Translation
July 31, 2013

Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2014
<under Japanese GAAP>
Company name:
Listing:
Stock code:
URL:
Representative:
Contact:

Yamato Holdings Co., Ltd.
Tokyo Stock Exchange9064
http://www.yamato-hd.co.jp/
Makoto Kigawa, President
Kenichi Shibasaki, Managing Executive Officer, in charge of Financing and Accounting
Tel: +81-3-3541-4141 (from overseas)
Scheduled date of the submission of quarterly securities report:
August 12, 2013
Scheduled date of the commencement of dividend payment:—
Preparation of supplementary materials on quarterly financial results:
Yes
Holding of quarterly financial results meeting:Yes(Amounts less than 1 million yen are discarded.)1.

Consolidated financial results for the first quarter of fiscal year 2014
(cumulative: from April 1, 2013 to June 30, 2013)(1) Consolidated operating results
For the three months ended
June 30, 2013
June 30, 2012
(Note) Comprehensive income:(Percentages indicate year-on-year changes.)
Operating revenue
Operating income
Ordinary income
Net income
Millions of yen% Millions of yen% Millions of yen%
Millions of yen%
314,551
5.3
9,136
77.4
9,412
65.8
4,772 114.3
298,8071.6
5,151(32.3)
5,675(29.3)
2,226
74.1
For the three months ended June 30, 2013: 6,707 million yen (311.5%)
For the three months ended June 30, 2012: 1,629 million yen (19.8%)
Net income per share

For the three months ended
June 30, 2013
June 30, 2012

Yen
11.26
5.18

Net income pershare - fully diluted
Yen
10.98
5.05

(2) Consolidated financial position
As ofJune 30, 2013
March 31, 2013
(Reference) Equity:2.

Total assets
Millions of yen
974,923
950,152
As of June 30, 2013: 535,953 million yen

Net assets
Equity ratio
Millions of yen%
544,472
55.0
542,91456.2
As of March 31, 2013: 534,451 million yen

Dividends
First quarter

Second quarter
Yen
Yen
Fiscal 2013—
11.00
Fiscal 2014——
Fiscal 2014 (Forecast)—
12.00(Note) Revisions to the forecasts most recently announced: None

Annual dividends
Third quarter
Yen
—
—
—

Fiscal year-end
Yen
12.00
—
12.00

Total
Yen
23.00
—
24.00

3.

Consolidated earnings forecasts for fiscal year 2014 (from April 1, 2013 to March 31, 2014)
Operating revenue

Operating income

Millions of yen%
Millions of yen%
Half year
648,000
5.0
22,50024.8
Full year
1,345,000
4.9
71,0007.2(Note) Revisions to the forecasts most recently announced: Yes(Percentages indicate year-on-year changes.)
Net income
Ordinary income
Net income
per share
Millions of yen%
Millions of yen%
Yen
23,00021.5
11,50042.3
27.14
72,0005.9
40,50015.2
95.58* Notes(1) Changes in significant subsidiaries during the three months under review (changes in specified subsidiaries
resulting in the change in scope of consolidation): None
(2) Application of specific accounting for preparing the quarterly consolidated financial statements: Yes(Note) For details, please see “2. Matters Regarding Summary Information (Notes), Application of specific accounting for preparing thequarterly consolidated financial statements” of the attached materials to the quarterly financial results report on page 6.

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial
statements after error corrections
a. Changes due to revision to accounting standards, etc.: Noneb. Changes other than a:
Nonec. Changes in accounting estimates:
None
d. Restatement of prior period financial statements after error corrections:
None(4) Number of issued shares (common stock)a. Number of issued shares as of the end of the period (including treasury stock)
As of June 30, 2013
461,345,492 shares
As of March 31, 2013
461,345,492 sharesb. Number of treasury shares as of the end of the period
As of June 30, 2013
37,632,352 shares
As of March 31, 2013
37,631,001 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
For the three months ended June 30, 2013
423,713,506 shares
For the three months ended June 30, 2012
430,146,645 shares*Indication regarding execution of quarterly review procedures
At the time of the disclosure of this quarterly financial results report, the quarterly review procedures in accordance with the Financial
Instruments and Exchange Act are in progress.

*Proper use of earnings forecasts and other noteworthy events• Descriptions of the above financial projections and other data are based on information currently available to the Company and certain
assumptions that we consider to be reasonable. Actual financial results may differ significantly from the projections for various reasons.
For points to note when using such assumptions and financial projections, please see “1. Qualitative Information on Settlement of Accounts
for the Three Months, (3) Qualitative information on consolidated earnings forecasts” of the attached materials to the quarterly financial
results report on page 6.
• The Company plans to post supplementary materials on quarterly financial results on the Company’s website promptly after theannouncement of the quarterly financial results.

Attached Materials
Index

1. Qualitative Information on Settlement of Accounts for the Three Months................................................................. 2(1) Qualitative information on consolidated operating results ................................................................................. 2(2) Qualitative information on consolidated financial position ................................................................................. 6(3) Qualitative information on consolidated earnings forecasts............................................................................... 6
2. Matters Regarding Summary Information (Notes).................................................................................................... 6
Application of specific accounting for preparing the quarterly consolidated financial statements............................. 6
3. Consolidated Financial Statements.......................................................................................................................... 7(1) Consolidated balance sheets ............................................................................................................................ 7(2) Consolidated statements of income and consolidated statements of comprehensive income .......................... 9
Consolidated statements of income (cumulative) .............................................................................................. 9
Consolidated statements of comprehensive income (cumulative)................................................................... 10(3) Notes to consolidated financial statements ..................................................................................................... 11(Notes to premise of going concern)................................................................................................................ 11(Segment information, etc.) ............................................................................................................................. 11(Notes on significant changes in the amount of shareholders’ equity)............................................................. 12
4. Supplementary Information .................................................................................................................................... 13
Operating revenue by business................................................................................................................................ 13-1-

1. Qualitative Information on Settlement of Accounts for the Three Months(1) Qualitative information on consolidated operating results
The business environment during the three months ended June 30, 2013, began to show some bright signs
such as growth in the mail-order market, along with a steady pick-up in corporate earnings and consumer
spending due to correction in the yen and rising stock prices ongoing since December last year. Operating inthis environment, the Yamato Group worked to establish new networks that will realize a revolution in logistics,
create new services, and achieve greater sophistication of its existing businesses in order to achieve theobjectives of the Long-Term Management Plan "DAN-TOTSU Management Plan 2019" and the Medium-Term
Management Plan "DAN-TOTSU Three-Year Plan HOP."
In the Delivery Business, TA-Q-BIN delivery volume significantly increased compared with the year-ago period
as a result of expanded use by corporate clients in the mail-order and small-lot-commercial markets. On thecost front, meanwhile, we worked to constrain costs incurred along with the revenue growth associated with theincreased delivery volume through efforts to construct appropriate personnel structures.
In the non-delivery businesses, the Yamato Group created new services, and aggressively conductedalignment of functions held by the respective group companies as well as proposal-based sales to support
corporate clients in finding solutions to management challenges.
Our consolidated financial results for the three months ended June 30, 2013 were as follows.
(Millions of yen)
Item
Operating revenue
Operating income
Ordinary income
Net income

For the three months
ended June 30, 2012
298,807
5,151
5,675
2,226

For the three months
ended June 30, 2013
314,551
9,136
9,412
4,772

Change15,744
3,985
3,736
2,545

Growth (%)
5.3
77.4
65.8
114.3

Initiatives for the entire Yamato Group
a.

b.

c.

In order to contribute to growth strategies for the Japanese economy, the Yamato Group is promoting
strategies based on a “value networking” design that will bring about a revolution in logistics. We are also
involved in establishing partnership platforms with government bodies and other companies as part ofinitiatives aimed at revitalizing local communities throughout Japan.
Our strategies based on the “value networking” design include not only the construction of “Haneda
Chronogate,” the Yamato Group’s largest logistics center, and “Atsugi Gateway,” one of centers that willcause dramatic improvement to the delivery speed of TA-Q-BIN, but also the start of small-lot freight
service to Asia offering as short as next-day delivery through utilization of “Okinawa International Logistics
Hub.” We will continue to promote these strategies and work toward realizing “non-stop logistics” to linkswiftly to networks while providing added value together with a “cloud-type network” that enables
shipments regardless of location, type or volume.
Concerning the establishment of partnership platforms with government bodies and other companies, ourefforts included the provision of services to the elderly that combined shopping support with supervision,and the establishment of public-private-partnership offices aimed at the revitalization of industry and local
communities.

-2-

Summary of each operating segmentz Delivery
The delivery volumes of TA-Q-BIN and Kuroneko Mail services are as follows.
(Million parcels / units)
Category
TA-Q-BIN
Kuroneko Mail

a.
b.
c.

d.

e.

For the three months
ended June 30, 2012
337
538

For the three months
ended June 30, 2013
374
538

ChangeGrowth (%)
36
0

10.9
0.1

In the Delivery Business, the Yamato Group concentrated on TA-Q-BIN-centered business evolution,
aiming to provide infrastructure that best suits our customers and contribute to enriching people’s lives.
With respect to services for individual customers, the Yamato Group began a service that allows Kuroneko
Members to change the day and time of receiving delivery using the Internet-based parcel inquiry system,
thereby further improving convenience regarding when TA-Q-BIN deliveries are received.
Concerning corporate clients, TA-Q-BIN delivery volume increased, centered on clients in the mail-orderand small-lot-commercial markets. In addition, the Yamato Group actively developed“intra-building/intra-area logistics” that centralize delivery within large commercial facilities and large
multi-function complexes, and, in the three months ended June 30, 2013, newly received orders forbusiness in commercial facilities and the like in Kanto, Chubu and Kansai regions.
As part of initiatives to improve productivity, the Yamato Group continued to develop efficient pickup anddelivery systems that utilize part-time employees such as team-based pick-up and delivery involving
part-time employees called "Field Casts" and Sales Drivers to conduct en-masse delivery during the timezones that our customers are most frequently at home. In the three months ended June 30, 2013, weestablished model centers aimed at part-time employee utilization across Japan and worked toward
establishing pick-up delivery methods most suited to each area.
Operating revenue amounted to 249,756 million yen, up 5.3% from the year-ago period as a result of alarge increase in TA-Q-BIN delivery volume. Operating income was 3,218 million yen, up 3,601 million yen
from the year-ago period.

z BIZ-Logistics
a.
b.

c.

d.

In the BIZ-Logistics Business, the Yamato Group is providing customers with innovative logistics systems
by combining management resources such as the TA-Q-BIN network with international transportation
functions and logistics functions.
As part of logistics systems provided to the mail-order industry, the Yamato Group focused on businessevolution centered on the "Today Shopping Service" that offers delivery in as short a time as four hours
from ordering. In the three months ended June 30, 2013, in addition to an increase in use by existingcustomers, there was also an increase in use by new customers owing to effective sales promotion
utilizing intra-group cooperation that allowed us to offer total support including information technology
function and financial technology function.
For customers who handle pharmaceutical products and medical devices, the Yamato Group provides
services ranging from the warehousing of pharmaceutical products through to the delivery of theseproducts as well as cleaning and maintenance services for medical devices. In the three months ended
June 30, 2013, in addition to a firm increase in use by new and existing customers, we further accelerated
our business development such as by working in partnership with Kobe-shi to establish facilities thatprovide support to the medical related industries.
Operating revenue amounted to 21,415 million yen, up 0.3% from the year-ago period mainly due to theincreased use of services by the mail-order industry and by the pharmaceuticals and medical devices
related industries, despite a decline in the delivery volume of trade freight. Operating income was 960
million yen, down 20.1% from the year-ago period as our efforts to reduce subcontracting expenses were
not enough to cover the decline in the delivery volume of trade freight.

-3-

z Home Convenience
a.
b.

c.

d.

