The Oita Bank, Ltd.
Revision of Target for Reduction of Strategic Shareholdings
Decided to revise the target to reduce strategic shareholdings on a book value basis by approximately 40%, or around 5.3 billion yen, compared to the end of March 2023, by the end of fiscal 2026.
Key Figures
- Target for Reduction of Strategic Shareholdings (Book Value Basis): Approximately 5.3 billion yen (about 40% reduction)
- Previous Target (Book Value Basis): Approximately 3.7 billion yen (about 30% reduction)
- Target Reduction Deadline: End of fiscal 2026 (March 2027)
AI要約
Overview of Revision to Target for Reduction of Strategic Shareholdings
The Oita Bank, Ltd. resolved at the Board of Directors meeting on January 26, 2026, to revise the target for reducing strategic shareholdings set in December 2023. The new goal is to reduce approximately 5.3 billion yen (about 40%) on a book value basis compared to the end of March 2023 by the end of fiscal 2026 (March 2027). The previous target was approximately 3.7 billion yen (about 30%), but the target was raised with the aim of strengthening governance and improving capital efficiency.
Future Policy and Engagement with Shareholders and Business Partners
The Bank plans to proceed with reductions by reviewing the rationale for holding shares of each individual stock in accordance with the Corporate Governance Code. It will continue to engage in careful dialogue with business partners whose shares it holds as strategic shareholdings and will strive to maintain and strengthen trust even after the reduction. Additionally, details on the transition and targets for strategic shareholding reduction are also provided within the document.
