Japan Post Holdings Co., Ltd. · TSE:6178
Japan Post — FY2019 Earnings Presentation
36 slides from Japan Post's earnings presentation, May 22, 2019
Slide 1: For the Fiscal Year Ended March 31, 2019 Results Briefing
For the Fiscal Year Ended March 31, 2019 Results Briefing May 22, 2019
Slide 2: Contents
Contents Summary of the Fiscal Year Ended March 31, 2019 Results P2 Financial Results Overview for the Fiscal Year Ended March 31, 2019 P4 Financial Results Forecast for the Fiscal Year Ending March 31, 2020 P16 Japan Post Co. Business Initiatives P18 APPENDIX P26 Copyright © JAPAN POST GROUP. All R
Slide 3: Summary of the Fiscal Year Ended March 31, 2019 Results
Summary of the Fiscal Year Ended March 31, 2019 Results Japan Post Holdings (consolidated) posted net income of ¥479.4 billion for the fiscal year ended March 31, 2019, which was ¥18.7 billion above the forecast. Results for Japan Post Co., Japan Post Bank, and Japan Post Insurance were also above
Slide 4: Profit Forecast of Medium-Term Management Plan 2020 / Results of FY 2019/3 and Forecast
Profit Forecast of Medium-Term Management Plan 2020 / Results of FY 2019/3 and Forecast for FY 2020/3 ⇑ Copyright © JAPAN POST GROUP. All Rights Reserved. 3
Slide 5: Financial Results Overview for the Fiscal Year Ended March 31, 2019
Financial Results Overview for the Fiscal Year Ended March 31, 2019 Copyright © JAPAN POST GROUP. All Rights Reserved. 4
Slide 6: Japan Post Holdings: Financial Highlights
Japan Post Holdings: Financial Highlights Results of Operations for the Fiscal Year Ended March 31, 2019 (Billions of yen) Japan Post Holdings (Consolidated) Japan Post Co. Japan Post Bank Japan Post Insurance (Consolidated) (Consolidated) (Consolidated) Ordinary income 12,774.9 3,966.7 1,845.4 7,
Slide 7: Japan Post Co. [Postal and Domestic Logistics Business]: Financial Results
Japan Post Co. (Consolidated) [Postal and Domestic Logistics Business]: Financial Results The volume of Yu-Pack* handled increased by 7.6% year-on-year for the fiscal year ended March 31, 2019 (a decrease of 2.0% for the three-month period from January to March 2019). The volume of Yu-Mail handled
Slide 8: Japan Post Co. [Post Office Business]: Financial Results
Japan Post Co. (Consolidated) [Post Office Business]: Financial Results Operating income remained nearly at the same level as the previous fiscal year, thanks to increases in postal service commissions and banking commissions resulting from increases in acceptance and sales at post offices, and a
Slide 9: Japan Post Co. [International Logistics Business]: Financial Results of Toll
Japan Post Co. (Consolidated) [International Logistics Business]: Financial Results of Toll Operating income increased by A$447 million year-on-year (an increase of 5.5% year-on-year) for the International Logistics Business, owing to an increase in all of the three businesses of Global Logistics,
Slide 10: Japan Post Co. (Consolidated): Financial Highlights
Japan Post Co. (Consolidated): Financial Highlights Operating income increased by ¥78.7 billion year-on-year (an increase of 2.0% year-on-year) to ¥3,960.6 billion due to an expansion in operating income from parcel field in the postal and domestic logistics business. Net operating income increa
Slide 11: Japan Post Bank (Non-consolidated): Financial Highlights
Japan Post Bank (Non-consolidated): Financial Highlights Results of Operations for the Fiscal Year Ended March 31, 2019 Overview (Billions of yen, %) Gross operating profit (non-consolidated) for the fiscal year For the fiscal year ended Year-on-year ended March 31, 2019 decreased by ¥135.3 billio
Slide 12: Japan Post Bank (Non-consolidated): Business Results
Japan Post Bank (Non-consolidated): Business Results Deposit Balance Net Fees and Commissions (Trillions of yen) (Billions of yen) 190 150.0 180.9 96.4 106.7 179.4 179.8 86.6 180 177.7 177.8 100.0 170 50.0 160 0.0 Mar. 31, 2015 Mar. 31, 2016 Mar. 31, 2017 Mar. 31, 2018 Mar. 31, 2019 2017 2018 2019 (
