Supplementary Financial Results Materials for the Fiscal Year Ending March 2026 | AZ-COM MARUWA Holdings Inc. (9090) timely disclosure

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

22161

Millions of yen (year-on-year change in revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFiscal year ending March 202613 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥230,531 million+10.6%

Operating profit¥11,864 million+8.3%

Ordinary income¥12,530 million+7.7%

Net income¥7,448 million+2.4%

Selling, general and administrative expenses¥10,206 million

Gross Profit Margin

Rate9.6

Year-on-year change (points)-0.7

Operating profit margin

Rate5.1

Year-on-year change (points)-0.2

Full-year earnings forecast

Fiscal year ending March 2027

Net Sales

¥250,000 million

Operating profit

¥13,800 million

Ordinary income

¥14,000 million

Profit attributable to owners of the parent

¥8,300 million

Earnings per share

¥61.63

Dividend per share

¥32

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。

Fiscal year ending March 2026

Net Sales104.8 %

Operating profit99.7 %

Ordinary income104.4 %

Profit attributable to owners of the parent102 %

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

One-time costs associated with opening new sites¥-1,284 million
Withdrawals and business scale-backs¥-900 million
Impact of employee base-pay increases¥-316 million
Decline in existing volumes¥-1,326 million
Previous fiscal year: decrease in costs related to the tender offer¥674 million
Acquisition of new customers, expansion of existing businesses, and full-year operations¥1,888 million
Fee revisions, productivity improvements, and cost reductions¥2,161 million
Upfront investment in AZ-COM Matsubushi EAST¥-592 million

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Fee revision plan for the fiscal year ending March 2027¥50 100 million
Estimated impact of higher fuel costs resulting from rising crude oil prices (company-owned operations)¥4 100 million
Estimated impact of higher fuel costs resulting from rising crude oil prices (partner companies)¥15 100 million

New initiatives

Group Reorganization
IT and digital transformation investment to accelerate data-driven management
Investment to address legal reforms and risks
Staff reallocation
Higher utilization of AZ-COM Matsubushi EAST and acquisition of new shippers
Establishment of a planning office for support programs
Collaborative structure between the dedicated M&A division and the dedicated PMI department
Establishment of a stockpiling system focused on Tokyo's 23 wards

Key KPIsA metric the company considers important as a management benchmark.

ROE12.4 %
Year on year against the same period last year-0.5%
ROIC hurdle rate8 %
Number of AZ-COM Network member companies2,815 companies
Number of logistics network sites269 Location
BCP disaster-relief agreements for logistics126 Local government
Prefectures with agreements39 prefectures
Municipalities with agreements87 Municipalities

Segment results

Last-mile business
Net Sales38,916
Year-on-year (%)-1.1
EC ambient-temperature transportation business
Net Sales61,171
Year-on-year (%)14.6
EC ambient-temperature 3PL business
Net Sales74,068
Year-on-year (%)14.9
Temperature-controlled food 3PL business
Net Sales26,606
Year-on-year (%)9.8
Pharmaceutical and medical 3PL business
Net Sales26,614
Year-on-year (%)10.2

Medium-term management plan targets

¥5,000 100 million
TargetGroup net sales in fiscal 2030
Target fiscal yearFiscal year ending March 2031
15% or higher
TargetROE
5,000 companies
TargetNumber of AZ-COM Network member companies
Target fiscal year2030
10,000 companies
TargetNumber of AZ-COM Network member companies
Target fiscal year2040

Financial targets

ROE target15% or higher

Actual ROE12.4 %

ROIC hurdle rate8 %

Equity ratio targetApproximately 45%

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

19 Billions of yen

DetailsEstimated impact of higher fuel costs at the company and partner companies resulting from rising crude oil prices

