Contribution to Fukushima’s transition from reconstruction to growth

「With 15 years having passed since the Great East Japan Earthquake and recovery entering a new phase, we continue to regard Fukushima’s creative reconstruction, starting in the Soso region, as a major challenge. Led by the Soso New Industry Promotion Office within the Corporate Consulting Department, we are actively matching companies and municipalities in and outside Fukushima with parties in the Soso region, and supporting business launches, startups and companies expanding into the region to help create new industries.」

「We defined efforts to address the five materialities in our Sustainability Declaration as our mission, and established Values as the principles and values shared by officers and employees to realize our vision, “Becoming a company that contributes to society — beyond the boundaries of financial services.”」

「From the cumulative second quarter of the current fiscal year, the newly established Toho Consulting Partners Co., Ltd. has been included as a consolidated subsidiary of the Company.」

「As businesses operating in Fukushima Prefecture, the Group’s principal operating base, face cases in which they are forced to close or suspend operations because of changes in the external environment, succession issues and other factors, Toho Consulting Partners regards the smooth succession of management assets and sustainable business growth as important themes. It provides consulting services as a trusted partner to customers, focusing primarily on business succession and M&A support.」

「To support regions and customers facing numerous challenges amid the contraction of the regional economy and the COVID-19 pandemic, we will make maximum use of the management resources available to us and realize a brighter future by working to resolve customers’ management issues and help them build prosperous lives, in return for the support we have received.」

「Based on this assessment of the environment, under the final year of the medium-term management plan “Toho ‘Healthy Bank, Sound Bank’ Plan,” we will pursue business-model transformation in response to changes in the environment, while thoroughly supporting the recovery of customers and business partners and ensuring the smooth provision of funds. We will work to realize our long-term vision: “Enriching our communities, contributing to our customers’ prosperity, and growing through our own development — becoming bigger, stronger and more resilient.”」

「Even eight years after the Great East Japan Earthquake and the nuclear accident, Fukushima Prefecture, our main operating base, still has residents who have been unable to return to their hometowns.」

「“Making an active contribution to the full participation and success of our hometown”」

「Based on this assessment of the environment, under the philosophy embodied in our corporate message “Everything for the region,” the Bank will make every effort to contribute to the growth of Fukushima Prefecture.」

「Fukushima Prefecture, our main operating base, continued to see high levels of residential and public investment as efforts to restore and rebuild the economy following the Great East Japan Earthquake continued. Personal consumption was also recovering against a backdrop of favorable employment and income conditions, and the economy remained on a gradual recovery path. Against this backdrop, under our corporate message “Everything for the region,” the entire Group worked to provide comprehensive financial services that contribute to the development of the regional economy.」

「Fukushima Prefecture, our main operating base, continued to see high levels of residential and public investment as efforts to restore and rebuild the economy following the Great East Japan Earthquake continued. Personal consumption also began to recover against a backdrop of favorable employment and income conditions, and the economy remained on a gradual recovery path. Against this backdrop, under our corporate message “Everything for the region,” the entire Group worked to provide comprehensive financial services that contribute to the development of the regional economy.」

「To support recovery from the Great East Japan Earthquake, we pursued initiatives that contributed to the smooth provision of funds and industrial revitalization, and actively participated in recovery-support projects.」