According to the financial results for the second quarter (interim period) of the fiscal year ending March 2026, announced by Yamato Holdings on October 30, net sales were 906.774 billion yen (up 7.9% year-on-year), operating loss was 3.782 billion yen (compared to a loss of 15.001 billion yen in the previous period), ordinary loss was 3.747 billion yen (compared to a loss of 13.652 billion yen in the previous period), and net loss attributable to parent company shareholders was 4.887 billion yen (compared to a loss of 11.174 billion yen in the previous period).
By segment, sales to external customers in the express business amounted to 755.706 billion yen, a 2.5% increase compared to the same period of the previous year. This was due to an increase in the volume of parcels handled by the parcel delivery division from small business and individual customers, and progress in optimizing pricing for large business customers handled by the corporate division. Operating expenses amounted to 792.785 billion yen. This was due to increased costs associated with human capital investments such as improving the treatment of employees and partners to strengthen the parcel delivery network, network investments such as the relocation of collection and delivery bases, and increased costs associated with the increase in the volume of parcels handled, while efforts were made to review operations in the transportation area and focus on cost control. As a result, the operating loss was 16.767 billion yen, an improvement of 11.051 billion yen compared to the same period of the previous year.
Sales to external customers in the contract logistics business reached 79.532 billion yen, a 104.4% increase compared to the same period last year, driven by the acquisition of new projects and the consolidation of Nakano Shoji as a subsidiary. Operating profit was 2.549 billion yen, an increase of 61 million yen compared to the same period last year.
In its global business, sales to external customers reached 48.761 billion yen, an 18.7% increase compared to the same period last year, driven by factors such as the expansion of its international forwarding service. Operating profit reached 4.591 billion yen, an increase of 76 million yen compared to the same period last year.
In the mobility business, sales to external customers reached 10.379 billion yen, a 3.2% increase compared to the same period last year, due to an increase in the number of contracted vehicles and the receipt of appropriate unit prices. Operating profit reached 2.563 billion yen, an increase of 474 million yen compared to the same period last year, due to efforts to optimize costs.
In addition, during the second quarter, we continued to promote the provision of IT services that contribute to improving the operational efficiency of our customers and the convenience of end users. Sales to external customers amounted to 12.393 billion yen, a decrease of 4.0% compared to the same period last year. Operating profit was 3.262 billion yen, a decrease of 285 million yen compared to the same period last year.
CFO Yu Nomura stated that the increase in revenue and profit for the current fiscal year was "largely in line with our expectations. Although there were some impacts from the external environment, we were largely able to achieve what we needed to do and what we had planned." He also added that the company will continue to invest in human resources and network infrastructure to further strengthen its network.
When asked about the specific timing of profitability, he stated, "We are currently in the process of improving profits, and the numbers are on track with our plan. We will soon be on the rise," emphasizing that profitability is within reach.
For the full year, the company projects net sales of 1,653 billion yen (up 6.7%), operating profit of 92 billion yen (up 181.6%), ordinary profit of 90 billion yen (up 104.2%), and net profit attributable to parent company shareholders of 57 billion yen (down 36.7%).
