Summary of Financial Results

In the business environment surrounding the Yamato Group, although there were signs of a moderate improvement, the strong sluggishness in consumer spending persisted due to factors including continued inflation and decline in real wages. The business environment remains challenging, with labor shortages and elevated energy and raw material costs, coupled with the impact from rising geopolitical risks, making the future outlook uncertain.

Under these circumstances, the Yamato Group has defined its aspiration for 2030 as becoming a “value-creating company that contributes to the realization of a sustainable future,” with the aim of achieving sustainable enhancement of corporate value through the concept of “Helping to enrich our society” which is part of our management philosophy.

We have positioned the medium-term management plan "Sustainability Transformation 2030 ~1st Stage~", which covers the period until the fiscal year ending March 2027, as the “three-year period to strengthen the TA-Q-BIN network and transform the business portfolio”, and are generating “economic value” through initiatives such as reinforcing the TA-Q-BIN network to enhance the value we provide, expanding the Corporate business domain by providing solutions that cover the entire supply chain, commercializing new business models to meet the diversifying needs of customers and society, and strengthening the Group's management platform, while also promoting the creation of “environmental value” and “social value” by contributing to the sustainability of society.

For the fiscal year ending March 2026, in the TA-Q-BIN domain which is our base domain, Yamato Group will focus on transforming the revenue structure and charging the appropriate pricing based on the value-add we provide. In our Corporate Business, we aim to return to a growth trajectory in operating revenues by leveraging our transportation & delivery network and operational expertise to propose and win mandates from corporate clients, as well as. At the same time, through our facilities strategy, we are working to strengthen the TA-Q-BIN network in to make it more efficient and sustainable, as well as address customer needs, improve transportation and loading efficiency, and optimize operating costs through fixed cost control and variable cost management in accordance with the workload, and drive further profit growth.

Our consolidated earnings forecast for the full year remains unchanged from the previous announcement on July 30, 2025, since our earnings are generally progressing in line with the plan.

In light of the progress of the medium-term management plan “Sustainability Transformation 2030 ~1st Stage~” and changes in the business environment, we have updated the quantitative Plan for the fiscal year ending March 31, 2027, which is the final year of the plan. We will continue to seek to maximize profit growth drivers such as pricing optimization, expansion of the corporate business, optimization of operating costs, and reduction of indirect costs, for which we made progress in the first half of this fiscal year, while enhancing balance sheet management and optimizing capital allocation to achieve sustainable improvement in corporate value.