Japan Post Holdings Co. and its banking and insurance arms on Tuesday are set to file for simultaneous listings on the Tokyo Stock Exchange, Japan Post President Taizo Nishimuro said Friday.
Nishimuro said at a news conference that the state-owned behemoth decided on the filings at a shareholders meeting and subsequent board meeting earlier in the day.
If screenings go smoothly, Japan Post, Japan Post Bank and Japan Post Insurance Co. are expected to go public in October. The banking and insurance arms provide services through the nationwide postal network.