JAPAN POST BANK Co., Ltd. (TSE:7182) announces a share repurchase program. Under the program, the company will repurchase up to 90,000,000 shares, representing 2.40% of its share capital, for ¥80,000 million. The purpose of the program is to improve capital efficiency and strengthen shareholder returns, and at the same time, reduce the impact on the supply and demand of shares due to the sale of company's common stock announced in the secondary offering. The program will expire on May 12, 2023. As of February 27, 2023, the company had 3,749,475,020 shares in issue (excluding treasury stock) and 70,003 shares in treasury.

On February 28, 2023, the company corrected the shares in issue (excluding treasury stock) to 3,749,475,017 shares.