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Japan Post HoldingsJapan Post Holdings Co., Ltd.6178東証プライムサービス業FY ending Mar 2026, consolidated, J-GAAP

Japan Post Holdings FY ending Mar 2026 results

About 49% of Japan Post Holdings's ordinary revenue comes from Life insurance business, with Banking business and Postal and logistics businesses making up much of the rest.

Out of every ¥100 of ordinary revenue, about ¥9 is left as ordinary profit.

Ordinary revenue changed -0.2% from the prior year, ordinary profit +32.0%.

Revenue and profit pattern

Revenue down, profit up

Revenue -0.2% · profit +32.0%, calculated from disclosed figures.

Operating leverage: -131.94× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-0.2%¥11.5T → ¥11.4T
Net income attributable to owners
+1.1%¥370.6B → ¥374.6B
Operating cash flow
-469.9%¥2.79T → -¥10.3T
Free cash flow
-525.9%¥2.49T → -¥10.6T

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥11.4T, roughly flat at -0.2% from ¥11.5T.
  • Net income edged up +1.1% to ¥374.6B, from ¥370.6B.
  • Operating cash flow swung from ¥2.79T to -¥10.3T, and free cash flow fell to -¥10.6T.

What drove the change

  • Rising domestic interest rates improved investment returns, and the banking and life insurance segments performed well
  • Falling mail volumes and higher prices and wages pushed costs up
  • Postal and logistics revenue grew on more Yu-Pack and Yu-Packet parcels, higher unit prices after the postage rate change, and the consolidation of JP Tonami Group

Things to watch

  • The postal and logistics business keeps posting operating losses; if that continues, the group may have to write down its fixed assets
  • Japan Post lost its general cargo trucking license; another legal violation could bring heavier penalties and damage trust in the network
  • If digital adoption shrinks mail volumes faster than expected, rate increases may not make up for lost revenue

Annual Securities Report / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of ordinary revenue goes

For every ¥100 of ordinary revenue (a bank's or insurer's top line) Japan Post Holdings earns, how much goes where, and how much is kept.

FY ending Mar 2026
Ordinary expenses
¥91
Ordinary profit
¥9
Net profit kept
¥3

Annual margin trends

Ordinary margin9.4%
FY ending Mar 2021: 7.8%7.8%FY ending Mar 2022: 8.8%8.8%FY ending Mar 2023: 5.9%5.9%FY ending Mar 2024: 5.6%5.6%FY ending Mar 2025: 7.1%7.1%FY ending Mar 2026: 9.4%9.4%FY21FY22FY23FY24FY25FY26
Net margin3.3%
FY ending Mar 2021: 3.6%3.6%FY ending Mar 2022: 4.5%4.5%FY ending Mar 2023: 3.9%3.9%FY ending Mar 2024: 2.2%2.2%FY ending Mar 2025: 3.2%3.2%FY ending Mar 2026: 3.3%3.3%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第21期(2025/04/01－2026/03/31)

    ID S100YE7T2026-06-18Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第20期(2024/04/01－2025/03/31)

    ID S100WFGE2025-07-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第19期(2023/04/01－2024/03/31)

    ID S100TO152024-06-20Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第18期(2022/04/01－2023/03/31)

    ID S100SCA72023-11-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(令和3年4月1日－令和4年3月31日)

    ID S100OA6P2022-06-20Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第16期(令和2年4月1日－令和3年3月31日)

    ID S100MJ782021-10-01Open

Extracted from XBRL: 44 / Derived from other figures: 1

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