Slides
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Consolidated Results
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Copyright © JAPAN POST GROUP. All Rights Reserved. Summary of Consolidated Financial Results (Billions of yen) For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Forecast for the Fiscal Year Ending March 31, 2026 Percentage achievement Ordinary income 2,735.8 2,810.2 + 74.3 11,260.0 25.0% + 2.7% Net ordinary income 211.4 225.1 + 13.7 1,020.0 22.1% + 6.5% Net income attributable to Japan Post Holdings (Note 1) (Note 2) 74.7 67.7 (7.0) 380.0 17.8% (9.4)% Ordinary income was ¥2,810.2 billion, an increase of ¥74.3 billion year-on-year. Net ordinary income was ¥225.1 billion, an increase of ¥13.7 billion year-on-year. Net income attributable to Japan Post Holdings was ¥67.7 billion, a decrease of ¥7.0 billion year-on-year. Net income including net income attributable to non- controlling interests (Note 3) 125.8 146.5 + 20.6 + 16.4% (Note 1) From the next page onward, “net income” represents “net income attributable to Japan Post Holdings.” (Note 2) The figures include the impact of the decrease in the ratio of shareholders’ equity due to the sale of shares of Japan Post Bank by Japan Post Holdings (in March 2025). 1 (Note 3) Net income equivalent to consolidated net income, which is the quantitative target under the Company’s Medium-term Management Plan “JP Vision 2025+.” Results of Operations and Full-year Results Forecast
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Copyright © JAPAN POST GROUP. All Rights Reserved. (Billions of yen) Net income was ¥2.4 billion for Japan Post Co., ¥104.8 billion for Japan Post Bank, and ¥34.6 billion for Japan Post Insurance. Revenue and income increased for Japan Post Co. and Japan Post Bank. Revenue decreased but income increased for Japan Post Insurance. Results of Operations for the Three Months Ended June 30, 2025 Japan Post Co. (Consolidated) Japan Post Bank (Consolidated) Japan Post Insurance (Consolidated) Ordinary income 897.8 667.2 1,434.1 Year-on-year (for the three months ended June 30, 2024) Change + 65.6 + 61.5 (31.3) + 7.9% + 10.1% (2.1)% Net ordinary income 8.4 153.8 67.4 Year-on-year (for the three months ended June 30, 2024) Change + 24.4 + 16.1 (0.7) - + 11.7% (1.0)% Net income 2.4 104.8 34.6 Year-on-year (for the three months ended June 30, 2024) Change + 20.7 + 8.6 + 13.7 - + 8.9% + 65.4% Japan Post Co. (Consolidated) Japan Post Bank (Consolidated) Japan Post Insurance (Consolidated) Net ordinary income 53.0 680.0 240.0 1Q percentage achievement 15.9% 22.6% 28.1% Net income 46.0 470.0 136.0 1Q percentage achievement 5.3% 22.3% 25.5% Forecast for the Fiscal Year Ending March 31, 2026 2 Summary of Financial Results (the Principal Subsidiaries) (Billions of yen) Note : The amounts of net income attributable to Japan Post Co., net income attributable to Japan Post Bank and net income attributable to Japan Post Insurance have been used for Japan Post Co. (consolidated), Japan Post Bank (consolidated) and Japan Post Insurance (consolidated), respectively.
