JAPAN POST HOLDINGS Co., Ltd. 6178

Group ordinary profit surges 114.7 billion yen year-on-year, driven by robust banking performance despite continued mail volume challenges.

Japan Post Holdings (JPPHY) is laying out a more aggressive three-year profit roadmap as it tries to reshape its earnings base beyond the traditional postal business. The Tokyo-based company, which began operations in 2007 after the privatization of Japan's postal system, is targeting group net income of 500 billion to 700 billion for the year ending March 2029, compared with 374.6 billion in the 12 months ended March 31. The pressure point is Japan's shrinking and aging population, which could keep weighing on the company's postal and logistics business and force a deeper reset in how Japan