Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q3 FY2022/3 Earnings Presentation
23 slides from Yamato's earnings presentation, Feb 10, 2022
Slide 1: Yamato Group Overview of Consolidated Results
Yamato Group Overview of Consolidated Results ＜3rd Quarter of Fiscal Year Ending March 2022＞ February 10, 2022 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: Structural reforms in Medium-term Management Plan One YAMATO 2023
1．Structural reforms in Medium-term Management Plan “One YAMATO 2023” Integrate the 9 Group companies, and reallocate the aggregate management resources from the “Customers’ Perspective”. Promote structural reform to provide value covering the entire business process of our customers Steady progress
Slide 3: Establishing an EC logistics network
2．Establishing an “EC logistics network” ・Optimizing the allocation of EAZY CREW, in charge of EC deliveries, since the 2Q 2022 ・Providing service through appropriate operations, and supporting the growth of EC demand, including in December No. of parcels (incl. Nekopos) in December （1,000 parcels）
Slide 4: Establishing the EC logistics network
3．Establishing the “EC logistics network” Promote the establishment of the “EC logistics network” from the 2Q 2022/3, and expand the capacity of the network with a different cost structure（cover approx. 13％* of total volume） *For the month of Dec 2021 Build a network focused on EC with a different
Slide 5: Optimization of Existing Network
4．Optimization of “Existing Network” Under new execution structure from Feb 1st, optimize sorting and transportation operations of the “Existing Network”, separating the EC parcels Optimization of sorting and transportation Outsourcing expenses*1 for sorting and transportation （Millions of Yen） （Y
Slide 6: Providing solutions that support the entire supply chain
5．Providing solutions that support the entire supply chain Strengthen structure facing corporate customers, and accelerate the provision of solutions catered to customers’ challenges & needs Strengthening structure facing corporate customers Strengthening account management structure ・Strengthen a
Slide 7: Achieving Medium-term Management Plan targets and sustainable growth
6．Achieving Medium-term Management Plan targets and sustainable growth in the period beyond Start a new execution structure from Feb 1st, towards overcoming challenges that surfaced through the structural reform, and execute strategies to achieve overall optimization → Change organization in April t
Slide 8: Shareholder return (share buyback and cancellation)
7．Shareholder return（share buyback and cancellation） 【Shareholder return】 ＜Announcement on Feb 9th, 2022＞ ・As part of our flexible & timely capital strategy, with the aim of enhancing shareholder value and adapting to changes in the management environment, we will buy back (up to 20 billion yen) of
Slide 9: Operating Results in the 3rd Quarter of the Fiscal Year Ending March 31, 2022
8．Operating Results in the 3rd Quarter of the Fiscal Year Ending March 31, 2022 Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2021 3rd Quarter YoY Change (Billions of Yen) 3rd Quarter (Cumulative) (Cumulative) Actual Amount [%] Actual Operating revenue 1,295.6 1,372.3 76.7 ＋5.9 Opera
Slide 10: YoY Analysis of Consolidated Operating Revenue (3rd Quarter Cumulative)
9．YoY Analysis of Consolidated Operating Revenue (3rd Quarter Cumulative) YoY （Billions of Yen） ＋76.7 ＋5.9% Corporate Business Other Unit Retail Business ＋58.6 ＋4.9 1,372.3 Unit ＋13.1 1,295.6 Expanding sales of “JITBOX Charter service” Capturing demand from etc. Delivery volume increased EC, respond
Slide 11: Quarterly YoY Trends of Parcel Delivery
10．Quarterly YoY Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY) (3rd Quarter October - December) 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 12: Quarterly YoY Trends of Kuroneko DM-Bin
