Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Yamato Holdings Co Ltd
  6. News
  7. Summary
    9064   JP3940000007

YAMATO HOLDINGS CO LTD

(9064)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Q&A[PDF:491KB]

11/15/2021 | 06:51am EST

Yamato Holdings Co., Ltd

Main Questions and Answers

Meeting for The Financial Results for the 2nd Quarter of the fiscal year ending March 31, 2022 held on November 15, 2021

Q1 In terms of your 1st half results, please explain why you outperformed your previous forecast for both operating revenues and profit, as well as how you view the comparison with the 1st half of last year.

  • Operating revenues outperformed the previous forecast due to factors such as the increase in parcel volume, driven by us strengthening our coverage of the EC domain in which growth is accelerating, as well as our focus on optimizing logistics for corporate clients.
  • In terms of profit, we made progress in the 2nd quarter in optimizing subcontracting expenses, mainly the delivery commission, thanks to our efforts to deploy EAZY CREW and to optimize the TA-Q-BIN network. As a result, we succeeded in controlling the growth of operating expenses at below the growth in operating revenue, which led to operating profit outperforming our previous forecast.
  • In the 1st half of last year, there was dramatic growth in demand driven by the spread of COVID- 19 infections, and we were still in the early stages of our structural reform, so we mainly used our existing management resources to address the incremental demand. With factors such as productivity improvements thanks to more people being at home, we achieved a high level of profit.
  • In the 1st half of this year, we promoted strategies such as establishing a new "EC logistics Network", while catering to customer demand in areas such as EC, which continued to grow. We are still in the transitional phase of the ongoing structural reforms, and initial expenses are on the rise, but we will continue to work on the strategies outlined in the Medium-term Management Plan in pursuit of sustainable growth.

Q2 In your operating results forecast, please explain why you kept the amount of operating profit unchanged from the previous forecast.

  • We kept the previously forecasted amount, because aside from the rise in vehicle hiring expenses resulting from increased volume of parcel, as well as the rise in fuel prices, we are expecting additional expenses related to structural reform, such as for building the "EC Logistics Network".

Yamato Holdings Co., Ltd

Q3 Please explain why you reduced your capital expenditure for this year by 40 billion yen from the previous forecast.

  • The strategies based on our medium-term management plan "One YAMATO 2023" are progressing according to plan for the most part. There were cases of changes being made when considering the investments, such as expensing some of the investments to our own facilities and equipment as we collaborate with external partners in building the "EC Logistics Network". There were also cases where the timing of investment was pushed back due to external factors.

Disclaimer

Yamato Holdings Co. Ltd. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 11:49:15 UTC.


© Publicnow 2021
All news about YAMATO HOLDINGS CO LTD
01/17Japan's Nikkei rebounds from six-week low as chipmakers, Uniqlo operator rally
RE
2021SYSMEX AND YAMATO TRANSPORT COMMENCE : 668.7kb]
PU
2021YAMATO : Corporate Governance Report
PU
2021Nikkei 225 Slips 0.5% on Profit-Taking After Two Days of Gains
MT
2021Q&A[PDF : 491kb]
PU
2021PRESENTATION[PDF : 1.5mb]
PU
2021SUPPLEMENTARY MATERIALS[PDF : 695kb]
PU
2021CONSOLIDATED FINANCIAL RESULTS FOR T : 135kb]
PU
2021YAMATO HOLDINGS CO., LTD. : Half-year results
CO
2021YAMATO HOLDINGS CO., LTD. : Ex-dividend day for interim dividend
FA
More news
Analyst Recommendations on YAMATO HOLDINGS CO LTD
More recommendations
Financials
Sales 2022 1 783 B 15 477 M 15 477 M
Net income 2022 56 541 M 491 M 491 M
Net cash 2022 149 B 1 294 M 1 294 M
P/E ratio 2022 15,8x
Yield 2022 1,94%
Capitalization 895 B 7 770 M 7 767 M
EV / Sales 2022 0,42x
EV / Sales 2023 0,41x
Nbr of Employees 223 191
Free-Float -
Chart YAMATO HOLDINGS CO LTD
Duration : Period :
Yamato Holdings Co Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends YAMATO HOLDINGS CO LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 2 412,00 JPY
Average target price 3 512,00 JPY
Spread / Average Target 45,6%
EPS Revisions
Managers and Directors
Yutaka Nagao Manager-Yamaguchi Branch
Kenichi Shibasaki Manager-Saitama Regional Branch
Masaki Yamauchi Executive Officer & Head-Personnel Strategy
Toshitaka Hagiwara Independent Outside Director
Masakatsu Mori Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
YAMATO HOLDINGS CO LTD-11.28%7 707
UNITED PARCEL SERVICE INC-9.10%169 335
DEUTSCHE POST AG-6.35%72 315
FEDEX CORPORATION-6.46%64 104
EXPEDITORS INTERNATIONAL OF WASHINGTON, INC.-16.29%18 761
SG HOLDINGS CO.,LTD.-14.22%12 712