Shizuoka Bank, Yamanashi Chuo Bank, and Hachijuni Bank create "Mt. Fuji & Alps Alliance"

Shizuoka Bank, Yamanashi Chuo Bank, and Hachijuni Bank have concluded a comprehensive business alliance and launched the "Mt. Fuji & Alps Alliance."

Shizuoka Bank and Yamanashi Chuo Bank launched the "Shizuoka-Yamanashi Alliance" in October 2020, and have been working to achieve sustainable growth in their regions and expand revenue opportunities through resolving social issues, while mutually utilizing each bank's strengths and management resources.

The alliance has focused on joint initiatives to increase the related population and support market development through individual business meetings, etc. The business has been progressing steadily, with the revenue target (5-year cumulative total of 10 billion yen for both banks) being revised upward (to 12 billion yen) in the fourth year of the alliance.

Meanwhile, Hachijuni Bank, the leading bank in Nagano Prefecture, which borders Shizuoka and Yamanashi Prefectures, shares many commonalities in terms of regional characteristics and social issues. The banks have been sharing awareness of challenges faced by their regions and customers, and have been examining possibilities for specific collaboration. Hachijuni Bank made Nagano Bank a wholly owned subsidiary in June 2023, and plans to merge with it in January 2026, becoming the only bank in the prefecture.

As a result, they decided to expand the framework of the "Shizuoka-Yamanashi Alliance" and launch a new comprehensive business alliance, the "Mt. Fuji & Alps Alliance," involving all three banks.

Moving forward, while maintaining independent management of the three banks and preserving the customer base and brand that each bank has built, they will focus on enhancing and upgrading solutions to social issues and other initiatives aimed at balancing "social value creation" and "corporate value enhancement," thereby contributing to the sustainable growth of regional communities.

Key Initiatives

1. Increasing the related population to address population decline and labor shortages: form a project team to build a framework for a "migration promotion business" jointly across the three banks, and begin initiatives at an early stage
2. Developing new businesses to attract overseas capital and talent
3. Expanding collaboration in venture and growth fields that contribute to sustainable development of the regional economy, and strengthening M&A and business succession

Future Outlook

The impact of this alliance on consolidated business performance in the immediate future is deemed to be limited at this point. If it becomes clear that it will have a significant impact in the future, the banks will promptly make an announcement.

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