THE FUKUSHIMA BANK, LTD. (8562) Stock Price

Fukushima Bank provides diverse financial services centered on banking operations. Specifically, the bank conducts deposit, lending, and foreign exchange businesses while maintaining close ties with its local community. The bank also handles software development and operations, fulfilling its role as a regional financial institution.

Fukugin Lease & Credit Co., Ltd., a subsidiary of Fukushima Bank, operates a leasing business. This business provides equipment and machinery leasing to corporations and individuals, supporting their capital procurement needs. The leasing business plays an important role in supporting corporate capital investment.

Additionally, Fukugin Lease & Credit Co., Ltd. operates credit card and credit guarantee businesses. Through its credit card operations, the company provides customers with convenient and secure payment methods. Through its credit guarantee operations, it offers services that mitigate customer credit risk.

Fukushima Bank has established capital and business partnerships with SBI Holdings Inc. and SBI Regional Bank Holdings Inc. Through these partnerships, Fukushima Bank contributes to the expansion of financial services and the development of the regional economy.

Fukushima Bank has formulated a new medium-term management plan called "SHIN Fukugin Medium-Term Management Plan" covering the five-year period from fiscal year 2024 to fiscal year 2029, and is advancing its growth strategy. The basic policy of this plan is to maximize the power of "real" through the power of "digital." Specifically, the bank aims to promote digital transformation (DX) and improve customer convenience through new services.

Fukushima Bank is strengthening its support services through deep communication with customers and working to develop trustworthy personnel. The bank also seeks to evolve its business model through creative thinking and contribute to the realization of a sustainable society. It aims to become a true regional bank that can contribute to the development of Fukushima and places emphasis on supporting the local economy.

For the final year of the medium-term management plan in March 2029, the bank targets a capital adequacy ratio of 8% or higher and core business profit of 2 billion yen or more (net income of 1.3 billion yen or more). The bank also aims to support 7,000 business clients and 40,000 asset formation clients, positioning itself to demonstrate financial intermediation functions. Through these efforts, the bank seeks to enhance corporate value and contribute to regional economic development.

Fukushima Bank is focusing on implementing a next-generation banking system and establishing an area-based sales structure. These initiatives aim to significantly improve customer convenience through streamlined window procedures, expanded web-based transactions, and enhanced mobile applications. Through these measures, the bank is advancing qualitative and quantitative improvements in face-to-face sales and strengthening consulting-based sales.