Agreement signedPublished 26 Mar 2026

Daishi Hokuetsu Financial Group /
Gunma Bank

Daishi Hokuetsu and Gunma Bank agree to combine

Buy side: Daishi Hokuetsu Financial Group
Buy sideDaishi Hokuetsu Financial Group
Target: Gunma Bank
TargetGunma Bank
Daishi Hokuetsu Financial Group, Inc. · 26 Mar 2026Source
Buy side: Daishi Hokuetsu Financial Group
Buy sideDaishi Hokuetsu Financial Group
Target: Gunma Bank
TargetGunma Bank
01 / BuyerDaishi Hokuetsu Financial Group
02 / TargetGunma Bank
Source for the buyer and target: Daishi Hokuetsu Financial Group, Inc.

For the buyer and target.

“If the Business Integration is executed, the shareholders of Gunma Bank that receive an allotment of common shares of Daishi Hokuetsu Financial Group constituting less than one unit (100 shares) (“Shares Less Than One Unit”) through the Share Exchange will not be able to sell those Shares Less Than One Unit on the Tokyo Stock Exchange, Inc. (the “Tokyo Stock Exchange”) or any other financial instruments exchange.”

Published 26 Mar 2026

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01

What happened

Daishi Hokuetsu Financial Group and The Gunma Bank have agreed to a business integration through a share exchange, under which Gunma Bank would become a wholly owned subsidiary of an integrated holding company. Terms weren't disclosed. [01]

The transaction remains subject to shareholder approvals and regulatory approvals, including an F-4 registration statement with the SEC. Gunma Bank's shares are scheduled to be delisted from the Tokyo Stock Exchange on March 30, 2027. [01]

02

The source

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01
Source · Daishi Hokuetsu Financial Group, Inc.

Daishi Hokuetsu and Gunma Bank agree to combine

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by Daishi Hokuetsu Financial Group, Inc.

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  2. Also stated

    “Gunma Bank's shares are scheduled to be delisted from the Tokyo Stock Exchange on March 30, 2027”

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