To whom it may concern
Company Name
Representative
August 24, 2021
Resona Holdings, Inc.
Director, President and Representative
Executive Officer Masahiro Minami
(Code 8308 1st section of Tokyo Stock Exchange)
Notice Regarding a Strategic Alliance with The Keiyo Bank, Ltd.
Resona Holdings, Inc. (President: Masahiro Minami; hereinafter "Resona HD") hereby
announces that it has signed an agreement with The Keiyo Bank, Ltd. (President: Toshiyuki Kumagai; hereinafter "Keiyo Bank") with regard to a strategic alliance (hereinafter the "Alliance") between the two companies.
1. Background and Objectives of the Alliance
Striving to realize "Retail No. 1," Resona HD is pursuing digital transformation (DX), rallying the entire Resona Group to integrate face-to-face and digital channels, restructure its business processes and otherwise align its modes of operation with the evolving needs of customers in light of changes in their day-to-day financial behavior. In order to contribute to the creation of a sustainable society, Resona HD is also flexibly seeking to form alliances free of capital relationships or system integration. By doing so, we are endeavoring to develop a co-creation platform that will allow us to establish "win-win" relationships between the Resona Group and its external partners, including those from different sectors as well as regional financial institutions.
Under these circumstances, Resona HD has signed a business alliance agreement with Keiyo Bank. Both companies possess solid operating foundations in the Tokyo metropolitan area, and the Alliance is intended to bring together their strengths in the retail business through the sharing of intelligence and know-how mainly in the digital fields. We expect that the Alliance will better position Resona HD and Keiyo Bank to meet the expectations of local customers and achieve sustainable growth.
Looking ahead, Resona HD and Keiyo Bank will deliver optimal solutions via a variety of financial services as independent financial institutions. We will strive to provide further convenience to local customers and help them improve productivity while securing greater corporate value for both companies.
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2. Details of the Alliance
Alliance Field | Initiatives | |||
Strengthening of non-face-to-face businesses via the use of banking | ||||
Digital | apps, joint engagement in digital marketing, data analysis, data-driven | |||
businesses and operational streamlining, etc. | ||||
Provision of inheritance, business succession, M&A, syndicated loan, | ||||
Solutions | business matching, real estate utilization and other solutions for | |||
corporate and individual customers | ||||
Human resource | Jointly organizing rank-based training sessions and various seminars, | |||
human resource exchange involving both companies' headquarters | ||||
development | ||||
employees, etc. | ||||
3. Overview of Our Alliance Partner | ||||
Company name | The Keiyo Bank, Ltd. | |||
Location | 11-11, Fujimi 1-chome,Chuo-ku, Chiba City, Chiba Prefecture, | |||
Japan | ||||
Name and title of | Toshiyuki Kumagai, Director and President | |||
representative | ||||
Capital stock | 49,759 million yen | |||
Establishment | March 31, 1943 |
Consolidated business performance and financial position in the most recent three fiscalyears
(Millions of yen) | ||||
Years ended March 31 | 2019 | 2020 | 2021 | |
Net assets | 294,855 | 282,306 | 298,051 | |
Total assets | 4,895,368 | 4,994,723 | 5,553,028 | |
Ordinary income | 67,465 | 68,081 | 62,957 | |
Ordinary profit | 15,670 | 8,182 | 11,987 | |
Net income attributable | 10,547 | 5,564 | 7,383 | |
to owners of parent |
- Date of the Signing of the Alliance Agreement August 24, 2021 (Tuesday)
- Outlook
Although we believe that the immediate impact of the Alliance on our consolidated operating results will be insignificant, we will promptly make an announcement if the Alliance is found to possibly exert a material impact on our business performance.
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Disclaimer
Resona Holdings Inc. published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 07:33:06 UTC.