Japan Post Holdings

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Japan Post Holdings Co., Ltd.
Public KK
Traded as TYO: 6178
Industry Conglomerate
Founded January 23, 2006
Headquarters Kasumigaseki, Chiyoda, Tokyo, Japan
Key people
Masatsugu Nagato
(President and CEO)
Products Mail delivery, post offices, banking, life insurance, insurance, courier
Services Financial services
Revenue US$ 129.686 billion (2014)[1]
US$ 4.390 billion (2014)[1]
Total assets US$ 2.467 trillion (2014)[1]
Total equity US$ 120.87 billion (2011)[2]
Owner Government of Japan (80.49%)
Number of employees
229,421 (2015)[2]
Subsidiaries Japan Post
Japan Post Bank
Japan Post Insurance
Toll Holdings
Website japanpost.jp/en/

Japan Post Holdings Co., Ltd. (日本郵政株式会社, Nippon Yū-sei Kabushiki-gaisha) is a Japanese publicly traded, state-owned conglomerate headquartered in Kasumigaseki, Chiyoda, Tokyo. It is mainly engaged in postal and logistics business, financial window business, banking business and life insurance business. The company offers letters and goods transportation services, stamp sales, deposits, loans, and insurance products.[3][4]

On November 4, 2015, Japan Post Holding (TYO: 6178) was listed on the Tokyo Stock Exchange as part of a "triple IPO" (Initial Public Offering) with shares offered as well in Japan Post Bank (TYO: 7182) and Japan Post Insurance (TYO: 7181).[5] About 10% of the shares in each company was offered.[5]

As of September 2017, Japan Post had 24,000 offices and 400,000 employees.[6] Masatsugu Nagato is the president and CEO.[7]

History[edit]

The company was founded on 23 January 2006,[8] although it was not until October 2007 that it took over the functions of Japan Post.

There were plans to fully privatize the company, but these have been put on hold.[3] As of 2013, it ranked thirteenth in the Fortune Global 500 list of the world's largest companies.[9]

On April 25, 2017, Japan Post Holdings said it would have a Y40bn ($360m) loss for its first full financial year as a listed company, due to losses from Toll Holdings, which it controversially acquired in 2015.[10]

In September 2017, the Japanese government announced its sale of $12 billion worth of Japan Post Holdings Co. Ltd. stock. It was the first sale since the 2015 IPO of the postal company and its two units, Japan Post Bank Co. Ltd. and Japan Post Insurance Co. Ltd.. That sale also raised $12 billion, which was used for the repair and reconstruction of places that were destroyed by an earthquake and tsunami in 2011.[6]

Operating companies[edit]

The group operates via five main divisions:[11]

See also[edit]

References[edit]

  1. ^ a b c "Global 500 2014". Fortune. 31 March 2014. Retrieved 25 October 2014.
  2. ^ a b "Japan Post Group Annual REPORT 2011" (PDF). Japan Post Holdings. 31 March 2011. Retrieved 25 October 2014.
  3. ^ a b "Japan Post Holdings". Global 500. Fortune. Archived from the original on 6 December 2010. Retrieved 31 December 2010.
  4. ^ "About Japan Post Archived 2010-04-12 at the Wayback Machine.." Japan Post Holdings. Retrieved on April 24, 2010.
  5. ^ a b "Japan Post firms make bumper debut after $12 billion triple IPO". Reuters. November 4, 2015. Retrieved 11 August 2018.
  6. ^ a b Uranaka, Taiga. "Japan to sell $12 billion of Japan Post Holdings, growth potential..." U.S. Retrieved 2018-08-19.
  7. ^ Goh, Melissa (2018-07-19). "As Japan grows 'so-so,' one of its largest companies looks for international expansion". CNBC. Retrieved 2018-08-19.
  8. ^ "Corporate Profile". Japan Post Holdings. 1 July 2010. Retrieved 31 December 2010.
  9. ^ "Japan Post Holdings". Fortune Global 500. 2013. Archived from the original on 2013-12-11.
  10. ^ Lewis, Leo (April 25, 2017). "Japan Post warns of losses after blow from Toll". Financial Times. Retrieved April 30, 2017.
  11. ^ "Index of Postal Freedom: Japan". Consumer Postal Council. Retrieved 31 December 2010.

External links[edit]