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Other Disclosures7350Okinawa Financial Group,Inc.Banks

Notice Concerning the Conversion of 第一総業株式会社 into an Equity-Method Affiliate

株式会社沖縄銀行 and 株式会社りゅうせき each acquired a 50% interest in 第一総業株式会社, making 第一総業 an equity-method affiliate. In addition, 第一保険サービス株式会社 was established as a wholly owned subsidiary of 第一総業, and the insurance agency business was transferred to it.

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
50
Ownership interest (50% each)
Wording
Definitive
How definitive the wording is.

Announced details

Insurance agency business; joint solicitation agency for life insurance
Applicable field (uses covered by this announcement)

Insurance agency business, life insurance, leasing, security and transportation, and other businesses; real estate

Launch date10 June 2026 (actual date of change to the joint solicitation agency for life insurance)
Contract Date27 February 2026 (date of announcement of the basic agreement on the joint investment)
Relationship between the counterparty and the company
Okinawa Financial Group,Inc.7350
Relationship with the Company

株式会社沖縄銀行 is a consolidated subsidiary of OFG. 株式会社沖縄銀行 and 株式会社りゅうせき each hold a 50% interest in 第一総業. 第一保険サービス is a wholly owned subsidiary of 第一総業.

Counterparty第一総業株式会社, 株式会社沖縄銀行, 株式会社りゅうせき

第一総業株式会社: 3-8-8 Kohagura, Naha, Okinawa; established 13 July 1972; capital of ¥246.9 million; leasing, security and transportation, and other businesses; 141 employees. 株式会社沖縄銀行: 3-10-1 Kumoji, Naha, Okinawa; established 21 June 1956; capital of ¥22.725 billion. 株式会社りゅうせき: 2-2-3 Irijima, Urasoe, Okinawa; established 14 May 1953; capital of ¥1.05 billion. 第一保険サービス株式会社: 3-8-8 Kohagura, Naha, Okinawa; established 26 February 2026; capital of ¥20 million; insurance agency and real estate businesses.

Location (as indicated in this announcement)

3-8-8 Kohagura, Naha, Okinawa (第一総業 and 第一保険サービス)

141 employees (第一総業)

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredInsurance agency business; joint solicitation agency for life insurance
Counterparty第一総業株式会社, 株式会社沖縄銀行, 株式会社りゅうせき
Counterparty overview第一総業株式会社: 3-8-8 Kohagura, Naha, Okinawa; established 13 July 1972; capital of ¥246.9 million; leasing, security and transportation, and other businesses; 141 employees. 株式会社沖縄銀行: 3-10-1 Kumoji, Naha, Okinawa; established 21 June 1956; capital of ¥22.725 billion. 株式会社りゅうせき: 2-2-3 Irijima, Urasoe, Okinawa; established 14 May 1953; capital of ¥1.05 billion. 第一保険サービス株式会社: 3-8-8 Kohagura, Naha, Okinawa; established 26 February 2026; capital of ¥20 million; insurance agency and real estate businesses.
Relationship with the Company株式会社沖縄銀行 is a consolidated subsidiary of OFG. 株式会社沖縄銀行 and 株式会社りゅうせき each hold a 50% interest in 第一総業. 第一保険サービス is a wholly owned subsidiary of 第一総業.
Contract Date27 February 2026 (date of announcement of the basic agreement on the joint investment)
Launch date10 June 2026 (actual date of change to the joint solicitation agency for life insurance)
Applicable areaInsurance agency business, life insurance, leasing, security and transportation, and other businesses; real estate
Location3-8-8 Kohagura, Naha, Okinawa (第一総業 and 第一保険サービス)
Location scale141 employees (第一総業)
Items this document does not state (9)
Contract ValueOffering priceAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historyImpact on Business PerformanceSource

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.

The aim is to integrate the initiatives of OFG and the りゅうせき Group into 第一総業's business, strengthen its growth platform and improve its earnings power. The companies also aim to drive sustainable growth across Okinawa Prefecture through strategic collaboration among the 3 companies.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Conversion of 第一総業株式会社 into an Equity-Method Affiliate | Okinawa Financial Group,Inc. (7350) timely disclosure | Komori