Komori
Earnings presentation9075FUKUYAMA TRANSPORTING CO.,LTD.Transportation and logistics

Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027

For the six months ended September 2026, revenue and profit increased, driven by securing shipment volumes, freight rate revisions, and the expansion of the contract logistics, value-added logistics, and international businesses. Reflecting first-half results, the company raised its full-year forecasts for revenue, operating profit, ordinary profit, and net profit.

Worth reading
79Important
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
4223
Millions of yen (year-on-year increase in operating income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥166,124 million+8.2%
Operating profit¥7,835 million+116.9%
Ordinary income¥7,992 million+79.1%
Net income¥7,037 million+131.3%
Operating profit margin4.7 %
Full-year earnings forecast
Net Sales
¥340,700 million
Operating profit
¥14,800 million
Ordinary income
¥15,200 million
Profit attributable to owners of the parent
¥17,700 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Unit prices fell short of the first-half plan; the full-year forecast was raised to reflect first-half results
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Distribution processing business
Profitability improvement at newly established locations399
Expansion of existing shippers318
Improvements related to major GMS operations54
International freight forwarding business
Growth in existing businesses700
RENOWN consolidated effect3,300
Operating profit from distribution processing
Impact of reviewing internal expense allocations-65
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Transport business third-quarter unit price plan103.6 % year on year
Transport business full-year unit price plan102.6 % year on year
Unit_full year% year on year
New initiatives
  • Added 2 new categories to the scope of freight rate revisions
  • System integration with ハコベル社 scheduled to begin in the second half
  • Promoting collaboration and PMI with チクブパッケージシステム社
  • Joint delivery by TGL山陰
  • Establishing a dedicated M&A department and assigning dedicated personnel for the next medium-term management plan
  • Joint transportation and co-creation with セイノーHD, センコー社, and others
Key KPIsA metric the company considers important as a management benchmark.
  • Transportation business shipment volume103.7 % year on year
    Year on year against the same period last year+3.7%
  • Transportation business unit price101.4 % year on year
    Year on year against the same period last year+1.4%
  • Dedicated transportation business handled shipments (monthly average)107.8 % year on year
    Year on year against the same period last year+7.8%
  • Dedicated transportation business partner companies (end of September)105 % year on year
    Year on year against the same period last year+5.0%
  • Value-added logistics business vacant-floor ratio2.8 Percentage-point improvement
  • Number of containers transported35,955 TEU cumulative through the second quarter
    Year on year against the same period last year+257.2%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Transportation
Volume103.7 % year on year
Price per share101.4 % year on year
Unit_price% year on year
Four transportation factors
Total
Price per ton-kilometer101.6 % year on year
Price per item102.5 % year on year
Price per kg101.4 % year on year
Weight103.7 % year on year
Segment results
Transportation
Net Sales
¥125,244 million
Year-on-year sales5
Operating profit
¥5,804 million
Year-on-year operating profit152.3
Chartered transportation business
Net Sales
¥14,034 million
Year-on-year sales8.6
Operating profit
¥1,414 million
Year-on-year operating profit22
Distribution processing business
Net Sales
¥12,431 million
Year-on-year sales6.6
Operating profit
¥2,015 million
Year-on-year operating profit3.2
International business
Net Sales
¥11,022 million
Year-on-year sales81.4
Operating profit
¥461 million
Year-on-year operating profit172.9
Other businesses
Net Sales
¥3,391 million
Year-on-year sales-5.1
Operating profit
¥547 million
Year-on-year operating profit-1.2
Medium-term management plan targets
ROE8 %
Target for reducing policy-held shares and other holdings400 %
Unit_reduction¥100 million
Financial targets
ROE
Target8 %
Reduction of policy-held shares and other holdings
Target¥400 100 million
Actual results¥313 100 million
Sale of owned real estate
Actual results¥58 100 million
Number of employees
Changes and hiring plans during the periodAdded +74 sales staff to the dedicated transportation business during the first half
Payout ratio
Total payout ratio of 50%
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥166,124 million (YoY +8.2%)
Operating profit¥7,835 million (YoY +116.9%)
Ordinary income¥7,992 million (YoY +79.1%)
Net income¥7,037 million (YoY +131.3%)
Operating profit margin4.7 %
