Japan Post Targets 87% Rise in Profit in New Three-Year Plan

Japan Post Holdings Co. said it’s aiming for as much as an 87% increase in group net income in three years as it bolsters its financial and real estate businesses.

The Tokyo-based company, which started operations in 2007 after the privatization of the nation’s postal system, said it’s targeting profit of as much as ¥700 billion ($4.4 billion) in the year ending March 2029, compared with ¥374.6 billion in the 12 months to March 31.