The Type 95 was a 7.4-tonne vehicle with a complement of 3 crewmen: a commander, a hull machine gunner, and a driver. Only the commander was seated in the turret, hence he was responsible for observation, loading, aiming, firing the main gun, as well as decision-making and commanding the crew. The hand-operated turret was small and extremely cramped.
The primary armament of the most produced version was a Type 98 37 mm gun with the barrel length of 46.1 calibers. It elevated between -15 to +20 degrees. The tank carried two types of 37 mm ammunition, the high-explosive and armor-piercing. For the latter, muzzle velocity was 675-700 m/s, and the armor penetration was 25 mm at a distance of 500 m.
Secondary armament consisted of two 7.7 mm Type 97 light machine guns, one mounted in the hull and the other in the turret, not coaxially with the main gun but facing to the rear right (that is, in the five-o-clock direction).
The most characteristic feature of the Type 95 tank was its simple suspension system. Two bogie wheels were suspended on a single bell crank with two bell cranks per side. The tracks were driven through the front sprockets. There were two return wheels. The suspension had troubles early on, with a tendency to pitch so badly on rough ground that the crew sometimes found it impossible to drive at any speed, and so it was modified with a brace to connect the pairs of bogies. Despite this, the tank continued to give its users a rough ride across any uneven ground. It was provided with an interior layer of asbestos, primarily to isolate the crew from the sun-heated armor plates, but also to protect from injury when the tank moved at high speed across rough terrain.
Type 95 was fitted with 120 hp (89.5 kW) Mitsubishi NVD 6120 air-cooled diesel engine.
Some tanks were fitted with two reflectors in the front of the vehicle for night operations.