Japan Post Bank Co Ltd JPPTY

FinancialsBanking ServicesJapan

Last close 18.98 USD on Nov 1, 2026, +43.0% year to date

Quant rating

Quant rating B Rank 65 of 304 in Financials

Growth B 98 of 304
Valuation C 153 of 304
Quality B 86 of 304
Revisions B 68 of 304
Momentum C 125 of 304

Wall Street consensus Buy (2.08)Average target 22.52 USD +18.7%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 68.7B
Enterprise value: −95.5B
52-week range: 9.46 – 24.15
3-year range: 9.05 – 24.15
Dividend yield: 2.41%
Beta (5 years): –
Shares outstanding: 3,576M
Next earnings: Nov 13, 2026

About the company

JAPAN POST BANK Co.,Ltd. is a Japan-based company mainly engaged in banking business. It primarily engages in deposit business, lending business, securities investment business, exchange business, government bonds, investment trust and counter sales of insurance products, intermediary business as well as credit card business. The Bank's main businesses include fund management, financing, asset and liability management, as well as fee-based business.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	14,308	11,672	9,234	9,366	11,259	–
Revenue growth	22.6%	26.4%	−1.4%	−16.8%	4.0%	5.7%
EPS (basic, normalized)	0.93	0.76	0.65	0.66	0.77	–
EPS growth	21.3%	17.1%	−0.4%	−14.8%	13.6%	6.5%
Gross margin	–	–	–	–	–	–
Net margin	23.1%	23.7%	25.5%	26.1%	25.9%	24.9%
ROE	5.7%	4.4%	3.6%	3.2%	3.2%	4.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	17,346
Net debt (mil)	–
Total equity (mil)	56,826
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2026 actual	14,308	+22.6%	−6.7x	16.29	−11.2%	1.2x	0.93	+17.8%	20.5x
2027	11,431	−20.1%	−8.4x	16.89	+3.7%	1.1x	1.23	+32.8%	15.4x
2028	13,450	+17.7%	−7.1x	17.63	+4.4%	1.1x	1.54	+25.5%	12.3x
2029	15,161	+12.7%	−6.3x	18.55	+5.2%	1.0x	1.85	+20.0%	10.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	11,431	+1.0%	+2.5%	+5.6%	1.23	+0.3%	+3.4%	+10.4%
2028	13,450	+0.5%	+2.4%	+8.0%	1.54	0.0%	+0.8%	+9.5%
2029	15,161	+2.0%	+5.3%	+14.1%	1.85	+1.3%	+3.0%	+4.5%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	717,523	394,686	649,475	418,489	398,727	430,625	562,576	448,547	441,820	498,679
Sales mean (mil)	185,079	260,112	287,610	251,511	275,559	294,501	296,272	296,272	349,087	387,586
Surprise	+287.7%	+51.7%	+125.8%	+66.4%	+44.7%	+46.2%	+89.9%	+51.4%	+26.6%	+28.7%
EPS reported	25.67	26.61	35.00	23.65	29.34	29.29	37.92	38.41	41.50	49.85
EPS mean	21.49	25.48	24.16	27.20	25.80	28.85	34.59	30.97	35.99	41.20
Surprise	+19.5%	+4.4%	+44.8%	−13.0%	+13.7%	+1.5%	+9.6%	+24.0%	+15.3%	+21.0%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
JPPTY Japan Post Bank Co Ltd	68.7B	–	23.1%	42.58x	15.4x	12.3x	1.1x	1.1x
CHCJY China Citic Bank Corp Ltd	74.4B	–	23.5%	1.25x	113.3x	108.9x	10.0x	9.4x
BCS Barclays PLC	73.9B	–	17.1%	1.80x	8.0x	6.8x	0.8x	0.7x
LYG Lloyds Banking Group PLC	71.6B	–	13.6%	1.04x	9.5x	8.0x	1.2x	1.1x
BHKLY BOC Hong Kong Holdings Ltd	68.1B	–	–	–	–	–	–	–
NWG NatWest Group PLC	61.4B	–	21.3%	1.17x	7.9x	7.0x	1.1x	1.0x
Mean		–	19.7%	9.57x	30.8x	28.6x	2.9x	2.7x
Median		–	21.3%	1.25x	9.5x	8.0x	1.1x	1.1x

