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Hachijuni Bank ( (JP:8359) ) has provided an update.
The Hachijuni Bank, Ltd. has announced the conclusion of an agreement for an absorption-type merger with its wholly-owned subsidiary, The Nagano Bank, Ltd. This merger aims to integrate the banks quickly, enhancing their ability to provide value to customers and the local community by leveraging combined expertise and resources. The merger, scheduled to be effective from January 1, 2026, will not require shareholder approval due to its simplified nature, and no new shares or payments will be issued as part of the merger process.
The most recent analyst rating on (JP:8359) stock is a Hold with a Yen1461.00 price target. To see the full list of analyst forecasts on Hachijuni Bank stock, see the JP:8359 Stock Forecast page.
More about Hachijuni Bank
The Hachijuni Bank, Ltd. operates in the banking industry, providing financial services and products. It is listed on the Tokyo Stock Exchange and is focused on serving the local community through its operations.
Average Trading Volume: 1,308,275
Technical Sentiment Signal: Buy
Current Market Cap: Yen686.4B
Find detailed analytics on 8359 stock on TipRanks’ Stock Analysis page.