The Toho Bank, Ltd. (TSE:8346) agreed to acquire an additional 45% stake in Toho Card Co.,Ltd. from Fukushima Shoji Co., Ltd. and JCB Co., Ltd for approximately ¥660 million on March 27, 2015. Toho Bank will acquire 270 shares in the transaction. In related deals, The Toho Bank, Ltd. (TSE:8346) agreed to acquire additional stakes in 4 more companies.

Post transaction, The Toho Bank, Ltd. will hold 50% in Toho Card Co.,Ltd. Toho Card had net assets of ¥3.1 billion, total assets of ¥5.44 billion, sales of ¥933 million, operating profit of ¥406 million and net income of ¥255 million for the year ending March 2014. The Toho Bank's Board of Directors passed a resolution for the transaction. The conclusion of the share transfer contract is scheduled on April 1, 2015, while the share acquisition is scheduled on April 6, 2015.