Seven Bank forms capital and business alliance with Itochu

Seven Bank, on September 26, 2025, approved a capital and business alliance with Itochu Corporation. This agreement includes a third-party allotment of 191.7 million shares of Seven Bank's treasury stock to Itochu at JPY 268 per share, totaling JPY 51.38 bn. This disposition is conditional on the effectiveness of a Securities Registration Statement. The net funds raised, JPY 51.37 bn, are earmarked for growth investments, primarily ATM installations, from April 2026 to June 2027.

Following this treasury stock disposition, Itochu’s ownership will constitute 16.34% of Seven Bank's total issued shares, making Itochu the second-largest shareholder. Itochu also intends to acquire additional shares through market purchases to reach a 20% voting rights stake, which would classify Seven Bank as an equity-method affiliate of Itochu.

The business alliance aims to maximize both companies' resources and expertise, focusing on new financial services. Key initiatives include installing Seven Bank ATMs in FamilyMart stores, operated by an Itochu subsidiary, and exploring collaborations in credit card, payment, and other financial businesses. A special committee deemed the alliance and stock disposition necessary, suitable, and not detrimental to existing shareholders.