Hirata Corp Transfers Trinity Shares to Higo Bank Post Board Approval

TOKYO, May 26 (Pulse News Wire) – HIRATA Corporation (6258.T) announced today that its board of directors had approved the sale of all shares held in subsidiary Trinity Co., Ltd. to Higo Bank as of May 26, 2026.

The transaction was finalized based on Higo Bank’s anticipated approval from regulatory authorities to operate Trinity as a bank-affiliated entity aimed at enhancing banking services. Trinity, headquartered at Tokyo, Chiyoda Ku Fujimi 2-10-2, operates point management systems and customer management systems among other businesses. As of May 26, 2026, Trinity's capital stood at ¥380 million, established on March 01, 1986.

Key details of the deal include: - Number of transferred shares: 10,000 - Pre-transfer shareholding: 10,000 shares (equating to 100% voting rights) - Post-transfer shareholding: 0 shares - Transfer price: Not disclosed due to confidentiality obligations but determined through external expert evaluation to ensure fairness and appropriateness. Higo Bank, located at Kumamoto, Kumamoto Shi Chuuou Ku Renpei Chou 1, has a capital of ¥18.10 billion as of May 26, 2026, and holds a net asset value of ¥373.7 billion and total assets worth ¥7.23 trillion yen. Following the completion of regulatory approvals, the transfer is expected to take place sometime after September 2026.

The divestiture is projected to have a minor impact on HIRATA's consolidated performance for the fiscal year ending March 2027.