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What are the results of Japan Post Toll Group?

Japan Post has announced the results of its international logistics business, which includes Toll Group, for the year ended 31 March 2019, reporting earnings before interest and tax of $127 million, a 7% improvement over the prior year. Continued improvements in safety performance with a reduction in lost time injury frequency rate of 6%

Who is going to buy Toll Global Express?

Japan Post Holdings is expected to sell Toll Global Express at a loss as it looks to offload the troubled business. Earlier this week, Toll Group announced that it had entered into an agreement for the sale of its Global Express business to Australian private equity fund manager Allegro Funds.

Where is Japan Post going to sell its business?

Japan Post Holding Co is looking for the potential sale of Toll Global Express business, the battered courier division of its Australian logistics subsidiary Toll Holdings Ltd.

Who is the parent company of Toll Holdings?

Toll Holdings has warned that parent Japan Post has only guaranteed its debts until mid-2021 after revealing its annual net loss plunged six-fold to $685.3 million.

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