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Business Alliances7350Okinawa Financial Group,Inc.Banks

Notice Regarding the Execution of a Basic Agreement on Joint Investment in 第一総業株式会社

Okinawa Bank and 株式会社りゅうせき have entered into a basic agreement with 第一総業株式会社 on a policy for the three companies to jointly invest in 第一総業株式会社, each holding a 50% stake. Going forward, 第一総業株式会社 will become an equity-method affiliate, while its insurance and real estate businesses will be made subsidiaries, and the three companies will leverage their respective business bases and expertise.

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Agreements reached under this partnership

Joint venture
7350Okinawa Financial Group,Inc.
Alliance partner株式会社りゅうせき / 第一総業株式会社
Details of the alliance
  1. 1

    当行とりゅうせきが第一総業へそれぞれ50%出資する持分法適用会社の形態を取ることで3社の戦略的連携とシナジーを創出し、地域の課題解決や持続可能な成長を実現する

  2. 2

    保険事業・不動産事業は会社分割を行い、第一総業の子会社とします

  3. 3

    OFGの営業基盤やりゅうせきグループの多様な業種に関するスキル・ノウハウを第一総業に掛け合わせることによって、あらゆるお客さまの課題解決に資するソリューション提供とサービスの高度化を図ります

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

50.00%Our ownership stake in the partner’s shares
Shareholding ratio 当行50%、りゅうせき50%
Ownership ratio当行50%、りゅうせき50%
Overview of the joint ventureName 第一総業株式会社 / Location 沖縄県那覇市古波蔵3丁目8番8号 / Business Description 保険代理店業、リース業、警備運送業 等 / Capital Contributions ¥10 million / Ownership ratio 当行50%、りゅうせき50%
About the partner
Business Description保険代理店業、リース業、警備運送業 等
LocationUrasoe, Okinawa Prefecture / Naha, Okinawa Prefecture
Share capital10億50百万円 / ¥10 million
Net Sales2,068百万円(2025年3月期)
Agreements reached under this partnership
ItemDetails
Name of alliance partner株式会社りゅうせき, 第一総業株式会社
Alliance partner's business activities保険代理店業、リース業、警備運送業 等, Not disclosed
Alliance partner's locationUrasoe, Okinawa Prefecture, Naha, Okinawa Prefecture
Alliance partner's capital10億50百万円, ¥10 million
Alliance partner's net sales2,068百万円(2025年3月期)
Type of allianceJoint venture
Details of the alliance当行とりゅうせきが第一総業へそれぞれ50%出資する持分法適用会社の形態を取ることで3社の戦略的連携とシナジーを創出し、地域の課題解決や持続可能な成長を実現する, 保険事業・不動産事業は会社分割を行い、第一総業の子会社とします, OFGの営業基盤やりゅうせきグループの多様な業種に関するスキル・ノウハウを第一総業に掛け合わせることによって、あらゆるお客さまの課題解決に資するソリューション提供とサービスの高度化を図ります
Shareholding ratioNot disclosed → 当行50%、りゅうせき50%
Overview of the joint ventureName 第一総業株式会社 / Location 沖縄県那覇市古波蔵3丁目8番8号 / Business Description 保険代理店業、リース業、警備運送業 等 / Capital Contributions ¥10 million / Ownership ratio 当行50%、りゅうせき50%
Ownership ratio当行50%、りゅうせき50%
Items this document does not state (13)
Alliance partner's operating incomeNumber of shares acquiredAcquisition priceDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionContract DateAlliance start dateShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

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The reasons the company gives

The company's own explanation, not something inferred from the numbers.

戦略的連携による事業領域の拡大、3社のシナジー創出、地域の課題解決と持続可能な成長、第一総業の成長基盤の強化および収益力向上を目的としている。

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Notice Regarding the Execution of a Basic Agreement on Joint Investment in 第一総業株式会社 | Okinawa Financial Group,Inc. (7350) timely disclosure | Komori