Kyushu Financial Group subsidiary to acquire Pastem Solutions

Kyushu Financial Group (TSE: 7180) announced today that its subsidiary, The Kagoshima Bank, Ltd., has resolved to acquire all shares of Pastem Solutions, Ltd., subject to regulatory approval. This acquisition will make Pastem Solutions a consolidated subsidiary and is part of Kagoshima Bank's strategy to enhance its digital capabilities. Kagoshima Bank aims to become a leading corporate group in regional digitalization, addressing issues such as population decline and industrial hollowing. Pastem Solutions, with a share capital of JPY50 million, specializes in ICT solutions. The acquisition is expected to have a minor impact on Kyushu Financial Group's consolidated financial results.