Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q3 FY2020/3 Earnings Presentation
20 slides from Yamato's earnings presentation, Jan 31, 2020
Slide 1: Consolidated Financial Summary for the Third Quarter FY ending March 2020
YAMATO GROUP CONSOLIDATED FINANCIAL SUMMARY for the Third Quarter of the Fiscal Year Ending March 31, 2020 YAMATO HOLDINGS CO., LTD. January 31, 2020
Slide 2: Financial Results for the Third Quarter 2020/3 (Cumulative)
Financial Results for the Third Quarter 2020/3 (Cumulative) - Consolidated operating revenue: ¥ 1,257.7 billion YoY increase by ¥11.3 billion, +0.0% - Consolidated operating profit: ¥ 50.0 billion YoY decrease by ¥24.2 billion, (32.6)%
Slide 3: Dividends, Share Repurchase and Joint Venture for Yamato Lease
１．Dividends to commemorate 100-year anniversary November 29, 2019 marked the 100-year anniversary of the company's founding. A commemorative dividend will be paid to express our gratitude to our shareholders for their support. ２．Share repurchase and cancellation - Considering stable dividends and fl
Slide 4: Operating Revenue, Operating Profit and Non-operating Items
1. Operating revenue: ¥1,257.7 billion (YoY increase by ¥0.1 billion) 1) Delivery Business Revenue increased due to adequate pricing initiatives, etc. 2) Non-delivery Business Revenue decreased largely due to reactionary decline from the previous one-off businesses, delays in acquiring new projects
Slide 5: YoY Analysis of Consolidated Operating Revenue (Third Quarter - Cumulative)
4. YoY Analysis of Consolidated Operating Revenue (Third Quarter - Cumulative) Loss sur Pi reactionary decline ae from the previous (Billions of yen) one-off businesses, delays in acquiring new projects, etc. (BIZ-Logistics) (5.7) Effects of discontinuing moving-related Favorable services results fr
Slide 6: Decrease in TA-Q-BIN delivery amount in the third quarter
Widening the decrease of TA-Q-BIN delivery amount from the previous year in the third quarter (October-December) : （4.3)％ - Struggling due to the impact of natural disasters such as typhoons, sluggish personal consumption after the consumption tax hike, a decline in the delivery amount handled by la
Slide 7: Quarterly YoY Trends of Kuroneko DM-Bin (Third Quarter)
6. Quarterly YoY Trends of Kuroneko DM-Bin (Third Quarter) 8.8 86 8. ax | 721 7.0 830 65 360 3.60 3.6 gee mn gee mm 5.0 | - 0.0 69 ~ (1.1) (1.3) (10.0) - (15.0) (20.0). (17.0) (25.0) (21.7) (19.2) (19.5) (19.1) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q e@=YoY Kuroneko DM-Bin amount growth rate = == YoY growt
Slide 8: Cost control efforts beginning to bear fruit
- The results of our cost control efforts are beginning to bear fruit amid lowering delivery amount of TA-Q-BIN since the 4th quarter of the fiscal year ended March 2019. - Slowing growth in operating expenses resulted in a year-on-year decline in the third quarter of the fiscal year ended March 202
Slide 9: Operating Expenses Analysis (Third Quarter - October to December)
1. Personnel expenses +¥ 4.5 billion +2.1% Mainly as a result of having increased the workforce to build collection and delivery structure 1) Employee salary +¥ 8.1 billion +5.6% 2) Bonus ¥ (2.0) billion (7.8)% 3) Welfare expenses and legal welfare expenses +¥0.4 billion +1.5% 2. Subcontracting expe
Slide 10: Summary of Consolidated Operating Expenses (Third Quarter - October to December)
9. Summary of Consolidated Operating Expenses (Third Quarter —- October to December) 468,478 457,597 (10,881) 417,571 413,734 (3,836) 214,858 219,393 +4535 146,183 154,346 +8,162 68,675 65,047 (3,627) 172,979 160,469 (12,509) 70,798 63,062 (7,735) 54,541 54,127 (414) 47,639 43,280 (4,359) 13,021 12,
