The combined entity will hold assets of Y11.6tn, or $74bn, targeting completion by April 2027 pending approvals.
Aichi Financial Group and San ju San Financial Group agreed to merge, forming a regional banking group with total assets exceeding $74bn. The deal, structured as an absorption-type merger, is expected to finalize on 1 April 2027, subject to shareholder and regulatory approvals.
The combined group will report deposits of Y10,009.8bn, consolidated net income of Y27.8bn, and a workforce of 5,023. It will operate 362 branches across Aichi, Mie, Tokyo, Osaka, and six other prefectures, expanding its regional footprint.
The merger aims to enhance competitiveness through economies of scale and investments in IT and digital transformation. Further details, including the merged entity’s name and management structure, will be determined before a definitive agreement is signed.