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Seven Bank, Ltd. ( (JP:8410) ) just unveiled an announcement.
Seven Bank, Ltd. announced that ITOCHU Corporation has received authorization from Japan’s Financial Services Agency to become a major shareholder of the bank under the Banking Act. This clearance enables ITOCHU to move ahead with its plan, previously outlined in a capital and business alliance agreement, to increase its stake in Seven Bank through market purchases and other transactions until it holds up to 20% of the bank’s voting rights, reinforcing their strategic partnership and potentially reshaping the bank’s shareholder structure and future business collaboration.
The most recent analyst rating on (JP:8410) stock is a Hold with a Yen298.00 price target. To see the full list of analyst forecasts on Seven Bank, Ltd. stock, see the JP:8410 Stock Forecast page.
More about Seven Bank, Ltd.
Seven Bank, Ltd. is a Japanese financial institution listed on the Prime Market of the Tokyo Stock Exchange (security code 8410), operating in the banking sector and providing retail and other banking services, with a shareholder base that includes major corporate investors such as trading house ITOCHU Corporation.
Average Trading Volume: 6,073,945
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen294B
For an in-depth examination of 8410 stock, go to TipRanks’ Overview page.