Worth reading
56In 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
2900
¥ millionWording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales36,692¥ millionYear on year +23.2%Progress 27.0%
Operating profit3,328¥ millionYear on year +47.7%Progress 27.7%
Ordinary income3,617¥ millionYear on year +65.0%Progress 37.7%
Net income attributable to owners of the parent11,116¥ millionYear on year +240.3%
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¥105.06
Financial position at period-end
Total assets357,665¥ million
of which net assets 167,772 ¥ millionEquity ratio 46.9%vs. prior year-end +1.3pt
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.
Segment revenueOcean-going shipping business ¥30,441 million (YoY +26.9%), Coastal and short-sea shipping ¥2,628 million (YoY +10.8%), Real Estate Business ¥3,652 million (YoY +5.9%)
Segment profitOcean-going shipping business ¥2,024 million (YoY +51.1%), Coastal and short-sea shipping ¥192 million, Real Estate Business ¥1,113 million (YoY +7.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥136,000 million (YoY +6.8%)
Operating profit¥12,000 million (YoY -10.7%)
Ordinary income¥9,600 million (YoY -43.1%)
Profit attributable to owners of the parent¥14,000 million (YoY -9.0%)
Revision to Earnings ForecastInterim period Net Sales ¥65,000 million → ¥69,000 million（+6.2%） / Operating profit ¥3,200 million → ¥5,500 million（+71.9%） / Ordinary income ¥1,100 million → ¥4,100 million（+272.7%） / Interim net income attributable to owners of the parent ¥7,600 million → ¥11,200 million（+47.4%） / Full year Net Sales ¥129,000 million → ¥136,000 million（+5.4%） / Operating profit ¥9,100 million → ¥12,000 million（+31.9%） / Ordinary income ¥6,700 million → ¥9,600 million（+43.3%） / Profit attributable to owners of the parent ¥12,100 million → ¥14,000 million（+15.7%）
Annual Dividend Forecast¥59 → ¥53（-10.2%）
Payout ratio40％
Shareholder Return PolicyContinue paying dividends based on a payout ratio of 40% of full-year earnings, with a minimum dividend of ¥30 per share
Factors Behind Changes in Business Performance
Strong market conditions for chemical tankers and dry bulk vessels, stable revenue from long-term and medium- to long-term contracts, active capture of spot cargoes originating in the United States, efficient vessel deployment, and improved operations and occupancy rates at offices in central Tokyo
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥7,011 million, Charter cancellation payments ¥764 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥2 million
Depreciation and amortization¥3,939 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End108,900,000 Shares
Treasury Shares at Period-End3,097,253 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥36,692 million (YoY +23.2%) |
| Operating profit | ¥3,328 million (YoY +47.7%) |
| Ordinary income | ¥3,617 million (YoY +65.0%) |
| Profit attributable to owners of the parent | ¥11,116 million (YoY +240.3%) |
| Net income per share | ¥105.06 |
| Equity ratio | End of the current fiscal period 46.9 / End of previous period 45.6 |
| Total assets | ¥357,665 million |
| Net assets | ¥167,772 million |
| Full-year earnings forecast | Net Sales ¥136,000 million (YoY +6.8%) / Operating profit ¥12,000 million (YoY -10.7%) / Ordinary income ¥9,600 million (YoY -43.1%) / Profit attributable to owners of the parent ¥14,000 million (YoY -9.0%) |
| Revision to Earnings Forecast | Interim period Net Sales ¥65,000 million → ¥69,000 million（+6.2%） / Operating profit ¥3,200 million → ¥5,500 million（+71.9%） / Ordinary income ¥1,100 million → ¥4,100 million（+272.7%） / Interim net income attributable to owners of the parent ¥7,600 million → ¥11,200 million（+47.4%） / Full year Net Sales ¥129,000 million → ¥136,000 million（+5.4%） / Operating profit ¥9,100 million → ¥12,000 million（+31.9%） / Ordinary income ¥6,700 million → ¥9,600 million（+43.3%） / Profit attributable to owners of the parent ¥12,100 million → ¥14,000 million（+15.7%） |
| Annual Dividend Forecast | ¥59 → ¥53（-10.2%） |
| Payout ratio | 40％ |
| Shareholder Return Policy | Continue paying dividends based on a payout ratio of 40% of full-year earnings, with a minimum dividend of ¥30 per share |
| Segment revenue | Ocean-going shipping business ¥30,441 million (YoY +26.9%), Coastal and short-sea shipping ¥2,628 million (YoY +10.8%), Real Estate Business ¥3,652 million (YoY +5.9%) |
| Segment profit | Ocean-going shipping business ¥2,024 million (YoY +51.1%), Coastal and short-sea shipping ¥192 million, Real Estate Business ¥1,113 million (YoY +7.8%) |
| Depreciation and amortization | ¥3,939 million |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥7,011 million, Charter cancellation payments ¥764 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥2 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 108,900,000 Shares |
| Treasury Shares at Period-End | 3,097,253 Shares |
| Factors Behind Changes in Business Performance | Strong market conditions for chemical tankers and dry bulk vessels, stable revenue from long-term and medium- to long-term contracts, active capture of spot cargoes originating in the United States, efficient vessel deployment, and improved operations and occupancy rates at offices in central Tokyo |
Items this document does not state (8)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRegional 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.The revision reflects the continued strength of market conditions for chemical tankers and dry bulk vessels, profit growth from favorable contract renewals for certain vessels, and the weaker yen trend since the beginning of the fiscal year. The dividend revision is based on the expected improvement in earnings and the basic policy of targeting a 40% payout ratio.
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.