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JP Note : 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 . Financial Results for the 1st Quarter of the Fiscal Year Ending March 31 , 2027 ( From April 1 , 2026 to June 30 , 2026 ) August 7 , 2026 JAPAN POST HOLDINGS Co. , Ltd. ( Tokyo Stock Exchange , Prime Market : 6178 )
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1. 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, 2025 For the three months ended June 30, 2026 Year-on-year change Forecast for the Fiscal Year Ending March 31, 2027 Percentage achievement Ordinary income 2,810.2 2,985.8 + 175.6 11,360.0 26.3% + 6.2% Net ordinary income 225.1 339.8 + 114.7 1,170.0 29.0% + 50.9% Net income attributable to Japan Post Holdings 76.5 125.3 + 48.7 380.0 33.0% + 63.8% • Ordinary income was ¥2,985.8 billion, an increase of ¥175.6 billion year-on-year. • Net ordinary income was ¥339.8 billion, an increase of ¥114.7 billion year-on-year. • Net income attributable to Japan Post Holdings was ¥125.3 billion, an increase of ¥48.7 billion year-on-year. 1 ◼ Results of Operations and Full-year Results Forecast Notes: 1. From the next page onward, “net income” and “net income (loss)” represent the amounts of “net income attributable to Japan Post Holdings” and “net income (loss) attributable to Japan Post Holdings,” respectively. 2. Reclassified to reflect the finalization of the purchase price allocation (PPA) for the JP Tonami Group, which became a consolidated subsidiary in the three months ended June 30, 2025. (Note 2) (Note 2) (Note 2) (Note 1)
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Copyright © JAPAN POST GROUP. All Rights Reserved. (Billions of yen) • Net income was ¥9.5 billion for Japan Post Co., ¥177.5 billion for Japan Post Bank, and ¥34.1 billion for Japan Post Insuranc e. • Revenue increased but income decreased for Japan Post Co. Revenue and income increased for Japan Post Bank. Revenue and income decreased for Japan Post Insurance. ◼ Results of Operations for the Three Months Ended June 30, 2026 Japan Post Co. (Consolidated) Japan Post Bank (Consolidated) Japan Post Insurance (Consolidated) Ordinary income 940.2 848.1 1,364.3 Year-on-year (for the three months ended June 30, 2025) Change + 42.3 + 180.9 (69.7) + 4.7% + 27.1% (4.9)% Net ordinary income 4.2 253.5 69.2 Year-on-year (for the three months ended June 30, 2025) Change (4.1) + 99.6 + 1.8 (49.5)% + 64.7% + 2.8% Net income 9.5 177.5 34.1 Year-on-year (for the three months ended June 30, 2025) Change (1.7) + 72.7 (0.5) (15.2)% + 69.3% (1.5)% Japan Post Co. (Consolidated) Japan Post Bank (Consolidated) Japan Post Insurance (Consolidated) Net ordinary income (loss) (83.0) 955.0 250.0 1Q percentage achievement - 26.5% 27.7% Net income (loss) (79.0) 660.0 141.0 1Q percentage achievement - 26.9% 24.2% ◼ Forecast for the Fiscal Year Ending March 31, 2027 2 Summary of Financial Results (the Principal Subsidiaries) (Billions of yen) Note: The amounts of net income (loss) attributable to Japan Post Co., net income attributable to Japan Post Bank and net inc ome attributable to Japan Post Insurance have been used for Japan Post Co. (consolidated), Japan Post Bank (consolidated) and Japan Post Insurance (consolidated), res pectively. Note: Reclassified to reflect the finalization of the purchase price allocation (PPA) for the JP Tonami Group, which became a consolidated subsidiary in the three months ended June 30, 2025. (Note) (Note)