In the Home Convenience Business, we are working to offer convenience and comfort to customers’ lives
by providing lifestyle support services that utilize the nationwide network of the Yamato Group.
With respect to individual customers, the Yamato Group operated a variety of services to assist in daily life
centered on its moving-related services. In the three months ended June 30, 2013, in addition to achieving
growth in the rental and recycle service for furniture and electronics, the comprehensive cleaning services
including house cleaning and collection of unwanted items performed strongly.
In our services for corporate clients, in addition to moving services such as office relocation services, we
also provide delivery and installation agent services for electronic products and household equipment. In
the three months ended June 30, 2013, there was increased use of these services, mainly delivery,
installation and maintenance services for eco-household facilities such as domestic solar panel
installations, and repair services for commercial equipment.
Operating revenue amounted to 11,636 million yen, up 6.7% from the year-ago period as a result of theincreased use of delivery and installation agent services for electronic products and household equipment,
as well as for commercial equipment. With respect to profits, an operating loss of 375 million yen wasrecorded, but this constitutes an improvement of 148 million yen compared with the year-ago period.

z e-Business
a.
b.

c.

d.

In the e-Business, the Yamato Group helps customers streamline their business processes and solve
potential issues by proactively proposing solutions that combine logistics technology and financial
technology functions with information technology function.
With respect to services to assist with order-acceptance and dispatching operations, the Yamato Group
provides a “Web-based Shipment Control” that comprehensively supports such operations as dispatch
information processing, printing of delivery slips, and freight tracking. In the three months ended June 30,
2013, use of this service increased, particularly among clients in the mail-order market.
In the e-money related services, the Yamato Group offers solutions through collaboration between thee-Business and the Financial Business. It has been promoting installation and operation of a multie-money settlement terminal that allows settlement by multiple types of e-money with a single device. In
the three months ended June 30, 2013, the number of terminal installations to various companies,
particularly large distribution companies, increased and revenue also increased.
Operating revenue amounted to 9,591 million yen, up 10.9% from the year-ago period, largely due to thegrowth of the mail-order related services and the e-money related services. Operating income was 1,507
million yen, up 42.8% from the year-ago period.

z Financial
a.
b.

c.

d.

In the Financial Business, the Yamato Group is endeavoring to respond to every means of payment
settlement to meet the needs of customers from payment collection on mail-order product delivery to B2Btransaction settlement.
For the mail-order industry, in addition to the mainstay product “TA-Q-BIN Collect,” the Yamato Group
proactively developed “Kuroneko Web Collect,” a service that allows settlement by multiple types ofmethod of payment such as credit card and e-money simultaneously. In the three months ended June 30,
2013, this service’s convenience was further improved such as by adding a “repeat-user settlement
function” that eliminates the necessity for repeat customers to reenter their card information by safely
storing the credit card information of purchasers.
For business-to-business settlement services, the Yamato Group provides “Kuroneko Anshin Settlement
Service,” which, in addition to assisting sellers expand sales channels and buyers perform credit
transactions, provides value through improving business efficiency, managing accounts receivable andreducing risk of debt collection. In the three months ended June 30, 2013, in addition to an increase in thenumber of newly participating stores through sales promotion utilizing intra-group cooperation, the YamatoGroup promoted measures aimed at realizing increased use of these services at existing participating
stores such as making it possible to apply via the Internet.
Operating revenue amounted to 14,726 million yen, up 8.1% from the year-ago period, mainly owing to theincreased volume of TA-Q-BIN Collect and the increased number of e-money settlement transactions due-4-

to the increased number of businesses with large mail-order companies. Operating income was 2,215
million yen, up 1.7% from the year-ago period.

z Autoworks
a.
b.
c.

d.

Effective from the three months ended June 30, 2013, the Truck Maintenance Business has beenrenamed the Autoworks Business.
In the Autoworks Business, the Yamato Group is offering customers who use trucks, buses and othervehicles in their operations the value of improved vehicle maintenance convenience, compliance withstatutory vehicle inspections, and reduced maintenance expenses.
In the three months ended June 30, 2013, the Yamato Group steadily increased the number of vehicles
serviced as a result of the increased use of the “12-Month Fixed-Price Maintenance Package,” whichevens out the monthly vehicle maintenance expenses. We also strove to expand our business areas suchas by beginning operations at the Nagoya Plant in April.
Operating revenue amounted to 6,081 million yen, up 3.3% from the year-ago period due to an increase in
the number of vehicles serviced. Operating income was 957 million yen, down 0.8% from the year-ago
period as a result of a decline in the fuel sales volume.

z Othera.

b.

