The Yamagata Bank, Ltd. [8344.T]
TOKYO, Mar 30 (Pulse News Wire) – The Yamagata Bank,ltd. (8344.T) announced today that its subsidiary, Yamagin Capital Co., Ltd., resolved to dissolve during a special shareholders' meeting held.
Yamagin Capital was established on April 3, 1996, and operates primarily in securities acquisition, holding, and sale. As of the fiscal year ending March 2025, the company had capital of ¥100 million, net assets of ¥258 million, revenue of ¥24 million, and net profit of ¥12 million. The bank holds a majority stake of 5%, while Yamagin Guarantee Co., Ltd. owns 10%.
Eight other shareholders collectively hold 70%. The dissolution is aimed at streamlining operations within the Yamagata Group. The process is scheduled to conclude by June 2026. According to the bank, the impact on its consolidated and standalone earnings forecasts for the current period is expected to be minor.
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