Market Size / Share

PBRLand transportation industry average: 1.2x

PERLand transportation industry average: 13.9x

Number of stores and locations

End of period269 Location

Capital expenditures

28,452 Millions of yen fiscal year ended March 2026 actual

Fiscal year ending March 2027: plan5,754

Annual Dividend

Annual dividend per share¥32

Interim¥16

End of period¥16

Payout ratio

Rate40 %

Additional informationGuideline; progressive dividends are the basic policy

Contents of this document
Item	Details
Document type	Supplementary materials to the earnings report
Fiscal Period Covered	Fiscal year ending March 2026
Net Sales	¥230,531 million (YoY +10.6%)
Operating profit	¥11,864 million (YoY +8.3%)
Ordinary income	¥12,530 million (YoY +7.7%)
Net income	¥7,448 million (YoY +2.4%)
Gross Profit Margin	Rate 9.6 / Year-on-year change (points) -0.7
Operating profit margin	Rate 5.1 / Year-on-year change (points) -0.2
Selling, general and administrative expenses	¥10,206 million
Full-year earnings forecast	Subject Fiscal year ending March 2027 / Net Sales ¥250,000 million / Operating profit ¥13,800 million / Ordinary income ¥14,000 million / Profit attributable to owners of the parent ¥8,300 million / Earnings per share ¥61.63 / Dividend per share ¥32
Progress against full-year forecast	Net Sales 104.8 % / Operating profit 99.7 % / Ordinary income 104.4 % / Profit attributable to owners of the parent 102 % / Subject Fiscal year ending March 2026
Segment results	Segment Last-mile business / Net Sales ¥38,916 million / Year-on-year (%) ¥-1.1 million, Segment EC ambient-temperature transportation business / Net Sales ¥61,171 million / Year-on-year (%) ¥14.6 million, Segment EC ambient-temperature 3PL business / Net Sales ¥74,068 million / Year-on-year (%) ¥14.9 million, Segment Temperature-controlled food 3PL business / Net Sales ¥26,606 million / Year-on-year (%) ¥9.8 million, Segment Pharmaceutical and medical 3PL business / Net Sales ¥26,614 million / Year-on-year (%) ¥10.2 million
Breakdown of Factors Affecting the Change	Item One-time costs associated with opening new sites / Amount ¥-1,284 million, Item Withdrawals and business scale-backs / Amount ¥-900 million, Item Impact of employee base-pay increases / Amount ¥-316 million, Item Decline in existing volumes / Amount ¥-1,326 million, Item Previous fiscal year: decrease in costs related to the tender offer / Amount ¥674 million, Item Acquisition of new customers, expansion of existing businesses, and full-year operations / Amount ¥1,888 million, Item Fee revisions, productivity improvements, and cost reductions / Amount ¥2,161 million, Item Upfront investment in AZ-COM Matsubushi EAST / Amount ¥-592 million
Key KPIs	Indicator name ROE / Value 12.4 % / Year on year against the same period last year -0.5 %, Indicator name ROIC hurdle rate / Value 8 % / Year on year against the same period last year Not disclosed, Indicator name Number of AZ-COM Network member companies / Value 2,815 companies / Year on year against the same period last year Not disclosed, Indicator name Number of logistics network sites / Value 269 Location / Year on year against the same period last year Not disclosed, Indicator name BCP disaster-relief agreements for logistics / Value 126 Local government / Year on year against the same period last year Not disclosed, Indicator name Prefectures with agreements / Value 39 prefectures / Year on year against the same period last year Not disclosed, Indicator name Municipalities with agreements / Value 87 Municipalities / Year on year against the same period last year Not disclosed
Number of stores and locations	End of period 269 Location / Number of store openings and closures during the period Not disclosed
Assumptions Underlying the Business Outlook	Item Fee revision plan for the fiscal year ending March 2027 / Value ¥50 100 million, Item Estimated impact of higher fuel costs resulting from rising crude oil prices (company-owned operations) / Value ¥4 100 million, Item Estimated impact of higher fuel costs resulting from rising crude oil prices (partner companies) / Value ¥15 100 million
Risk amount incorporated into the outlook	Amount 19 Billions of yen / Details Estimated impact of higher fuel costs at the company and partner companies resulting from rising crude oil prices
Medium-term management plan targets	Target Group net sales in fiscal 2030 / Value ¥5,000 100 million / Target fiscal year Fiscal year ending March 2031, Target ROE / Value 15% or higher / Target fiscal year Not disclosed, Target Number of AZ-COM Network member companies / Value 5,000 companies / Target fiscal year 2030 companies, Target Number of AZ-COM Network member companies / Value 10,000 companies / Target fiscal year 2040 companies
Financial targets	ROE target 15% or higher / Actual ROE 12.4 % / ROIC hurdle rate 8 % / Equity ratio target Approximately 45%
Annual Dividend	Annual dividend per share ¥32 / Interim ¥16 / End of period ¥16
Payout ratio	Rate 40 % / Additional information Guideline; progressive dividends are the basic policy
Capital expenditures	28,452 Millions of yen (fiscal year ended March 2026 actual)
Market Size / Share	PBR Land transportation industry average: 1.2x / PER Land transportation industry average: 13.9x
New initiatives	Group Reorganization, IT and digital transformation investment to accelerate data-driven management, Investment to address legal reforms and risks, Staff reallocation, Higher utilization of AZ-COM Matsubushi EAST and acquisition of new shippers, Establishment of a planning office for support programs, Collaborative structure between the dedicated M&A division and the dedicated PMI department, Establishment of a stockpiling system focused on Tokyo's 23 wards

Items this document does not state (7)

Results for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of employeesAcquisition of treasury sharesOrders received and order backlogKey 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.

The company attributed the increase in results to the acquisition of new customers, expansion of existing businesses, full-year operations, fee revisions, productivity improvements, and cost reductions. On the other hand, one-time costs associated with opening new sites, upfront investment in AZ-COM Matsubushi EAST, withdrawals and business scale-backs, base-pay increases for employees, and lower volumes from existing customers weighed on profit. In the fiscal year ending March 2027, the company will bring forward the implementation of organizational restructuring, IT and digital transformation investment, investment to address legal reforms and risks, and personnel reallocation.

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