6178
Japan Post Holdings Co., Ltd.
日本郵政株式会社
Services
Japan Post Holdings Co., Ltd. provides postal, banking, and insurance services in Japan. It operates through the Postal and Logistics Business, Post Office Counter Business, International Logistics Business, and Real Estate Business segments. The company engages in the postal, banking counter, and insurance counter operations; sale of documentary stamps; operations consigned by local government entities; and provision of other bank, and life and non-life insurance agency services. It also provides domestic distribution and delivery services; and merchandise sale services, as well as international air cargo transport and agency services. In addition, undertakes logistics services, such as parcel and mail delivery; and handles regular savings, fixed amount and term savings, payments, over-the-counter sales of government bonds, and investment trusts. Further, it is involved in the catalogue sales business through internet and direct mail; sales and issuance of bus tickets; issuance of official certificates; business related to lottery tickets, and conclusion and modification of broadcasting reception contracts; operation of a hospital and a recreational center; development and leasing of office buildings, commercial facilities, and residential properties, as well as the management of rental buildings; fund management; and sales of government bonds. Additionally, it provides annuity, cancer care, automobile, and personal injury insurance; life support services; ATM partnership services; asset management and lending services; foreign exchange services; regional transportation, warehousing management, resources, and government logistics services; freight and forwarding transportation, and truck transportation; investment trusts and other asset management products; credit card and mortgage brokerage services; and remittance and settlement services, and public pensions. The company was founded in 1871 and is headquartered in Tokyo, Japan.
Price
¥2,068
Market Cap
¥6.1T
Ent. Value
¥-60,466,141M
Net Cash
¥66.6T
Shares Out.
3.0B
P / E
17.3×
EV / EBIT
—
⚠ TSE Capital Mandate
P / Book
0.68×
P / NCAV
N/M
Div. Yield
2.42%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥297,149.7B | ¥298,689.2B | ¥296,111.6B | ¥303,847.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥3,259.1B | ¥3,233.5B | ¥3,178.7B | ¥3,105.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥3.0B | ¥4.9B | ¥6.9B | ¥8.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥323.8B | ¥298.5B | ¥266.7B | ¥224.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥1,181.9B | ¥705.0B | ¥1,065.3B | ¥1,019.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥281,860.1B | ¥282,950.6B | ¥281,013.3B | ¥289,158.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥585.3B | ¥461.0B | ¥335.0B | ¥300.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥2,030.8B | ¥2,054.2B | ¥2,212.7B | ¥2,223.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥24.5B | ¥25.8B | ¥67.2B | ¥364.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥15,289.5B | ¥15,738.5B | ¥15,098.3B | ¥14,689.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥3,500.0B | ¥3,500.0B | ¥3,500.0B | ¥3,500.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | — | — | ¥1,458.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥5,588.8B | ¥6,202.5B | ¥6,238.8B | ¥6,138.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-351.2B | ¥-301.2B | ¥-201.3B | ¥-96.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥352.0B | ¥864.4B | ¥540.1B | ¥1,308.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥8,737.6B | ¥9,401.3B | ¥9,537.5B | ¥11,000.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥6,200.0B | ¥5,472.8B | ¥5,020.7B | ¥2,379.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥585.3B | ¥461.0B | ¥335.0B | ¥300.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥66,614.0B | ¥59,043.0B | ¥69,846.5B | ¥68,119.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,939 | ¥2,932 | ¥2,756 | ¥3,003 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥2,794.9B | ¥-2,359.0B | ¥-8,151.2B | ¥4,984.2B |
