Business Integration of The Daishi Bank and The Hokuetsu Bank and Establishment of a Joint Holding Company
First written in FY2019-Q3. 11 of 12 entries say "Advanced", first in FY2019. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「March 2024: 株式会社第四コンピューターサービス was liquidated.」
As part of the group reorganization, the liquidation of Daishi Computer Service Co., Ltd. was completed on 18 March 2024, reducing the number of consolidated subsidiaries to 14. - FY2023AdvancedAnnual report
「In April this year, we made Daishi Hokuetsu IT Solutions Co., Ltd., which operates a systems business, and Bridge Niigata Co., Ltd., a regional trading company, new subsidiaries. The group now comprises 15 companies, including 3 bank subsidiaries.」
The group made a systems company and a regional trading company subsidiaries on 3 April 2023, expanding the group to 15 companies. - FY2023-Q3AdvancedAnnual report
「At a meeting of our Board of Directors held on 9 December 2022, we decided to make 株式会社エヌ・シー・エス and 株式会社ブリッジにいがた consolidated subsidiaries in April 2023.」
As a further specific step in the group reorganization, the Company decided to make NCS Co., Ltd. and Bridge Niigata Co., Ltd. consolidated subsidiaries in April 2023. - FY2023-Q2AdvancedAnnual report
「In October 2022, the Company reorganized the capital structures of its consolidated subsidiaries Daishi JCB Card Co., Ltd., Daishi DC Card Co., Ltd., Hokuetsu Card Co., Ltd., and Daishi Computer Service Co., Ltd., making each a wholly owned subsidiary directly held by the Company.」
On 3, 5, and 7 October 2022, the group reorganized four companies through in-kind dividends and acquisitions of shares from non-controlling shareholders, making them wholly owned subsidiaries directly held by the Company. - FY2022-Q3AdvancedAnnual report
「On the same date, the Company acquired shares of its consolidated subsidiary Daishi Management Consulting Co., Ltd. through in-kind dividends from its wholly owned subsidiaries, Daishi Hokuetsu Bank, Ltd. and Daishi Lease Co., Ltd., making it a wholly owned subsidiary of the Company.」
Daishi Management Consulting Co., Ltd. was also made a wholly owned subsidiary as part of the group reorganization effective 1 October 2021. The group proceeded with the full ownership of this company together with Daishi Lease and Hokuetsu Economic Research Institute. - FY2022-Q2AdvancedAnnual report
「Effective 1 October 2021, the Company increased its ownership interests in its consolidated subsidiaries, Daishi Lease Co., Ltd. and Hokuetsu Economic Research Institute Co., Ltd., to 100% through in-kind dividends from the Company's wholly owned subsidiary, Daishi Hokuetsu Bank, Ltd., and acquisitions of shares from non-controlling shareholders, making both companies wholly owned subsidiaries of the Company.」
As part of the post-merger group reorganization, the Company increased its ownership interests in Daishi Lease Co., Ltd. and Hokuetsu Economic Research Institute Co., Ltd. to 100%, making them wholly owned subsidiaries effective 1 October 2021. - FY2021-Q3AdvancedAnnual report
「Following approval of the merger agreement at the extraordinary general meetings of shareholders of the Two Banks held on 25 September 2020 and receipt on 24 December 2020 of approval for the merger under Article 30, Paragraph 1 of the Banking Act, The Daishi Bank, Ltd. and The Hokuetsu Bank, Ltd. merged and changed the corporate name of the surviving company effective 1 January 2021.」
The merger of 第四銀行 and 北越銀行 was completed, including shareholder approval and regulatory approval under the Banking Act, with the merger and corporate name change taking effect on 1 January 2021. The post-integration group reorganization reached the implementation stage. - FY2021-Q2AdvancedAnnual report
「The Company's wholly owned subsidiaries, The Daishi Bank, Ltd. and The Hokuetsu Bank, Ltd., entered into a merger agreement dated 18 September 2020.」
The Daishi Bank and The Hokuetsu Bank entered into a merger agreement on 18 September 2020 and held extraordinary general meetings of shareholders approving the merger on 25 September. The merger was scheduled to take effect on 1 January 2021, bringing the group's post-integration reorganization to the formal agreement stage. - FY2020AdvancedAnnual report
「Including the negative factors such as business-integration-related expenses, the total synergy effect for the current fiscal year was positive ¥800 million, ¥2.9 billion above the initial plan of negative ¥2.0 billion. We also expect the cumulative synergy effect for fiscal 2018 through fiscal 2025 to exceed the planned positive ¥17.0 billion by a wide margin, reaching more than positive ¥20.0 billion.」
The current fiscal year’s business-integration synergies were positive ¥800 million against a plan of negative ¥2.0 billion, while the cumulative outlook for fiscal 2018 through fiscal 2025 has advanced to more than positive ¥20.0 billion. - FY2020-Q2AdvancedAnnual report
「At a meeting of the Company's Board of Directors held on 27 September 2019, the Company decided to acquire all shares of The Daishi Securities Co., Ltd., held by the Company's wholly owned subsidiary, The Daishi Bank, Ltd., through an in-kind dividend, and completed the acquisition on 1 October 2019. As a result, The Daishi Securities became a wholly owned subsidiary directly held by the Company. The Daishi Securities also changed its corporate name to Daishi Hokuetsu Securities Co., Ltd. on 1 October 2019.」
The Company acquired all shares of The Daishi Securities through an in-kind dividend, making it a wholly owned subsidiary directly held by the Company. The company name was also changed on 1 October 2019, advancing the group's reorganization. - FY2019AdvancedAnnual report
「From January 2019, we changed the remittance fees between The Daishi Bank, Ltd. and The Hokuetsu Bank, Ltd. (collectively, the "Two Banks") from the fees applicable to transfers to other banks to the fees applicable to transfers within the same bank. We also reduced foreign remittance fees between the Two Banks, thereby reducing customers' fee burden.」
Following the establishment of the joint holding company, the group made concrete progress in integrating fees, ATMs, and service delivery systems between the Two Banks. - FY2019-Q3First statedAnnual report
「The Company was established on 1 October 2018 through a joint share transfer as the wholly owning parent company of The Daishi Bank, Ltd. and The Hokuetsu Bank, Ltd.」
The Company set out its initial management policy as a financial group established through business integration on 1 October 2018 by means of a joint share transfer.