Japan Post to sell down stake in Japan Post Bank in $7.3bn deal

Sale of over 1bn shares would lower parent's stake from 89% to about 60%

Japan Post plans to sell Japan Post Bank shares for the first time since November 2015.

Nikkei staff writers

February 27, 2023 15:51 JST

Updated on February 27, 2023 16:37 JST

TOKYO -- Japan Post plans to sell over 1 billion shares of its subsidiary Japan Post Bank in March, reducing its stake from 89% to about 60%. The sale could exceed 1 trillion yen ($7.3 billion). This will be the first sale of Japan Post Bank shares since November 2015.

Japan Post announced the deal on Monday afternoon, confirming an earlier Nikkei report.