Yamato Holdings Co., Ltd. · TSE:9064
Yamato — FY2019 Earnings Presentation
35 slides from Yamato's earnings presentation, May 18, 2020
Slide 1: Yamato Group Consolidated Financial Summary for the Fiscal Year Ending March 31, 2020
YAMATO GROUP CONSOLIDATED FINANCIAL SUMMARY for the Fiscal Year Ending March 31, 2020 May 18, 2020
Slide 2: Financial Results for the Fiscal Year Ended March 31, 2020 (Overview)
1 ．Financial Results for the Fiscal Year Ended March 31, 2020 (Overview) ● In the Fiscal Year Ended March 31, 2020, revenue increased while profit decreased. - Consolidated operating revenue ¥1,630.1 billion YoY increase by ¥4.8 billion, +0.3% - Consolidated operating profit ¥ 44.7 billion YoY decre
Slide 3: Financial Results Overview: Work Style Reform and Awareness Surveys
1 ．Financial Results for the Fiscal Year Ended March 31, 2020 (Overview) 4) Continued to promote the development of a work environment that enhances the "Employee-friendly" and “Rewarding" of employees in the "work style reform" ⇒ Made progress in creating an environment where employees can work wit
Slide 4: Operating Results Forecast for the Fiscal Year Ending March 31, 2021
2 ．Operating Results Forecast for the Fiscal Year Ending March 31, 2021 Due to the spread of the novel coronavirus disease (COVID- 19), it is difficult to properly and reasonably estimate the future outlook. Therefore, we do not make an announcement of the earnings forecasts for the fiscal year endi
Slide 5: Response to the spread of COVID-19 infections
3 ．Response to the spread of COVID-19 infections As a member of the social infrastructure, the Yamato Group is committed to continuing its logistics services, including TA-Q-BIN, with the highest priority given to the safety of our customers and employees, in order to respond to changes in demand an
Slide 6: Effect of the spread of COVID-19 infections
4 ．Effect of the spread of COVID-19 infections TA-Q-BIN Delivery amount in April 2020 - TA-Q-BIN (total) : YoY +13.2% - TA-Q-BIN (excl. Nekopos) : YoY + 9.3% ⇒Increased handling of mainly food and sanitary goods among individuals and through EC （Expansion of consumption from staying at home due to r
Slide 7: Effect of the spread of COVID-19 infections - Reference
4 ．Effect of the spread of COVID-19 infections－Reference Major effects expected 【Sales】 ・Rapid increase in e-commerce to respond to lifestyle changes such as self-restraint of going outside, ・increasing consumption from staying at home in the phase of coping with Covid-19 ・Services that were mainly
Slide 8: Progress in Transformation Plan YAMATO NEXT100
5 ．Progress in Transformation Plan “YAMATO NEXT100” ・ "YAMATO NEXT100" is a management agenda that will respond to social changes in the course of or after COVID-19 adverse effects ・ In order to respond the needs of customers and society, and contribute to the creation of a prosperous society contin
Slide 9: Progress in Transformation Plan YAMATO NEXT100: Infrastructure transformations
5 ．Progress in Transformation Plan “YAMATO NEXT100” 【3 Infrastructure transformations】 Renewal of group management system ・Commenced system development for One Yamato ・Resolved to change scheme whereby 7 subsidiaries are merged and absorbed by Yamato Transport Co., Ltd as the parent (tentatively mai
Slide 10: Key Initiatives for YAMATO NEXT100 in Fiscal Year Ending March 31, 2021
6 ．Key Initiatives for "YAMATO NEXT 100“ in the Fiscal Year Ending March 31, 2021 （１）Structural reform of the last mile ・Reducing the burden of frontline work, which is the point of contact with customers, and building an environment in which we can face customers ・Changing corporate structure which
Slide 11: Capital Policy
7 ．Capital Policy In consideration of future growth potential, profitability of business, sound financial position, investment progress and capital efficiency, Yamato will 1. Basic Principle conduct timely and appropriate capital policies aimed at achieving stable dividend and flexible shareholder r
Slide 12: Capital Policy: Acquisition of Treasury Stock and Dividend Forecast
