Tag: Japan

Japan Post's planned JV with TNT to be delayed

Posted by | Mar 15, 2006 | |

Japan Post and Dutch mail and logistics giant TNT NV now expect the launch of their planned joint venture to be far behind the original schedule of April, Japan Post President Masaharu Ikuta said Wednesday. Last October, the two firms agreed to set up the venture in April to start joint express transport and delivery services in the Asia-Pacific region. It is uncertain when the two firms will be able to form the new firm, Ikuta told a news conference, adding that they will continue talks on the matter. Japan Post hopes the planned overseas business will be a major source of revenue, as it faces falling demand for its domestic mail service. In the talks on the joint venture, TNT has brought up many new proposals, Ikuta said.

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Deutsche Post forms Japan mail joint venture with Yamato

Posted by | Mar 10, 2006 | |

Deutsche Post AG said its DHL Global Mail unit has agreed to form a joint venture for mail delivery services in Japan with Yamato Holdings. The new venture will be 49 pct held by the German company, and is the first of its kind in Japan for a foreign company. It will focus on the direct marketing – or ‘non-correspondence’ – segment, which is the only part of the Japanese mail market which is open to competition, Deutsche Post said. No financial details of the agreement were reported.

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Deutsche Post World Net further expands international mail network

Posted by | Mar 10, 2006 | |

Deutsche Post World Net is further expanding its international mail network: DHL Global Mail has reached an agreement with Yamato Holdings to form a joint venture in Japan for the Mail area. The new joint venture is the first of its kind in the country and will offer a full range of direct marketing services. DHL Global Mail, will hold 49 percent and Yamato Holdings 51 percent of the shares. Deutsche Post World Net is therefore the first foreign service provider to make a successful entry into the Japanese mail market. “With the joint venture, we are deepening our successful cooperation of many years with Yamato and are creating an excellent platform in order to make use of the enormous opportunities in the world’s second largest mail market,” said Klaus Knappik, Chairman of Deutsche Post World Net’s Divisional Board Mail International. “The new joint venture solidifies our position as the leading worldwide complete service provider in international mail logistics and is therefore another important step in the implementation of our international mail strategy.”

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Japan Post eyeing over 200 direct outlets of postal savings bank

Posted by | Mar 6, 2006 | |

Japan Post Corp, the company formed in January to prepare for the privatization of Japan’s postal system, are looking into setting up more than 200 outlets under direct management by a postal savings bank, one of the four new companies to be established in the course of the privatization from October 2007, sources familiar with the matter said Monday. Japan Post is also considering setting up some 80 outlets to be directly managed by a postal insurance company, another of the four new entities, they said. The move is expected to draw strong opposition from private financial institutions on the grounds that the postal savings and insurance companies would eat into their business turfs on the back of the government’s partial ownership.

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Japan Post expects FY 2005 net profit of 2 tril. yen

Posted by | Feb 24, 2006 | |

Japan Post is likely to chalk up a net profit of about 2 trillion yen in fiscal 2005 to March 31, up from the previous year’s 1.2 trillion yen, President Masaharu Ikuta said Friday. Of the public corporation’s three core operations, the mail-delivery business is expected to stay in the black, with a net profit of more than 20 billion yen, for the third year in a row, Ikuta said at a lecture meeting held by Kyodo News.

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