Shizuoka Financial Group,Inc.
Regarding the Basic Agreement on Business Integration
Shizuoka Financial Group, Inc. and The Nagoya Bank, Ltd. have signed a basic agreement to pursue business integration through a share exchange targeted for April 1, 2026.
Key Figures
- Capital (Shizuoka FG): 90,000 hundred million yen
- Number of Outstanding Shares (Shizuoka FG): Common shares 580,129 thousand shares
- Effective Date of Share Exchange: Scheduled for April 1, 2028
AI要約
Overview of Business Integration
Shizuoka Financial Group, Inc. (Shizuoka FG) and The Nagoya Bank, Ltd. have signed a basic agreement to pursue business integration through a share exchange, aiming for April 1, 2026, to make Shizuoka FG the wholly owning parent company and Nagoya Bank its wholly owned subsidiary, leveraging a strong regional financial base. Both companies have been strengthening shared management resources and solution sales based on the 'Shizuoka-Nagoya Alliance' established in April 2022, and through this integration, they aim to enhance regional financial capabilities and maximize corporate value.
Purpose and Future Schedule of Business Integration
This business integration aims to promote wide-area collaboration between the two companies and enhance regional financial strength to develop into a top-tier regional bank financial group. Following the integration, a two-bank system will be maintained, and governance will be strengthened through a holding company structure. The final contract signing is planned for March 2027, followed by an extraordinary shareholders meeting of Nagoya Bank in December 2027, with the effective date of the share exchange scheduled for April 1, 2028. The share exchange ratio will be determined based on the results of due diligence and other evaluations.
