Toll Logistics, eCommerce pay off for Japan Post

Toll Logistics, eCommerce pay off for Japan Post

Japan Post has reported its results for the period to 31 December 2017.

In Toll Group’s international logistics business, operating income (revenue) increased by 3.6% or A$218.0 million year-on-year, to reach A$6,206.0 million, owing to the increase in operating income mainly in the Global Logistics business. Net operating income (EBIT) for the last quarter from October to December 2017 was A$66.0 million, exceeding Q3 in the previous fiscal year as well as Q2 in this fiscal year. EBIT for the nine months ended December 31, 2017 was A$100.0 million, representing an increase of 20.5%, or A$17.0 million, year-on-year.

For the Postal and Domestic Logistics Business at Japan Post, revenue growth was driven by a continuous increasing trend in volume of Yu-Pack and Yu-Packet handled (25.0% increase year-on-year), themselves driven by growth in eCommerce markets. Operating income climbed 62.5% and net operating income rose by Y26.7 billion year-on-year to Y28.9 billion due to a rise in operating income exceeding an increase in expenses such as personnel expenses and collection, transport and delivery outsourcing expenses.

 

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