The “JITBOX Charter service” is a service that provides transportation by transport box. The service takes
advantage of its Group network consisting of multiple companies and provides value to customers throughtimely delivery and frequent, right-volume delivery. In the three months ended June 30, 2013, the YamatoGroup increased the number of transportation orders, particularly those related to events, and the handlingvolume increased firmly.
Operating income in Other excluding dividends which Yamato Holdings Co., Ltd. received from the Group
companies decreased 11.3% from the year-ago period to 161 million yen.

CSR Initiatives
a.

b.

c.

d.

The Yamato Group places utmost priority on protecting human life and conducts a range of safetymeasures. In the three months ended June 30, 2013, a total of more than 2.2 million people have now
participated in the "Safety Classes for Children" that the Group has continuously conducted as an initiative
to provide a local community-oriented service. In addition, the Group promoted various initiatives such as
conducting the “Zero Accident Campaign” which is a safety campaign deployed horizontally throughout theentire group, and the introduction and expansion of on-board systems designed with safety in mind.
The Yamato Group has formulated “Nekology” (combining “Kuroneko” with “ecology”), which is anenvironmental protection philosophy and guideline for environmental activities for the entire Group, and istaking the initiative to proactively promote environmental protection activities. In the three months ended
June 30, 2013, the Group received the “ Logistics Environment Promotion Award” at the 14th Logistics
Environmental Award in recognition of various activities based on “Nekology.”
Aspiring to be a company that has a strong bond of trust with the local community, the Yamato Group
promotes various activities to help realize a society in which disabled people can freely enjoy a lifestyle asa member of the workforce. For example, led by Yamato Welfare Foundation, we actively employ disabled
people in the Swan Bakery that makes and sells bread, provide workplaces through the consigned deliveryof Kuroneko Mail, and operate job-finding support facilities that conduct training of skills and knowledge
necessary for employment.
Aiming to create more sustainable social value, the Yamato Group promoted initiatives for sharing value
with society based on “Creating Shared Value (CSV).” In the three months ended June 30, 2013, theYamato Group worked in collaboration with local governments in numerous regions to develop services
such as supervision of elderly persons as part of TA-Q-BIN pickup and delivery operations.

-5-(2) Qualitative information on consolidated financial position(Assets, liabilities and net assets)
Total assets were 974,923 million yen as of June 30, 2013, up 24,770 million yen from the end of the previous
fiscal year. The major factors in this were an increase of 13,042 million yen in property, plant and equipment
accompanying the construction of logistics facilities and an increase of 4,869 million yen in notes and accounts
receivable-trade.
Liabilities increased 23,212 million yen to 430,450 million yen from the end of the previous fiscal year. The
major factors included a decrease in income taxes payable of 17,080 million yen due to the payment of income
taxes on one hand, and an increase of 53,838 million yen in other current liabilities due to the reporting ofscheduled payments of summer bonuses, on the other.
Total net assets were 544,472 million yen, up 1,557 million yen from the end of the previous fiscal year. Major
factors included the payment of dividends from surplus of 5,084 million yen on one hand, and the recording of
net income of 4,772 million yen and an increase of 1,356 million yen in valuation difference on
available-for-sale securities on the other.
Accordingly, the equity ratio changed to 55.0% from the previous fiscal year’s 56.2%.
(3) Qualitative information on consolidated earnings forecasts
Looking at the future of the economy, although the Japanese economy is expected to pick up owing to arecovery in corporate earnings and other factors, the economic outlook is expected to remain uncertain due tothe risk of an economic downturn overseas such as the resurgence of the debt crisis in Europe.
In this environment, the Yamato Group will take measures to increase TA-Q-BIN and Kuroneko Mail delivery
volumes and work to expand earnings in the Delivery Business by offering functions that improve customer
convenience and by enhancing logistics. In the non-delivery business, we will promote intra-group cooperation
and work to establish revenue base such as by creating new businesses and further reinforcing solution sales
to accelerate our growth potential.
On the cost front, the Group will promote the establishment of systems that facilitate growth in delivery volumes
while maintaining quality. At the same time, we will promote measures to reform pick-up and delivery operations
and improve productivity and to secure operating income by enhancing cost competitiveness.
Based on the above, the Yamato Group has made changes to the consolidated earnings forecasts for the halfyear and for the full year of the fiscal year ending March 31, 2014 since the announcement made on April 30,
2013.

