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

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


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