Worth reading
65In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
13.5
% (full-year operating profit forecast revision rate)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales1,505,025¥ millionYear on year +27.3%Progress 50.2%
Operating profit114,876¥ millionYear on year +91.9%Progress 54.7%
Ordinary income213,262¥ millionYear on year +79.8%Progress 63.7%
Net income attributable to owners of the parent203,481¥ millionYear on year +106.9%Progress 61.7%
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¥503.86
Financial position at period-end
Total assets5,676,677¥ million
of which net assets 3,261,126 ¥ millionEquity ratio 56.3%vs. prior year-end -2.8pt
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+119,131
Investment-347,393
Financials+281,572
Net change+53,310
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¥248,716 million
Segment revenueContainership business ¥951 100 million (YoY +5.7%), Logistics Business ¥5,588 100 million (YoY +46.7%), Automotive Business ¥3,061 100 million (YoY +20.5%), Dry bulk business ¥3,608 100 million (YoY +29.2%), Energy Business ¥1,370 100 million (YoY +39.9%), Other businesses ¥1,144 100 million (YoY -9.2%)
Segment profitContainership business ¥979 100 million, Logistics Business ¥-8 100 million, Automotive Business ¥351 100 million, Dry bulk business ¥297 100 million, Energy Business ¥454 100 million, Other businesses ¥82 100 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥3,000,000 million (YoY +23.8%)
Operating profit¥210,000 million (YoY +51.5%)
Ordinary income¥335,000 million (YoY +58.7%)
Net income¥330,000 million (YoY +55.8%)
Revision to Earnings ForecastNet Sales ¥28,810 100 million → ¥30,000 100 million（+4.1%） / Operating profit ¥1,850 100 million → ¥2,100 100 million（+13.5%） / Ordinary income ¥2,500 100 million → ¥3,350 100 million（+34.0%） / Profit attributable to owners of the parent ¥2,400 100 million → ¥3,300 100 million（+37.5%）
Annual Dividend Forecast¥230 per share → ¥330 per share（+43.5%）
Payout ratio40
Shareholder Return PolicyA consolidated payout ratio of 40% is the target, with an annual dividend floor of ¥200 per share. Flexible additional shareholder return measures, including share buybacks, will also be considered.
Factors Behind Changes in Business Performance
Strong transportation demand, higher freight rates and vessel market conditions, the yen's depreciation, and the impact of port congestion and the closure of the Strait of Hormuz. In some businesses, higher fuel, chartering and operating costs and lower cargo volumes weighed on profits.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 Yes見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name No
Impairment loss¥739 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥24,052 million, Other ¥4,627 million / Extraordinary loss Loss on sale of non-current assets ¥468 million, Impairment Losses ¥739 million, Other ¥1,048 million
Depreciation and amortization¥99,862 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End405,321,700
Treasury Shares at Period-End1,709,970
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥1,505,025 million (YoY +27.3%) |
| Operating profit | ¥114,876 million (YoY +91.9%) |
| Ordinary income | ¥213,262 million (YoY +79.8%) |
| Profit attributable to owners of the parent | ¥203,481 million (YoY +106.9%) |
| Net income per share | ¥503.86 |
| Equity ratio | End of the current fiscal period 56.3 / End of previous period 59.1 |
| Total assets | ¥5,676,677 million |
| Net assets | ¥3,261,126 million |
| Cash flows from operating activities | ¥119,131 million |
| Cash flows from investing activities | ¥-347,393 million |
| Cash flows from financing activities | ¥281,572 million |
| Cash and cash equivalents at end of period | ¥248,716 million |
| Full-year earnings forecast | Net Sales ¥3,000,000 million (YoY +23.8%) / Operating profit ¥210,000 million (YoY +51.5%) / Ordinary income ¥335,000 million (YoY +58.7%) / Net income ¥330,000 million (YoY +55.8%) |
| Revision to Earnings Forecast | Net Sales ¥28,810 100 million → ¥30,000 100 million（+4.1%） / Operating profit ¥1,850 100 million → ¥2,100 100 million（+13.5%） / Ordinary income ¥2,500 100 million → ¥3,350 100 million（+34.0%） / Profit attributable to owners of the parent ¥2,400 100 million → ¥3,300 100 million（+37.5%） |
| Annual Dividend Forecast | ¥230 per share → ¥330 per share（+43.5%） |
| Payout ratio | 40 |
| Shareholder Return Policy | A consolidated payout ratio of 40% is the target, with an annual dividend floor of ¥200 per share. Flexible additional shareholder return measures, including share buybacks, will also be considered. |
| Segment revenue | Containership business ¥951 100 million (YoY +5.7%), Logistics Business ¥5,588 100 million (YoY +46.7%), Automotive Business ¥3,061 100 million (YoY +20.5%), Dry bulk business ¥3,608 100 million (YoY +29.2%), Energy Business ¥1,370 100 million (YoY +39.9%), Other businesses ¥1,144 100 million (YoY -9.2%) |
| Segment profit | Containership business ¥979 100 million, Logistics Business ¥-8 100 million, Automotive Business ¥351 100 million, Dry bulk business ¥297 100 million, Energy Business ¥454 100 million, Other businesses ¥82 100 million |
| Depreciation and amortization | ¥99,862 million |
| Impairment loss | ¥739 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥24,052 million, Other ¥4,627 million / Extraordinary loss Loss on sale of non-current assets ¥468 million, Impairment Losses ¥739 million, Other ¥1,048 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes Yes / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name No |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 405,321,700 |
| Treasury Shares at Period-End | 1,709,970 |
| Factors Behind Changes in Business Performance | Strong transportation demand, higher freight rates and vessel market conditions, the yen's depreciation, and the impact of port congestion and the closure of the Strait of Hormuz. In some businesses, higher fuel, chartering and operating costs and lower cargo volumes weighed on profits. |
Items this document does not state (4)
Operating MarginRegional salesOrders received and order backlogMaterial subsequent events
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.Earnings improved due to strong transportation demand, particularly on North American routes, higher freight rates and market conditions against a backdrop of port congestion and the closure of the Strait of Hormuz, and the yen's depreciation. Meanwhile, higher fuel, chartering and operating costs weighed on profits in some businesses. The full-year forecast was revised to reflect expectations for freight rates, vessel market conditions and cargo volumes above the previous assumptions, while also incorporating various costs and impacts from the continued closure of the Strait of Hormuz.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.