Japan Post announces financial results for the nine months ended December 31, 2017

Japan Post 2020

For the nine months ended December 31, 2017 Japan Post Holdings produced ordinary income of ¥9,736bn, representing a 2.5% increase year-on-year. It reported net ordinary income of ¥737.6bn, up 27%.

Revenue growth was driven by a continuous increasing trend in volume of Yu-Pack and Yu-Packet handled (25.0% increase year-on-year) as a result of the vitalization of the Electronic Commerce market.

Operating income from standard mail increased as affected by the revision in postage fees, reaching ¥1,510bn.  Net operating income rose by ¥26.7bn year-on-year to ¥28.9bn due to a rise in operating income exceeding the increase in expenses such as personnel expenses and collection, transport and delivery outsourcing expenses.

Operating income from Toll increased by A$218m year-on-year due to the increase in operating income mainly in the Global Logistics business which saw a ¥54.3bn increase in Japanese yen terms, driven by the Japanese yen depreciation. In total, operating revenue from the International Logistics segment reached ¥533bn for the nine months ended December 2017.

Net operating income (EBIT) for the nine months ended December 31, 2017 was A$100m for Toll, representing an increase of A$17m year-on-year. EBIT increased along with operating income year-on-year.

Source: Japan Post