Japan Post may sell seven more inns

Kyodo

Japan Post Holdings Co. is considering selling seven more money-losing Kampo-no-yado inns to improve its finances before going public in spring 2015, sources said Wednesday.

In all it aims to unload 10 inns by next September, including three others in Kyoto, Niigata and Nagasaki prefectures.

The latest seven inns to go are in Hokkaido, Akita, Gunma, Shizuoka and Oita prefectures, and two in Ishikawa Prefecture.

The postal group is also considering selling about 10 more facilities by March 2015.

Japan Post is speeding up its business restoration efforts through the disposal of loss-making hospitals and inns, although it plans to retain all the employees.