Japan Post's financial results for the last year fell for the first time in four years due to a significant decrease in the handling of postcards and letters due to the stagnation of corporate activities due to the impact of the new coronavirus.
The financial results for the last year announced by the Japan Post Group on the 14th are:
▽ Ordinary income, which is sales
,
decreased by 1.9% from the previous year to 11,072.4 billion yen.
▽ Final profit decreased by 13.5% to 418.2 billion yen, the first decrease in four years.
While the number of packages for online shopping increased due to the influence of the new coronavirus, the main reason for this was that the handling of postcards and letters used as direct mail and international mail decreased significantly due to the stagnation of corporate activities.
In addition, the company has announced a five-year medium-term management plan from this year.
DX = Digital reform will streamline the business and reduce the labor force of 35,000 people for the entire group, thereby reducing costs by more than 240 billion yen.
On the other hand, for future growth, it plans to invest about 430 billion yen in IT-related businesses such as promotion of DX, about 500 billion yen in the real estate business, and about 550 billion to 1 trillion yen in new businesses.
President Hiroya Masuda said in an online interview, "We will do our utmost to restore the trust that has been severely damaged by the improper sales of Japan Post Insurance."