Japan Post Holdings raises full-year earnings forecast significantly

Japan Post Holdings (TSE:6178) has revised its consolidated financial results forecast for the fiscal year ending March 31, 2025, upward due to better-than-expected performance from its key subsidiaries, Japan Post Bank and Japan Post Insurance. The company now projects an increase in ordinary income to JPY 11,450,000 million from the previous forecast of JPY 11,280,000 million. Net income attributable to Japan Post Holdings is expected to increase to JPY 360,000 million, a significant rise from the earlier forecast of JPY 280,000 million, and earnings per share are predicted to be JPY 115.89, up from JPY 89.99. The improved outlook is attributed to favorable investment environments boosting asset management income at the bank and insurance units. Despite revisions to postal rates by Japan Post Co., Ltd., these revisions were within expectations, allowing Japan Post Holdings to revise their full year outlook. The company has maintained its dividend forecast.