Okinawa FG
#JapanFG#regional-bank#okinawa
On this page
- Wiki route
- TL;DR
- 1. Company overview
- 2025-03 financial results (consolidated)
- Major shareholders (as of 2022-03-31 / public)
- Major subsidiaries / holdings
- Bank of Okinawa predecessors / merger history
- Key chronology
- 2. Business segment map
- The 2 th medium-term management plan “Co-creation of Growth — Creating Okinawa’s Growth Together” (2024-04〜2027-03)
- Strategic themes closely tied to Okinawa’s economic characteristics
- Competitive relations (the in-prefecture 3 行 oligopolistic structure)
- Officers (as of 2022-03 / public)
- 4. Regulation and policy
- Related
- Sources
Wiki route
This entry sits under regional-banks INDEX. Read it against Ryukyu Bank for peer / contrast context and banking index for the broader system / regulatory boundary.
TL;DR
A standalone regional-bank FG based in Okinawa Prefecture (consolidated total assets 2 兆 8552 億円, net profit 79 億円 / 2025-03 period, net profit +27% growth). Converted to a holding company via the 2021-10-01 sole share transfer of Okinawa Bank, TSE PRIME 7350. An in-prefecture-self-contained group structure of the in-prefecture No. 1 regional bank Okinawa Bank (established 1956 , taking on the prefecture’s designated financial institution in alternating years with ryukyu-bank) + Okigin Securities, Okigin Lease, Okigin JCB, etc. Recent tailwinds are the V-shaped recovery of the tourism industry (Naha Airport’s 2 runway / the JUNGLIA theme park opening from 2025) + strengthening of corporate lending + improvement in securities yields + growth in investment-trust sales / business-succession fees. In the in-prefecture 3 行 (Okinawa Bank・ryukyu-bank・The Okinawa Kaiho Bank, Ltd.) oligopolistic structure, Bank of Okinawa maintains the top position with about 30% of the in-prefecture deposit-loan share.
1. Company overview
Formal name: Okinawa Financial Group, Inc. English name: Okinawa Financial Group, Inc. Securities code: TSE PRIME 7350 (listed 2021-10-01) Established: 2021-10-01 (full parent-company conversion via the sole share transfer of Bank of Okinawa) Headquarters: 3-10-1 Kumoji, Naha City, Okinawa Prefecture (same as the Bank of Okinawa head-office location)
2025-03 financial results (consolidated)
| Item | Amount |
|---|---|
| Ordinary income | 587 億 5600 万円 (YoY +51 億 8300 万円 / +10%) |
| Net profit for the period | 79 億円 (YoY +27%) |
| Total assets (as of end-2022-03 ) | 2 兆 8552 億 5600 万円 |
| Deposits and loans (Bank of Okinawa / bank + trust combined, as of end-2025-03 ) | Loans 1 兆 9455 億円 (vs prior period-end +568 億円) |
| Employees (consolidated, as of end-2024-03 basis) | approx. 1581 名 |
| Dividend (2025-03 period) | Interim 45 円 + period-end 60 円 = annual 105 円 |
| Market capitalization (2026-05-18) | approx. 1417 億円 (share price 6160 円) |
| PER (forecast) | 10.96x |
| PBR | 0.81x |
| ROE (forecast) | 7.4% |
Major shareholders (as of 2022-03-31 / public)
| Shareholder | Ratio |
|---|---|
| The Master Trust Bank of Japan (trust account) | 9.86% |
| NORTHERN TRUST CO. (AVFC) | 4.71% |
| Custody Bank of Japan (trust account) | 3.78% |
| Employee stock-ownership association | 3.19% |
| Okinawa Land and Housing | 3.02% |
Major subsidiaries / holdings
Okinawa FG (holding company / listed 7350)
