TOKYO, Apr 27 (Pulse News Wire) – Palma CO.,LTD. (3461.T) agreed to deepen its business collaboration with Japan Post Holdings Corp.
By providing self-storage services utilizing post office facilities. At today's board meeting, the company approved plans to support the launch and operation of new self-storage facilities in two locations—Fukurohara and Shirooka post offices—in July 2026. Under the agreement, Palma will offer comprehensive services including facility startup assistance, rent guarantee services, and management operations. This initiative builds upon previous collaborations across multiple regions, aiming to maximize asset utilization and create additional revenue streams through the repurposing of unused postal space. Japan Post, known for its extensive network of post offices nationwide, sees significant growth potential in this project.
Palma views this partnership as crucial for advancing the social infrastructure of self-storage services and will continue exploring further opportunities such as integrating logistics services and optimizing parking lots and former office spaces. Key figures from Japan Post’s recent performance show capital of ¥700.0 billion and operating revenues of ¥3.45 trillion, ¥3.32 trillion, and ¥3.44 trillion for fiscal years ending March 2023, 2024, and 2025 respectively. The collaboration is expected to have a minor impact on Palma's September 2026 earnings but could contribute to long-term revenue expansion. Moving forward, Palma intends to explore additional synergies with Japan Post, including linking self-storage facilities with parcel delivery services and enhancing operational efficiency through various shared resources. Any developments impacting future business outcomes will be disclosed promptly.
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