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What Yamato Holdings (TSE:9064)'s Thai Delivery Partnership Exit Means For Shareholders

Simply Wall St · 1d ago
  • In recent news, SCG exited its delivery venture with Yamato Holdings, winding down a partnership that had supported Yamato’s logistics operations in Thailand and the wider region.
  • This withdrawal highlights how changes in key local partners can reshape Yamato’s operating footprint and influence how investors assess its logistics network resilience.
  • We’ll now examine how SCG’s exit from the delivery partnership could influence Yamato Holdings’ investment narrative, particularly around operational efficiency and partnerships.

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What Is Yamato Holdings' Investment Narrative?

To own Yamato Holdings, you need to believe in its core parcel network in Japan, modest revenue growth guidance of ¥1,880,000 million, and management’s ability to turn that scale into steadier profits after a year flattered by a very large one-off gain. Near term, the key catalysts are whether the new leadership bedded in over the past couple of years can lift operating margins beyond the currently low 2.4% net margin and deliver on FY2026 profit targets of ¥24,000 million and basic EPS of ¥75.66. SCG’s exit from the Thailand venture looks more like a trim at the edges than a shift in the central story, but it does refocus attention on partnership quality and execution risk outside Japan, where Yamato is still testing how far its brand and model really travel.

However, the combination of low free cash flow cover for dividends and a new management team is something investors should be aware of. Yamato Holdings' shares have been on the rise but are still potentially undervalued by 11%. Find out what it's worth.

Exploring Other Perspectives

TSE:9064 1-Year Stock Price Chart
TSE:9064 1-Year Stock Price Chart

The Simply Wall St Community currently has 1 fair value estimate at ¥2,391, giving one clear marker for discussion rather than a broad spread. Set against the company’s reliance on improving margins and maintaining resilient partnerships after SCG’s exit, this single community view underlines how important it is to compare different frameworks before deciding how Yamato’s performance could evolve.

Explore another fair value estimate on Yamato Holdings - why the stock might be worth as much as 10% more than the current price!

Build Your Own Yamato Holdings Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.