YAMATO HOLDINGS CO., LTD.
9064・Prime Market・Land Transportation
Express Business
Core domestic delivery business centered on TA-Q-BIN, accounting for approximately 83% of group sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating revenue from external customers (full year) | ¥1,557,978 million | ¥1,534,710 million | ↑ |
| Segment income (full year) | ¥2,299 million | △¥12,899 million | ↑ |
| TA-Q-BIN / TA-Q-BIN Compact / EAZY volume handled (full year) | 1,941 million pieces | 1,961 million pieces | ↓ |
| Neko Pos / Kuroneko Yu-Packet volume handled (full year) | 451 million pieces | 391 million pieces | ↑ |
| Kuroneko Yu-Mail volume handled (full year) | 95 million pieces | 110 million pieces | ↓ |
| Segment assets | ¥970,538 million | ¥963,280 million | ↑ |
Business Details
Provides domestic transportation and delivery services centered on TA-Q-BIN / TA-Q-BIN Compact / EAZY to individual and corporate customers. The main company is Yamato Transport Co., Ltd. The business is structured around two axes: the TA-Q-BIN Division (small-lot corporate and individual customers) and the Corporate Division (large corporate customers), and is advancing pricing optimization, network resilience, and pickup/delivery center relocation. In FY2026 (ending March 2026), operating revenue from external customers was ¥1,557,978 million, up 1.5% year on year, and operating income turned positive at ¥2,299 million.
Recent Overview
Rate revisions and pricing optimization succeeded, returning to operating profit for the first time in two fiscal years.
In FY2026 (ending March 2026), operating revenue from external customers was ¥1,557,978 million (up 1.5% year on year), and operating income improved significantly to ¥2,299 million, turning positive from △¥12,899 million in the prior period. This was mainly due to progress on the freight rate revision filed in October 2025 and pricing optimization in the Corporate Division. Meanwhile, volume handled for TA-Q-BIN / TA-Q-BIN Compact / EAZY declined slightly to 1,941 million pieces (down 1.0% year on year), while Neko Pos / Kuroneko Yu-Packet grew strongly to 451 million pieces (up 15.4% year on year). In the transportation area, cost optimization also contributed through the switch to a relay system and promotion of modal shift.
Key Products
Growth Drivers
- Transformation of the revenue structure through the freight rate revision filed in October 2025 and pricing optimization in the Corporate Division
- Expansion of TA-Q-BIN volume handled from small-lot corporate and individual customers
- Capturing e-commerce demand through increased volume of Neko Pos / Kuroneko Yu-Packet (up 15.4% year on year)
- Expansion of value provided through the TA-Q-BIN Same-Day Delivery Service and new intra-prefecture rates
- Optimization of operating costs through promotion of the relay system and modal shift in the transportation area
- Improvement of last-mile productivity through relocation of pickup/delivery centers and expansion of Neko Support
- Reduction of redelivery and improved logistics efficiency through expanded provision of leave-at-doorstep delivery service
Risks
- Risk that stagnant personal consumption due to price increases and declining real wages leads to sluggish parcel volume
- Risk that volume handled from large corporate customers falls below expectations
- Cost increase pressure from continued rises in hourly wages and partner subcontracting rates
- Rising operating costs from lower transportation efficiency (deteriorating load factor accompanying declining volume handled)
- Growing difficulty securing pickup, delivery, and sorting personnel amid worsening labor shortages
- Changes in the revenue structure due to declining mail-slot service revenue such as Kuroneko Yu-Mail (down 13.6% year on year)
- Rising procurement costs due to surging energy and raw material prices
Last updated: June 12, 2026