The transformation to a holding company structure described in this press release involves securities of aJapanese company. The offer is subject to disclosure requirements of Japan that are different from those of
the United States. Financial statements included in this document, if any, have been prepared in accordancewith foreign accounting standards that may not be comparable to the financial statements of United Statescompanies.
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal
securities laws, since the issuer is located in Japan and some or all of its officers and directors reside outsideof the United States. You may not be able to sue a Japanese company or its officers or directors in a Japanesecourt for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its
affiliates to subject themselves to a U.S. court’s judgment.
You should be aware that the issuer may purchase securities otherwise than in connection with thetransformation to a holding company structure, such as in the open market or through privately negotiatedpurchases.
This document has been translated from the Japanese-language original for reference purposes only. In theevent of any conflict or discrepancy between this document and the Japanese-language original, theJapanese-language original shall prevail in all respects.
May 13, 2021
To Whom It May Concern,
Company:

The Juroku Bank, Ltd.

Representative:

Yukio Murase, President and CEO

Stock code:

8356 (TSE/NSE 1st Section)
Eiji Kodama, Executive Officer andGeneral Manager, Corporate Planning
Division
TEL: +81 (0)58-265-2111

Contact:

Notice Regarding Transformation to a Holding Company Structure through Sole Share Transfer
As announced in the Notice Regarding Commencement of Consideration of Transformation to a Holding
Company Structure issued on September 24, 2020, The Juroku Bank, Ltd. (President and CEO: Yukio Murase)
resolved at its board of directors meeting held on that date to commence consideration of a transition to a holding
company structure. At its board of directors meeting held today, the Bank resolved to establish a holding
company (sole parent company) called Juroku Financial Group, Inc. (the “Holding Company”) through a sole
share transfer (the “Share Transfer”) and transition to a holding company structure effective October 1, 2021 (datesubject to change), subject to approval of the proposal to be presented at the annual general meeting ofshareholders scheduled to be held on June 18, 2021 and the necessary approvals by the relevant regulatory
authorities.
As the Share Transfer will be conducted solely by the Bank, some of the items for disclosure have been
omitted.
1.

Objectives of Transition to a Holding Company Structure through Sole Share Transfer
As a financial institution with its operating bases in Gifu and Aichi prefectures, the Bank’s aim has been to

become a comprehensive financial group that builds a future with its local communities and achieves sustainablegrowth with local economies by creating common value through engagement in dialogue with local communities1

for the purpose of contributing to stimulating the local economy. Recently, the Group has been seeking to step up
its group management system in order to respond to rapidly advancing digital transformation and the needs andchallenges of our customers and local communities, in addition to SDGs and regional revitalization efforts.
At the same time, there have been major changes in the business environment surrounding regional
financial institutions, such as the ongoing low-interest policy, intensifying competition across industries andbusiness categories, a shrinking and ageing population, and increasing uncertainty about the future market scaledue to structural changes in the structure of industry. In order to contribute to the realization of a sustainable
society, regional financial institutions must transform their business models and adapt to deregulation.
For these reasons, the Group has decided to transition to a holding company structure in order to expand
our business domain such as by establishing new businesses, strengthen collaboration and optimize the allocationof resources within the Group by reforming the thinking and behavior of our officers and employees, enhanceauditing and supervisory functions, and accelerate business execution.
Under the holding company structure, with the mission of “achieving growth and prosperity for ourcustomers and the local community” as part of our Group management philosophy, the Group will work toenhance corporate value by creating a business structure that can respond flexibly to changes in the businessenvironment in order to support our customers’ businesses, in which the Group’s management resources areconcentrated, and fulfil our obligations toward sustainable regional growth.
In addition, the Holding Company will be a company with an audit and supervisory committee, further
enhancing its corporate governance by strengthening not only the decision-making function, but also the auditing
and supervisory function of the board of directors.
Because the Bank will become a wholly owned subsidiary company of the Holding Company through the
Share Transfer, the shares of the Bank will be delisted. However, the Group intends to apply to list the shares ofthe Holding Company—which will be delivered to all shareholders of the Bank as consideration for the shares of
the Bank—on the First Section of the Tokyo Stock Exchange, Inc. (the “TSE”) and the First Section of the
Nagoya Stock Exchange, Inc. (the “NSE”). The date of listing depends on the reviews by the TSE and NSE, but
is scheduled for October 1, 2021, which is the date of registration of the establishment of the Holding Company
and the effective date of the Share Transfer. This policy means that the stock will effectively remain listed.
2.

