March 6, 2017
Company name: Mebuki Financial Group, Inc.
Representative: Kazuyoshi Terakado, President（Code number：7167 First Section,Tokyo Stock Exchange)

Notice of Changes of Trade Names of Subsidiaries
Mebuki Financial Group, Inc. (Mebuki) announces that the trade names of its consolidated
subsidiaries “The Joyo Lease Co., Ltd.” and “The Joyo Securities Co., Ltd.” will be changed asshown below.
Description
1. Reason for the change
Mebuki was established as a result of the business integration of Ashikaga Holdings Co., Ltd andthe Joyo Bank, Ltd. (Joyo Bank) on October 1, 2016. In the“First Medium-Term Group Business Plan”
launched with the establishment of the group, “Expansion of comprehensive financial services” is set
up as one of the basic strategies of the integration. Based on the strategy, Mebuki has been seeking toprovide one-stop financial services with greater added value in response to diversifying customer
needs.
In line with the strategy, we will change the trade names of “The Joyo Lease Co., Ltd.” and “TheJoyo Securities Co., Ltd.” to “Mebuki Lease Co., Ltd.” and “Mebuki Securities Co., Ltd.” respectively inorder to strengthen and deepen the cooperation within the group and expand its comprehensive
financial services.
2. Overview of the subsidiaries(1) The Joyo Lease Co., Ltd.
Present trade name

The Joyo Lease Co., Ltd.

Head office

4-12, Minami-machi 3-chome, Mito, Ibaraki

Establishment

September 25, 1974

Representative

Mikio Kawamata, President

Main businessLeasing

Capital stock

100,000,000 yen

Shareholder and

The Joyo Bank, Ltd. (100％)

shareholding ratio(Mebuki’s indirect ownership is 100%)(2) The Joyo Securities Co., Ltd.
Present trade name

The Joyo Securities Co., Ltd.

Head office

4-12, Minami-machi 3-chome, Mito, Ibaraki

Establishment

November 30, 2007

Representative

Toru Hakata, President

Main business

Securities

Capital stock

3,000,000,000 yen

Shareholder andThe Joyo Bank, Ltd. (100％)

shareholding ratio(Mebuki’s indirect ownership is 100%)

3. New trade names(1) The Joyo Lease Co., Ltd.
New trade nameMebuki Lease Co., Ltd.
（Japanese: 株式会社めぶきリース）

Trademark(2) The Joyo Securities Co., Ltd.
New trade nameMebuki Securities Co., Ltd.
（Japanese: めぶき証券株式会社）

Trademark4. Scheduled date of the change

April 3, 2017

5. Reorganization of the leasing business within the group
In addition to the changes of the trade names, Mebuki will integrate The Joyo Lease Co., Ltd.
(Joyo Lease) and the leasing division of Ashikaga Credit Guarantee Co., Ltd. into Mebuki Lease Co.,
Ltd. (present: Joyo Lease) in order to strengthen the leasing business. Under the business allianceagreement dated October 1, 2016, The Ashikaga Bank, Ltd. (Ashikaga Bank) mediates the auto leaseproducts provided by Joyo Lease. Optimizing the allotment of business resources within the groupthrough the integration of the leasing business, we will provide comprehensive financial services withgreater added value to the customers of Mebuki Group companies such as Joyo Bank, Ashikaga Bankand so forth.
We will consider converting Mebuki Lease Co., Ltd. (present: Joyo Lease) into a wholly owned
subsidiary of Mebuki along with the change of the trade name and the integration of the leasing
business. Specific details of the conversion have not yet been determined and will be announced assoon as they are decided.
Furthermore, being an internal transaction, this reorganization will not have a significant effect on
Mebuki’s consolidated performance.
（Reference）Ashikaga Credit Guarantee Co., Ltd.
Trade name

Ashikaga Credit Guarantee Co., Ltd.

Head office

1-25, Sakura 4-chome, Utsunomiya, Tochigi

Establishment

December 21, 1978

Representative

Norio Nozawa, President

Main business

Credit guarantee, Leasing

Capital stock

50,000,000 yen

Shareholder and

The Ashikaga Bank, Ltd. (100％)

shareholding ratio(Mebuki’s indirect ownership is 100%)EndInquiries:
Corporate Planning Department

Kiyoshi Nozaki Tel:029-300-2605