Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
857
¥ million (year-on-year decrease in revenue)Wording
Definitive
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥59,617 million-1.4%
Operating profit¥3,581 million-13.3%
Ordinary income¥3,897 million-11.5%
Net income¥2,556 million-29.7%
Gross Profit MarginNot disclosed (gross profit was ¥13,692 million, up ¥450 million year on year; no margin was provided)
Operating profit margin6.0%, down 0.8 percentage points year on year
Full-year earnings forecast
Fiscal year ending March 2026
Net Sales
¥62,000 million
Operating profit
¥3,700 million
Ordinary income
¥3,800 million
Net income for the current fiscal year
¥2,500 million
Annual Dividend
¥100
Fiscal year ending March 2027
Net Sales
¥65,000 million
Operating profit
¥4,000 million
Ordinary income
¥4,200 million
Net income for the current fiscal year
¥2,700 million
ROE
7 %
Annual Dividend
¥105
DOE
4 %
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。Not disclosed (the comparison with the forecast is provided, but not as a percentage of progress against the forecast)
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Logistics Solutions Business: large-scale projects paused. Plant Business: acquisition of multiyear contracts and other factors. Mirai Creation Business: revenue contribution from M&A and a partial decline following the initial increase. On the balance sheet, cash and deposits increased by ¥620 million, notes and accounts receivable—trade and contract assets decreased by ¥3,039 million, and short-term borrowings decreased by ¥1,732 million, among other changes.
New initiatives
Operating the business with research and development expenses factored in, and recording expenses associated with the transition to a holding company structure.Key KPIsA metric the company considers important as a management benchmark.
- ROE6.5 %Year on year against the same period last year-3.0%
- Equity ratio58 %Year on year against the same period last year+0.3%
- EPS¥164.52Year on year against the same period last year-30.9%
- BPS¥2,585.25Year on year against the same period last year+2.8%
- PER16.73 timesYear on year against the same period last year+115.6%
- PBR1.06 timesYear on year against the same period last year+45.2%
- DOE4 %Year on year against the same period last year-0.8%
- Payout ratio62.6 %Year on year against the same period last year+12.6%
Segment results
Logistics Solutions business
Net Sales
¥34,957 million-7.5%
Segment profit
¥3,425 million-8.0%
Plant business
Net Sales
¥12,802 million+2.5%
Segment profit
¥1,002 million+11.1%
Mirai Creation business
Net Sales
¥11,622 million+17.6%
Segment profit
¥466 million-46.6%
Other
Net Sales
¥641 million+4.6%
Segment profit
¥162 million-6.9%
Medium-term management plan targets
The presentation only states that revenue and profit are expected to increase in line with the medium-term management plan. Specific targets and target years for the medium-term management plan are not disclosed.Financial targets
ROE: 6.5% actual for the fiscal year ending March 2026 and 7% forecast for the fiscal year ending March 2027. The company states that it aims to achieve a PBR above 1x.Orders received and order backlog
Logistics Solutions business
Orders received¥35,860 million
Order backlog¥34,447 million
Plant business
Orders received¥12,734 million
Order backlog¥11,634 million
Total
Orders received¥48,595 million
Order backlog¥46,082 million
Annual Dividend
¥103.0 per share actual for the fiscal year ending March 2026 (the interim and year-end breakdown is not disclosed). ¥105 per share forecast for the fiscal year ending March 2027.Payout ratio
62.6% for the fiscal year ending March 2026. Total payout ratio is not disclosed. DOE was 4.0% for the fiscal year ending March 2026 and is forecast at 4.0% for the fiscal year ending March 2027.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥59,617 million (YoY -1.4%) |
| Operating profit | ¥3,581 million (YoY -13.3%) |
| Ordinary income | ¥3,897 million (YoY -11.5%) |
| Net income | ¥2,556 million (YoY -29.7%) |
| Gross Profit Margin | Not disclosed (gross profit was ¥13,692 million, up ¥450 million year on year; no margin was provided) |
