Yamato Holdings Co., Ltd. · TSE:9064
Yamato — Q2 FY2024/3 Earnings Presentation
28 slides from Yamato's earnings presentation, Nov 1, 2023
Slide 1: Yamato Group IR Presentation Material
Yamato Group IR Presentation Material ＜2nd Quarter of the Fiscal year ending March 2024＞ November 1, 2023 Yamato Holdings Co., Ltd. Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 2: Summary of consolidated earnings (1st Half of FY 2024/3)
1．Summary of consolidated earnings (1st Half of FY 2024/3) 【Operating revenues】 866.5bn yen ((17.1)bn yen YoY, (6.4)bn yen VS forecast) 【Operating profit】 12.3bn yen ((5.6)bn yen YoY, (600)mm yen VS forecast) 【Profit attributable to 5.3bn yen ((4.9)bn yen YoY, +900mm yen VS forecast) owners of paren
Slide 3: Background and Objective of Business Structure Reforms
2．Background and Objective of Business Structure Reforms Realizing sustainable corporate value enhancement through “Helping to enrich our society” Changes in the business environment Creating new innovations Diversification of customer Providing various ways of receiving “expectations” and “need
Slide 4: Reinforcement of existing network (Base domain) ①
3．Reinforcement of existing network (Base domain) ① • While ensuring and enhancing safety, quality as well as the work environment and motivation of our employees and partners, promote the reinforcement of our existing network, in order to flexibly address changes in customer needs → Progress being
Slide 5: Reinforcement of existing network (Base domain) ②
4．Reinforcement of existing network (Base domain) ② • Start the introduction of system* to support operations in accordance with capacity, and resource allocation based on the workload, in the second half of the year and onwards → In conjunction with thoroughly defining the roles of Sales Drivers (S
Slide 6: Expansion of corporate business domain (Connection with Environmental Strategy)
5．Expansion of corporate business domain (Connection with Environmental Strategy) • Based on risks and opportunities arising from climate change, promote measures to reduce GHG emissions, and expand the corporate business domain by helping to establish supply chains with low environmental burden → P
Slide 7: Consolidated earnings forecast (key metrics)
6．Consolidated earnings forecast (key metrics) Fiscal Year ended Fiscal Year ending （Billions of Yen） March 31, 2023 March 31, 2024 Forecast Change YoY Change Actual Forecast Amount [%] Amount [%] Operating revenue 1,800.6 1,785.0 (35.0) (1.9) (15.6) (0.9) Operating expenses 1,740.5 1,720.0 (20.0) (
Slide 8: Overview of Consolidated Results for the 2nd Quarter of the Fiscal Year Ending March 2024
Overview of Consolidated Results for the 2nd Quarter of the Fiscal Year Ending March 2024 Copyright© YAMATO HOLDINGS CO., LTD. All rights reserved.
Slide 9: Operating Results for the 1st Half of FY 2024/3
7．Operating Results for the 1st Half of FY 2024/3 Fiscal Year ended Fiscal Year ending YoY Change (Billions of Yen) March 31, 2023 March 31, 2024 1st Half Actual 1st Half Actual Amount [%] Operating revenue 883.7 866.5 (17.1) (1.9) Operating profit 18.0 12.3 (5.6) (31.5) Profit margin [%] 2.0 1.4 (0
Slide 10: Summary of Operating Revenue for the 1st Half of FY 2024/3
8． Summary of Operating Revenue for the 1st Half of FY 2024/3 Fiscal Year ended Fiscal Year ending (Billions of Yen) March 31, 2023 March 31, 2024 YoY Change 1st Half Actual 1st Half Actual Amount [%] Retail Business Unit 437.6 430.7 (6.8) (1.6) Transportation income 567.6 581.5 ＋13.8 ＋2.4 Logistica
Slide 11: YoY Analysis of Operating Revenue (1st Half of FY 2024/3)
9． YoY Analysis of Operating Revenue (1st Half of FY 2024/3) Retail Business Unit Corporate Business Unit Other Transportation income Transportation income ＋5.7 Transportation income +13.8 Logistical support income (18.4) (0.5) Logistical support income Logistics (4.4) Eliminations/Others + 0.4 Inte
Slide 12: Quarterly Trends of Parcel Delivery
10．Quarterly Trends of Parcel Delivery (TA-Q-BIN, TA-Q-BIN Compact, EAZY) FY2022/3 FY2023/3 FY2024/3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Delivery Volume (Thousands) 444,328 470,100 540,567 435,687 449,504 490,766 552,115 433,950 442,365 469,592 YoY(%) +3.8 +5.8 +3.6 +6.3 +1.2 +4.4 +2.1 (0.4) (1.6) (4.3) U
Slide 13: Summary of Operating Expenses (1st Half of FY 2024/3)
11．Summary of Operating Expenses (1st Half of FY 2024/3) Fiscal Year ended Fiscal Year ending YoY Change (Billions of Yen) March 31, 2023 March 31, 2024 1st Half Actual 1st Half Actual Amount [%] Operating revenue 883.7 866.5 (17.1) (1.9) Subcontracting expenses 324.9 319.9 (5.0) (1.5) Commission ex
Slide 14: YoY Analysis of Operating Expenses (1st Half of FY 2024/3)
12．YoY Analysis of Operating Expenses (1st Half of FY 2024/3) (Billions of yen) 18.0 Personnel Expenses (8.2) 12.3 Subcontracting Vehicle Expenses Expenses Other Eliminations operating (5.0) ＋0.7 expenses +0.1 +0.8 Operating FY 2023/3 Revenue Operating Operating FY 2024/3 1st Half expenses profit 1s
Slide 15: Summary of Operating Expenses (2nd Quarter: July – Sep.)
