Japan Post : Notice Regarding Revisions to the Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024
April 30, 2024 at 03:17 am EDT
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UNOFFICIAL TRANSLATION
Although the Company pays close attention to provide English translation of the information disclosed in Japanese, the Japanese original prevails over its English translation in the case of any discrepancy.
April 30, 2024
Company name:
Japan Post Holdings Co., Ltd.
Representative:
MASUDA Hiroya
Director and Representative Executive Officer,
President & CEO
(Code number: 6178, Prime Market of the
Tokyo Stock Exchange)
Contact:
IR Office, Corporate Planning Division
(Phone: +81-3-3477-0206)
Notice Regarding Revisions to the Consolidated Financial Results Forecast for the
Fiscal Year Ending March 31, 2024
In light of recent trends in financial results, JAPAN POST HOLDINGS Co., Ltd. (the "Company") has revised its consolidated financial results forecast, which was announced on May 15, 2023, as follows.
1. Revision to the Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024
Consolidated financial results forecast for the fiscal year ending March 31, 2024 (April 1, 2023 to March 31, 2024)
Net income
Ordinary
Net ordinary
attributable to
Net income
income
income
Japan Post
per share
Holdings
Previously announced
Million yen
Million yen
Million yen
Yen
forecast (A)
10,860,000
620,000
240,000
71.63
Revised forecast (B)
11,980,000
660,000
270,000
80.66
Change (B-A)
+1,120,000
+40,000
+30,000
-
Change rate (%)
+10.3%
+6.5%
+12.5%
-
(Reference) Results of the
previous fiscal year (fiscal
11,138,580
657,499
431,066
120.82
year ended March 31, 2023)
(Note) Net income per share in the Previously announced forecast (A) row is the amount announced on February 14, 2024 and is calculated based on the average number of shares during the fiscal year ending March 31, 2024 that was estimated in the nine months ended December 31, 2023.
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2. Reason for the revision
Net ordinary income, among other earning indicators, is expected to exceed the previous forecast, mainly due to the retrocession of some whole life annuity plans under the Postal Life Insurance policies.
There is no revision to the dividends forecast.
* Explanation on appropriate use of financial results forecast
Forecasts and other forward-looking statements presented in this document are based on information obtained by the Company at present and certain assumptions that the Company has deemed reasonable, and the Company provides no assurance that the forecasts will be achieved or with respect to any other forward-looking statements. The actual future results may vary considerably depending upon various factors, such as the impact of the spread of COVID-19, interest rate fluctuations, stock price fluctuations, foreign exchange fluctuations, asset value fluctuations, changes in the economic and financial environment, changes in the competitive environment, the occurrence of large-scale disasters, etc. and changes in laws and regulations. The Company disclaims any responsibility to update any forward-looking statements contained herein to the extent permitted by law or stock exchange rule.
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Japan Post Holdings Co. Ltd. published this content on
30 April 2024 and is solely responsible for the information contained therein. Distributed by
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30 April 2024 07:16:07 UTC.
Japan Post Holdings Co., Ltd. is a diversified group organized around 4 areas of activity:
- life insurance benefits (57.3% of revenues);
- postal and logistical services (23.9%): collection, transportation and delivery of mail (letters, postcards, etc.), shipping and delivery of parcels. The group also offers logistics and transport services;
- banking services (17.5%): corporate, investment and market banking, syndicated loans, sales of structured products, fund management, mortgage banking, credit card issuance, etc.;
- other (1.3%).