Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q1 FY2024/3 Earnings Presentation
25 slides from Yamato's earnings presentation, Aug 3, 2023
Slide 1: Yamato Group IR Presentation Material
Yamato Group IR Presentation Material ＜1st Quarter of the Fiscal year ending March 2024＞ August 3, 2023 Yamato Holdings Co., Ltd. Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: Summary of consolidated earnings (1st Quarter of FY 2024/3)
1．Summary of consolidated earnings (1st Quarter of FY 2024/3) 【Operating revenues】 420.2 bn yen ((3.9) bn yen YoY) 【Operating profit】 1.5 bn yen ((0.8) bn yen YoY) 【Operating revenues】 ・ Parcel delivery volume declined, due to factors including sluggish EC demand resulting from consumers returning t
Slide 3: Progress of Business Structure Reforms 1: Establish and expand designated network
2．Progress of Business Structure Reforms ➀ Establish and expand designated network (Growth domain) ・ Steady progress in establishing and expanding designated network optimized for diverse logistics needs → Began operating large last-mile facility designated for temperature-controlled operations, to
Slide 4: Progress of Business Structure Reforms 2: Reinforcement of existing network
3．Progress of Business Structure Reforms ② Reinforcement of existing network(Base domain) ・ In conjunction with the establishment and expansion of designated networks, promoting the consolidation and enlargement of the existing last-mile facilities → Together with opening large last-mile facilities,
Slide 5: Basic Agreement with Japan Post Group
4．Progress of Business Structure Reforms ③ Basic Agreement with Japan Post Group ・ While pursuing business growth by improving the convenience for customers and enhancing the productivity of our network operations, Yamato will contribute to initiatives to solve social issues, such as the “2024 Probl
Slide 6: Business Alliance with World Holdings
5．Progress of Business Structure Reforms ④ Business Alliance with World Holdings ・ Make effective use of the management resources of World Holdings (WHD) Group and the Yamato Group and provide outsourced contracting and temporary staffing services needed by our clients and partner companies, thereby
Slide 7: Consolidated earnings forecast (key metrics)
6．Consolidated earnings forecast (key metrics) Fiscal Year ended Fiscal Year ending （Billions of Yen） March 31, 2023 March 31, 2024 Forecast Change YoY Change Actual Forecast Amount [%] Amount [%] Operating revenue 1,800.6 1,820.0 (40.0) (2.2) ＋19.3 ＋1.1 Operating expenses 1,740.5 1,740.0 (40.0) (2.
Slide 8: Overview of Consolidated Results for the 1st Quarter of the Fiscal Year Ending March 2024
Overview of Consolidated Results for the 1st Quarter of the Fiscal Year Ending March 2024 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 9: Operating Results for the 1st Quarter of FY 2024/3
7．Operating Results for the 1st Quarter of FY 2024/3 Fiscal Year ended Fiscal Year ending March 31, 2023 March 31, 2024 YoY Change (Billions of Yen) 1st Quarter 1st Quarter Actual Actual Amount [%] Operating revenue 424.1 420.2 (3.9) (0.9) Operating profit 2.4 1.5 (0.8) (33.9) Profit margin [%] 0.6
Slide 10: Summary of Operating Revenue for the 1st Quarter of FY 2024/3
8． Summary of Operating Revenue for the 1st Quarter of FY 2024/3 Fiscal Year ended Fiscal Year ending March 31, 2023 March 31, 2024 YoY Change (Billions of Yen) 1st Quarter 1st Quarter Actual Actual Amount [%] Retail Business Unit 211.0 208.2 (2.7) (1.3) Transportation income 273.1 281.3 ＋8.2 ＋3.0 L
Slide 11: YoY Analysis of Operating Revenue (1st Quarter of FY 2024/3)
9． YoY Analysis of Operating Revenue (1st Quarter of FY 2024/3) Retail Business Unit Corporate Business Unit Other Transportation income Transportation income ＋5.9 Transportation income +8.2 Logistical support income (7.3) (0.2) Logistical support income Logistics (2.1) Eliminations/Others + 0.1 Int
Slide 12: Quarterly Trends of Parcel Delivery
10．Quarterly Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY) FY2022/3 FY2023/3 FY2024/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Delivery Volume (Thousands) 444,328 470,100 540,567 435,687 449,504 490,766 552,115 433,950 442,365 YoY(%) +3.8 +5.8 +3.6 +6.3 +1.2 +4.4 +2.1 (0.4) (1.6) Unit-price (Yen) 6
Slide 13: Summary of Operating Expenses (1st Quarter of FY 2024/3)
