Japan Post Holdings Co., Ltd. (日本郵政株式会社, Nippon Yūsei kabushiki gaisha) is a Japanese publicly traded conglomerate headquartered in Kasumigaseki, Chiyoda, Tokyo.
The company said that Hiroya Masuda, a former minister of Internal Affairs and Communications, has been appointed as successor to current CEO Masatsugu Nagato.
The group operates via four main divisions:[15] Privatization of the postal system in Japan was first considered in the 1980s under Prime Minister Nakasone,[16] who, amid concerns about the government deficit, oversaw the privatization of three major public corporations: the Japanese National Railways, Nippon Telegraph and Telephone (NTT), and Japan Tobacco.
[16][17] These discussions did not proceed, and in 1997 the issue of privatizing Japan Post Bank specifically was raised again under Prime Minister Hashimoto.
[16][18] In 2001, during an economic downturn in Japan, LDP politician Junichiro Koizumi took office with significant public support to privatize the postal system.
[16][18] He won the election in a landslide, receiving a public mandate for his privatization plans and defeating members of his own party who were opposed.
[17] In late 2012, incoming Prime Minister Shinzo Abe reemphasized progress towards privatization as part of his Abenomics plan for economic reform and growth.
[27] The offer was accepted despite the fact that Toll Holdings had lost 67.4 billion yen, or roughly $624 million, for the fiscal year which ended in March 2021.
[27] On October 6, 2021, the final stage of a difficult privatisation process which had begun in 2005 was completed after with the sale of a $9 billion tranche of shares.