Full-year earnings forecastNet Sales ¥340,700 million / Operating profit ¥14,800 million / Ordinary income ¥15,200 million / Profit attributable to owners of the parent ¥17,700 million
Self-assessment against the planUnit prices fell short of the first-half plan; the full-year forecast was raised to reflect first-half results
Segment resultsTransportation Net Sales ¥125,244 million / Year-on-year sales 5 / Operating profit ¥5,804 million / Year-on-year operating profit 152.3 / Chartered transportation business Net Sales ¥14,034 million / Year-on-year sales 8.6 / Operating profit ¥1,414 million / Year-on-year operating profit 22 / Distribution processing business Net Sales ¥12,431 million / Year-on-year sales 6.6 / Operating profit ¥2,015 million / Year-on-year operating profit 3.2 / International business Net Sales ¥11,022 million / Year-on-year sales 81.4 / Operating profit ¥461 million / Year-on-year operating profit 172.9 / Other businesses Net Sales ¥3,391 million / Year-on-year sales -5.1 / Operating profit ¥547 million / Year-on-year operating profit -1.2
Breakdown of Factors Affecting the ChangeDistribution processing business Profitability improvement at newly established locations 399 / Expansion of existing shippers 318 / Improvements related to major GMS operations 54 / International freight forwarding business Growth in existing businesses 700 / RENOWN consolidated effect 3,300 / Operating profit from distribution processing Impact of reviewing internal expense allocations -65
Key KPIsIndicator name Transportation business shipment volume / Value 103.7 % year on year / Year on year against the same period last year 3.7 % year on year, Indicator name Transportation business unit price / Value 101.4 % year on year / Year on year against the same period last year 1.4 % year on year, Indicator name Dedicated transportation business handled shipments (monthly average) / Value 107.8 % year on year / Year on year against the same period last year 7.8 % year on year, Indicator name Dedicated transportation business partner companies (end of September) / Value 105 % year on year / Year on year against the same period last year 5 % year on year, Indicator name Value-added logistics business vacant-floor ratio / Value 2.8 Percentage-point improvement / Year on year against the same period last year Not disclosed, Indicator name Number of containers transported / Value 35,955 TEU (cumulative through the second quarter) / Year on year against the same period last year 257.2 TEU (cumulative through the second quarter)
Unit price and quantity metricsTransportation Volume 103.7 % year on year / Price per share 101.4 % year on year / Unit_price % year on year / Four transportation factors Total Price per ton-kilometer 101.6 % year on year / Price per item 102.5 % year on year / Price per kg 101.4 % year on year / Weight 103.7 % year on year
Number of employeesNumber of Employees Not disclosed / Changes and hiring plans during the period Added +74 sales staff to the dedicated transportation business during the first half
Assumptions Underlying the Business OutlookTransport business third-quarter unit price plan 103.6 % year on year / Transport business full-year unit price plan 102.6 % year on year / Unit_full year % year on year
Medium-term management plan targetsROE 8 % / Target fiscal year Not disclosed / Target for reducing policy-held shares and other holdings 400 % / Unit_reduction ¥100 million
Financial targetsROE Target 8 % / Reduction of policy-held shares and other holdings Target ¥400 100 million / Actual results ¥313 100 million / Sale of owned real estate Actual results ¥58 100 million
Payout ratioTotal payout ratio of 50%
New initiativesAdded 2 new categories to the scope of freight rate revisions, System integration with ハコベル社 scheduled to begin in the second half, Promoting collaboration and PMI with チクブパッケージシステム社, Joint delivery by TGL山陰, Establishing a dedicated M&A department and assigning dedicated personnel for the next medium-term management plan, Joint transportation and co-creation with セイノーHD, センコー社, and others
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastNumber of stores and locationsRisk amount incorporated into the outlookAnnual DividendAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.

Revenue growth was driven by rate revisions and securing shipment volumes in the general cargo business, capturing demand for dedicated transportation, the start-up of warehouses opened in the previous fiscal year, increased business from existing customers, and the initial consolidation of the international business. Operating profit growth was driven by securing shipment volumes and rate revisions, revenue growth in dedicated transportation and value-added logistics, and the initial consolidation of the international business.

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Financial Results Briefing Materials for the Second Quarter of the Fiscal Year Ending March 2027 | FUKUYAMA TRANSPORTING CO.,LTD. (9075) timely disclosure | Komori