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Copyright © JAPAN POST GROUP. All Rights Reserved. Segment Information For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Postal and Domestic Logistics Business Operating income 570.9 566.0 (4.9) Net operating income (loss) 0.4 (5.6) (6.1) Post Office Business Operating income 254.6 252.7 (1.9) Net operating income 6.2 2.0 (4.2) International Logistics Business Operating income 109.2 154.5 + 45.2 Net operating income (EBIT) 0.4 2.3 + 1.9 Real Estate Business Operating income 20.1 28.2 + 8.0 Net operating income 5.4 9.6 + 4.1 Banking Business (Japan Post Bank) Ordinary income 667.2 848.1 + 180.9 Net ordinary income 153.8 253.5 + 99.6 Life Insurance Business (Japan Post Insurance) Ordinary income 1,434.1 1,364.3 (69.7) Net ordinary income 67.4 69.2 + 1.8 (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) （Billions of yen） Net ordinary income ＋ 114.7 Net operating income from postal and domestic logistics business (6.1) Net operating income from post office business (4.2) Net operating income from international logistics business ＋ 1.9 Net operating income from real estate business ＋ 4.1 Net ordinary income from banking business ＋ 99.6 Net ordinary income from life insurance business ＋ 1.8 Other net ordinary income ＋ 17.7 Extraordinary gains and losses Income taxes, etc. (37.7) Net income attributable to non-controlling interests (28.1) Net income (Three months ended June 30, 2025) 76.5 Net income (Three months ended June 30, 2026) 125.3 (Note) + 48.7 Note: Reclassified to reflect the finalization of the purchase price allocation (PPA) for the JP Tonami Group, which became a consolidated subsidiary in the three months ended June 30, 2025. ◆ Equity method income including +¥15.0 billion for Aflac Incorporated (Three months ended June 30, 2025: ¥(2.4) billion → three months ended June 30, 2026: ¥12.6 billion)
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2. Segment Status
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Copyright © JAPAN POST GROUP. All Rights Reserved. Organization Chart of Japan Post Group 5 Japan Post Holdings Banking Business Life Insurance Business Postal and Domestic Logistics Business Post Office Business International Logistics Business Real Estate Business Japan Post Corporate Service Japan Post Capital JP Digital Japan Post Architecture and Engineering Co.,Ltd. Aflac Incorporated and others Japan Post Insurance Japan Post Real Estate Japan Post Bank Japan Post Co. Toll Holdings Pty Limited Japan Post Office Support Japan Post Trading Service Japan Post Information Technology and others JP Tonami Group Japan Post Transport JP Rakuten Logistics and others Japan Post Properties Japan Post Building Management Japan Post Bank Loan Center Co., Ltd. Japan Post Bank Asset Management Co., Ltd. Japan Post Bank Capital Partners Co., Ltd. and others Japan Post Insurance System Solutions Co.,Ltd. Daiwa Asset Management Co.Ltd. and others (Note 1) (Note 1) Notes: 1. Affiliates accounted for by the equity method. 2. The companies shown within the dashed line are principal subsidiaries and affiliates accounted for by the equity method.
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Copyright © JAPAN POST GROUP. All Rights Reserved. For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Operating income 570.9 566.0 (4.9) Operating expenses 570.5 571.7 + 1.1 Personnel expenses 336.4 333.7 (2.6) Other expenses 234.0 237.9 + 3.8 Net operating income (loss) 0.4 (5.6) (6.1) Results of Operations for the Three Months Ended June 30, 2026 Trends in Volume of Items Handled Postal and Domestic Logistics Business Japan Post Co. (Consolidated): Financial Highlights • The volume of items handled decreased by 4.0% year on year due to a decrease in mail and Yu-Mail, despite an increase in Yu-Pack and Yu-Packet. • Operating income decreased by ¥4.9 billion, with a decrease in income from mail, despite an increase in income from parcels. • Net operating loss of ¥5.6 billion was recorded (a decrease of ¥6.1 billion from net operating income of ¥0.4 billion in the same period of the previous fiscal year), due to an increase in operating expenses such as collection, transport and delivery outsourcing expenses, in addition to the decline in operating income. 