Japan’s Yamato Small Package Volumes for July

Following is a table showing Yamato Holdings Co. Ltd’s operating statistics for package volumes and letters.

===============================================================================
                        July    June     May   April   March    Feb.    Jan.
                        2014    2014    2014    2014    2014    2014    2014
===============================================================================
                    -------------------------YoY% Change----------------------
Small Parcels*         -5.4%   -4.1%   -4.6%   -7.5%    5.7%    3.3%    5.3%
 Takkyubin             -2.0%    2.1%   -1.6%   -0.6%   19.8%   10.7%   15.3%
 Kuroneko Mail         -8.7%   -8.4%   -6.7%  -12.3%   -3.8%   -1.1%   -0.8%
                    --------------------Package Volume (mlns)------------------
Small Parcels*         317.5   299.1   292.2   272.5   317.3   284.7   292.8
 Takkyubin             162.5   130.3   124.1   119.9   143.9   116.0   121.5
 Kuroneko Mail         155.0   168.8   168.1   152.6   173.5   168.7   171.3
                    -------------------3-month average change*-----------------
Small Parcels*          5.2%   -2.1%    0.9%   -2.3%   -5.8%   -4.4%   -3.3%
 Takkyubin             11.4%   -3.5%    2.1%   -0.4%  -15.9%   -5.4%   -2.2%
 Kuroneko Mail          0.5%   -0.9%   -0.1%   -3.6%    3.3%   -3.5%   -4.3%
===============================================================================

*Calculated by Bloomberg News

From July 2011, small parcel figure disclosure was discontinued

by Yamato. Bloomberg News maintained calculations from then on.

3-mth avg change: Average of most recent three months compared

with prior most recent three month period.

Note: Takkyubin consists of packages and boxes.

Kuroneko Mail consists of documents and letters.

Source: Yamato Holding Co. Ltd.

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