Seven Bank completes share buyback, parent company to change

Seven Bank (TSE: 8410) announced the completion of its share repurchase program via off-auction own share repurchase trading (ToSTNeT-3) today. The company acquired 193,987,300 of its own shares at a total cost of JPY50,824,672,600. This buyback concludes the program approved by the board on June 19, 2025. As a result of this transaction, Seven Bank anticipates a change in its parent company, scheduled for June 24, 2025. The decision to repurchase shares followed a proposal from its current parent, Seven & I Holdings, to reduce its stake in Seven Bank below 40%. Seven & I Holdings seeks to improve Seven Bank's corporate value, independence, and neutrality. The buyback allows Seven Bank to pursue a more flexible capital policy and improve capital efficiency.