Hachijuni Bank to merge with wholly-owned subsidiary Nagano Bank

Hachijuni Bank officially confirmed an absorption-type merger with Nagano Bank, its wholly-owned subsidiary, with an effective date scheduled for January 1, 2026. This strategic move aims to quickly integrate both banks' expertise and resources to provide enhanced value to customers, residents, shareholders, and employees in the local community.

The merger will proceed without requiring approval from the general meetings of shareholders for either bank. Hachijuni Bank already owns all issued shares of Nagano Bank, so no new shares or money will be granted to Nagano Bank shareholders.

Following the merger, the surviving entity will be named Hachijuni Nagano Bank, Ltd., with its registered head office remaining at Hachijuni Bank's current location in Nagano City. The bank code will continue to be 0143.

The merger has no impact on Hachijuni Bank's earnings forecast for the fiscal year ending March 31, 2026. Projected ordinary profit for that period stands at JPY 75,000 million, with profit attributable to owners of parent at JPY 50,000 million.