#GunmaBank

The Gunma Bank, Ltd. and Daishi Hokuetsu Financial Group, Inc. have reached a final agreement to execute business integration through a share exchange effective April 1, 2027.

Gunma Bank, Ltd. and Dai-ichi Hokuetsu Financial Group, Inc. plan to execute a business integration via share exchange effective April 1, 2027. The share exchange ratio is 1.125 Gunma Bank shares for every 1 Dai-ichi Hokuetsu share. After the integration, a new company named Gunma Niigata Financial Group, Inc. will be established.

Our bank clarified that the media reports regarding the business integration with Fourth Hokuetsu Financial Group, Inc. are prior to any official announcement, and announced that the Board of Directors meeting on March 26 will place the final agreement on the agenda.

As of June 23, 2026, Akihiro Goto and Takeo Uchibori are scheduled to be appointed as Representative Deputy Presidents. Changes to multiple directors, auditors, and executive officers have also been decided.

Ordinary income for the third quarter of FY March 2026 was 65,112 million yen (up 44.5% YoY), and net income attributable to owners of parent was 44,791 million yen (up 40.5% YoY), achieving 81.4% progress toward the full-year earnings guidance.

Quarterly net income attributable to owners of the parent was 44.7 billion yen, an increase of 12.9 billion yen year-over-year, progressing smoothly at 81.4% of the full-year plan of 55 billion yen.