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Copyright © JAPAN POST GROUP. All Rights Reserved. Segment Information For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Postal and Domestic Logistics Business Operating income 478.3 570.9 + 92.6 Net operating income (loss) (36.4) 0.4 + 36.9 Post Office Business Operating income 256.3 254.6 (1.6) Net operating income 13.8 6.2 (7.6) International Logistics Business Operating income 124.7 109.2 (15.5) Net operating income (EBIT) 0.9 0.4 (0.5) Real Estate Business Operating income 29.6 20.1 (9.5) Net operating income 8.5 5.4 (3.0) Banking Business (Japan Post Bank) Ordinary income 605.6 667.2 + 61.5 Net ordinary income 137.7 153.8 + 16.1 Life Insurance Business (Japan Post Insurance) Ordinary income 1,465.4 1,434.1 (31.3) Net ordinary income 68.1 67.4 (0.7) (Billions of yen) Note: EBIT is presented as net operating income for the international logistics business segment. Consolidated ordinary income for Japan Post Bank and Japan Post Insurance are presented as net operating income for the banking business segment and life insurance business segment. Net operating income (loss) is presented for the other segments. 3
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Copyright © JAPAN POST GROUP. All Rights Reserved. 4 Analysis of Year-on-Year Change in Net Income (Consolidated) ʢBillions of yen ʣ Net income (Three months ended June 30, 2025) 67.7 Net income (Three months ended June 30, 2024) 74.7 Net ordinary income ʴ 13.7 Net operating income from postal and domestic logistics business ʴ 36.9 Net operating income from post office business (7.6) Net operating income from international logistics business (0.5) Net operating income from real estate business (3.0) Net ordinary income from banking business ʴ 16.1 Net ordinary income from life insurance business (0.7) Other net ordinary income (27.4) Extraordinary gains and losses Income taxes, etc. ʴ 6.9 Net income attributable to non-controlling interests (27.6) (7.0) ◆ Equity method income (loss) including ¥(25.2) billion for Aflac Incorporated ◆ Increase in net income attributable to non-controlling interests due to sale of shares of subsidiary
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Reference] Consolidated Results Affiliates accounted for by the equity method ɿ Aflac Incorporated 5 Three months ended June 30, 2025 Equity method income (loss) Billions of yen (2.4) [Reference] Equity method income Three months ended June 30,2024 Billions of yen 22.8 Net income of Aflac Millions of USD 29 Ratio of shareholders’ equity % 9.51 Exchange rate Yen 152.60
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Segment Status
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Copyright © JAPAN POST GROUP. All Rights Reserved. Organization Chart of Japan Post Group 6 Real Estate Business Japan Post Office Support Japan Post Trading Service Japan Post Information Technology Japan Post Real Estate Japan Post Properties Japan Post Building Management Postal and Domestic Logistics Business Post Office Business Life Insurance Business Banking Business International Logistics Business Japan Post Bank Japan Post Holdings Subsidiaries and affiliates Subsidiaries and affiliates Subsidiaries (Other Business) Subsidiaries and affiliates Japan Post Insurance Subsidiaries and affiliates Japan Post Co. Toll Holdings Pty Limited Subsidiaries Affiliates (Other Business) Aflac Incorporated Principal subsidiaries and affiliates JP Tonami Group Japan Post Transport JP Rakuten Logistics Japan Post Corporate Service Japan Post Capital JP Digital
