Japan Post Bank Sailing Through High Market Volatility With Solid 3Q Results
Japan Post Bank’s latest business update reaffirms our thesis that the policy bank can improve its structural advantage stemming from its unique status as the “retail investment bank.†For the nine-month period ended December 2017, net profits increased 26% to JPY 282 billion, tracking slightly above the market consensus estimate. Management retained its full-year guidance after already reaching 78% of our full-year forecasts of net profits and operating profits. Capital market trends remain the...
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