Japan Post Bank to buy back shares via ToSTNeT-3

Japan Post Bank (TSE:7182) announced it will conduct an off-auction treasury stock repurchase through the ToSTNeT-3 system. The buyback is scheduled for March 3, 2025, at 8:45 AM JST, with the purchase price set at the closing price on February 28, 2025, of ¥1,507.5. The bank plans to repurchase up to 13,266,900 shares, representing approximately 0.4% of the total outstanding shares (excluding treasury stock). The maximum number of shares it can acquire under the original resolution is 20,000,000. The repurchase is based on Article 156, Paragraph 1 of the Company Law and is in accordance with Article 39, Paragraph 1 of the company's Articles of Incorporation. Japan Post Holdings, the controlling shareholder, is expected to sell a portion of its JPB holdings in line with the repurchase.