11．Quarterly YoY Trends of Kuroneko DM-Bin (3rd Quarter October - December) Volume declined, due to factors such as the shrinking of the direct mail market （%） YoY Kuroneko DM-Bin volume growth rate YoY growth rate of Kuroneko DM-Bin unit price 8.6 8.3 6.5 8.2 6.3 9.7 3.1 1.5 0.0 0.0 0.0 0.0 (19.5)
Slide 13: Summary of Consolidated Operating Expenses (3rd Quarter)
12．Summary of Consolidated Operating Expenses (3rd Quarter October - December) Fiscal Year ending March 31, 2022 Fiscal Year ended March 31, 2021 YoY Change (Millions of Yen) 3rd Quarter 3rd Quarter Actual Actual Amount [%] Operating revenue 489,608 506,916 ＋17,308 ＋3.5 Subcontracting expenses 172,1
Slide 14: YoY Analysis of Consolidated Operating Expenses (3rd Quarter)
13．YoY Analysis of Consolidated Operating Expenses (3rd Quarter October - December) (Billions of yen) 62.8 Revenue increase Subcontracting 47.4 Personnel Other ＋17.3 expenses Vehicle expenses operating Eliminations expenses ＋28.3 ＋0.8 ＋1.6 expenses ＋1.5 ＋0.2 3rd Quarter Operating Operating 3rd Quart
Slide 15: Summary of Consolidated Operating Expenses (3rd Quarter Cumulative)
14．Summary of Consolidated Operating Expenses (3rd Quarter Cumulative) Fiscal Year ended Fiscal Year ending March 31, 2022 March 31, 2021 3rd Quarter YoY Change (Millions of Yen) 3rd Quarter (Cumulative) (Cumulative) Actual Amount [%] Actual Operating revenue 1,295,676 1,372,386 ＋76,710 ＋5.9 Subcont
Slide 16: YoY Analysis of Consolidated Operating Expenses
15．YoY Analysis of Consolidated Operating Expenses (3rd Quarter October - December) (Billions of yen) Subcontracting Other Revenue Expenses Personnel Vehicle operating Eliminations increase ＋89.5 Expenses Expenses Expenses (9.2) 89.7 ＋76.7 (6.1) ＋4.5 ＋8.6 79.1 3rd Quarter Operating Operating 3rd Qua
Slide 17: Consolidated Operating Expenses (Quarterly / YoY change)
16．Consolidated Operating Expenses (Quarterly / YoY change) 2021/3 2022/3 Third Forth First Second Third (Millions of Yen) Quarter Quarter Quarter Quarter Quarter YoY Change YoY Change YoY Change YoY Change YoY Change Actual Actual Actual Actual Actual (Oct-Dec) Amount [%] (Jan-Mar) Amount [%] (Apr-
Slide 18: Operating Results Forecast for FY Ending March 2022 (by Segment)
17．Operating Results Forecast for the Fiscal Year Ending March 31, 2022 (Breakdown by Business Segment) Fiscal Year ended Fiscal Year ending March 31, 2022 (Millions of Yen) March 31, 2021 November 2021 New Forecast Change YoY Change Actual Forecast Forecast Amount [%] Amount [%] Operating revenue 1
Slide 19: Operating Results Forecast for FY Ending March 2022 (Operating Expenses)
18．Operating Results Forecast for the Fiscal Year Ending March 31, 2022 (Breakdown of Operating Expenses and others) Fiscal Year ended Fiscal Year ending March 31, 2022 (Millions of Yen) March 31, 2021 November 2021 New Forecast Change YoY Change Actual Forecast Forecast Amount [%] Amount [%] Operat
Slide 20: Reference material
Reference material
Slide 21: Operating Results Forecast for FY Ending March 2022 (4th Quarter)
Reference Operating Results Forecast for the Fiscal Year Ending March 31, 2022 (4th Quarter January - March) Fiscal Year ending March 31, 2022 Fiscal Year ended March 31, 2021 YoY Change (Millions of Yen) 4th Quarter 4th Quarter Forecast Actual Amount [%] Operating revenue 400,191 407,613 ＋7,422 ＋1.
Slide 22: Introducing Air Freighters in 2024
Reference Introducing Air Freighters in 2024 Introducing Air Freighters in an effort to build a sustainable and resilient logistics network ・ Yamato and Japan Airlines Co., Ltd. (JAL) jointly announced to launch air *1 freighter operations in April 2024 ・ Securing stable transportation capacity and
Slide 23: 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