Procedures for Transition to Holding Company Structure

The Bank plans to transition to a holding company structure using the following process.
Step 1: Establishment of Holding Company through Sole Share Transfer
The Holding Company will be established through the Share Transfer effective October 1, 2021, pursuant
to which the Bank will become the wholly owned subsidiary company of the Holding Company.

2

Juroku Financial Group, Inc.
(Holding Company)

The Juroku Bank, Ltd.

NOBUNAGA Capital Village
Co., Ltd.

Juroku Credit Guarantee Co., Ltd.

Juroku Computer Service Co.,Ltd.

Juroku Lease Co., Ltd.

Juroku Card Co., Ltd.

Juroku Tokai Tokyo Securities
Co., Ltd.

Juroku Research Institute Co., Ltd.

Juroku Business Service Co., Ltd.

Step 2: Reorganization of Group Operating Companies
After the establishment of the Holding Company, six consolidated subsidiary companies of the Bank (i.e.,
Juroku Research Institute Co., Ltd., Juroku Tokai Tokyo Securities Co., Ltd., Juroku Card Co., Ltd., Juroku
Lease Co., Ltd., Juroku Computer Service Co., Ltd., and NOBUNAGA Capital Village Co., Ltd.) are
expected to be reorganized with the Holding Company as the direct investing company, with the aim ofenhancing collaboration within the group. The specific details, methods, and timing of that reorganization
will be announced as they are determined.
Juroku Financial Group, Inc.
(Holding Company)

NOBUNAGA Capital Village
Co., Ltd.

Juroku Computer Service Co.,Ltd.

Juroku Lease Co., Ltd.

Juroku Card Co., Ltd.

Juroku Tokai Tokyo Securities
Co., Ltd.

Juroku Research Institute Co., Ltd.

The Juroku Bank, Ltd.
Juroku Credit Guarantee Co.,Ltd.

Juroku Business Service Co.,
Ltd.

3

3.

Outline of the Share Transfer(1) Schedule of the Share Transfer
Record date for annual general meeting ofWednesday, March 31, 2021
shareholders
Board of directors meeting to approve the share
Thursday, May 13, 2021
transfer plan
Annual general meeting of shareholders to
Friday, June 18, 2021 (date subject to change)
approve the share transfer plan
Wednesday, September 29,
Delisting of the shares of the Bank(date subject to change)
2021
Registration of establishment of the Holding
Friday, October 1, 2021 (date subject to change)
Company (effective date)Listing of the shares of the Holding Company

Friday, October 1, 2021 (date subject to change)

This schedule is subject to change as necessary due to the progress of the Share Transfer or for any otherreason.
(2) Format of the Share Transfer
Sole share transfer with the Bank as the wholly owned subsidiary company resulting from the Share
Transfer and the Holding Company as the sole parent company incorporated in the Share Transfer.
(3) Details of allotment in the Share Transfer (share transfer ratio)
Juroku Financial Group, Inc.
The Juroku Bank, Ltd.
Company(sole parent company incorporated in the (Wholly owned subsidiary company resulting
Share Transfer)from the Share Transfer)
Share transfer
1
1
ratio
(i)

Share transfer ratio
All shareholders of the Bank immediately before the timing of the acquisition by the Holding Company
of all issued shares of the Bank under the Share Transfer will receive an allotment of one share of thecommon stock of the Holding Company per share of common stock of the Bank that they hold.

(ii) Number of shares per unit
The Holding Company will adopt a share unit system, with one unit equaling 100 shares.
(iii) Basis for calculation of the share transfer ratio
The Share Transfer is a sole share transfer to establish a sole parent company of the Bank, and there is
no change in the shareholding structure of the Bank or the Holding Company at the time of the Share
Transfer; therefore, with the principal concern that no disadvantage be incurred by the shareholders of theBank, each shareholder will receive an allotment of one share of the common stock of the Holding
Company per share of the common stock of the Bank that they hold.
(iv) Results, method, and basis of calculation by third-party organization
As stated in (iii) above, the Share Transfer is a sole share transfer by the Bank, and therefore no
calculation of the share transfer ratio has been conducted by a third-party organization.
(v) Number of new shares to be delivered through the Share Transfer (subject to change)
37,924,134 shares of common stock (subject to change)
However, if there is a change in the total number of issued shares of the Bank prior to the Share4

