Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q3 FY2018 Earnings Presentation
17 slides from Yamato's earnings presentation, Jan 31, 2018
Slide 1: Consolidated Financial Summary for the Third Quarter of FY Ending March 31, 2018
(Ge YAMATO GROUP CONSOLIDATED FINANCIAL SUMMARY for the Third Quarter of the Fiscal Year Ending March 31, 2018 io ® YAMATO HOLDINGS CO., LTD. January 31, 2018
Slide 2: Highlight (9 months)
[Highlight (9 months)] 3Q (Oct. to Dec.) : Revenue and profit increased 9 months : Revenue increased but profit decreased (1) Operating revenue 3Q (Oct. to Dec.) : ¥441.9 billion YoY ↑ ¥30.5 billion 9 months : ¥1,171.7 billion YoY ↑ ¥53.6 billion (2) Operating profit 3Q (Oct. to Dec.) : ¥45.0 billio
Slide 3: Consolidated financial results (9 months)
[Consolidated financial results (9 months)] (1) Nothing noteworthy has emerged in terms of non-operating income, non- operating loss, extraordinary income and extraordinary loss. (2) Profit attributable to owners of parent in 9 months was ¥17.4 billion. 3
Slide 4: YoY analysis of consolidated operating revenues (9 months)
[YoY analysis of consolidated operating revenues (9 months)] (1) Delivery Business (Revenue increase) Positive: Delivery volume of TA-Q-BIN ↑0.5% Unit price of TA-Q-BIN ↑3.6% Negative: Delivery volume of Kuroneko DM-BIN ↓ 3.1% (2) BIZ-Logistics Business (Revenue increase) Positive: Favorable results
Slide 5: Quarterly YoY trends of TA-Q-BIN delivery (3Q)
[Quarterly YoY trends of TA-Q-BIN delivery (3Q (Oct. to Dec.))] TA-Q-BIN delivery volume: YoY ↓ 4.5% Unit price: YoY ↑ 11.6% ・ Issued requests to our large-lot corporate clients which include asking that they adjust their shipping schedules and cut down on re-deliveries ・ Progress being made in nego
Slide 6: Quarterly YoY trends of Kuroneko DM-Bin (3Q)
[Quarterly YoY trends of Kuroneko DM-Bin (3Q (Oct. to Dec.))] Kuroneko DM-Bin delivery volume: YoY ↓ 7.0% Unit price: YoY ↑ 3.6% ・ We continue to face a sluggish market. ・ We are reviewing details of some business transactions and promoting adequate pricing. 6
Slide 7: YoY trends of TA-Q-BIN Business overseas (9 months)
[YoY trends of TA-Q-BIN Business overseas (9 months)] ○ Delivery volume decreased due to our review of unprofitable transactions and intense competitive environment. 7
Slide 8: YoY analysis of consolidated operating expenses (3Q)
[YoY analysis of consolidated operating expenses (3Q (Oct. to Dec.))] (1) Operating revenue increased by 7.4% YoY while operating expenses increased by 6.0% YoY. (2) “Reforming working styles” has moved along as projected. → There have been ongoing increases in costs associated with systematic impro
Slide 9: YoY analysis of consolidated operating expenses (9 months)
[YoY analysis of consolidated operating expenses (9 months)] (1) Operating revenue increased by 4.8% YoY while operating expenses increased by 7.5% YoY. (2) “Reforming working styles” has moved along as projected. → Expenses of ¥9.0 billion slated for the full year (3) Rise in labor costs such as th
Slide 10: Forecast of operating results (full-year)
[Forecast of operating results (full-year)] (1) The forecasts reflect trend of recovering earnings amid increasing expenses incurred largely from promoting “reforming working styles” initiatives. (2) Delivery volume of TA-Q-BIN changed from increase to decrease due to negotiation for review of our r
Slide 11: Summary of consolidated operating expenses (3Q)
[Summary of consolidated operating expenses (3Q (Oct. to Dec.))] (1) In 3Q, expenses in the Delivery Business continued to increase despite a downturn in TA-Q-BIN delivery volume (↓4.5%), partially due to a tightening labor market and efforts to promote “reforming working styles” initiatives (person
Slide 12: Summary of Operating Expenses in Delivery Business (3Q)
11. Summary of Operating Expenses in Delivery Business (3Q (Oct. to Dec.)) 355,043 332,420 22,623 318,003 303,189 14814 49 176,731 170,466 6,264 37 120,338 115,426 4911 43 56,393 55,040 1,353 25 103,312 99,113 4,198 42 44,847 40,230 4,617 115 49,531 49,179 352 0.7 8,934 9,704 (770) (7.9) 10,345 9,78
Slide 13: Summary of consolidated operating expenses (9 months)
[Summary of consolidated operating expenses (9 months)] (1) In the nine months ended December 31, 2017, expenses in the Delivery Business increased despite a slowing upward trend in TA-Q-BIN delivery volume (↑ 0.5%), partially due to a tightening labor market and efforts to promote “reforming workin
Slide 14: Summary of Operating Expenses in Delivery Business (9 Months)
13. Summary of Operating Expenses in Delivery Business (9 Months) 921,792 887,270 34,522 912,096} 851,033 61,063 72 519,579 489,222) 30,357 6.2 351,351 334,210 17,140 5.1 168,228 155,011 13,216 85 288,132 267,014 21,117 79 121821 102,957 18,863 18.3 140,298 136,687 3,610 26 26,012, 27,369} (1,356) (
Slide 15: Operating results forecast (full-year: breakdown by business segment)
[Operating results forecast (full-year: breakdown by business segment)] <Major changes from the previous forecast> (1) Delivery Business TA-Q-BIN ・ Volume: In comparison with the previous forecast (1,826,000 thousand), volume was 20,000 thousand higher. (YoY ↓ 21,560 thousand ↓ 1.2% ☞ Previous forec
Slide 16: Full-year operating results forecast (breakdown of operating expenses)
[(Full-year) Operating results forecast (breakdown of operating expenses)] <Major changes from the previous forecast> Personnel expenses ・ Forecast revised to reflect prevailing circumstances Subcontracting expense ・ Commission expenses: Forecast revised in part to reflect circumstances in 3Q, and a
Slide 17: Disclaimer and availability of presentation materials
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