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Copyright © JAPAN POST GROUP. All Rights Reserved. Analysis of Year-on-Year Change in Net Operating Income (Loss) For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Operating income 478.3 570.9 + 92.6 Operating expenses 514.8 570.5 + 55.6 Personnel expenses 320.7 336.4 + 15.7 Other expenses 194.1 234.0 + 39.9 Net operating income (loss) (36.4) 0.4 +36.9 Results of Operations for the Three Months Ended June 30, 2025 Trends in Volume of Items Handled Postal and Domestic Logistics Business Japan Post Co. (Consolidated): Financial Highlights The volume of items handled decreased by 4.5% year on year due to a decrease in mail and Yu-Mail, despite an increase in Yu-Pack and Yu-Packet. Operating income increased by ¥92.6 billion, mainly due the revision of postal rates and the inclusion of JP Tonami Group as a consolidated subsidiary. Net operating income improved by ¥36.9 billion due to an increase of ¥55.6 billion in operating expenses, primarily personnel expenses and collection, transport and delivery outsourcing expenses. 7 (Billions of yen) Note: Figures for the fiscal year ended March 31, 2024 have been recalculated due to the establishment of a new business segment, real estate business, in the fiscal year ended March 31, 2025. Salaries and allowances, etc ʴ 14.2 Legal welfare expenses ʴ 1.4 Domestic collection, Delivery outsourcing expenses ʴ 18.4 International mails delivery expenses ʴ 0.6 Depreciation and amortization ʴ 2.6 Facility expenses ʴ 2.5 Postal service commissions ʴ 1.7 Commission fee ʴ 1.7 Fuel costs ʴ 1.6 Taxes and dues ʴ 1.4 (Billions of yen) ʤTrends in Net Operating Income (Loss) ʥ 2023 OPUF 2024 2025 (7.0) (36.4) 0.4 (three months ended June 30) Net operating loss ʢThree months ended June 30, 2024) (36.4) Net operating income ʢThree months ended June 30, 2025) 0.4 Other expenses ʢʴ 39.9 ʣIncrease in operating income ʴ 92.6 Miscellaneous expenses ʴ 20.8 Personnel expenses ʴ 15.7 Collection, transport and delivery outsourcing expenses ʴ 19.1 Revenue from new subsidiaries (JP Tonami group) ʴ 41.1 Standard mail ʴ 40.0 Sales revenue of Postage Stamps and Postcards ʴ 4.0 Parcels (Yu-Pack , Yu-Packet , Yu-Mail) ʴ 1.9 3,339 3,148 2,970 709 788 768 110 127 136 128 129 132 4,286 4,193 4,005 2,500 3,000 3,500 4,000 4,500 2023 2024 2025 0 (5.7) % (2.6) % ʴ 2.2 % (4.5) % ʴ 6.9 % (5.7) % ʴ 11.2 % (2.2) % ʴ 15.6 % ʴ 0.8 % (Volume of items handled in millions) (three months ended June 30) Yu-Mail Yu-Packet Mail Yu-Pack
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Copyright © JAPAN POST GROUP. All Rights Reserved. Trends in the Earnings Structure Analysis of Year-on-Year Change in Net Operating Income Operating income decreased by ¥1.6 billion with the continuing decline in banking commissions and insurance commissions. Net operating income decreased by ¥7.6 billion, partly due to an increase in other expenses in addition to the decline in revenue. Note: Figures for the fiscal year ended March 31, 2024 have been recalculated due to the establishment of a new business segment, real estate business, in the fiscal year ended March 31, 2025. 