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Group ordinary profit surged 114.7 billion yen to 339.8 billion yen, driven by strong banking segment performance.
Japan Post Holdings reported a significant increase in group ordinary profit, up 114.7 billion yen year-on-year to 339.8 billion yen, driven by strong performance in the banking segment. Net profit attributable to shareholders rose by 48.7 billion yen to 125.3 billion yen. The international logistics segment saw revenue increase by 45.2 billion yen to 154.5 billion yen, while the real estate segment's profit rose by 4.1 billion yen to 9.6 billion yen. However, the postal and domestic logistics segment posted an operating loss of 5.6 billion yen, a deterioration of 6.1 billion yen, as mail volumes declined 4.0% year-on-year.
Group ordinary profit surged 114.7 billion yen to 339.8 billion yen, driven by strong banking segment performance.