THE MICHINOKU BANK,LTD. (E03601) Stock Price

Michinoku Bank is a regional bank headquartered in Aomori Prefecture that operates primarily through core banking services including deposits, lending, and foreign exchange operations. The company also handles securities investment operations at its head office and branch locations, providing comprehensive financial services with a focus on community needs.

The company's primary customers are individuals and small-to-medium enterprises in Aomori Prefecture. It generates interest income by collecting deposits and supplying funds to regional businesses and individuals through lending. Interest income from deposit and lending operations forms the foundation of the company's revenue and supports the development of the local economy.

In addition to the bank itself, the company operates as a corporate group with four consolidated subsidiaries, divided into three business segments: banking, leasing, and other services. In the leasing segment, Michinoku Lease Co., Ltd. provides equipment leasing services. In other segments, three companies—Michinoku Credit Guarantee, Michinoku Card, and Michinoku Debt Collection—each specialize in credit guarantee, credit card, and debt collection services respectively.

Michinoku Bank was established in April 2022 under ProCure Holdings Inc., a holding company created through the management integration of Aomori Bank. The company is pursuing a new growth strategy. Under its first medium-term management plan "Challenge and Innovation" (April 2022–March 2025), the group has set targets of 3.37 trillion yen in average loan balances and 5.3 billion yen in consolidated net profit by March 2025. Through this integration, the company is combining the expertise and information networks of both banks to strengthen financial services in the Aomori region.

The company has established four core strategies: strengthening financial intermediation functions, expanding business domains, rationalizing and improving operational efficiency, and reinforcing the group foundation. In particular, by leveraging the integration benefits with Aomori Bank, the company is enhancing its capacity to supply funds to regional businesses and expanding consulting functions for business succession and growth support. For business domain expansion, the company plans to enter new service areas that leverage regional advantages beyond traditional banking operations, responding to increasingly diverse customer needs.

In new market development, the company aims for sustainable growth in Aomori Prefecture, where population decline and aging are progressing, while focusing on developing financial services that address structural changes in society during and after the COVID-19 pandemic. The company continues to provide smooth financial support to regional businesses while prioritizing service offerings that directly contribute to regional industrial development and improved living standards for residents. Through strengthening its business foundation across the entire sales area, including the Hakodate district, the company is pursuing a strategy to revitalize the regional economy.

In technological innovation, the company is developing new financial services that respond to advances in digital technology. Through challenges that transcend traditional financial service boundaries, supported by regulatory relaxation, the company aims to improve customer convenience and enhance service offerings. Alongside operational rationalization and efficiency improvements from integration effects, the company is advancing digital transformation of business processes and diversifying customer touchpoints to strengthen competitiveness as a regional financial institution.