Daishi Hokuetsu Financial Group, Inc. [7327.T]
TOKYO, May 15 (Pulse News Wire) – Daishi Hokuetsu Financial Group,inc. (7327.T) announced today that its board of directors has revised the policy shareholding reduction targets aimed at enhancing capital efficiency and strengthening financial health.
Under the new plan, the group will reduce its policy shareholdings held by Fourth Hokuriku Bank from fiscal 2020 through March 2027 to ¥20.00 billion (book value). Additionally, the ratio of policy holdings (market value) to consolidated net assets will be reduced to less than 20% by 2030, with an interim goal of achieving less than 10% earlier.
This adjustment follows the company's commitment to adhere to the Corporate Governance Code principles and annually review the significance of individual stock holdings. The changes aim to further improve capital efficiency and financial robustness.
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