6 (Billions of yen) Depreciation and amortization ＋1.0 Postal service commissions ＋0.8 Supplies expenses (1.5) (Billions of yen)〔Trends in Net Operating Income (Loss)〕 2024 2025 2026 (36.4) 0.4 (5.6) Other expenses ＋ 3.8 Decrease in operating income (4.9) Other operating expenses ＋ 0.0 Personnel expenses (2.6) Collection, transport and delivery outsourcing expenses ＋ 3.8 Standard mail (10.2) Sales revenue of Postage Stamps and Postcards (2.5) Parcels (Yu-Pack , Yu-Packet , Yu-Mail) ＋5.9 (three months ended June 30) Net operating income （Three months ended June 30, 2025) 0.4 Net operating loss （Three months ended June 30, 2026) (5.6) Domestic collection, Delivery outsourcing expenses ＋3.9 International mails delivery expenses (0.0) Retirement benefit expenses (1.7) Salaries and allowances, etc (0.9) Legal welfare expenses (0.0) 3,148 2,970 2,793 788 768 759 127 136 150 129 132 142 4,193 4,005 3,844 1,500 2,000 2,500 3,000 3,500 4,000 4,500 2024 2025 2026 0 (Volume of items handled in millions) (5.9) % (1.2) % ＋ 10.7 % Yu-Mail Yu-Packet Mail Yu-Pack (4.0) % ＋ 7.6 % (three months ended June 30) (5.7) % (2.6) % ＋ 2.2 % (4.5) % ＋ 6.9 % Analysis of Year-on-Year Change in Net Operating Income (Loss)
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Copyright © JAPAN POST GROUP. All Rights Reserved. Trends in the Earnings StructureAnalysis of Year-on-Year Change in Net Operating Income • Operating income decreased by ¥1.9 billion with the decline in insurance commissions and banking commissions, despite an increase in funds to maintain post office network. • Net operating income decreased by ¥4.2 billion, partly due to an increase in other expenses in addition to the decline in revenue. 7 Post Office Business Japan Post Co. (Consolidated): Financial Highlights (Billions of yen) Results of Operations for the Three Months Ended June 30, 2026 For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Operating income 254.6 252.7 (1.9) Operating expenses 248.4 250.7 + 2.2 Personnel expenses 176.0 175.8 (0.1) Other expenses 72.4 74.8 + 2.3 Net operating income 6.2 2.0 (4.2) (Billions of yen) Insurance commissions (5.6) Banking commissions (0.2) Postal service commissions ＋0.8 Commission fee ＋0.8 Mechanization related expenses ＋0.7 Supplies expenses ＋0.6 〔Trends in Net Operating Income〕 2024 2025 2026 13.8 6.2 2.0 Commissions for business consignment (4.9) Funds to maintain post office network ＋ 3.1 Other operating income (0.1) Personnel Expenses (0.1) Other expenses ＋ 2.3 (three months ended June 30) Net operating income (Three months ended June 30, 2026) 2.0 Net operating income (Three months ended June 30, 2025) 6.2 Third-party financial product agency services (0.2) Merchandising business (0.1) Administrative work contracted from local governments ＋0.2 Retirement benefit expenses (1.1) Salaries and allowances, etc +0.7 Legal welfare expenses +0.3 75.7 80.1 83.3 30.4 22.4 16.8 81.6 79.9 79.6 48.2 50.0 50.9 20.1 22.1 21.9 256.3 254.6 252.7 0.0 100.0 200.0 300.0 2024 2025 2026 (0.2) ＋ 0.8 (0.1) (5.6) ＋ 3.1 (Billions of yen) Other operating income Of which: Merchandising business Third-party financial product agency services 6.4 1.6 Postal service commissions Banking commissions Insurance commissions Funds to maintain post office network (1.9) (three months ended June 30) ＋ 1.7 ＋ 1.9 (1.6) (1.7) (8.0) ＋ 4.4
