Yamato Holdings Co., Ltd. · TSE:9064
Yamato — FY2018 Earnings Presentation
16 slides from Yamato's earnings presentation, May 2, 2018
Slide 1: Consolidated Financial Summary for the Fiscal Year Ended March 31, 2018
(Ge YAMATO GROUP CONSOLIDATED FINANCIAL SUMMARY for the Fiscal Year Ended March 31, 2018 YAMATO HOLDINGS CO., LTD. May 2, 2018
Slide 2: Highlight (FY2018)
[Highlight (FY2018)] Operating revenue: ¥1,538.8 billion (Growth ↑ 4.9%) Operating profit: ¥ 35.6 billion (Growth ↑ 2.3%) <<Delivery Business>> ・ In the first half, we engaged in efforts that included “improving and developing employee working environment” and “revising TA-Q-BIN basic fees and respe
Slide 3: Consolidated financial results (FY2018)
[Consolidated financial results (FY2018)] ・ Revenue increased in Delivery and Non-delivery Businesses. ・ Operating profit increased by ¥0.8 billion amid increasing expenses incurred largely from promoting “reforming working styles” initiatives and structural reforms.
Slide 4: YoY analysis of consolidated operating revenue (FY2018)
[YoY analysis of consolidated operating revenue (FY2018)] (1) Delivery Business (Revenue increase) Positive: TA-Q-BIN delivery volume: ↓ 1.7%, unit price ↑ 6.8% Negative: Kuroneko DM-Bin volume: ↓ 5.0%, unit price ↑ 1.8％ (2) BIZ-Logistics Business (Revenue increase) Positive: Firm results in use of
Slide 5: Quarterly YoY Trends of TA-Q-BIN delivery (4Q)
[Quarterly YoY Trends of TA-Q-BIN delivery (4Q (Jan. to Mar.))] TA-Q-BIN delivery volume: YoY ↓ 9.0% Unit price: YoY ↑ 18.5% ・We made progress in negotiating review of our rates with our corporate clients (large-lot and small-lot). ・ We continuously promoted adequate pricing initiatives.
Slide 6: Quarterly YoY trends of Kuroneko DM-Bin (4Q)
[Quarterly YoY trends of Kuroneko DM-Bin (4Q (Jan. to Mar.))] Kuroneko DM-Bin delivery volume: YoY ↓ 10.4% Unit price: YoY ↑ 3.6% ・ We reviewed details of some business transactions and promoted adequate pricing initiatives. ・ We continued to face a sluggish market.
Slide 7: YoY trends of TA-Q-BIN Business overseas (FY2018)
[YoY trends of TA-Q-BIN Business overseas (FY2018)] ・ Delivery volume decreased due to our review of unprofitable transactions, etc. ・ We have been promoting efforts to build a cross-border platform that provides substantial added value, through leveraging cold chain network.
Slide 8: YoY analysis of consolidated operating expenses (FY2018)
[YoY analysis of consolidated operating expenses (FY2018)] (1) Operating revenue increased by 4.9% YoY while operating expenses increased by 5.0% YoY. (2) Cost environment i) “Reforming working styles” (expenses of ¥9.0 billion) has moved along as projected. ii) Rise in labor costs such as those inv
Slide 9: Reforming working styles
[Reforming working styles] “Reforming working styles” (expenses of ¥9.0 billion) has moved along as projected. (1) Improving and implementing thorough labor management • Changes made to rules for administration of employee attendance (2) Modifying service level • Set earlier deadlines for accepting
Slide 10: Forecast of operating results (FY2019)
[Forecast of operating results (FY2019)] ・ Promote structural reforms mainly involving the “reforming working styles” initiatives ・ We expect to incur additional expenses necessary for such reforms going forward ・ We will make investment geared to expanding delivery capacity, largely involving drive
Slide 11: Capital management policy
[Capital management policy] ・ We undertake ongoing growth investment geared to achieving earnings growth over the medium- to long-term, as well as aim to provide consistent dividends and flexible shareholder returns ・ ROE FY2018: 3.3% FY2019: 6.5% (Forecast) ・ Payout ratio FY2018: 58.4% FY2019: 30.7
Slide 12: Summary of consolidated operating expenses (FY2018)
[Summary of consolidated operating expenses (FY2018)] In FY2018, expenses continued to increase partially due to efforts to promote “reforming working styles” initiatives and “structural reforms in the Delivery Business” (1) Personnel expenses Employee salary ・ Number of employees YoY ↑ 5.6% as of M
Slide 13: Summary of Operating Expenses in Delivery Business (FY2018)
12. Summary of Operating Expenses in Delivery Business (FY2018) 1,151,028 1,201,745 | +50716 +4.4% 1,145,390 1,194,986 | +49,596 +43% 669,019 682,547 | +13,527 +2.0% 444,790 465,444 +20,653 +4.6% 224,229 217,102 (7,126) (3.2)% 352,741 375,159 | +22,417 +6.4% 136,530 157,215 +20,685 +15.2% 180,647 18
Slide 14: Operating results forecast (FY2019: breakdown by business segment)
[Operating results forecast (FY2019: breakdown by business segment)] We will promote business structural reform geared to achieving sustainable growth in both the Delivery Business and the non-delivery businesses. (1) Delivery Business <TA-Q-BIN> ・ Volume: 1,770,000 thousand (YoY ↓ 66,680 thousand,
Slide 15: Operating results forecast (FY2019: breakdown of operating expenses)
[Operating results forecast (FY2019: breakdown of operating expenses)] ・ Expenses will increase in association with promoting “reforming working styles” and “business structural reform” initiatives. ・ We will enhance business frameworks, particularly with respect to our drivers for early evening and
Slide 16: 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