Connect to share and comment

Japan Post likely to sell 4 inn sites, 4 hospitals

PlacardEnlarge
(Globalpost/GlobalPost)

Japan Post Holdings Co. is considering selling the sites of four inns as well as four hospitals to streamline operations as it prepares to go public in the spring of 2015, sources familiar with the matter said Friday.

Three of the inn sites are located in Maizuru, Kyoto Prefecture, Kashiwazaki, Niigata Prefecture and Shimabara, Nagasaki Prefecture, according to the sources.

The three inns were demolished to make way for better earthquake-resistant structures but construction has been stalled since Japan Post reviewed their profitability.

The fourth inn site in the coastal town of Matsushima in Miyagi Prefecture has been closed since being struck by the March 2011 earthquake and tsunami.

The four hospitals are located in the cities of Sendai, Niigata, Kobe and Osaka, they said.

At present, the postal group runs 66 "Kampo-no-yado" inns and 14 hospitals around the country.

Other loss-making Japan Post facilities may be subject to sale in the restructuring process, the sources said.

==Kyodo

http://www.globalpost.com/dispatch/news/kyodo-news-international/131011/japan-post-likely-sell-4-inn-sites-4-hospitals