Japan Post Group has released its financial results for the first six months of 2019 ended September 30, 2019. Japan Post Holdings reported revenues (stated as ordinary income in the company’s statements) of ¥*5.97bn, a year-on-year decrease of 4.8%. The Group reported an operating profit (stated as net ordinary income) of ¥403m, a year-on-year decrease of 3.2%.
In Japan Post Company’s Postal and Domestic Logistics business, revenue totalled ¥990.6bn, a year-on-year increase of 24.1%. Operating Profit (stated as net operating income) was ¥28.3bn a year-on-year increase of 33.1%. The increase was primarily due to a continuing increase in the volume of Yu-Packet handled and the impact of the revision of price per unit of parcels.
Revenues (stated as operating income) in the International Logistics business, Toll Holdings Limited, totalled ¥318.2bn a year-on-year decrease of 8.9%, owing to a slowing Australian economy. EBIT recorded a decrease of 8.6% to produce a loss of ¥4.7bn, this was primarily due to an increase in personnel expenses as a result of core inflation.
Source: Japan Post Group
*$=¥107 / €= ¥118
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