Technical analysis

1M−12.7%
3M−3.9%
1Y+91.5%
3Y+116.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Japan Post Bank Co Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Interest income	14,308	11,672	9,234	9,366	11,259	10,826
Total interest expense	6,228	5,423	4,615	3,450	1,863	2,178
Net interest income	8,080	6,248	4,618	5,916	9,396	8,647
Loan loss provision	1.1	−0.2	0.1	−0.2	0.9	−0.7
Net interest income after loan loss provision	8,079	6,248	4,618	5,916	9,395	8,648
Non-interest income	3,666	5,147	8,291	6,181	5,049	6,759
Non-interest expense	−6,967	−7,500	−9,644	−8,675	−10,362	−11,860
Net income before taxes	4,778	3,896	3,265	3,422	4,082	3,547
Provision for taxes	1,378	1,086	918	924	1,170	1,022
Minority interest & equity in affiliates	−88.3	−46.4	6.6	−49.7	6.9	5.4
Other	0	0	0	0	0	0
Net income before extraordinary items	3,312	2,763	2,354	2,448	2,919	2,531
Extraordinary items	–	–	–	–	–	–
Net income	3,312	2,763	2,354	2,448	2,919	2,531
Basic weighted average shares (mil)	3,573	3,615	3,618	3,743	3,749	3,749
Diluted weighted average shares (mil)	3,573	3,615	3,618	3,743	3,749	3,749
Basic EPS excluding extraordinary items	0.93	0.76	0.65	0.65	0.78	0.68
Basic EPS, normalized	0.93	0.76	0.65	0.66	0.77	0.68

Balance sheet in millions of USD, fiscal years

Balance sheet, Japan Post Bank Co Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & due from banks	342,447	431,071	381,498	513,768	547,984	548,957
Other earning assets	983,611	1,033,043	1,050,406	1,098,732	1,253,641	1,352,813
Net loans	27,541	20,871	45,254	42,197	36,503	42,374
Property, plant & equipment	1,110	1,280	1,311	1,435	1,586	1,790
Goodwill	–	–	–	–	–	–
Intangibles	616	677	579	585	441	436
Long-term investments	149	61.5	17.2	21.0	19.3	21.0
Other long-term assets	3,338	2,962	384	184	0.6	0.8
Other assets	68,770	67,897	66,438	71,990	74,624	75,928
Total assets	1,427,582	1,557,863	1,545,886	1,728,912	1,914,799	2,022,319
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	54.4	52.0	49.5	55.2	60.8	68.5
Total deposits	1,172,634	1,270,168	1,274,210	1,468,097	1,589,994	1,712,634
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	157,218	193,335	174,593	152,571	172,421	148,072
Current portion of long-term debt	1.4	0	0	0	0	0
Long-term debt	17,770	16,740	13,118	12,295	46,060	35,388
Minority interest	294	339	272	277	263	223
Other liabilities	21,559	16,941	19,756	23,209	21,583	23,222
Total liabilities	1,369,530	1,497,575	1,481,998	1,656,504	1,830,382	1,919,608
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	22,053	23,341	23,131	26,357	28,769	31,617
Additional paid-in capital	22,035	23,341	23,131	26,357	28,769	38,812
Retained earnings (accumulated deficit)	19,288	18,569	17,015	18,690	19,845	24,844
Treasury stock	−198	−42.6	−10.1	−185	−7.4	−11,751
Other equity	−5,126	−4,921	620	1,188	7,042	19,189
Total equity	58,052	60,288	63,888	72,408	84,417	102,711
Total liabilities & shareholders' equity	1,427,582	1,557,863	1,545,886	1,728,912	1,914,799	2,022,319

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Japan Post Bank Co Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	4,778	3,896	3,265	3,422	4,082	3,547
Depreciation, depletion & amortization	325	305	282	258	310	316
Deferred taxes	–	–	–	–	–	–
Non-cash items	−14,801	−9,127	−17,437	−15,964	−18,482	−12,868
Changes in working capital	−49,766	35,585	14,425	−21,572	77,096	94,200
Cash from operations	−59,463	30,659	536	−33,857	63,006	85,196
Investing activities
Capital expenditures	−268	−357	−416	−357	−375	−336
Other investing cash flows	−3,303	17,199	−67,512	48,082	−12,657	−1,904
Cash from investing	−3,571	16,842	−67,928	47,726	−13,032	−2,240
Financing activities
Financing cash flow items	−131	10.4	25.0	−35.5	49.0	134
Cash dividends paid	−1,315	−1,230	−1,211	−1,412	−1,541	−847
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−413	−168	−378	−707	−1.2	−2.0
Cash from financing	−1,859	−1,388	−1,564	−2,154	−1,493	−715
Foreign exchange effects	–	–	–	–	0.6	1.3
Net change in cash	−64,894	46,113	−68,957	11,715	48,481	82,242
Free cash flow	−59,732	30,301	120	−34,214	62,631	84,860

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.