Balance Sheet Yamato Holdings Co Ltd

Equities

9064

JP3940000007

Air Freight & Logistics

Market Closed - Japan Exchange Other stock markets 01:30:00 2025-01-17 am EST			5-day change	1st Jan Change
1,781.50 ^JPY	+0.88%		+1.42%	+0.48%

Jan. 06	Yamato Buys Back Shares	MT
Jan. 05	Tranche Update on Yamato Holdings Co., Ltd.'s Equity Buyback Plan announced on November 5, 2024.	CI

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Published financial data: YAMATO HOLDINGS CO LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	1,630B	1,696B	1,794B	1,801B	1,759B
Total Revenues	1,630B	1,696B	1,794B	1,801B	1,759B
Cost of Goods Sold, Total	1,526B	1,539B	1,654B	1,687B	1,664B
Gross Profit	104B	157B	140B	113B	94.31B
Selling General & Admin Expenses, Total	47B	51.17B	48.86B	40.77B	41.1B
Provision for Bad Debts	1.15B	715M	815M	677M	891M
Depreciation & Amortization - (IS)	1.68B	3.02B	2.53B	2.49B	2.15B
Other Operating Expenses	9.51B	10.32B	10.13B	9.4B	10.11B
Other Operating Expenses, Total	59.34B	65.22B	62.33B	53.34B	54.25B
Operating Income	44.7B	92.12B	77.2B	60.09B	40.06B
Interest Expense, Total	-422M	-741M	-785M	-904M	-1.4B
Interest And Investment Income	1.09B	1.15B	6.07B	1.91B	1.77B
Net Interest Expenses	672M	413M	5.29B	1.01B	366M
Income (Loss) On Equity Invest.	-4.17B	-766M	-242M	-4.16B	-837M
Currency Exchange Gains (Loss)	-648M	-	-	-	-
Other Non Operating Income (Expenses)	-125M	2.01B	1.73B	830M	630M
EBT, Excl. Unusual Items	40.43B	93.78B	83.97B	57.77B	40.22B
Gain (Loss) On Sale Of Investments	-1.05B	-334M	13.37B	1.96B	3.77B
Gain (Loss) On Sale Of Assets	8.14B	950M	358M	393M	12.48B
Asset Writedown	-1.41B	-1.28B	-2.78B	-2.49B	-1.82B
Legal Settlements	-	-	-	-	-
Other Unusual Items	-1.54B	-1.35B	-13.88B	-817M	-2.94B
EBT, Incl. Unusual Items	44.58B	91.76B	81.04B	56.82B	51.7B
Income Tax Expense	21.68B	34.82B	23.97B	11.39B	13.86B
Earnings From Continuing Operations	22.9B	56.93B	57.07B	45.42B	37.84B
Net Income to Company	22.9B	56.93B	57.07B	45.42B	37.84B
Minority Interest	-578M	-233M	-1.12B	476M	-213M
Net Income - (IS)	22.32B	56.7B	55.96B	45.9B	37.63B
Net Income to Common Incl Extra Items	22.32B	56.7B	55.96B	45.9B	37.63B
Net Income to Common Excl. Extra Items	22.32B	56.7B	55.96B	45.9B	37.63B
Per Share Items
Net EPS - Basic	56.78	151.54	151.03	126.63	107.23
Basic EPS - Continuing Operations	56.78	151.54	151.03	126.63	107.23
Basic Weighted Average Shares Outstanding	393M	374M	370M	362M	351M
Net EPS - Diluted	56.78	151.54	151.03	126.63	107.23
Diluted EPS - Continuing Operations	56.78	151.54	151.03	126.63	107.23
Diluted Weighted Average Shares Outstanding	393M	374M	370M	362M	351M
Normalized Basic EPS	62.8	156.03	138.65	100.93	71.03
Normalized Diluted EPS	62.8	156.03	138.65	100.93	71.03
Dividend Per Share	31	46	46	46	46
Payout Ratio	51.2	28.13	35.15	36.54	43.67
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	99.81B	141B	113B	102B	84.49B
EBITA	44.7B	92.12B	77.2B	60.09B	40.06B
