Japan Post : Notice Concerning Differences between Subsidiary's Financial Results for the Fiscal Year Ended March 31, 2024 and March 31, 2023
May 15, 2024 at 07:43 am
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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.
May 15, 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 Concerning Differences between Subsidiary's Financial Results
for the Fiscal Year Ended March 31, 2024 and March 31, 2023
JAPAN POST HOLDINGS Co., Ltd. (the "Company") hereby announces that its subsidiary, JAPAN POST BANK Co., Ltd., has released "Notice Concerning Differences between Financial Results for the Fiscal Year Ended March 31, 2024 and March 31, 2023" today, as separately attached.
The impact of the difference on the Company's consolidated financial results forecast is minimal.
Attachment
This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 15, 2024
Company Name:JAPAN POST BANK Co., Ltd.
Representative:KASAMA Takayuki, Director, President and Representative Executive Officer (Securities Code: 7182, Tokyo Stock Exchange Prime Market)
Notice Concerning Differences between Financial Results for the Fiscal Year Ended March 31, 2024 and March 31, 2023
JAPAN POST BANK Co., Ltd. (the "Bank") hereby announces differences between its financial results of ordinary income for FY2024/3 and FY2023/3 as follows.
1. Differences in ordinary income between FY2024/3 and FY2023/3
Ordinary Income
(Millions of yen)
FY2023/3
(A)
2,064,251
FY2024/3
(B)
2,651,706
Change
(B-A)
587,455
Percentage change
(%)
28.4%
Ordinary Income
(Millions of yen)
FY2023/3
(A)
2,053,137
FY2024/3
(B)
2,650,083
Change (B-A)
Percentage change (%)
596,945
29.0%
2. Reason for the differences
Ordinary income for FY2024/3 increased by more than 10%, compare to FY2023/3, mainly due to an increase in gains on money held in trust in the Bank's non-consolidated results.
For further details, please refer to the "Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024" (released on May 15, 2024).
END
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Japan Post Holdings Co. Ltd. published this content on
15 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 May 2024 11:39:11 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%).