Transfer taking effect, there will also be a change in the above number of new shares to be delivered by
the Holding Company. For each treasury share held by the Bank as of the effective date of the Share
Transfer, the same number of shares of the common stock of the Holding Company will be allotted. As aresult, the Bank will temporarily hold shares of common stock of the Holding Company, which it will
dispose of promptly in accordance with laws and regulations.
(4) Matters regarding share options and bonds with share options in relation to the Share Transfer
Share options of the Holding Company will be delivered and allotted to the holders of share options
issued by the Bank, with the equivalent conditions and in the same number as the share options of the Bank,in exchange for the share options of the Bank. The Bank has not issued any bonds with share options.
(5) Handling of new listing of the Holding Company
The Bank intends to apply to list the shares of the newly established Holding Company on the First
Sections of the TSE and the NSE (Technical Listing), with the listing date scheduled for October 1, 2021.
Because the Bank will become the wholly owned subsidiary company of the Holding Company through the
Share Transfer, the shares of the Bank are expected to be delisted from the First Sections of the TSE and theNSE on September 29, 2021 prior to the listing of the Holding Company’s shares.
The date of delisting is determined in accordance with the rules of the TSE, and is therefore subject tochange.

54.

Outline of the Companies under the Share Transfer(as of March 31, 2021)

(1)

Name

The Juroku Bank, Ltd.

(2)

Address:

8-26 Kandamachi, Gifu-shi(3)

Name and position of

Yukio Murase, President and CEO

representative(4)

Description of businessBanking(5)

Stated capital

JPY 36,839 million(6)

Date of establishment

August 8, 1877

(7)

Number of issued shares

37,924,134 shares(8)

Fiscal year end

March 31

(9)

Major shareholders and

The Master Trust Bank of Japan, Ltd. (trust account)

5.24%

shareholding ratios

Custody Bank of Japan, Ltd. (trust account)

4.99%

The Juroku Bank Employee Shareholders’ Association

3.09%

MUFG Bank, Ltd.

2.72%

Fuji Baking Group Co., Ltd.

2.56%

Meiji Yasuda Life Insurance Company

2.47%

Sompo Japan Insurance Inc.

2.31%

Tokio Marine & Nichido Fire Insurance Co., Ltd.

1.58%

Seino Holdings Co., Ltd.

1.49%

The Bank of Nagoya, Ltd.

1.43%

(10)

Operational results and financial condition for the most recent three years
Fiscal year end

March 2019

(units: JPY million)

March 2020

March 2021

Consolidated net assets

370,198

366,403

403,009

Consolidated total assets

6,369,156

6,472,453

7,238,375

Consolidated net assets per share

9,477.86

9,368.09

10,424.06

Consolidated ordinary revenue

104,380

106,860

111,346

Consolidated ordinary income

16,277

19,497

24,608Current net income attributable to10,65812,862

14,722285.29344.22393.94

70.00

80.00

90.00

(JPY)

shareholders of the parent
company
Consolidated net income per share(JPY)
Dividend per share (JPY)

Note 1: The dividend per share for fiscal year end March 2020 of JPY 80 includes a special dividend of JPY 10.
Note 2: The dividend per share for fiscal year end March 2021 of JPY 90 includes a commemorative dividend of
JPY 10.

65.

Outline of the Holding Company to be Established through the Share Transfer (sole parent
company established in the share transfer) (Scheduled)

(1)

Name

(2)

Address:(3)

Juroku Financial Group, Inc.

8-26 Kandamachi, Gifu-shi
Representative Representative Director Yukio
and Chairman
and board
Representative Director Naoki
members (subject and President
Director and Deputy Akihide
to change)
President

Murase(Currently

Ikeda(Currently

Ishiguro(Currently

Director

Yukiyasu Shiraki(Currently

Director

Shin

Director

Hiroyuki Ota(Currently

Director

Kikuo

Asano

(Currently

Director

SatokoIto(Currently

Mishima (Currently

Director (Audit & Naohiko Ishikawa (Currently
Supervisory Committee
Member)Director (Audit & Shinji
Supervisory Committee
Member)Ishihara

Director (Audit & Satoe
Supervisory Committee
Member)

Tsuge(Currently

President and CEO)of the Bank
Deputy President)of the Bank
Director and)Managing Executive
Officerof the Bank
Director and)Managing Executive
Officerof the Bank
Director and)Managing Executive
Officerof the Bank
Director and President )of Juroku Tokai Tokyo
Securities
Outside Director)of the Bank
Outside Director)of the Bank
Standing Audit &)Supervisory Board
Memberof the Bank
Outside Audit &)Supervisory Board
Memberof the Bank

Note: Directors Kikuo Asano and Satoko Ito and Directors (Audit & Supervisory
Committee Members) Shinji Ishihara and Satoe Tsuge are outside directors definedin Article 2, item (xv) of the Companies Act.

