Worth reading
72In 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
540
¥ million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFull fiscal year ended August 2026 (FY48)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,631 million+1.8%
Operating profit¥818 million+194.8%
Ordinary income¥1,190 million+58.8%
Net income¥753 million+124.1%
Gross Profit Margin33
Operating profit margin5.2
Selling, general and administrative expenses¥4,336 million
Results for the three months of the current quarter
Net Sales
¥3,979 million+4.5%
Revenue by segmentRental: ¥2,690 million; Sales: ¥873 million; Innovation: ¥255 million; Other: ¥161 million
Full-year earnings forecast
Fiscal year ending August 2027
Net Sales
¥15,700 million
Operating profit
¥330 million
Ordinary income
¥600 million
Net income
¥400 million
EBITDA
¥3,734 million
Capital expenditures
¥2,251 million
Research and development costs
¥48 million
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。
Actual results as a percentage of forecast for the fiscal year ending August 2026
Rental revenue101.6
Sales Revenue93.2
Total Logistics Business Revenue99.4
Innovation Revenue100.3
Other sales128.3
Total Solutions Business Revenue108.3
Company-wide sales100.2
Overseas Revenue127.5
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Innovation was in line with the revised budget. Sales were below the revised budget due to customers deferring purchases.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-Year Change in Ordinary Profit
Gross profit516
Entertainment, travel and transportation, and advertising expenses-79
Personnel Expenses-30
Fees paid-100
Research and development costs74
Other SG&A expenses59
Non-Operating Income and Expenses-100
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Number of Pallets Held at Period-End
547 10,000 passes
U Smartphone Fleet Management Revenue for the fiscal year ending August 2027
¥40 million
Launch of Pallet Loss Prevention Consulting ServicePlanned to launch in November 2026
New initiatives
- A pallet loss-prevention consulting service is scheduled to launch in November 2026
- Expansion of sales and addition of features for the U Smartphone fleet management service
- Addition of features to the location information service
- Consolidation of depots in western Japan
- Consideration of strategic alliances and M&A involving external resources
- Establishment of a next-generation HR system and data-driven management infrastructure
Key KPIsA metric the company considers important as a management benchmark.
- EBITDA¥3,968 millionYear on year against the same period last year+5.1%
- Overseas revenue¥1,164 millionYear on year against the same period last year+27.0%
- Overseas rental revenueYear on year against the same period last year+18.7%
- Number of rental pallets held540 10,000 passes
- Rental revenue from spot-rental palletsYear on year against the same period last year-1.8%
- Rental revenue from one-way palletizationYear on year against the same period last year+8.1%
Segment results
Logistics
Rental revenue
¥10,651 million+2.7%
Sales Revenue
¥3,437 million+0.6%
Total
¥14,089 million+2.1%
Solutions Business
Innovation Revenue
¥1,019 million-5.9%
Other sales
¥522 million+9.8%
Total
¥1,542 million-1.1%
Medium-term management plan targets
Medium-Term Vision 2030
EBITDASustained growth
ROEAt least 10% by 2030
Financial targets
ROE target10% or higher by 2030
ROE for the fiscal year ending August 20267.99
ROE for the fiscal year ending August 2027Expected to be in the 4% range
Market Size / Share
Domestic Pallet Market Circulation Volume
5 100 million prescriptions
Total Pallets Held by the Rental Pallet Industry
3,200 10,000 passes
Rental Penetration Rate
6 %
Ministry of Land, Infrastructure, Transport and Tourism 2030 KPI
5,000 10,000 passes
Capital expenditures
¥3,640 million
Annual Dividend
Annual Dividend for the fiscal year ending August 2027
¥38 per share
Year-end dividend
¥38 per share
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Full fiscal year ended August 2026 (FY48) |
| Net Sales | ¥15,631 million (YoY +1.8%) |
| Operating profit | ¥818 million (YoY +194.8%) |
| Ordinary income | ¥1,190 million (YoY +58.8%) |
| Net income | ¥753 million (YoY +124.1%) |
| Gross Profit Margin | 33 |
| Operating profit margin | 5.2 |
| Selling, general and administrative expenses | ¥4,336 million |
| Results for the three months of the current quarter | Net Sales ¥3,979 million (YoY +4.5%) / Revenue by segment Rental: ¥2,690 million; Sales: ¥873 million; Innovation: ¥255 million; Other: ¥161 million |