2. Matters Regarding Summary Information (Notes)
Application of specific accounting for preparing the quarterly consolidated financial statements
Calculation of tax expenses
Tax expenses are calculated by multiplying the income before income taxes by the reasonably estimatedeffective tax rates after the application of tax effect accounting to the income before income taxes for the fiscal
year including the first quarter under review.

-6-3. Consolidated Financial Statements(1) Consolidated balance sheets(Millions of yen)
As of March 31, 2013

As of June 30, 2013

AssetsCurrent assets
Cash and deposits

213,619

207,714

Notes and accounts receivable-trade163,789

168,658

Accounts receivable-installment

37,45639,267

Lease investment assets

22,37623,903Merchandise and finished goods

852

778

Work in process

161

344

Raw materials and supplies

2,587

2,497

Other

47,21954,586

Allowance for doubtful accounts(1,654)(1,502)

Total current assets

486,408496,247

281,096278,717

Accumulated depreciation(173,496)(172,160)

Buildings and structures, net

107,600

106,556

Noncurrent assets
Property, plant and equipment
Buildings and structures

Vehicles

182,678

185,224(168,721)(168,267)

13,957

16,956

Land

187,107

187,111

Lease assets

23,54823,468

Accumulated depreciation(12,512)(13,224)

Lease assets, net

11,036

10,243

153,817

163,714(90,362)(88,383)

Accumulated depreciation
Vehicles, net

Other
Accumulated depreciation
Other, net

63,45475,330383,157

396,199

16,80916,807

Investment securities

22,59724,452

Other

42,58742,596

Allowance for doubtful accounts(1,184)(1,158)

Allowance for investment loss

(222)

(222)

Total property, plant and equipment
Intangible assets
Investments and other assets

Total investments and other assets
Total noncurrent assets
Total assets-7-

63,77865,667463,744478,675

950,152

974,923

(Millions of yen)
As of March 31, 2013

As of June 30, 2013

Liabilities
Current liabilities
Notes and accounts payable-trade138,288

136,740

Short-term loans payable

29,81428,283

Lease obligations

4,714

4,713

Income taxes payable

22,441

5,360

Deferred installment income

5,006

5,141

Provision for bonuses

29,082

12,005

Other70,192

124,031

Total current liabilities

299,539

316,277

Bonds with subscription rights to shares

20,00020,000Long-term loans payable

32,20937,655

Lease obligations

7,042

6,235

Provision for retirement benefits

38,17839,779Other

10,26810,502

Total noncurrent liabilities

107,698

114,173

407,238

430,450

Capital stock

127,234

127,234

Capital surplus

111,290111,290

Retained earnings

347,358

347,046

Noncurrent liabilities

Total liabilities
Net assets
Shareholders’ equity

Treasury stock(56,495)(56,498)

Total shareholders’ equity

529,387

529,073

Valuation difference on available-for-sale securities

6,095

7,452

Foreign currency translation adjustment(1,032)(571)

Total accumulated other comprehensive income

5,063

6,880

Minority interests

8,463

8,518

Total net assets

542,914544,472

950,152

974,923

Accumulated other comprehensive income

Total liabilities and net assets-8-(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income (cumulative)(Millions of yen)
For the three months ended
June 30, 2012

