Part 1

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

Part 1

Group Corporate Philosophy
The Yamato Group’s foundation lies in its Core Values, which serve as the spirit of the Group’s founding and have remained unchanged
since their establishment in 1931. Supported by our Group Corporate Philosophy, created based on our unchanging Core Values, weaim to become a corporate group that can make sustainable contributions to the realization of an enriched society.

MissionManagement Philosophy

The mission and purpose theYamato helps enrich our society by enhancing

Yamato Group should fulfill in society

our social infrastructure, creating moreManagement Philosophy

convenient services for evolving lifestyles andindustries, and developing innovative logistics
and distribution systems.

VisionCore Values

Our vision for the Yamato Group

1. We all represent the Company.

in the futureThis value represents the spirit of “inclusive management,” whereby employees makedecisions based on their own judgments and engage with our customers and business
partners with an awareness that they represent the Company.

Transformation Plan “YAMATO NEXT100”
Environmental Vision

2. We connect our customers’ hearts with every delivery.
This value defines deliveries as not simply the transportation of goods, but rather achance for us to connect with our customers' hearts and offer them joy.

3. We conduct ourselves both professionally and ethically.

Social Vision

Medium-Term Management Plan “One YAMATO 2023”
Expansion of value provided to the “End to End” of supply chains

This value reflects the importance of ensuring that all our employees adhere to laws andregulations as members of society while conducting themselves in an ethical manner.

ValuesValues that are key to realizing theIncorporating the Founding Spirit within Our Core Values

Company founderYasuomi Ogura

Our Core Values, which were established by our founder Yasuomi Ogura in 1931 shortly after
our founding, have always been considered something that should remain unchanged throughout our over 100-year history. When it came to corporate management, Yasuomi Ogura
believed that no matter how logically a businessperson ran a company, the efforts of eachindividual employee are the most important aspect of preventing that company’s organizationfrom becoming a mere formality and of having that company be accepted by society.
Personnel involved in our transport businesses work on their own individual routes on adaily basis, which means it can take a certain amount of time before the direction of upper
management is communicated to them. Yasuomi Ogura believed that the independence ofeach employee who places importance on the Core Values could compensate for this timelag. He therefore took steps to spread awareness of the Core Values across the Company.

For more details, please refer to our corporate website.
Corporate Philosophy, including Corporate Stance and Employee
Code of Conduct

https://www.yamato-hd.co.jp/english/company/
philosophy.html

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YAMATO HOLDINGS CO., LTD.
Integrated Report 2023

Various Policies and Declarations

Yamato Group’s Mission
Corporate Stance

Employee Code ofConduct

Yamato Group values and policies for demonstrating approaches
Yamato Group
Human Rights
PolicyBasic Policy onDiversity

Yamato Group
Human Resources
Management
PolicyYamato Group
EnvironmentalPolicy

Yamato Group
Responsible
Procurement
Policyetc.

Core Values

https://www.yamato-hd.co.jp/english/csr/esg/
policy.html
YAMATO HOLDINGS CO., LTD.
Integrated Report 2023

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