8 Post Office Business Japan Post Co. (Consolidated): Financial Highlights (Billions of yen) Results of Operations for the Three Months Ended June 30, 2025 For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Operating income 256.3 254.6 (1.6) Operating expenses 242.4 248.4 + 6.0 Personnel expenses 177.7 176.0 (1.7) Other expenses 64.6 72.4 + 7.7 Net operating income 13.8 6.2 (7.6) Insurance commissions (8.0) Banking commissions (1.7) Postal service commissions ʴ 1.7 Salaries and allowances, etc (1.4) Legal welfare expenses (0.1) Retirement benefit expenses (0.1) Operating outsourcing expenses ʴ 3.0 Supplies expenses ʴ 2.9 Mechanization related expenses ʴ 0.8 Facility maintenance and management expenses ʴ 0.7 System income ʴ 2.2 Merchandising business ʴ 0.0 Third-party financial product agency services (0.2) ʤTrends in Net Operating Income ʥ 2023 OPUF 2024 2025 17.8 13.8 6.2 (Billions of yen) (three months ended June 30) Net operating income (Three months ended June 30, 2025) 6.2 Net operating income (Three months ended June 30, 2024) 13.8 Commissions for business consignment (8.0) Funds to maintain post office network ʴ 4.4 Other operating income ʴ 1.9 Personnel Expenses (1.7) Other expenses ʴ 7.7 75.0 75.7 80.1 31.9 30.4 22.4 84.6 81.6 79.9 48.2 48.2 50.0 19.9 20.1 22.1 0.0 100.0 200.0 300.0 2023 2024 2025 254.6 256.3 259.8 ʴ 1.7 ʴ 1.9 (1.6) (1.7) (8.0) ʴ 4.4 2023 2024 2025 (0.0) ʴ0.1 (3.4) (2.9) (1.4) ʴ0.7 (three months ended June 30) (Billions of yen) Other operating income Of which: Merchandising business Third-party financial product agency services 6.6 1.8 Postal service commissions Banking commissions Insurance commissions Funds to maintain post office network
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Copyright © JAPAN POST GROUP. All Rights Reserved. (7) (2) (3) (8) (12) (19) 25 24 27 (30) (20) (10) 0 10 20 30 2023 2024 2025 Operating income (revenue) decreased by ¥15.5 billion, mainly due to a decrease in the volume handled by the Global Forwarding business and the Global Logistics business. Net operating income (EBIT) was at approximately the same level as in the same period of the previous fiscal year. Analysis of Year-on-Year Change in Net Operating Income (EBIT) Note: Figures in square brackets are presented in billions of yen. (Average exchange rate for the three months ended June 30, 2025: ¥92.58 to A$1.00 and for the three months ended June 30, 2024: ¥102.74 to A$1.00). 9 International Logistics Business Japan Post Co. (Consolidated): Financial Highlights (Millions of Australian dollars) [Billions of yen] Trends in Net Operating Income (EBIT) Results of Operations for the Three Months Ended June 30, 2025 For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Operating income (revenue) 1,214 [124.7] 1,180 [109.2] (34) [(15.5)] Operating expenses 1,204 [123.7] 1,175 [108.8] (29) [(14.9)] Personnel expenses 326 [33.5] 334 [30.9] + 7 [(2.6)] Other expenses 877 [90.1] 840 [77.8] (37) [(12.3)] Net operating income (EBIT) 9 [0.9] 4 [0.4] (5) [(0.5)] ʤTrends in Net Operating Income (EBIT) ʥ 2023 2024 2025 8 9 4 (Millions of Australian dollars) (three months ended June 30) Net operating Income (EBIT) (Three months ended June 30, 2025) 4 Net operating Income (EBIT) (Three months ended June 30, 2024) 9 Operating income from Global logistics business (11) Operating income from Global forwarding business (22) Personnel Expenses ʴ 7 Operating income from Corporate (0) Other expenses (37) Corporate + 4 Global forwarding business + 2 Global Logistics business + 0 Global forwarding business (23) Global Logistics business (14) Corporate + 1 8 9 4 Global Logistics Global Forwarding Corporate/Other (Millions of Australian dollars) Total EBIT( ) (three months ended June 30)
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Copyright © JAPAN POST GROUP. All Rights Reserved. Trends in Operating Income Analysis of Year-on-Year Change in Net Operating Income *Net ordinary income for the three months ended June 30, 2025 was ¥4.6 billion, down ¥3.5 billion year on year. 10 Real Estate Business: Financial Highlights (Billions of yen) Notes: 1.The Hiroshima JP Building, Kuramae JP Terrace, Azabudai Hills Mori JP Tower, Gotanda JP Building, and JP Tower Osaka, which were completed during the term of the Medium-term Management Plan. 2. The Group’s business segments were reclassified in the fiscal year ended March 31, 2025. The Group now discloses the results for the real estate business segment, composed of the real estate business of Japan Post Co., Japan Post Real Estate, Japan Post Building Management, and Japan Post Properties. Figures for the fiscal year ended March 31, 2024 have been recalculated based on the new business segment classifications for the purpose of comparison. Operating income decreased by ¥9.5 billion due to an increase in income from leasing and a decrease in income from property sales. Net operating income decreased by ¥3.0 billion. Results of Operations for the Three Months Ended June 30, 2025 For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Operating income 29.6 20.1 (9.5) Leasing 12.6 15.9 + 3.3 Property Sales 16.2 3.1 (13.0) Operating expenses 21.1 14.7 (6.4) Net operating income * 8.5 5.4 (3.0) (Note 2) Cost of sales for real estate business 6.4) Five major properties including Azabudai Hills Mori JP Tower, Gotanda JP Building, and JP Tower Osaka, etc. ʴ 2.6 (Note 1) Azabudai Hills Mori JP Tower, etc, Net operating income (Three months ended June 30, 2024) 8.5 Net operating income (Three months ended June 30, 2025) 5.4 Operating income from leasing + 3.3 Operating income from property sales (13.0) Other operating income ʴ 0.2 Depreciation and amortization ʴ 0.1 Taxes and dues (0.8) Other expenses (5.8) (Billions of yen) 10.2 12.6 15.9 16.2 3.1 0.6 0.7 1.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 2023 2024 2025 20.1 10.8 29.6 (9.5) (13.0) ʴ 0.2 ʴ 3.3 ʴ 2.4 ʴ 16.2 ʴ 18.8 ʴ0.1 (Note 2) (Billions of yen) Other Property Sales Leasing (three months ended June 30)
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Copyright © JAPAN POST GROUP. All Rights Reserved. For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Operating income 830.5 894.7 + 64.1 Operating expenses 845.3 883.1 + 37.8 Personnel expenses 532.2 543.6 + 11.3 Other expenses 313.0 339.4 + 26.4 Net operating income (loss) (14.7) 11.5 + 26.3 Net ordinary income (loss) (16.0) 8.4 + 24.4 Extraordinary gains (losses) 0.2 (2.0) (2.3) Income (loss) before income taxes (15.7) 6.3 + 22.1 Net income (loss) (18.2) 2.4 + 20.7 [Reference] Japan Post Co. (Consolidated): Financial Highlights Analysis of Year-on-Year Change in Net Income (Loss) 11 (Billions of yen) Results of Operations for the Three Months Ended June 30, 2025 ʤTrends in Net Income (Loss) ʥ ʤTrends in Net Operating Income (Loss) ʥ (Billions of yen) (three months ended June 30) (three months ended June 30) Net loss (Three months ended June 30, 2024) (18.2) Net income (Three months ended June 30, 2025) 2.4 Net operating income from postal and domestic logistics business ʴ 36.9 Net operating income from post office business (7.6) Net operating income from international logistics business (0.5) Net operating income from real estate business (3.6) Other income (expenses) (4.4) Other income ʴ 1.5 Other expenses ʴ 3.3 Extraordinary gains (0.2) Extraordinary losses ʴ 2.0
