Japan Post Group's financial results for the six months to September are expected to be final profits due to the improvement in profits of the international logistics business due to the global economic recovery from the Corona disaster. It exceeded the same period of the year by nearly 50%.
The group's financial results for the six months to September, announced by the Japan Post Group, showed ordinary income of 5,750.7 billion yen, an increase of 2% from the same period of the previous year.
The final profit was 265.1 billion yen, an increase of 48.2% from the previous year, resulting in higher sales and profits.
This is due to the fact that the profits of the international logistics business have improved significantly due to an increase in the amount handled and the unit price has risen amid the continuing shortage of container ships, and the investment profit of Japan Post Bank has risen globally. In addition, due to the large increase in distributions from investee funds, etc., it is in the form of a global economic recovery from the Corona disaster.
As a result, the Japan Post Group has revised its earnings forecast for the current fiscal year to a final profit of 480 billion yen, which is more than 40% higher than the previous forecast.
On the other hand, Japan Post Insurance, which had a problem of inappropriate sales, has been slow to recover new contracts and its business performance has deteriorated, and the recovery of trust continues to be an issue.