Okinawa FG

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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: 7350 (Tokyo Stock Exchange Prime Market and Fukuoka Stock Exchange Main Board) 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) ^[Okinawa Financial Group company profile: https://www.okinawafg.co.jp/about_us/; company history: https://www.okinawafg.co.jp/history/; Japan Exchange Group security profile 7350: https://www2.jpx.co.jp/tseHpFront/StockSearch.do?method=&topSearchStr=7350]

2025-03 financial results (consolidated)

The following table is scoped to public primary sources (okinawafg.co.jp, www2.jpx.co.jp, fse.or.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

Major shareholders (as of 2022-03-31 / public)

The following table is scoped to public primary sources (okinawafg.co.jp, www2.jpx.co.jp, fse.or.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

Major subsidiaries / holdings

Okinawa FG (holding company / listed 7350)
  ├── Bank of Okinawa (100%) ── 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 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 support

Bank 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

The following table is scoped to public primary sources (okinawafg.co.jp, www2.jpx.co.jp, fse.or.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

2. Business segment map

The following table is scoped to public primary sources (okinawafg.co.jp, www2.jpx.co.jp, fse.or.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

The 2 th medium-term management plan “Co-creation of Growth — Creating Okinawa’s Growth Together” (2024-04〜2027-03)

3 strategic pillars:

1. 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
2. Human-capital management — supporting asset formation through wage-level improvement / financial-literacy improvement
3. 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)

The following table is scoped to public primary sources (okinawafg.co.jp, www2.jpx.co.jp, fse.or.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

• 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)

The following table is scoped to public primary sources (okinawafg.co.jp, www2.jpx.co.jp, fse.or.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^↗

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)

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[!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.