Press Release

May 15, 2024

Notice Concerning Revisions to the “Medium-term Management Plan (FY2022/3-FY2026/3)"

JAPAN POST BANK Co., Ltd. (Chiyoda-ku, Tokyo; Director, President and Representative Executive Officer KASAMA Takayuki; hereinafter “the Bank”) hereby announces that it has resolved at its Board of Directors meeting held today to revise its Medium-term Management Plan FY2022/3-FY2026/3 (hereinafter “Medium-term Management Plan”), which covers the period from the fiscal year ended March 31, 2022 to the fiscal year ending March 31, 2026.

The Bank has been promoting the five key strategies set forth in the Medium-term Management Plan and has succeeded in attaining positive results in the first three years of the plan, including achievement of the financial targets for FY2024/3 as planned and achievement of the financial targets for FY2026/3 ahead of schedule.
In parallel with these achievements, the business environment surrounding the Bank has been undergoing significant changes. The changes include rising interest rates in Japan and overseas; greater-than-expected advancements in the digitalization of society, such as the penetration of generative AI; and growing interest in the Bank’s actions to implement management that is conscious of cost of capital and stock price.
In light of these changes in the business environment, the Bank decided to revise its plan for the remaining two years of the Medium-term Management Plan, or FY2025/3-FY2026/3.
With regard to financial targets, the net income target for FY2026/3 has been revised upward to 400.0 billion yen or more, from 350.0 billion yen or more, which was the target set at the time the Medium-term Management Plan was initially formulated, and other major financial targets have been revised in a similar manner.
As for the business strategy, while maintaining the basic direction, the Bank will also look ahead to the next Medium-term Management Plan and revise the framework to focus on its strategies in three business domains — retail business, market business, and Σ (sigma) business (a corporate business for creating futures for societies and local communities through investment) — which leverage the Bank’s unique strengths, and accelerate the transformation to a sustainable business model by strengthening the management base that supports these strategies.
Through these efforts, the Bank aims to further enhance corporate value by continuously improving ROE while controlling the cost of shareholders’ equity.