Chiba Bank and Chiba Kogyo Bank announce management consolidation

The Chiba Bank, Ltd. and The Chiba Kogyo Bank, Ltd. have signed a memorandum of understanding to proceed with a management consolidation, establishing a holding company around April 1, 2027. This strategic move seeks to enhance regional financial capabilities, integrate management resources, and foster regional revitalization, resulting in a stronger regional economy and living environment. The newly formed holding company will apply for a technical listing on the Tokyo Stock Exchange's Prime Market, while the shares of Chiba Bank and Chiba Kogyo Bank will be delisted.

The consolidation creates a new financial group with combined assets of JPY 24,878.1 bn, deposits of JPY 19,148.3 bn, and 5,593 employees. The Chiba Bank also announced an acquisition of its own shares, with a maximum of 12m shares (1.69% of issued shares) or up to JPY 15.0 bn, from October 1, 2025, to December 23, 2025, to improve capital efficiency and enhance shareholder returns.

This consolidation will be achieved through a joint share transfer, with the share transfer ratio to be determined following due diligence and third-party appraisals. A preparatory committee will be established promptly to facilitate discussions. The impact on the consolidated business results for the fiscal year ending March 2026 is expected to be minimal.