# Japan Post Bank (7182.JP)

Canonical: https://gigainvestors.com/s/7182.JP

Analysis as of: 2026-10-15T07:11:15.361Z. Financial observations: FY2016–FY2026.

Listing currency: JPY. Reporting currency: JPY.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: JPY 3,041.00 per share; close as of 2026-10-15.

Estimated value: low JPY 461.19 per share, central JPY 515.65 per share, high JPY 584.68 per share. Buy at or below the central value JPY 515.65 per share. Valuation as of 2026-10-15T07:11:15.361Z; scenarios are not confidence intervals.

Expected annual return: 3.0% at the stated quote. About 3.0% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; JP 10-year bond 2.9% + 4 points).

## Checklist

### understandable: pass

- Financial history: 10 years

- Profitable years in the last ten: 9

- Required profitable years: 9

- Return on common equity variation (informational): 0.28×

Chart: Net income; fiscal year observations.

- FY2017: JPY 0

- FY2018: JPY 353B

- FY2019: JPY 266B

- FY2020: JPY 273B

- FY2021: JPY 280B

- FY2022: JPY 355B

- FY2023: JPY 325B

- FY2024: JPY 356B

- FY2025: JPY 414B

- FY2026: JPY 526B

### moat: fail

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- median return on common equity below threshold

- return on tangible common equity below 5% in more than one year

- Bank / P&C ROTE, median of available years: 3.2%

- Required median return: 12.0%

- Return uses tangible common equity: Yes

- Bank ROTE, second-lowest year: 2.4%

- Years with reported combined ratio: 0

Chart: Return on tangible common equity; fiscal year observations.

- FY2017: 0.0%

- FY2018: 3.1%

- FY2019: 2.4%

- FY2020: 3.1%

- FY2021: 2.5%

- FY2022: 3.5%

- FY2023: 3.4%

- FY2024: 3.7%

- FY2025: 4.6%

- FY2026: 5.8%

### economics: fail

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- nonpositive book value in the compounding window

- Book return interval: 10 years

- Starting book value per share: JPY -9.97

- Ending book value per share: JPY 3K

### management: pass

- Tangible common book per share

- Parent-total proxy for preferred equity and common earnings

- Diluted shares, 10-year annual growth: -2.3%

- Diluted shares, 5-year annual growth: -1.0%

- Share growth excluding flagged crisis recapitalisations: -2.3%

- Five-year share growth excluding flagged crisis recapitalisations: -1.0%

- Flagged crisis recapitalisations: 0

- Book created / earnings retained after dividends and buybacks: 8.24×

- Book value created per share: JPY 3K

- Earnings retained per share after dividends and buybacks: JPY 310.83

Chart: Shares (first year = 100); fiscal year observations.

- FY2016: 100

- FY2017: 100

- FY2018: 83

- FY2019: 83

- FY2020: 83

- FY2021: 83

- FY2022: 83

- FY2023: 83

- FY2024: 80

- FY2025: 80

- FY2026: 79

### accounting: pass

- Financial accounting warning count: 0

- Loans, annualized growth: 5.6%

- Known restatement years: 0

## Holders

## Price story

The price assumes profits grow 8.6% a year forever · net income +26.9%

Story as of 2026-10-16T10:00:14.586Z; price observation 2026-10-15.

The price assumes profits grow 8.6% a year forever

### Net income · FY2026

net income +26.9%; source https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100Y9G1.pdf; observed 2026-06-18.

- FY2017: JPY 0 

- FY2018: JPY 353B 

- FY2019: JPY 266B 

- FY2020: JPY 273B 

- FY2021: JPY 280B 

- FY2022: JPY 355B 

- FY2023: JPY 325B 

- FY2024: JPY 356B 

- FY2025: JPY 414B 

- FY2026: JPY 526B 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in regional banking; annual sales are JPY 1.8 trillion.

- Source: https://eodhd.com/api/fundamentals/5JP.F.json#2026-03-31 (filed 2026-06-18); FY2026: revenue 1834500000000.

