8359.T Stock Today: December 30 – FSA-cleared Nagano merger, ATM fee cuts
The Hachijuni Nagano Bank merger is now FSA‑cleared, setting an effective date of January 1, 2026, and a one‑year weekend ATM fee waiver to spur deposits. Investors in 8359.T are weighing scale benefits against near‑term fee income pressure. Today’s price is ¥1,699.5, up 0.89%, near the 52‑week high. We break down what the approval means for Nagano’s only regional bank, how the ATM fee campaign could shift deposits, and what the latest trading and valuation say for the stock.
FSA approval and what changes by 2026
Japan’s Financial Services Agency approved the legal combination of Hachijuni Bank and Nagano Bank, with the new entity slated for January 1, 2026. This creates a single regional bank headquartered in Nagano Prefecture. The regulatory green light reduces deal risk and lets management move from planning to execution. See coverage in Yomiuri for details on the approval and structure source.
A unified balance sheet should lift efficiency through shared systems, branch optimization, and procurement savings. Management can realign products and underwriting standards across the prefecture, likely improving cross‑selling. The key will be integration execution, cost control, and deposit retention. Shareholders should monitor synergy targets and disclosure cadence through FY2025–FY2026 as operations converge.
One‑year weekend ATM fee waiver: deposit strategy and trade‑offs
The new bank will waive ATM withdrawal fees on weekends and public holidays for one year to attract and reward account holders. This move should encourage salary transfers and everyday usage, especially for families and SMEs in Nagano. Local media report the initiative as part of the launch campaign to build share and goodwill across the prefecture source.
Waiving ATM fees will trim non‑interest income in the short term. But if the campaign accelerates low‑cost deposit inflows, funding quality can improve, supporting margins when rates shift. We’ll watch for data on new accounts, average balances, and transaction volumes. Clear communication on end‑dates and eligibility will help minimize churn when standard fees return.
8359.T stock today: price, technicals, and valuation snapshot
Shares closed at ¥1,699.5, up ¥15.0 (+0.89%), trading between ¥1,670 and ¥1,699.5, with volume at 1.04 million versus a 1.20 million average. The price sits above the 50‑day ¥1,592.79 and 200‑day ¥1,317.67 averages. RSI is 53.69, indicating neutral momentum, while MACD’s histogram is slightly negative, suggesting a pause after a strong multi‑month uptrend.
At a P/E of 13.39 and P/B of 0.74, the stock screens reasonably priced versus book, with a 2.92% dividend yield (¥49 per share). Bollinger mid‑band at ¥1,684 is near support, with upper band at ¥1,726 as resistance. The next scheduled earnings announcement is February 6, 2026. Our system shows Stock Grade A (BUY) while the company rating trend is Neutral.
Final Thoughts
Japan’s FSA approval makes the Hachijuni Nagano Bank merger a 2026 event investors can now model with more confidence. The one‑year weekend ATM fee campaign should accelerate deposit wins, even if it trims near‑term fee income. Today’s price sits near the top of its range, supported by an up‑trend above the 50‑ and 200‑day averages and a modest valuation versus book. From here, we would track three items: deposit growth during the campaign, integration updates with quantified cost savings, and any guidance tied to technology and branch consolidation. For trading, watch ¥1,684 as near support and ¥1,726 as resistance. Position sizing should reflect integration execution risk and the timing of synergy realization.
FAQs
The legal combination is set for January 1, 2026, following Japan FSA approval. Between now and the effective date, both banks will finalize systems, branding, and branch alignment. Investors should watch management disclosures in FY2025–FY2026 for integration milestones, quantified cost savings, and any changes to dividend policy or capital plans.
The new bank plans to waive ATM withdrawal fees on weekends and public holidays for one year after launch. The goal is to boost account openings, salary transfers, and day‑to‑day usage. Customers should check eligible machines, card types, and timelines to maximize savings while the promotion is active.
We see potential for scale benefits, better efficiency, and stronger deposit growth, offset by temporary integration costs and lower near‑term fee income due to the ATM campaign. If synergies land on time, returns on equity can improve. Progress will depend on technology migration, branch optimization, and customer retention metrics.
Based on current metrics, the shares trade at a P/E of 13.39 and a P/B of 0.74 with a 2.92% dividend yield. Those levels do not look stretched versus book value. Technicals are neutral near term, so entries may benefit from pullbacks toward support levels rather than chasing strength.
Watch for campaign launch details in early 2026 and the next earnings announcement on February 6, 2026. We also expect periodic integration updates on system migration, branch footprint, and synergy tracking. Any guidance on deposits, fee income, and cost savings will be especially important in FY2025–FY2026.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
