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Tokyo Kiraboshi Financial Group Inc (7173.T)

7173.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tokyo TY Financial Group plans merger between units and name change
Friday, 26 Aug 2016 

Tokyo TY Financial Group Inc <7173.T> : Says the co announces merger between three bank units, The Tokyo Tomin Bank, Limited, The Yachiyo Bank, Limited and ShinGinko Tokyo, Limited, effective on May 1, 2018 . The Tokyo Tomin Bank and ShinGinko Tokyo will be dissolved after the transaction, and The Yachiyo Bank as the surviving company will be renamed as Kiraboshi Bank,Ltd .Says the co's name will be changed into Tokyo Kiraboshi Financial Group,Inc accordingly after the units' business integration, effective May 1, 2018.  Full Article

Two more lenders in talks to acquire stake in Bank of Yokohama asset manager - Nikkei
Wednesday, 10 Aug 2016 

Nikkei: Two more lenders seen linking with Bank of Yokohama asset manager - Nikkei . The parent of Tokyo Tomin Bank and Yachiyo Bank is in talks to take stake in an asset management firm owned by Bank of Yokohama and others - Nikkei . Tokyo TY Financial Group is expected to buy about 15% of the shares in Sky Ocean Asset Management as early as this month - Nikkei . Bank of Yokohama and Sumitomo Mitsui Trust Bank, which established Sky Ocean in November 2014, now own 40% and 30% of the firm, respectively - Nikkei .Tokyo TY Financial will sell diversified mutual funds managed by Sky Ocean through its two banking units - Nikkei.  Full Article