Japan Post Insurance: Notice Regarding the Acquisition of Own Shares through the Non-Auction Own Share Repurchase System (ToSTNeT-3)

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OFFICIAL TRANSLATION

Although Japan Post Insurance pays particular attention to providing an English translation of information disclosed in Japanese, the original Japanese shall prevail over its English translation in the event of any discrepancy.

August 10, 2022

Company name: JAPAN POST INSURANCE Co., Ltd.

Representative: SENDA Tetsuya, Director and President, Chief Executive Officer, Executive Representative

Stock exchange listing: Prime Market of the Tokyo Stock Exchange (code number: 7181)

Notice regarding the acquisition of own shares through the own auction

Share Repurchase System (ToSTNeT-3)

JAPAN POST INSURANCE Co., Ltd. (hereinafter the “Company”) hereby announces that it has determined the specific method and details of the acquisition of its own shares (ordinary shares of the Company) resolved at a meeting of the Board of Directors held on August 10, 2022 in accordance with Article 156, paragraph 1 of the Company Law based on Article 39, paragraph 1 of the Articles of Association of the Company in accordance with Article 459, paragraph 1, point 1 of the same law , as described below.

1. Method of acquisition

The Company will purchase its treasury shares at the closing price (reflecting the final requested quotations) of 2,068 yen from today (August 10, 2022) through the treasury share buyback trading system outside auction (ToSTNeT-3) of the Tokyo Stock Exchange, Inc. at 8:45 a.m. beginning on August 12, 2022 (no changes to the trading method or trading time will be made). This buy order will only be valid at the trading time mentioned above.

2. Acquisition details

  1. Class of shares to be acquired: Ordinary shares of the Company
  2. Total number of shares to be acquired: 16,924,500 shares (maximum)
    (Ratio of the total number of shares to be acquired over the total number of shares issued (excluding treasury shares): 4.2%)
  3. Total amount of shares to be acquired: 34,999,866,000 yen (maximum)
  4. Announcement of the result of the acquisition of shares: the result of the acquisition of shares will be announced after the close of trading at 8:45 a.m. on August 12, 2022.
    (Note 1) There will be no change in the number of shares to be acquired. In addition, the Acquisition may not be completed, in part or in whole, depending on market trends and other factors.
    (Note 2) The purchase must be made with a sell order equivalent to the number of shares to be purchased.

The Company has been informed by JAPAN POST HOLDINGS Co., Ltd. that it will place a sell order for 8,462,200 ordinary shares of the Company in response to this acquisition of treasury shares through the non-auction treasury share buyback system (ToSTNeT -3).

In the event that the total amount of acquisition of the Company’s own shares through the non-auction own share buyback system (ToSTNeT-3) does not reach the maximum total amount of shares to be acquired as decided at the meeting of the Board of Directors held on August 10, 2022, the Company plans to begin the acquisition of its own shares by negotiation on the auction market from the 15th of the same month, up to the amount obtained by deducting the total acquisition amount of the shares acquired under the Off- auction System of repurchase of own shares (ToSTNeT-3).

However, the actual acquisition amount may be significantly less than the above amount because the acquisition will be made such that the voting power ratio of the Company’s shares held by JAPAN POST HOLDINGS Co., Ltd. be maintained at 50% or less when making market purchases by trading in the auction market.

We will promptly notify you of the decision as soon as it is made.

(Reference)

Details of the resolution of the Board of Directors of August 10, 2022 concerning the acquisition of own shares

  1. Class of shares to be acquired: Ordinary shares of the Company
  2. Total number of shares to be acquired: 30,000,000 shares (maximum)
    (Ratio of the total number of shares to be acquired over the total number of shares issued (excluding treasury shares): 7.5%)
  3. Total amount of shares to be acquired: 35,000,000,000 yen (maximum)
  4. Vesting period: From August 12, 2022 to March 31, 2023
  5. Mode of acquisition: Purchases through the Non-auction treasury buyback trading system (ToSTNeT-3) and trading on the auction market of the Tokyo Stock Exchange, Inc.
  6. In addition to the matters described above, all matters required for the acquisition of own shares will be determined at the sole discretion of the president, chief executive officer, management representative of the Company or a person appointed by the president, chief executive, representative of the management of the company.

Disclaimer

Japan Post Insurance Co.Ltd. published this content on August 10, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 10, 2022 08:25:43 UTC.

Public now 2022

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Sales 2023 6,038B
45,196M
45,196M
Net income 2023 84,485 million
632M
632M
Net debt 2023

PER 2023 ratio 10.0x
2023 return 4.42%
Capitalization 826B
6,181M
6,181M
capi. / Sales 2023 0.14x
capi. / Sales 2024 0.14x
# of employees 8,144
Floating 49.3%

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Medium consensus SURPASS
Number of analysts 11
Last closing price ¥2,111.00
Average target price ¥2,351.82
Average Spread / Target 11.4%


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