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Aozora Bank ( (JP:8304) ) has provided an update.
Aozora Bank has announced its relationship with Daiwa Securities Group Inc., which holds a significant 23.93% voting rights stake, classifying Aozora as an equity method affiliate. This partnership, formalized through a Capital and Business Alliance Agreement, enables collaboration in various business areas while maintaining Aozora’s management independence. The alliance allows Daiwa to nominate directors, although Aozora ensures its autonomy by adhering to internal regulations and the arm’s length principle in transactions.
The most recent analyst rating on (JP:8304) stock is a Sell with a Yen2500.00 price target. To see the full list of analyst forecasts on Aozora Bank stock, see the JP:8304 Stock Forecast page.
More about Aozora Bank
Aozora Bank, Ltd. operates in the financial services industry, focusing on corporate and retail banking services. The bank collaborates with Daiwa Securities Group Inc. to enhance corporate lending, real estate, M&A, and wealth management services, aiming to create added value and sustainable growth.
Average Trading Volume: 1,198,469
Technical Sentiment Signal: Sell
Current Market Cap: Yen294.3B
See more data about 8304 stock on TipRanks’ Stock Analysis page.