Japanese holding company Japan Post closed the first half of its fiscal year, which ended in September, with an attributable net profit of 205.912 billion yen (1.435 billion euros), a decrease of 22.3 percent compared to the same period of the previous fiscal year, the company said Friday.
Revenues contracted 5.2 percent in the half-year to 5.450 trillion yen (37.975 billion euros). The life insurance business remained the firm’s main line of business, with revenue of 3.202 trillion yen (22,311 million euros), down 0.7 percent from the same period in 2021.
On its side, the parcel and courier division contracted by 3.8 percent to 1.251 trillion yen (8,717 million euros), and the banking services branch turned over 928,047 million yen (6,466 million euros), down 19.5 percent.
Group operating expenses between April and September were 3.827 trillion yen (26,666 million euros), up 4.2 percent, while personnel costs fell slightly to 1.195 trillion yen (8,326 million euros), down 2 percent.
