How it started
History
The company was founded on 23 January 2006, although it was not until October 2007 that it took over the functions of Japan Post.
There were plans to fully privatize the company, but were subsequently put on hold. As of 2013, it ranked thirteenth in the Fortune Global 500 list of the world's largest companies.
On April 25, 2017, Japan Post Holdings said it would have a ¥40bn ($360m) loss for its first full financial year as a listed company, due to losses from Toll Group, which it controversially acquired in 2015.
In September 2017, the Japanese government announced its sale of $12 billion worth of Japan Post Holdings Co. Ltd. stock. It was the first sale since the 2015 IPO of the postal company and its two units, Japan Post Bank Co. Ltd. and Japan Post Insurance Co. Ltd.. That sale also raised $12 billion, which was used for the repair and reconstruction of places that were destroyed by an earthquake and tsunami in 2011.
In December 2019, the heads of Japan Post Holdings announced that they will resign over the improper sales of insurance policies, after the regulator announced administrative punishments against the companies. The company said that Hiroya Masuda, a former minister of Internal Affairs and Communications, has been appointed as successor to current CEO Masatsugu Nagato.
From Wikipedia’s article on Japan Post Holdings, shared under CC BY-SA 4.0.2