Tokai Tokyo Financial Holdings Inc. announced that two of consolidated subsidiaries, ACE Securities Co., Ltd. ("ACE Securities" hereafter) and Maruhachi Securities Co., Ltd. ("Maruhachi Securities" hereafter) decided respectively at their board of directors' meetings held on March 18, 2022 to terminate the comprehensive business alliance agreement that was concluded on November 1, 2008. The alliance was designed to strengthen their securities businesses. ACE Securities and Maruhachi Securities established a business alliance to maximize profit and improve customer satisfaction respectively with enhanced operating efficiency.

Toward that end, both companies effectively shared the business resources each company possesses such as talent, information, and other resources, and they took advantage of mutual accessibility to a large combined market as a benefit of the alliance.