Japan Post may sell inns, hospitals

Kyodo

Japan Post Holdings Co. is thinking of selling or downsizing some of its money-losing inns and hospitals as it prepares to go public in spring 2015, company sources said Saturday.

The postal group could include the debt-reduction measures in an interim business plan it will unveil in February, the sources said.

The group’s accommodation and medical operations logged a loss of about ¥6 billion for the year that ended in March. At present, it runs 66 Kampo no Yado inns and 14 hospitals across the country.

Japan Post is considering selling some of its debt-ridden inns, but may inject fresh capital into others to increase customer numbers. It will also handle hospitals on a case by case basis, and may consider downsizing buildings and facilities rather than selling entire hospitals.