Yamato Holdings Co., Ltd. · TSE:9064
Yamato — FY2016 Earnings Presentation
19 slides from Yamato's earnings presentation, May 2, 2016
Slide 1: Settlement of Accounts Meeting for the Fiscal Year Ended March 31, 2016
(B® Yaaro HOLDINGS Co.,LTD. Settlement of Accounts Meeting for the Fiscal Year Ended March 31, 2016 May 2, 2016 YAMATO HOLDINGS CO., LTD. Disclaimer: This material is intended for informational purposes and is not a solicitation or offer to buy or sell securities or related financial instruments. Ul
Slide 2: Results main points
[Results main points] (1) In FY 2016, revenues increased but income decreased YoY Although financial results in the first half were adversely affected substantially by discontinuance of the Kuroneko Mail service and delays in achieving sales of new TA-Q-BIN services, earnings largely rebounded in th
Slide 3: Overview of operating results
[Overview of operating results] (1) Delivery Business Despite adverse effects of discontinuing the Kuroneko Mail service, revenues increased overall and achieved forecast levels as of 3Q due to growth of TA-Q-BIN services centered on the new TA-Q-BIN services and e-commerce services. (2) Non-deliver
Slide 4: Major changes in revenues by segment and related factors
[Major changes in revenues by segment and related factors] Positive: Factors underpinning revenue gains; Negative: Factors underpinning revenue losses (1) Delivery Business (Revenue increase, income decrease) Positive: TA-Q-BIN delivery volume of 1,731,263 thousand, ↑ 6.7% (Retail: ↑ 2.6%; Large lot
Slide 5: Major changes in consolidated operating expenses
[Major changes in consolidated operating expenses] (1) Consolidated operating expenses increased by 1.5% YoY to ¥1,347.8 billion. (2) Company operating in a business environment that is becoming less favorable. Tax increases in size-based enterprise tax → Increase of taxes and dues Tightening labor
Slide 6: Quarterly trends of operating income
[Quarterly trends of operating income] (1) Revenues increased due to an expanding mail-order market and growth in new TA-Q-BIN services, along with steady growth in the non-delivery businesses. (2) We achieved our highest ever operating income for the second half of the fiscal year and for the three
Slide 7: Trends of TA-Q-BIN
[Trends of TA-Q-BIN] (1) Unit prices were somewhat lower than anticipated, but revenue was largely in line with expectations due to higher-than-expected delivery volume. (2) TA-Q-BIN delivery volume up 6.7% YoY, 0.1% higher than anticipated as of 3Q. • Business involving large-lot mail-order custome
Slide 8: Trends of Kuroneko DM-Bin
[Trends of Kuroneko DM-Bin] (1) Kuroneko DM-Bin volume in FY2016 decreased by 19.2% YoY, 0.2% lower than anticipated as of 3Q. • Service for individual customers was halted as a consequence of discontinuing the Kuroneko Mail service • Shrinking market (2) Kuroneko DM-Bin unit price for FY2016 decrea
Slide 9: Progress achieved by the TA-Q-BIN business overseas
[Progress achieved by the TA-Q-BIN business overseas] (1) With the exception of Malaysia, delivery volume decreased in overseas regions as a result of efforts to review unprofitable transactions. (2) Operating income increased as a result. (3) We intend to expand the TA-Q-BIN business in Malaysia as
Slide 10: Standpoint of FY2017
[Standpoint of FY2017] (1) Over the final year of the Medium-Term Management Plan, we will continue promoting the “Value Networking” design and forging a robust corporate culture. (2) Pursue “Value Networking” design • Develop high added-value business model • Strengthen the operational infrastructu
Slide 11: Major factors attributable to disparities between FY2017 forecasts and Medium-Term Plan STEP
[Major factors attributable to disparities between FY2017 forecasts and the Medium-Term Management Plan “STEP”] (1) Revenue • Delays in creation of business models for generating high added value • Insufficient revenues in Delivery Business → Due to discontinuing the Kuroneko Mail service and econom
Slide 12: Capital management policy
[Capital management policy] (1) Return to the heart of Yamato Group’s capital management policy and focus on earnings growth. Carry out a policy of actively engaging in growth investment looking toward the next Medium-Term Management Plan “JUMP.” (2) For FY2016, provide dividends of ¥28, which inclu
Slide 13: Forecast of FY2017 operating results
[Forecast of FY2017 operating results] (1) Operating revenue: The forecast for upward revenue momentum remains unchanged YoY ↑ ¥43.5 billion, ↑ 3.1% (2) Operating income: Operating income is expected to decrease partially due to external factors such as an increase in taxes with respect to the size-
Slide 14: Expense Analysis / Assumptions of Forecasts
(B® Yaaro HOLDINGS Co.,LTD. Expense Analysis Assumptions of Forecasts 14
Slide 15: Major changes in consolidated operating expenses
[Major changes in consolidated operating expenses] (1) Operating expenses increased by 1.5% YoY against a 1.4% YoY increase in operating revenues. (2) Increases in personnel expenses and subcontracting expenses were curtailed through efforts to keep such expenses appropriately under control relative
Slide 16: Analysis of operating expenses in Delivery Business
[Analysis of operating expenses in Delivery Business] 16
Slide 17: Operating results forecast by business segment
[Operating results forecast by business segment] (1) Consolidated operating revenue We anticipate continuing increases in operating revenue amid gains in TA-Q-BIN delivery volume and growth in non-delivery businesses. (2) Consolidated operating income • Despite the likelihood of lower operating inco
Slide 18: Forecast of operating expenses
[Forecast of operating expenses] (1) Increase in revenues by 3.1% YoY Operating expenses are expected to increase by 3.6% (however, the increase excluding external factors will likely hold at 3.0% YoY). (2) Personnel expenses • This figure reflects increase in the number of employees and hikes in ba
Slide 19: (B® Yaaro HOLDINGS Co.,LTD.
(B® Yaaro HOLDINGS Co.,LTD. These presentation materials (with explanatory notes) and the minutes of the financial results meeting Q&A are posted in PDF format on the Company's website in the Investor Relations section. Disclaimer: This material is intended for informational purposes only and is not