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Value Creation Story

Measures Aimed at Enhancing Corporate Value

Corporate Governance

Our Path of Continuous Growth~More than ever, and forever, with our region.~

Since its founding in 1878, The 77 Bank has overcome many difficulties and grown steadily while devoting itself tosound management under the management philosophy of “desiring communal prosperity and serving localcommunities.” Aiming to be a leading company creating a path to the future, we will continue to move forward together
with our region.

1878.121972.10

2005.7

Started operations as The 77th National Bank

Shares listed (Second Section of the Tokyo Stock
Exchange and the Sapporo Securities Exchange)

Opened the Shanghai
Representative Office

1974.112006.11

Established 77 Lease Co., Ltd.

Established the Aomori
Corporate Office

1977.9Head Office at the time of ourfoundation in 1878 (former Hinoya site)

Head Office relocated to a newbuilding at Sendai Chuo 3-chome

1893.5
Established Miyagi Savings Bank
（Renamed Gojo Bank in 1921）

1978.10
Established 77 Shin-Yo
Hosyo Co., Ltd.

1898.3Name changed to The 77 Bank, Ltd.

1880

1910.6

1960

1970

1983.2

1997.12The Bank Creed establishedas the basic principle ofmanagement

Established The 77 CardCo., Ltd.

Established 77 Credit Services Co., Ltd.

The current The 77 Bank, Ltd. was establishedthrough the merger of The 77 Bank, Tohoku
Jitsugyo Bank, and Gojo Bank

1419801990

2000

1961.5

Established Tohoku Jitsugyo Bank, Ltd.

1932.1

Current Head Office

1999.8Merged The 77 Card Co., Ltd. and 77 Credit
Services Co., Ltd., with The 77th Card Co.,
Ltd. as the surviving company

2020

2010

4.
1
220

d
Starte 2030”
n“Visio2016.1

2016.92021.12Started operation of the common
use system (MEJAR)

Established the Hachinohe Corporate
OfficeEstablished 77 Partners Co., Ltd.

2016.52016.11

Opened the Singapore
Representative Office

Converted 77 Lease Co., Ltd., 77 Shin-Yo
Hosyo Co., Ltd., and The 77 Card Co., Ltd.
into wholly-owned subsidiaries

2016.7
Established The 77 Capital Co., Ltd.

2016.7
Established 77 Securities
Preparatory Establishment Co.,
Ltd. (trading name was changed
to 77 Securities Co., Ltd. inJanuary 2017)2017.4
Started business of 77 Securities Co., Ltd.

2017.62022.8Established 77 Human Design Co., Ltd.

2023.5

Established 77 Digital Solutions Co., Ltd.

2023.8Established Utsunomiya Corporate OfficeTransition to a company with anaudit & supervisory committee

2018.7
Established 77 Research andConsulting Co., Ltd.

THE 77 BANK INTEGRATED REPORT

15Tohoku Region—The Economy and Potential of Miyagi
Miyagi Prefecture, which is our main business base, is located in the southeast area of the Tohoku region, and isa key transport hub connecting the Greater Tokyo Area with the Tohoku region.
The prefectural capital, Sendai City, which became the 11th city designated by government ordinance in Japan
in 1989, is home to the branches of many major companies from across Japan, and functions as a core city in theTohoku region.
Recently, construction investment that utilizes the Sendai Urban Restructuring Project has been active. Inaddition, due to the start of operation of NanoTerasu, a next-generation synchrotron radiation facility, economic

Regional Development Project

growth is expected further.

1 Sendai Urban Restructuring Project(Project launched by Sendai City in October 2019, to continue through FY2031)

The potential of Miyagi Prefecture, in numbers
Total area

Population

7,282 k㎡

2,268,355 persons

Number of households

Number of new housing starts

1,023,972

17,604

We wish to help Sendai City attain the position of the “town ofchoice” by improving its urban characteristics, as a place where
both the natural environment with abundant greenery and a city
function exist in harmony. To this end, we support the remodelingof obsolete buildings and promote their reconstruction in Sendai’scentral business district, where people interact and conducteconomic activities the most. In this way, we will create a virtuous
economic cycle by supplying highly functional offices that satisfy
companies’ needs and attracting enterprises to new offices.

Reconstruction of obsolete buildings and promotion of corporate relocation into the city
·Establishment of “Subsidy System for Promoting Building Reconstruction in Sendai City Center”·Relaxation of floor-area ratio with a view toward “developing highly functional office”

Image of Urban Restructuring Project (Sendai Station area)·Enhancement of business attraction framework and subsidy systems, etc.

Provided by: Sendai City

Gross Prefectural Product (nominal)

9,829.4

2 “NanoTerasu,” the next-generation synchrotron radiation facility development projectbillion(Scheduled to begin operation in FY2025)

Ranking among prefectures in terms of Gross Prefectural Product (nominal)

Second highest growth rate

(21.0%) during the period FY2010, immediately after
the financial crisis of 2007-2008, through FY2018

Manufactured goods shipment amount

4,358.0

billionSource: 2023 Shape of Miyagi (Miyagi Prefectural Handbook)

Agricultural output

190.2

billionFisheries and aquaculture production amount

71.8

billion

NanoTerasu is a next-generation synchrotron radiation facility located in New Aobayama Campus of Tohoku University,
which is about 9 minutes by subway from Sendai Station. It will start operating in FY2024. It is also called “a huge
microscope capable of seeing the nano-world” to observe and monitor the function of substances and the reaction of elemental
surfaces at the atom/molecule level, something that is impossible with ordinary research facilities. It allows us to precisely
analyze various materials and biological tissues. It is expected to create innovation in the area of research and development ofvarious industries including chemistry, food products, medical services, pharmaceutical and energy.
NanoTerasu not only serves as “a huge microscope capable of seeing the nano-world” but also creates nano data that isessential for research and development in various domains in theindustrial and academic circles during the DX/GX era. In addition,
it is expected to make a considerable contribution to boosting
enterprise competitiveness by developing a new dimension ofindustry-academia cooperation.

Economic ripple effects (estimated by Tohoku Economic Federation)·JPY 1,901.7 billion over the first 10 years of operation·Local ripple effects within Miyagi Prefecture is JPY 277.7 billion·‌The project is believed to contribute particularly in the areas such as fuel cell, genedrugs and nanocarbon materials

Next-generation synchrotron radiation facility (image)
Provided by: Photon Science Innovation Center16

THE 77 BANK INTEGRATED REPORT17