Japan Post (6178) Q1 2027 earnings summary

Executive summary

• Ordinary income rose to ¥2,985.8 billion, up 6.2% year-over-year, with net ordinary income at ¥339.8 billion, up 50.9%, and net income attributable to shareholders up 63.8% to ¥125.3 billion.

• Comprehensive income surged 128.9% year-over-year to ¥859,234 million.

• Segment results were mixed: banking and international logistics saw strong growth, while insurance, postal, and post office businesses faced income declines.

Financial highlights

• Net income per share increased to ¥45.07 from ¥25.75 year-over-year.

• Total assets: ¥284,714.7 billion as of June 30, 2026, down ¥5,149.7 billion from March 31, 2026.

• Net assets rose to ¥16,977.5 billion, with an equity ratio of 3.5%.

• Dividend forecast for the fiscal year ending March 31, 2027, is ¥60.00 per share, up from ¥50.00 in the prior year.

• Japan Post Bank net income: ¥177.5 billion (+¥72.7 billion year-over-year).

Outlook and guidance

• Full-year forecast: ordinary income ¥11,360.0 billion, net ordinary income ¥1,170.0 billion, net income ¥380.0 billion.

• Net income per share forecasted at ¥138.39.

• Q1 achievement rates: 26.3% for ordinary income, 29.0% for net ordinary income, 33.0% for net income.