Itochu gains major shareholder status in Seven Bank

Seven Bank announced today that Itochu Corporation has obtained authorization from the Financial Services Agency to become a major bank shareholder, effective December 24, 2025. This approval is a key step in the capital and business alliance between the two companies, first disclosed on September 26, 2025.

Under the alliance, Seven Bank disposed of treasury stock to Itochu on October 14, 2025, as part of a third-party allotment. Itochu had previously stated its intention to acquire additional shares in Seven Bank through market purchases or other transactions, aiming to hold 20% of Seven Bank's voting rights. This was contingent upon securing necessary regulatory approvals, including the major bank shareholder authorization under the Banking Act, and other competition law clearances.