OREANDA-NEWS. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), its equity-method accounted affiliate THE TAISHO BANK, LTD. (TAISHO Bank) and TOMONY Holdings, Inc. (TOMONY Holdings) today signed an agreement pertaining to the business integration of TAISHO Bank and TOMONY Holdings.

Subject to approval by its General Meeting of Shareholders and the relevant authorities, TAISHO Bank will cease to be a group company of Mitsubishi UFJ Financial Group, Inc. (MUFG) and BTMU, and will become a wholly-owned subsidiary of TOMONY Holdings through a share exchange with an effective date of April 1, 2016.

Looking ahead, TAISHO Bank will become a member of TOMONY Holdings, and together they will aim to strengthen their management and business base to achieve sustained growth and increased corporate value, while contributing to the development of economy and society in the Shikoku and Kansai regions including Osaka Prefecture as a broad ranging regional financial group.

MUFG and BTMU will cooperate in efforts to realize the two companies' integration. For details of this business integration, please refer to today's press release from TAISHO Bank and TOMONY Holdings, 'TOMONY Holdings and TAISHO Bank sign share exchange agreement.'