Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The market for oceangoing dry bulk vessels strengthened, driven by increased movement of minor cargoes, tighter supply due to vessel congestion, and a ton-mile effect from the diversification of import sources. In the oceangoing shipping business, the higher proportion of short-term chartering, the weaker yen and lower operating costs contributed, while in the coastal shipping business, higher freight rates, bunker surcharges and increased revenue from ship management services contributed.
No applicable matter
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥2,869 million (YoY +16.0%) |
| Operating profit | ¥654 million (YoY +424.5%) |
| Ordinary income | ¥659 million |
| Profit attributable to owners of the parent | ¥440 million (YoY +525.1%) |
| Net income per share | ¥287.93 |
| Equity ratio | End of the current fiscal period 66.4 / End of previous period 64.7 |
| Total assets | ¥12,409 million |
| Net assets | ¥8,288 million |
| Cash flows from operating activities | ¥925,262 thousand |
| Cash flows from investing activities | ¥8,068 thousand |
| Cash flows from financing activities | ¥-345,599 thousand |
| Cash and cash equivalents at end of period | ¥2,115,254 thousand |
| Full-year earnings forecast | Net Sales ¥5,700 million (YoY +11.3%) / Operating profit ¥820 million (YoY +19.7%) / Ordinary income ¥840 million (YoY +25.4%) / Net income ¥560 million (YoY -30.1%) |
| Annual Dividend Forecast | ¥125 → ¥110（-12.0%） |
| Segment revenue | Ocean shipping business ¥2,274,330 thousand (YoY +18.3%), Domestic shipping ¥539,627 thousand (YoY +10.2%), Real estate leasing business ¥55,198 thousand (YoY -9.7%) |
| Segment profit | Ocean shipping business ¥843,785 thousand (YoY +206.6%), Domestic shipping ¥62,946 thousand (YoY -10.1%), Real estate leasing business ¥21,734 thousand (YoY +7.8%) |
| Depreciation and amortization | ¥417,635 thousand |
| Breakdown of extraordinary income (loss) | No extraordinary gains or extraordinary losses were recorded for the interim period. |
| Disclosure regarding the going concern assumption | No applicable matter |
| Change in accounting policy | Changes due to revisions to standards None / Other changes Available / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | None |
| Material subsequent events | The company resolved to cancel 200,000 treasury shares, equivalent to 10.35% of the total number of shares issued before the cancellation, on 30 November 2026. The total number of shares issued after the cancellation will be 1,732,000. |
| Availability of Supplementary Financial Results Materials | None |
| Availability of Financial Results Briefing | No (no target participants specified) |
| Issued Shares at Period-End | 1,932,000 |
| Treasury Shares at Period-End | 402,030 |
| Factors Behind Changes in Business Performance | The market for oceangoing dry bulk vessels strengthened, driven by increased movement of minor cargoes, tighter supply due to vessel congestion, and a ton-mile effect from the diversification of import sources. In the oceangoing shipping business, the higher proportion of short-term chartering, the weaker yen and lower operating costs contributed, while in the coastal shipping business, higher freight rates, bunker surcharges and increased revenue from ship management services contributed. |
Items this document does not state (7)
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 market for oceangoing dry bulk vessels strengthened, particularly in the Pacific, driven by increased movement of minor cargoes, tighter supply due to vessel congestion, and a ton-mile effect from the diversification of import sources. In the oceangoing shipping business, a higher proportion of short-term chartering, the weaker yen and lower operating costs also contributed, while in the coastal shipping business, higher freight rates, bunker surcharges and increased revenue from ship management services drove higher revenue.