7 ．Capital Policy 【Acquisition of treasury stock】 １．Resolution of the Company Board of Directors Meeting held on January 30, 2020 １）Type of stock acquired: Common shares in the Company ２）Total number of shares acquired: 35,000,000 shares（upper limit） Percentage of total number of issued shares (excl
Slide 13: Consolidated Operating Results in the Fiscal Year Ended March 31, 2020
8 ．Consolidated Operating Results in the Fiscal Year Ended March 31, 2020 KAIKAKU 2019 for NEXT100 Fiscal year Fiscal year Fiscal year ended March 31, ended March 31, ended March 31, （Billions of yen） YoY change 2018 2019 2020 Actual Actual Actual Amount [%] Operating revenue 1,538.8 1,625.3 1,630.1
Slide 14: Consolidated Operating Results in the Fiscal Year Ended March 31, 2020
8 ．Consolidated Operating Results in the Fiscal Year Ended March 31, 2020 (Billions of Yen) Fiscal year ended Fiscal year ended YoY Change March 31, 2019 March 31, 2020 Actual Actual Amount [%] Operating revenue Delivery 1,297.2 1,310.0 +12.8 +1.0 Non-Delivery 328.0 320.0 (8.0) (2.4) Total 1,625.3 1
Slide 15: YoY Analysis of Consolidated Operating Revenue
9 ．YoY Analysis of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2020) (Billions of yen) Loss due to adequate pricing initiatives, delays in Increase in acquiring new projects, etc. Effects of Nekopos (BIZ-Logistics) discontinuing amount (3.5) moving-related Favorable services, etc. re
Slide 16: Quarterly YoY Trends of TA-Q-BIN Delivery Amount (Fourth Quarter)
10 . Quarterly YoY Trends of TA-Q-BIN Delivery Amount (excl. Nekopos) (Fourth Quarter) ・ Delivery amount (excl. Nekopos) recovered to the level of the previous year. [YoY (0.1)%] ・ Unit price increased. [YoY +1.7%] (%) 25.0 21.3 20.4 19.1 20.0 15.0 12.1 9.7 10.0 5.5 4.8 4.5 5.0 2.8 1.7 4.2 1.4 0.5 0
Slide 17: Quarterly YoY Trends of Kuroneko DM-Bin (Fourth Quarter)
11 ．Quarterly YoY Trends of Kuroneko DM-Bin (Fourth Quarter) ・ Delivery amount was lower than in the previous fiscal year. [YoY (21.0)%] ・ Unit price increased. [YoY +8.2%] (%) 15.0 8.8 8.6 8.3 8.2 10.0 7.1 7.0 6.5 3.6 3.6 3.6 5.0 0.0 0.0 0.0 (5.0) (1.1) (1.3) (10.0) (7.0) (15.0) (10.4) (11.6) (14.2
Slide 18: Consolidated Operating Expenses (Quarterly)
12 ．Consolidated Operating Expenses (Quarterly) (Millions of Yen) First Quarter Second Quarter Third Quarter Forth Quarter 2020/3 YoY Change 2020/3 YoY Change 2020/3 YoY Change 2020/3 YoY Change Actual Actual Actual Actual Amount [%] Amount [%] Amount [%] Amount [%] Operating revenue 381,726 +1,036
Slide 19: YoY Analysis of Consolidated Operating Expenses (Fourth Quarter)
13 ．YoY Analysis of Consolidated Operating Expenses (Fourth Quarter – January to March) (Billions of yen) Other operating (5.3) expenses Eliminations (2.7) +0.2 Subcontracting Vehicle expenses expenses (6.6) +0.5 (15.9) Personnel expenses Operating expenses ＋2.7 YoY (5.9) billion (1.5)% Revenue incr
Slide 20: Summary of Consolidated Operating Expenses (Fourth Quarter)
14 ．Summary of Consolidated Operating Expenses (Fourth Quarter –January to March) (Millions of Yen) Fourth Quarter Fourth Quarter 2019/3 2020/3 YoY Change Actual Actual Amount [%] Operating revenue 367,704 372,422 +4,718 +1.3 Operating expenses 383,701 377,798 (5,903) (1.5) Personnel expenses 201,13
Slide 21: YoY Analysis of Consolidated Operating Expenses (Fiscal Year)
15 ．YoY Analysis of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2020) (Billions of yen) Revenue Vehicle increase expenses Eliminations +4.8 +1.0 +2.9 Other operating expenses +14.9 Personnel Subcontracting 58.3 expenses expenses +27.3 (27.8) Operating expenses 44.7 YoY +18.4 billion
Slide 22: Summary of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2020)
16. Summary of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2020) (Millions of Yen) Fiscal year ended Fiscal year ended March 31, 2019 March 31, 2020 YoY Change Actual Actual Amount [%] Operating revenues 1,625,315 1,630,146 ＋4,831 ＋0.3 Operating expenses 1,566,969 1,585,445 ＋18,475
Slide 23: Reference Material
Reference Material
Slide 24: Progress in Work Style Reform: Total working hours