13．Summary of Operating Expenses (2nd Quarter: July – Sep.) Fiscal Year ended Fiscal Year ending March 31, 2023 March 31, 2024 YoY Change (Billions of Yen) 2nd Quarter 2nd Quarter Actual Actual Amount [%] Operating revenue 459.5 446.3 (13.2) (2.9) Subcontracting expenses 167.9 161.5 (6.4) (3.8) Comm
Slide 16: YoY Analysis of Operating Expenses (2nd Quarter: July – Sep.)
14．YoY Analysis of Operating Expenses (2nd Quarter: July – Sep.) (Billions of yen) Personnel 15.6 Expenses (5.6) Subcontracting Expenses Vehicle Other 10.7 (6.4) Expenses operating ＋0.4 expenses Eliminations +1.1 +2.1 Operating FY 2023/3 Revenue FY 2024/3 Operating Operating 2nd Quarter (13.2) 2nd Q
Slide 17: Operating Expenses (Quarterly / YoY change)
15．Operating Expenses (Quarterly / YoY change) FY 2023/3 FY 2024/3 1st 2nd 3rd 4th 1st 2nd (Billions of Yen) Quarter YoY Change Quarter YoY Change Quarter YoY Change Quarter YoY Change Quarter YoY Change Quarter YoY Change Actual Actual Actual Actual Actual Actual Amount* [%]* Amount* [%]* Amount* [
Slide 18: Operating Results Forecast for the Fiscal Year Ending March 2024
16． Operating Results Forecast for the Fiscal Year Ending March 2024 Fiscal Year ending Fiscal Year ended Fiscal Year ending March 31, 2024 (Billions of Yen) March 31, 2023 March 31, 2024 Forecast Change YoY Change August 2023 Actual New Forecast Forecast Amount [%] Amount [%] Operating revenue 1,80
Slide 19: Operating Results Forecast (Breakdown of Operating Expenses and others)
17．Operating Results Forecast for the Fiscal Year Ending March 2024 (Breakdown of Operating Expenses and others) Fiscal Year ended Fiscal Year ending Fiscal Year ending (Billions of Yen) March 31, 2023 March 31, 2024 March 31, 2024 Forecast Change YoY Change Actual August 2023 Forecast New Forecast
Slide 20: Direction of mid-to-long term strategy
Ref.－1 Direction of mid-to-long term strategy 【Our aspiration】 Expand value provision to the “End to End” of supply chains ～Realize sustainable business growth～ Management resources brought together under “One YAMATO Expand corporate business domain ☜ Enhance profitability structure” and growth pote
Slide 21: Mid-to-long term roadmap
Ref.－2 Mid-to-long term roadmap FY March 2020 FY March 2021 FY March 2022 FY March 2023 FY March 2024 FY March 2025 ～ FY March 2027 Expansion of e-commerce (changes in consumption behavior and distribution structure) External environment Pre-COVID COVID-19 With COVID ～ Post-COVID Progression of infl
Slide 22: Structural reform of network operations (overview)
Ref.－3 Structural reform of network operations (overview) • Establish and expand dedicated network (growth domain) and reinforce existing network (base domain) →Strengthen response to diverse range of needs for logistics, while improving quality and efficiency of the overall network Initiative Effec
Slide 23: Structural reform of network operations (Status of cost per parcel)
Structural reform of network operations Ref.－4 (Status of cost per parcel) Transportation domain Cost per parcel in transportation domain (2nd Quarter) (Trunk-route and intra-regional transportation, Terminal operations) ＜Main factors for difference from forecast: (0.1)yen ＞ Difference from foreca
Slide 24: Expansion of corporate business domain: Set up Logistics Centers in India
Ref.－5 Expansion of corporate business domain ~Set up 3 Logistics Centers in India~ • In order to expand value provision on an “End to End” basis of the supply chains of clients that do business globally, set up 3 logistics centers in India, where auto production and sales is growing → Expand scope
Slide 25: Environmental strategy
Ref.－6 Environmental strategy • Promote initiatives to reduce GHG emissions, based on risks and opportunities posed by ACTIVITY OUTPUT／OUTCOME climate change → Moreover, expand the corporate business domain by helping clients build environment-friendly supply chains Full-fledged promotion 【Environme
Slide 26: Promote Initiatives to Reduce GHG Emissions
Ref.－7 Promote Initiatives to Reduce GHG Emissions Introduction of 900 2-ton EV trucks Sep. 2023~/ Step by step nationwide. First for Yamato to use 2-ton EV trucks Environment-friendly vehicle that does not emit GHG, has less vibration and runs quieter Suitable for pickup & deliveries in urban a
Slide 27: Capital expenditure
Ref.－8 Capital expenditure • Accelerate investments to complete the structural reform of our network operations, including the deployment of large-scale integrated facilities, in order to achieve mid-to-long term growth, while also investing in our environmental strategy, better safety and improving
Slide 28: 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