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Seven Bank (8410) · InitiativeAchieved

Addition of insurance services through the acquisition of Viva Vida Medical Life

First written in FY2023-Q3. 1 of 1 entries say "Achieved", first in FY2023-Q3. Latest entry: FY2023-Q3.

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Expansion of Insurance Services for Foreign Residents Through the Acquisition of ビバビーダメディカルライフA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2023-Q3AchievedAnnual report

    「On 22 July 2022, the company reached an agreement with the shareholders of ビバビーダメディカルライフ (VML) to acquire shares in VML and entered into a share transfer agreement. Based on the agreement, the company acquired the shares on 2 November 2022 and made VML a subsidiary.」

    The company acquired a 97.78% stake in ビバビーダメディカルライフ, which operates a small-amount, short-term insurance business, on 2 November 2022 and made it a consolidated subsidiary. The acquisition cost was ¥496 million and goodwill was ¥450 million, completing the initiative to add insurance products to its range of financial services for foreign residents.
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Addition of insurance services through the acquisition of Viva Vida Medical Life | Seven Bank,Ltd. (8410) | Komori