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    6178   JP3752900005

JAPAN POST HOLDINGS CO., LTD.

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Eco-friendly New Year postcards go on sale in Japan

11/05/2021 | 08:08pm EST

New Year's greeting postcards for 2022 have gone on sale across Japan this week, using internationally certified paper produced from forests that have not been illegally logged to show consideration for environmental protection.

Japan Post Co. initially issued some 1.83 billion postage-paid "nengajo" postcards, down 6 percent from the previous year and the lowest since records were kept from 2004, as many people now use social media for the seasonal greetings.

The downturn is also attributable to weakening demand from companies as part of efforts to cut costs following the coronavirus pandemic.

With 2022 being the Year of the Tiger under the 12-sign Chinese zodiac, Japan Post prepared special postcards with illustrations related to the animal.

The top prize of a lottery that offers "otoshidama" New Year's gifts based on the number printed on each postcard is a choice of 300,000 yen ($2,600) in cash or 310,000 yen worth of electronic money gifts.

Postal offices will start accepting the greeting cards from Dec. 15, and the company has set Dec. 25 as the recommended "deadline" for sending the cards for delivery on the New Year's Day.

"Although digital communications such as SNS have become mainstream, I hope people will convey their thoughts and feelings to each other through nengajo," Japan Post President Kazuhide Kinugawa said Monday at a ceremony in Tokyo to mark the start of the sales.

Yuka Nakamura, 49, a company employee in Tokyo who purchased some cards at a post office near JR Tokyo Station, said, "I want to send nengajo cards to my colleagues whom I haven't seen as I have been working from home a lot this year."

==Kyodo

© Kyodo News International, Inc., source Newswire

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Analyst Recommendations on JAPAN POST HOLDINGS CO., LTD.
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Financials
Sales 2022 11 080 B 95 821 M 95 821 M
Net income 2022 489 B 4 228 M 4 228 M
Net Debt 2022 123 094 B 1 065 B 1 065 B
P/E ratio 2022 7,67x
Yield 2022 5,15%
Capitalization 3 655 B 31 666 M 31 613 M
EV / Sales 2022 11,4x
EV / Sales 2023 11,7x
Nbr of Employees 237 889
Free-Float 64,4%
Chart JAPAN POST HOLDINGS CO., LTD.
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Japan Post Holdings Co., Ltd. Technical Analysis Chart | 6178 | JP3752900005 | MarketScreener
Technical analysis trends JAPAN POST HOLDINGS CO., LTD.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 970,30 JPY
Average target price 1 050,00 JPY
Spread / Average Target 8,21%
EPS Revisions
Managers and Directors
Hiroya Masuda President & Chief Executive Officer
Akio Mimura Independent Outside Director
Tadashi Yagi Independent Outside Director
Kunio Ishihara Independent Outside Director
Charles Ditmars Lake Independent Outside Director