Worth reading
74In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
20.4
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending December 2026, third quarter8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥438,543 millions+20.4%
Operating profit¥22,939 millions+32.5%
Ordinary income¥22,941 millions+32.2%
Net income¥13,745 millions+42.9%
Operating profit margin
Rate5.2
Year-on-year change (points)0.4
Full-year earnings forecast
Net Sales
¥580,000 millions
Operating profit
¥26,500 millions
Ordinary income
¥26,000 millions
Profit attributable to owners of the parent
¥14,500 millions
Earnings per share
¥365.08
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
3PL Revenue75.8
International Logistics Revenue78.9
E-commerce Logistics Revenue73.5
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress exceeding the upwardly revised plan / Profitability improvements are progressing ahead of planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesNew customer expansion, new consolidations, changes in existing customer volumes, appropriate pricing, real estate securitization and other rental businesses, shown with amounts
Operating profitAppropriate pricing, new customer expansion, improved profitability at unprofitable locations, new consolidations, changes in existing customer volumes, opening of new offices, relocation costs and real estate securitization, shown with amounts
New initiatives
- Acquisition of all issued shares of Mitsubishi Chemical Logistics Corporation (scheduled for April 2027)
- Expanding the logistics business portfolio by grouping the chemicals and hazardous materials logistics operations
Key KPIsA metric the company considers important as a management benchmark.
- 3PL Revenue¥2,755 100 millionYear on year against the same period last year+¥73.1 billion
- Logistics Operating Margin3.1 %Year on year against the same period last yearImproved from 2.6% in fiscal 2025
- 2030 target operating margin for the logistics business4.5 %
- Vacant warehouse floor space23,614 tsubo
- Warehouse vacancy rate1.87 %Year on year against the same period last year1.66% in fiscal 2025
Segment results
Logistics
Net Sales
¥409,775 millions+21.2%
Operating profit
¥12,824 millions+55.4%
Real Estate
Net Sales
¥19,669 millions+5.4%
Operating profit
¥9,364 millions+3.7%
Other
Net Sales
¥9,098 millions+18.8%
Operating profit
¥681 millions+50.8%
Medium-term management plan targets
Plan nameHarmonized Growth 2030
Target fiscal yearFY2030
Consolidated revenue
¥7,000 100 million
Logistics Operating Margin
4.5 %
Financial targets
ROE
FY2025 Results12.7 %
FY2026 Forecast14.1 %
Number of employees
Mitsubishi Chemical Logistics
1,422 People
As of31 March 2026
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending December 2026, third quarter |
| Net Sales | ¥438,543 millions (YoY +20.4%) |
| Operating profit | ¥22,939 millions (YoY +32.5%) |
| Ordinary income | ¥22,941 millions (YoY +32.2%) |
| Net income | ¥13,745 millions (YoY +42.9%) |
| Operating profit margin | Rate 5.2 / Year-on-year change (points) 0.4 |
| Full-year earnings forecast | Net Sales ¥580,000 millions / Operating profit ¥26,500 millions / Ordinary income ¥26,000 millions / Profit attributable to owners of the parent ¥14,500 millions / Earnings per share ¥365.08 |
| Progress against full-year forecast | 3PL Revenue 75.8 / International Logistics Revenue 78.9 / E-commerce Logistics Revenue 73.5 |
| Self-assessment against the plan | Progress exceeding the upwardly revised plan / Profitability improvements are progressing ahead of plan |
| Segment results | Logistics Net Sales ¥409,775 millions (YoY +21.2%) / Operating profit ¥12,824 millions (YoY +55.4%) / Real Estate Net Sales ¥19,669 millions (YoY +5.4%) / Operating profit ¥9,364 millions (YoY +3.7%) / Other Net Sales ¥9,098 millions (YoY +18.8%) / Operating profit ¥681 millions (YoY +50.8%) |
| Breakdown of Factors Affecting the Change | Net Sales New customer expansion, new consolidations, changes in existing customer volumes, appropriate pricing, real estate securitization and other rental businesses, shown with amounts / Operating profit Appropriate pricing, new customer expansion, improved profitability at unprofitable locations, new consolidations, changes in existing customer volumes, opening of new offices, relocation costs and real estate securitization, shown with amounts |
| Key KPIs | Indicator name 3PL Revenue / Value ¥2,755 100 million / Year on year against the same period last year +¥73.1 billion, Indicator name Logistics Operating Margin / Value 3.1 % / Year on year against the same period last year Improved from 2.6% in fiscal 2025, Indicator name 2030 target operating margin for the logistics business / Value 4.5 % / Year on year against the same period last year Not disclosed, Indicator name Vacant warehouse floor space / Value 23,614 tsubo / Year on year against the same period last year Not disclosed, Indicator name Warehouse vacancy rate / Value 1.87 % / Year on year against the same period last year 1.66% in fiscal 2025 |
| Number of employees | Mitsubishi Chemical Logistics 1,422 People |
| Medium-term management plan targets | Plan name Harmonized Growth 2030 / Target fiscal year FY2030 / Consolidated revenue ¥7,000 100 million / Logistics Operating Margin 4.5 % |
| Financial targets | ROE FY2025 Results 12.7 % / FY2026 Forecast 14.1 % |
| New initiatives | Acquisition of all issued shares of Mitsubishi Chemical Logistics Corporation (scheduled for April 2027), Expanding the logistics business portfolio by grouping the chemicals and hazardous materials logistics operations |
Items this document does not state (14)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In the logistics business, progress was made in acquiring new 3PL customers, increasing volumes from existing customers, new consolidations, appropriate pricing and improving the profitability of unprofitable locations. In the real estate business, the scale of real estate securitization expanded.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.