Japan Post to sell stake in Yucho Bank

Japan Post Holdings (TSE: 6178) announced plans to sell 361,795,800 shares of Yucho Bank through an underwritten public offering. The sale aims to lower Japan Post Holdings' stake in Yucho Bank to approximately 49.90%, furthering the company's previously stated goal to reduce its holdings in financial subsidiaries. The offering's price will be determined between March 10th and 12th, 2025, based on market conditions. Daiwa Securities will act as the lead underwriter for the domestic offering, with an over-allotment option of up to 54,269,300 shares. Japan Post Holdings also plans to establish a trust, contributing Yucho Bank shares to it, further diluting its stake. The company intends to use the proceeds for growth investments in logistics, enhanced shareholder returns, and improved capital efficiency.