TYO:8370

2 stories mentioning TYO:8370Updated 47d ago

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The Kiyo Bank Plans New Investment Advisory Services Unit

The Kiyo Bank (TYO:8370) said that its board agreed to establish a wholly owned investment advisory services subsidiary in August, broadening its financial services beyond traditional banking, according to a Tuesday filing on the Tokyo Stock Exchange.The Tokyo-listed bank said that the new company, The Kiyo Mirai Investment Co., will provide investment advisory services and will be established with capital of 100 million yen.The operations of the new unit are subject to regulatory conditions, and the company expects the establishment of the unit to have a limited impact on its results for the fiscal year ending March 31, 2027.

TYO:8370

Asia83d ago

Kiyo Bank to Merge Two Credit Card Units

The Kiyo Bank (TYO:8370) decided to merge its wholly owned credit card subsidiaries, Kiyo Card and Kiyo Card DC, through an absorption-type merger effective April 1, 2027, with Kiyo Card as the surviving entity.The consolidation aims to unify management resources, improve operational efficiency, and enhance service capabilities in the cashless payments sector, according to a Tokyo bourse filing on Monday.No consideration will be exchanged as both companies are fully owned by the bank, with the surviving company retaining its leadership and business structure post-merger.

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