Latest news with #Y1
Wall Street Journal
15-04-2025
- Business
- Wall Street Journal
JGBs Consolidate; Focus on U.S.-China Trade Conflict, 20-Year Auction
0013 GMT — JGBs consolidate in early Tokyo trade, with focus on U.S.-China trade conflict and today's auction of Y1 trillion in 20-year sovereign debt. The hardline stances of the U.S. and China are unlikely to suddenly soften, which means major stress for financial markets, SMBC Nikko Securities' Ataru Okumura says in a recent research report. Also, it's unclear whether the 20-year JGB auction will attract investors, the senior Japan rates strategist says. 'We advise keeping a lookout for increased volatility around the time of the auction,' Okumura adds. The five-year JGB yield is unchanged at 0.810%. (
Yahoo
11-03-2025
- Business
- Yahoo
Japan Post Bank stake sale raises $4bn in privatisation effort
Japan Post Holdings has raised Y592bn ($4bn) through the sale of Japan Post Bank shares, marking the largest stock sale in Japan since 2023, reported Bloomberg. This move is part of Japan Post's ongoing privatisation strategy, aiming to reduce its stake in the bank below 50%. The sale, priced at Y1,444 per share, marks a 2% discount from the previous closing price. The share sale, including an over-allotment option, involved 410 million shares, as stated in a finance ministry filing. As per a term sheet released last month, Japan Post had initially planned a discount range of 2% to 4% for the sale. Japan Post's decision to sell part of its bank unit shares is also intended to enhance the bank's management flexibility. The funds raised will be used for growth investments in logistics, improving shareholder returns, and enhancing capital efficiency. Goldman Sachs, JPMorgan Chase, Daiwa Securities, and Nomura Holdings were among the banks facilitating the sale. Japan Post Bank's recent financial performance showed mixed results. For the nine months ending 31 December 2024, ordinary income decreased by Y23.9bn year-on-year to Y1.91tn. However, interest income rose by Y228.3bn, reaching Y1.26tn. The bank's other operating income dropped by Y1.6bn to Y3.1bn. Ordinary expenses reduced by Y98.1bn to Y1.46tn, although interest expenses increased by Y96.7bn, amounting to Y607.3bn. General and administrative expenses decreased by Y9.7bn to Y689.6bn. Net ordinary income rose by Y74.1bn, reaching Y441.2bn, fulfilling 76.7% of the full-year earnings forecast. Net income attributable to the parent company increased by Y45.0bn, totalling Y308.3bn, achieving 77% of the full-year earnings forecast of Y400bn. "Japan Post Bank stake sale raises $4bn in privatisation effort " was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
