&A intermediation・personnel introduction, etc.)
- Kanagawa + Tokyo-metropolitan concentration: instead of going nationwide, maximises the use of the size of the Tokyo-metropolitan GDP
- A division of roles of Bank of Yokohama = retail + mid-tier / Higashi-Nippon Bank = Tokyo SME focus (the 2 社-subsidiary-bank structure continues even after integration)
- Return to the “Yokohama” brand via the trade-name change (2025-10-01): leveraging internationality・diversity・regional brand power, raising recognition
Alliances / partnerships
| Alliance | Counterparty | Content | Status |
|---|---|---|---|
| Chiba-Yokohama Partnership | Chiba Bank | M&A support, syndicated lending, co-hosting corporate-support seminars, mutual personnel exchange, digital-talent development, advertising-business collaboration | 2019-07〜, second-phase 2024-2028 年 FY synergy target 250 億円 (first-phase 359 億円 achieved) |
| TSUBASA Alliance | Chiba Bank・Musashino Bank・Daishi Hokuetsu Bank・Chugoku Bank・Iyo Bank・Hokuyo Bank, and others, 10 行 | Systems consolidation, FinTech, anti-money-laundering measures, joint purchasing of non-fossil certificates | Bank of Yokohama is a non-member (the two-party alliance with Chiba Bank is the main axis) |
Note: the old version stated TSUBASA Alliance membership, but that was incorrect. Bank of Yokohama is not a TSUBASA member. The “Chiba-Yokohama Partnership” with Chiba Bank is the centre of the Tokyo-metropolitan regional-bank wide-area collaboration.
Competitive landscape
| Competitor | Base | Landscape |
|---|---|---|
| Chiba Bank・Chiba Kogyo Bank | Chiba Prefecture・Tokyo metropolitan area | A partnership-alliance counterpart, but a competitor as a main bank for Tokyo-metropolitan mid-tier companies |
| resona-hd (Saitama Resona・Resona Bank) | Tokyo metropolitan area | Former-city-bank affiliate・strong retail・direct competitor in Tokyo-metropolitan individual finance |
| fukuoka-fg | Fukuoka Prefecture・Kyushu | A No.1 -class contender in regional-bank FG scale・a comparison subject in nationwide regional-bank rankings |
| smfg / mufg / mizuho-fg | Nationwide | Partial competitors as main banks for mid-tier companies (megabanks focus on large companies, regional banks on mid-tier・SME) |
| paypay-fg / Rakuten Bank | Digital | Emerging competitors in the individual digital domain |
Integration synergies / challenges
- Deposit-integration effect: a deposit scale that is regional-bank No.1 class on a standalone basis → able to take on large corporate deals
- Systems integration: progress of the integration work of the Bank of Yokohama-based platform + Higashi-Nippon Bank
- Higashi-Nippon Bank improper-lending issue (2018-08) → internal-control rebuilding・compliance strengthening underway
- Chiba-Yokohama Partnership: in the first phase (2019-2023), target 200 億円 → actual 359 億円; in the second phase (2024-2028), 250 億円 synergy target
B2C branding
- Bank of Yokohama = “Hamagin”: overwhelming recognition as life infrastructure for Kanagawa residents
- Higashi-Nippon Bank: for central-Tokyo SMEs, weak B2C brand
- Yokohama FG (former CFG): the holding-company brand had limited penetration among individual customers, but the 2025-10 trade-name change brought the “Yokohama” brand to the fore
- Shareholder benefits (changed from the 2025-03 basis): switched from a time-deposit interest-rate add-on to a catalogue gift of Kanagawa・Tokyo specialty products, strengthening customer referral to the region
4. Regulation / policy
- Supervisor: Financial Services Agency (FSA)
- Holding-company regulation: Banking Act Article 52 -17 (bank holding company)
- Business-improvement-order history: 2018-08 an order was issued to Higashi-Nippon Bank for improper lending・inadequate anti-social checking → management renewal・internal-control rebuilding
- Recent policy issues:
- 2024〜 BoJ policy-rate normalisation → domestic lending-rate-margin improvement bonus (FY2024 net income +23.7%, FY2025 +28.6% forecast)
- 2024〜 regional-bank-consolidation expectations (FSA stance: does not deny consolidation itself, but does not lead it as the authority)
- 2025〜 reduction of operating branches・restructuring of regional branches
- promotion of business-feasibility-assessment lending to SMEs (lending not reliant on collateral・guarantees)
- ESG / regional-decarbonisation finance (outside the framework of the TSUBASA joint purchasing of non-fossil certificates)
Related
- mufg · smfg · mizuho-fg · fukuoka-fg · resona-hd · sumitomo-mitsui-trust
- paypay-fg · rakuten-fg · sbi-hd
Sources
- Yokohama FG official IR (https://www.yokohamafg.co.jp/ir/, the former concordia-fg.jp is a 301 redirect, confirmed 2026-05-19)
- Concordia FG 2025 年 3 月-term earnings report [Japanese standard] (consolidated) (disclosed 2025-05-12, ordinary revenue 3,991 億円・net income 828 億円・total assets 24.79 兆円)
- Yokohama FG 2026 年 3 月-term 2 quarter (interim) earnings report (disclosed 2025-11-13, full-year forecast ordinary revenue 4,907 億円・ordinary profit 1,550 億円・net income 1,065 億円)
- Nihon Keizai Shimbun “Concordia changes company name to ‘Yokohama FG’, aiming to raise recognition” (2025-01〜09)
- NIKKIN ONLINE “‘Yokohama Financial Group’ launches, changed from Concordia FG” (2025-10)
- Kanaloco by Kanagawa Shimbun “Concordia to change company name to Yokohama FG in 10 , pushing ‘Yokohama’ to the fore in a return to its home ground”
- Chiba Bank press release “A new 5 -year plan for the ‘Chiba-Yokohama Partnership’ business alliance with Bank of Yokohama” (2024-05-17)
- TSUBASA Alliance official (https://tsubasa-al.co.jp/, 10 行-member structure as of end-2025-03 , Bank of Yokohama non-membership confirmed)
- Yokohama FG official IR “Status of Shares” (https://www.yokohamafg.co.jp/shareholder/stock/fact/index.html, as of 2026-03-31) — top 10 major shareholders (The Master Trust Bank of Japan 15.56% etc.) confirmed
- Wikipedia: Yokohama Financial Group / Bank of Yokohama / Higashi-Nippon Bank (extracted 2026-05-19)
[!info] Verification status confidence: confirmed (based on the v2.0 official earnings report 2026-05-19). FY2024 full-year actuals and FY2025 full-year forecast are fixed at the official-report values. Important correction 2 件: ① the company name was changed from “Concordia FG” to “Yokohama Financial Group” effective 2025-10-01 (securities code 7186 unchanged). ② Bank of Yokohama is a non-member of the TSUBASA Alliance (an error in the old version). The wide-area collaboration is centred on the “Chiba-Yokohama Partnership” with Chiba Bank (from 2019). The major shareholders have been confirmed against and reflected from the Yokohama FG official IR “Status of Shares” (as of 2026-03-31) (ambiguous items reconciled 2026-05-29). The precise consolidated employee count could not be confirmed against a primary source (secondary aggregate figures conflict); it has been isolated to
.opinions/JapanFG/concordia-fg.md, and the latest figure should be checked against the securities report.