Worth reading
35Immaterial
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
7.7
% (year-on-year change in operating revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales460,532¥ millionYear on year +7.7%Progress 25.0%
Operating profit23,134¥ millionYear on year +5.2%Progress 25.7%
Ordinary income21,090¥ millionYear on year +1.8%Progress 25.7%
Net income attributable to owners of the parent11,758¥ millionYear on year +9.1%Progress 25.0%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥61.84
Financial position at period-end
Total assets2,607,466¥ million
of which net assets 675,527 ¥ millionEquity ratio 23.8%vs. prior year-end +0.2pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Segment revenueTransportation ¥57,707 million (YoY +0.1%), Real Estate ¥41,194 million (YoY -1.9%), International logistics ¥216,886 million (YoY +18.7%), Distribution ¥54,254 million (YoY -0.6%), Hotels and Leisure ¥90,743 million (YoY -0.6%), Other ¥12,851 million (YoY +1.4%)
Segment profitTransportation ¥8,203 million (YoY -18.2%), Real Estate ¥4,912 million (YoY +8.4%), International logistics ¥4,451 million (YoY +585.9%), Distribution ¥2,297 million (YoY +37.5%), Hotels and Leisure ¥2,282 million (YoY -48.4%), Other ¥1,143 million (YoY +7.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,840,000 million (YoY +5.1%)
Operating profit¥90,000 million (YoY +0.6%)
Ordinary income¥82,000 million (YoY -3.0%)
Net income¥47,000 million (YoY -12.6%)
Annual Dividend Forecast¥60 → ¥70
Factors Behind Changes in Business Performance
Tourism demand to the Ise-Shima area remained strong in the transportation business, while the retail business focused on attracting customers through department-store renovations and events. The international logistics business reported higher revenue due to increased cargo volumes and higher selling prices. Operating income increased 5.2% year on year, ordinary income increased 1.8% despite higher interest expenses resulting from rising interest rates and other factors, and net income attributable to owners of the parent increased 9.1% due in part to the recognition of gains on the sale of non-current assets.
Disclosure regarding the going concern assumption
Not applicable (no matters to report in the notes on the going concern assumption)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Impairment loss¥18 million
Breakdown of extraordinary income (loss)Extraordinary income Contributions received for construction, etc. ¥644 million, Gain on sale of non-current assets ¥1,493 million, Gain on sale of investment securities ¥59 million, Other ¥23 million / Extraordinary loss Reduction in acquisition cost from construction contributions, etc. ¥606 million, Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥305 million, Impairment Losses ¥18 million, Loss on liquidation of subsidiary ¥251 million, Loss on closure of stores －, Other ¥167 million
Depreciation and amortization¥20,547 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End190,662,061 Shares
Treasury Shares at Period-End516,450 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥460,532 million (YoY +7.7%) |
| Operating profit | ¥23,134 million (YoY +5.2%) |
| Ordinary income | ¥21,090 million (YoY +1.8%) |
| Profit attributable to owners of the parent | ¥11,758 million (YoY +9.1%) |
| Net income per share | ¥61.84 |
| Equity ratio | End of the current fiscal period 23.8 / End of previous period 23.6 |
| Total assets | ¥2,607,466 million |
| Net assets | ¥675,527 million |
| Full-year earnings forecast | Net Sales ¥1,840,000 million (YoY +5.1%) / Operating profit ¥90,000 million (YoY +0.6%) / Ordinary income ¥82,000 million (YoY -3.0%) / Net income ¥47,000 million (YoY -12.6%) |
| Annual Dividend Forecast | ¥60 → ¥70 |
| Segment revenue | Transportation ¥57,707 million (YoY +0.1%), Real Estate ¥41,194 million (YoY -1.9%), International logistics ¥216,886 million (YoY +18.7%), Distribution ¥54,254 million (YoY -0.6%), Hotels and Leisure ¥90,743 million (YoY -0.6%), Other ¥12,851 million (YoY +1.4%) |
| Segment profit | Transportation ¥8,203 million (YoY -18.2%), Real Estate ¥4,912 million (YoY +8.4%), International logistics ¥4,451 million (YoY +585.9%), Distribution ¥2,297 million (YoY +37.5%), Hotels and Leisure ¥2,282 million (YoY -48.4%), Other ¥1,143 million (YoY +7.8%) |
| Depreciation and amortization | ¥20,547 million |
| Impairment loss | ¥18 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Contributions received for construction, etc. ¥644 million, Gain on sale of non-current assets ¥1,493 million, Gain on sale of investment securities ¥59 million, Other ¥23 million / Extraordinary loss Reduction in acquisition cost from construction contributions, etc. ¥606 million, Loss on sale of fixed assets ¥1 million, Loss on Disposal of Fixed Assets ¥305 million, Impairment Losses ¥18 million, Loss on liquidation of subsidiary ¥251 million, Loss on closure of stores －, Other ¥167 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 190,662,061 Shares |
| Treasury Shares at Period-End | 516,450 Shares |
| Factors Behind Changes in Business Performance | Tourism demand to the Ise-Shima area remained strong in the transportation business, while the retail business focused on attracting customers through department-store renovations and events. The international logistics business reported higher revenue due to increased cargo volumes and higher selling prices. Operating income increased 5.2% year on year, ordinary income increased 1.8% despite higher interest expenses resulting from rising interest rates and other factors, and net income attributable to owners of the parent increased 9.1% due in part to the recognition of gains on the sale of non-current assets. |
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogChanges in the scope of consolidationMaterial subsequent events
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 transportation business, tourism demand to the Ise-Shima area remained strong, while in the retail business, efforts focused on attracting customers through department-store renovations and events. The international logistics business reported higher revenue due to increased cargo volumes and higher selling prices.
How to read this page
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