Japan Post Expands Parcel Delivery Market Share in FY '06
Japan Post expanded its market share for parcel delivery services in Japan by 0.6 percentage point from the previous year to 8.4 pct in fiscal 2006 that ended in March, it was learned Wednesday.
As a result, Japan Post, to be privatized in October, moved up to fourth from fifth in the market share rankings, as its “Yu-Pack” service performed well, according to data compiled by the transport ministry and other organizations.
The top three spots in the rankings were unchanged from the previous year. Yamato Transport Co. retained top position with a 36.6 pct share, up 1.0 point, followed by Sagawa Express Co. with a 32.4 pct share, up 0.9 point. Nippon Express Co. remained third with a 10.7 pct share.
The overall number of parcels handled in Japan inched up 1.0 pct to 3,207.14 million for fiscal 2006, indicating that the Japanese parcel delivery market is reaching saturation point.
The top three spots in the ranking for number of parcels were also unchanged. Yamato maintained its lead, with 1,174.56 million, up 4.0 pct. Sagawa was second with 1,037.87 million, up 3.6 pct, followed by Nippon Express with 342.87 million, up 0.5 pct.
Japan Post’s figure increased 8.6 pct to 267.95 million, the fourth highest, on the back of tie-ups with department store chains.
But Fukuyama Transportation Co. saw its number of parcels plunge by 26.0 pct to 20.46 million. The company’s market share fell 2.2 points to 6.3 pct, dropping it to fifth place from fourth.