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Copyright © JAPAN POST GROUP. All Rights Reserved. • Operating income (revenue) increased by ¥45.2 billion, mainly due to an increase in the volume handled by the Global Logistics business and the Global Forwarding business. • Operating expenses increased by ¥43.3 billion, mainly due to a rise in expenses linked to the increase in income. • Net operating income (EBIT) increased by ¥1.9 billion 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, 2026: ¥113.16 to A$1.00 and for the three months ended June 30, 2025: ¥92.58 to A$1.00). 8 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, 2026 For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Operating income (revenue) 1,180 [109.2] 1,365 [154.5] + 185 [+ 45.2] Operating expenses 1,175 [108.8] 1,344 [152.1] + 168 [+ 43.3] Personnel expenses 334 [30.9] 334 [37.8] (0) [+ 6.8] Other expenses 840 [77.8] 1,009 [114.2] +169 [+ 36.4] Net operating income (EBIT) 4 [0.4] 21 [2.3] + 16 [+ 1.9] (Millions of Australian dollars)〔Trends in Net Operating Income (EBIT) 〕 2024 2025 2026 9 4 21 Operating income from Global logistics business ＋ 124 Operating income from Global forwarding business ＋ 61 Personnel Expenses (0) Operating income from Corporate (0) Other expenses ＋ 169 Global forwarding business (6) Corporate (4) Global Logistics business ＋10 Global Logistics business ＋105 Global forwarding business ＋63 Corporate ＋0 (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, 2026) 21 (2) (3) 1 (12) (19) (16) 24 27 36 (20) (10) 0 10 20 30 40 2024 2025 2026 9 4 21 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 IncomeAnalysis of Year-on-Year Change in Net Operating Income *Net ordinary income for the three months ended June 30, 2026 was ¥8.8 billion, up ¥4.2 billion year on year. 9 Real Estate Business: Financial Highlights (Billions of yen) • Operating income increased by ¥8.0 billion due to an increase in income from property sales. • Net operating income increased by ¥4.1 billion. Results of Operations for the Three Months Ended June 30, 2026 For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Operating income 20.1 28.2 + 8.0 Leasing 15.9 17.8 + 1.8 Property Sales 3.1 9.5 + 6.4 Operating expenses 14.7 18.6 + 3.8 Net operating income * 5.4 9.6 + 4.1 Operating income from leasing ＋ 1.8 Operating income from property sales ＋ 6.4 Other operating income (0.2) Depreciation and amortization ＋ 0.1 Taxes and dues ＋ 0.9 Other expenses ＋ 2.8 (Billions of yen) Azabudai Hills Mori JP Tower, etc, 〔Trends in Net Operating Income〕 2024 2025 2026 8.5 5.4 9.6 Cost of sales for real estate business ＋2.9 (three months ended June 30) Net operating income (Three months ended June 30, 2025) 5.4 Net operating income (Three months ended June 30, 2026) 9.6 (Billions of yen) 12.6 15.9 17.8 16.2 3.1 9.5 0.7 1.0 0.8 0.0 5.0 10.0 15.0 20.0 25.0 30.0 2024 2025 2026 (9.5) 29.6 20.1 ＋ 8.0 ＋ 6.4 (0.2) ＋ 1.8 Other Property Sales Leasing 28.2 (three months ended June 30) (13.0) ＋ 0.2 ＋ 3.3
