Hyakujushi Bank, Nomura Securities form brokerage alliance, bank also buys back shares

Hyakujushi Bank and Nomura Securities have finalized a comprehensive business alliance for financial product brokerage services. This alliance involves Nomura Securities acquiring specific customer accounts from Hyakujushi Bank, then entrusting Hyakujushi Bank with financial product brokerage, especially for new customers in Kagawa Prefecture. Hyakujushi Bank will also integrate retail functions into a new "Asset Consulting Division."

The new structure aims to expand Hyakujushi Bank's assets under custody to JPY 1 trillion. The acquisition of customer accounts from Nomura Securities' Takamatsu Branch Office is slated for December 2026, followed by Hyakujushi Bank's securities customer accounts in May 2027. Customer explanations regarding procedures are expected to begin in June 2026.

Concurrently, Hyakujushi Bank announced a treasury share repurchase through ToSTNeT-3. On December 10, 2025, the bank will acquire up to 174,300 common shares, representing 0.61% of outstanding shares (excluding treasury shares), for a maximum total acquisition cost of JPY 1,099,833,000. This is part of a larger board resolution authorizing the repurchase of up to 250,000 shares for a maximum of JPY 1.1 bn between November 2025 and March 2026.