Slide 13: Japan Post Bank (Non-consolidated): Status of Investment Assets
Japan Post Bank (Non-consolidated): Status of Investment Assets (Billions of yen) As of As of Composition Composition Mar. 31, ratio (%) Mar. 31, ratio (%) Change 2019 2018 Short-term Securities 137,135.2 66.5 139,201.2 67.0 (2,065.9) investments and others Japanese government 4.3% bonds 58,356.5 28
Slide 14: Japan Post Insurance (Consolidated): Financial Highlights
Japan Post Insurance (Consolidated): Financial Highlights Results of Operations for the Fiscal Year Ended March 31, 2019 Overview (Billions of yen, %) For the fiscal year ended Year-on-year Mar. 31, 2019 Mar. 31, 2018 change Ordinary profit (consolidated) for the fiscal year ended March 31, 2019 d
Slide 15: Japan Post Insurance (Consolidated): Status of Insurance Policies
Japan Post Insurance (Consolidated): Status of Insurance Policies New Policies Annualized Premiums from New Policies Annualized Premiums from New Policies Number of New Policies (Individual Insurance) (Medical Care) (Individual Insurance) (Billions of yen) (Billions of yen) (Policies in thousands) 6
Slide 16: Japan Post Insurance (Consolidated): Status of Investment Assets
Japan Post Insurance (Consolidated): Status of Investment Assets (Billions of yen) As of As of Composition Composition Mar. 31, ratio (%) Mar. 31, ratio (%) Change 2019 2018 Securities 58,451.5 79.1 60,130.9 78.3 (1,679.3) Money held in trust Japanese 3.8% government bonds 38,041.4 51.5 39,589.8 51.
Slide 17: Financial Results Forecast for the Fiscal Year Ending March 31, 2020
Financial Results Forecast for the Fiscal Year Ending March 31, 2020 Copyright © JAPAN POST GROUP. All Rights Reserved. 16
Slide 18: Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020
Japan Post Holdings: Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2020 (Billions of yen) Net Net Background on the consolidated financial results forecast ordinary Year-on-year Year-on-year income and key initiatives for the fiscal year ending March 31, 2020 income ch
Slide 19: Japan Post Co. Business Initiatives
Japan Post Co. Business Initiatives Copyright © JAPAN POST GROUP. All Rights Reserved. 18
Slide 20: Japan Post Co. (Consolidated) Major Initiatives in FY 2019/3
Japan Post Co. (Consolidated) Major Initiatives in FY 2019/3 Enhancing transport and delivery leveraging cutting-edge technology MAR Drone Delivery robot Automated driving FEB In FY2019/3, trials were conducted for drones and Improvement in Yu-Pack services <2> delivery robots in Fukushima Pref. (Mi
Slide 21: Postal and Domestic Logistics Business: Quarterly Volume Trend and Unit Price
Japan Post Co. (Consolidated) Postal and Domestic Logistics Business Quarterly Volume Trend and Unit Price Original Yu-Pack Yu-Packet Except Yu-Packet Millions of Items Millions of Items 200.0 200.0 180.0 180.0 160.0 160.0 140.0 140.0 120.0 120.0 100.0 100.0 80.0 80.0 60.0 60.0 40.0 40.0 20.0 20.0 0
Slide 22: Sales Commission: Post Office Business
Japan Post Co. (Consolidated) Post Office Business Securing Stable Income from Japan Post Bank and Japan Post Insurance On December 1, 2018, amendments to the Act on the Management Organization for Postal Savings and Postal Life Insurance took effect. From April 2019, the portion of expenses tha
Slide 23: Post Office Business: Securing Further Income
Japan Post Co. (Consolidated) Post Office Business Securing Further Income Third-party Financial Product Agency Services Merchandising Business Operating Income billions of yen Operating Income billions of yen 25 150 20 100 15 20.5 22.9 137.9 134.0 128.4 10 15.2 50 5 0 0 FY2017/3 FY2018/3 FY2019/3 F
Slide 24: Post Office Business: Securing Further Income (Real Estate)
Japan Post Co. (Consolidated) Post Office Business Securing Further Income Real Estate Business Diverting Former Company Housing Sites billions of yen Operating Income Constructed facilities for the elderly, nursery schools and rental houses in Tokyo 35.0 Japan Post Co. has been engaged in the real
Slide 25: Establishment of JP TOLL LOGISTICS Co., Ltd.
