Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q1 FY2027/3 Earnings Presentation
23 slides from Yamato's earnings presentation, Aug 3, 2026
Slide 1: Yamato Group IR Presentation Material
Yamato Group IR Presentation Material ＜1st Quarter of the Fiscal year ending March 2027＞ August 3, 2026 Yamato Holdings Co., Ltd. Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: 1. Summary of consolidated earnings (FY2027/3 Q1)
1. Summary of consolidated earnings (FY2027/3 Q1) Operating revenue grew ¥5.9bn YoY, while operating profit improved by ¥1.6bn, narrowing the net loss. Absorbed the impact of personnel investments and volume fluctuations as planned, with earnings on track to meet the full-year target (operating profit
Slide 3: 2. Factors that affected consolidated operating profit (FY2027/3 Q1)
2. Factors that affected consolidated operating profit (FY2027/3 Q1) Operating profit improved, narrowing the loss from the same period last fiscal year, despite personnel investments —such as improvements in employee compensation—and a decline in parcel volume, due to measures including pricing optimiz
Slide 4: 3. Risk recognition and countermeasures to achieve earnings forecast
3. Risk recognition and countermeasures to achieve earnings forecast Volumes currently falling short of expectations, particularly in the Corporate domain. While maintaining our policy of prioritizing unit prices, we will continue to implement cost-efficiency measures in Q2 onwards, and aim to achieve
Slide 5: 4. Pricing optimization
4. Pricing optimization Although we achieved +¥8bn of profit growth in Q1, we see the recent softness in volumes as a risk. We will implement measures such as refining contract terms towards 2H of the fiscal year, aiming to achieve the full-year target of +¥21bn Corporate domain (Large corporates) Aver
Slide 6: 5. Optimizing operating costs
5. Optimizing operating costs Flexible cost control based on workload proved effective in both the transportation and last-mile domains in Q1. Controlled operating costs through measures such as reducing the number of vehicles for short-distance urban transportation. Streamlining “Short-Distance Urba
Slide 7: 6. Growth of the business for corporates
6. Growth of the business for corporates By rolling out our integrated business solution hubs nationwide, and by enhancing our forwarding capabilities, we will expand B2B logistics and build a project pipeline that serves as the foundation for our mid-to-long term growth Operating results for FY2027
Slide 8: 7. FY2027/3 earnings forecast (Key indicators)
7. FY2027/3 earnings forecast (Key indicators) FY2027/3 FY2027/3 FY2026/3 Forecast Change* YoY Change (Billions of Yen) Previous New forecast Actual forecast* (Not changed) Amount [%] Amount [%] Operating revenue 1,865.6 1,918.0 1,918.0 － － ＋52.3 ＋2.8 Operating profit 28.3 42.0 42.0 － － ＋13.6 ＋48.4 P
Slide 9: Supplementary Materials
Supplementary Materials ＜1st Quarter of the Fiscal year ending March 2027＞ 8
Slide 10: Supplement 1. Operating results
Supplement 1. Operating results Main factors of change (loss) / YoY FY2026/3 FY2027/3 YoY Change (Billions of Yen) Q1 Actual Q1 Actual Amount （%） １ Non-operating P/L Operating revenue 437.3 443.3 ＋5.9 ＋1.4 Share of profit of entities accounted for using equity method Operating profit (6.4) (4.8) ＋1.6
Slide 11: Supplement 2. Consolidated Cash Flow
Supplement 2. Consolidated Cash Flow FY2026/3 FY2027/3 (Billions of yen) (Billions of Yen) Q1 Actual Q1 Actual Amount Cash flows from operating activities 18.4 9.1 (9.2) ＋9.1 (8.1) Cash flows from (14.2) (8.1) +6.1 237.8 investing activities (8.1) 231.1 Free cash flows* 4.2 1.0 (3.1) Cash flows from fina
Slide 12: Supplement 3. Consolidated balance sheet
Supplement 3. Consolidated balance sheet (Billions of Yen) As of March 31, 2026 As of June 30, 2026 YoY Change Total assets 1,280.1 1,290.9 +10.7 Current assets 556.1 552.7 (3.3) Cash and deposits 238.8 231.9 (6.8) Notes and accounts receivable 223.9 223.4 (0.5) ‒ trade, and contract assets Non-curr