(5)

Stated capital(i) Banking business and management of companies that can be held as subsidiaries
pursuant to the Banking Act;(ii) all other business incidental or related to the above; and(iii) business other than that in the preceding two items that can be conducted by theholding company of a bank pursuant to the Banking Act.
JPY 36,000 million(6)

Fiscal year end

March 31(4)

Description ofbusiness

6.
Outline of Accounting Treatment of the Share Transfer
The Share Transfer constitutes a common control transaction for the purpose of corporate accounting, andtherefore does not affect profit and loss.
7

7.
Future Outlook
The Bank will become a wholly owned subsidiary company of the Holding Company through the Share Transfer.
As a result, the Bank’s performance will be reflected in the consolidated performance of the Holding Company,
the sole parent company of the Bank. The effect of the Share Transfer on the Bank’s performance will beminimal.
End
Reference: Consolidated financial forecasts for the current fiscal year (as of May 13, 2021) and consolidated
financial results for previous fiscal year

Financial forecasts
for current fiscal
year(YE March 2022)
Financial results forprevious fiscal year
(YE March 2021)

Current net income
per share

JPY million

Current net income
attributable to theparent company
JPY million

108,000

21,90014,000374.60111,346

24,60814,722393.94

Ordinary revenue

Ordinary income

JPY million

Please direct inquiries regarding this matter to:
Public & Investors Relations Office, Corporate Planning Division TEL: +81 (0)58-266-2511

8

JPY

The transformation to a holding company structure described in this document involves securities of a Japanese company. The offer is subject
to disclosure requirements of Japan that are different from those of the United States. Financial statements included in this document, if any,
have been prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of United Statescompanies.
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuer islocated in Japan and some or all of its officers and directors reside outside of the United States. You may not be able to sue a Japanesecompany or its officers or directors in a Japanese court for violations of the U.S. securities laws. It may be difficult to compel a Japanesecompany and its affiliates to subject themselves to a U.S. court’s judgment.
You should be aware that the issuer may purchase securities otherwise than in connection with the transformation to a holding company
structure, such as in the open market or through privately negotiated purchases.
This document has been translated from the Japanese-language original for reference purposes only. In the event of any conflict or
discrepancy between this document and the Japanese-language original, the Japanese-language original shall prevail in all respects.

Transformation to a
Holding Company Structure
1. Background and Objectives ofTransition to Holding Company Structure---------------------------------------------- P1
2. Outline of the Holding Company ---- P2
3. Group Management Philosophy ----- P3
4. Group Structure ---------------------- P4
5. Holding Company’s Governance
System ------------------------------------- P5
6. Management Plan(Outline) --------- P6

7. Transition Schedule ------------------ P7

May 13, 2021

1. Background and Objectives of Transition to Holding Company Structure
As a financial institution with its operating base in Gifu and Aichi
prefectures, the Bank’s aim has been to become a comprehensive financialgroup that builds a future with its local communities and achieves
sustainable growth with local economies by creating common value throughengagement in dialogue with local communities.
At the same time, there have been major changes in the businessenvironment surrounding regional financial institutions, such as the ongoing
low-interest policy and intensifying competition across industries andbusiness categories. In order to contribute to a sustainable society, regional
financial institutions must transform their business models to adapt toderegulation.
For these reasons, the Group has decided to transition to a holding
company structure in order to expand our business domain such as byestablishing new businesses, strengthen collaboration and optimize theallocation of resources within the Group by reforming the thinking andbehavior of our officers and employees, enhance auditing and supervisory
functions, and accelerate business execution.
Under the holding company structure, the Group will work to enhance
corporate value by creating a business structure that can respond flexibly tochanges in the business environment in order to support our customers’
businesses, in which the Group’s management resources are concentrated,
and fulfil our obligations toward sustainable regional growth.