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Copyright © JAPAN POST GROUP. All Rights Reserved. Banking Business (Japan Post Bank): Financial Highlights For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on- year change Consolidated gross operating profit 319.0 262.9 (56.0) Net interest income 258.6 232.2 (26.3) Net fees and commissions 39.3 41.1 + 1.7 Net other operating income 20.9 (10.4) (31.4) Gains (losses) on foreign exchanges 21.2 (10.3) (31.6) Gains (losses) on Japanese government bonds, etc. (0.3) (0.1) + 0.1 General and administrative expenses (excludes non-recurring losses) 238.0 240.7 + 2.6 Provision for general reserve for possible loan losses 0.0 0.0 + 0.0 Consolidated net operating profit 80.9 22.2 (58.6) Non-recurring gains (losses) 56.7 131.6 + 74.8 Net ordinary income 137.7 153.8 + 16.1 Net income 96.2 104.8 + 8.6 Net Interest Income (Non-consolidated) For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Net interest income 258.6 228.7 (29.8) Interest income 457.5 452.4 (5.1) Interest expenses 198.9 223.6 + 24.7 Deposit Balance (Non-consolidated) Net income increased by ¥8.6 billion to ¥104.8 billion. 12 (Billions of yen) Consolidated Results of Operations for the Three Months Ended June 30, 2025 (Billions of yen) (Trillions of yen) (as of)
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Copyright © JAPAN POST GROUP. All Rights Reserved. Consolidated Results of Operations for the Three Months Ended June 30, 2025 (Reference) Ordinary Profit (Non-consolidated) Life Insurance Business (Japan Post Insurance): Financial Highlights For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on- year change Ordinary income 1,465.4 1,434.1 (31.3) Ordinary expenses 1,397.3 1,366.7 (30.5) Ordinary profit 68.1 67.4 (0.7) Extraordinary gains (losses) (21.3) 16.5 + 37.8 Reversal of reserve for price fluctuations (Note) (21.3) 16.7 + 38.0 Provision for reserve for policyholder dividends 17.1 36.2 + 19.0 Net income 20.9 34.6 + 13.7 Annualized premiums from new policies (individual insurance) 63.8 26.8 (36.9) As of March 31, 2025 As of June 30, 2025 Change Annualized premiums from policies in force (individual insurance) 2,855.8 2,802.8 (52.9) Status of Insurance Policies (Individual Insurance) For the three months ended June 30, 2024 For the three months ended June 30, 2025 Year-on-year change Core profit 43.4 92.0 + 48.5 Net capital gains (losses) 29.9 (19.5) (49.5) Non-recurring gains (losses) (5.8) (4.0) + 1.7 Ordinary profit 67.5 68.3 + 0.8 Net income increased by ¥13.7 billion to ¥34.6 billion. 13 (Billions of yen) Note: Positive figures indicate net reversals and negative figures (in parentheses) indicate net provisions. (Billions of yen) ʲAnnualized Premiums from New Policies (Individual Insurance) ʳ ʲNumber of Policies in Force (Individual Insurance) ʳ 13,090 12,780 12,590 6,600 6,020 5,900 19,700 18,810 18,490 0 5,000 10,000 15,000 20,000 25,000 Mar. 31, 2024 Mar. 31, 2025 June. 30, 2025 New Category Postal Life Insurance Category 23.0 63.8 26.8 0.0 20.0 40.0 60.0 80.0 2023 2024 2025 (Billions of yen) (Policies in thousands) (as of) (three months ended June 30)
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Reference] Supplementary Information by Segment (1) Percentage achievement of full-year results forecast for the fiscal year ending 14 Postal and domestic logistics business segment Post office business segment International logistics business segment Real estate business segment Net operating income forecast 29.0 4.0 13.0 18.0 1Q percentage achievement 1.7% 155.7% 3.2% 30.2% *Expenses associated with responding to the incidents of unperformed roll calls In its response to the administrative disposition revoking permission for its general motor truck transportation business, received on June 25, 2025, Japan Post Co. expects that this will have an impact on net income (loss) from the postal and domestic logistics business. Of this impact, an increase of approximately ¥6.5 billion in collection, transport and delivery outsourcing expenses can be predicted with a high degree of certainty at present. Trends in net operating income (loss) (by segment) (Billions of yen) March 31, 2026 (by segment) Note: EBIT is shown for the international logistics business segment. See p.3 for the banking business segment and the life insurance business segment. 