To enter into a capital and business alliance with "Jimoto HD" SBI under the umbrella of Sendai Bank, etc. November 19, 16:10

As the management of regional banks becomes more difficult, Jimoto Holdings, which has sales bases in Miyagi and Yamagata prefectures, has decided to enter into a capital and business alliance with an investment from SBI Holdings, a major online finance company. I did.

The aim is to support local companies from a financial perspective by strengthening the financial base and jointly establishing a fund.

According to the people concerned, "Jimoto Holdings", which owns "Sendai Bank" in Sendai City and "Kirayaka Bank" in Yamagata City, has implemented a third-party allotment of capital with "SBI" as the underwriter and capitalized. We have decided to form a business alliance.



It means that SBI is making final adjustments to acquire more than 10% of the shares of Jimoto Holdings.



In addition to ultra-low interest rates, the business environment is becoming more difficult due to the impact of the new coronavirus, and Jimoto Holdings revised its earnings forecast downward last week, and the final profit of this year's interim results is 10 minutes of the previous forecast. He said that it is expected to stay at 60 million yen.



This time, we would like to strengthen our financial support by receiving investment from SBI, such as strengthening our financial base and jointly establishing a fund.

On the other hand, SBI has a "Regional Bank Union Concept" to promote alliances with regional banks, and if Sendai Bank and Kirayaka Bank are added, the number will increase to seven.

What is Jimoto Holdings?

Jimoto Holdings was established as a holding company in October 2012, eight years ago, following the merger of "Sendai Bank" in Sendai City and "Kirayaka Bank" in Yamagata City.



As a local financial institution facing a declining and aging population, it has attracted attention as a move to expand its sales base and survive beyond the framework of the region.



Jimoto Holdings has promoted management efficiency by introducing the companies to which it lends between its affiliated "Sendai Bank" and "Kirayaka Bank" and by unifying the administrative departments.



In addition, both banks have set up a joint store with a subsidiary of SBI Holdings, which has decided to enter into a capital and business alliance, and sell stocks and investment trusts.



Sendai Bank was the first to open a joint store with SBI in the Tohoku region, and Kirayaka Bank was the second.



However, on the 13th of this month, Jimoto Holdings announced that it has revised its earnings forecast downward and that the final profit and loss of Kirayaka Bank's interim results for this year is expected to change from a surplus of 400 million yen to a deficit of 500 million yen. did.



He explained that he was expected to record a loss due to the sale of his stocks and bonds, and was scheduled to announce the interim financial results on the 20th.