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Yamato Holdings Co
(9064)
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Rating:49Neutral
Price Target:
¥1,871.00
▼(-9.50% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by meaningful margin/ROE deterioration and inconsistent cash-flow trends despite improving revenue, alongside weak technical momentum. A high P/E multiple further pressures the risk/reward, with the dividend offering only modest support.
Positive Factors
Diversified logistics network
Yamato operates a large domestic parcel network plus corporate logistics, warehousing and fulfillment. That diversification and last-mile scale create recurring fee streams and operational density advantages, supporting stable demand and structural resilience across economic cycles.
Negative Factors
Margin deterioration
Multi-year compression in gross, operating and net margins reflects weaker pricing and an adverse cost mix. Persistently thin net margins reduce retained earnings, lower profitability resilience, and constrain the firm's ability to reinvest organically or sustain returns without structural margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified logistics network
Yamato operates a large domestic parcel network plus corporate logistics, warehousing and fulfillment. That diversification and last-mile scale create recurring fee streams and operational density advantages, supporting stable demand and structural resilience across economic cycles.
Read all positive factors
Yamato Holdings Co (9064) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥709.73B
Dividend Yield2.22%
Average Volume (3M)978.29K
Price to Earnings (P/E)47.7
Beta (1Y)0.49
Revenue Growth5.84%
EPS Growth-61.33%
CountryJP
Employees174,696
SectorIndustrials
Sector Strength72
IndustryTrucking
Share Statistics
EPS (TTM)41.79
Shares Outstanding360,496,500
10 Day Avg. Volume1,159,640
30 Day Avg. Volume978,293
Financial Highlights & Ratios
PEG Ratio-0.66
Price to Book (P/B)0.97
Price to Sales (P/S)0.30
P/FCF Ratio15.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,740.00Price Target Upside-15.84% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering8
EPS Forecast (FY)64.07
Revenue Forecast (FY)¥1.92T
Yamato Holdings Co Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1919, Yamato Holdings Co., Ltd. operates as an international service provider, extending its reach across Japan, North America, and other global markets. The company offers a diverse portfolio of services, encompass...
How the Company Makes Money
Yamato Holdings primarily makes money by charging fees for logistics services delivered through its operating subsidiaries. The core revenue stream is parcel delivery (including business-to-consumer and business-to-business shipments), where custo...
Yamato Holdings Co Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
67
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87T | 1.87T | 1.76T | 1.76T | 1.80T | 1.79T |
| Gross Profit | 85.56B | 84.86B | 67.05B | 92.16B | 110.93B | 137.00B |
| EBITDA | 101.79B | 100.53B | 105.44B | 97.54B | 99.34B | 117.39B |
| Net Income | 13.20B | 13.66B | 37.94B | 37.63B | 45.90B | 55.96B |
Balance Sheet | ||||||
| Total Assets | 1.29T | 1.28T | 1.27T | 1.18T | 1.11T | 1.09T |
| Cash, Cash Equivalents and Short-Term Investments | 231.96B | 238.81B | 208.65B | 195.06B | 185.37B | 182.64B |
| Total Debt | 206.38B | 195.91B | 173.79B | 92.53B | 48.27B | 45.89B |
| Total Liabilities | 718.70B | 698.11B | 667.07B | 589.80B | 491.15B | 488.62B |
| Stockholders Equity | 561.28B | 571.03B | 589.26B | 585.75B | 610.38B | 590.54B |
Cash Flow | ||||||
| Free Cash Flow | 33.55B | 34.62B | -7.26B | 32.38B | 54.52B | 11.24B |
| Operating Cash Flow | 62.93B | 72.22B | 47.73B | 64.33B | 89.95B | 52.02B |
| Investing Cash Flow | -1.14B | -7.26B | -43.87B | -22.43B | -49.42B | -58.94B |
| Financing Cash Flow | -13.38B | -37.09B | 8.94B | -30.78B | -38.62B | -54.46B |
Yamato Holdings Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥392.64B | 16.78 | 5.73% | 3.84% | 10.25% | 36.09% | |
73 Outperform | ¥124.12B | 13.94 | ― | 3.29% | 3.07% | -0.81% | |
65 Neutral | ¥23.80B | 10.56 | ― | 2.82% | 2.71% | -5.60% | |
64 Neutral | ¥5.78B | 7.48 | ― | 1.62% | 8.05% | 48.47% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥232.25B | 16.05 | 4.87% | 1.66% | 5.32% | 70.20% | |
49 Neutral | ¥709.73B | 47.72 | 2.41% | 2.22% | 5.84% | -61.33% |
* Industrials Sector Average
JP:9064
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Yamato Holdings Co Corporate Events
Yamato Holdings Posts Q1 Loss but Sticks to Dividend and Sees Full-Year Profit
Aug 3, 2026
Yamato Holdings reported a slight 1.4% year-on-year increase in operating revenue to ¥443.3 billion for the first quarter ended June 30, 2026, but remained in the red with an operating loss of ¥4.9 billion and a net loss attributable to ...
Yamato Holdings Sets Up Corporate Value Enhancement Committee to Bolster Governance
Jul 16, 2026
Yamato Holdings has created a new Corporate Value Enhancement Committee to support sustainable growth and maximize medium- to long-term corporate value amid rapid industry change. The committee blends the perspectives of outside directors with tho...
Yamato Sells Credit Subsidiary to Nojima Unit, Books One-Off Loss to Strengthen Balance Sheet
May 14, 2026
Yamato Holdings will transfer its 70% stake in consolidated subsidiary Yamato Credit Finance to NJM5 Corporation, a wholly owned unit of electronics retailer Nojima Corporation, removing YCF from its consolidation scope. The move reflects Yamato&...
Yamato to Divest Credit Unit, Take One-Off Loss to Bolster Core Logistics
May 14, 2026
Yamato Holdings will transfer its entire 70% stake in consolidated subsidiary Yamato Credit Finance to NJM5 Corporation, a wholly owned unit of electronics retailer Nojima, resulting in YCF’s exclusion from the group’s consolidated sc...
Yamato Holdings to Shift Director Pay to New Performance‑Linked Restricted Stock Plan
May 13, 2026
Yamato Holdings will introduce a performance‑linked post‑delivery restricted stock compensation plan for its internal directors, replacing its existing Board Benefit Trust scheme without materially changing overall pay levels or increa...
Yamato Holdings Overhauls Board, Promotes Sakurai to Top Post
May 13, 2026
Yamato Holdings has announced a series of board changes effective June 19, 2026, including the promotion of Executive Officer and President Toshiyuki Sakurai to Representative Director, Executive Officer and President, and the appointment of Yamat...
Yamato Holdings Maintains Annual Dividend at 46 Yen Per Share for FY2026
May 13, 2026
Yamato Holdings has approved a year-end dividend of 23 yen per share for the fiscal year ended March 31, 2026, matching its previously announced forecast and the prior year’s payout. The total year-end distribution will amount to 7,294 milli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.