Yokohama Financial Group (formerly Concordia Financial Group)

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) ^•

2026-03 term forecast (FY2025 full-year consolidated forecast / disclosed 2025-11-13) ^•

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) ^•

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 FG

Merger 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) ^•

2. Business segment map

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

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

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.