This transaction
Acquisition of Shares in 三井住友トラスト・パナソニックファイナンス and Conversion into an Equity-Method AffiliateThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Comprehensive leasing, installment sales and credit card businesses; comprehensive finance business (wholesale, vendor leasing, specialty-store credit and retail finance businesses)
No material impact on the Company's results for the current fiscal year is expected from this transaction.
| Item | Details |
|---|---|
| Transaction name | Acquisition of Shares in 三井住友トラスト・パナソニックファイナンス and Conversion into an Equity-Method Affiliate |
| Name of the Subject Company | 三井住友トラスト・パナソニックファイナンス株式会社 |
| Business Description of the Subject Company | Comprehensive leasing, installment sales and credit card businesses; comprehensive finance business (wholesale, vendor leasing, specialty-store credit and retail finance businesses) |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥25,584 million |
| Date of Establishment of the Subject Company | 27 February 1967 |
| Net Sales of the Subject Company | ¥472.3 billion (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥9.9 billion (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥197.2 billion (consolidated net assets as of the end of March 2025) |
| Acquisition price | The acquisition consideration will be determined following further discussions. |
| Voting rights ownership percentage | After 15% (expected; the percentage represented by the shares held relative to SMTPFC's issued shares, excluding treasury shares) (before not disclosed) |
| Impact on Business Performance | No material impact on the Company's results for the current fiscal year is expected from this transaction. |
| Contract Date | 30 March 2026 (basic agreement). The share transfer agreement and shareholders' agreement are scheduled for July 2026. |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Management structure after acquisition | 横浜フィナンシャルグループ is expected to appoint 1 director. SMTPFC's corporate name is scheduled to be changed following further discussions. Employee treatment: Not disclosed |
Items this document does not state (17)
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.To strengthen its leasing business by incorporating SMTPFC's broad range of financing methods and expertise in the leasing sector, thereby enhancing 浜銀ファイナンス's product capabilities and credit assessment framework. In addition, the transaction is intended to enhance the Group's comprehensive financial capabilities and capture returns through its share of profit or loss from the equity-method affiliate and SMTPFC's business expansion.