Japan Post (6178) Q3 2026 earnings summary

Executive summary

• Ordinary income for the nine months ended December 31, 2025, rose to ¥8,412.2 billion, up 1.0% year-over-year, with net ordinary income up 15.2% to ¥809.5 billion and net income attributable to shareholders down 2.6% to ¥258.0 billion.

• Comprehensive income surged to ¥1,630,916 million from ¥57,109 million in the prior year period.

Financial highlights

• Net income per share for the nine months was ¥88.15, up from ¥84.46 year-over-year.

• Total assets decreased to ¥291,105.1 billion as of December 31, 2025, with net assets rising to ¥16,382.6 billion and an equity ratio of 3.3%.

• Major asset changes included a rise in securities and money held in trust, offset by declines in cash, due from banks, and call loans.

• Net unrealized gains on available-for-sale securities increased by ¥726,246 million.

Outlook and guidance

• Full-year consolidated forecasts remain unchanged: ordinary income ¥11,370.0 billion, net ordinary income ¥960.0 billion, net income ¥320.0 billion, and dividend forecast at ¥50 per share.

• Forecast net income per share is ¥110.27.

• Banking segment forecast revised upward due to higher interest on government bonds; limited impact on group results.