For the three months ended
June 30, 2013

Operating revenue

298,807314,551

Operating cost

285,484

296,918

Operating gross profit

13,322

17,632

Selling, general and administrative expenses

8,171

8,495

Operating income

5,151

9,136

Non-operating income
Interest income

815

Dividends income

237

249

Other

588

346

Total non-operating income

834

611

Interest expenses

168

112

Settlement package

—

113

Other

141

109

Total non-operating expenses

310

336

5,675

9,412

Gain on sales of noncurrent assets

00

Total extraordinary income

00Loss on retirement of noncurrent assets

33

83

Loss on valuation of investment securities

161

3

1

3

196

90

Income before income taxes and minority interests

5,479

9,322

Income taxes

3,264

4,627

Income before minority interests

2,214

4,694

Minority interests in income (loss)

(11)

(78)

2,226

4,772

Non-operating expenses

Ordinary income
Extraordinary income

Extraordinary loss

Other
Total extraordinary losses

Net income-9-Consolidated statements of comprehensive income (cumulative)(Millions of yen)
For the three months ended
June 30, 2012

For the three months ended
June 30, 2013

2,214

4,694

(1,361)

1,539

Foreign currency translation adjustment

776

473

Total other comprehensive income

(584)

2,013

1,629

6,707

Comprehensive income attributable to owners of the parent

1,695

6,589

Comprehensive income attributable to minority interests

(65)

118

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities

Comprehensive income(Breakdown)- 10 -

(3) Notes to consolidated financial statements(Notes to premise of going concern)
Not applicable.
(Segment information, etc.)[Segment information]
Information regarding the amounts of operating revenue and income or loss by reportable segment
For the three months ended June 30, 2012
(Millions of yen)
BIZ-Logistics

Home
Convenience

e-Business

237,200

21,341

10,901

8,650

13,617

13,170

3,200

3,265

6,376

1,000

250,370(383)

24,542
1,202

14,166(523)

15,026
1,055

14,6172,179

Reconciliation(Note 3)

Amountrecorded inconsolidated
statements ofincome(Note 4)

DeliveryOperating revenue(1) Operating revenue from customers(2) Inter-segment operating revenue ortransfers
Total
Segment income (loss)

Autoworks

Other(Notes 1, 2)

Total

Financial

Operating revenue(1) Operating revenue from customers
5,889
1,206
298,807—298,807(2) Inter-segment operating revenue or
7,032
26,23960,284(60,284)—
transfers
Total
12,92227,446
359,092(60,284)
298,807
Segment income (loss)
965
17,843
22,339(17,188)
5,151
Notes: 1. Other includes business-to-business distribution via JITBOX Charter, staffing services and shared services.
2. Operating revenue in Other includes dividends which the Company received from the Group companies as a pure holding
company and the effect of this on operating revenue and segment income is 17,553 million yen.
3. The adjustment of segment income resulted from eliminating transactions among segments.
4. We made an adjustment between segment income and operating income in the consolidated statements of income.

- 11 -

For the three months ended June 30, 2013
(Millions of yen)
DeliveryOperating revenue(1) Operating revenue from customers(2) Inter-segment operating revenue ortransfers
Total
Segment income (loss)

249,756

BIZ-Logistics

Home
Convenience

e-Business

Financial

21,415

11,636

9,591

14,726

14,206

2,808

3,079

6,761

942

263,962
3,218

24,223960

14,716(375)

16,353
1,507

15,6692,215

Reconciliation(Note 4)

Amountrecorded inconsolidated
statements ofincome(Note 5)

Autoworks(Note 1)

Other
(Notes 2,3)

Total

Operating revenue(1) Operating revenue from customers
6,081
1,344
314,551—
314,551(2) Inter-segment operating revenue or
7,015
33,161
67,975(67,975)—transfers
Total
13,09634,506
382,527(67,975)
314,551
Segment income (loss)
957
24,41532,899(23,762)
9,136
Notes: 1. Effective from the three months ended June 30, 2013, the reportable segment “Truck Maintenance” has been renamed“Autoworks.” The segment information for the three months ended June 30, 2012 is presented using the name after the change.
2. Other includes business-to-business distribution via JITBOX Charter, staffing services and shared services.
3. Operating revenue in Other includes dividends which the Company received from the Group companies as a pure holding
company and the effect of this on operating revenue and segment income is 24,104 million yen.
4. The adjustment of segment income resulted from eliminating transactions among segments.
5. We made an adjustment between segment income and operating income in the consolidated statements of income.

