Japan Post Holdings


Japan Post Holdings Co., Ltd. is a Japanese publicly traded conglomerate headquartered in Kasumigaseki, Chiyoda, Tokyo. It is mainly engaged in postal and logistics business, financial window business, banking business and life insurance business. The company offers letters and goods transportation services, stamp sales, deposits, loans, and insurance products.
On November 4, 2015, Japan Post Holding was listed on the Tokyo Stock Exchange as part of a "triple IPO" with shares offered as well in Japan Post Bank and Japan Post Insurance. About 10% of the shares in each company was offered.
As of September 2017, Japan Post Holdings had 24,000 offices and 400,000 employees. Masatsugu Nagato is the president and CEO.

History

The company was founded on 23 January 2006, although it was not until October 2007 that it took over the functions of Japan Post.
There were plans to fully privatize the company, but these have been put on hold., it ranked thirteenth in the Fortune Global 500 list of the world's largest companies.
On April 25, 2017, Japan Post Holdings said it would have a ¥40bn loss for its first full financial year as a listed company, due to losses from Toll Holdings, which it controversially acquired in 2015.
In September 2017, the Japanese government announced its sale of $12 billion worth of Japan Post Holdings Co. Ltd. stock. It was the first sale since the 2015 IPO of the postal company and its two units, Japan Post Bank Co. Ltd. and Japan Post Insurance Co. Ltd.. That sale also raised $12 billion, which was used for the repair and reconstruction of places that were destroyed by an earthquake and tsunami in 2011.
In December 2019, the heads of Japan Post Holdings announced that they will resign over the improper sales of insurance policies, after the regulator announced administrative punishments against the companies. The company said that Hiroya Masuda, a former minister of Internal Affairs and Communications, has been appointed as successor to current CEO Masatsugu Nagato.

Operating companies

The group operates via four main divisions: