Japan Post profit dives 51% on halving of savings division's gains

TOKYO, Japan - Japan Post President Yoshifumi Nichikawa speaks at a press conference in Tokyo on May 23. He said that the company's net profit in fiscal 2006 plunged 51.0 percent from the year before to 947.7 billion yen as net profit from its postal savings section, its biggest division, more than halved to 941.6 billion yen.

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