Likely Nomura exit from lender may spur Japan regional bank shake-up

Ashikaga Holdings Co Ltd’s return to Japan’s stock market has rival lenders bracing for the exit of its main shareholder Nomura Holdings Co – an event expected to trigger consolidation among the country’s regional banks. Japan has more than 100 regional banks, accounting for around 40 percent of the country’s $4.6 trillion in outstanding loans. Any unloading of Nomura’s 38 percent stake – one that translates to effective control – is likely to go to a rival in a neighboring market, rocking the boat in highly competitive regions just north of Tokyo and spurring other lenders to also bulk up, industry experts say. But the investment by Japan’s biggest brokerage was purely financial and an exit is widely seen as just a matter of timing.

    

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