March 7, 2005
Shinko Securities Co., Ltd.
Tokio Marine & Nichido Insurance Co., Ltd.
Business Collaboration between Shinko Securities and Tokio Marine & Nichido
Shinko Securities Co., Ltd. ("Shinko Securities", President: Takashi Kusama) and Tokio Marine & Nichido Fire Insurance Co., Ltd. ("Tokio Marine & Nichido",President: Kunio Ishihara) have agreed to enter into a business collaboration primarily in the areas of financial products development and sales.
１．Under the business collaboration, Shinko Securities and Tokio Marine & Nichido will jointly provide innovative products and services that meet the diversifying customer needs, making the best possible use of each company's expertise. Through this collaboration, the companies intend to expand and strengthen their customer base and increase their profitability.
２．Shinko Securities and Tokio Marine & Nichido, along with their group companies will also collaborate in developing and selling financial products such as investment trusts and annuity products.
３．Tokio Marine & Nichido will acquire approximately 3% of total issued shares of Shinko Securities.
Tokio Marine & Nichido Insurance Co, Ltd.
Date of establishment: August 1879
Head office: 2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo
President: Kunio Ishihara
Capital: 101.9 billion yen
Number of employees: 17,402
Sales network: 130 departments or branches, 629 divisions, sections or sub-branches
Shinko Securities Co, Ltd.
Date of establishment: July 1917
Head office: 4-1 Yaesu 2-chome, Chuo-ku, Tokyo
President: Takashi Kusama
Capital: 125.1 billion yen
Number of employees: 4,094
Sales network: 93 branches