Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 14 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
For the interim period, cargo transportation volumes in the transportation business exceeded expectations due to inventory build-up and advance shipments against the backdrop of worsening conditions in the Middle East, while the international business was affected by increased handling volumes at overseas subsidiaries and foreign exchange movements. Profit exceeded expectations due to higher revenue, improved transportation efficiency, and restraints on additional costs such as outsourcing expenses. For the full year, the company incorporated higher revenue in the value-added logistics business from the initial consolidation of new subsidiaries, as well as increased handling volumes and foreign exchange movements in the international business, while also factoring in a decline in the dedicated transportation business, higher variable and outsourcing costs, the phased reduction of fuel price surge mitigation subsidies, and downside risks to non-operating and extraordinary income and losses in the second half.
| Item | Details |
|---|---|
| Net Sales | ¥334,600 million → ¥340,700 million（+1.8%） |
| Operating profit | ¥12,500 million → ¥14,800 million（+18.4%） |
| Ordinary income | ¥13,700 million → ¥15,200 million（+10.9%） |
| Profit attributable to owners of the parent | ¥17,000 million → ¥17,700 million（+4.1%） |
| Net income per share | 479.58 Yen / sen → 502.23 Yen / sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 14 May 2026 |
| Previous-period results | Second quarter (interim period) of the fiscal year ended March 2026: revenue ¥153,573 million, operating profit ¥3,612 million, ordinary profit ¥4,463 million, interim net profit attributable to owners of the parent ¥3,042 million, interim earnings per share ¥80.87. Full year of the fiscal year ended March 2026: revenue ¥318,582 million, operating profit ¥9,347 million, ordinary profit ¥11,475 million, net profit attributable to owners of the parent ¥13,696 million, earnings per share ¥369.50. |
| Reason for the revision | For the interim period, cargo transportation volumes in the transportation business exceeded expectations due to inventory build-up and advance shipments against the backdrop of worsening conditions in the Middle East, while the international business was affected by increased handling volumes at overseas subsidiaries and foreign exchange movements. Profit exceeded expectations due to higher revenue, improved transportation efficiency, and restraints on additional costs such as outsourcing expenses. For the full year, the company incorporated higher revenue in the value-added logistics business from the initial consolidation of new subsidiaries, as well as increased handling volumes and foreign exchange movements in the international business, while also factoring in a decline in the dedicated transportation business, higher variable and outsourcing costs, the phased reduction of fuel price surge mitigation subsidies, and downside risks to non-operating and extraordinary income and losses in the second half. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.For the interim period, cargo transportation volumes exceeded expectations due to inventory build-up and advance shipments against the backdrop of worsening conditions in the Middle East, while the number of shipments handled by overseas subsidiaries increased and foreign exchange movements had an impact. Improved transportation efficiency and restraints on additional costs such as outsourcing expenses also contributed. For the full year, the upward revision to revenue reflects the expected decline in the dedicated transportation business, as well as higher revenue in the value-added logistics business from the initial consolidation of new subsidiaries and the incorporation of increased handling volumes and foreign exchange movements in the international business. For profit, the forecast was revised upward, including the interim-period upside, after factoring in higher variable and outsourcing costs, the reduction in fuel price surge mitigation subsidies, and downside risks to non-operating and extraordinary income and losses in the second half.