The government has decided to sell the shares of Japan Post Holdings, which will be sold soon, at 820.6 yen per share in order to use it to finance the reconstruction of the Great East Japan Earthquake.

Together with the past sales, it is expected to secure about 4 trillion yen, which was originally planned.

On the 6th of this month, the government announced that it would sell an additional 1 billion shares, which is about 27% of the total number of issued shares of Japan Post Holdings, in order to finance the reconstruction of the Great East Japan Earthquake.



Regarding this, the Ministry of Finance announced that the selling price of the shares will be 820.6 yen per share based on the closing price on the 25th.



The sale is expected to generate approximately 836.7 billion yen in revenue for the government.



Combined with the amount sold so far, it will be 3,896.1 billion yen, and it is expected to secure about 4 trillion yen, which was originally planned.



The sale will reduce the government's ownership ratio to nearly one-third of the lower limit required by the Postal Service Privatization Law, which will break the privatization, but Japan Post Insurance has an inappropriate sales problem with Japan Post Insurance. There are many management issues such as what happens, and the question is how to establish governance.



The shares of Japan Post Holdings to be sold will be accepted for purchase from general investors through a securities company for two days on the 26th and 27th, and the sale is scheduled to be completed on the 29th of this month.