Following are Japan Post's medium-term business objectives for its three main components through fiscal 2006:

Mail delivery

* Turn this business, which incurred a net loss of 16.6 billion yen in fiscal 2001, into a money-making operation and achieve a cumulative net profit of 50 billion yen by fiscal 2006.

* Reduce personnel and operating costs by 81.7 billion yen.

* Introduce new services, including "print-club" photo stamps and small-parcel delivery anywhere in Japan for a uniform rate of 500 yen.

* Rent out space in post offices to businesses like coffee shops and convenience stores, and for selling such goods as stationery and flowers.

Postal savings

* Expand alliances with the private sector to enable customers to use more automated teller machines in convenience stores.

* Reduce personnel and operating costs by 95.2 billion yen.

* Earn a cumulative net profit of 3.9 trillion yen by fiscal 2006.

'Kampo' life insurance

* Increase the 2.79 trillion yen reserve for investment risks by 300 billion yen over the next four years.

* Reduce personnel and operating costs by 62.2 billion yen.

* Upgrade employees' ability to provide consulting services to customers.