Agreements reached under this partnership
Business alliance- 1
Daiwa Securities will take over the accounts related to The Yamagata Bank's over-the-counter sales of public bonds and investment trusts. The transfer is expected to be carried out through an absorption-type company split. Details will be disclosed once finalized.
- 2
In addition to the accounts described above, Daiwa Securities will integrate and manage the accounts of its Yamagata Branch, excluding certain accounts of listed companies, financial corporations and other entities.
- 3
For the accounts after the integration described in “(1) Integration of Customers' Securities Accounts” above, Daiwa Securities will outsource to The Yamagata Bank services including financial instrument intermediary services for stocks, bonds, investment trusts and foreign exchange transactions, as well as services related to the intermediation of contracts for discretionary investment management, including fund wraps.
- 4
The Yamagata Bank will establish a new organization within the bank to conduct financial instrument intermediary and related services. It will closely coordinate this new organization with the bank's existing organizations and establish a framework to effectively perform the services outsourced by Daiwa Securities described above. The bank will provide customers with proposals concerning asset formation and asset management, solicit and sell financial instruments and other products, provide after-sales support, and conduct internal management and related activities.
- 5
Daiwa Securities will second employees and others to The Yamagata Bank. These employees will work alongside The Yamagata Bank's employees on services related to the outsourced services described in “(2) Outsourcing of Financial Instrument Intermediary and Related Services from Daiwa Securities to The Yamagata Bank” above.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
At present, we believe that this alliance will have a minor impact on the consolidated results of The Yamagata Bank and Daiwa Securities Group Inc. If it becomes clear that the alliance will have a material impact, we will disclose this promptly.
| Item | Details |
|---|---|
| Name of alliance partner | 株式会社大和証券株式会社, Daiwa Securities Group Inc. |
| Alliance partner's business activities | Financial instrument business, including the purchase and sale of securities and other instruments, intermediation, brokerage or agency for the purchase and sale of securities and other instruments, and underwriting of securities, together with related businesses |
| Alliance partner's location | Chiyoda-ku, Tokyo |
| Alliance partner's capital | ¥100 billion |
| Alliance partner's net sales | Operating revenue: ¥547,621 million (fiscal year ended March 2026) |
| Type of alliance | Business alliance |
| Details of the alliance | Daiwa Securities will take over the accounts related to The Yamagata Bank's over-the-counter sales of public bonds and investment trusts. The transfer is expected to be carried out through an absorption-type company split. Details will be disclosed once finalized., In addition to the accounts described above, Daiwa Securities will integrate and manage the accounts of its Yamagata Branch, excluding certain accounts of listed companies, financial corporations and other entities., For the accounts after the integration described in “(1) Integration of Customers' Securities Accounts” above, Daiwa Securities will outsource to The Yamagata Bank services including financial instrument intermediary services for stocks, bonds, investment trusts and foreign exchange transactions, as well as services related to the intermediation of contracts for discretionary investment management, including fund wraps., The Yamagata Bank will establish a new organization within the bank to conduct financial instrument intermediary and related services. It will closely coordinate this new organization with the bank's existing organizations and establish a framework to effectively perform the services outsourced by Daiwa Securities described above. The bank will provide customers with proposals concerning asset formation and asset management, solicit and sell financial instruments and other products, provide after-sales support, and conduct internal management and related activities., Daiwa Securities will second employees and others to The Yamagata Bank. These employees will work alongside The Yamagata Bank's employees on services related to the outsourced services described in “(2) Outsourcing of Financial Instrument Intermediary and Related Services from Daiwa Securities to The Yamagata Bank” above. |
| Dispatch of directors and officers | No dispatch of directors or audit & supervisory board members is specified. 大和証券 plans to second employees and otherwise assign personnel to 山形銀行. |
| Shareholding Policy | 大和証券 holds shares in 山形銀行 for purposes including temporary holdings related to its securities business. Other holding policies, lock-up arrangements and transfer restrictions are not disclosed. |
| Date of board resolution | 1 October 2026 |
| Contract Date | 1 October 2026 |
| Alliance start date | During 2028 (the new framework under this alliance is scheduled to commence) |
| Impact on Business Performance | At present, we believe that this alliance will have a minor impact on the consolidated results of The Yamagata Bank and Daiwa Securities Group Inc. If it becomes clear that the alliance will have a material impact, we will disclose this promptly. |
Items this document does not state (10)
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 enhance the value of the financial products, services and consulting provided to customers by combining 大和証券’s knowledge, experience and platform in the securities business with 山形銀行’s deep understanding of local customers and its consultation capabilities.