Yamato Holdings Co., Ltd. · TSE:9064
Yamato — FY2021 Earnings Presentation
29 slides from Yamato's earnings presentation, Apr 30, 2021
Slide 1: Yamato Group Overview of Consolidated Results
Yamato Group Overview of Consolidated Results ＜Fiscal Year Ended March 2021＞ April 30,2021 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: Financial Results for FY Ended March 2021 (Overview)
1. Financial Results for the Fiscal Year Ended March 31, 2021 (Overview) Achieved growth in both revenue and profit in our consolidated results for the full year ended March 2021 Consolidated operating revenue：1,695.9 billion yen (+106.4 bn yen, +6.7% year-on-year) Consolidated operating profit： 92.
Slide 3: Financial Results for FY Ended March 2021 (Overview)
2. Financial Results for the Fiscal Year Ended March 31, 2021 (Overview) Grew operating revenues by catering to changing customer needs, while optimizing cost levels through optimal allocation of management resources based on data analysis Operating profit margin and ROE （％） Delivery Business: head
Slide 4: Promoted sustainable management and work environment
3. Financial Results for the Fiscal Year Ended March 31, 2021 (Overview) Promoted sustainable management, and maintained/improved work environment Overtime per employee declined Rise in usage of annual paid leave （Halved compared to FY March 2017） 90.0% 89.1% 81.5% 100 92.6 60.7% 52.5% 65.3 52.0 48.
Slide 5: Business structure under One YAMATO 2023
4．Business structure under “One YAMATO 2023” (from FY March 2022) ・Optimize management resource allocation based on customers’ perspective ・Combine management resources of the Group, and help solve issues faced by customers through comprehensive proposals Division/ headquarters Customer Main managem
Slide 6: Value provision by Retail Business Headquarters
5．Value provision by Retail Business Headquarters ・Refine safety, quality and productivity of the universal service “TA-Q-BIN”, and cater to retail needs in a sustainable manner ・Share sales information from Sales Drivers with Corporate Division, and collaborate when facing customers No. of pick-ups
Slide 7: Value provision by EC Business Headquarters
6．Value provision by EC Business Headquarters (Corporate Division) Benefit from the growth of EC, by combining digital with the real/physical, expanding and improving productivity of EC delivery network, better convenience for recipients, and offering solutions to EC operators and merchants No. of p
Slide 8: Value provision by Corporate Business Headquarters
7．Value provision by Corporate Business Headquarters (Corporate Division) ・Reorganize Yamato Transport (YTC)’s Corporate Sales Branch and Yamato Global Express (YGX)’s delivery network for corporate clients, into a middle mile network that caters to needs from mid-to-upstream of the supply chain （Fu
Slide 9: Value provision by Global SCM Business Headquarters
8．Value provision by Global SCM Business Headquarters (Corporate Division) ・Organically combine TA-Q-BIN, EC network and middle mile network with local networks, thereby not only make logistics more efficient, but provide value over the entire supply chain, such as better efficiency in backyard oper
Slide 10: Year ending March 2022
9．Year ending March 2022 ・In order to build a foundation for sustainable future growth, Yamato will make a firm-wide effort and focus on the 9 priority initiatives of “One YAMATO2023” ① Steady growth of bottom line profit ・ Continue to pursue further efficiency of pick-up & delivery and trunk-route
Slide 11: Consolidated forecast for the year ending March 2022
10．Consolidated forecast for the year ending March 2022 ※Excludes the impact of removing Yamato Lease Co., Ltd. from scope of consolidation Fiscal Year ended March 31, 2022 Fiscal Year ended (Billions of Yen) March 31, 2021 YoY Change Actual Forecast Amount [%] Operating revenue 1,695.8 1,775.0 ＋79.
