Steady growth for mail and parcel services was more than offset by a decline for financial, retail and logistics divisions for Japan Post in 2019.

Yu-Packet volumes grew by a fifth as Japan Post sought partnerships to increase its market share in lightweight e-commerce delivery. However, parcel revenue growth was offset by declining mail demand, the impact of low interest rates on banking operations and the suspension of insurance sales for the post office network. Meanwhile, operating profitability for the international logistics division continued to fall, with Japan Post announcing in late 2020 that it would look to divest its global express division.  For more details download the latest IPC Carrier Intelligence Report for Japan Post.

 

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