Yamato Holdings Co., Ltd. · TSE:9064
Yamato — H1 FY2017 Earnings Presentation
16 slides from Yamato's earnings presentation, Nov 1, 2016
Slide 1: Settlement of Accounts Meeting for the First Half of Fiscal Year Ending March 31, 2017
(GW YAMATO HOLDINGS CO., LTD. Settlement of Accounts Meeting for the First Half of Fiscal Year Ending March 31, 2017 November 1, 2016 YAMATO HOLDINGS CoO., LTD. Disclaimer: This material is intended for informational purposes and is not a solicitation or offer to buy or sell securities or related fi
Slide 2: Results main points
[Results main points] (1) In the six months ended September 30, 2016, both revenues and income increased YoY and they were roughly in line with forecast. (2) Operating revenue (YoY ↑ ¥22.9 billion) Delivery Business： TA-Q-BIN delivery volume increased due to continued growth in the mail order market
Slide 3: Operating results in the six months ended September 30, 2016
[Operating results in the six months ended September 30, 2016] (1) The increase in expenses attributable to external factors • The effect of higher retirement benefit expenses attributable to a shift in the discount rate and the increase in the size-based enterprise tax combined amount to approximat
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 and income increase) Positive: TA-Q-BIN delivery volume: ↑ 9.4% (Retail: ↑ 4.4%; Large lot commercial: ↑ 14.8%); operating reve
Slide 5: Major changes in consolidated operating expenses
[Major changes in consolidated operating expenses] (1) Consolidated operating expenses increased by 3.0% YoY. (2) Company operating in a business environment that is becoming less favorable ・Tax increase in size-based enterprise tax ( ↑ ¥1.6 billion) → Increase of taxes and dues ・ Increase in retire
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 2Q, operating income decreased by ¥0.3 billion YoY. (3) Major factors of changes in operating income in 2Q Revenues: Despite revenue increased largely due
Slide 7: Trends of TA-Q-BIN
[Trends of TA-Q-BIN] (1) Delivery volume and unit price were largely in line with expectations. (2) TA-Q-BIN delivery volume up 9.4% YoY • Business involving large-lot mail-order customers continued to grow substantially. • Sales of “TA-Q-BIN Compact” and “Nekopos” services were expanded. • Shipment
Slide 8: Trends of Kuroneko DM-Bin
[Trends of Kuroneko DM-Bin] (1) Kuroneko DM-Bin volume exceeded expectations, and unit price was largely in line with expectations. (2) Kuroneko DM-Bin volume up 0.4% YoY • Adverse effects of discontinuing the Kuroneko Mail service have subsided, and Kuroneko DM-Bin deliveries particularly among exi
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 overall. 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. We continue our efforts to achieve results in line with the revenue forecast. YoY ↑ ¥43.5 billion, ↑ 3.1% (2) Consolidated operating income: Pro
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 3.0% YoY against a 3.3% YoY increase in operating revenues. (2) Personnel expenses: YoY ↑ ¥9.2 billion (↑2.6%) Retirement benefit expenses: YoY ↑ ¥1.7 billion (↑26.4%) .......Of this amount, a ¥1.5 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 6 million parcels from the previous forecast to reflect prevailing circumstances (We forecast a 7.5% YoY increase for the full year, and a 5.8% increase in the latter half, indicating a slowing rate of gro
Slide 15: Forecast of operating expenses
[Forecast of operating expenses] (1) With respect to our full-year forecast for overall operating expenses, we have not made any changes from the previous forecast. We project increases in operating revenues and operating expenses of 3.1% YoY and 3.5% YoY, respectively. Higher expenses due to extern
Slide 16: (@® Yamato HOLDINGS CO.,LTD.
(@® Yamato HOLDINGS CO.,LTD. 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 no