Slide 11: Operating Expenses Analysis (Third Quarter - Cumulative)
1. Personnel expenses +¥24.5billion +4.0% Mainly as a result of having increased the workforce to build collection and delivery structure 1) Employee salary +¥21.6 billion +5.1% 2) Bonus +¥ 0.1billion +0.1% 3) Welfare expenses and legal welfare expenses +¥4.6 billion +5.4% 2. Subcontracting expenses
Slide 12: Summary of Consolidated Operating Expenses (Third Quarter - Cumulative)
11. Summary of Consolidated Operating Expenses (Third Quarter - Cumulative) | | 1,257,610 1,257,724 +113 1,183,267 1,207,647 + 24,379 620,576 645,140 + 24,564 423,255 444,948 +21,693 197,320 200,192 +2871 482,319 461,138 (21,181) 197,661 180,697 (16,964) 151,872 155,213 + 3,341 132,785 125,226 (7,55
Slide 13: Full-year Forecast: Operating Revenue and Operating Profit
1. Operating revenue: ¥1,630.0 billion (decreased by 40.0 billion compared to the previous forecast) 1) Delivery Updated the previous forecasts due to lowering delivery amounts of TA-Q-BIN (excl. Nekopos) ,while unit price of TA-Q-BIN (excl. Nekopos) and Nekopos continue to increase 2) Home Convenie
Slide 14: Full-year Forecast: Operating Expenses Changes
1. Operating Expenses: decreased by ¥18.0 billion compared to the previous forecast 1) Personnel expenses: decreased by ¥5.0 billion Updated the previous forecast in light of a reduction of the number of employees due to the promotion of cost control by optimization of workforce allocation according
Slide 15: Shareholder Returns and Capital Policy
- In light of capital efficiency and cash flow conditions, while taking into account the soundness of the Company's financial position, the Company will return profits to shareholders by combining the “share repurchase" which was not implemented during the current medium-term management plan, and th
Slide 16: [Reference] YoY Analysis of Consolidated Operating Revenue by Segment
[Reference] YoY Analysis of Consolidated Operating Revenue (Third Quarter - Cumulative) Home Convenience Lag overs el (4.7) bere Autoworks sae a ae 06) | —_— 1. Delivery 2. BIZ-Logistics (*1) 3. Home Convenience (*2) 4. e-Business [Trend of TA-Q-BIN amount] [Trend of main sub-segments] [Trend of mai
Slide 17: [Reference] YoY Trends of TA-Q-BIN Business Overseas
[Reference] YoY Trends of TA-Q-BIN Business Overseas (Third Quarter - Cumulative) M¥shanghai Singapore [ll Hong Kong | | Malaysia 1 a ON SR, <I RO I 4-city total 5,100 thousand 4-city total 3,215 thousand ((37.0)%) Shanghai 3,328 thousand Shanghai 2,076 thousand ((37.6)%) (Parcels) Singapore 281 tho
Slide 18: [Reference] Operating Expenses in Delivery Business (Third Quarter - October to December)
[Reference] Summary of Operating Expenses in Delivery Business (Third Quarter - October to December) | ___ ee, 383,625 376,125 (7,500) 339,178 337,756 (1,422) 187,935 192,066 +4,130 127,819 135,743 +7,924 60,116 56,322 (3,793) 104,590 95,863 (8,726) 43,770 36,149 (7,621) 52,423 51,954 (468) 8,395 7,
Slide 19: [Reference] Operating Expenses in Delivery Business (Third Quarter - Cumulative)
[Reference] Summary of Operating Expenses in Delivery Business (Third Quarter - Cumulative) 1,006,762 1,016,547 +9,785 947,334 981,741 +34,407 539,280 563,088 +23,808 367,943 389,421 +21,478 171,336 173,666 42,329 285,072 273,881 (11,190) 117,113 103,180 (13,932) 144,794 148,621 +3,827 23,164 22,078
Slide 20: 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