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YamatoYAMATO HOLDINGS CO.,LTD.9064東証プライム陸運業FY ending Mar 2026, consolidated, J-GAAP

Yamato FY ending Mar 2026 results

About 84% of Yamato's sales come from EXP business, with Contract Logistics business and Global business making up much of the rest.

Out of every ¥100 of sales, about ¥2 is left as operating profit.

Revenue changed +5.8% from the prior year, operating profit +99.2%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +5.8% · profit +99.2%, calculated from disclosed figures.

Operating leverage: 16.99× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+5.8%¥1.76T → ¥1.87T
Operating income
+99.2%¥14.2B → ¥28.3B
Net income attributable to owners
-64.0%¥37.9B → ¥13.7B
Operating cash flow
+51.3%¥47.7B → ¥72.2B
Free cash flow
Back to profit-¥7.26B → ¥34.6B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥1.87T, up +5.8% from ¥1.76T.
  • Operating income rose +99.2% from ¥14.2B to ¥28.3B.
  • Net income fell -64.0% to ¥13.7B from ¥37.9B, because the prior year included a one-off gain from selling and leasing back its head office building.
  • Operating cash flow grew +51.3% to ¥72.2B, and free cash flow turned positive at ¥34.6B after a negative prior year.

What drove the change

  • More TA-Q-BIN parcels from small businesses and individuals
  • Higher rates for large corporate shippers, set to match the value of the service
  • Costs rose with better pay for staff and partners, relocated delivery depots and higher purchase prices, but changes to trunk-line operations kept them in check

Things to watch

  • Competition is shifting as e-commerce companies build their own delivery and startups enter the market
  • A shrinking workforce could make it harder and costlier to secure drivers and transport capacity
  • Energy and material prices have climbed, partly due to tensions in the Middle East

Annual Securities Report / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Yamato sells, how much goes where, and how much is kept.

FY ending Mar 2026
Operating costs
¥98
Operating profit
¥2
Net profit kept
¥1

Annual margin trends

Operating margin1.5%
FY ending Mar 2021: 5.4%5.4%FY ending Mar 2022: 4.3%4.3%FY ending Mar 2023: 3.3%3.3%FY ending Mar 2024: 2.3%2.3%FY ending Mar 2025: 0.8%0.8%FY ending Mar 2026: 1.5%1.5%FY21FY22FY23FY24FY25FY26
Net margin0.7%
FY ending Mar 2021: 3.3%3.3%FY ending Mar 2022: 3.1%3.1%FY ending Mar 2023: 2.5%2.5%FY ending Mar 2024: 2.1%2.1%FY ending Mar 2025: 2.2%2.2%FY ending Mar 2026: 0.7%0.7%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第161期(2025/04/01－2026/03/31)

    ID S100YAYL2026-06-12Open

  • EDINET (FSA Japan)

    有価証券報告書－第160期(2024/04/01－2025/03/31)

    ID S100VXJ42025-06-13Open

  • EDINET (FSA Japan)

    有価証券報告書－第159期(2023/04/01－2024/03/31)

    ID S100TM6Q2024-06-14Open

  • EDINET (FSA Japan)

    有価証券報告書－第158期(2022/04/01－2023/03/31)

    ID S100QYKD2023-06-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第157期(令和3年4月1日－令和4年3月31日)

    ID S100O90Q2022-06-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第156期(令和2年4月1日－令和3年3月31日)

    ID S100LK4W2021-06-18Open

Extracted from XBRL: 53 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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