Part 1

VALUE CREATION BY THE YAMATO GROUPVALUE CREATION BY THE YAMATO GROUP

Performance Highlights(Year Ended March 31, 2023)

Financial Information

Non-Financial Information

Operating revenues amounted to ¥1,800,668 million, up 0.4% year on year, owing to an increase in the number of parcels handled by theCompany in response to the continued growth of the EC domain, and Yamato’s focus on the optimization of logistics for customers. As aresult of rising fuel prices, hourly wages, electricity rates, and other expenses, and an increase in costs associated with the promotion ofour medium-term management plan “One YAMATO 2023,” such as structural reform of network operations, operating profit came to¥60,085 million, down 22.2% year on year. Due to a decline in total income taxes, following the approval to liquidate overseas consolidated subsidiaries, profit attributable to owners of parent stood at ¥45,898 million, a decline of 18.0%, and ROE was 7.6%, decreasing 2.0
percentage points

We are working to promote sustainable management to improve medium- to long-term corporate value and realize a sustainable society. During the fiscal year ended March 31, 2023, (the second year of these plans), we have been engaging in reducing GHG emissions
through the introduction of EVs and solar power generation equipment, reinforcing the recruitment and development of specialized
personnel, and creating a working environment that respects the diversity of human resources and enables employees to play anactive role, based on Sustainable Medium-Term Plans 2023, which sets out targets and specific actions for material issues in 2023. We
will continue promoting various measures leading to sustainable growth that supports business structure reform.

Operating Revenues

Operating Profit / Operating Profit Margin(¥ billion)(¥ billion)

1,800.6

2,000

(%)

GHG Emissions*3 /GHG Emission Intensity

Percentage of Electricity Generated via Renewable
Energy Sources in Electricity Consumption*3*4

Number of Employees /Human Productivity*5(Thousand tCO2e)(%)(People)(tCO2e/operating revenues of ¥100 million)

860

950

6120

100

5100

60.0
3.3%

80
60

1,000

80

900

43.9

4850

30

40

220

16020
1540

800

2019/32020/32021/32022/302023/3

2019/32020/32021/3

2022/3(Millions of parcels)(%)(¥ billion)

1,000

10500

50.4%

0

2020/32021/32022/32023/3

Parcel delivery amount (left scale)Parcel unit price growth rate (YoY) (right scale)

60

12400

2019/32020/32021/32022/3610.3400(100)(49.4)
2019/32020/3

Cash flows from operating activities
Free cash flows

YAMATO HOLDINGS CO., LTD.
Integrated Report 2023

2021/32022/32023/3

Cash flows from investing activities

0
2019/32020/32021/32022/32023/350

2022/32023/30(People)(%)

70%
68%
67%
66%
61%

2019/32020/32021/32022/32023/398.1%
10070080(Units)

2021/3

Total shareholders’ equity (left scale)
Shareholders’ equity ratio (right scale)2022/32023/3

0

5.7%

500

60

400

40

300

0

10600

369

200

2019/32020/32021/32022/302023/3864
2100

Percentage of annual paid vacation days taken

Number of Serious Traffic Accidents*8/ Number of Serious Occupational
Diseases*9

2019/32020/32021/32022/32023/30

Number of women in management (left scale)
Percentage of women in management (right scale)*1 Definition: TA-Q-BIN, TA-Q-BIN Compact, and EAZY
*2 Free cash flows = Cash flows from operating activities + Cash flows from investing activities*3 Scope: consolidated companies in Japan and Swan Co., Ltd.
*4 Electricity generated via renewable energy sources (MWh) ÷ Total power generated (MWh)*5 (Consolidated operating revenues – consolidated subcontracting expenses) ÷ consolidated personnelexpenses

10*6 A wareness surveys regarding working styles administered on an annual basis (scope: full-time andpart-time employees of Yamato Group companies in Japan)
×100
*7 N
 umber of employee resignations in respective fiscal year (of their own accord)

620

2020/32021/3(%)

855

2019/32020/3(%)

40

2019/3

Number of Women in Management /Percentage of Women in Management*3

RewardingDesire to continue employment
Sense of growth
Sense of contribution to the Company(%)
60200(50)1.1

Percentage of Annual Paid Vacation
Days Taken*7

Employee-friendly

ROE (right scale)

55.1%

00

200

2023/340.55004150
100210,197

Number of employees (left scale)
Human productivity (right scale)

6020600

89.92023/3

7087.6%(¥ billion)

200

2022/380

Total Shareholders’ Equity / Shareholders’ Equity Ratio(¥ billion)

2021/3

45.8

Profit attributable to owners of parent (left scale)Operating and Investing Cash Flows /Free Cash Flows*2

2020/30(5)1.2

Employee Awareness Surveys*650
2019/3

2019/3

GHG emissions (left scale)
GHG emission intensity (right scale)

(%)

15

1,500

190,000

Operating profit margin (right scale)Profit Attributable to Owners of Parent / ROE

20002023/3

Parcel Delivery Amount*1 /Parcel Unit Price Growth Rate (YoY)
1,926

1.3

5

Operating profit (left scale)

2,000

1.4

210,000

170,000

10500

022%

253

1.32

230,000

4035

1,500

10Part 10/0
2019/32020/32021/32022/32023/3

Number of serious traffic accidents	Number of registered employees as of respective fiscal year-end + Number ofemployee resignations in the respective fiscal year(including those due to retirement, etc.)(Scope: Full-time employees of consolidated companies in Japan and Swan Co., Ltd.)*8 Fatal traffic accidents (for which the employee is responsible)*9 Incidents involving a fatality

Number of serious occupational diseases

YAMATO HOLDINGS CO., LTD.
Integrated Report 2023

11