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Q&A regarding IR

Q&A regarding IR

Here is a list of frequently asked questions and answers regarding IR.

About Listing

When were you listed?

We were listed on first section of the Tokyo Stock Exchange, on November 4, 2015.
We transitioned to the Prime Market from the first section following the market restructuring by the Tokyo Stock Exchange on April 4, 2022.

Why was Japan Post Holdings listed?

There are three objectives of the listing.

  1. 1.
    Increase management flexibility
    The listing is the important first step to increase management flexibility and to compete with competitors on an equal footing, in the sales of new products and services.
    Efforts for new products and businesses through the increase of management flexibility will lead to the improvement of customer service, and expand the revenue base of Japan Post Group.
  2. 2.
    Establish an independent management structure
    After the listing, we need to fulfill accountability to many shareholders other than the government. That means we should manage independently with our own judgment and responsibility, according to market discipline.
  3. 3.
    Contribution to the reconstruction from the Great East Japan Earthquake
    The proceeds from sales of shares of Japan Post Holdings will be devoted to the financial resources necessary for reconstruction from the Great East Japan Earthquake.

Are any other companies of Japan Post Group listed?

Three companies, Japan Post Bank and Japan Post Insurance in addition to Japan Post Holdings, were listed on first section of the Tokyo Stock Exchange, simultaneously on November 4, 2015.
All three companies transitioned to the Prime Market from the first section following the market restructuring by the Tokyo Stock Exchange on April 4, 2022.

What is the percentage of the shares of Japan Post Holdings currently held by the Japanese government?

The Japanese government is legally obligated to hold more than one-third of the shares of Japan Post Holdings. The third offering carried out in October 2021 reduced the government's equity interest in Japan Post Holdings to the level of such obligation.
For details of offerings, please see the "Offering of Government-owned Shares" page.

What percentage of the shares of Japan Post Bank and Japan Post Insurance will Japan Post Holdings sell eventually?

Under the Postal Service Privatization Act, we are required to dispose of our entire equity interest in Japan Post Bank and Japan Post Insurance.
As set out in the targets of the previous Medium-term Management Plan, our holding ratio in Japan Post Bank and Japan Post Insurance shares has already fallen to 50% or less by FY2025.
During the current Medium-term Management Plan period, we will continue to deliberate on the disposal of shares in the two financial subsidiaries, while taking into account the purpose of the Postal Service Privatization Act and the perspective of Group management.

How will you use the proceeds from the offering of shares of Japan Post Bank and Japan Post Insurance?

We have used the proceeds from the offerings of shares of Japan Post Bank and Japan Post Insurance in the past to fund share buybacks and make equity investment in Aflac Incorporated.
Although no decision has been made at this point as to the use of the proceeds from the future offerings, they will be allocated to suitable investment opportunities, such as growth investments, for raising corporate value, and to buy back shares as needed in order to improve shareholder returns and capital efficiency.

Will reducing of its interest in Japan Post Bank and Japan Post Insurance have any impact on the management of Japan Post Group?

The strength of Japan Post Group is that our three principal subsidiaries jointly deliver three different businesses and services through post offices, and Japan Post Bank and Japan Post Insurance will keep providing their services by utilizing the post office network.
Even if the capital relationship changes, we will keep collaborating with each company as a group.

With the listing, what will happen to the shares of Japan Post?

Legally, we are required to hold its entire equity interest in Japan Post Co.. Accordingly, there will be no change in the holding ratio from the listing.

With the listing, are you planning to cut any services in unprofitable areas such as depopulated areas?

Japan Post Holdings and Japan Post are under an obligation to provide the public in Japan with universal services, which include maintaining the post office network so that they can provide equal and convenient access 1mail services, 2simple saving, remittance and settlement services and 3easy-to-use life insurance services, at post offices in all regions of Japan in an integrated, simplified and customer-oriented manner. So we will not discontinue any service provision in depopulated areas regardless of the listing.

About Dividend

What are the dividend record dates?

The year-end dividend record date is March 31, and the interim dividend record date is September 30 if it is implemented.
Furthermore, please contact your securities company for details including the deadline to purchase shares to be entitled to a dividend.

When are dividends paid?

The year-end dividends are paid in June. When interim dividends are paid, they are paid in December.

Please tell me about your dividend policy.

We consider returning profits to shareholders to be an important management measure. Our basic policy is to continuously provide returns to shareholders in accordance with the results of operations.
As for dividends of surplus, for the fiscal year ending March 31, 2027, we plan to increase the annual dividend to 60 yen per share based on a significant expected increase in net income from Japan Post Bank and Japan Post Insurance due to favorable interest rate conditions. We will also introduce progressive dividends in line with performance, while maintaining required internal reserves and paying attention to capital efficiency.
In addition to dividend payments, we will enhance returns to shareholders by continuing to flexibly conduct share buybacks.
For details, please see the "Dividend Information" page.

About Stock

What is your stock ticker code?

It is 6178.

What industrial category is your company classified in?

Service industry.

What is the trading unit of your shares?

100 shares.

What is the stock price?

For the price of stock, please check Stock Price Chart.

Others

Do you have a special benefit plan for shareholders?

No, we do not have any special benefit plan for shareholders.

When is your annual general meeting of shareholders?

We plan to hold it in mid to late June every year.

Relevant Information

For the frequently asked questions and answers regarding IR of Japan Post Bank and Japan Post Insurance, please go to the site below.