Seven Bank, Ltd.
Notice Regarding Obtaining Approval of Major Bank Shareholder by Itochu Corporation
Seven Bank, Ltd. announced that Itochu Corporation has obtained approval of major bank shareholder from the Financial Services Agency. Itochu Corporation will receive disposal of treasury stock and aims to hold 20% of voting rights going forward.
Key Figures
- Number of Issued Shares: Unknown
- Issue Price: Unknown
- Amount Raised: Unknown
- Dilution Rate: Unknown
- Paid-in Amount: Unknown
- Allottee: Itochu Corporation
AI要約
Overview of Capital Policy
Seven Bank, Ltd. conducted a disposal of treasury stock allocated to Itochu Corporation on October 14, 2025, and concluded a capital and business alliance agreement. Itochu Corporation has expressed its intention to additionally acquire shares through market purchases, etc., up to holding 20% of the company’s voting rights, subject to obtaining major bank shareholder approval under Article 52-9, Paragraph 1 of the Banking Act and necessary approvals under competition laws. This announcement confirms that Itochu Corporation has received approval from the Financial Services Agency as a major bank shareholder. Details on the paid-in amount and number of issued shares are not provided in the materials.
Impact on Shareholders and Use of Funds
The materials do not specify exact figures for the number of issued shares or the paid-in amount, making it impossible to calculate the dilution rate. Therefore, the impact on shareholder dilution and the use of funds are also not detailed. Whether there is any capital procurement associated with the disposal of treasury stock is unknown.