├── Bank of Okinawa (100%) ── [[regional-banks/okinawa-bank]] / in-prefecture No. 1 regional bank / established 1956 / head office Kumoji, Naha City
│ ├── In-prefecture 65 店 (as of end-2015-03 basis / restructuring currently underway)
│ ├── Consolidated total assets over 2.8 兆円 / in-prefecture deposit-loan share about 30%, top position
│ ├── Okinawa Prefecture designated financial institution (taken on in alternating years with [[regional-banks/ryukyu-bank]])
│ ├── Trust-concurrently-operating bank (trust business started 1959-05 )
│ ├── Listed on TSE 1 Section 1989-09 (now PRIME 8392 → delisted 2021-10 / FG conversion)
│ ├── OKIPay (2019-06〜 QR payment)
│ └── Mascot: Little Twin Stars (Kiki & Lala, 2015-05〜)
├── Okigin Securities (100%, former Okinawa Securities / all shares acquired 2017-03 )
├── Okigin Lease (100%, established 1979-10 )
├── Okigin JCB (100%, established 1987-11 ) ── credit card / JCB merchant business
├── Okigin S.P.O. (100%) ── business services / clerical outsourcing
├── Okigin Economic Research Institute (100%, established 2004-01 ) ── in-prefecture think tank
├── Okigin System Service (100%, established 1990-12 ) ── core-banking / IT subsidiary
├── Okigin Business Service (100%, established 1985-04 )
├── Churashima Debt Collection (established 2014-11 ) ── servicer
└── Okigin Success Partners (established 2025-07 ) ── business-succession / M&A supportBank of Okinawa predecessors / merger history
- 1956-06-21 Bank of Okinawa established (capital 3000 万 B yen / the currency being the pre-mainland-reversion B yen)
- Founders: led by local business-world figures such as Kotaro Kokuba (Kokuba Gumi) + Kamakichi Oshiro (Oshiro Gumi) + Nishiro Miyagi (Ryukyu Tobacco / Miyako Seito) + Ichiro Inamine (Ryukyu Oil)
- First president: Yoshiyuki Higa
- Founding anniversary 7 month 10 day (the business-start date)
- 1959-05 Trust business started (becoming a trust-concurrently-operating regional bank)
- 1963-08 Acquired Sanwa Mutual Bank
- 1964-04 Merged Toyo Mutual Bank
- 1971-10 Merged Nanyo Mutual Bank → became the largest bank within Okinawa Prefecture through 3 行 integration
- 1972-05-15 Okinawa’s reversion to mainland → became a licensed bank under Japan’s Banking Act, joined the Regional Banks Association of Japan (the Regional Banks Association), shifted to yen-denominated business
Key chronology
| Year/Month | Event |
|---|---|
| 1956-06 | Bank of Okinawa established (capital 3000 万 B yen) |
| 1956-07 | Started handling banking business (founding anniversary 7-10) |
| 1959-05 | Started trust business |
| 1963-08 | Acquired Sanwa Mutual Bank |
| 1964-04 | Merged Toyo Mutual Bank |
| 1971-10 | Merged Nanyo Mutual Bank |
| 1972-05 | Okinawa’s reversion to mainland → became a Banking Act licensed bank / joined the Regional Banks Association |
| 1979-10 | Okigin Lease established |
| 1982-12 | Okigin Guarantee established |
| 1985-04 | Okigin Business Service established |
| 1987-10 | Listed on TSE 2 Section / Fukuoka Stock Exchange |
| 1987-11 | Okigin JCB established |
| 1989-09 | Reassigned to TSE 1 Section |
| 1990-12 | Okigin System Service established |
| 2004-01 | Okigin Economic Research Institute established |
| 2014-11 | Churashima Debt Collection established |
| 2015-05 | Adopted the Little Twin Stars mascot |
| 2017-03 | Acquired all shares of Okinawa Securities (→ Okigin Securities) |