【Reference】 Progress in “Work Style Reform” Improving working environments as a company that is employee-friendly with rewarding job opportunities through making improvements with respect to total working hours and encouraging better work-life balance (1) Drastic improvement in total working hours C
Slide 25: Progress in Work Style Reform: Overtime hours per employee
【Reference】 Progress in “Work Style Reform” Continue to decrease in overtime hours per employee* （Using a base value of 100 to represent the number of employees whose overtime exceeded the threshold in FY2017/3) 100 92.6 65.3 52.0 2017/3 2018/3 2019/3 2020/3 * These figures have been calculated on a
Slide 26: Progress in Work Style Reform: Paid vacation days taken
【Reference】 Progress in “Work Style Reform” (2) Promoting work-life balance Continue to improve the percentage of annual paid vacation days taken per employee* 89.1% 81.5% 60.7% 52.5% 2017/3 2018/3 2019/3 2020/3 * Number of days of annual paid vacation taken per employee in respective fiscal years ×
Slide 27: Progress in Work Style Reform: Awareness surveys
【Reference】 Progress in “Work Style Reform” Working styles awareness surveys* 働きやすさ Employee-friendly 働きがい Rewarding 働き続けたい Desire to continue employment 70.6% 69.8% 67.8% 69.9% 65.8% 68.4% 67.1% 67.6% 62.6% 61.9% 52.6% 47.6% 2017/3 2018/3 2019/3 2020/3 * We administer awareness surveys regarding wo
Slide 28: Progress in Work Style Reform: Rate of resignations
【Reference】 Progress in “Work Style Reform” Rate of resignations* 3.9% 3.3% 3.2% 3.0% 2017/3 2018/3 2019/3 2020/3 * Number of employee resignations in respective fiscal years (of their own accord) × 100 Number of registered employees as of the respective fiscal year-end + Number of employees who hav
Slide 29: Progress in Reforming Group Governance
【Reference】 Progress in “Reforming Group Governance” Strengthening corporate governance on a group-wide basis promoted mainly by the Group Governance Project ◆ Overview of “Reforming Group Governance” ◆ Initiatives [Goals] <Fiscal year ended March 31, 2020> ・ Earning the trust of each and every one
Slide 30: Progress in Structural Reforms: Adequate pricing initiatives
【Reference】 Progress in Structural Reforms in the Delivery Business Build a foundation for improving profitability by adequate pricing initiatives and improving collection and delivery efficiency through the expansion of contact points (yen) Progress of adequate pricing initiatives 単価 Unit price 800
Slide 31: YoY Analysis of Consolidated Operating Revenue by Segment
【Reference】 YoY Analysis of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2020) (Billions of yen) BIZ- YoY +¥4.8 billion (+0.3%) Logistics (3.5) Home Delivery Financial Autoworks Other Convenience e-Business (1.0) +12.8 (2.8) +1.0 (5.5) +3.9 1. Delivery 2. BIZ-Logistics (*1) 3. Home Co
Slide 32: YoY Trends of TA-Q-BIN Business Overseas
【Reference】 YoY Trends of TA-Q-BIN Business Overseas (Fiscal Year Ended March 31, 2020) Delivery amount at 4 overseas cities Shanghai Singapore Hong Kong Malaysia (under direct control of Yamato Group) YoY 4-city total 6,475 thousand 4-city total 3,643 thousand (43.7)% Shanghai 4,194 thousand Shangh
Slide 33: Summary of Operating Expenses in Delivery Business (Fourth Quarter)
【Reference】 Summary of Operating Expenses in Delivery Business (Fourth Quarter – January to March) (Millions of Yen) Fourth Quarter Fourth Quarter 2019/3 2020/3 YoY Change Actual Actual Amount [%] Operating revenue 290,460 293,519 +3,059 +1.1 Operating expenses 309,100 301,076 (8,024) (2.6) Personne
Slide 34: Summary of Operating Expenses in Delivery Business (Fiscal Year)
【Reference】 Summary of Operating Expenses in Delivery Business (Fiscal Year Ended March 31, 2020) (Millions of Yen) Fiscal year ended Fiscal year ended March 31, 2019 March 31, 2020 YoY Change Actual Actual Amount [%] Operating revenue 1,297,222 1,310,067 +12,845 +1.0 Operating expenses 1,256,435 1,
Slide 35: Disclaimer
Disclaimer: This material is intended for informational purposes only and is not a solicitation or offer to buy or sell securities or related financial instruments. Ultimately it is the responsibility of investors to select and buy securities and the Company assumes no responsibility for investors w