Japan Post Bank completes share buyback, cancels stock

Japan Post Bank (TSE:7182) has completed its previously announced share buyback program through off-auction trading (ToSTNeT-3), acquiring 13,266,900 shares for approximately ¥19.99 billion. As a result, the bank has decided to cancel these shares on March 12, 2025. These moves are aimed at improving capital efficiency, strengthening shareholder returns, and mitigating the impact of a secondary offering of the bank's common stock. The total number of shares to be offered in the secondary offering has been adjusted to 356,497,400.