Yamato Holdings Co., Ltd. · TSE:9064
Yamato — H1 FY2018 Earnings Presentation
15 slides from Yamato's earnings presentation, Nov 1, 2017
Slide 1: Highlight for the First Six Months of Fiscal Year Ending March 31, 2018
Highlight for the First Six Months of Fiscal Year Ending March 31, 2018 nr YAMATO HOLDINGS CO., LTD. November 1, 2017
Slide 2: Highlight (6 months)
[Highlight (6 months)] Consolidated operating results: Revenue increased but profit decreased (1) Operating revenue: ¥729.8 billion YoY ↑ ¥23.1 billion • Delivery Business: Upward trend with respect to delivery volume of TA-Q-BIN continued • Non-delivery Business: Results were firm primarily from ex
Slide 3: Consolidated financial results (6 months)
[Consolidated financial results (6 months)] (1) Nothing noteworthy has emerged in terms of non-operating income, non- operating loss, extraordinary income and extraordinary loss. (2) Loss attributable to owners of parent was ¥12.0 billion. 3
Slide 4: Major factors of changes in revenues by segment
[Major factors of changes in revenues by segment] (1) Delivery Business (Revenue increase) Positive: Upward trend with respect to delivery volume of TA-Q-BIN continued: ↑ 3.6% (Retail: ↑ 1.4%; Large lot commercial: ↑5.7%) (2) BIZ-Logistics Business (Revenue increase) Positive: Favorable results in u
Slide 5: Quarterly YoY trends of TA-Q-BIN delivery (first half)
[Quarterly YoY trends of TA-Q-BIN delivery (first half)] (1) TA-Q-BIN delivery volume up 2.2 % YoY • Slowing rate of growth of TA-Q-BIN delivery volume in comparison with 1Q. (2) The unit price was down 0.2% YoY • Slowing rate of decline of unit price in comparison with 1Q. 5
Slide 6: Quarterly YoY trends of Kuroneko DM-Bin (first half)
[Quarterly YoY trends of Kuroneko DM-Bin (first half)] (1) Kuroneko DM-Bin volume: YoY ↓ 1.3% • We continue to face a sluggish market and a tough competitive landscape. (2) Unit price: YoY ±0 % 6
Slide 7: YoY trends of TA-Q-BIN Business overseas (6 months)
[YoY trends of TA-Q-BIN Business overseas (6 months)] (1) Our review of unprofitable transactions is reaching completion and TA-Q- BIN delivery volume is trending higher. (2) We have been promoting development of a cross-border platform leveraging cold chain network. 7
Slide 8: Major changes in consolidated operating expenses (6 Months)
[Major changes in consolidated operating expenses (6 Months)] (1) Operating revenue increased by 3.3% YoY while operating expenses increased by 8.3% YoY. (2) The cost environment in the six months ended September 30, 2017 • Rise in labor costs such as those involving outsourcing workforce → Employee
Slide 9: Forecast of FY2018 (full-year) operating results
[Forecast of FY2018 (full-year) operating results] (1) Consolidated operating revenues: ¥12.0 billion higher than previous forecast; YoY ↑¥35.1 billion, ↑2.4% (2) Consolidated operating profit: Remain unchanged from the previous forecast; YoY ↓¥9.8 billion, ↓28.3% 9
Slide 10: Forecast of FY2018 (Second Half) Consolidated Operating Profit
9. Forecast of FY2018 (Second Half) Consolidated Operating Profit <1Q> <2Q> <Second Half> (Billions of yen) 55.0 55.0 55.0 505 45.0 45.0 45.0 35.0 35.0 35.0 25.0 25.0 25.0 15.0 15.0 15.0 74 44 5.0 +4 5.0 (6.0) + (6.0) (6.0) (15.0) (10.0) )(15.0) (15.0) FY2016 FY2017 FY2018 FY2016 FY2017 FY2018 FY201
Slide 11: Summary of consolidated operating expenses (6 months)
[Summary of consolidated operating expenses (6 months)] (1) Personnel expenses: YoY ↑ ¥26.4 billion (↑7.2%) Employee salary: YoY ↑ ¥13.4 billion (↑ 5.3%) • Number of employees YoY ↑4.8% (full-time ↑3.2%, part-time ↑6.1%) Other personnel expenses: YoY ↑ ¥13.5 billion • Bonus …YoY ↑ ¥7.5 billion → Inc
Slide 12: Summary of Operating Expenses in Delivery Business (6 Months)
11. Summary of Operating Expenses in Delivery Business (6 Months) 566,749 554,849 11,899 594,093 547,844 46,249 8.4 342,847 318,755 24,092 76 231,012 218,783} 12,228 5.6 6,613 7,023 (409) 68) 105,220 92,947 12,273 13.2 184,819 167,900 16,918 10.1 76,973 62,727 14,246 22.7 90,766 87,508 3,258 37 17,0
Slide 13: (Full-year) Operating results forecast (by business segment)
[(Full-year) Operating results forecast (by business segment)] (1) The full-year forecast for operating revenues is ¥12.0 billion higher year on year, which reflects higher than expected first-half results → The forecast for the second half remains unchanged at this point in time (2) The full-year f
Slide 14: (Full-year) Operating results forecast (breakdown of operating expenses)
[(Full-year) Operating results forecast (breakdown of operating expenses)] (1) With respect to overall operating expenses, we project increase of ¥12.0 billion (YoY ↑¥45.0 billion, ↑3.1%). (2) Major changes from the previous forecast • Personnel expenses: ↑ ¥5.0 billion Employee salary......... Incr
Slide 15: These presentation materials (with explanatory notes) and the
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 a solicitation or offer to