EBIT	44.7B	92.12B	77.2B	60.09B	40.06B
Effective Tax Rate - (Ratio)	48.63	37.95	29.58	20.05	26.81
Normalized Net Income	24.69B	58.38B	51.37B	36.58B	24.92B
Non-Cash Pension Expense	1.22B	3.22B	12.33B	122M	-1.24B
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	1.42B	4.63B	3.43B	1.78B	3.34B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	197B	242B	183B	185B	195B
Total Cash And Short Term Investments	197B	242B	183B	185B	195B
Accounts Receivable, Total	313B	257B	266B	265B	263B
Total Receivables	313B	257B	266B	265B	263B
Inventory	4.21B	2.28B	2.21B	2.58B	2.03B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	28.93B	27.51B	30.46B	31.41B	35.98B
Total Current Assets	543B	528B	481B	485B	496B
Net Property Plant And Equipment	424B	406B	430B	443B	455B
Long-term Investments	61.72B	73.4B	70.12B	66.61B	75.19B
Other Intangibles, Total	20.96B	29.56B	45.65B	43.76B	41.22B
Loans Receivable Long-Term	5.72B	6.72B	6.16B	5.26B	5.11B
Deferred Tax Assets Long-Term	45.61B	45.62B	54.2B	64.29B	63.28B
Other Long-Term Assets, Total	1M	1M	2M	1M	3M
Total Assets	1,101B	1,090B	1,087B	1,108B	1,136B
Liabilities
Accounts Payable, Total	147B	154B	165B	161B	164B
Accrued Expenses, Total	35.87B	40.17B	38.94B	36.92B	32.28B
Short-term Borrowings	75.5B	34B	15B	10B	10.18B
Current Portion of Long-Term Debt	10B	-	-	-	-
Current Portion of Leases	3.58B	5.05B	4.85B	5.42B	5.87B
Current Income Taxes Payable	20.38B	32.1B	14.4B	16.91B	8.37B
Unearned Revenue Current, Total	5.03B	4.78B	4.71B	4.8B	5.16B
Other Current Liabilities	111B	119B	110B	110B	120B
Total Current Liabilities	409B	389B	353B	345B	346B
Long-Term Debt	14B	-	-	-	40.82B
Long-Term Leases	21.76B	26.1B	26.04B	32.86B	35.66B
Pension & Other Post Retirement Benefits	79.23B	71.83B	94.14B	98.3B	103B
Deferred Tax Liability Non Current	2.06B	5.19B	1.91B	482M	535M
Other Non Current Liabilities	12.04B	13.21B	13.72B	14.76B	17.92B
Total Liabilities	538B	506B	489B	491B	544B
Common Stock, Total	127B	127B	127B	127B	127B
Additional Paid In Capital	36.81B	36.81B	36.81B	36.84B	36.84B
Retained Earnings	442B	432B	464B	474B	448B
Treasury Stock	-54.77B	-39.55B	-49.55B	-39.84B	-42.85B
Comprehensive Income and Other	4.15B	20.3B	11.55B	12.25B	16.42B
Total Common Equity	555B	576B	591B	610B	586B
Minority Interest	7.66B	7.92B	7.69B	6.05B	6.22B
Total Equity	563B	584B	598B	616B	592B
Total Liabilities And Equity	1,101B	1,090B	1,087B	1,108B	1,136B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	383M	371M	366M	361M	343M
ECS Total Common Shares Outstanding	385M	371M	-	362M	343M
Book Value / Share	1.44K	1.55K	1.61K	1.68K	1.71K
Tangible Book Value	534B	547B	545B	567B	545B
Tangible Book Value Per Share	1.39K	1.47K	1.49K	1.56K	1.59K
Total Debt	125B	65.15B	45.89B	48.27B	92.53B
Net Debt	-72.39B	-176B	-137B	-137B	-103B
Debt Equivalent of Unfunded Proj. Benefit Obligation	79.11B	71.68B	94.13B	98.28B	103B
Minority Interest, Total (Incl. Fin. Div)	7.66B	7.92B	7.69B	6.05B	6.22B
