Shizuoka Financial Group, Inc. and The Nagoya Bank, Limited have concluded a basic agreement to carry out business integration through a share exchange targeted for April 1, 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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/8522-20260327-01.pdf","jir_short_summary":"Shizuoka Financial Group, Inc. and The Nagoya Bank, Limited have concluded a basic agreement to carry out business integration through a share exchange targeted for April 1, 2028.","jir_summary":"### Overview of Business Integration\nShizuoka Financial Group, Inc. (Shizuoka FG) and The Nagoya Bank, Limited have signed a basic agreement to conduct business integration through a share exchange, with Shizuoka FG becoming the wholly owning parent company of Nagoya Bank, targeted for April 1, 2028. Both banks have leveraged their strong business and customer bases as regional financial institutions, having commenced a comprehensive business partnership in April 2022 and promoted cooperation by utilizing each other's management resources. Post integration, a two-bank system will be maintained while aiming to enhance corporate value and regional financial strength under a holding company structure.\n\n### Future Schedule and Outlook\nGoing forward, the final contract and share exchange agreement are planned to be concluded in March 2027, followed by an extraordinary shareholders meeting of Nagoya Bank in December of the same year, with the effective date of the share exchange set for April 1, 2028. The share exchange ratio will be determined based on due diligence results and evaluations by a third-party appraisal organization. The impact of the business integration on consolidated results for the fiscal year ending March 2026 is currently expected to be minimal, and any necessary revisions to earnings forecasts will be promptly disclosed.","jir_financial_highlights":"Capital (Shizuoka FG): 90,000 million yen (Unknown)\nCapital (Nagoya Bank): 25,090 million yen (Unknown)\nTotal Shares Issued (Shizuoka FG): Common shares 580,129 thousand shares (Unknown)\nTotal Shares Issued (Nagoya Bank): Common shares 49,366 thousand shares (Unknown)\nTotal Assets (Shizuoka FG consolidated): 15,878,358 million yen (Unknown)\nTotal Assets (Nagoya Bank consolidated): 6,235,491 million yen (Unknown)\nNet Income Attributable to Owners of Parent (Shizuoka FG consolidated): 74,618 million yen (Forecast for fiscal year ending March 2025) (Unknown)\nNet Income Attributable to Owners of Parent (Nagoya Bank consolidated): 14,730 million yen (Forecast for fiscal year ending March 2025) (Unknown)","jir_category":"","jir_hashtags":"#ShizuokaFinancialGroup, #NagoyaBank, #BusinessIntegration, #MandA, #RegionalFinance","jir_key_figures":"Capital (Shizuoka FG): 90,000 million yen\nTotal Shares Issued (Shizuoka FG): Common shares 580,129 thousand shares\nShare Exchange Effective Date: Scheduled for April 1, 2028","jir_meta_title":"Shizuoka FG and Nagoya Bank Reach Basic Agreement on Business Integration in April 2028 to Strengthen Regional Finance","jir_meta_description":"Shizuoka Financial Group and Nagoya Bank have reached a basic agreement to integrate their businesses through a share exchange targeted for April 1, 2028. Leveraging their strong business and customer bases, both aim to enhance regional financial strength and maximize corporate value.","jir_og_title":"Shizuoka FG and Nagoya Bank Announce Basic Agreement for Business Integration","jir_og_description":"Shizuoka FG and Nagoya Bank have concluded a basic agreement to integrate via share exchange in April 2028, aiming to strengthen regional financial capabilities and improve corporate value.","jir_og_image_url":"\/assets\/og\/company-m_and_a_alliance.jpg","jir_chart_data_collection":"[]","ir_related_company":8900,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-37095","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n