Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — FY2024 Earnings Presentation
31 slides from Nippon Express's earnings presentation, Feb 14, 2025
Slide 1: FY2024 Financial Results Presentation
FY2024 Financial Results Presentation February 14, 2025 NIPPON EXPRESS HOLDINGS, INC. Investor Relations Promotion Group Corporate Planning Division
Slide 2: Contents
Contents 1. Financial Results for FY2024 P.4 2. Forecast for FY2025 P.16 3. Business Plan 2028 Initiatives P.21 4. Return to Shareholders P.26 5. Initiatives to Improve Corporate Value P.28 Financial Results Presentation for 1 Fiscal Year Ended December 2024 Copyright © 2025 NIPPON EXPRESS HOLDINGS,
Slide 3: Financial Results for FY2024 Executive Summary
Financial Results for FY2024 Executive Summary Financial Results for FY2024 ✓Global logistics demand continued to Results Vs. FY2023 recover after Q2 of this fiscal year; the ➚Revenues ¥2,577.6 billion +¥338.6 billion addition of cargo partner (CP) this fiscal +15.1 % year contributed to an increase
Slide 4: Financial Results Forecast for FY2025 Executive Summary
Financial Results Forecast for FY2025 Executive Summary Forecast for FY2025 Forecast Vs, FY2024 ➞Revenues ¥2,700.0 billion +¥122.3 billion +4.7 % ✓The global economic outlook for ➚Consolidated Segment 2025 remains uncertain due to +¥16.4 billion Income (Business Profit) ¥80.0 billion +25.8 % ongoing
Slide 5: 1. Financial Results for FY2024
1. Financial Results for FY2024 A. Financial Results for FY2024 P.5- B. Breakdown of Revenues and Operating Income P.7- C. Q4, FY2024 vs. Q3, FY2024 P.9- D. Income and Expenses by Business P.11- E. Air Forwarding Gross Profit P.13- F. Ocean Forwarding Gross Profit P.15 Financial Results Presentation
Slide 6: 1-A. Financial Results for FY2024
1-A. Financial Results for FY2024 (100 million yen, %) (rounded down to 100 million yen) Current- Previous Current- Prior-Year Prior-Year Difference Difference Year Difference Difference Forecast Difference Item Year Results YoY YoY (%) 4Q 4Q YoY YoY (%) (Announced Difference (%) Results Results Nov
Slide 7: 1-A. Financial Results for FY2024 (by Segment)
1-A. Financial Results for FY2024 (100 million yen, %) (rounded down to 100 million yen) Current- Previous Prior-Year Difference Difference Forecast Difference Segment Item Year Results YoY YoY (%) (Announced Difference (%) Results November 12) Revenues 12,620 12,565 54 0.4 12,520 100 0.8 Japan Segm
Slide 8: 1-B. Breakdown of Revenues and Operating Income
1-B. Breakdown of Revenues and Operating Income ✓ Revenues increased due to recovery in global logistics demand beginning in Q2 this fiscal Revenues year, the consolidation of CP, and the weak yen. Impact of Security foreign cargo- exchange partner Transportation Logistics Overseas Japan Business He
Slide 9: 1-B. Breakdown of Revenues and Operating Income
1-B. Breakdown of Revenues and Operating Income Operating ✓ Profit declined for the logistics business in Japan and overseas due to lower volume of pandemic-related supplies and an increase in personnel expenses and other costs. Income ✓ We recorded an impairment loss of ¥6.5 billion in Q1 due to th
Slide 10: 1-C. Financial Results for FY2024 Q4 vs. Q3
1-C. Financial Results for FY2024 Q4, FY2024 vs. Q3, FY2024 (100 million yen, %) (rounded down to 100 million yen) Previous Forecast Difference FY2024 FY2024 Difference Item Difference 2024 Q4 Difference Q4 Results Q3 Results (%) (%) (Announced November 12) Revenues 6,774 6,503 271 4.2 6,697 76 1.1
Slide 11: 1-C. Q4 vs. Q3 (by Segment)
1-C. Financial Results for FY2024 Q4, FY2024 vs. Q3, FY2024 (by Segment) (100 million yen, %) (rounded down to 100 million yen) FY2024 Previous Forecast FY2024 Difference Difference Segment Item Q4 Difference FY2024 Q4 Difference Q3 Results (%) (%) Results (Announced November 12) Revenues 3,336 3,15
Slide 12: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business (100 million yen, %) (rounded down to 100 million yen) Segment Quarterly Trend Analysis (Logistics Japan) Q1 Q2 Q3 Q4 Cumulative Q4 vs Q3 Logistics Air: Revenue increased due to volume growth and a slight increase in gross profit indicator; Revenues 447 444 490 5
Slide 13: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business (100 million yen, %) (rounded down to 100 million yen) Segment Q1 Q2 Q3 Q4 Cumulative Q4 vs Q3 Segment Q1 Q2 Q3 Q4 Cumulative Q4 vs Q3 Revenues 99 112 103 95 411 (7) Revenues 148 184 183 190 707 6 Air Forwarding Air Forwarding Operating income 2 3 4 0 11 (3) Oper
Slide 14: 1-E. Air Forwarding Gross Profit: Japan Segment
1-E. Air Forwarding Gross Profit: Japan Segment ✓ While volume increased quarter on quarter due to firm volume in semiconductor-related to Asia and large-scale spot in automobile-related to Europe, volume was lower than expected as of the end of the third quarter. Air Export Freight Volume and Gross
Slide 15: 1-E. Air Forwarding Gross Profit: Overseas Segment
1-E. Air Forwarding Gross Profit: Overseas Segment ✓ While volume increased quarter on quarter, gross profit declined as volume was lower that expected as of the third quarter. Air Export Freight Volume and Gross Profit per Unit Air Forwarding Gross Profit Unit:100 million yen 240 (Tons) 120.00 220
Slide 16: 1-F. Ocean Forwarding Gross Profit: Japan/Overseas