Inventories - Raw Materials, Total	3.5B	1.77B	1.86B	2.09B	1.72B
Inventories - Work In Process, Total	165M	117M	167M	322M	212M
Inventories - Finished Goods, Total	552M	392M	186M	168M	97M
Full Time Employees	225K	223K	217K	210K	177K
Part Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.44B	1.34B	1.46B	1.47B	1.6B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	44.58B	91.76B	81.04B	56.82B	51.7B
Depreciation & Amortization - CF	55.1B	48.9B	35.57B	41.63B	44.43B
Depreciation & Amortization, Total	55.1B	48.9B	35.57B	41.63B	44.43B
(Gain) Loss From Sale Of Asset	-6.54B	622M	2.78B	2.4B	-10.42B
(Gain) Loss on Sale of Investments - (CF)	1.05B	334M	-12.16B	-1.96B	-3.77B
(Income) Loss On Equity Investments - (CF)	4.17B	766M	242M	4.16B	837M
Other Operating Activities, Total	-30.04B	-25.25B	-46.51B	-21.12B	-21.21B
Change In Accounts Receivable	4.48B	-24.97B	-13.43B	1.23B	1.29B
Change In Inventories	-702M	1.52B	144M	-356M	542M
Change In Accounts Payable	-11.77B	10.03B	11.54B	-5.26B	1B
Change in Other Net Operating Assets	14.1B	20.22B	-7.2B	12.42B	-81M
Cash from Operations	74.43B	124B	52.02B	89.95B	64.33B
Capital Expenditure	-54.85B	-32.07B	-40.78B	-35.44B	-31.96B
Sale of Property, Plant, and Equipment	13.16B	2.08B	348M	1.39B	17.55B
Divestitures	-	-484M	-7.31B	-	1.26B
Investment in Marketable and Equity Securities, Total	2.1B	-361M	11.41B	3.2B	2.7B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-1.6B	93.04B	982M	739M	349M
Other Investing Activities, Total	-8.75B	-18.12B	-23.59B	-19.31B	-12.35B
Cash from Investing	-49.94B	44.08B	-58.94B	-49.42B	-22.44B
Short Term Debt Issued, Total	50B	-	-	-	600M
Long-Term Debt Issued, Total	-	-	-	-	40.88B
Total Debt Issued	50B	-	-	-	41.48B
Short Term Debt Repaid, Total	-	-50B	-5B	-5B	-
Long-Term Debt Repaid, Total	-40.8B	-15.5B	-14B	-	-
Total Debt Repaid	-40.8B	-65.5B	-19B	-5B	-
Repurchase of Common Stock	-15.69B	-35.71B	-10.06B	-10.02B	-50.03B
Common & Preferred Stock Dividends Paid	-11.43B	-15.95B	-19.67B	-16.77B	-16.43B
Common & Preferred Stock Dividends Paid	-11.43B	-15.95B	-19.67B	-16.77B	-16.43B
Other Financing Activities, Total	-4.45B	-6.09B	-5.73B	-6.82B	-5.8B
Cash from Financing	-22.37B	-123B	-54.46B	-38.62B	-30.78B
Foreign Exchange Rate Adjustments	-109M	-129M	701M	705M	356M
Miscellaneous Cash Flow Adjustments	-1M	-1M	1M	-	-1M
Net Change in Cash	2.01B	44.62B	-60.68B	2.62B	11.48B
Supplemental Items
Cash Interest Paid	443M	741M	778M	900M	1.37B
Cash Income Tax Paid (Refund)	30.03B	25.39B	46.74B	21.16B	21.32B
Levered Free Cash Flow	9.47B	163B	13.85B	38.49B	35.13B
Unlevered Free Cash Flow	9.74B	164B	14.34B	39.06B	36.01B
Change In Net Working Capital	18.45B	-89.38B	28.7B	4.69B	1.5B
Net Debt Issued / Repaid	9.2B	-65.5B	-19B	-5B	41.48B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.51	5.26	4.43	3.42	2.23
Return on Total Capital	4.07	8.61	7.46	5.74	3.71
Return On Equity %	4.03	9.93	9.65	7.48	6.26
Return on Common Equity	3.98	10.02	9.59	7.64	6.29
Margin Analysis
Gross Profit Margin %	6.38	9.28	7.78	6.3	5.36
SG&A Margin	2.88	3.02	2.72	2.26	2.34
EBITDA Margin %	6.12	8.32	6.29	5.65	4.8
EBITA Margin %	2.74	5.43	4.3	3.34	2.28
EBIT Margin %	2.74	5.43	4.3	3.34	2.28
Income From Continuing Operations Margin %	1.4	3.36	3.18	2.52	2.15
Net Income Margin %	1.37	3.34	3.12	2.55	2.14
Net Avail. For Common Margin %	1.37	3.34	3.12	2.55	2.14
Normalized Net Income Margin	1.51	3.44	2.86	2.03	1.42
Levered Free Cash Flow Margin	0.58	9.63	0.77	2.14	2
Unlevered Free Cash Flow Margin	0.6	9.66	0.8	2.17	2.05
Asset Turnover
Asset Turnover	1.47	1.55	1.65	1.64	1.57
Fixed Assets Turnover	3.82	4.09	4.29	4.13	3.92
Receivables Turnover (Average Receivables)	5.17	5.95	6.86	6.78	6.65
Inventory Turnover (Average Inventory)	409.14	473.9	736.29	704.04	721.89
Short Term Liquidity
Current Ratio	1.33	1.36	1.36	1.41	1.43
Quick Ratio	1.25	1.28	1.27	1.31	1.33
Operating Cash Flow to Current Liabilities	0.18	0.32	0.15	0.26	0.19
Days Sales Outstanding (Average Receivables)	70.78	61.3	53.17	53.8	55
Days Outstanding Inventory (Average Inventory)	0.89	0.77	0.5	0.52	0.51
Average Days Payable Outstanding	36.67	35.74	35.22	35.27	35.73
Cash Conversion Cycle (Average Days)	35.01	26.32	18.45	19.05	19.78
Long Term Solvency
Total Debt/Equity	22.18	11.15	7.67	7.83	15.63
Total Debt / Total Capital	18.15	10.03	7.12	7.26	13.52
LT Debt/Equity	6.35	4.47	4.35	5.33	12.92
Long-Term Debt / Total Capital	5.2	4.02	4.04	4.94	11.17
Total Liabilities / Total Assets	48.87	46.4	44.96	44.34	47.88
EBIT / Interest Expense	105.93	124.32	98.34	66.47	28.53
EBITDA / Interest Expense	236.51	190.31	143.66	112.51	60.18
(EBITDA - Capex) / Interest Expense	106.53	147.03	91.71	73.32	37.42
Total Debt / EBITDA	1.25	0.46	0.41	0.47	1.1
Net Debt / EBITDA	-0.73	-1.25	-1.21	-1.35	-1.21
Total Debt / (EBITDA - Capex)	2.78	0.6	0.64	0.73	1.76
Net Debt / (EBITDA - Capex)	-1.61	-1.62	-1.9	-2.07	-1.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.3	4.03	5.76	0.39	-2.33
Gross Profit, 1 Yr. Growth %	-6.54	51.23	-11.32	-18.71	-16.85
EBITDA, 1 Yr. Growth %	-9.02	41.29	-20.03	-9.81	-16.93
EBITA, 1 Yr. Growth %	-23.38	106.08	-16.2	-22.17	-33.33
EBIT, 1 Yr. Growth %	-23.38	106.08	-16.2	-22.17	-33.33
Earnings From Cont. Operations, 1 Yr. Growth %	-11.74	148.59	0.24	-20.41	-16.69
Net Income, 1 Yr. Growth %	-13.08	153.99	-1.31	-17.97	-18.02
Normalized Net Income, 1 Yr. Growth %	-26.24	136.42	-12.01	-28.79	-31.87
Diluted EPS Before Extra, 1 Yr. Growth %	-12.83	166.9	-0.34	-16.15	-15.32
Accounts Receivable, 1 Yr. Growth %	-1.73	-17.74	3.29	-0.09	-0.76
Inventory, 1 Yr. Growth %	29.82	-45.92	-2.85	16.49	-21.21
Net Property, Plant and Equip., 1 Yr. Growth %	-1.19	-4.13	5.8	3.06	2.65
Total Assets, 1 Yr. Growth %	-2.04	-0.98	-0.29	1.91	2.56
Tangible Book Value, 1 Yr. Growth %	-2.02	2.36	-0.35	3.99	-3.9
Common Equity, 1 Yr. Growth %	-1.89	3.82	2.46	3.36	-4.03
Cash From Operations, 1 Yr. Growth %	-36.97	66.49	-58.02