ITOCHU Announces the Conversion of Seven Bank, Ltd to an Equity-method Associated Company.

December 26, 2025

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced that ITOCHU made Seven Bank, Ltd. (headquartered in Chiyoda-ku, Tokyo; Masaaki Matsuhashi, President and Representative Director; hereinafter “Seven Bank”)　an equity method affiliate by acquiring up to a total of 20.00% of voting rights, information on which was included in a press release on September 26, 2025.

In preparation for the completion of making Seven Bank an equity-method affiliated company, ITOCHU obtained the following approvals and notifications:
- ITOCHU obtained approval as a major shareholder of a bank pursuant to Article 52-9, Paragraph 1 of the Banking Act; and
- Receipt of notice from the Japan Fair Trade Commission confirmed that it will not issue a cease-and-desist order with respect to ITOCHU’s filing under Article 10, Paragraph 2 of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade.

Going forward, through the alliance with Seven Bank, ITOCHU aims to deliver higher value-added financial services.

Entered into a capital and business alliance agreement on September 26, 2025, and acquired 16.35% of Seven Bank, Ltd. for approximately ¥51.4 billion on October 14. Plans to increase ownership to a total of 20% and make it an equity-method affiliate.

(Reproduced from ITOCHU Corporation’s FY2025 1st Half Business Results Summary (p.16))

For Reference：Press Release on September 26, 2025

Capital and Business Alliance with Seven Bank, Ltd.
URL: https://www.itochu.co.jp/en/news/press/2025/250926.html