20.3 4.0 (7.0) (36.4) 0.4 11.3 20.7 17.8 13.8 6.2 6.5 4.0 0.8 0.9 0.4 (1.5) 8.5 5.4 (40.0) (30.0) (20.0) (10.0) 0.0 10.0 20.0 30.0 2021 2022 2023 2024 2025 Postal and domestic logistics business Post office business International logistics business Real estate business ˎ (Billions of yen) (three months ended June 30)
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Copyright © JAPAN POST GROUP. All Rights Reserved. 67 66 66 66 69 2021 2022 2023 2024 2025 183 180 176 173 172 2021 2022 2023 2024 2025 (three months ended June 30) 644 633 626 622 605 2021 2022 2023 2024 2025 (three months ended June 30) 15 [Postal and Domestic Logistics Business Segment] Average Unit Prices of Yu-Pack, etc. (Yen) [Real Estate Business Segment] Trend in Operating Income from Leasing [Reference] Supplementary Information by Segment (2) ʲYu-Pack ʳ ʲYu-Packet ʳ ʲYu-Mail ʳ(Yen) (Yen) (Yen) (three months ended June 30) 8.6 8.8 10.2 12.6 15.9 5.0 10.0 15.0 20.0 2021 2022 2023 2024 2025 0.0 (Billions of yen) (three months ended June 30)
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Appendix
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Appendix] Condensed Consolidated Balance Sheets As of Mar. 31, 2025 As of June 30, 2025 Change Cash and due from banks 67,122.2 65,140.9 (1,981.3) Call loans 2,165.0 1,550.0 (615.0) Receivables under resale agreements 9,068.4 7,950.5 (1,117.9) Money held in trust 12,182.0 12,443.4 + 261.4 Securities 190,938.3 191,116.0 + 177.7 Loans 5,584.0 6,436.5 + 852.5 Tangible fixed assets 3,259.0 3,334.1 + 75.0 Intangible assets 323.8 329.6 + 5.8 Deferred tax assets 1,181.9 1,071.8 (110.0) Total assets 297,149.6 294,048.1 (3,101.5) As of Mar. 31, 2025 As of June 30, 2025 Change Deposits 188,137.5 188,886.7 + 749.1 Payables under repurchase agreements 31,501.9 28,337.8 (3,164.1) Policy reserves and others 50,165.6 49,610.1 (555.4) Payables under securities lending transactions 2,004.6 1,967.9 (36.7) Borrowed money 2,832.8 2,872.0 + 39.2 Liability for retirement benefits 2,030.8 2,062.0 + 31.2 Total liabilities 281,860.1 278,637.5 (3,222.5) Total net assets 15,289.5 15,410.5 + 120.9 Total liabilities and net assets 297,149.6 294,048.1 (3,101.5) 16 (Billions of yen)
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Appendix] Japan Post Bank (Non-consolidated): Status of Investment Assets As of Mar. 31, 2025 Composition ratio (%) As of June 30, 2025 Composition ratio (%) Change Securities 143,565.3 62.3 143,981.0 63.1 + 415.6 Japanese government bonds 40,342.6 17.5 40,817.9 17.9 + 475.3 Japanese local government bonds, corporate bonds, etc. (Note 1) 15,796.3 6.8 15,850.5 6.9 + 54.2 Foreign securities, etc. 87,426.3 37.9 87,312.4 38.3 (113.9) Foreign bonds 27,823.7 12.0 27,835.8 12.2 + 12.1 Investment trusts (Note 2) 59,437.3 25.8 59,325.5 26.0 (111.7) Money held in trust 5,721.9 2.4 5,745.3 2.5 + 23.4 Domestic stocks 616.5 0.2 651.4 0.2 + 34.9 Loans 3,130.5 1.3 3,998.5 1.7 + 867.9 Due from banks, etc. (Note 3) 64,888.0 28.1 63,140.7 27.7 (1,747.3) Short-term investments and others (Note 4) 12,938.8 5.6 11,025.5 4.8 (1,913.2) Total investment assets 230,244.8 100.0 227,891.2 100.0 (2,353.5) 17 (Billions of yen) Notes: 1. “Japanese local government bonds, corporate bonds, etc.” consists of Japanese local government bonds, commercial paper, Japanese corporate bonds and Japanese stocks. 