Worth reading
53Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
13000
Millions of yenWording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales74,970Millions of yenYear on year +22.7%Progress 50.3%
Operating profit6,676Millions of yenYear on year +15.7%Progress 47.7%
Ordinary income5,927Millions of yenYear on year -10.0%Progress 50.7%
Net income attributable to owners of the parent12,110Millions of yenYear on year +62.0%
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¥114.46
Financial position at period-end
Total assets356,868Millions of yen
of which net assets 169,521 Millions of yenEquity ratio 47.5%vs. prior year-end +1.9pt
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+12,426
Investment-6,197
Financials-4,346
Net change+1,883
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period15,894 Millions of yen
Segment revenueOcean-going shipping 62,614 Millions of yen (YoY +26.7%), Coastal and short-sea shipping 5,138 Millions of yen (YoY +7.9%), Real Estate 7,279 Millions of yen (YoY +4.4%)
Segment profitOcean-going shipping 4,143 Millions of yen (YoY +4.7%), Coastal and short-sea shipping 290 Millions of yen, Real Estate 2,243 Millions of yen (YoY +6.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales149,000 Millions of yen (YoY +17.1%)
Operating profit14,000 Millions of yen (YoY +4.2%)
Ordinary income11,700 Millions of yen (YoY -30.7%)
Profit attributable to owners of the parent15,800 Millions of yen (YoY +2.7%)
Net income per share¥149.33
Revision to Earnings ForecastNet Sales 136,000 Millions of yen → 149,000 Millions of yen（+9.6%） / Operating profit 12,000 Millions of yen → 14,000 Millions of yen（+16.7%） / Ordinary income 9,600 Millions of yen → 11,700 Millions of yen（+21.9%） / Profit attributable to owners of the parent 14,000 Millions of yen → 15,800 Millions of yen（+12.9%）
Annual Dividend Forecast59 Yen per share → 60 Yen per share（+1.7%）
Payout ratio40%
Shareholder Return PolicyContinue dividends based on a payout ratio of 40% of full-year earnings and introduce a minimum dividend of ¥30 per share.
Factors Behind Changes in Business Performance
Profitability was secured through firm market conditions for chemical tankers and dry bulk carriers, longer transport distances, efficient vessel allocation, and the capture of long-term contracts and spot cargoes. The weaker yen contributed to higher ordinary profit, while an increase in extraordinary gains, including gains on sales of fixed assets, boosted net income.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Impairment lossNo impairment loss was recognized. The segment information states, “There are no applicable items” for impairment losses on fixed assets.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of property, plant and equipment 7,011 Millions of yen, Charter cancellation payments 764 Millions of yen / Extraordinary loss Loss on disposal of property, plant and equipment 12 Millions of yen, Loss on sale of property, plant and equipment 3 Millions of yen, Loss on liquidation of investment securities 348 Millions of yen
Depreciation and amortization7,870 Millions of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (target audience: Not disclosed)
Issued Shares at Period-End108,900,000 Shares
Treasury Shares at Period-End3,097,309 Shares
| 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 | 74,970 Millions of yen (YoY +22.7%) |
| Operating profit | 6,676 Millions of yen (YoY +15.7%) |
| Ordinary income | 5,927 Millions of yen (YoY -10.0%) |
| Profit attributable to owners of the parent | 12,110 Millions of yen (YoY +62.0%) |
| Net income per share | ¥114.46 |
| Equity ratio | End of the current fiscal period 47.5 / End of previous period 45.6 |
| Total assets | 356,868 Millions of yen |
| Net assets | 169,521 Millions of yen |
| Cash flows from operating activities | 12,426 Millions of yen |
| Cash flows from investing activities | -6,197 Millions of yen |
| Cash flows from financing activities | -4,346 Millions of yen |
| Cash and cash equivalents at end of period | 15,894 Millions of yen |
| Full-year earnings forecast | Net Sales 149,000 Millions of yen (YoY +17.1%) / Operating profit 14,000 Millions of yen (YoY +4.2%) / Ordinary income 11,700 Millions of yen (YoY -30.7%) / Profit attributable to owners of the parent 15,800 Millions of yen (YoY +2.7%) / Net income per share ¥149.33 |
| Revision to Earnings Forecast | Net Sales 136,000 Millions of yen → 149,000 Millions of yen（+9.6%） / Operating profit 12,000 Millions of yen → 14,000 Millions of yen（+16.7%） / Ordinary income 9,600 Millions of yen → 11,700 Millions of yen（+21.9%） / Profit attributable to owners of the parent 14,000 Millions of yen → 15,800 Millions of yen（+12.9%） |
| Annual Dividend Forecast | 59 Yen per share → 60 Yen per share（+1.7%） |
| Payout ratio | 40% |
| Shareholder Return Policy | Continue dividends based on a payout ratio of 40% of full-year earnings and introduce a minimum dividend of ¥30 per share. |
| Segment revenue | Ocean-going shipping 62,614 Millions of yen (YoY +26.7%), Coastal and short-sea shipping 5,138 Millions of yen (YoY +7.9%), Real Estate 7,279 Millions of yen (YoY +4.4%) |
| Segment profit | Ocean-going shipping 4,143 Millions of yen (YoY +4.7%), Coastal and short-sea shipping 290 Millions of yen, Real Estate 2,243 Millions of yen (YoY +6.0%) |
| Depreciation and amortization | 7,870 Millions of yen |
| Impairment loss | No impairment loss was recognized. The segment information states, “There are no applicable items” for impairment losses on fixed assets. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of property, plant and equipment 7,011 Millions of yen, Charter cancellation payments 764 Millions of yen / Extraordinary loss Loss on disposal of property, plant and equipment 12 Millions of yen, Loss on sale of property, plant and equipment 3 Millions of yen, Loss on liquidation of investment securities 348 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (target audience: Not disclosed) |
| Issued Shares at Period-End | 108,900,000 Shares |
| Treasury Shares at Period-End | 3,097,309 Shares |
| Factors Behind Changes in Business Performance | Profitability was secured through firm market conditions for chemical tankers and dry bulk carriers, longer transport distances, efficient vessel allocation, and the capture of long-term contracts and spot cargoes. The weaker yen contributed to higher ordinary profit, while an increase in extraordinary gains, including gains on sales of fixed assets, boosted net income. |
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.Profitability was secured through firm market conditions for chemical tankers and dry bulk carriers, efficient vessel allocation and an increase in long-distance transport. Although the weaker yen contributed to ordinary profit, non-operating expenses, including interest expense and foreign exchange losses, increased. Interim net income attributable to owners of the parent benefited from an increase in extraordinary gains, including gains on sales of fixed assets.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.