(Notes on significant changes in the amount of shareholders’ equity)
Not applicable.

- 12 -

4. Supplementary Information
Operating revenue by businessBusiness segment

For the three months
For the three months
ended June 30, 2012
ended June 30, 2013
AmountRatio
AmountRatio(Millions of yen)(%)
(Millions of yen)(%)
199,46366.8
214,33868.1
32,88211.0
32,59810.4
10,317
3.4
10,486
3.3
15,215
5.1
14,317
4.6(20,677)(6.9)(21,984)(7.0)
237,200
79.4
249,756
79.4
8,830
2.9
8,824
2.8
7,673
2.6
7,364
2.3
2,106
0.7
2,363
0.8
980
0.3
930
0.3
8,729
2.9
9,067
2.9
(6,978)(2.3)(7,135)(2.3)
21,341
7.1
21,415
6.8
10,058
3.3
10,610
3.4
4,116
1.4
4,115
1.3
(3,273)(1.1)(3,089)(1.0)
10,901
3.6
11,636
3.7
2,434
0.8
2,519
0.8
1,712
0.6
1,899
0.6
1,047
0.4
1,136
0.4

Change(%)

Fiscal year ended
March 31, 2013
AmountRatio(Millions of yen)(%)
880,17168.6
128,309
10.0
42,635
3.3
65,116
5.1(88,013)(6.8)
1,028,219
80.2
36,4792.8
30,180
2.4
8,714
0.7
3,701
0.3
35,296
2.8(27,566)(2.2)
86,806
6.8
40,586
3.2
18,788
1.5(14,773)(1.2)
44,601
3.5
10,137
0.8
7,092
0.6
4,383
0.3

TA-Q-BIN
7.5
Kuroneko Mail
(0.9)
Express
1.6
Delivery
Others(5.9)
Eliminations
6.3
Total
5.3
Trade logistics service(0.1)
Retail logistics service(4.0)
Multi maintenance
12.2
BIZ-Logistics Export Factory(5.0)
Others3.9
Eliminations
2.3
Total
0.3
Home convenience
5.5
Business convenience
(0.0)
Home
Convenience Eliminations
(5.6)
Total
6.7
e-logistics solution
3.5
Credit card solution
10.9
IT operating solution
8.6
Web-based
mail
order
e-Business
1,580
0.5
1,808
0.6
14.4
7,075
solution
Others
9,027
3.0
9,461
3.0
4.8
39,739Eliminations(7,150)(2.4)(7,234)(2.3)
1.2(31,368)
Total
8,650
2.9
9,591
3.1
10.9
37,060TA-Q-BIN Collect
8,938
3.0
9,573
3.0
7.1
37,710
Lease
4,507
1.5
4,785
1.5
6.2
18,124Credit & Finance
876
0.3
801
0.3
(8.6)
3,278
Financial
Others
316
0.1
530
0.2
67.7
1,584
Eliminations(1,020)
(0.3)
(964)
(0.3)
(5.5)
(3,987)
Total
13,617
4.6
14,726
4.7
8.1
56,710
Truck maintenance
11,973
4.0
12,0403.8
0.6
47,279Others
1,540
0.5
1,635
0.5
6.2
5,909
Autoworks
Eliminations(7,624)(2.5)(7,595)(2.4)(0.4)(29,960)
Total
5,889
2.0
6,081
1.9
3.3
23,228JITBOX Charter service
785
0.3
947
0.3
20.7
3,504
Others27,356
9.1
34,171
10.9
24.9
56,587
Other
Eliminations(26,934)(9.0)(33,775)(10.8)
25.4(54,345)
Total
1,206
0.4
1,344
0.4
11.4
5,746
Total
298,807100.0
314,551
100.0
5.3
1,282,373* Effective from the three months ended June 30, 2013, the segment “Truck Maintenance” has been renamed “Autoworks.”- 13 -

0.5
3.1
(2.4)
2.9
2.9
1.4
0.3
0.1
(0.3)
4.4
3.7
0.4
(2.3)
1.8
0.3
4.4
(4.3)
0.4
100.0