11．Summary of Operating Expenses (1st Quarter of FY 2024/3) Fiscal Year ended Fiscal Year ending March 31, 2023 March 31, 2024 YoY Change (Billions of Yen) 1st Quarter 1st Quarter Actual Actual Amount [%] Operating revenue 424.1 420.2 (3.9) (0.9) Subcontracting expenses 157.0 158.4 +1.3 ＋0.9 Commiss
Slide 14: YoY Analysis of Operating Expenses (1st Quarter of FY 2024/3)
12．YoY Analysis of Operating Expenses (1st Quarter of FY 2024/3) (Billions of yen) Operating Operating expenses profit (3.1) (0.8) (0.7)% (33.9)% 2.4 Eliminations Personnel Other operating (1.9) 1.5 Expenses expenses (2.6) (0.2) 2023/3 Vehicle 2024/3 1st Quarter Expenses 1st Quarter Operating Operat
Slide 15: Operating Expenses (Quarterly / YoY change)
13．Operating Expenses (Quarterly / YoY change) 2023/3 2024/3 1st 2nd 3rd 4th 1st (Billions of Yen) Quarter YoY Change Quarter YoY Change Quarter YoY Change Quarter YoY Change Quarter YoY Change Actual Actual Actual Actual Actual Amount* [%]* Amount* [%]* Amount* [%]* Amount* [%]* Amount [%] Operatin
Slide 16: Operating Results Forecast for the Fiscal Year Ending March 2024
14． Operating Results Forecast for the Fiscal Year Ending March 2024 Fiscal Year ending Fiscal Year ended Fiscal Year ending March 31, 2024 (Billions of Yen) March 31, 2023 March 31, 2024 Forecast Change YoY Change May 2023 Actual New Forecast Amount [%] Amount [%] Forecast Operating revenue 1,800.6
Slide 17: Operating Results Forecast (Breakdown of Operating Expenses and others)
15．Operating Results Forecast for the Fiscal Year Ending March 2024 (Breakdown of Operating Expenses and others) Fiscal Year ended Fiscal Year ending Fiscal Year ending (Billions of Yen) March 31, 2023 March 31, 2024 March 31, 2024 Forecast Change YoY Change Actual May 2023 Forecast New Forecast Amo
Slide 18: Direction of mid-to-long term strategy
Ref.－1 Direction of mid-to-long term strategy 【Our aspiration】 Expand value provision to the “End to End” of supply chains 〜Realize sustainable business growth〜 Management resources brought together under “One YAMATO Expand corporate business domain ☜ Enhance profitability structure” and growth pote
Slide 19: Mid-to-long term roadmap
Ref.－2 Mid-to-long term roadmap FY March 2020 FY March 2021 FY March 2022 FY March 2023 FY March 2024 FY March 2025 〜 FY March 2027 Expansion of e-commerce (changes in consumption behavior and distribution structure) External environment Pre-COVID COVID-19 With COVID 〜 Post-COVID Progression of infl
Slide 20: Structural reform of network operations (overview)
Ref.－3 Structural reform of network operations (overview) • Establish and expand dedicated network (growth domain) and reinforce existing network (base domain) →Strengthen response to diverse range of needs for logistics, while improving quality and efficiency of the overall network Initiative Effec
Slide 21: Structural reform of network operations (Status of cost per parcel)
Ref.－4 Structural reform of network operations (Status of cost per parcel) ※ Figures are total of outsourcing expenses and Transportation domain employee wages related to subject operations (Trunk-route and intra-regional transportation, Terminal operations) Difference with forecast: (1.7)yen Diff
Slide 22: Expansion of the Corporate Business domain
Ref.－5 Expansion of the Corporate Business domain ・ Progress made in providing value to EC accounts (domestic and global) and corporate accounts → Raise base level of operating revenues, by expanding value provision to EC and corporate accounts, promoting sales of solutions to area customers, and co
Slide 23: Basic Agreement with Japan Post Group on Promotion of Sustainable Logistics Services
Ref.－6 Basic Agreement with Japan Post Group on Promotion of Sustainable Logistics Services ・ Promote sustainable logistics by effectively utilizing the management resources of both companies to grow the business through improved convenience for customers and increased productivity in network operat
Slide 24: Capital expenditure
Ref.－7 Capital expenditure • Accelerate investments to complete the structural reform of our network operations, including the deployment of large-scale integrated facilities, in order to achieve mid-to-long term growth, while also investing in our environmental strategy (solar power generation equi
Slide 25: Disclaimer
Disclaimer 免責事項 This material is intended for informational purposes only and is not a solicitation or offer to buy or sell securities or related financial この内容は、投資判断の参考となる情報の提供を目的としたもので、投資勧誘を目的としたものではありません。提供情報の内容については instruments. Ultimately it is the responsibility of investors to select and buy