| Full-year earnings forecast | Subject Fiscal year ending August 2027 / Net Sales ¥15,700 million / Operating profit ¥330 million / Ordinary income ¥600 million / Net income ¥400 million / EBITDA ¥3,734 million / Capital expenditures ¥2,251 million / Research and development costs ¥48 million |
| Progress against full-year forecast | Actual results as a percentage of forecast for the fiscal year ending August 2026 Rental revenue 101.6 / Sales Revenue 93.2 / Total Logistics Business Revenue 99.4 / Innovation Revenue 100.3 / Other sales 128.3 / Total Solutions Business Revenue 108.3 / Company-wide sales 100.2 / Overseas Revenue 127.5 |
| Self-assessment against the plan | Innovation was in line with the revised budget. Sales were below the revised budget due to customers deferring purchases. |
| Segment results | Logistics Rental revenue ¥10,651 million (YoY +2.7%) / Sales Revenue ¥3,437 million (YoY +0.6%) / Total ¥14,089 million (YoY +2.1%) / Solutions Business Innovation Revenue ¥1,019 million (YoY -5.9%) / Other sales ¥522 million (YoY +9.8%) / Total ¥1,542 million (YoY -1.1%) |
| Breakdown of Factors Affecting the Change | Year-on-Year Change in Ordinary Profit Gross profit 516 / Entertainment, travel and transportation, and advertising expenses -79 / Personnel Expenses -30 / Fees paid -100 / Research and development costs 74 / Other SG&A expenses 59 / Non-Operating Income and Expenses -100 |
| Key KPIs | Indicator name EBITDA / Value ¥3,968 million / Year on year against the same period last year ¥5.1 million, Indicator name Overseas revenue / Value ¥1,164 million / Year on year against the same period last year ¥27 million, Indicator name Overseas rental revenue / Value Not disclosed / Year on year against the same period last year 18.7, Indicator name Number of rental pallets held / Value 540 10,000 passes / Year on year against the same period last year Not disclosed, Indicator name Rental revenue from spot-rental pallets / Value Not disclosed / Year on year against the same period last year -1.8, Indicator name Rental revenue from one-way palletization / Value Not disclosed / Year on year against the same period last year 8.1 |
| Assumptions Underlying the Business Outlook | Number of Pallets Held at Period-End 547 10,000 passes / U Smartphone Fleet Management Revenue for the fiscal year ending August 2027 ¥40 million / Launch of Pallet Loss Prevention Consulting Service Planned to launch in November 2026 |
| Medium-term management plan targets | Medium-Term Vision 2030 EBITDA Sustained growth / ROE At least 10% by 2030 |
| Financial targets | ROE target 10% or higher by 2030 / ROE for the fiscal year ending August 2026 7.99 / ROE for the fiscal year ending August 2027 Expected to be in the 4% range |
| Annual Dividend | Annual Dividend for the fiscal year ending August 2027 ¥38 per share / Interim Dividend Not disclosed / Year-end dividend ¥38 per share |
| Capital expenditures | ¥3,640 million |
| Market Size / Share | Domestic Pallet Market Circulation Volume 5 100 million prescriptions / Total Pallets Held by the Rental Pallet Industry 3,200 10,000 passes / Rental Penetration Rate 6 % / Ministry of Land, Infrastructure, Transport and Tourism 2030 KPI 5,000 10,000 passes |
| New initiatives | A pallet loss-prevention consulting service is scheduled to launch in November 2026, Expansion of sales and addition of features for the U Smartphone fleet management service, Addition of features to the location information service, Consolidation of depots in western Japan, Consideration of strategic alliances and M&A involving external resources, Establishment of a next-generation HR system and data-driven management infrastructure |
Items this document does not state (8)
Unit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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.For the fiscal year ended August 2026, the ¥516 million increase in gross profit and ¥24 million decrease in selling, general and administrative expenses contributed to the increase in operating income. Gross profit was affected by higher revenue as well as depreciation and amortization associated with pallet purchases, depot integration operating expenses, transportation costs, and impairment losses on assist suits. The impact of extending the useful life of pallets by one year is also included.
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.