UNOFFICIAL TRANSLATION
Although the Company pays close attention to provide English translation of the information disclosed in Japanese, the Japanese original prevails over its English translation in the case of any discrepancy.
IR Material
July, 2025
JAPAN POST HOLDINGS
（Security Code ： 6178）
Contents
01
02
Executive Summary 2
Appendix 9
Executive Summary
Plus
JP Vision 2025+ - Major Targets
In FY2024, consolidated net income attributable to Japan Post Holdings was ¥370.5 billion, well above the initial forecast.
In FY2025, we aim to achieve an ROE of 4.6% and consolidated net income attributable to Japan Post Holdings of ¥380.0 billion, exceeding the targets set in JP Vision 2025+.
Major targets for FY2025
set out in JP Vision 2025+
ROE of 4%
or higher*
Consolidated net income
Net income attributable to
of ¥570.0 billion
※
Japan Post Holdings of ¥360.0 billion
早期に当社の株主資本コスト５％程度を上回ることを目指す。
* We aim to exceed our cost of equity of approx. 5% as soon as possible.
Forecast of consolidated net income268.6
360.0
e
447.4
570.0
4.6%
ROE
3.0%
599.4
4.4%
700.0
4.0%
Consolidated net incom
Consolidated net income
attributable to Japan Post Holdings*1
370.5 380.0
FY2023 FY2024 FY2025 JP Vision 2025+
*1 Net income attributable to Japan Post Holdings is calculated based on the shareholding ratio of Japan Post Bank shares being 61.5% for FY2023 and FY2024, 49.9% for FY2025, and 49.8% for Japan Post Insurance.
Shareholder Return
We plan to pay an annual dividend of ¥50 per share consisting of an interim and year-end dividend - twice-a-year dividend - also this fiscal year, in accordance with the Medium-term Management Plan.
In FY2024, we implemented share repurchases totaling ¥350.0 billion. For FY2025, we have decided on share repurchases of
¥250.0 billion, which, together with the annual dividend of ¥50 per share, are expected to result in a total shareholder return ratio of around 100% (to commence after the transfer of capital becoming effective).
* In accordance with Article 11 of the Act on Japan Post Holdings Co., Ltd., payment of dividends from retained earnings or other appropriation of retained earnings(excluding disposition of loss) of Japan Post Holdings shall not be effective without the approval of the Minister for Internal Affairs and Communications.
Continue a stable annual dividend of ¥50 per share consisting of an interim and year-end dividend
Dividend policy
Continuously perform substantial share repurchases to further enhance shareholder returns and improve capital efficiency
Share repurchase
▌ Shareholder return policy (during the period of JP Vision 2025+ (until FY2025))
▌ Shareholder return
Consolidated net income attributable to Japan Post Holdings (Billions of Yen)
Dividend per share (Yen)
(Billions of Yen)
501.6
431.0
370.5
380.0
268.6
50 50 50 50 50
*1
350.0
200.0
300.0
350.0
250.0
183.1
173.0
163.0
151.7
Approx. 140.0*2
FY2021 FY2022 FY2023 FY2024 FY2025
Dividend payout ratio 37.9% 41.4% 62.3% 41.9% Approx. 37%
Total shareholder return ratio
106.3% 86.5% 172.3% 135.4% Approx. 100%
*1 Including 4.5 billion yen acquired in April 2022
*2 Dividend total, dividend payout ratio, and total shareholder return ratio in FY2025 take into account a decrease of dividend payment when performing share repurchases of ¥250.0 billion.