Seven Bank, Ltd.
Announcement Regarding Change in Other Affiliated Company
Itochu Corporation has increased its voting rights ratio in Seven Bank, Ltd. to over 20%, becoming an "other affiliated company."
Key Figures
- Transaction Type: Capital and Business Alliance
- Target Company: Itochu Corporation
- Transaction Value: Unknown
- Expected Completion Date: Unknown
- Expected Synergy: Building a Shared Financial Service Platform for the Convenience Store Industry
AI要約
Overview of the Transaction
Seven Bank, Ltd. conducted a disposal of treasury stock allocated to Itochu Corporation on October 14, 2025, resulting in Itochu's ownership voting rights ratio in the Company exceeding 20%. As a result, Itochu Corporation is categorized as an "other affiliated company" of Seven Bank. The transaction value and expected completion date have not been disclosed.
Purpose and Background of the Transaction
Based on the capital and business alliance with Itochu Corporation, the Company aims to fully leverage the resources and expertise of both groups to become a shared financial service platform for the convenience store industry. The specific impact on future performance is currently undetermined, and disclosures will be made promptly as necessary.