1-F. Ocean Forwarding Gross Profit: Japan/Overseas ✓ Volume and gross profit indicators for freight from Japan were at expected levels compared to the previous quarter. ✓ Volume and gross profit indicators for freight from overseas originations were below expected levels. （TEU） Ocean Export Freight
Slide 17: 2. Forecast for FY2025
2. Forecast for FY2025 A. Forecast for FY2025 P.17 B. Breakdown of Revenues and Operating Income P.19 Financial Results Presentation for 16 Fiscal Year Ended December 2024 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 18: 2-A. Forecast for FY2025
2-A. Forecast for FY2025 (100 million yen, %) (rounded down to 100 million yen) Prior-Full-Year Item Full-Year Difference YoY Results Difference YoY Forecast (%) Difference YoY Revenues 27,000 25,776 1,223 4.7 Segment Income 800 635 164 25.8 (Business Profit) Business Profit Ratio 3.0 2.5 - - Operat
Slide 19: 2-A. Forecast for FY2025 (by Segment)
2-A. Forecast for FY2025 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Full-Year Prior-Year Difference YoY Difference YoY Segment Item Forecast Results (%) Revenues 12,920 12,620 299 2.4 Japan Segment income (Business Profit) 446 405 40 10.0 Revenues 1,540 1,530 9 0.6 Americas
Slide 20: 2-B. Forecast Breakdown of Revenues
2-B. Forecast for FY2025 Breakdown of Revenues and Operating Income Revenues Heavy Logistics Haulage & Support Overseas cargo- Security Construction Business partner Transportation Increase in Impact of Logistics adjustment foreign Japan amount exchange +¥122.3 billion FY2024 FY2025 Forward-looking
Slide 21: 2-B. Forecast Breakdown of Operating Income
2-B. Forecast for FY2025 Breakdown of Revenues and Operating Income Operating Income Business Profit: +¥16.4 billion Business Profit Prior-year Increase in cost of Costs related to Other FY2024 Results 635 impairment dismantling former acquisition of CP 800 (rebound earthquake-resistant 2024: ¥0.8 b
Slide 22: 3. Business Plan 2028 Initiatives
3. Business Plan 2028 Initiatives A. Business Plan 2028 Basic Policy P.22 B. Global Business Growth: Priority Industries P.23 C. Global Business Growth: Major KPIs and Policies P.24 D. Rebuild Businesses in Japan P.25 Financial Results Presentation for 21 Fiscal Year Ended December 2024 Copyright ©
Slide 23: 3-A. Business Plan 2028 Basic Policy
3-A. Business Plan 2028 Basic Policy Major Strategies and Policies in Business Plan 2028 ⚫ Improve global competitiveness and achieve business growth under groupwide optimization. ⚫ Increase competitiveness and profitability of businesses and enhance financial value through well-balanced strategic p
Slide 24: 3-B. Global Business Growth Priority Industries
3-B. Global Business Growth Priority Industries (100 million yen, %) (rounded down to 100 million yen) Progress Priority Industry 2024 Results 2024 Targets Toward 2028 (Target) Targets Technology Core Domain: Electric & Electronics 3,054 3,295 92.7% 4,000 Growth, Pursuit Domains: Industrial Machiner
Slide 25: 3-C. Global Business Growth Major KPIs and Policies
3-C. Global Business Growth Major KPIs and Policies Expand Forwarding Sales 2024 Results 2023 Results YoY% 2028 (Target) Air Cargo Forwarding Volume 921kt 693kt 32.9% 1,300kt Ocean Forwarding Volume 899 thousand TEU 720 thousand TEU 24.8% 1,400 thousand TEU *Forwarding volume (2023 Jan-Dec results)
Slide 26: 3-D. Rebuild Businesses in Japan
3-D. Rebuild Businesses in Japan Transform Into a More Customer-Oriented Continue to Enhance Domestic OngoingTransformation and Review of Company Businesses in Japan Business Infrastructure Establish an Account Management Structure Initiatives to Improve Profitability Initiatives Toward Improved Cap
Slide 27: 4. Return to Shareholders
4. Return to Shareholders Capital Policies and Key Indicators P.27 Financial Results Presentation for 26 Fiscal Year Ended December 2024 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 28: 4. Capital Policies and Key Indicators
4. Capital Policies and Key Indicators Business Plan 2028 • ROE: Over 10％ • Dividend payout ratio: Over 40% Targets • Total return ratio: Over 55% • Equity ratio: Target 35% (cumulative total FY2024-FY2028) (100 million yen) Total dividend Treasury Share acquisition Dividend payout ratio Total Retur
Slide 29: 5. Initiatives to Improve Corporate Value
5. Initiatives to Improve Corporate Value Main Initiatives Toward Achieving Business Plan Goals P.29 28 Financial Results Presentation for Fiscal Year Ended December 2024 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 30: 5. Main Initiatives Toward Achieving Business Plan Goals
5. Main Initiatives Toward Achieving Business Plan Goals ■ Accelerate growth in the global market ・Expand end-to-end solutions, beginning with account management ・PMI with cargo-partner ・Acquisition of SH HoldCo GmbH (Simon Hegele; completed as of February 3, 2025) ・Establish a strong presence in th
Slide 31: Disclaimer
No information contained in this document is intended to solicit purchase or sale of the Company’s shares. Views, forecasts, and other forward-looking statements contained in this document are based on the Company’s assumptions, judgments and beliefs in light of the information currently available t
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