| Operating profit margin | 6.0%, down 0.8 percentage points year on year |
| Full-year earnings forecast | Fiscal year ending March 2026 Net Sales ¥62,000 million / Operating profit ¥3,700 million / Ordinary income ¥3,800 million / Net income for the current fiscal year ¥2,500 million / Annual Dividend ¥100 / Fiscal year ending March 2027 Net Sales ¥65,000 million / Operating profit ¥4,000 million / Ordinary income ¥4,200 million / Net income for the current fiscal year ¥2,700 million / ROE 7 % / Annual Dividend ¥105 / DOE 4 % |
| Progress against full-year forecast | Not disclosed (the comparison with the forecast is provided, but not as a percentage of progress against the forecast) |
| Segment results | Logistics Solutions business Net Sales ¥34,957 million (YoY -7.5%) / Segment profit ¥3,425 million (YoY -8.0%) / Plant business Net Sales ¥12,802 million (YoY +2.5%) / Segment profit ¥1,002 million (YoY +11.1%) / Mirai Creation business Net Sales ¥11,622 million (YoY +17.6%) / Segment profit ¥466 million (YoY -46.6%) / Other Net Sales ¥641 million (YoY +4.6%) / Segment profit ¥162 million (YoY -6.9%) |
| Breakdown of Factors Affecting the Change | Logistics Solutions Business: large-scale projects paused. Plant Business: acquisition of multiyear contracts and other factors. Mirai Creation Business: revenue contribution from M&A and a partial decline following the initial increase. On the balance sheet, cash and deposits increased by ¥620 million, notes and accounts receivable—trade and contract assets decreased by ¥3,039 million, and short-term borrowings decreased by ¥1,732 million, among other changes. |
| Key KPIs | Indicator name ROE / Value 6.5 % / Year on year against the same period last year -3 %, Indicator name Equity ratio / Value 58 % / Year on year against the same period last year 0.3 %, Indicator name EPS / Value ¥164.52 / Year on year against the same period last year ¥-30.9, Indicator name BPS / Value ¥2,585.25 / Year on year against the same period last year ¥2.8, Indicator name PER / Value 16.73 times / Year on year against the same period last year 115.6 times, Indicator name PBR / Value 1.06 times / Year on year against the same period last year 45.2 times, Indicator name DOE / Value 4 % / Year on year against the same period last year -0.8 %, Indicator name Payout ratio / Value 62.6 % / Year on year against the same period last year 12.6 % |
| Medium-term management plan targets | The presentation only states that revenue and profit are expected to increase in line with the medium-term management plan. Specific targets and target years for the medium-term management plan are not disclosed. |
| Financial targets | ROE: 6.5% actual for the fiscal year ending March 2026 and 7% forecast for the fiscal year ending March 2027. The company states that it aims to achieve a PBR above 1x. |
| Annual Dividend | ¥103.0 per share actual for the fiscal year ending March 2026 (the interim and year-end breakdown is not disclosed). ¥105 per share forecast for the fiscal year ending March 2027. |
| Payout ratio | 62.6% for the fiscal year ending March 2026. Total payout ratio is not disclosed. DOE was 4.0% for the fiscal year ending March 2026 and is forecast at 4.0% for the fiscal year ending March 2027. |
| Orders received and order backlog | Logistics Solutions business Orders received ¥35,860 million / Order backlog ¥34,447 million / Plant business Orders received ¥12,734 million / Order backlog ¥11,634 million / Total Orders received ¥48,595 million / Order backlog ¥46,082 million |
| New initiatives | Operating the business with research and development expenses factored in, and recording expenses associated with the transition to a holding company structure. |
Items this document does not state (12)
Selling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresMarket 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 Solutions Business, large-scale projects paused. In the Mirai Creation Business, M&A contributed to revenue, but some of that contribution was offset by a decline following the initial increase. Although the review of costs improved profitability, profit declined because personnel and other expenses increased.
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.