The Awa Bank, Ltd.
Notice regarding capital and business alliance related to the consolidated subsidiary Awa Bank Connect Co., Ltd. and the changes in consolidated subsidiaries
The Awa Bank has concluded a capital and business alliance with its consolidated subsidiary Awa Bank Connect and Shikoku Broadcasting. Awa Bank Connect will conduct a third-party allotment; Shikoku Broadcasting will subscribe to all the new shares, diluting Awa Bank Connect's voting rights to 50%. Going forward, Awa Bank Connect is planned to be a equity-method affiliate. The dates are approved on September 25, 2026, with payment and start planned for November 2, 2026. The impact on consolidated results for the fiscal year ending March 2027 is expected to be minor.
Key Figures
- Third-party allotment shares: 2,000 shares
- Post-allocation voting rights: Shikoku Broadcasting Co., Ltd. 50.0%, The Awa Bank 50.0%
- Schedule: Capital and business alliance agreement date of signing September 29, 2026 (planned), third-party allotment payment date November 2, 2026 (planned)
AI要約
Outline of the capital and business alliance
This matter involves the Awa Bank Group entering into a capital and business alliance agreement with Awa Bank Connect and Shikoku Broadcasting to support regional business expansion and brand value enhancement, wherein Shikoku Broadcasting will subscribe to new shares issued to a third party via Awa Bank Connect. Although Awa Bank Connect is currently 100% owned, the voting rights will fall to 50% after the third-party allotment, and it is planned to become an associate accounted for under the equity method.
Future outlook and impact
The alliance aims to combine EC mall operations and consulting capabilities with Shikoku Broadcasting's information dissemination and content production strengths to drive regional sales expansion and brand value. It aims to contribute to the promotion of Tokushima's regional industries and to increase economic vitality, with the impact on the consolidated results for the fiscal year ending March 2027 expected to be minor, and any additional disclosures will be made as necessary.
The Awa Bank, Ltd.
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