Japan Post Insurance completes initial treasury stock buyback

Japan Post Insurance (TSE:7181) has announced the completion of the initial phase of its treasury stock acquisition, executed through the Off-auction Own Share Repurchase Trading system (ToSTNeT-3). The company acquired 10,652,400 shares of its common stock at a total value of JPY33,043,744,800 on March 31, 2025. As the total acquisition amount did not reach the maximum amount authorized by the board of directors at meetings held on November 14, 2024, and March 28, 2025, the insurer will commence open market purchases of an additional 1,073,500 shares up to a maximum total value of JPY1,956,255,200 on April 1, 2025. The company is authorized to repurchase up to 30,000,000 shares for JPY35,000,000,000 between November 15, 2024, and November 14, 2025. The purchases will be conducted so that JAPAN POST HOLDINGS Co., Ltd.'s share of voting rights in the company remains at or below 50%.