Slide 13: Supplement 4. Operating results by segment
Supplement 4. Operating results by segment FY2027/3 Q1 Express Contract Logistics Mobility (Billions of Yen) Global Business Other Total Reconciliation Consolidated Business Business Business Operating Revenues 374.8 45.7 27.1 17.1 15.7 480.5 (37.2) 443.3 Unaffiliated Customers 364.6 41.1 26.3 5.5 5.6
Slide 14: Supplement 5. Trends of parcel delivery
Supplement 5. Trends of parcel delivery Delivery volume Unit price FY2026/3 FY2027/3 FY2026/3 FY2027/3 (Thousands of Units) YoY[%] (Yen) YoY[%] Q1 Actual Q1 Actual Q1 Actual Q1 Actual TA-Q-BIN/TA-Q-BIN Compact/EAZY 463,175 449,419 (3.0) TA-Q-BIN/TA-Q-BIN Compact/EAZY 709 727 ＋2.5 TA-Q-BIN domain 208
Slide 15: Supplement 6. Summary of operating expenses
Supplement 6. Summary of operating expenses FY2026/3 FY2027/3 (Billions of Yen) Q1 Actual Q1 Actual YoY Change Amount [%] Operating revenue 437.3 443.3 ＋5.9 ＋1.4 Operating expenses 443.8 448.2 ＋4.3 ＋1.0 Subcontracting expenses 184.2 184.3 ＋0.0 ＋0.0 Commission expenses 91.6 91.6 (0.0) (0.1) Delivery
Slide 16: Supplement 7. Employee breakdown
Supplement 7. Employee breakdown FY2026/3 FY2027/3 Q1 Actual Q1 Actual Change (Number) Full-time Part-time Total Full-time Part-time Total Full-time Part-time Total [%] Total Employees 88,369 84,988 173,357 87,347 85,807 173,154 (1,022) ＋819 (203) (0.1) Express Business 77,445 78,799 156,244 76,701
Slide 17: Supplement 8. Operating Results Forecast
Supplement 8. Operating Results Forecast FY2027/3 FY2026/3 FY2027/3 Forecast Change* YoY Change (Billions of Yen) Previous Actual New forecast forecast* Amount [%] Amount [%] Operating revenue 1,865.6 1,918.0 1,918.0 － － ＋52.3 ＋2.8 Operating profit 28.3 42.0 42.0 － － ＋13.6 ＋48.4 Profit margin [%] 1.5
Slide 18: Supplement 9. Operating Results Forecast (by segment)
Supplement 9. Operating Results Forecast（by segment） FY2026/3 FY2027/3 (Billions of Yen) YoY Change Actual [%] Forecast [%] Amount [%] Operating revenues 1,557.9 83.5 1,593.8 83.1 ＋35.8 ＋2.3 Express Business Operating profit 2.2 8.1 12.1 28.1 ＋9.8 ＋426.3 Contract Logistics Operating revenues 164.6 8.
Slide 19: Supplement 10. Operating Results Forecast (Breakdown of Operating Expenses)
Supplement 10. Operating Results Forecast (Breakdown of Operating Expenses) FY2026/3 FY2027/3 FY2027/3 (Billions of Yen) Forecast Change* YoY Change Actual Previous forecast* New forecast Amount [%] Amount [%] Operating revenue 1,865.6 1,920.0 1,918.0 (2.0) (0.1) ＋52.3 ＋2.8 Operating expenses 1,837.
Slide 20: Supplement 11. Operating Results Forecast (Employee breakdown)
Supplement 11. Operating Results Forecast（Employee breakdown） FY2027/3 Forecast FY2026/3 Actual (Not changed) YoY Change (Number) Full-time Part-time Total Full-time Part-time Total Full-time Part-time Total [%] Total Employees 87,347 87,349 174,696 84,700 84,300 169,000 (2,647) (3,049) (5,696) (3.3
Slide 21: Supplement 12. Share transfer of YAMATO CREDIT & FINANCE
Supplement 12. Share transfer of YAMATO CREDIT & FINANCE (Disclosed on May 14, 2026) Transfer shares of the financial subsidiary to an optimal partner as part of the “comprehensive review with no sacred cows.” Off-balance approx. ¥40 bn (incl. interest-bearing debt) to improve capital efficiency (ROIC).
Slide 22: 13. Establishment of the Corporate Value Enhancement Committee
Supplement 13. Establishment of the "Corporate Value Enhancement Committee" (Disclosed on July 16,2026) To conduct effective strategic discussions to achieve “sustainable growth” and “the maximization of medium- to long-term corporate value” Main Discussion Themes Composition of the Committee The Com
Slide 23: 免責事項
免責事項 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 万全を期しておりますが、完全性、正確性を保証するものではありません。いかなる情報も、不的確な記載や誤植等を含む可能性があります。 銘柄の選択、投資の最終決定は、ご⾃⾝の判断でなさるようにお願いいたします。当社としては⼀切の責任を負いかねますのでご承知ください。 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.