Jimoto Holdings Eyes Exit from Govt Control
Tokyo, April 2 (Jiji Press)--Regional banking group Jimoto Holdings Inc. plans to exit from Japanese government control by resuming dividend payments on preferred shares it issued to the government in exchange for public funds, it was learned Wednesday.
The group, which owns Sendai Bank and Kirayaka Bank, both based in northeastern Japan, decided to skip dividend payments at a general shareholders' meeting in June last year after posting a second straight annual net loss for fiscal 2023.
(2025/04/02-20:30)
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