Japan Post Group announces financial results for H1

Japan Post 2020

Japan Post Holdings’ net income has increased from the same period last year by 23.9%, from ¥180m to ¥223m, in the six months ended September 30, 2018. Its ordinary income was down 1.66% from the same period last year, to ¥6.27bn. Net ordinary income also was down, by 1.14% to ¥415m.

In Japan Post Company’s Postal and Domestic Logistics business, revenue increased by ¥57.5bn, or 6.3% year-on-year, driven by the continuous expansion in operating income from Yu-Pack and Yu-Packet. The volume of Yu-Pack and Yu-Packet handled increased by 18.1% year-on-year for the six months ended September 30, 2018, while the pace of increase has slowed down recently. The volume of Yu-Mail handled increased slightly, although the volume of ordinary mail handled decreased by a small margin. It made a net operating loss of ¥4.7bn, representing an improvement of ¥33.2bn year-on-year due to a rise in revenue exceeding increases in personnel expenses and other expenses in operating expenses.

Toll international logistics business’ revenue increased by ¥4bn year-on-year owing to a continuous increase in operating income in the Global Logistics business. Its net operating income (EBIT) increased by 41.3% year-on-year due to a better performance in the Global Express business.

Source: Japan Post Group

*$= ¥113.2 /€=¥127.2