Migration of Core Banking Systems
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025-H1.
1 other company's latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「The provision for losses on system termination represents the estimated loss related to the early termination of the systems previously in use in connection with the migration of the core banking systems carried out in May 2024.」
It was stated that the migration of the core banking systems scheduled for May 2024 had been completed, and that a provision had been recorded for losses on the early termination of the legacy systems associated with the migration. - FY2023AdvancedAnnual report
「Our bank and its consolidated subsidiaries make investments to improve customer convenience and enhance operational efficiency. Capital expenditures by segment were as follows. <Banking> Capital expenditures for the current consolidated fiscal year totaled ¥885 million, including investment in intangible fixed assets related to the migration of the core banking systems.」
Investment continued in preparation for the core banking system migration scheduled for May 2024, and capital expenditures for the banking business totaled ¥885 million in the current fiscal year. - FY2022First statedAnnual report
「In connection with the core banking system migration scheduled for May 2024, our banking group recorded the estimated loss related to the early termination of the systems currently in use.」
The plan to migrate the core banking systems in May 2024 was confirmed for the first time as an independent topic. The capital expenditure plan specified total planned investment of ¥550 million, a start date of October 2021, a scheduled completion date of May 2024, and funding from internal sources.