Worth reading
67In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
4.1
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales631,573¥ millionYear on year +4.1%Progress 98.9%
Operating profit43,240¥ millionYear on year -1.6%Progress 92.0%
Ordinary income43,385¥ millionYear on year -2.9%Progress 95.4%
Net income attributable to owners of the parent31,505¥ millionYear on year +2.5%Progress 95.5%
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¥614.05
Operating Margin6.8%
Financial position at period-end
Total assets560,169¥ million
of which net assets 306,988 ¥ millionEquity ratio 54.1%vs. prior year-end +0.3pt
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.
Cash inflows and outflows
Operating+51,993
Investment-19,188
Financials-32,383
Net change+422
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥42,529 million
Segment revenueLogistics ¥295,256 million (YoY -0.1%), Machinery and Engineering ¥307,458 million (YoY +8.5%), Other (outside reportable segments) ¥28,858 million (YoY +3.3%)
Segment profitLogistics ¥9,826 million (YoY +1.5%), Machinery and Engineering ¥30,960 million (YoY -3.3%), Other (outside reportable segments) ¥2,472 million (YoY +11.4%)
Regional salesRegion Japan / Current fiscal year ¥521,210 million / Previous period ¥499,680 million, Region Asia / Current fiscal year ¥87,513 million / Previous period ¥89,004 million, Region North and South America and other regions / Current fiscal year ¥22,849 million / Previous period ¥18,105 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥638,500 million (YoY +1.1%)
Operating profit¥47,000 million (YoY +8.7%)
Ordinary income¥45,500 million (YoY +4.9%)
Net income¥33,000 million (YoY +4.7%)
Annual Dividend Forecast246 Yen per share (before stock split adjustment) → 264 Yen per share (before stock split adjustment)（+7.3%）
Payout ratio40.1%
Shareholder Return PolicyDividend payout ratio of approximately 40%, with the annual dividend per share for the previous fiscal year set as the minimum dividend
Factors Behind Changes in Business Performance
Revenue increased due to growth in equipment construction and environment-related construction. In the logistics business, profit improved through higher unit prices and cost reductions despite lower handling volumes. In the plant engineering business, equipment construction increased, but profit declined because of an allowance for doubtful accounts and lower maintenance workloads. Net income increased as a result of reducing cross-shareholdings.
Disclosure regarding the going concern assumption
Not applicable.
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 Yes修正再表示 No
Changes in the scope of consolidationNew 2 / Name of new company SANKYU-SBI M&A No. 1 Investment Limited Partnership, SANKYU-SBI Innovation Fund No. 1 Investment Limited Partnership / Excluded 0 / Name of excluded company Not disclosed
Material subsequent eventsThe company resolved to acquire up to 5 million treasury shares for up to ¥20 billion and to cancel treasury shares exceeding the equivalent of 5% of the total number of issued shares as of the completion of the acquisition. It also decided to conduct a stock split of one share into five, amend its Articles of Incorporation, and make an investment in SWTS Asia Pte. Ltd. to convert it into an equity-method affiliate.
Impairment loss¥222 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥2,404 million, Compensation received ¥339 million / Extraordinary loss Impairment Losses ¥222 million
Depreciation and amortization¥20,501 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End52,901,749
Treasury Shares at Period-End2,774,320
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥631,573 million (YoY +4.1%) |
| Operating profit | ¥43,240 million (YoY -1.6%) |
| Ordinary income | ¥43,385 million (YoY -2.9%) |
| Profit attributable to owners of the parent | ¥31,505 million (YoY +2.5%) |
| Net income per share | ¥614.05 |
| Operating Margin | 6.8% |
| Equity ratio | End of the current fiscal period 54.1% / End of previous period 53.8% |
| Total assets | ¥560,169 million |
| Net assets | ¥306,988 million |
| Cash flows from operating activities | ¥51,993 million |
| Cash flows from investing activities | ¥-19,188 million |
| Cash flows from financing activities | ¥-32,383 million |
| Cash and cash equivalents at end of period | ¥42,529 million |
| Full-year earnings forecast | Net Sales ¥638,500 million (YoY +1.1%) / Operating profit ¥47,000 million (YoY +8.7%) / Ordinary income ¥45,500 million (YoY +4.9%) / Net income ¥33,000 million (YoY +4.7%) |
| Annual Dividend Forecast | 246 Yen per share (before stock split adjustment) → 264 Yen per share (before stock split adjustment)（+7.3%） |
| Payout ratio | 40.1% |
| Shareholder Return Policy | Dividend payout ratio of approximately 40%, with the annual dividend per share for the previous fiscal year set as the minimum dividend |
| Segment revenue | Logistics ¥295,256 million (YoY -0.1%), Machinery and Engineering ¥307,458 million (YoY +8.5%), Other (outside reportable segments) ¥28,858 million (YoY +3.3%) |
| Segment profit | Logistics ¥9,826 million (YoY +1.5%), Machinery and Engineering ¥30,960 million (YoY -3.3%), Other (outside reportable segments) ¥2,472 million (YoY +11.4%) |
| Regional sales | Region Japan / Current fiscal year ¥521,210 million / Previous period ¥499,680 million, Region Asia / Current fiscal year ¥87,513 million / Previous period ¥89,004 million, Region North and South America and other regions / Current fiscal year ¥22,849 million / Previous period ¥18,105 million |
| Depreciation and amortization | ¥20,501 million |
| Impairment loss | ¥222 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥2,404 million, Compensation received ¥339 million / Extraordinary loss Impairment Losses ¥222 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | New 2 / Name of new company SANKYU-SBI M&A No. 1 Investment Limited Partnership, SANKYU-SBI Innovation Fund No. 1 Investment Limited Partnership / Excluded 0 / Name of excluded company Not disclosed |
| Material subsequent events | The company resolved to acquire up to 5 million treasury shares for up to ¥20 billion and to cancel treasury shares exceeding the equivalent of 5% of the total number of issued shares as of the completion of the acquisition. It also decided to conduct a stock split of one share into five, amend its Articles of Incorporation, and make an investment in SWTS Asia Pte. Ltd. to convert it into an equity-method affiliate. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 52,901,749 |
| Treasury Shares at Period-End | 2,774,320 |
| Factors Behind Changes in Business Performance | Revenue increased due to growth in equipment construction and environment-related construction. In the logistics business, profit improved through higher unit prices and cost reductions despite lower handling volumes. In the plant engineering business, equipment construction increased, but profit declined because of an allowance for doubtful accounts and lower maintenance workloads. Net income increased as a result of reducing cross-shareholdings. |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
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.Revenue increased due to growth in equipment construction and other areas. In the logistics business, however, project transportation orders, marine container handling volumes and warehouse operations declined, while in the plant engineering business, the recognition of an allowance for doubtful accounts on certain construction receivables and lower maintenance workloads reduced profit. Net income attributable to owners of the parent increased as a result of progress in reducing cross-shareholdings.
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.
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