The Gunma Bank, Ltd.
Final Agreement on Business Integration through Share Exchange between Gunma Bank, Ltd. and Dai-ichi Hokuetsu Financial Group, Inc.
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.
Key Figures
- Share Exchange Ratio: 1.125 Gunma Bank shares for every 1 Dai-ichi Hokuetsu share
- Number of Dai-ichi Hokuetsu Common Shares (planned): 425,812,953 shares
- Effective Date of Share Exchange: April 1, 2027 (planned)
AI要約
Overview of Business Integration
Gunma Bank, Ltd. and Dai-ichi Hokuetsu Financial Group, Inc. have reached a final agreement to execute a business integration via share exchange effective April 1, 2027. Following the integration, Dai-ichi Hokuetsu Financial Group will become the holding company and change its trade name to Gunma Niigata Financial Group, Inc. Both companies aim to leverage their regional customer base and solid financial foundation to establish a leading regional banking financial group.
Details and Schedule of Share Exchange
The share exchange ratio is set at 1.125 Gunma Bank shares for every 1 Dai-ichi Hokuetsu Financial Group share. The number of Dai-ichi Hokuetsu common shares is approximately 425.8 million shares (planned), while Gunma Bank’s outstanding shares are approximately 395.9 million (as of 2025-12-31). Extraordinary shareholders meetings for both companies will be held on 2026-12-23 for approval, with the integration effective from 2027-04-01. Gunma Bank will delist on the same day, while Dai-ichi Hokuetsu will maintain its listing on the Tokyo Stock Exchange.