### Why customers stay

It earns 3.2% on shareholders’ money, excluding intangible assets.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); 10-year return on tangible equity observations [[2017,0],[2018,0.030759445052614322],[2019,0.02354325819079654],[2020,0.030565080925057733],[2021,0.024742527735425863],[2022,0.0347545024635595],[2023,0.034083830474385644],[2024,0.03717771986297402],[2025,0.04635225629444631],[2026,0.057656773134760614]]; median 0.03242163776349998. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back JPY 65.4 billion of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); Dividend observations: [[2017,187297000000],[2018,187409000000],[2019,187444000000],[2020,187553000000],[2021,93804000000],[2022,187471000000],[2023,187473000000],[2024,183180000000],[2025,184490000000],[2026,208778000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100Y9G1.pdf (filed 2026-06-18); FY2026: cash repurchases 65368000000 JPY.

### What the price says

The price assumes profits grow 8.6% a year forever.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-06-18); Price 3041; FX 1; original perpetual distributable cash 43.67344040947627; discount 0.1; growth 0.08563846089790324. Same book-value model and 4× ceiling; no ten-year operating fade applies. Closing-price date 2026-10-15.

## Monthly share-price history (JPY per share)

- 2016-11: JPY 1,349.00 per share

- 2016-12: JPY 1,403.00 per share

- 2017-01: JPY 1,375.00 per share

- 2017-02: JPY 1,408.00 per share

- 2017-03: JPY 1,381.00 per share

- 2017-04: JPY 1,387.00 per share

- 2017-05: JPY 1,374.00 per share

- 2017-06: JPY 1,438.00 per share

- 2017-07: JPY 1,418.00 per share

- 2017-08: JPY 1,400.00 per share

- 2017-09: JPY 1,390.00 per share

- 2017-10: JPY 1,431.00 per share

- 2017-11: JPY 1,427.00 per share

- 2017-12: JPY 1,467.00 per share

- 2018-01: JPY 1,473.00 per share

- 2018-02: JPY 1,466.00 per share

- 2018-03: JPY 1,428.00 per share

- 2018-04: JPY 1,488.00 per share

- 2018-05: JPY 1,361.00 per share

- 2018-06: JPY 1,290.00 per share

- 2018-07: JPY 1,341.00 per share

- 2018-08: JPY 1,298.00 per share

- 2018-09: JPY 1,343.00 per share

- 2018-10: JPY 1,317.00 per share

- 2018-11: JPY 1,326.00 per share

- 2018-12: JPY 1,210.00 per share

- 2019-01: JPY 1,267.00 per share

- 2019-02: JPY 1,243.00 per share

- 2019-03: JPY 1,209.00 per share

- 2019-04: JPY 1,223.00 per share

- 2019-05: JPY 1,112.00 per share

- 2019-06: JPY 1,094.00 per share

- 2019-07: JPY 1,058.00 per share

- 2019-08: JPY 968.00 per share

- 2019-09: JPY 1,047.00 per share

- 2019-10: JPY 1,082.00 per share

- 2019-11: JPY 1,060.00 per share

- 2019-12: JPY 1,050.00 per share

- 2020-01: JPY 1,016.00 per share

- 2020-02: JPY 964.00 per share

- 2020-03: JPY 997.00 per share

- 2020-04: JPY 999.00 per share

- 2020-05: JPY 890.00 per share

- 2020-06: JPY 802.00 per share

- 2020-07: JPY 786.00 per share

- 2020-08: JPY 853.00 per share

- 2020-09: JPY 821.00 per share

- 2020-10: JPY 831.00 per share

- 2020-11: JPY 822.00 per share

- 2020-12: JPY 847.00 per share

- 2021-01: JPY 904.00 per share

