Yamato Holdings Co ( (JP:9064) ) has provided an announcement.
Yamato Holdings Co., Ltd. announced a strategic move to strengthen its balance sheet through the sale and leaseback of non-current assets, resulting in extraordinary income and a revision of its consolidated earnings forecasts for the fiscal year ending March 31, 2025. This initiative aligns with their medium-term management plan, ‘Sustainability Transformation 2030～1st Stage～’, which emphasizes stabilizing and expanding earnings, as well as improving basic earnings per share and return on capital. The proceeds from the asset sale, approximately 45 billion yen, will be invested in future business growth, including strengthening the TA-Q-BIN network and expanding the corporate business domain.
More about Yamato Holdings Co
Yamato Holdings Co., Ltd. operates in the logistics and transportation industry, primarily offering parcel delivery services under the TA-Q-BIN brand. The company focuses on expanding its corporate business and creating new business models that address environmental and social issues, aiming for sustainable corporate value enhancement.
YTD Price Performance: 19.09%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.52B
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