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Copyright © JAPAN POST GROUP. All Rights Reserved. For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Operating income 894.7 936.5 + 41.8 Operating expenses 883.1 930.8 + 47.7 Personnel expenses 543.6 547.7 + 4.0 Other expenses 339.4 383.1 + 43.6 Net operating income 11.5 5.7 (5.8) Net ordinary income 8.4 4.2 (4.1) Extraordinary gains (losses) (Note) 6.7 7.6 + 0.9 Income before income taxes (Note) 15.1 11.9 (3.2) Net income (Note) 11.2 9.5 (1.7) [Reference] Japan Post Co. (Consolidated): Financial Highlights Analysis of Year-on-Year Change in Net Income 10 (Billions of yen) Results of Operations for the Three Months Ended June 30, 2026 Note: Reclassified to reflect the finalization of the purchase price allocation (PPA) for the JP Tonami Group, which became a consolidated subsidiary in the three months ended June 30, 2025. 〔Trends in Net Income (Loss)〕 2024 2025 2026 (18.2) 11.2 9.5 〔Trends in Net Operating Income (Loss)〕 2024 2025 2026 (14.7) 11.5 5.7 Net operating income from postal and domestic logistics business (6.1) Net operating income from post office business (4.2) Net operating income from international logistics business ＋ 1.9 Net operating income from real estate business ＋ 3.0 Other income (expenses) ＋ 3.6 Other income ＋0.5 Other expenses (1.1) Extraordinary gains ＋1.0 Extraordinary losses ＋0.1 (three months ended June 30) (three months ended June 30) Net income (Three months ended June 30, 2025) 11.2 Net income (Three months ended June 30, 2026) 9.5 (Note) (Note)
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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, 2025 For the three months ended June 30, 2026 Year-on- year change Consolidated gross operating profit 262.9 433.4 + 170.4 Net interest income 232.2 407.1 + 174.8 Net fees and commissions 41.1 43.0 + 1.9 Net other operating income (10.4) (16.7) (6.3) Gains (losses) on foreign exchanges (10.3) (16.7) (6.4) Gains (losses) on Japanese government bonds, etc. (0.1) (0.0) + 0.0 General and administrative expenses (excludes non-recurring losses) 240.7 245.9 + 5.2 Provision for general reserve for possible loan losses 0.0 - (0.0) Consolidated net operating profit 22.2 187.4 + 165.2 Non-recurring gains (losses) 131.6 66.0 (65.5) Net ordinary income 153.8 253.5 + 99.6 Net income 104.8 177.5 + 72.7 Net Interest Income (Non-consolidated) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Net interest income 228.7 407.1 + 178.3 Interest income 452.4 678.1 + 225.7 Interest expenses 223.6 270.9 + 47.3 Deposit Balance (Non-consolidated) • Net income increased by ¥72.7 billion to ¥177.5 billion. 11 (Billions of yen) Consolidated Results of Operations for the Three Months Ended June 30, 2026 (Billions of yen) (Trillions of yen) (as of) 190.4 186.1 190.9 186.2 0 50 100 150 200 Mar. 31, 2025 Mar. 31, 2026 June. 30, 2025 June. 30, 2026
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Copyright © JAPAN POST GROUP. All Rights Reserved. Consolidated Results of Operations for the Three Months Ended June 30, 2026 (Reference) Ordinary Profit (Non-consolidated) Life Insurance Business (Japan Post Insurance): Financial Highlights For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on- year change Ordinary income 1,434.1 1,364.3 (69.7) Ordinary expenses 1,366.7 1,295.0 (71.6) Ordinary profit 67.4 69.2 + 1.8 Extraordinary gains (losses) 16.5 11.6 (4.8) Reversal of reserve for price fluctuations (Note) 16.7 11.7 (5.0) Provision for reserve for policyholder dividends 36.2 33.3 (2.8) Net income 34.6 34.1 (0.5) Annualized premiums from new policies (individual insurance) 26.8 33.9 + 7.0 As of March 31, 2026 As of June 30, 2026 Change Annualized premiums from policies in force (individual insurance) 2,683.3 2,656.8 (26.4) Status of Insurance Policies (Individual Insurance) For the three months ended June 30, 2025 For the three months ended June 30, 2026 Year-on-year change Core profit 92.0 98.4 + 6.4 Net capital gains (losses) (19.5) (16.3) + 3.2 Non-recurring gains (losses) (4.0) (10.7) (6.7) Ordinary profit 68.3 71.3 + 2.9 • Net income decreased by ¥0.5 billion to ¥34.1 billion. 