Decision and Details
Board of Directors of The Hyakujushi Bank, Ltd.An absorption-type company split involving the rights and obligations relating to customers' securities accounts held in connection with the registered financial institution business
To establish a division of roles under the business alliance, with The Hyakujushi Bank, Ltd. responsible for customer management and related functions, and Nomura Securities Co., Ltd. responsible for account management and related functions. This company split forms part of the structure of a comprehensive business alliance, and it has been determined that there is no business transfer value because the relationships with customers and the allocation of revenue will effectively continue.
The Hyakujushi Bank, Ltd. is expected to benefit from reduced operating costs. The performance of the parties' obligations is not expected to be impeded.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split involving the rights and obligations relating to customers' securities accounts held in connection with the registered financial institution business |
| Decision-Making Body | Board of Directors of The Hyakujushi Bank, Ltd. |
| Decision Date | 15 June 2026 |
| Implementation Date | 6 May 2027 (scheduled; effective date) |
| Amount | Consideration for the company split: ¥0; assets to be transferred: ¥0; liabilities to be transferred: ¥0 |
| Impact on Business Performance | The Hyakujushi Bank, Ltd. is expected to benefit from reduced operating costs. The performance of the parties' obligations is not expected to be impeded. |
| Reason | To establish a division of roles under the business alliance, with The Hyakujushi Bank, Ltd. responsible for customer management and related functions, and Nomura Securities Co., Ltd. responsible for account management and related functions. This company split forms part of the structure of a comprehensive business alliance, and it has been determined that there is no business transfer value because the relationships with customers and the allocation of revenue will effectively continue. |
| Governing Rule | Companies Act, Article 782, paragraph 1; Regulation for Enforcement of the Companies Act, Article 183; Companies Act, Article 784, paragraph 2; Companies Act, Article 796, paragraph 2 |
| Related previous disclosures | The definitive agreement concerning a comprehensive business alliance in financial instruments intermediary services dated 9 December 2025 |
| Future plans | The absorption-type company split is scheduled to take effect on 6 May 2027. Any changes to the matters disclosed after the start of this prior disclosure will be disclosed immediately. |
Items this document does not state (2)
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.This company split forms part of a comprehensive business alliance between The Hyakujushi Bank, Ltd. and Nomura Securities Co., Ltd. and is intended to establish a division of roles between the two companies, with The Hyakujushi Bank, Ltd. responsible for customer management and related functions, and Nomura Securities Co., Ltd. responsible for account management and related functions. The Hyakujushi Bank, Ltd. explains that the arrangement is expected to reduce operating costs and that the relationships with customers and the allocation of revenue will effectively continue, meaning that there is no business transfer value.