Hyakujushi Bank and Nomura finalize business alliance for financial services

Hyakujushi Bank and Nomura Securities Co. Ltd., a subsidiary of Nomura Holdings Inc., have finalized a comprehensive business alliance to provide financial instruments intermediary services, initially announced on March 17, 2025. This alliance involves Nomura Securities succeeding a portion of Hyakujushi Bank's customer accounts related to its registered financial institution business through an absorption-type company split. Hyakujushi Bank will then acquire new customers in Kagawa Prefecture and offer intermediary services for these accounts, with Nomura Securities managing the accounts.

The new Asset Consulting Division of Hyakujushi Bank, formed by integrating the bank’s asset management section and Nomura Securities’ Takamatsu Branch retail functions, will drive services post-alliance. This division aims to establish Asset Consulting Plazas in Takamatsu and Marugame, aspiring to increase assets under custody in financial instruments intermediary services to JPY1 trillion. The alliance seeks to offer sophisticated face-to-face and digital consulting services, contributing to the "financial wellness of local customers."

The transition for Nomura Securities Takamatsu Branch Office customer accounts is scheduled for around December 2026, while Hyakujushi Bank customer stock-trading accounts are expected to transition around May 2027. The financial impact of this alliance on the consolidated results of both Hyakujushi Bank and Nomura Holdings remains uncertain and will be disclosed upon clarification.