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Japan-Update

Japan Post weighs huge write-down on Toll acquisition

Charge stemming from Australian deal could reach into billions of dollars

A management team from Japan Post is overseeing a revamping of Toll Holdings.

TOKYO -- Japan Post Holdings is considering taking a write-down of several hundred billion yen in connection with its 2015 purchase of Australian logistics group Toll Holdings, it emerged Thursday.

At the earliest, the impairment loss would be booked for the fiscal year ended March 31. Japan Post is forecasting a nearly 25% rise in consolidated net profit to 320 billion yen ($2.92 billion) for that period.

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