Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
126224
¥100 million (combined total assets of the new financial group following the business integration)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Name of transactionCounterpartyIyogin Holdings,Inc.
Disclosing companyIyogin Holdings,Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Banking
Location Matsuyama, Ehime PrefectureShare capital ¥21,367 millionDate of incorporation 20 March 1943
Net income for the current fiscal year¥7,212 million (fiscal year ended March 2026; net income attributable to owners of the parent)
Net assets¥144,419 million (fiscal year ended March 2026; consolidated net assets)
Consideration and expenses
Type of ConsiderationShares (share exchange; share exchange ratio to be determined)
Merger ratio/share exchange ratioTo be determined. Iyogin Holdings,Inc. will become the wholly owning parent company and The Ehime Bank,Ltd. will become its wholly owned subsidiary.
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is currently expected to be minor. If an event occurs that requires a revision to the earnings forecast, the companies will disclose it promptly.
Procedures and assumptions
Valuation methodologyThe results of due diligence and the share exchange ratio valuation conducted by third-party valuation institutions
Conditions Precedent to ExecutionApproval at The Ehime Bank,Ltd.'s shareholders meeting and the acquisition of the approvals, licenses and other authorizations required from the relevant authorities for the business integration
Management structure after acquisitionIyogin Holdings,Inc. will become the wholly owning parent company and The Ehime Bank,Ltd. will become its wholly owned subsidiary. Following the integration, the companies plan to operate a two-bank structure based on a single platform and multiple brands. The name, board composition and organization of the holding company will be determined in due course, and a proposal to change its name is scheduled to be submitted to the annual shareholders meeting planned for June 2027. Human resources made available through channel optimization will be assigned to consulting, DX and new businesses, and redeployed to branches after being developed and strengthened.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | Iyogin Holdings,Inc. |
| Name of the Subject Company | The Ehime Bank,Ltd. |
| Business Description of the Subject Company | Banking |
| Location of the Subject Company | Matsuyama, Ehime Prefecture |
| Capital Stock of the Subject Company | ¥21,367 million |
| Date of Establishment of the Subject Company | 20 March 1943 |
| Net Income of the Subject Company | ¥7,212 million (fiscal year ended March 2026; net income attributable to owners of the parent) |
| Net Assets of the Subject Company | ¥144,419 million (fiscal year ended March 2026; consolidated net assets) |
| Type of Consideration | Shares (share exchange; share exchange ratio to be determined) |
| Merger ratio/share exchange ratio | To be determined. Iyogin Holdings,Inc. will become the wholly owning parent company and The Ehime Bank,Ltd. will become its wholly owned subsidiary. |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is currently expected to be minor. If an event occurs that requires a revision to the earnings forecast, the companies will disclose it promptly. |
| Date of board resolution | 24 July 2026 |
| Contract Date | 24 July 2026 (basic agreement) |
| Execution Date / Effective Date | 1 April 2027 (scheduled; effective date of the share exchange) |
| Valuation methodology | The results of due diligence and the share exchange ratio valuation conducted by third-party valuation institutions |
| Conditions Precedent to Execution | Approval at The Ehime Bank,Ltd.'s shareholders meeting and the acquisition of the approvals, licenses and other authorizations required from the relevant authorities for the business integration |
| Management structure after acquisition | Iyogin Holdings,Inc. will become the wholly owning parent company and The Ehime Bank,Ltd. will become its wholly owned subsidiary. Following the integration, the companies plan to operate a two-bank structure based on a single platform and multiple brands. The name, board composition and organization of the holding company will be determined in due course, and a proposal to change its name is scheduled to be submitted to the annual shareholders meeting planned for June 2027. Human resources made available through channel optimization will be assigned to consulting, DX and new businesses, and redeployed to branches after being developed and strengthened. |
Items this document does not state (14)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyAcquisition priceExpenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Independent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Against a backdrop of declining population and numbers of business establishments, intensifying competition in the financial industry, and the need to address business succession, decarbonization and digitalization, the companies aim to strengthen their management foundations, enhance their financial intermediation functions and build a sustainable business model. They also cite the combination of their expertise, customer bases, systems and human resources to expand services and improve management efficiency.
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