Japan Post Co. International Logistics Business Establishment of JP TOLL LOGISTICS Co., Ltd. We established a new company called JP TOLL LOGISTICS Co., Ltd. on October 1, 2018. JP TOLL is going to offer integrated international logistic services mainly to the customers in Japan. 1 Trade Name JP TOLL
Slide 26: Japan Post Co. (Consolidated) FY2020/3 Policy
Japan Post Co. (Consolidated) FY2020/3 Policy Develop services addressing changes in the business environment to strengthen postal and logistics functions and the post office network with thorough compliance Expand revenue through products and services that respond to the Postal and Domestic expandi
Slide 27: Appendix
Copyright © JAPAN POST GROUP. All Rights Reserved. 26
Slide 28: Management Structure of Japan Post Group
Management Structure of Japan Post Group The Government of Japan Shareholding ratio Obligated to hold more than 1/3 Approximately 56.9%¹ [The Postal Service Privatization Act] Japan Post Holdings Japan Post Holdings shall aim to dispose of all of its shares in Japan Post Bank and in Japan Post Insur
Slide 29: Japan Post Group: Organization Chart
Japan Post Group: Organization Chart As of Mar. 31, 2019 Notes: 1. Affiliates accounted for by the equity method 2. Including its consolidated subsidiaries Copyright © JAPAN POST GROUP. All Rights Reserved. 28
Slide 30: Japan Post Co. (Consolidated): Quarterly Consolidated Statements of Income
Japan Post Co. (Consolidated): Quarterly Consolidated Statements of Income (Billions of yen) For the three-month For the three-month For the three-month For the three-month For the three-month For the three-month For the three-month For the three-month Year-on-year Year-on-year Year-on-year Year-on-
Slide 31: Postal and Domestic Logistics Business: Quarterly Trends in Income and Net Income
Japan Post Co. (Consolidated) Postal and Domestic Logistics Business Quarterly Trends in Income and Net Income Operating Income Net Operating Income(loss) billions of yen billions of yen 100 91.7 600 80 66.8 500 60 45.0 400 40 34.4 20 14.8 12.9 300 9.8 0 200 (5.8) (20) (6.4) (19.6) 100 (31.4) (40) (
Slide 32: Postal and Domestic Logistics Business: Quarterly Trends in Costs
Japan Post Co. (Consolidated) Postal and Domestic Logistics Business Quarterly Trends in Costs Personnel expenses Other expenses billions of yen billions of yen 320 320 280 280 240 240 200 200 160 160 120 120 80 80 40 40 0 0 FY2017/3 FY2018/3 FY2019/3 FY2017/3 FY2018/3 FY2019/3 FY2017/3 FY2018/3 FY2
Slide 33: Regulations under the Postal Act
Regulations under the Postal Act Regulations concerning postage charges Level of services for universal coverage Postage charges (Postal Act, Article 3) Installation of "posts" (mailboxes) as an easy way to drop off mail at any time Charges for postal services must be based on efficient management <
Slide 34: Strategic Alliance Based on Capital Relationship with Aflac
“Strategic Alliance Based on Capital Relationship” with Aflac The Strategic Alliance’s Three Pillars (1) Capital Relationship Japan Post Holdings will acquire through a trust approximately 7% of Aflac Incorporated outstanding common shares (Four years after acquisition of the shares, Japan Post Hold
Slide 35: Notes
[Notes]
Slide 36: For inquiries about this document, please contact IR Office
For inquiries about this document, please contact: Japan Post Holdings Co., Ltd. IR Office Email: irshitsu.ii@jp-holdings.jp <Disclaimer> This document contains forward-looking statements regarding the outlook and targets of the Japan Post Group and its group companies. These statements are based on