Worth reading
72In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
36.4
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales213,765 Millions of yen+7.1%
Operating profit12,553 Millions of yen+36.4%
Ordinary income13,969 Millions of yen+42.4%
Net income8,612 Millions of yen+52.3%
Selling, general and administrative expenses15,385 Millions of yen
Gross Profit Margin
Rate13.1
Year-on-year change (points)1.3
Operating profit margin
Rate5.9
Year-on-year change (points)1.3
Results for the three months of the current quarterRevenue: ¥213,765 million, operating profit: ¥12,553 million, ordinary profit: ¥13,969 million, and net income attributable to owners of the parent: ¥8,612 million (standalone results for the first quarter of the fiscal year ending March 2027)
Full-year earnings forecast
Net Sales
825,500 Millions of yen
Operating profit
41,400 Millions of yen
Ordinary income
41,800 Millions of yen
Profit attributable to owners of the parent
27,500 Millions of yen
Transportation Business revenue
639,800 Millions of yen
Transportation Business operating profit
31,840 Millions of yen
Automobile Sales Business revenue
112,000 Millions of yen
Automobile Sales Business operating profit
6,440 Millions of yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。not disclosed (disclosed as first-half progress rates: revenue 52.7%, operating profit 64.7%, ordinary profit 70.2%, and net income for the quarter 69.5%)
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated operating profit
LTL freight volume2,029
LTL freight rates1,097
Less-than-truckload service center-23
Impact of the number of less-than-truckload operating days-242
Logistics1,630
Chartered freight260
Transportation Business: other and adjustments-579
Fuel Costs-232
Subcontracted and outsourced transportation costs-3,975
More efficient vehicle operations384
Personnel Expenses-1,223
Depreciation and amortization-244
Other expenses and adjustments-3,043
Profit or loss from businesses other than the Transportation Business-1,316
Net2,467
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
LTL freight volume
101.5 Per day, year-on-year change %
LTL freight rates
102.8 Standard, year-on-year change %
Number of less-than-truckload operating days
99.3 Year on year %
New passenger vehicle sales
16,770 Vehicles, 106.5% year on year
New truck sales
2,104 Vehicles, 104.1% year on year
New initiatives
- 2026 freight rates (new filed freight rates) to be released on 21 August
- Expand sales of small-lot, high-value-added and collaborative projects
- Increase the number of dispatch centers and expand the partner-company network
- Accelerate growth in the logistics and chartered freight businesses
- Improve productivity through O.P.P. and promote Team Green Logistics
Key KPIsA metric the company considers important as a management benchmark.
- Less-than-truckload freight volume (西濃運輸: standard + mini)102.9 Year on year %
- Less-than-truckload freight rate per kg (西濃運輸: standard)102 Year on year %
- Logistics revenue (excluding outbound freight charges)109.3 Year on year %
- Chartered freight revenue (西濃運輸)113.7 Year on year %
- Logistics warehouse floor area182 10,000 m², up 2.5% year on year
- Domestic new passenger vehicle sales4,843 Vehicles, 111.4% year on year
- Domestic new truck sales666 Vehicles, 129.6% year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
LTL freight volume
102.9 Year on year %
LTL freight rate per kg
102 Year on year %
New passenger vehicle sales
4,843 Vehicles, 111.4% year on year
New truck sales
666 Vehicles, 129.6% year on year
Segment results
Transportation business
Net Sales
162,612 Millions of yen+4.9%
Operating profit
8,738 Millions of yen+39.3%
Automotive sales business
Net Sales
32,715 Millions of yen+19.4%
Operating profit
2,822 Millions of yen+24.9%
Product sales business
Net Sales
10,653 Millions of yen+7.9%
Operating profit
400 Millions of yen+15.1%
Real Estate Leasing Business
Net Sales
644 Millions of yen+5.8%
Operating profit
476 Millions of yen+6.3%
Other
Net Sales
7,140 Millions of yen+6.8%
Operating profit
663 Millions of yen+30.5%
Medium-term management plan targets
Roadmap 2028
ROEAt least 8.0%
Operating profitAnnual growth of 10% or more
EPSAnnual growth of 15–20%
Operating profit marginApproximately 5.8%
DOE4.0% or more
Financial targets
ROE
TargetAt least 8.0%
Actual results6.1 %
Equity ratioTo an appropriate level
Payout ratio
not disclosed (target DOE of 4.0% or higher stated)Acquisition of treasury shares
A policy of continuously repurchasing treasury shares is stated. The amount, number of shares and period for the repurchase were not disclosed| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 213,765 Millions of yen (YoY +7.1%) |
| Operating profit | 12,553 Millions of yen (YoY +36.4%) |
| Ordinary income | 13,969 Millions of yen (YoY +42.4%) |
| Net income | 8,612 Millions of yen (YoY +52.3%) |
| Gross Profit Margin | Rate 13.1 / Year-on-year change (points) 1.3 |
| Operating profit margin | Rate 5.9 / Year-on-year change (points) 1.3 |
| Selling, general and administrative expenses | 15,385 Millions of yen |