Slide 12: Capital policy
11．Capital policy 1 Basic policy 2 Benchmark of capital policy (Key indicators) In consideration of growth (operating revenue), profitability (operating profit margin), financial soundness (cash generation, Dividend payout Total payout ROE balance of cash & deposits, level of equity ratio), progress
Slide 13: Operating Results the Year Ended March 31, 2021
12．Operating Results the Year Ended March 31, 2021 ※Excludes the impact of removing Yamato Lease Co., Ltd. from scope of consolidation Fiscal Year ended March 31, 2021 Fiscal Year ended (Billions of Yen) March 31, 2020 YoY Change YoY Change(*) Actual Actual Amount [%] Amount [%] Operating revenue 1,
Slide 14: YoY Analysis of Consolidated Operating Revenue
13. YoY Analysis of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2021) (Billions of yen) YoY ＋106.3 ＋6.7% Delivery Financial BIZ-Logistics Autoworks , etc. 1,695.8 ＋3.2 ＋2.6 Expand sales of (8.4) Increase in handling volume due to trading logistics Decrease in fuel sales volume ＋108.9
Slide 15: Quarterly YoY Trends of Parcel Delivery
14. Quarterly YoY Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY) (Fourth Quarter January-March) Increased in delivery volume by responding diverse needs of customers focusing on EC. Delivery volume growth rate (TA-Q-BIN+TA-Q-BIN Compact+EAZY) Unit price growth rate Delivery volume grow
Slide 16: Quarterly YoY Trends of Kuroneko DM-Bin
15. Quarterly YoY Trends of Kuroneko DM-Bin (Fourth Quarter January-March) Decreased in delivery volume due to continuing impact of the spread of COVID-19 infections and DM market downward trend YoY Kuroneko DM-Bin volume growth rate YoY growth rate of Kuroneko DM-Bin unit price （%） 7.1 8.8 7.0 8.6
Slide 17: Summary of Consolidated Operating Expenses (Fourth Quarter)
16. Summary of Consolidated Operating Expenses (Fourth Quarter January-March) Fiscal Year ended Fiscal Year ended March 31, 2021 March 31, 2021 (Millions of Yen) Forecast Change YoY Change(*) January 2021 4th Quarter Forecast Actual Amount [%] Amount [%] Operating revenue 384,323 400,191 15,867 ＋4.1
Slide 18: YoY Analysis of Consolidated Operating Expenses (Fourth Quarter)
17. YoY Analysis of Consolidated Operating Expenses (Fourth Quarter January-March) (Billions of yen) Subcontracting *Excluding effects of change in scope of consolidation (Yamato Lease Co.,LTD.) expenses Revenue increase Personnel Other ＋37.9 expenses Vehicle operating ＋25.1 expenses expenses Elimin
Slide 19: YoY Analysis of Consolidated Operating Revenue (FY March 2021)
18. YoY Analysis of Consolidated Operating Revenue (Fiscal Year Ended March 31, 2021) Fiscal Year ended Fiscal Year ended (Millions of Yen) March 31, 2020 March 31, 2021 YoY Change YoY Change(*) Actual Actual Amount [%] Amount [%] Operating revenue 1,630,146 1,695,867 ＋65,720 ＋4.0 ＋106,364 ＋6.7 Subc
Slide 20: YoY Analysis of Consolidated Operating Expenses (FY March 2021)
19. YoY Analysis of Consolidated Operating Expenses (Fiscal Year Ended March 31, 2021) Subcontracting (Billions of yen) *Excluding effects of change in scope of consolidation (Yamato Lease Co.,LTD.) expenses Revenue Personnel increase expenses Other ＋106.3 ＋45.0 Vehicle operating Eliminations 92.1 e
Slide 21: Consolidated Operating Expenses (Quarterly)
20. Consolidated Operating Expenses (Quarterly) 2020/3 2021/3 Forth Second Third Forth First Quarter (Millions of Yen) Quarter Quarter Quarter Quarter YoY Change Actual YoY Change YoY Change YoY Change YoY Change Actual Actual Actual Actual (Apr-Jun) (Jan-Mar) Amount [%] Amount [%] (Jul-Sep) Amount
Slide 22: Operating Results Forecast for FY Ending March 2022 (Segments)
21. Operating Results Forecast for the Fiscal Year Ending March 31, 2022 ～2021/3 2022/3～ Old segment New segment Retail Division Home Convenience BIZ-Logistics Delivery Financial Autoworks e-Business Other Corporate Division To optimize management resource allocation based on customers’ perspective
Slide 23: Forecast for FY Ending March 2022 (Breakdown by Business Segment)
22. Operating Results Forecast for the Fiscal Year Ending March 31, 2022 (Breakdown by Business Segment) Fiscal Year ended Fiscal Year ending (Millions of Yen) March 31, 2021 March 31, 2022 YoY Change Actual Forecast Amount [%] Operating revenue 1,695,867 1,775,000 ＋79,132 ＋4.7 Retail Business － 760
Slide 24: Forecast for FY Ending March 2022 (Operating Expenses)
23. Operating Results Forecast for the Fiscal Year Ending March 31, 2022 (Breakdown of Operating Expenses and others) Fiscal Year ended March Fiscal Year ending (Millions of Yen) 31, 2021 March 31, 2022 YoY Change Actual Forecast Amount [%] Operating revenue 1,695,867 1,775,000 ＋79,132 ＋4.7 Subcontr
Slide 25: Reference Material
Reference Material
Slide 26: YoY Analysis of Consolidated Operating Revenue (2021/3)
Reference YoY Analysis of Consolidated Operating Revenue (2021/3) ※ Excluding the impact of removing Yamato Lease Co., Ltd. from scope of consolidation 1 2 3 4 5 6 (Billions of yen) BIZ- Home Delivery Logistics Convenience e-Business Financial Autoworks Other 1,695.8 ＋2.6 (0.9) (2.1) ＋3.2 (3.0) (2.2
Slide 27: Summary of Operating Expenses in Delivery Business (Fourth Quarter)
Reference Summary of Operating Expenses in Delivery Business (Fourth Quarter January-March) Fiscal Year ended Fiscal Year ended March 31, 2020 March 31, 2021 (Millions of Yen) YoY Change(*) 4th Quarter 4th Quarter Actual Actual Amount [%] Operating revenue 293,519 327,674 ＋34,154 ＋11.6 Subcontractin
Slide 28: Summary of Operating Expenses in Delivery Business (2021/3)
Reference Summary of Operating Expenses in Delivery Business (2021/3) Fiscal Year ended Fiscal Year ended (Millions of Yen) March 31, 2020 March 31, 2021 YoY Change Actual Actual Amount [%] Operating revenue 1,310,067 1,418,993 ＋108,925 ＋8.3 Subcontracting expenses 354,729 394,783 ＋40,054 ＋11.3 Comm
Slide 29: 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