Japan Post Group has released its financial results for their FY2018 ended March 31, 2019. Revenues decreased by 1.1% to ¥*12,774.9bn (FY2017: ¥12,920.4bn). Net ordinary income totalled ¥830.7bn, down 9.3% year-on-year (FY2017: ¥916.1bn).
Revenues for the Japan Post Company totalled ¥3,966.7bn, up 2% year-on-year (FY2017: ¥3,887.4bn). The business segment recorded a year-on-year increase in net ordinary income to ¥179.8bn, up 110.5% year-on-year (FY2017: ¥85.4bn).
Revenues (called “Operating Income” in the company’s accounts) in Japan Post Company’s Postal and Domestic Logistics business totalled ¥2,114.9bn, up 4.6% and net operating income totalled ¥121.3bn, up 189.4%. The volume of mail handled decreased by 2.6% year-on-year to 16,780.57m, the volume of Yu-Mail handled rose by 0.4% year-on-year to 3,650.42m and the volume of Yu-Pack handled increased by 7.6% year-on-year to 942.21m.
Revenues in the international Logistics business, Toll Holdings Limited, a consolidated subsidiary of Japan Post Company, totalled A$8,658m (about ¥700.6bn), up 5.4% at constant currencies, with net operating income (EBIT) totalling A$127m (about ¥10.3bn), up 5.9% at constant currencies. The division revised its organisational structure and worked to capture the logistics needs in high growth verticals such as healthcare. The segment recorded growth in all the three businesses of Global Logistics, Global Forwarding and Global Express.
Source: Japan Post Holdings
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