Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
0
¥Wording
Conditional
How definitive the wording is.This transaction
This company splitCounterparty (target company)Nomura Securities Co., Ltd.
Disclosing companyThe Hyakujushi Bank,Ltd.
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
Securities business
Location Chuo-ku, TokyoShare capital ¥10 billionDate of incorporation 7 May 2001
Net Sales¥981,355 million (fiscal year ended March 2026)
Operating profit¥242,533 million (fiscal year ended March 2026)
Net income for the current fiscal year¥162,409 million (fiscal year ended March 2026)
Net assets¥687,272 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition price¥0
Type of ConsiderationNo cash or shares will be delivered (consideration for the company split: ¥0)
Impact on Business Performance
The impact of this company split on the Bank’s results will be immaterial, with no material impact expected.
Procedures and assumptions
Conditions Precedent to ExecutionRegulatory approvals and permits
Management structure after acquisitionNomura Securities will handle the overall administration of customer accounts and back-office support relating to sales, while The Hyakujushi Bank, Ltd. will handle solicitation, sales and after-sales support. There will be no changes to The Hyakujushi Bank, Ltd.’s name, location, title and name of its representative, business activities, capital or fiscal year-end.
| Item | Details |
|---|---|
| Transaction name | This company split |
| Counterparty name | Nomura Securities Co., Ltd. |
| Name of the Subject Company | Nomura Securities Co., Ltd. |
| Business Description of the Subject Company | Securities business |
| Location of the Subject Company | Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | ¥10 billion |
| Date of Establishment of the Subject Company | 7 May 2001 |
| Net Sales of the Subject Company | ¥981,355 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥242,533 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥162,409 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥687,272 million (fiscal year ended March 2026) |
| Acquisition price | ¥0 |
| Type of Consideration | No cash or shares will be delivered (consideration for the company split: ¥0) |
| Impact on Business Performance | The impact of this company split on the Bank’s results will be immaterial, with no material impact expected. |
| Date of board resolution | 15 June 2026 |
| Contract Date | 15 June 2026 |
| Execution Date / Effective Date | 6 May 2027 (予定) |
| Conditions Precedent to Execution | Regulatory approvals and permits |
| Management structure after acquisition | Nomura Securities will handle the overall administration of customer accounts and back-office support relating to sales, while The Hyakujushi Bank, Ltd. will handle solicitation, sales and after-sales support. There will be no changes to The Hyakujushi Bank, Ltd.’s name, location, title and name of its representative, business activities, capital or fiscal year-end. |
Items this document does not state (13)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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.To establish an efficient and rational operating structure and enhance and improve services for customers by allocating responsibility so that Nomura Securities handles account administration and back-office support for sales activities, while The Hyakujushi Bank, Ltd. handles solicitation, sales and after-sales support.
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