Sumitomo Mitsui Banking Corporation (Headquarters: Minato-ku, Tokyo; President & CEO: Noriafu Maruyama; hereinafter referred to as "SMB") announces that its subsidiaries, Profit Cube Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Toshiyuki Karasawa; hereinafter referred to as "Profit Cube"), NEOBANK Technologies Co., Ltd. (former) (Headquarters: Minato-ku, Tokyo; President: Toshiyuki Karasawa; hereinafter referred to as "NEOBANK Technologies (former)"), and Dayta Consulting Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Tomoyuki Naomi; hereinafter referred to as "Dayta Consulting"), conducted an absorption merger on April 1, 2026, with Profit Cube as the surviving company.
Furthermore, we announce that on the same date, the trade name of the surviving company, Profit Cube, was changed to NEOBANK Technologies Co., Ltd. *1 (Headquarters: Minato-ku, Tokyo; President: Toshiyuki Karasawa; hereinafter referred to as "NEOBANK Technologies (new)").
### Purpose of the Absorption Merger
The purpose of this initiative is to integrate the businesses of Profit Cube, NEOBANK Technologies (former), and Dayta Consulting, all of which are engaged in contracted system development and IT solution provision. By consolidating these operations, we aim to achieve scale merits in management, business operations, and development, thereby improving business efficiency.
Going forward, we will strive to create new solutions by combining the products and services that each company possesses.
**Profit Cube Overview**
| Company Name |
Profit Cube Co., Ltd. |
| Headquarters Location |
3-2-1 Roppongi, Minato-ku, Tokyo |
| Established |
October 17, 2023 |
| Capital |
30 million yen |
| Representative |
Toshiyuki Karasawa, President & Representative Director |
| Business Content |
Development, sales, and maintenance of management support systems for financial institutions |
**NEOBANK Technologies (former) Overview**
| Company Name |
NEOBANK Technologies Co., Ltd. |
| Headquarters Location |
3-2-1 Roppongi, Minato-ku, Tokyo |
| Established |
December 2, 2024 |
| Capital |
100 million yen |
| Representative |
Toshiyuki Karasawa, President & Representative Director |
| Business Content |
Financial-related business such as provision of security solutions |
**Dayta Consulting Overview**
| Company Name |
Dayta Consulting Co., Ltd. |
| Headquarters Location |
3-2-1 Roppongi, Minato-ku, Tokyo |
| Established |
May 30, 2019 |
| Capital |
50 million yen |
| Representative |
Tomoyuki Naomi, President & Representative Director |
| Business Content |
Financial-related business such as AI screening services |
**NEOBANK Technologies (new) Overview**
| Company Name |
NEOBANK Technologies Co., Ltd. |
| Headquarters Location |
3-2-1 Roppongi, Minato-ku, Tokyo |
| Established |
October 17, 2023 |
| Capital |
30 million yen |
| Representative |
Toshiyuki Karasawa, President & Representative Director |
| Business Content |
Development, sales, and maintenance of management support systems for financial institutions, provision of security solutions, and financial-related businesses such as AI screening services. |
SMB will continue to aim to transform financial services and make society more comfortable and convenient by utilizing cutting-edge technology under a customer-centric approach.
*1: The NEOBANK Technologies after the trade name change is a different legal entity from the former NEOBANK Technologies that was dissolved by the absorption merger.
Above.