News ReleaseAcquiring License of Banking Business
NEWS RELEASE
TOKYO, JAPAN, 8 10, 2018
Lawson, Inc. (“Lawson”) announces that Lawson Bank, Inc. (“Lawson Bank”), a subsidiary of Lawson, today, acquired a License of Banking Business.
Lawson Bank will offer financial services, simple, reliable, and accessible to everyone, as an essential part of our communities, based on its corporate philosophy “Creating Happiness and Harmony in Our Communities”, through its potential extended financial service offering as a bank in addition to the advantages such as Lawson group’s knowledge on retail industry, LAWSON store network nationwide, and more than 13,000 Lawson ATM network continuously expanding.
Lawson Bank will start services on October 15, 2018.
- [Overview of Lawson Bank]
| (1) Company name | : | Lawson Bank, Inc. |
| (2) Company representatives | : | Chairman, Representative Director, Tadashi Iwashita President, Representative Director, Masashi Yamashita |
| (3) Location | : | 2-1-1 Osaki, Shinagawa-ku, Tokyo, Japan |
| (4) Capital | : | 11.6 billion yen |
| (5) Shareholders | : | Lawson, Inc. (95%) MUFG Bank, Ltd. (5%) |
| (6) Establishment of banking business | : | September 10, 2018 |
| (7) Date of starting services | : | October 15, 2018 |
| (8) Main areas of business | : | ATM Retail banking businesses (bank account, foreign exchange, internet banking etc.) |
