Japan Post has reported its results for the period to 31 December 2017.
In Toll Group’s international logistics business, operating income (revenue) increased by 3.6% or A$218.0 million year-on-year, to reach A$6,206.0 million, owing to the increase in operating income mainly in the Global Logistics business. Net operating income (EBIT) for the last quarter from October to December 2017 was A$66.0 million, exceeding Q3 in the previous fiscal year as well as Q2 in this fiscal year. EBIT for the nine months ended December 31, 2017 was A$100.0 million, representing an increase of 20.5%, or A$17.0 million, year-on-year.
For the Postal and Domestic Logistics Business at Japan Post, revenue growth was driven by a continuous increasing trend in volume of Yu-Pack and Yu-Packet handled (25.0% increase year-on-year), themselves driven by growth in eCommerce markets. Operating income climbed 62.5% and net operating income rose by Y26.7 billion year-on-year to Y28.9 billion due to a rise in operating income exceeding an increase in expenses such as personnel expenses and collection, transport and delivery outsourcing expenses.