In summary:
Japan Post Holdings is preparing to sell shares in Japan Post Bank worth approximately 600 billion yen ($4.02 billion), sources say. The sale would reduce Japan Post’s stake below 50%, loosening its control and allowing the bank greater operational flexibility by easing regulatory restrictions.
The move aligns with Japan’s corporate governance reforms, which aim to increase free-float shares and reduce parent-child listings. The decision could be finalized as soon as this week, with Japan Post Bank also planning a share buyback, according to sources.
Japan Post previously cut its stake in Japan Post Bank in 2023 and currently owns 61.5%, following a similar reduction in Japan Post Insurance to 49.8%. The bank recently reported a 17% rise in net profit for the nine months through December, benefiting from higher interest rates.
Both Japan Post and Japan Post Bank stated they are considering capital policy options but have made no final decisions.
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