Japan Post (6178) Q1 2026 earnings summary

Executive summary

• Ordinary income rose 2.7% year-over-year to ¥2,810.2 billion, with net ordinary income up 6.5% to ¥225.1 billion.

• Net income attributable to shareholders declined by ¥7.0 billion year-over-year to ¥67.7 billion, impacted by the sale of Japan Post Bank shares and extraordinary items.

• Comprehensive income rebounded to ¥366.6 billion from a loss of ¥127.2 billion in the prior year.

• Subsidiaries showed mixed results: Japan Post Co. and Japan Post Bank saw income growth, while Japan Post Insurance's revenue fell but income rose.

Financial highlights

• Net income including non-controlling interests increased by ¥20.6 billion year-over-year to ¥146.5 billion.

• Net income per share was ¥22.78, down from ¥23.36 year-over-year.

• Consolidated assets decreased to ¥294,048.1 billion as of June 30, 2025.

• Net assets increased to ¥15,410.5 billion, with an equity ratio of 3.1%.

• Dividend forecast maintained at ¥50.00 per share for the fiscal year ending March 31, 2026.

Outlook and guidance

• Full-year forecast: ordinary income ¥11,260.0 billion, net ordinary income ¥1,020.0 billion, net income ¥380.0 billion, EPS ¥127.90.

• 25.0% of ordinary income and 22.1% of net ordinary income forecasts achieved in Q1; 17.8% of net income forecast achieved.