| 2019-06 | OKIPay launched (QR payment) |
| 2021-03 | Group SDGs declaration |
| 2021-10-01 | **Okinawa Financial Group established / listed on TSE PRIME 7350 ** (sole share transfer of Bank of Okinawa) ^[Okinawa FG official history] |
| 2022-04 | TSE market-segment review → PRIME maintained |
| 2024-04 | The 2 th medium-term management plan “Co-creation of Growth” started (2024-04〜2027-03) |
| 2025-05-09 | 2025-03 period net profit +27%, upward revision of the mid-term-plan targets announced (consolidated ordinary income 710 億 / net profit 110 億 / ROE about 6.20% revised upward) ^[Okinawa FG 2nd medium-term management plan PDF; 2025-05-09 target revision disclosure] |
| 2025-07 | Okigin Success Partners established (business succession / M&A) |
2. Business segment map
| Segment | Main operator | Characteristics |
|---|---|---|
| Corporate lending | Bank of Okinawa | In-prefecture corporate main bank / tourism industry + construction + operators around U.S. military bases |
| Individual deposits / mortgages | Bank of Okinawa | In-prefecture deposit-loan share about 30%, top position |
| Trust | Bank of Okinawa (trust concurrent) | 1959 〜 / trust concurrency is rare among regional banks |
| In-prefecture settlement | OKIPay / Okigin JCB | Okinawa-original QR payment + JCB merchants |
| Securities / investment trusts | Okigin Securities | In-prefecture face-to-face securities / investment-trust sales-fee growth (2025-03 period tailwind) |
| Leasing | Okigin Lease | 1979 〜 / in-prefecture equipment leasing |
| Business succession / M&A | Okigin Success Partners (established 2025-07 ) | In-prefecture SME succession support |
| Servicer | Churashima Debt Collection | Group debt processing |
| Think tank | Okigin Economic Research Institute | A leading data source for in-prefecture economic statistics / tourism statistics |
The 2 th medium-term management plan “Co-creation of Growth — Creating Okinawa’s Growth Together” (2024-04〜2027-03)
3 strategic pillars:
- Enhancing the value of the regional community — resolving the “leaky-bucket economy” (in-prefecture sales → outflow out of the prefecture) / involvement in large-scale development / collaboration with regional operators
- Human-capital management — supporting asset formation through wage-level improvement / financial-literacy improvement
- Building a growth foundation — climate-change response / realizing a sustainable society
Numerical targets after the upward revision (2025-05 revision):
- Consolidated ordinary income 710 億円
- Consolidated net profit 110 億円
- Consolidated ROE about 6.20%
Strategic themes closely tied to Okinawa’s economic characteristics
- V-shaped recovery of the tourism industry: visitor numbers / tourism revenue in a recovery phase from the COVID disaster → lending demand related to operation of Naha Airport’s 2 runway / resumption of overseas cruise-ship calls / **the opening of JUNGLIA (the northern jungle park) 2025-07 **, etc.
- Tourist-destination-by-area commercial zones: Naha (the central city / Kokusai-dori) + Onna Village (resort concentration) + Miyakojima / Ishigaki Island (remote-island tourism)
- U.S. military base economy: lending to operators around bases / redevelopment lending for returned base land (Chatan Town Hamby, etc.)
- In-prefecture large-scale development: Naha Airport surroundings / southern economic-zone restructuring / northern tourism-zone development
- Business-succession needs: in-prefecture SME succession amid aging → establishment of Okigin Success Partners (2025-07)
Competitive relations (the in-prefecture 3 行 oligopolistic structure)
| Bank | Position | Deposit-loan share | Listing | Holding-company conversion |
|---|---|---|---|---|
| Bank of Okinawa (Okinawa FG) | In-prefecture No. 1 | about 30% | PRIME 7350 (FG) | ◯ (2021-10) |
| ryukyu-bank (Bank of the Ryukyus) | In-prefecture No. 2 | about 25% class | PRIME 8399 | × |
| **[[regional-banks/okinawa-kaiho-bank | 沖縄海邦銀行]]** (Kaigin) | In-prefecture No. 3 | about 10% class | Unlisted (public company) |
- Comparative advantage of holding-company conversion: Okinawa FG is the only holding-company-converted one among the in-prefecture 3 行. It places non-bank subsidiaries such as securities, leasing, and JCB in parallel directly under the holding company → differentiating itself from the ryukyu-bank single-bank model with comprehensive financial-services development spanning trust, securities, and cards
- Prefectural designated financial institution: it takes on Okinawa Prefecture’s designated financial institution in alternating years with ryukyu-bank (a unique practice that keeps the two banks balanced)
- Difference from mainland regional banks: out-of-prefecture expansion is limited / only representative offices in major mainland cities. Unlike the out-of-prefecture expansion of mainland regional banks (kyushu-fg・fukuoka-fg, etc.), it maintains an in-prefecture-self-contained model
Officers (as of 2022-03 / public)
| Position | Name |
|---|---|
| Representative Director and Chairman | Yoshiaki Tamaki |
| Representative Director and President | Masayasu Yamashiro (concurrently president of Bank of Okinawa) |
4. Regulation and policy
- Supervisor: Financial Services Agency (FSA) / Bank of Japan Naha Branch
- Holding-company regulation: Banking Act Article 52 -17 (bank holding company)
- Rating: Bank of Okinawa JCR A+ (as of 2023-05 )
- Recent policy topics:
- 2024〜 BOJ policy-rate normalization → improvement of in-prefecture deposit-rate / loan-rate margins (a tailwind factor for the 2025-03 period net profit +27%)
- 2024〜 expansion of lending demand accompanying the V-shaped recovery of the tourism industry / JUNGLIA-related project finance
- 2025〜 increase in in-prefecture business-succession cases → strengthened response via the establishment of Okigin Success Partners
- Promotion-lending frameworks based on the Okinawa Prefecture Promotion Special Measures Act (extended 10 years / 2022-04)
Related
- ryukyu-bank — in-prefecture No. 2 regional bank / established 1948 / PRIME 8399 / single bank
- kyushu-fg · fukuoka-fg · nishi-nippon-fhd — Kyushu-area competitors / mainland regional banks
- mufg · smfg · mizuho-fg — megabank in-prefecture bases / large-corporate competition
- regional-banks INDEX
Sources
- Wikipedia: Okinawa Financial Group (https://ja.wikipedia.org/wiki/おきなわフィナンシャルグループ, 2026-05-19 extraction)
- Wikipedia: Bank of Okinawa (https://ja.wikipedia.org/wiki/沖縄銀行, 2026-05-19 extraction)
- Okinawa FG official history (https://www.okinawafg.co.jp/history/)
- Okinawa FG 2nd medium-term management plan PDF (https://www.okinawafg.co.jp/_themes/assets/file/mediumterm_management_plan/Medium-term_management_plan202404.pdf)
- Fukuoka Stock Exchange TDnet: Okinawa FG 2025-05-09 target revision disclosure (https://www.fse.or.jp/files/lis_tkj/25050973504.pdf)
- Okinawa FG 2025-03 financial results summary (published 2025-05-09)
- Okinawa FG 2 th medium-term management plan “Co-creation of Growth” (disclosed 2024-04-01)
- Nihon Keizai Shimbun “Okinawa FG net profit +27%, 25-03 period mid-term-plan targets revised upward” (2025-05-09)
- Bank of Okinawa official “The Footsteps of Okigin”
- M&A Online “An Okinawa regional bank walking its own path” (the in-prefecture 3 行 history of consolidation)
[!info] Verification status confidence: likely (based on Wikipedia + official history + Nikkei IR reporting + official IR pages 2026-05-19 cross-check). FY2025 net profit / ordinary income / loans are based on published figures. Deposit balance / capital adequacy ratio / number of branches vary with timing differences (the latest figures await the 2026-03 financial results summary, published 2026-05 ). Major shareholders are on the end-2022-03 basis; for the latest ratios, refer to the latest securities report.