Japan Post Holdings updated the market on its Buyback Plans this year. The ¥300bn buyback starts tomorrow with ¥105.7bn to be sold by the MOF. The rest will be bought on market. It has impact.
Boomeranged on Tue, 12 Sep 2023 20:06
JPH (6178 JP) today announced they had bought back 126.428mm shares for ¥132.118bn in from 15-31 August.
103.1mm shs in the ToSTNeT-3, and 23.35mm shs on market from 16-31 Aug.
That's 18.00% of volume traded - a higher-than-expected pace.
The JPH/JPB ratio looks more attractive as JPB (7182) climbs with other banks as the possibility of Offering-induced retail overhang increases.
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