Strengthening Group Management by Making Two Credit Card Subsidiaries Wholly Owned
First written in FY2019-Q1. 2 of 5 entries say "Advanced", first in FY2026. Latest entry: 2026-06-22.
3 other companies' latest entry also says "Advanced".
- 2026-06-22AdvancedM&A and Subsidiary Changes
「At a meeting of the bank’s board of directors held today, the bank resolved to merge its wholly owned subsidiaries Kiyo Card Co., Ltd. and Kiyo Card DC Co., Ltd., and entered into a merger agreement between the two companies on the same date. We hereby announce these matters.」
For the two credit card subsidiaries made wholly owned subsidiaries, the board resolution on the merger, execution of the merger agreement and planned effective date of 1 April 2027 were specified. - FY2026AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 June 2026, the bank resolved to merge its 100%-owned subsidiaries 株式会社紀陽カード and 株式会社紀陽カードディーシー as described below, and the two companies entered into a merger agreement on the same date.」
A merger of the 2 credit card subsidiaries following their conversion into wholly owned subsidiaries was approved to consolidate management resources, improve management efficiency and enhance service delivery capabilities. - FY2019Cited as achievedAnnual report
「Effective 1 October 2018, the bank conducted a share exchange under which the bank became the wholly owning parent company and 株式会社紀陽カード and 株式会社紀陽カードＤＣ became wholly owned subsidiaries.」
The previous initiative to convert 2 credit card subsidiaries into wholly owned subsidiaries has been reiterated. - FY2019-Q2AchievedAnnual report
「Effective 1 October 2018, the bank conducted a share exchange under which the bank became the wholly owning parent company and 株式会社紀陽カード and 株式会社紀陽カードＤＣ became wholly owned subsidiaries.」
The conversion of 2 credit card subsidiaries into wholly owned subsidiaries, resolved and agreed in August 2018, was completed effective 1 October 2018. - FY2019-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 6 August 2018, the bank resolved to conduct a share exchange, effective 1 October 2018, under which the bank would become the wholly owning parent company and its consolidated subsidiaries 株式会社紀陽カード, hereinafter “紀陽カード,” and 株式会社紀陽カードＤＣ, hereinafter “紀陽カードＤＣ,” would become wholly owned subsidiaries. The bank entered into share exchange agreements with each company. For each common share of 紀陽カード, 325.9 common shares of the bank will be allotted and delivered. However, no shares will be allotted in the share exchange for the 60 common shares of 紀陽カード held by the bank. For each common share of 紀陽カードＤＣ, 60.5 common shares of the bank will be allotted and delivered. However, no shares will be allotted in the share exchange for the 5,360 common shares of 紀陽カードＤＣ held by the bank.」
A plan was announced on 6 August 2018 to resolve and execute agreements for a share exchange, effective 1 October 2018, to convert 2 credit card subsidiaries into wholly owned subsidiaries. The transaction was intended to strengthen group management and enhance comprehensive financial services.