Morningstar - Japan Post Bank Co. Ltd. (7182) Japan Post Banks large upside is limited by the mandate to maintain the Universal Postal Service.

Report

Morningstar

Mari Kumagai

EUR 101.80 For Business Accounts Only

Japan Post Bank's large upside is limited by the mandate to maintain the Universal Postal Service.

Japan Post Bankâ€™s, or JPB's, first-half business update reaffirms our thesis that the policy bank can improve its structural advantage from its unique status as the â€œretail investment bank.â€ JPB continues to benefit from the most comprehensive relationship with rural communities and the best-in-class invest returns from larger non-JGB portfolio or satellite portfolio seeking excess returns. The solid results, with predictable upswings from strong investment performance, do not affect our no-moat...

17/11/2017 13 EN

Underlying

Japan Post Bank Co. Ltd.

Japan Post Bank is a commercial banking group based in Japan. Co. is engaged in banking operations as a member of the Japan Post Group with total assets of Y209,568,820 million as of Mar 31 2017. Co.'s principal operations comprise deposit-taking, syndicated loans and other lending, securities investment, domestic and foreign exchange, retail sales of Japanese government bonds and investment trusts as well as insurance products, intermediary services including mortgages, and credit card operations. Co. provides its products and services through a nationwide network of approximately 23,826 post office. In addition Co. maintains a network of 234 banking branches.

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JP3946750001 Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Mari Kumagai

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Japan Post Bank's large upside is limited by the mandate to maintain the Universal Postal Service.

With a more favourable environment, JAPAN POST BANK improves to Positive

Morningstar | New Scheme for Post-Office Fees Could Help Japan Post Bank Cut Costs

Morningstar | New Scheme for Post-Office Fees Could Help Japan Post Bank Cut Costs. See Updated Analyst Note from 27 May 2019

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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