Chiba Bank (8331) and Chiba Kogyo Bank (8337) said on Sept. 30 their boards approved a share transfer plan to set up joint holding company Chiba Financial Group on April 1, 2027, with Chiba Bank President Tsutomu Yonemoto as president and Chiba Kogyo Bank President Hitoshi Umeda as deputy president.
The plan follows a business integration agreement the two banks signed on March 25, 2026. Apart from the proposed board and an overview of the two banks, its terms are unchanged from the March 25 announcement.
Yonemoto and Umeda will both serve as representative directors of the holding company. Chiba Bank managing executive officers Shinichi Ito and Taro Kanzawa will join as directors. Takahide Kiuchi, currently an outside director at Chiba Bank, will chair the board, while Akira Takai, chief analyst in the equity research department at Daiwa Securities, will chair the nomination, compensation and management advisory committee. A full-time Audit and Supervisory Committee member drawn from Chiba Bank's board will chair that committee, joined by outside directors from both banks' current boards. All outside directors will be registered as independent officers with the Tokyo Stock Exchange.
Chiba Bank holds 11,812,000 shares, or 19.12%, of Chiba Kogyo Bank excluding treasury stock, making it the largest shareholder. Its wholly owned unit Chibagin Securities holds another 22,520 shares (0.03%).
| Item (FY to March 2026, consolidated) | Chiba Bank | Chiba Kogyo Bank |
|---|---|---|
| Total assets | ¥21.2117 trillion | ¥3.3966 trillion |
| Net assets | ¥1.2573 trillion | ¥192.8 billion |
| Net profit attributable to owners of parent | ¥94.0 billion | ¥8.6 billion |
Next steps: The share transfer is subject to approval at both banks' shareholders' meetings and from regulators, among other conditions. It is scheduled to take effect on April 1, 2027, when the holding company will become the wholly owning parent of both banks.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
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