| Results for the three months of the current quarter | Revenue: ¥213,765 million, operating profit: ¥12,553 million, ordinary profit: ¥13,969 million, and net income attributable to owners of the parent: ¥8,612 million (standalone results for the first quarter of the fiscal year ending March 2027) |
| Full-year earnings forecast | Net Sales 825,500 Millions of yen / Operating profit 41,400 Millions of yen / Ordinary income 41,800 Millions of yen / Profit attributable to owners of the parent 27,500 Millions of yen / Transportation Business revenue 639,800 Millions of yen / Transportation Business operating profit 31,840 Millions of yen / Automobile Sales Business revenue 112,000 Millions of yen / Automobile Sales Business operating profit 6,440 Millions of yen |
| Progress against full-year forecast | not disclosed (disclosed as first-half progress rates: revenue 52.7%, operating profit 64.7%, ordinary profit 70.2%, and net income for the quarter 69.5%) |
| Segment results | Transportation business Net Sales 162,612 Millions of yen (YoY +4.9%) / Operating profit 8,738 Millions of yen (YoY +39.3%) / Automotive sales business Net Sales 32,715 Millions of yen (YoY +19.4%) / Operating profit 2,822 Millions of yen (YoY +24.9%) / Product sales business Net Sales 10,653 Millions of yen (YoY +7.9%) / Operating profit 400 Millions of yen (YoY +15.1%) / Real Estate Leasing Business Net Sales 644 Millions of yen (YoY +5.8%) / Operating profit 476 Millions of yen (YoY +6.3%) / Other Net Sales 7,140 Millions of yen (YoY +6.8%) / Operating profit 663 Millions of yen (YoY +30.5%) |
| Breakdown of Factors Affecting the Change | Consolidated operating profit LTL freight volume 2,029 / LTL freight rates 1,097 / Less-than-truckload service center -23 / Impact of the number of less-than-truckload operating days -242 / Logistics 1,630 / Chartered freight 260 / Transportation Business: other and adjustments -579 / Fuel Costs -232 / Subcontracted and outsourced transportation costs -3,975 / More efficient vehicle operations 384 / Personnel Expenses -1,223 / Depreciation and amortization -244 / Other expenses and adjustments -3,043 / Profit or loss from businesses other than the Transportation Business -1,316 / Net 2,467 |
| Key KPIs | Indicator name Less-than-truckload freight volume (西濃運輸: standard + mini) / Value 102.9 Year on year (%), Indicator name Less-than-truckload freight rate per kg (西濃運輸: standard) / Value 102 Year on year (%), Indicator name Logistics revenue (excluding outbound freight charges) / Value 109.3 Year on year (%), Indicator name Chartered freight revenue (西濃運輸) / Value 113.7 Year on year (%), Indicator name Logistics warehouse floor area / Value 182 10,000 m², up 2.5% year on year, Indicator name Domestic new passenger vehicle sales / Value 4,843 Vehicles, 111.4% year on year, Indicator name Domestic new truck sales / Value 666 Vehicles, 129.6% year on year |
| Unit price and quantity metrics | LTL freight volume 102.9 Year on year (%) / LTL freight rate per kg 102 Year on year (%) / New passenger vehicle sales 4,843 Vehicles, 111.4% year on year / New truck sales 666 Vehicles, 129.6% year on year |
| Assumptions Underlying the Business Outlook | LTL freight volume 101.5 Per day, year-on-year change (%) / LTL freight rates 102.8 Standard, year-on-year change (%) / Number of less-than-truckload operating days 99.3 Year on year (%) / New passenger vehicle sales 16,770 Vehicles, 106.5% year on year / New truck sales 2,104 Vehicles, 104.1% year on year |
| Medium-term management plan targets | Roadmap 2028 ROE At least 8.0% / Operating profit Annual growth of 10% or more / EPS Annual growth of 15–20% / Operating profit margin Approximately 5.8% / DOE 4.0% or more |
| Financial targets | ROE Target At least 8.0% / Actual results 6.1 % / Equity ratio To an appropriate level |
| Payout ratio | not disclosed (target DOE of 4.0% or higher stated) |
| Acquisition of treasury shares | A policy of continuously repurchasing treasury shares is stated. The amount, number of shares and period for the repurchase were not disclosed |
| New initiatives | 2026 freight rates (new filed freight rates) to be released on 21 August, Expand sales of small-lot, high-value-added and collaborative projects, Increase the number of dispatch centers and expand the partner-company network, Accelerate growth in the logistics and chartered freight businesses, Improve productivity through O.P.P. and promote Team Green Logistics |
Items this document does not state (9)
Self-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendCapital 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.In the Transportation Business, results benefited from collecting appropriate freight rates, capturing special demand caused by the surge in crude oil prices, and growth in logistics and chartered freight. In the Automobile Sales Business, the increase in new vehicle sales contributed to results, while on a consolidated basis, cost increases were contained through greater efficiency in addition to higher revenue. The Company cited uncertainty over freight volume trends in the Transportation Business, including the impact of the situation in the Middle East, as the reason for leaving the full-year forecast unchanged.
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