The page for smartphones is this place

Announcement Regarding Realignment of Credit Card Subsidiaries through the Merger between Resona Card and Kansai Credit Service

December 19, 2018

Resona Holdings, Inc.
Kansai Mirai Financial Group, Inc.
Kansai Urban Banking Corporation
Resona Card Co., Ltd
The Kansai Credit Service Co., Ltd
Kansai Sogo Shinyo Co., Ltd.

Resona Holdings, Inc. ("RHD" hereafter, President: Kazuhiro Higashi) , Kansai Mirai Financial Group, Inc. (President: Tetsuya Kan), and Kansai Urban Banking Corporation ("KU" hereafter, President: Kazumasa Hashimoto) hereby announce that they will realign their credit card subsidiaries through the merger between Resona Card Co., Ltd ("RCD" hereafter, President: Takashi Tsuchiya), one of consolidated subsidiaries of RHD, and Kansai Credit Service Co., Ltd ("KCS" hereafter, President: Hiroshi Ando ), one of consolidated subsidiaries of KU, effective on April 1, 2019.

1. Objectives of Realignment

This realignment will be implemented to provide customers with higher-value-added credit card-related products and services by integrating the know-how and customer base which RCD and KCS have cultivated, respectively, thus far.

2. Outline of Realignment

Following steps will be taken on April 1, 2019.

  1. (1)Through a company sprit, Kansai Sogo Shinyo Co., Ltd. ("KSS", hereafter, President: Hiroshi Kaya) will succeed all rights and obligations that KCS currently claims and owes in relation to its loan guarantee business for individual customers.
  2. (2)RCD will acquire all outstanding shares of KCS currently held by KU, making KCS its wholly owned subsidiary.
  3. (3)RCD and KCS will merge with RCD being an absorbing and surviving company and KCS being an absorbed company, respectively.

[Credit card subsidiaries realignment]

3. Outline of New Credit Card Company after the Merger

  1. (1)Corporate Name
 Resona Card Co.,Ltd
  1. (2)Companies to be reorganized

Absorbing and surviving company：RCD
Absorbed company：KCS
  1. (3)Head Office Address to be Registered

5-25, Kiba 1-Chome, Koto-ku, Tokyo
  1. (4)Paid-in Capital

JPY 1 billion
  1. (5)Number of Cardholders*1

1,637 thousands
  1. (6)Total settlements handled*2

JPY 378.2 billion
  1. (7)Scheduled Merger Date

April 1, 2019
  • *1Two companies combined basis, as of March 31, 2018
  • *2Two companies combined basis, during FY2017

[Corporate Information of Related Companies as of March 31, 2018]

NameRCDKCSKSS
Address* 5-25, Kiba 1-Chome, Koto-ku, Tokyo 2-4, Nishi-shinsaibashi 1 Chome, Chuo-ku, Osaka 2-4,Nishi-shinsabashi 1 Chome, Chuo-ku, Osaka
Representative Takashi Tsuchiya President Hiroshi Ando President Hiroshi Kaya President
Description of Business Credit card business
Loan business
Loan guarantee business		 Credit card business
Loan business
Loan guarantee business		 Loan guarantee business
Paid-in Capital JPY1,000 million JPY 60 million JPY 100 million
Date of Incorporation February 12, 1983 January 26, 1983 June 23, 1977
Number of Issued Shares 7,244 shares 3,995 shares 24,200 thousand shares
Fiscal Year End March 31 March 31 March 31
Number of Employees 310 38 70
Major Shareholders and Ownership ratio* RHD 77.6%
Credit Saison Co., Ltd. 22.4%		 KU 100% KU 100%
  • *As of December 1, 2018
Download PDF File