Japan Post : Materials for Japan Post Group Large Meeting

Materials for Large Meeting

July 7, 2023

Contents

FY2022 Results and FY2023 Forecast

２

Progress of Medium-term Management Plan

７

Capital Policy

２０

Management Strategy of Japan Post Co., Ltd.	２５
Appendix	４０

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FY2022 Results and FY2023 Forecast

Copyright © 2023 JAPAN POST GROUP. All Rights Reserved. 2

FY2022 Results and FY2023 Forecast

Ｋｅｙ Ｐｏｉｎｔｓ

• Group consolidated net income for the fiscal year ended March 31, 2023 was ¥431.0 billion, exceeding the full-yearforecast of ¥400.0 billion.
• Group consolidated net income for the fiscal year ending March 31, 2024 is forecast at ¥240.0 billion, down ¥191.0 billion year on year.
• Decrease in net income will be attributable partly to a ¥97.0 billion decrease due to lower equity interests in Japan Post Bank.
• Currently, the number of parcels such as Yu-Pack items handled increased 1.1% year on year (cumulative total as of May 31), and Japan Post Insurance's sales activity is on a growth trend compared to the previous fiscal year.
• We aim to achieve results targets by improving and strengthening the Group's core businesses, promoting the real estate business, etc.amid the severe business climate, with expenses expected to climb due to rising personnel expenses and increases in the price of goods.

Copyright © 2023 JAPAN POST GROUP. All Rights Reserved. 3

FY2022 Results

• Group consolidated net income was ¥431.0 billion, exceeding the forecast albeit a year-on-year decline.
• Although Japan Post Co.'s post office business posted higher net income year on year, its postal and domestic logistics business posted lower net income year on year, mainly due to the struggling parcel segment caused by intensified competition with other companies. As a result, Japan Post Co.'s performance was almost in line with the forecast.

Trends in net income for the past 3 fiscal years

Comparison with forecasts and year-on-year changes

Consolidated

418.2

501.6

(Billions of yen)

Results forecast

Results for the

Year-on-year

fiscal year ended

net income

for the fiscal year

change

93.2

431.0

ended Mar. 31, 2023

Mar.31, 2023

Japan Post

53.4

Consolidated

¥400.0 bil.

¥431.0 bil.

¥(70.6) bil.

62.1

net income

Co.

Japan Post

280.1

355.0

Japan Post Co.

¥60.0 bil.

¥62.1 bil.

¥(31.1) bil.

Bank

325.0

Postal and domestic

¥55.0 bil.

¥32.8 bil.

¥(69.3) bil.

logistics*

Post office*

¥35.0 bil.

¥49.3 bil.

+¥24.7 bil.

Japan Post

166.1

158.0

Int'l logistics*

¥5.0 bil.

¥10.7 bil.

¥(18.0) bil.

Insurance

97.6

Japan Post Bank

¥320.0 bil.

¥325.0 bil.

¥(30.0) bil.

Adjustments*

(81.4)

(104.6)

(53.7)

• Group consolidated net income and the combined figures of each subsidiary do not correspond because of consolidation accounting procedures, etc.

Years ended	2021	2022	2023
March 31,

Notes:

Japan Post	¥97.0 bil.		¥97.6 bil.		¥(60.4) bil.
Insurance	(Initial plan: ¥71.0 bil.)
ROE
-		4.4%
		-
(shareholders' equity basis)

• Figures less than ¥0.1 billion are rounded down. The figures of Japan Post Holdings (consolidated) and the combined figures of each subsidiary do not correspond because of other consolidated accounting procedures, etc.
• The amounts of net income attributable to Japan Post Holdings, 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 net income of Japan Post Holdings (consolidated), Japan Post Co. (consolidated), Japan Post Bank (consolidated) and Japan Post Insurance (consolidated), respectively.
• The figures of each business under Japan Post Co. are net operating income, and the combined figures of each business do not correspond to net income of Japan Post Co.

Copyright © 2023 JAPAN POST GROUP. All Rights Reserved. 4