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  • Rank38
  • Previous Rank23
  • CEO
    Taizo Nishimuro
  • Address
    1-3-2 Kasumigaseki, Tokyo 100-8798
  • Websitehttp://www.japanpost.jp
  • Industry
    Insurance: Life, Health (stock)

The Japanese mail, banking, and insurance giant Japan Post will soon be a little more private. The company, which is owned by the Japanese government, was formed in 2003 as part of an effort to privatize the nation’s postal service. The goal has been a long time coming and was last put on hold in 2010. But earlier this year Japan Post announced a plan to spend $16 billion to upgrade its systems and expand overseas in order to get ready for the company’s IPO. The public offering could come as early as the second half of 2015. Executives of Japan Post say they would like the company to be a leading player in the global logistics industry. Recently, though, the company has struggled. Profits fell nearly 15% last year, and its slide on the Fortune Global 500 continued, down to No. 38. Two years ago, it was ranked No. 13.

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Company Information

CEO
Taizo Nishimuro
Industry
Insurance: Life, Health (stock)
Sector
Financials
HQ Location
Tokyo, Japan
Websitehttp://www.japanpost.jp
Years on List19
Figures are for fiscal year ended March 31, 2015. Government owned 50% or more.

Key Financials (last fiscal year)

($ Millions)% change
Revenues129,686.7-14.8%
Profits4,390.1-8.2%
Assets2,467,265.4-
Employees221,000-

Profits as a % of

Profit as % of Revenues3.4%
Profits as % of Assets0.2%
Profits as % of Stockholder Equity4.7%