Japan Post Holdings to Reduce Stake in Japan Post Bank

JAPAN POST HOLDINGS Co ( (JP:6178) ) has provided an update.

Japan Post Holdings Co., Ltd. announced its decision to dispose of a portion of its shares in its subsidiary, Japan Post Bank Co., Ltd., through a stock disposal trust. This move is part of a broader strategy to reduce its shareholding to below 50% in compliance with the Postal Service Privatization Act, aiming to increase management flexibility and maintain the unity of the Japan Post Group. The disposal will result in a decrease of voting rights in Japan Post Bank to about 49.90%, but the bank will remain a consolidated subsidiary, continuing its operations under the company’s effective control.

The most recent analyst rating on (JP:6178) stock is a Buy with a Yen2050.00 price target. To see the full list of analyst forecasts on JAPAN POST HOLDINGS Co stock, see the JP:6178 Stock Forecast page.

More about JAPAN POST HOLDINGS Co

Japan Post Holdings Co., Ltd. operates in the postal and financial services industry, offering postal services, banking, and insurance products. The company focuses on maintaining a comprehensive service network across Japan, ensuring universal service obligations are met.

Average Trading Volume: 5,986,175

Technical Sentiment Signal: Buy

Current Market Cap: Yen4240.7B

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