Japan Post Group announces Q1 2019 results

Japan Post 2020

Japan Post Group has released its financial results for Q1 2019 ended June 30, 2019. Japan Post Holdings reported revenues (stated as ordinary income in the company’s statements) of ¥*2,985.1bn, a year-on-year decrease of 5.5%. The Group reported an operating profit (stated as net ordinary income) of ¥202.2bn, a year-on-year decrease of 3.8%.

Revenues (stated as operating income) in the Japan Post Company’s Postal and Domestic Logistics business totalled ¥501.5bn, a year-on-year increase of 3.7%. Operating Profit (stated as net operating income) was ¥21.5bn a year-on-year increase of 6.6%. The increase was primarily due to the reduction of operating expenses in line with the volume handled.

Revenues (stated as operating income) in the International Logistics business, Toll Holdings Limited, a consolidated subsidiary of Japan Post Company, totalled ¥160.1bn a year-on-year decrease of 8.9%. EBIT recorded a decrease of 2.5% to produce a loss of -¥1.9bn, this was due to an increase in operating expenses, including an increase in unit personnel expenses and an increase in other expenses due to temporary factors.

Within the International Logistics business, the Global Logistics segment reported an increase in revenues. However, the segment was impacted by the deceleration of the Chinese economy and unable to offset the poor performance in the Global Forwarding, Global Express and Corporate businesses segments.

Source: Japan Post Group

*$=¥110/ €=¥125