Objectives of Transition to Holding
Company Structure
1. Expand business domain
2. Optimize allocation of Group management
resources
3. Enhance auditing and supervisory functions
and accelerate business execution● Change in market scale● Transformation of business model● Change in society

Respond flexibly tochange in environment

Our history
Aug.
1982

Sep.
2012

June
2013

June
2019

Apr.
2021

Juroku Lease established

Juroku Diamond Credit established(now Juroku Card)

Merger with Gifu Bank

Juroku Research Institute established

Juroku Tokai Tokyo Securities
commencement of operations

NOBUNAGA Capital Village establishedOct. 2021
Transition to holding company
structure

Mar.
1975

Creation ofcommon value
Resolving challenges forcustomers and local
communities

Enhancing corporate
value

Sustainable regional
growth2

2. Outline of the Holding Company
Trade nameJuroku Financial Group, Inc.

Head office location

8-26 Kandamachi, Gifu-shi, Gifu

Representatives and board
members(subject to change)

Representative Director and Chairman Yukio Murase(currently President and CEO of The Juroku Bank)

Representative Director and President Naoki Ikeda(currently Deputy President of The Juroku Bank)

Director and Deputy President Akihide Ishiguro(currently Director and Managing Executive Officer of The Juroku
Bank)

Director Yukiyasu Shiraki(currently Director and Managing Executive Officer of The Juroku
Bank)

Director Shin Mishima(currently Director and Managing Executive Officer of The Juroku
Bank)

Director Hiroyuki Ota(currently Director and President of Juroku Tokai Tokyo Securities)

Director Kikuo Asano(currently Outside Director of The Juroku Bank)

Director Satoko Ito(currently Outside Director of The Juroku Bank)

Director (Audit & Supervisory Committee Member) Naohiko
Ishikawa(currently Standing Audit & Supervisory Board Member of The
Juroku Bank)

Director (Audit & Supervisory Committee Member) Shinji
Ishihara(currently Outside Audit & Supervisory Board Member of The Juroku
Bank)

Director (Audit & Supervisory Committee Member) Satoe
Tsuge

Description of business・ Banking business and management of companies that can be held as subsidiaries pursuant
to the Banking Act, and all other business incidental or related thereto;・ Other business that can be conducted by the holding company of a bank pursuant to the
Banking Act

Stated capital

JPY 36,000 million

Date of establishment

October 1, 2021

Fiscal year end

March 31

Securities exchanges on whichshares are listed

Tokyo Stock Exchange and Nagoya Stock Exchange

Number of shares per unit

100

Accounting auditor

Deloitte Touche Tohmatsu LLC

Shareholder register
administrator

Mitsubishi UFJ Trust and Banking Corporation

33. Group Management Philosophy
Our group management philosophy is inherited from the basic philosophy of The Juroku Bank, and represents the fundamental
spirit of Juroku Financial Group and the foundation for all of our officers’ and employees’ activities. It consists of three parts:
Mission, Vision, and Values.
When putting our philosophy into practice, the specific conduct of our staff is governed by the Code of Conduct.

Achieving growthand prosperity forGroup Management Philosophy
Code of
Conduct

our customers
and the local
community

We seek to become acomprehensive financial groupthat builds a future with local
communities and achieves
sustainable growth in order tocontribute to the realization ofa sustainable society.

We will act withintegrity to secure thetrust and business of
our customers and the
local community.

We will respond to
every change with
innovation anddetermination, andcreate new value forthe next generation.

We will maximize ourgroup’s strengths byembracing
individuality andleveraging diversity.

Engagement Cycle
Taking on the challenges faced by our customers and local
communities, and resolving them together

Juroku Financial Group: Creating the future of the region together
44. Group Structure
Step 1:The Holding Company will be established through a sole share transfer effective October 1, 2021, pursuant to which
the Bank will become a wholly owned subsidiary company of the Holding Company.

Step 2:Six consolidated subsidiary companies of the Bank (i.e., Juroku Research Institute Co., Ltd., Juroku Tokai Tokyo
Securities Co., Ltd., Juroku Card Co., Ltd., Juroku Lease Co., Ltd., Juroku Computer Service Co., Ltd., and NOBUNAGA
Capital Village Co., Ltd.) are expected to be reorganized with the Holding Company as the direct investing company,
with the aim of enhancing collaboration within the group.

