Worth reading
32Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
100
¥ million (capital)Wording
Conditional
How definitive the wording is.This transaction
Establishment of a wholly owned investment advisory subsidiary by the BankDisclosing companyThe Kiyo Bank,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Investment advisory business
Location Wakayama City, Wakayama PrefectureShare capital ¥100 millionDate of incorporation August 2026 (scheduled)
Impact on Business Performance
The impact of this matter on the Bank's consolidated financial results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionOperations will commence after completion of the required registrations, filings and other procedures with the relevant authorities.
Management structure after acquisitionRepresentative Director: Harada Takuo (原田 卓生). The Kiyo Bank,Ltd. will hold a 100% equity interest.
| Item | Details |
|---|---|
| Transaction name | Establishment of a wholly owned investment advisory subsidiary by the Bank |
| Name of the Subject Company | 紀陽みらい投資株式会社 |
| Business Description of the Subject Company | Investment advisory business |
| Location of the Subject Company | Wakayama City, Wakayama Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | August 2026 (scheduled) |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Impact on Business Performance | The impact of this matter on the Bank's consolidated financial results will be immaterial. |
| Date of board resolution | 27 July 2026 |
| Execution Date / Effective Date | August 2026 (予定) (scheduled establishment date). The commencement date of operations will be after completion of the required registrations, filings and other procedures with the relevant authorities. |
| Conditions Precedent to Execution | Operations will commence after completion of the required registrations, filings and other procedures with the relevant authorities. |
| Management structure after acquisition | Representative Director: Harada Takuo (原田 卓生). The Kiyo Bank,Ltd. will hold a 100% equity interest. |
Items this document does not state (20)
Counterparty nameNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
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.As part of expanding its business beyond the scope of banking and creating medium- to long-term earnings drivers, the subsidiary will support customers in building assets over the medium to long term, help improve financial literacy and contribute to the sound development of the financial markets.
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