THE SHIMANE BANK,LTD. [7150.T]
TOKYO, Jun 26 (Pulse News Wire) – THE Shimane Bank,ltd. (7150.T) announced that its largest shareholder, SBID Holdings Co., Ltd., plans to transfer its shares to SBI Sumishin Netto Bank Co., Ltd.
Through private transactions on June 30. As a result, SBID Holdings will cease being the bank's primary controlling shareholder, while SBI Sumishin Netto Bank will take over this role. SBID Holdings currently holds ordinary shares worth 1,747,200 units and preferred A shares totaling 1,520,000 units, giving it significant voting rights. Following the transfer, SBI Sumishin Netto Bank will hold 1,747,200 ordinary shares, becoming the top shareholder with substantial influence over decision-making processes.
Prior to the transaction, SBID Holdings held approximately 28.84% of the total voting rights based on the number of outstanding shares as of March 31, 2026. Post-transfer, SBI Sumishin Netto Bank will own 17,472 voting rights, representing around 21.00%. The bank stated that despite this change, its strategic partnership with the SBI Group remains intact, aiming to deepen collaboration further with SBI Sumishin Netto Bank as part of their capital and business alliance agreement signed earlier. There will be no immediate impact on the bank’s performance due to this transition.
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