2. The major investment target in “Investment trusts” is foreign bonds, including private equity funds, etc. 3. “Due from banks, etc.” consists of Bank of Japan deposits and monetary claims bought. 4. “Short-term investments and others” consists of call loans and receivables under resale agreements, etc. (Trillions of yen) 49.2 38.1 43.8 40.3 40.8 16.1 16.2 15.9 15.7 15.8 74.1 78.3 86.6 87.4 87.3 5.8 6.5 6.1 5.7 5.7 4.4 5.6 6.8 3.1 3.9 66.6 68.2 57.8 64.8 63.1 13.2 13.1 13.7 12.9 11.0 229.6 226.3 231.0 230.2 227.8 0 50 100 150 200 250 Mar.31, 2022 Mar.31, 2023 Mar.31, 2024 Mar.31, 2025 June.30, 2025 Short-term Investments and others Due from banks, etc. Loans Money held in trust Foreign securities, etc. Japanese local government bonds, corporate bonds, etc. Japanese government bonds (as of)
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Copyright © JAPAN POST GROUP. All Rights Reserved. As of Mar. 31, 2025 Composition ratio (%) As of June 30, 2025 Composition ratio (%) Change Securities 46,528.7 78.1 46,357.6 78.7 (171.1) Japanese government bonds 35,390.3 59.4 35,265.8 59.8 (124.5) Japanese local government bonds 2,123.4 3.6 2,108.3 3.6 (15.1) Japanese corporate bonds 4,126.0 6.9 4,037.8 6.9 (88.1) Japanese stocks 594.7 1.0 638.0 1.1 + 43.2 Foreign securities 2,024.5 3.4 2,107.8 3.6 + 83.3 Other securities 2,269.6 3.8 2,199.7 3.7 (69.8) Money held in trust 6,460.0 10.8 6,698.0 11.4 + 238.0 Domestic stocks 3,077.4 5.2 3,338.4 5.7 + 260.9 Loans 2,530.0 4.2 2,514.6 4.3 (15.4) Others 4,036.8 6.8 3,359.7 5.7 (677.0) Total assets 59,555.6 100.0 58,930.0 100.0 (625.6) [Appendix] Japan Post Insurance (Consolidated): Status of Investment Assets 18 (Billions of yen) Japanese government bonds Japanese local government bonds Japanese corporate bonds (Trillions of yen) 37.4 37.1 36.0 35.3 35.2 4.4 3.4 2.6 2.1 2.1 4.8 4.2 4.1 4.1 4.0 0.4 0.4 0.5 0.5 0.6 4.3 2.9 2.1 2.0 2.1 1.9 1.7 2.1 2.2 2.1 4.5 4.7 6.2 6.4 6.6 4.2 3.6 3.2 2.5 2.5 4.9 4.4 3.6 4.0 3.3 67.1 62.6 60.8 59.5 58.9 0 20 40 60 80 Mar.31, 2022 Mar.31, 2023 Mar.31, 2024 Mar.31, 2025 June.30, 2025 (as of) Foreign securities Money held in trust Loans Others Japanese stocks Other securities
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Appendix] Trends in Net Ordinary Income (loss) 19 288.4 162.6 173.0 211.4 225.1 34.5 27.3 8.4 (16.0) 8.4 162.6 120.4 118.4 137.7 153.8 92.0 13.4 43.2 68.1 67.4 (50.0) 0.0 50.0 100.0 150.0 200.0 250.0 300.0 2021 2022 2023 2024 2025 (Billions of yen) (three months ended June 30)
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Appendix] Trends in Net Income (Loss) 20 159.7 118.5 (8.5) 74.7 67.7 32.6 29.7 9.3 (18.2) 2.4 120.8 88.8 86.8 96.2 104.8 41.2 11.6 21.0 20.9 34.6 (50.0) 0.0 50.0 100.0 150.0 200.0 2021 2022 2023 2024 2025 (Billions of yen) (three months ended June 30)
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Forecasts and other forward-looking statements presented in this document are based on information that Japan Post Holdings Co., Ltd. (the “Company”) is aware of at present and certain assumptions that the Company has deemed reasonable, and the Company provides no assurance that the forecasts will be achieved or with respect to any other forward-looking statements. The actual future results may vary considerably depending upon various factors, such as changes in monetary policy and economic fluctuation in Japan and overseas, changes in the competitive environment, the occurrence of large-scale disasters, etc. and changes in laws and regulations. The Company disclaims any responsibility to update any forward-looking statements contained herein to the extent permitted by law or stock exchange rule.