| Taxes Paid | ¥-133.9B | ¥-148.8B | ¥-124.6B | ¥-274.8B |
| Interest Paid | ¥-22.2B | ¥-15.3B | ¥-17.8B | ¥-11.3B |
| Interest Received | ¥921.2B | ¥892.6B | ¥997.4B | ¥1,039.1B |
| D&A | ¥257.4B | ¥242.7B | ¥229.5B | ¥255.4B |
| Goodwill Amort. | ¥2.0B | ¥2.2B | ¥2.1B | ¥1.3B |
| Investing CF | ¥4,684.4B | ¥-7,718.6B | ¥9,352.1B | ¥1,413.2B |
| CapEx | ¥210.1B | ¥203.8B | ¥231.0B | ¥140.3B |
| Financing CF | ¥215.9B | ¥-606.3B | ¥549.6B | ¥-621.0B |
| Dividends Paid | ¥-157.6B | ¥-255.7B | ¥-183.0B | ¥-202.2B |
| Share Buybacks | ¥-350.0B | ¥-300.0B | ¥-205.4B | ¥-345.4B |
| Free Cash Flow | ¥2,584.8B | ¥-2,562.8B | ¥-8,382.2B | ¥4,843.9B |
| Net Change in Cash | ¥7,695.3B | ¥-10,677.5B | ¥1,762.3B | ¥5,781.3B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 3.8% | 2.6% | 3.9% | 3.8% |
| ROA | 0.1% | 0.1% | 0.1% | 0.2% |
| EPS | ¥119.30 | ¥80.26 | ¥120.82 | ¥131.93 |
| DPS | ¥50.00 | ¥50.00 | ¥50.00 | ¥50.00 |
| BPS | ¥3,058.60 | ¥3,202.94 | ¥2,912.76 | ¥3,361.06 |
| FCF/Share | ¥869 | ¥-799 | ¥-2,422 | ¥1,322 |
| Payout Ratio | 41.9% | 62.3% | 41.4% | 37.9% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 1
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-15
15:30
|
Buyback | ¥150.0B 3.6% | Japan Post Co., Ltd. (6178) board resolved on May 15, 2026 to execute a share buyback program authorized under Articles … | |
|
Summary
Japan Post Co., Ltd. (6178) board resolved on May 15, 2026 to execute a share buyback program authorized under Articles 459(1) and the company's bylaws. The company will acquire up to 100 million shares (3.6% of outstanding shares excluding treasury stock) for a maximum of ¥150 billion through May 18, 2026 to March 31, 2027 via Tokyo Stock Exchange off-hours trading (ToSTNeT-3) and market trading. The buyback supports shareholder returns and capital efficiency improvement objectives outlined in the mid-term management plan JP Plan 2028.
Deadline: 2027-03-31
% of Shares: 3.6%
Shares: 100,000,000
Source (JP)
当社は、中期経営計画「JP プラン 2028」における資本戦略に基づき、株主還元の充実及び資本効率の向上を目的として、自己株式の取得を実施いたします。
自己株式取得に係る事項の決定に関するお知らせ(会社法第459条第1項の規定による定款の定めに基づく自己株式の取得)
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 財務大臣 | 1,153,683 | 38.80% |
| 2 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
315,158 | 10.60% |
| 3 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
100,835 | 3.39% |
| 4 | 日本郵政社員持株会 | 93,937 | 3.15% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
|
40,573 | 1.36% |
| 6 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
35,074 | 1.17% |
| 7 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部)
|
26,630 | 0.89% |
| 8 | SMBC日興証券株式会社 | 25,915 | 0.87% |
| 9 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部)
|
25,837 | 0.86% |
| 10 | JPモルガン証券株式会社 | 18,182 | 0.61% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
14.0%
+0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.3%
+0.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
43.4%
+2.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 61.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 財務大臣 | 36.28% | 35.98% | 38.80% +2.82% | |
| 日本マスタートラスト信託銀行 | 10.67% | 10.59% | 10.60% +0.01% | |
| 日本カストディ銀行 | 3.50% | 3.22% | 3.39% +0.17% | |
| State Street | 3.43% | 2.93% | 3.39% +0.46% | |
| 日本郵政社員持株会 | 2.68% | 2.98% | 3.15% +0.17% | |
| JP Morgan | 0.80% | 0.76% | 0.89% +0.13% | |
| SMBC日興証券 | — | 0.79% | 0.87% +0.08% | |
| JPモルガン証券 | 0.91% | 0.95% | 0.61% -0.34% | |
| Concentration (HHI) ⓘ | 1463 | 1437 | 1653 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥141,337M
+43% since 2023
Holdings
2
Trend
Stable
vs 2023
| Held Company | FY2025 ¥141,337M total | FY2023 ¥99,066M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Rakuten Group,Inc.
楽天グループ株式会社
|
111,523 |
131,004,000
|
80,436 | 131,004,000 | |
|
Daiwa Securities Group Inc.
株式会社大和証券グループ本社
|
29,814 |
30,000,000
|
18,630 | 30,000,000 | |
| Portfolio total | 141,337 | 99,066 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding