Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Overview of Consolidated Financial Results of Japan Post Co. for the Three Months Ended June 30, 2025 August 8, 2025
Copyright © JAPAN POST GROUP. All Rights Reserved.
Table of Contents
Consolidated Balance Sheets 1
Consolidated Statements of Income and Consolidated Statements of
Comprehensive Income 3
Consolidated Statements of Income 3
Consolidated Statements of Comprehensive Income 4
Segment Information 5
Consolidated Balance Sheets
(Millions of yen)
Assets
As of March 31, 2025 As of June 30, 2025
Current assets
Cash and deposits 1,260,432 1,814,511
Notes receivable, operating accounts receivable and contract assets | 299,121 | 346,562 |
Securities | 15,000 | 15,000 |
Inventories | 32,203 | 32,592 |
CMS deposits paid | 454,794 | 295,833 |
Outstanding amount of banking business consignment | 46,530 | 64,241 |
Other current assets | 49,644 | 83,842 |
Reserve for possible loan losses | (782) | (1,191) |
Total current assets | 2,156,943 | 2,651,392 |
Non-current assets | ||
Tangible fixed assets | ||
Buildings | 902,835 | 910,026 |
Land | 1,353,359 | 1,403,349 |
Right-of-use assets | 54,556 | 61,345 |
Other tangible fixed assets | 230,356 | 244,208 |
Total tangible fixed assets | 2,541,107 | 2,618,929 |
Intangible assets | 94,485 | 98,022 |
Investments and other assets | ||
Other investments and other assets | 75,197 | 86,173 |
Reserve for possible loan losses | (2,012) | (2,777) |
Total investments and other assets | 73,184 | 83,395 |
Total non-current assets | 2,708,778 | 2,800,348 |
Total assets | 4,865,721 | 5,451,741 |
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Liabilities
Current liabilities
Notes payable and operating accounts 126,782 129,749 payable | ||
Short-term borrowings | 95,333 | 125,747 |
Current portion of long-term borrowings | 8,599 | 8,779 |
Other accounts payable | 278,242 | 155,637 |
Outstanding amount of life insurance 789 856 business consignment | ||
Income taxes payable | 16,541 | 9,468 |
Deposits received | 172,359 | 169,197 |
Fund deposits for post offices | 760,000 | 870,000 |
Reserve for bonuses | 108,350 | 33,829 |
Reserve for management bonuses | 1,228 | 1,223 |
Other current liabilities | 173,289 | 183,469 |
Total current liabilities | 1,741,516 | 1,687,960 |
Long-term liabilities | ||
Bonds payable | - | 10,000 |
Long-term borrowings | 287,906 | 295,505 |
Lease obligations | 85,296 | 94,391 |
Deferred tax liabilities | 9,384 | 19,102 |
Reserve for management board benefit trust | 367 | 412 |
Liability for retirement benefits | 1,901,596 | 1,921,905 |
Other long-term liabilities | 98,729 | 83,657 |
Total long-term liabilities | 2,383,281 | 2,424,975 |
Total liabilities | 4,124,798 | 4,112,935 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 400,000 | 700,000 |
Capital surplus | 141,930 | 441,659 |
Retained earnings | 235,405 | 237,817 |
Total shareholders' equity | 777,336 | 1,379,476 |
Accumulated other comprehensive income | ||
Net deferred gains (losses) on hedges (71) (204)
Net unrealized gains (losses) on available-for-sale securities
Foreign currency translation adjustments
319 813
(118,482) (120,012)
Accumulated adjustments for retirement benefits
55,571
51,105
Total accumulated other comprehensive
loss
(62,662) (68,298)
Non-controlling interests | 26,250 | 27,627 |
Total net assets | 740,923 | 1,338,805 |
Total liabilities and net assets | 4,865,721 | 5,451,741 |
Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Three months ended June 30
(Millions of yen)
Three months ended June 30, 2024
Three months ended June 30, 2025
Operating income
Postal service business income 474,586 567,589
Commissions for banking business consignment
81,675
79,916
Commissions for life insurance business
consignment
30,489 22,445
Funds to maintain post office network | 75,750 | 80,171 |
International logistics business income | 124,631 | 109,075 |
Other operating income | 43,465 | 35,533 |
Total operating income | 830,599 | 894,731 |
Operating costs | 790,725 | 822,001 |
Gross operating income | 39,873 | 72,729 |
Sales, general and administrative costs | 54,593 | 61,138 |
Net operating income (loss) | (14,719) | 11,590 |
Other income | ||
Interest income | 351 | 883 |
Dividend income | 4 | 239 |
Equity in earnings of affiliates | 237 | 262 |
Subsidy income | 385 | 342 |
Others | 642 | 1,422 |
Total other income | 1,621 | 3,149 |
Other expenses | ||
Interest expenses | 2,712 | 3,404 |
Share issuance costs | - | 2,100 |
Others | 244 | 821 |
Total other expenses | 2,956 | 6,326 |
Net ordinary income (loss) | (16,054) | 8,414 |
Extraordinary gains | ||
Gains on sale of fixed assets | 543 | 383 |
Others | 117 | 18 |
Total extraordinary gains | 660 | 401 |
Extraordinary losses | ||
Losses on sale of fixed assets | 55 | 41 |
Losses on disposal of fixed assets | 196 | 599 |
Losses on impairment of fixed assets | 16 | 1,666 |
Others | 132 | 162 |
Total extraordinary losses | 401 | 2,469 |
Income (loss) before income taxes | (15,795) | 6,346 |
Income taxes current | 2,146 | 2,866 |
Income taxes deferred | 54 | 325 |
Total income taxes | 2,200 | 3,192 |
Net income (loss) | (17,995) | 3,154 |
Net income attributable to non-controlling 287 731 interests | ||
Net income (loss) attributable to Japan Post Co. (18,283) 2,423