JAPAN POST HOLDINGS Co.,Ltd.
6178・Prime Market・Services
Postal & Logistics Business
Core segment operated by Japan Post covering postal, parcel delivery, and logistics services
| Period | Current | Previous | Change |
|---|---|---|---|
| Ordinary Revenue (Segment Total) | ¥2,308,351 million | ¥2,088,482 million | ↑ |
| Ordinary Loss | -¥5,494 million | -¥32,220 million | ↑ |
| Operating Revenue (Japan Post, Postal & Logistics Business) | ¥2,297,581 million | ¥2,080,881 million | ↑ |
| Operating Loss (Japan Post, Postal & Logistics Business) | -¥11,862 million | -¥38,377 million | ↑ |
Business Details
Centered on Japan Post Co., Ltd., this segment operates the postal business (domestic and international) under the Postal Act, logistics services such as parcel delivery (Yu-Pack/Yu-Packet) and mail services (Yu-Mail), and 3PL Services. It provides universal services to individual and corporate customers by leveraging a nationwide network of approximately 20,000 post offices. In April 2025, Tonami Holdings Co., Ltd. was made a consolidated subsidiary, advancing the segment's transformation into a comprehensive logistics company.
Recent Overview
Ordinary loss narrowed significantly due to rate revision effects and Tonami HD consolidation
In the Postal & Logistics Business segment for FY2026 (ending March 2026), ordinary revenue rose to ¥2,308,351 million (up ¥219,869 million year on year), driven by increased handling volumes of Yu-Pack/Yu-Packet and unit price improvements from the October 2024 rate revision. On the other hand, due to increases in personnel expenses and outsourced collection/delivery transportation costs, the ordinary loss narrowed significantly to ¥5,494 million (compared with an ordinary loss of ¥32,220 million in the prior period). Progress was also made toward becoming a comprehensive logistics company, including the consolidation of Tonami Holdings Co., Ltd. as a subsidiary (acquisition cost of ¥92,544 million, with a gain on negative goodwill of ¥8,808 million), the conclusion of a capital and business alliance agreement with Logisteed Holdings, and the expansion of joint operation routes with the Seino Group. Regarding the administrative sanctions related to the roll-call inspection deficiency case, a final administrative sanction notice was received for a light-vehicle business office on February 10, 2026, and a partial vehicle suspension order remains in effect.
Key Products
Growth Drivers
- Unit price improvement in postal revenue from the October 2024 postal rate revision (First-Class Regular Mail raised from ¥84 to ¥110)
- Increased handling volumes of Yu-Pack/Yu-Packet driven by e-commerce market expansion
- Strengthened trunk transportation capacity and transformation into a comprehensive logistics company through consolidation of Tonami Holdings Co., Ltd.
- Expansion of the logistics network through a capital and business alliance with Logisteed Holdings Co., Ltd. and others
- Resolution of driver shortages and improved transportation efficiency through expanded joint operation routes with the Seino Group
- Operational efficiency gains through DX promotion and revisions to products and services
Risks
- Increased outsourcing costs due to substitute arrangements resulting from administrative sanctions (suspension of use of vehicles of 1 ton or more and light vehicles) related to the roll-call inspection deficiency case
- Long-term decline in postal revenue due to the structural decrease in mail volume (progressing digitalization)
- Driver shortages, rising personnel costs, and increased outsourcing costs associated with the logistics industry's "2024 Problem"
- Postal & Logistics segment expected to post a decline in profit (ordinary loss of -¥96,000 million) in FY2027 (ending March 2027) due to declining mail volumes and other factors
- Outcome of damages claim litigation related to the suspension of collaboration with Yamato Transport
- Execution risk related to the integration and realization of synergies with Tonami Holdings Co., Ltd.
Last updated: June 18, 2026