Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the transport business, limited express use for travel to Ise-Shima and between Osaka and Nagoya remained strong. In the international logistics business, air cargo movements, including AI-related cargo, remained firm, resulting in higher cargo volumes, while selling prices also increased. In the distribution business, customer traffic generated by store renovations and events, as well as tax-free sales, contributed to results, while the reactionary decline following the Osaka-Kansai Expo, restrictions on travel from China, and heightened tensions in the Middle East, among other factors, contributed to revenue declines in some businesses.
No applicable items
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | 929,784 Millions of yen (YoY +8.6%) |
| Operating profit | 46,432 Millions of yen (YoY +10.1%) |
| Ordinary income | 49,224 Millions of yen (YoY +23.7%) |
| Profit attributable to owners of the parent | 31,829 Millions of yen (YoY +34.1%) |
| Net income per share | ¥167.39 |
| Equity ratio | End of the current fiscal period 24.2 / End of previous period 23.6 |
| Total assets | 2,628,979 Millions of yen |
| Net assets | 691,998 Millions of yen |
| Cash flows from operating activities | 40,137 Millions of yen |
| Cash flows from investing activities | -52,387 Millions of yen |
| Cash flows from financing activities | -18,331 Millions of yen |
| Cash and cash equivalents at end of period | 169,081 Millions of yen |
| Full-year earnings forecast | Net Sales 1,910,000 Millions of yen (YoY +9.1%) / Operating profit 93,000 Millions of yen (YoY +4.0%) / Ordinary income 87,000 Millions of yen (YoY +2.9%) / Net income 54,000 Millions of yen (YoY +0.4%) |
| Revision to Earnings Forecast | Not disclosed → Net Sales 1,910,000 / Operating profit 93,000 / Ordinary income 87,000 / Net income 54,000 |
| Annual Dividend Forecast | 60 Yen → 70 Yen（+16.7%） |
| Segment revenue | Transportation 115,760 Millions of yen (YoY +1.3%) / Real Estate 75,572 Millions of yen (YoY -5.8%) / International logistics 451,880 Millions of yen (YoY +22.8%) / Distribution 107,940 Millions of yen (YoY -4.4%) / Hotels and Leisure 180,154 Millions of yen (YoY -1.1%) / Other 24,365 Millions of yen (YoY -0.1%) |
| Segment profit | Transportation 15,870 Millions of yen (YoY -9.6%) / Real Estate 7,934 Millions of yen (YoY -2.7%) / International logistics 13,451 Millions of yen (YoY +235.3%) / Distribution 3,726 Millions of yen (YoY +1.6%) / Hotels and Leisure 3,907 Millions of yen (YoY -48.5%) / Other 1,774 Millions of yen (YoY +12.3%) |
| Depreciation and amortization | 41,504 Millions of yen |
| Impairment loss | 19 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Proceeds received for construction cost sharing and other items 1,397 / Gain on sale of non-current assets 1,502 / Gain on Sale of Investment Securities 2,641 / Other 556 / Extraordinary loss Reduction of construction cost-sharing liabilities and other items 1,360 / Loss on sale of property, plant and equipment 10 / Loss on disposal of fixed assets 428 / Impairment loss 19 / Loss on liquidation of subsidiary 277 / Other 883 |
| Disclosure regarding the going concern assumption | No applicable items |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not applicable |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 190,662,061 Shares |
| Treasury Shares at Period-End | 508,693 Shares |
| Factors Behind Changes in Business Performance | In the transport business, limited express use for travel to Ise-Shima and between Osaka and Nagoya remained strong. In the international logistics business, air cargo movements, including AI-related cargo, remained firm, resulting in higher cargo volumes, while selling prices also increased. In the distribution business, customer traffic generated by store renovations and events, as well as tax-free sales, contributed to results, while the reactionary decline following the Osaka-Kansai Expo, restrictions on travel from China, and heightened tensions in the Middle East, among other factors, contributed to revenue declines in some businesses. |
Items this document does not state (6)
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.Amid a gradual recovery in the domestic economy, tourism demand for destinations including Ise-Shima remained strong in the transport business, while the international logistics business benefited from higher cargo volumes and selling prices. On the other hand, revenue declined in the distribution and hotel and leisure businesses due to a reactionary decline following the Osaka-Kansai Expo.