UBS keeps Sell rating for Yamato Holdings stock at JPY 1,700

Published on 10/25/2026 at 02:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yamato reported JPY 443.33 billion in first-quarter revenue. Yamato Holdings stock faces second-quarter results on October 30, 2026.

Results and analyst view

UBS maintained its Sell rating and set a JPY 1,700 target on October 16, 2026.
First-quarter revenue reached JPY 443.33 billion, while net income was a JPY 5.887 billion loss.
Yamato is scheduled to announce second-quarter results on October 30, 2026.

Yamato, JP3940000007, Illustration mit AI erstellt.

UBS maintained a Sell rating on Yamato Holdings and set a JPY 1,700 price target on October 16, 2026, according to Markets Insider. The call puts profitability and cost control ahead of parcel-volume growth in the investor debate.

Quarterly revenue rose to JPY 443.33 billion

Investing.com reported that Yamato generated JPY 443.332 billion in revenue in the first quarter of fiscal 2027, up from JPY 426.919 billion in the preceding quarter. Net income was a JPY 5.887 billion loss, compared with a JPY 11.526 billion loss in the preceding quarter.

The figures show higher sales alongside a smaller loss, but the operating result remained negative at JPY 4.871 billion in the first quarter. The company has linked its current strategy to cost optimization and network efficiency.

Three dated steps shape the logistics reset

On August 3, 2026, Yamato reported first-quarter revenue of JPY 443.332 billion and a JPY 4.871 billion operating loss. On September 3, 2026, Yamato and Japan Airlines announced that dedicated domestic freighter operations would end by June 2027, with passenger-flight cargo capacity used as an alternative, as LNEWS reported. On October 16, 2026, UBS maintained its Sell rating and set a JPY 1,700 target, according to Markets Insider.

What does the target imply for valuation?

Yamato last stood at JPY 2,050.50 on the Tokyo Stock Exchange on October 23, 2026 at 3:30 p.m. JST. The UBS target lies 17.09 percent below that price, making the gap a concrete test of whether the planned cost measures can improve returns before the next results.

Results arrive on October 30

Yamato's investor-relations calendar lists October 30, 2026 for the second-quarter fiscal 2026 results, while the dedicated freighter transition is scheduled to run through June 2027, according to the company calendar and Yamato Holdings. The upcoming report should clarify whether revenue growth is translating into lower operating losses.