GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Japan Post Bank Co Ltd (OTCPK:JPSTF) » Definitions » Other Gross PPE

JPSTF (Japan Post Bank Co) Other Gross PPE


View and export this data going back to 2015. Start your Free Trial

What is Japan Post Bank Co Other Gross PPE?

Other Gross PPE does not apply to banks and insurance companies.


Japan Post Bank Co Business Description

Traded in Other Exchanges
Address
2-7-2 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8798
Japan Post Bank Co Ltd is the successor of the postal-savings system dating to the Meiji era. It was partially privatized in 2015, when the government sold to the public an 11% stake in parent company Japan Post Holdings, which in turn sold 11% stakes in Japan Post Bank and Japan Post Insurance to the public. Japan Post Bank is now 64% owned by Japan Post Holdings, which is majority owned by the government. The law requires Japan Post Holdings to divest itself of Japan Post Bank eventually. Japan Post Bank has 235 direct branches and also accepts deposits and sells investment products at more than 24,000 post offices across the country through a sales-agency agreement with Japan Post (an unlisted subsidiary of Japan Post Holdings).