FIDEA Holdings Co. Ltd.
Notice of Conclusion of Merger Agreement Between Shonai Bank and Hokuto Bank
A merger agreement has been concluded between Shonai Bank and Hokuto Bank, both wholly owned subsidiaries. Shonai Bank will be the surviving company and Hokuto Bank the disappearing company. The merger is planned to take effect on 2027-01-01, and FIDEA Holdings Co. Ltd. will hold all shares of both banks. The company has announced there is no impact on the earnings forecast for the fiscal year ending March 2027.
Key Figures
- Merger effective date: 2027-01-01 (planned)
- Outstanding shares (Shonai Bank): 121,321,649 shares
- Net Income (Fiscal year ending March 2026, standalone): 5 hundred million yen and 12 million yen
AI要約
Overview of the Matter
FIDEA Holdings Co. Ltd.'s wholly owned subsidiaries, Shonai Bank and Hokuto Bank, have entered into an absorption-type merger agreement. The merger method will designate Shonai Bank as the surviving company and Hokuto Bank as the disappearing company. The merger will be implemented while FIDEA Holdings Co. Ltd. holds all issued shares of both banks, and the merger is scheduled to take effect on 2027-01-01 (planned). The merger is subject to obtaining approvals and permits from the relevant authorities.
Future Impact and Outlook
The company has stated that this merger will have no impact on the earnings forecast for the fiscal year ending March 2027. The new bank aims to support the regional economies of Yamagata and Akita prefectures by expanding scale and strengthening its business base, and plans to reinforce initiatives that promote regional revitalization.
FIDEA Holdings Co. Ltd.
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