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Hyakujushi Bank Board Approves Absorption-Type Company Split

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The Hyakujushi Bank (TYO:8386) board approved an absorption-type company split agreement to transfer rights and obligations related to customer securities accounts to Nomura Securities, according to a Monday filing on the Tokyo Stock Exchange.

The absorption-type split, part of the alliance scheme, is subject to approval and is scheduled to take effect on May 6, 2027.

Under the simplified absorption-type split, Nomura Securities will act as the successor company, with no shares or other consideration to be provided, and the bank's share capital will remain unchanged.

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