What was corrected and how
A subsequent correction by the company to the contents of an already published filing.
The transaction is expected to have a significant impact on consolidated results. Potential synergies include an improvement of ¥35 billion in net interest income, while ORIX Bank’s average ordinary profit and net income over the past 5 years were approximately ¥30 billion and ¥20 billion, respectively. Meanwhile, amortization of goodwill associated with the acquisition is expected to arise, although the amount has not yet been determined.
| Item | Details |
|---|---|
| Impact on Business Performance | The transaction is expected to have a significant impact on consolidated results. Potential synergies include an improvement of ¥35 billion in net interest income, while ORIX Bank’s average ordinary profit and net income over the past 5 years were approximately ¥30 billion and ¥20 billion, respectively. Meanwhile, amortization of goodwill associated with the acquisition is expected to arise, although the amount has not yet been determined. |
Items this document does not state (5)
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 strengthen the wealth management business, steadily and continuously expand stable earnings, and improve ROE and EPS. The combination of the two banks’ deposit-gathering capabilities and lending and trust services is also intended to create a virtuous cycle of deposit growth and lending growth.