Yamato Holdings (9064) investor relations material

Executive summary

• Operating revenue increased by 1.4% year-over-year to ¥443.3bn, driven by TA-Q-BIN volume growth and pricing optimization for corporate clients.

• Operating loss improved by ¥1.6bn year-over-year to ¥4.87bn, reflecting cost optimization and efficiency initiatives.

• Profit attributable to owners of parent was a loss of ¥5.89bn, slightly worse than the prior year, impacted by extraordinary and impairment losses.

• The company advanced its medium-term plan, focusing on sustainability, digital transformation, and strengthening its logistics network.

Financial highlights

• Operating revenue: ¥443.3bn (+1.4% YoY); Operating loss: ¥4.87bn (improved by ¥1.62bn YoY); Ordinary loss: ¥4.94bn (improved by ¥1.72bn YoY).

• Profit attributable to owners of parent: ¥(5.89)bn, down ¥0.47bn YoY due to extraordinary and impairment losses.

• Cash and cash equivalents at end of period: ¥231.1bn.

• Free cash flow positive at ¥1.0bn for Q1.

• Equity ratio at 43.5%, D/E ratio at 0.37.

Outlook and guidance

• Full-year forecast maintained: operating revenue ¥1,918.0bn, operating profit ¥42.0bn, profit margin 2.2%, profit attributable to owners of parent ¥16.0bn, EPS 50.52 yen.

• ROE projected at 2.8%, ROIC at 3.8%.

• Parcel volume forecast slightly reduced for the Corporate domain, but unit price expected to rise.

• No revisions to previously announced forecasts.