Before Establishment of theHolding Company(Current structure)

Step 1:

Step 2:

Sole Share Transfer (Establishmentof the Holding Company)

Transfer of Bank Shareholdings(After Establishment of the Holding
Company)

Juroku Financial GroupThe Juroku Bank

Juroku Financial GroupThe Juroku BankThe Juroku Bank

Juroku Business Service

Juroku Business Service

Juroku Research InstituteJuroku Research InstituteJuroku Credit Guarantee

Juroku Tokai Tokyo Securities

Juroku Tokai Tokyo Securities

Juroku Card

Juroku Card

Juroku Lease

Juroku Lease

Juroku Computer Service

Juroku Computer Service

Juroku Credit Guarantee

Juroku Credit Guarantee

Juroku Computer Service

NOBUNAGA Capital Village

NOBUNAGA Capital Village

NOBUNAGA Capital Village

Enhanced group collaboration

Juroku Business Service

Juroku Research InstituteJuroku Tokai Tokyo Securities

Juroku Card

Juroku Lease55. Holding Company’s Governance System The Holding Company will be a company with an audit and supervisory committee, strengthening not only the decision-making function, butalso the auditing and supervisory function of the board of directors. We will also further enhance our corporate governance by working tomonitor the execution of business, risk management, and compliance of group companies and to construct a group-wide management system.
 Each group company will propose a business plan based on the group-wide management policy established by the Holding Company, andwork to carry out its business efficiently through swift business decision-making and faster business execution.

Corporate Governance Under the Holding Company Structure
Shareholder meeting
Juroku Financial Group, Inc.
Management meeting
Personnel affairs committee

Elects/dismisses

Elects/dismisses

Collaborates
with

Consults
withBoard of directors

Audit and supervisory committee

AdvisesCompensation committee

Group management
meeting

Directs,receives
reports
fromGroup risk compliance meeting

AuditsCollaborates
withCollaborates with

AuditsGroup planning
division

Instructs and manages

Group risk division

Accounting auditorGroupmanagement
division

Audit andsupervisorycommittee
officeGroup management
and auditing
department

Group sales
division

Reports to andconsults with

AuditsGroup companies
Other subsidiary companies

The Juroku Bank
Instructs and manages

Reports to andconsults with

Juroku Research Institute, Juroku Tokai Tokyo
Securities, Juroku Card, Juroku Lease, Juroku
Computer Service, NOBUNAGA Capital Village

AuditsThe Juroku Bank subsidiary companies
Juroku Business Service, Juroku Credit Guarantee

66. Management Plan (Outline)
Juroku Financial Group seeks to maximize synergies through its three group strategies, with “expand businessdomain” and “respond to diversifying needs” as its growth drivers, “to become a comprehensive financial groupthat builds a future with local communities and achieves sustainable growth.”
Group Strategy Outline

Improve usability andproductivity

Further leverage
problem-solving power

Customer-first marketing strategy- Further leverage problem-solving power -● Leveraging digitaltechnology and datain customer marketing● Accelerating
digitalization ofoperations to create
active time andenhance value● Leveraging consulting
functions byconcentrating groupmanagement resources● Proposing diverse
solutions to challenges

Based on the principle of customer-firstmarketing, we will create common value with ourcustomers and the local community by leveraging
consulting functions through the concentrationof group management resources and proposing
diverse solutions to challenges.

Customer-firstmarketingstrategy

Expand businessdomainRespond todiversifyingneeds
DX strategy

DX strategy- Improve usability and productivity We will leverage digital technology and data
through alliances within and outside the groupfor marketing to customers, accelerating
digitalization of operations to create active time,and engage our officers and employees in highvalue-added activities.

Regional
commitment
strategy

Regional commitment strategy- Regional total design We will redouble efforts by all group officers andemployees toward SDGs and regional
revitalization to realize a sustainable society, andplay a central role in regional revitalization in ourmanagement bases in Gifu and Aichi prefecturesby expanding our business domain.

Regional total design● Playing a central role in regional revitalization by
expanding business domain● Redoubling efforts by all group officers andemployees toward SDGs and regional revitalization

77. Transition Schedule
Juroku Financial Group is scheduled to be listed on the First Sections of the Tokyo Stock
Exchange and Nagoya Stock Exchange on October 1, 2021, pursuant to the following schedule.

Friday, June 18, 2021

Tuesday, September 28, 2021

Wednesday, September 29, 2021

Friday, October 1, 2021

● Annual General Meeting of Shareholders(Submission of proposal for transition to holding company structure)● Last trading day of shares in The Juroku Bank

● Delisting of shares in The Juroku Bank
(No trading on September 29 and 30)● Effective date of the share transfer
Establishment of Juroku Financial Group● Trading of shares in Juroku Financial Group commences8