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State-linked holding company for Japan's postal service, postal bank (Japan Post Bank) and life insurer (Japan Post Insurance).
State-linked holding company for Japan's postal service, postal bank (Japan Post Bank) and life insurer (Japan Post Insurance).
The post offices act as the shared sales network: the bank takes savings deposits and invests them largely in bonds, and the insurer sells policies, while the mail and parcel arm loses volume as letters decline. Most group profit comes from the bank and insurer, not mail. The government has sold down since the 2015 listings but must by law keep a third.
In one line: A government-linked USPS bundled with a retail bank and an insurer.
Moat: narrow (distribution, scale, regulatory licence). Unmatched nationwide post-office branch network gives distribution reach rivals cannot easily replicate.
Headquarters: Tokyo, Japan · Founded: 2006 · Employees: 224,438
Size Japan Post Hldgs (6178.T) is a Japan Financials company (Life/Health Insurance) with a market value of $39.0B, the 38th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,252 on 6 Nov 2026.
Performance Over six months the shares gained 23.5%, against +20.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +11.5%); the operating margin is 8.0% (peer median 11.6%).
Valuation It trades at 0.62× book value against a peer median of 2.13× (2nd cheapest of 20).
Price implies The share price implies a return on equity of about 4.4%; Japan Post Hldgs delivers 4.5%, so the price asks less than the business earns today.
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥11.4T | ¥11.2T | ¥11.2T | ¥11.8T | ¥11.0T |
| Revenue growth | — | 0% | -5% | +7% | — |
| Net income | ¥432B | ¥375B | ¥371B | ¥269B | ¥431B |
| Free cash flow | n/a | -¥7.61T | -¥1.58T | -¥9.53T | -¥3.70T |
| Capital expenditure | n/a | ¥260B | ¥306B | ¥320B | ¥323B |
| Total debt | ¥27.8T | ¥33.5T | ¥37.0T | ¥33.1T | ¥26.3T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Japan Post Hldgs 6178.T | $39.0B | +24% | 0% | 5% | 0.62× | 4.4% |
| Mitsubishi Ufj Financial 8306.T | $230B | +14% | +11% | 13% | 1.60× | 11.2% |
| JAPAN POST INSURANCE 7181.T | $11.2B | +8% | -6% | 4% | 0.38× | 2.9% |
| Yamato 9064.T | $4.83B | +26% | +2% | 1% | 1.27× | 5.6% |
| Sumitomo Mitsui Financial 8316.T | $145B | +35% | +11% | 11% | 1.42× | 10.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6178.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.1% | +2.9% | 2nd lowest of 21 |
| 6-month return | +23.5% | +20.6% | 9th highest of 21 |
| Return on equity | 4.5% | 13.1% | 4th lowest of 21 |
| Price / book | 0.62× | 2.13× | 2nd cheapest of 20 |
| Trailing P/E | 14.7× | 11.7× | 8th most expensive of 20 |
| ROE the price implies | 4.4% | 9.6% | least demanding of 19 |
| ROE delivered | 4.5% | 13.4% | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Japan Post Hldgs 6178.T | Japan | $39.0B | +24% | 0% | 5% | 0.62× | 4.4% | 4.5% |
| Daiichi Life 8750.T | Japan | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% | 13.6% |
| Hannover Rueck HNR1.DE | Germany | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% | 22.4% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
| Prudential Financial PRU | United States | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% | 12.6% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Cathay Financial Hldg 2882.TW | Taiwan | $47.0B | +42% | -16% | 15% | 1.40× | 7.0% | 14.6% |
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Life Insurance Corp. of India LICI.NS | India | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% | n/a |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Manulife Financial MFC.TO | Canada | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% | 12.9% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | Germany | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% | 21.4% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |