Yamato Holdings Co., Ltd. · TSE:9064
Yamato — 9M FY2017 Earnings Presentation
16 slides from Yamato's earnings presentation, Jan 31, 2017
Slide 1: Settlement of Accounts Meeting for the First Nine Months of FY Ending March 31, 2017
(GW YAMATO HOLDINGS CO., LTD. Settlement of Accounts Meeting for the First Nine Months of Fiscal Year Ending March 31, 2017 January 31, 2017 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 rela
Slide 2: Results main points
[Results main points] (1) In the nine months ended December 31, 2016, revenue increased but income decreased; operating revenue and operating income amounted to ¥1,118.1 billion and ¥58.0 billion, respectively. (2) Operating revenue (YoY ↑ ¥33.8 billion) Delivery Business： Delivery volume involving
Slide 3: Operating results in the nine months ended December 31, 2016
[Operating results in the nine months ended December 31, 2016] (1) Nothing noteworthy has emerged in terms of non-operating income, non- operating loss, extraordinary income and extraordinary loss. (2) Profit attributable to owners of parent was ¥35.7 billion. 3
Slide 4: Major factors of changes in revenues by segment
[Major factors of changes in revenues by segment] Positive: Factors underpinning revenue gains; Negative: Factors underpinning revenue losses (1) Delivery Business (Revenue increase, income decrease) Positive: TA-Q-BIN delivery volume: ↑ 8.3% (Retail: ↑ 3.8%; Large lot commercial: ↑ 13.1%); operatin
Slide 5: Major changes in consolidated operating expenses
[Major changes in consolidated operating expenses] (1) Consolidated operating expenses increased by 3.7% YoY. (2) Lower crude oil prices → Fuel expenses decreased by ¥2.2 billion YoY (3) Tightening labor market → • Rising costs associated with securing labor capacity, including recruitment costs and
Slide 6: Quarterly trends of operating income
[Quarterly trends of operating income] (1) Bar chart of a YoY comparison of operating revenues and operating expenses (2) In the three months of 3Q, operating income decreased by ¥6.9 billion YoY, and has significantly deteriorated since entering 3Q. (3) Major factors of increase in operating costs
Slide 7: Trends of TA-Q-BIN
[Trends of TA-Q-BIN] (1) TA-Q-BIN delivery volume up 8.3% YoY • Business involving large-lot mail-order customers continued to grow substantially. • Sales of “TA-Q-BIN Compact” and “Nekopos” services were expanded. • Shipments for small-lot commercial have been heading higher (delivery volume up 4.8
Slide 8: Trends of Kuroneko DM-Bin
[Trends of Kuroneko DM-Bin] (1) Kuroneko DM-Bin volume down 0.3% YoY • Volume has been on par with previous year levels despite signs of sluggishness in the overall market, largely due to increased sales to existing large-lot customers. (2) Unit price: YoY ↓ 1.8% • The unit price has decreased as a
Slide 9: Progress achieved by the TA-Q-BIN business overseas
[Progress achieved by the TA-Q-BIN business overseas] (1) Delivery volume continued to decrease as a result of efforts to review unprofitable transactions. (2) Operating income has been improving. 9
Slide 10: Forecast of FY2017 operating results
[Forecast of FY2017 operating results] (1) Consolidated operating revenues: Projections for operating revenues remain unchanged from the previous forecast. YoY ↑ ¥43.5 billion, ↑ 3.1% (2) Consolidated operating income: Projections for operating income downward by ¥7.0 billion from the previous forec
Slide 11: Expense Analysis / Assumptions of Forecasts
(@® Yamato HOLDINGS CO.,LTD. Expense Analysis Assumptions of Forecasts 11
Slide 12: Analysis of consolidated operating expenses
[Analysis of consolidated operating expenses] (1) Operating expenses increased by 3.7% YoY against a 3.1% YoY increase in operating revenues. (2) Personnel expenses: YoY ↑ ¥18.1 billion (↑3.3%) Retirement benefit expenses: YoY ↑ ¥2.6 billion (↑26.9%) .......Of this amount, a ¥2.3 billion increase is
Slide 13: Analysis of operating expenses in Delivery Business
[Analysis of operating expenses in Delivery Business] For this slide, refer to explanation given in relation to the previous slide. 13
Slide 14: Operating results forecast by business segment
[Operating results forecast by business segment] (1) Delivery Business • TA-Q-BIN: Increase of 9 million parcels from the previous forecast to reflect prevailing circumstances (We forecast a 8.0% YoY increase for the full year) Unit pricing is ¥1 below the previous forecast. • Kuroneko DM-Bin： Uncha
Slide 15: Forecast of operating expenses
[Forecast of operating expenses] (1) We have increased our full-year forecast for overall operating expenses by ¥7.0 billion in comparison with the previous forecast factoring in current challenging cost environment. We project increases in operating revenues and operating expenses of 3.1% YoY and 4
Slide 16: Release of Medium-Term Management Plan
[Release of Medium-Term Management Plan] (1) The next Medium-Term Management Plan is slated for implementation beginning next fiscal year, but management has deemed that priority should be placed on responding promptly to sudden changes now underway. It is necessary to incorporate measures to addres