Nexus Bank Co.,Ltd. (E05094) Stock Price

Nexus Bank is a company that operates diverse businesses combining financial technology and IT technology. The company conducts business in both financial services and system development domestically and internationally, with three core business segments: "Fintech Business," "IT Solutions Business," and "Other."

The company's revenue comes from a diverse customer base. Domestically, it provides secured credit card services for foreign residents and individuals, as well as fundraising support for corporations. In South Korea, it operates lending and investment services for individuals and businesses through a savings bank. In the IT Solutions Business, it provides system development and engineering services to corporate clients.

In detail, the Fintech Business operates financial services domestically and internationally through subsidiaries Nexus Card Inc. and JT Shinai Savings Bank Inc. The IT Solutions Business sells and maintains flagship products such as the "Fast Connector" series, and handles system engineering and contract development centered on SAMURAI TECHNOLOGY Inc. The Other Business segment pursues revenue diversification through self-funded investments and real estate rental operations.

Nexus Bank is pursuing a comprehensive growth strategy centered on six business domains, guided by its mission to connect "people's aspirations" with "money." The company has set clear performance targets for fiscal year 2023 of 24 billion yen in operating revenue and 5 billion yen in operating profit. While ensuring steady growth in its three core businesses—Korean savings banking, cashless services, and IT solutions—the company is actively pursuing new business opportunities.

The core of the company's differentiation strategy lies in its strategic deployment into new investment areas. It is actively pursuing investment activities focused on three new domains: startups, entertainment and content, and Japan-Korea business. The company aims to establish a unique market position in these fields. Notably, its strategy to create business opportunities between Japan and Korea by leveraging geographic advantages in both markets is a distinctive characteristic of the company.

In developing new markets, the company applies the financial services and IT expertise cultivated through existing operations to new business domains. To accelerate expansion into new business areas, Nexus Bank is restructuring its organizational framework and actively exploring business opportunities in startup investment and entertainment and content sectors. Through these efforts, the company is transforming itself into a comprehensive service provider that transcends traditional financial and IT business boundaries.

Regarding technological innovation, the company is advancing digitalization and system sophistication across all six business domains. Nexus Bank deploys the technological capabilities accumulated through its IT solutions business to other business areas, adopting a strategy to maximize synergy effects across the entire group. Toward achieving its fiscal year 2023 performance targets, the company is concentrating on business expansion and profitability improvement by leveraging these technological advantages.