Worth reading
50Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
8.9
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales269,862¥ millionYear on year +8.9%Progress 94.7%
Operating profit23,818¥ millionYear on year +2.9%Progress 89.2%
Ordinary income24,853¥ millionYear on year +3.7%Progress 90.4%
Net income attributable to owners of the parent18,237¥ millionYear on year +10.2%Progress 81.8%
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¥152.85
Operating Margin8.8%
Financial position at period-end
Total assets436,395¥ million
of which net assets 242,805 ¥ millionEquity ratio 54.5%vs. prior year-end -1.5pt
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+38,157
Investment-25,564
Financials-11,119
Net change+1,474
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¥36,705 million
Segment revenue
Transportation Business124,33949.8%+5.4%
Warehouse Business42,97617.2%+5.1%
Packaging business57,64823.1%+0.5%
Testing business24,5699.8%+1.7%
Segment profit
Transportation Business7,52330.3%+19.1%
Warehouse Business8,82635.6%+3.1%
Packaging business4,42917.9%+4.3%
Testing business4,01616.2%+0.7%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥285,000 million (YoY +5.6%)
Operating profit¥26,700 million (YoY +12.1%)
Ordinary income¥27,500 million (YoY +10.6%)
Net income¥22,300 million (YoY +22.3%)
Annual Dividend Forecast¥75 per share → ¥112 per share（+49.3%）
Payout ratioFiscal year ending March 2026 49.1 / Forecast for the fiscal year ending March 2027 59.9
Shareholder Return PolicyThe company targets a dividend on equity ratio of at least 4% and, in principle, will not reduce the annual dividend from the previous year's actual dividend, maintaining or increasing it. From the fiscal year ending March 2027, the company will target a dividend on equity ratio of at least 6%.
Factors Behind Changes in Business Performance
Increased business volumes in the transportation and testing businesses, increased handling volumes resulting from new and expanded warehouses in the warehousing business, the effect of higher revenue, improved operating efficiency and lower outsourcing costs contributed to higher profit. Increases in outsourcing costs, personnel expenses and depreciation and amortization restrained profit.
Disclosure regarding the going concern assumption
No applicable matters
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
Changes in the scope of consolidation0 new companies and 0 excluded companies (no significant changes to the scope of consolidation during the period)
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥742 million / Gain on sale of investment securities ¥1,424 million / Gain on revision of retirement benefit plans ¥481 million / Extraordinary loss Loss on sale of fixed assets ¥79 million / Loss on Disposal of Fixed Assets ¥74 million / Loss on sale of investment securities ¥0 million
Depreciation and amortization¥17,424 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End126,479,784 Shares
Treasury Shares at Period-End9,821,512 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥269,862 million (YoY +8.9%) |
| Operating profit | ¥23,818 million (YoY +2.9%) |
| Ordinary income | ¥24,853 million (YoY +3.7%) |
| Profit attributable to owners of the parent | ¥18,237 million (YoY +10.2%) |
| Net income per share | ¥152.85 |
| Operating Margin | 8.8% |
| Equity ratio | End of the current fiscal period 54.5 / End of previous period 56 |
| Total assets | ¥436,395 million |
| Net assets | ¥242,805 million |
| Cash flows from operating activities | ¥38,157 million |
| Cash flows from investing activities | ¥-25,564 million |
| Cash flows from financing activities | ¥-11,119 million |
| Cash and cash equivalents at end of period | ¥36,705 million |
| Full-year earnings forecast | Net Sales ¥285,000 million (YoY +5.6%) / Operating profit ¥26,700 million (YoY +12.1%) / Ordinary income ¥27,500 million (YoY +10.6%) / Net income ¥22,300 million (YoY +22.3%) |
| Annual Dividend Forecast | ¥75 per share → ¥112 per share（+49.3%） |
| Payout ratio | Fiscal year ending March 2026 49.1 / Forecast for the fiscal year ending March 2027 59.9 |
| Shareholder Return Policy | The company targets a dividend on equity ratio of at least 4% and, in principle, will not reduce the annual dividend from the previous year's actual dividend, maintaining or increasing it. From the fiscal year ending March 2027, the company will target a dividend on equity ratio of at least 6%. |
| Segment revenue | Transportation Business ¥124,339 million (YoY +5.4%) / Warehouse Business ¥42,976 million (YoY +5.1%) / Packaging business ¥57,648 million (YoY +0.5%) / Testing business ¥24,569 million (YoY +1.7%) |
| Segment profit | Transportation Business ¥7,523 million (YoY +19.1%) / Warehouse Business ¥8,826 million (YoY +3.1%) / Packaging business ¥4,429 million (YoY +4.3%) / Testing business ¥4,016 million (YoY +0.7%) |
| Depreciation and amortization | ¥17,424 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥742 million / Gain on sale of investment securities ¥1,424 million / Gain on revision of retirement benefit plans ¥481 million / Extraordinary loss Loss on sale of fixed assets ¥79 million / Loss on Disposal of Fixed Assets ¥74 million / Loss on sale of investment securities ¥0 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | 0 new companies and 0 excluded companies (no significant changes to the scope of consolidation during the period) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (for analysts) |
| Issued Shares at Period-End | 126,479,784 Shares |
| Treasury Shares at Period-End | 9,821,512 Shares |
| Factors Behind Changes in Business Performance | Increased business volumes in the transportation and testing businesses, increased handling volumes resulting from new and expanded warehouses in the warehousing business, the effect of higher revenue, improved operating efficiency and lower outsourcing costs contributed to higher profit. Increases in outsourcing costs, personnel expenses and depreciation and amortization restrained profit. |
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders received and order backlogImpairment loss
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.Business volumes increased in the transportation and testing businesses, while handling volumes increased in the warehousing business following the establishment and expansion of warehouses. Higher revenue, improved operating efficiency and lower outsourcing costs contributed to the increase in profit, while personnel expenses, depreciation and amortization, and outsourcing costs also 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.
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