Yamato Holdings to sell assets, boost profit forecast

** Yamato Holdings (TSE: 9064) announced today it will sell and lease back several prime real estate assets in Tokyo, including its headquarters building in Ginza, to bolster its balance sheet and free up capital for strategic investments. This move is part of the company's medium-term plan, "Sustainability Transformation 2030," aimed at reinforcing its TA-Q-BIN network and diversifying its business portfolio. The asset sales are expected to generate approximately ¥45 billion, which will be channeled into strengthening the TA-Q-BIN network, expanding the Corporate Business, and potentially funding share buybacks. As a result of this transaction, Yamato Holdings anticipates booking an extraordinary income of ¥24.2 billion in the fiscal year ending March 31, 2025. This positive development has prompted the company to revise its consolidated earnings forecast, now projecting a net profit attributable to owners of the parent of ¥36 billion, a substantial increase from the previous forecast of ¥18 billion. While the properties will change ownership, Yamato Holdings will continue to occupy them under long-term lease agreements, ensuring operational continuity.