Yamato Holdings Co., Ltd. · TSE:9064
Yamato — FY2021 Earnings Presentation
24 slides from Yamato's earnings presentation, May 11, 2022
Slide 1: Yamato Group IR Presentation Material
Yamato Group IR Presentation Material ＜Fiscal year ended March 2022＞ May 11, 2022 Yamato Holdings Co., Ltd. Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: Table of contents
Table of contents 1. Review of the first year of the Medium-term P. 1 ～ 7 Management Plan “One YAMATO 2023” 2. Overview of the consolidated results for the fiscal year ended March 2022 P. 8 ～ 19 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 3: Review of the first year of the Medium-term Management Plan "One YAMATO 2023"
Review of the first year of the Medium-term Management Plan “One YAMATO 2023” Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 4: 1. Overview
1．Overview ＜Direction of management＞ ・ Shift in business portfolio, in anticipation of the future ⇒Raise the mix of revenue and profit from the corporate domain, and aim for double digit operating margin ・ In addition to providing TA-Q-BIN services, Yamato is establishing a platform to provide value
Slide 5: 2. Structural reform of revenue
2．Structural reform of revenue (promoting account management that integrates sales and operations) • Provide an end-to-end business solution starting from the downstream and covering the middle and upstream of the supply chain, while supporting reforms of the supply chain and business processes of o
Slide 6: 3. Structural reform of costs (optimization of overall network operations)
3．Structural reform of costs (optimization of overall network operations) • Re-establish network and operations, to accommodate changes customer and product mix ⇒ Expand capacity of overall network and operations, achieve higher quality through consolidation and re-allocation of functions and locati
Slide 7: 4. Enhancing sustainable management
4．Enhancing sustainable management • Establish structure to promote sustainable management, as well as strengthen governance • Newly set mid-term targets to achieve net zero GHG emissions (in-house emissions) by 2050 ⇒ ”Reduce GHG emissions by 48% in FY March 2031 VS FY March 2021 ※” ※GHG：Greenhouse
Slide 8: 5. Consolidated earnings forecast for FY March 2023 (Summary)
5．Consolidated earnings forecast for FY March 2023 (Summary) • Based on changes in the business environment, including the prolonged effect of COVID-19 and the situation in international affairs etc., steadily promote structural reforms of revenue and costs outlined in the Medium-term Management Pla
Slide 9: 6. Capital expenditure
6．Capital expenditure ＜Approach for FY March 2023＞ • Promote consolidation and re-allocation of last-mile facilities, mainly in Tokyo and the 3 surrounding prefectures • Continue digital investments to establish data/information platform needed to maintain and utilize data, optimize the allocation o
Slide 10: 7. Capital policy & shareholder return
7．Capital policy & shareholder return 1 Basic policy 2 Benchmarks for capital policy (key metrics) Enhance shareholder value with a focus on stable dividends ROE Dividend Payout ratio Total payout ratio (in consideration of DOE*), through a timely and appropriate capital policy, based on the growth
Slide 11: Overview of Consolidated Results for the Fiscal Year Ended March 2022
Overview of Consolidated Results for the Fiscal Year Ended March 2022 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 12: 8. Consolidated Operating Results for the Fiscal Year Ended March 31, 2022
8．Consolidated Operating Results for the Fiscal Year Ended March 31, 2022 Achieved the same level of Profit attributable to owners of parent as in the fiscal year ended March 31, 2021 which was the highest profit year, while working on profit and cost structure reforms based on the Medium-term Manag
Slide 13: 9. Summary of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2022)