- 2021-02: JPY 1,014.00 per share

- 2021-03: JPY 1,064.00 per share

- 2021-04: JPY 999.00 per share

- 2021-05: JPY 931.00 per share

- 2021-06: JPY 933.00 per share

- 2021-07: JPY 930.00 per share

- 2021-08: JPY 963.00 per share

- 2021-09: JPY 960.00 per share

- 2021-10: JPY 889.00 per share

- 2021-11: JPY 928.00 per share

- 2021-12: JPY 1,055.00 per share

- 2022-01: JPY 1,127.00 per share

- 2022-02: JPY 1,014.00 per share

- 2022-03: JPY 985.00 per share

- 2022-04: JPY 982.00 per share

- 2022-05: JPY 985.00 per share

- 2022-06: JPY 1,055.00 per share

- 2022-07: JPY 1,063.00 per share

- 2022-08: JPY 1,014.00 per share

- 2022-09: JPY 1,009.00 per share

- 2022-10: JPY 990.00 per share

- 2022-11: JPY 1,051.00 per share

- 2022-12: JPY 1,128.00 per share

- 2023-01: JPY 1,154.00 per share

- 2023-02: JPY 1,176.00 per share

- 2023-03: JPY 1,083.00 per share

- 2023-04: JPY 1,085.00 per share

- 2023-05: JPY 1,041.00 per share

- 2023-06: JPY 1,124.00 per share

- 2023-07: JPY 1,183.00 per share

- 2023-08: JPY 1,168.50 per share

- 2023-09: JPY 1,301.00 per share

- 2023-10: JPY 1,399.50 per share

- 2023-11: JPY 1,459.50 per share

- 2023-12: JPY 1,436.00 per share

- 2024-01: JPY 1,535.50 per share

- 2024-02: JPY 1,597.50 per share

- 2024-03: JPY 1,621.50 per share

- 2024-04: JPY 1,603.50 per share

- 2024-05: JPY 1,553.00 per share

- 2024-06: JPY 1,519.50 per share

- 2024-07: JPY 1,575.50 per share

- 2024-08: JPY 1,364.00 per share

- 2024-09: JPY 1,338.00 per share

- 2024-10: JPY 1,372.00 per share

- 2024-11: JPY 1,416.00 per share

- 2024-12: JPY 1,494.50 per share

- 2025-01: JPY 1,610.50 per share

- 2025-02: JPY 1,507.50 per share

- 2025-03: JPY 1,506.00 per share

- 2025-04: JPY 1,461.00 per share

- 2025-05: JPY 1,555.50 per share

- 2025-06: JPY 1,555.00 per share

- 2025-07: JPY 1,695.00 per share

- 2025-08: JPY 1,863.00 per share

- 2025-09: JPY 1,814.50 per share

- 2025-10: JPY 1,728.00 per share

- 2025-11: JPY 1,877.50 per share

- 2025-12: JPY 2,209.00 per share

- 2026-01: JPY 2,740.00 per share

- 2026-02: JPY 3,061.00 per share

- 2026-03: JPY 2,517.50 per share

- 2026-04: JPY 2,689.00 per share

- 2026-05: JPY 3,069.00 per share

- 2026-06: JPY 3,063.00 per share

- 2026-07: JPY 3,111.00 per share

- 2026-08: JPY 3,405.00 per share

- 2026-09: JPY 3,502.00 per share

- 2026-10: JPY 3,113.00 per share

## Annual estimated value (JPY per share)

- FY2022: low JPY 364.01 per share, central JPY 405.19 per share, high JPY 456.87 per share

- FY2023: low JPY 399.65 per share, central JPY 445.24 per share, high JPY 502.56 per share

- FY2024: low JPY 449.34 per share, central JPY 501.79 per share, high JPY 568.10 per share

- FY2025: low JPY 689.17 per share, central JPY 758.09 per share, high JPY 842.32 per share

- FY2026: low JPY 461.19 per share, central JPY 515.65 per share, high JPY 584.68 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original EDINET filing](https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100Y9G1.pdf); period 2026-03-31, filed 2026-06-18.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations