Summary of Financial Results

In the business environment surrounding the Yamato Group, the global inflationary trend became more stable, while in Japan it remains hard to anticipate a full-fledged economic recovery. Although the economic sentiment is in a recovery trend, with cost inflation being passed on to prices as well as other factors, and the decline in real wages is coming to a halt, consumer spending remains sluggish, and the labor shortage is becoming more serious, together with other factors.

Under these circumstances, the Yamato Group is promoting initiatives based on the medium-term management plan "Sustainability Transformation 2030 ~1st Stage~", to create “economic value”, as well as “environmental value” and “social value” to make our society more sustainable, including growing profits in the base domain by strengthening the TA-Q-BIN network, expanding the corporate business domain by providing business solutions, commercializing new business models to address the diversifying needs of customers and society, and strengthening the Group’s management platform, in order to achieve sustainable corporate value enhancement through the concept of “Helping to enrich our society”, which is part of our Management Philosophy.

Regarding the full-year consolidated earnings, operating revenue has been revised upward to 1.76 trillion yen (up 30 billion yen from the previous forecast), reflecting the current situation, future outlook, and the impact of making Nakano Shokai Co., Ltd. a consolidated subsidiary. As for operating profit, the forecast has been kept unchanged, considering how operating expenses are expected to exceed the previous forecast, including the fact that operational improvements are still underway in the Transportation domain. Ordinary profit has been revised upward to 13 billion yen (up 3 billion yen from the previous forecast), reflecting the booking of gains from investment partnerships expected in the fourth quarter. Profit attributable to owners of parent has been revised upward to 18 billion yen (up 13 billion yen from the previous forecast), reflecting factors including gain from the sale of investment securities booked in the third quarter.