Daiwa Next Bank plans to wholly acquire 1,200,000 issued shares of ORIX Bank for 370 billion yen using entirely own funds, making it a 100% subsidiary. Synergy effects from the merger are expected to improve cash flow by 35 billion yen.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8601","jir_company_name":"Daiwa Securities Group Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/8601-20260427-07.pdf","jir_short_summary":"Daiwa Next Bank plans to wholly acquire 1,200,000 issued shares of ORIX Bank for 370 billion yen using entirely own funds, making it a 100% subsidiary. Synergy effects from the merger are expected to improve cash flow by 35 billion yen.","jir_summary":"### Transaction Overview\nDaiwa Next Bank aims to acquire all issued shares of ORIX Bank and make it a 100% subsidiary. The number of shares acquired is 1,200,000, with an acquisition price of 370 billion yen, and the acquisition funds will be fully financed by own funds. A future merger of both banks is envisaged.\n\n### Purpose and Synergy Effect\nThrough strengthening the wealth management division, the goal is sustainable expansion of stable earnings and improvement of ROE and EPS. Leveraging the strengths of both banks to realize a virtuous cycle of deposit growth and loan expansion. Synergy effects are expected to improve cash flow by 35 billion yen, aiming to expand deposits by over 2 trillion yen in five years.\n\n### Capital, Regulation and Schedule\nEven after this transaction, capital buffers will be effectively utilized to maintain financial soundness. Regulatory ratios will be maintained with consolidated total capital adequacy ratio over 14% and Tier 1 ratio over 12%. The contract signing date is scheduled for April 27, 2026, and the share transfer date is planned by October 2026.\n\n### Overview of ORIX Bank and Daiwa Next Bank\nORIX Bank was established in 1993 with capital of 45 billion yen and 922 employees. Daiwa Next Bank was established in 2010 with capital of 50 billion yen and 96 employees. The banks complement each other\u2019s strengths by integrating a robust balance sheet with high deposit-gathering capability, lending, and trust functions.","jir_financial_highlights":"Number of Shares Acquired: 1,200,000 shares (100% acquisition)\nAcquisition Price: 370 billion yen (Unknown)\nVoting Rights Ratio: 100% (Unknown)\nProfit Scale of ORIX Bank (5-Year Average): Ordinary Income: approx. 30 billion yen, Net Income: approx. 20 billion yen (Unknown)\nCapital Regulatory Ratio (Post-Transaction): Consolidated Total Capital Adequacy Ratio: over 14% (down 5pts), Consolidated Common Equity Tier 1 Ratio: over 12% (down 5pts) (Unknown)","jir_category":"","jir_hashtags":"#DaiwaSecuritiesGroup, #M&A, #ORIXBank, #Subsidiarization","jir_key_figures":"Number of Shares Acquired: 1,200,000 shares (100% acquisition)\nAcquisition Price: 370 billion yen (planned to be fully financed by own funds)\nORIX Bank Profit Scale: Ordinary Income approx. 30 billion yen, Net Income approx. 20 billion yen (5-year average)","jir_meta_title":"\u3010Daiwa Securities Group Inc.\u3011Subsidiarization of ORIX Bank for 370 Billion Yen\uff5cApril 2026","jir_meta_description":"Daiwa Securities Group Inc., through Daiwa Next Bank, announces the acquisition of all shares of ORIX Bank for 370 billion yen and its making a subsidiary. The integration of both banks aims to create a virtuous cycle of deposit and loan growth, targeting sustainable expansion of stable earnings.","jir_og_title":"\u3010Daiwa Securities\u3011Subsidiarization of ORIX Bank for 370 Billion Yen\uff5cApril 2026","jir_og_description":"Daiwa Securities Group Inc. acquires all shares of ORIX Bank making it a subsidiary. Synergy effects are expected to improve cash flow by 35 billion yen.","jir_og_image_url":"\/assets\/og\/company-m_and_a_alliance.jpg","jir_chart_data_collection":"[]","ir_related_company":7388,"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-42949","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n