TYO:7164

Zenkoku Hosho to Acquire Another 19.4% Stake in Nakanihon Sogo Shinyo

Zenkoku Hosho (TYO:7164) has agreed to acquire a 19.4% voting stake in Nakanihon Sogo Shinyo, lifting the group's total voting rights to 23%, according to a Tokyo bourse filing on Monday.The acquisition will make Nakanihon an equity-method affiliate, aligning with its strategy to grow core businesses by increasing guarantee exposure and applying its expertise to business management.Nakanihon Sogo Shinyo, established in 1975 and based in Nagoya, provides credit guarantee services, including housing and consumer loan guarantees for individual customers.The stock acquisition is scheduled for June 15, and the company expects only a minor impact on consolidated financial results with no revision to the current earnings forecast.