9． Summary of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2022) Fiscal Year Fiscal Year Fiscal Year ended March ended March ended March YoY Change (Millions of Yen) 31, 2021 31, 2022 31, 2021 Actual (※2) Actual Amount [%] Actual (※1) (a) (b) (b-a) (b/a) Retail Business Unit 882,536 8
Slide 14: 10. YoY Analysis of Consolidated Operating Revenue
10．YoY Analysis of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2022) Retail Business Unit (※) Corporate Business Unit (※) Transportation income Transportation income Other (※) (12.9) ＋20.6 Transportation income YoY Logistical support income (4.3) Logistical support income ＋36.6 Elimi
Slide 15: 11. Quarterly YoY Trends of Parcel Delivery
11．Quarterly YoY Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY) (4th Quarter January - March) ・Creating capacity in a short period by establishing ”EC logistics network” ・As a result of responding to diverse needs of customers focusing on EC, the annual delivery volume reached to 2,275
Slide 16: 12. Quarterly YoY Trends of Kuroneko DM-Bin
12．Quarterly YoY Trends of Kuroneko DM-Bin (4th Quarter January - March) Continuing downward trend in delivery volume, due to factors such as the shrinking of the direct mail market YoY Kuroneko DM-Bin volume growth rate YoY growth rate of Kuroneko DM-Bin unit price （%） 8.6 8.3 6.5 8.2 6.3 9.7 3.1 1
Slide 17: 13. Summary of Consolidated Operating Expenses (4th Quarter)
13．Summary of Consolidated Operating Expenses (4th Quarter January - March) Fiscal Year ended Fiscal Year ended March 31, 2021 March 31, 2022 YoY Change (Millions of Yen) 4th Quarter 4th Quarter Actual Actual Amount [%] Operating revenue 400,191 421,231 ＋21,040 ＋5.3 Subcontracting expenses 156,871 1
Slide 18: 14. YoY Analysis of Consolidated Operating Expenses (4th Quarter)
14．YoY Analysis of Consolidated Operating Expenses (4th Quarter January - March) (Billions of yen) Revenue increase Subcontracting ＋21.0 Expenses Other operating ＋21.4 Eliminations Personnel Vehicle Expenses Expenses Expenses (4.8) ＋7.0 2.3 ＋0.7 ＋1.0 (19) 4th Quarter Operating Operating (January - M
Slide 19: 15. Summary of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2022)
15．Summary of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2022) Fiscal Year ended Fiscal Year ended YoY Change (Millions of Yen) March 31, 2021 March 31, 2022 Actual Actual Amount [%] Operating revenue 1,695,867 1,793,618 ＋97,750 ＋5.8 Subcontracting expenses 612,003 722,961 ＋110,957
Slide 20: 16. YoY Analysis of Consolidated Operating Expenses (Fiscal Year)
16．YoY Analysis of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2022) (Billions of yen) Subcontracting Revenue Expenses Other increase ＋110.9 Personnel Vehicle operating 92.1 ＋97.7 Expenses Expenses Expenses Eliminations 77.1 (5.4) ＋5.6 ＋3.7 (2.2) 2021/3 2022/3 Operating profit Opera
Slide 21: 17. Consolidated Operating Expenses (Quarterly / YoY change)
17．Consolidated Operating Expenses (Quarterly / YoY change) 2021/3 2022/3 Forth First Second Third Forth (Millions of Yen) Quarter Quarter Quarter Quarter Quarter YoY Change YoY Change YoY Change YoY Change YoY Change Actual Actual Actual Actual Actual (Jan-Mar) Amount [%] (Apr-Jun) Amount [%] (Jul-
Slide 22: 18. Consolidated Operating Results Forecast for FY Ending March 2023
18． Consolidated Operating Results Forecast for the Fiscal Year Ending March 31, 2023 (Breakdown by Business Segment) Fiscal Year ended Fiscal Year ending (Millions of Yen) March 31, 2022 March 31, 2023 YoY Change YoY Change (※1) Actual Forecast Amount [%] Amount [%] Operating revenue 1,793,618 1,82
Slide 23: 19. Forecast for FY Ending March 2023 (Operating Expenses and others)
19．Consolidated Operating Results Forecast for the Fiscal Year Ending March 31, 2023 (Breakdown of Operating Expenses and others) Fiscal Year ended Fiscal Year ending March 31, 2023 (Millions of Yen) March 31, 2022 YoY Change YoY Change (※1) Forecast Actual Amount [%] Amount [%] Operating revenue 1,
Slide 24: 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