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Japan Post Holdings <6178.T> Gains in Afternoon Trading on Post Office Restructuring Reports
Shares of Japan Post Holdings <6178> gained traction in afternoon trading following a Nikkei report on the 6th indicating that the company will begin restructuring its nationwide network of roughly 24,000 post offices.
Having established a Productivity Improvement Office under its Corporate Planning Department on April 1, the company is set to compile measures aimed at curbing personnel and network maintenance costs. The stock was driven higher by buying from investors who anticipate enhanced profitability through these operational efficiencies in the postal business.
Source: MINKABU PRESS
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