Driven by continued declining performance for Japan Post Bank and Japan Post Insurance, total revenue for Japan Post fell 3.1% to €100bn in 2017. However, the operator has seen strong growth in demand for parcel services, with Yu-Pack volumes increasing more than 25% year on year in 2017. With plans to sell its shareholdings in Japan Post Bank and Japan Post Insurance, the operator is looking to diversify revenue sources, investing in logistics services and real estate, for example. For more details, download the IPC Carrier Intelligence Report for Japan Post.
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