12 (Billions of yen) Note: Positive figures indicate net reversals and negative figures (in parentheses) indicate net provisions. (Billions of yen) 12,780 12,140 12,060 6,020 5,570 5,480 18,810 17,720 17,540 0 5,000 10,000 15,000 20,000 25,000 Mar. 31, 2025 Mar. 31, 2026 June. 30, 2026 New Category Postal Life Insurance Category 63.8 26.8 33.9 0.0 20.0 40.0 60.0 80.0 2024 2025 2026 (Billions of yen) (Policies in thousands) (as of)(three months ended June 30) 【Annualized Premiums from New Policies (Individual Insurance)】 【Number of Policies in Force (Individual Insurance)】
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Reference] Supplementary Information by Segment (1) ➢ Percentage achievement of full-year results forecast (by segment) Postal and domestic logistics business segment Post office business segment International logistics business segment Real estate business segment Net operating income (loss) Forecast (104.0) (6.0) 13.0 24.0 1Q percentage achievement - - 18.4% 40.0% (Billions of yen) 13 ➢ Trends in net operating income (loss) (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.Note: EBIT is shown for the international logistics business segment. See p.3 for the banking business segment and the life insurance business segment. (Billions of yen) 4.0 (7.0) (36.4) 0.4 (5.6) 20.7 17.8 13.8 6.2 2.0 4.0 0.8 0.9 0.4 2.3 (1.5) 8.5 5.4 9.6 (40.0) (30.0) (20.0) (10.0) 0.0 10.0 20.0 30.0 2022 2023 2024 2025 2026 Postal and domestic logistics business Post office business International logistics business Real estate business (three months ended June 30)
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Reference] Supplementary Information by Segment (2) 14 【Yu-Pack】 【Yu-Packet】 【Yu-Mail】(Yen) (Yen) (Yen) ➢ [Postal and Domestic Logistics Business Segment] Average Unit Prices of Yu-Pack, etc. ➢ [Real Estate Business Segment] Trend in Operating Income from Leasing 66 66 66 69 71 2022 2023 2024 2025 2026 180 176 173 172 173 2022 2023 2024 2025 2026 (three months ended June 30) 633 626 622 605 583 2022 2023 2024 2025 2026 (three months ended June 30) (three months ended June 30) 8.8 10.2 12.6 15.9 17.8 0.0 10.0 20.0 2022 2023 2024 2025 2026 0.0 (three months ended June 30) (Billions of yen)
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3. Appendix
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Appendix] Condensed Consolidated Balance Sheets As of Mar. 31, 2026 As of June 30, 2026 Change Cash and due from banks 57,012.1 50,848.7 (6,163.4) Call loans 1,790.0 1,505.0 (285.0) Receivables under resale agreements 8,742.6 7,667.7 (1,074.9) Money held in trust 14,262.6 15,097.0 + 834.4 Securities 191,440.4 191,444.7 + 4.3 Loans 6,434.1 8,183.4 + 1,749.2 Tangible fixed assets 3,362.0 3,358.4 (3.6) Intangible assets 326.4 315.0 (11.3) Deferred tax assets 822.2 572.1 (250.1) Total assets 289,864.5 284,714.7 (5,149.7) As of Mar. 31, 2026 As of June 30, 2026 Change Deposits 184,652.0 185,071.2 + 419.2 Payables under repurchase agreements 27,113.3 21,842.2 (5,271.0) Policy reserves and others 48,102.3 47,751.1 (351.1) Payables under securities lending transactions 2,433.7 2,161.4 (272.3) Borrowed money 3,209.4 3,224.2 + 14.8 Liability for retirement benefits 1,752.2 1,779.2 + 27.0 Total liabilities 273,382.5 267,737.2 (5,645.3) Total net assets 16,481.9 16,977.5 + 495.6 Total liabilities and net assets 289,864.5 284,714.7 (5,149.7) 15 (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, 2026 Composition ratio (%) As of June 30, 2026 Composition ratio (%) Change Securities 145,374.0 65.1 145,341.5 66.6 (32.5) Japanese government bonds 41,437.8 18.5 42,402.7 19.4 + 964.8 Japanese local government bonds, corporate bonds, etc.(Note 1) 15,679.0 7.0 15,326.9 7.0 (352.1) Foreign securities, etc. 88,257.0 39.5 87,611.8 40.1 (645.2) Foreign bonds 29,013.6 13.0 29,422.4 13.4 + 408.7 Investment trusts(Note 2) 59,056.6 26.4 57,995.0 26.5 (1,061.5) Money held in trust 6,222.8 2.7 6,521.7 2.9 + 298.9 Domestic stocks 800.8 0.3 811.1 0.3 + 10.2 Loans 4,372.1 1.9 6,164.1 2.8 + 1,791.9 Due from banks, etc.(Note 3) 54,527.0 24.4 48,625.8 22.2 (5,901.1) Short-term investments and others(Note 4) 12,600.7 5.6 11,464.3 5.2 (1,136.4) Total investment assets 223,096.8 100.0 218,117.6 100.0 (4,979.2) 16 (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 negotiable certificates of deposit, 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) 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) 38.1 43.8 40.3 41.4 42.4 16.2 15.9 15.7 15.6 15.3 78.3 86.6 87.4 88.2 87.6 6.5 6.1 5.7 6.2 6.5 5.6 6.8 3.1 4.3 6.1 68.2 57.8 64.8 54.5 48.6 13.1 13.7 12.9 12.6 11.4 226.3 231.0 230.2 223.0 218.1 0 50 100 150 200 250 Mar.31, 2023 Mar.31, 2024 Mar.31, 2025 Mar.31, 2026 June.30, 2026
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Copyright © JAPAN POST GROUP. All Rights Reserved. As of Mar. 31, 2026 Composition ratio (%) As of June 30, 2026 Composition ratio (%) Change Securities 44,931.2 76.9 44,920.1 77.1 (11.1) Japanese government bonds 34,085.3 58.3 33,903.0 58.2 (182.3) Japanese local government bonds 1,927.0 3.3 1,921.9 3.3 (5.0) Japanese corporate bonds 3,755.6 6.4 3,717.5 6.4 (38.1) Japanese stocks 787.9 1.3 916.6 1.6 + 128.6 Foreign securities 2,104.9 3.6 2,134.7 3.7 + 29.7 Other securities 2,270.2 3.9 2,326.1 4.0 + 55.8 Money held in trust 8,039.8 13.8 8,575.2 14.7 + 535.4 Domestic stocks 4,166.8 7.1 4,453.9 7.6 + 287.0 Loans 2,134.7 3.7 2,092.0 3.6 (42.7) Others 3,336.2 5.7 2,699.3 4.6 (636.8) Total assets 58,442.1 100.0 58,286.8 100.0 (155.3) [Appendix] Japan Post Insurance (Consolidated): Status of Investment Assets 17 (Billions of yen) (Trillions of yen)(Trillions of yen) Japanese government bonds Japanese local government bonds Japanese corporate bonds (as of) Foreign securities Money held in trust Loans Others Japanese stocks Other securities 37.1 36.0 35.3 34.0 33.9 3.4 2.6 2.1 1.9 1.9 4.2 4.1 4.1 3.7 3.7 0.4 0.5 0.5 0.7 0.9 2.9 2.1 2.0 2.1 2.1 1.7 2.1 2.2 2.2 2.3 4.7 6.2 6.4 8.0 8.5 3.6 3.2 2.5 2.1 2.0 4.4 3.6 4.0 3.3 2.6 62.6 60.8 59.5 58.4 58.2 0 20 40 60 80 Mar.31, 2023 Mar.31, 2024 Mar.31, 2025 Mar.31, 2026 June.30, 2026
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Copyright © JAPAN POST GROUP. All Rights Reserved. 162.6 173.0 211.4 225.1 339.8 27.3 8.4 (16.0) 8.4 4.2 120.4 118.4 137.7 153.8 253.5 13.4 43.2 68.1 67.4 69.2 (50.0) 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 2022 2023 2024 2025 2026 [Appendix] Trends in Net Ordinary Income (Loss) 18 (three months ended June 30) (Billions of yen)
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Copyright © JAPAN POST GROUP. All Rights Reserved. [Appendix] Trends in Net Income (Loss) 19 Note: Reclassified to reflect the finalization of the purchase price allocation (PPA) for the JP Tonami Group, which became a consolidated subsidiary in the three months ended June 30, 2025. 118.5 (8.5) 74.7 76.5 125.3 29.7 9.3 (18.2) 11.2 9.5 88.8 86.8 96.2 104.8 177.5 11.6 21.0 20.9 34.6 34.1 (50.0) 0.0 50.0 100.0 150.0 200.0 2022 2023 2024 2025 2026 (three months ended June 30) (Billions of yen) (Note) (Note)
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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.