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Financial Results Presentation9143SG HOLDINGS CO.,LTD.Transportation and Logistics

Financial Results Briefing Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, operating revenue was ¥1,644.7 billion and operating profit was ¥90.2 billion, resulting in higher revenue and higher profit. While the consolidated earnings forecast for the fiscal year ending March 2027 remains unchanged, the Company is proceeding with structural reforms in its global logistics business and a partial review of segment classifications.

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Direction
Mixed performance
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24
¥ million
Wording
Conditional
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Contents of this document

Financial Results PresentationFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,447 million+111.2%
Operating profit¥902 million+102.7%
Ordinary income¥917 million+103.3%
Net income¥590 million+101.6%
Operating profit margin5.5 %
Results for the three months of the current quarter
Fourth quarter of the fiscal year ended March 2026
Operating revenue
¥4,147 million+115.1%
Operating profit
¥176 million+156.0%
Ordinary income
¥179 million+152.9%
Profit attributable to owners of the parent
¥136 million+201.8%
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Operating revenue
¥17,400 million
Operating profit
¥970 million
Ordinary income
¥950 million
Profit attributable to owners of the parent
¥600 million
ROE
11 %
ROIC
6.8 %
Annual Dividend
¥54 per share
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。
ScopeConsolidated total
Operating revenue100.6
Operating profit100.3
Ordinary income103.1
Profit attributable to owners of the parent100.1
ROE±0.0pt
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Overall, results were in line with expectations. Operating profit was broadly in line with the earnings forecast. Profit in the delivery business was in line with the plan, the logistics business was broadly ahead of plan, and the global logistics business fell short of plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating revenue
Parcel delivery275
TMS129
Domestic 3PL and other businesses39
Temperature-controlled81
Ecu Worldwide-418
Morrison1,031
Other-87
Real Estate Sale-30
Operating profit
Delivery business17
Logistics Business20
Global Logistics business-33
Real Estate Business-1
Other Businesses7
Adjustments13
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average price per parcel delivery and TMS unit
¥663
Parcel delivery and TMS volume
13.9 100 million parcels
TMS revenue
¥1,420 million
Ecu Worldwide air freight volume
145 thousand tonnes
Ecu Worldwide ocean freight volume
190 thousand TEUs
Morrison air freight volume
195 thousand tonnes
Morrison ocean freight volume
90 thousand TEUs
Exchange rate
¥157 /US$
Personnel Expenses
¥5,400 million
Outsourcing expenses
¥8,300 million
Depreciation and amortization
¥550 million
New initiatives
  • Commencement of operations at 2 large-scale distribution hubs
  • Review of pricing and operations for cross-border e-commerce and stronger collaboration with partners
  • Structural cost reforms and optimization of resource allocation at Ecu Worldwide
  • Collaborative operating structure for EFL and Morrison
  • Expansion of the functions of SG HOLDINGS GLOBAL PTE. LTD., which oversees the global logistics business
  • Change of the chair of the Nominating and Compensation Advisory Committee to an independent outside director
  • Introduction of an executive shareholding association
  • Change in reportable segment classification
Key KPIsA metric the company considers important as a management benchmark.
  • Parcel volume13.6 100 million parcels+104.0%
  • Average price¥656 per parcel
  • TMS revenue¥1,379 million+110.4%
  • ROE10.5 %
    yoy_change+0.5pt
  • ROIC7 %
    yoy_change-1.2pt
  • Group synergy benefit2.5 USD million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Parcel volume
13.6 100 million parcels+104.0%
Average price
¥656 per parcel
yoy_change-¥5
Fourth-quarter parcel volume
333 million parcels
yoy_change+4%
Fourth-quarter average price per unit
¥649 per parcel
Segment results
Delivery business
Operating revenue
¥10,485 million+104.5%
Operating profit
¥701 million+102.6%
Logistics Business
Operating revenue
¥2,027 million+141.7%
Operating profit
¥62 million+148.5%
Global Logistics business
Operating revenue
¥3,215 million+125.4%
Operating profit
¥1 million+3.9%
Real Estate Business
Operating revenue
¥154 million+64.4%
Operating profit
¥103 million+98.6%
Other Businesses
Operating revenue
¥564 million+106.9%
Operating profit
¥26 million+139.3%
Medium-term management plan targets
ROE
15 %
Target fiscal yearFiscal year ending March 2031
Delivery parcel volume
13.5 100 million parcels
Target fiscal yearFinal year of the medium-term management plan
Temperature-controlled logistics operating profit growth
¥75 million
Target fiscal yearFinal year of the medium-term management plan
Financial targets
ROE target
15 %
Target fiscal yearFiscal year ending March 2031
Target equity ratio
40 %
Actual ROE
10.5 %
Actual ROIC
7 %
Actual equity ratio
44.4 %
Annual Dividend
Annual dividend per share
Fiscal year ending March 2026¥53
Interim
¥26
End of period
¥27
Forecast for the fiscal year ending March 2027
¥54
Interim27
End of period27
Acquisition of treasury shares
Acquisition amount
¥450 million
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥16,447 million (YoY +111.2%)
Operating profit¥902 million (YoY +102.7%)
Ordinary income¥917 million (YoY +103.3%)
Net income¥590 million (YoY +101.6%)
Operating profit margin5.5 %
Results for the three months of the current quarterSubject Fourth quarter of the fiscal year ended March 2026 / Operating revenue ¥4,147 million (YoY +115.1%) / Operating profit ¥176 million (YoY +156.0%) / Ordinary income ¥179 million (YoY +152.9%) / Profit attributable to owners of the parent ¥136 million (YoY +201.8%)
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Operating revenue ¥17,400 million / Operating profit ¥970 million / Ordinary income ¥950 million / Profit attributable to owners of the parent ¥600 million / ROE 11 % / ROIC 6.8 % / Annual Dividend ¥54 per share
Progress against full-year forecastScope Consolidated total / Operating revenue 100.6 / Operating profit 100.3 / Ordinary income 103.1 / Profit attributable to owners of the parent 100.1 / ROE ±0.0pt
Self-assessment against the planOverall, results were in line with expectations. Operating profit was broadly in line with the earnings forecast. Profit in the delivery business was in line with the plan, the logistics business was broadly ahead of plan, and the global logistics business fell short of plan.
Segment resultsDelivery business Operating revenue ¥10,485 million (YoY +104.5%) / Operating profit ¥701 million (YoY +102.6%) / Logistics Business Operating revenue ¥2,027 million (YoY +141.7%) / Operating profit ¥62 million (YoY +148.5%) / Global Logistics business Operating revenue ¥3,215 million (YoY +125.4%) / Operating profit ¥1 million (YoY +3.9%) / Real Estate Business Operating revenue ¥154 million (YoY +64.4%) / Operating profit ¥103 million (YoY +98.6%) / Other Businesses Operating revenue ¥564 million (YoY +106.9%) / Operating profit ¥26 million (YoY +139.3%)
Breakdown of Factors Affecting the ChangeOperating revenue Parcel delivery 275 / TMS 129 / Domestic 3PL and other businesses 39 / Temperature-controlled 81 / Ecu Worldwide -418 / Morrison 1,031 / Other -87 / Real Estate Sale -30 / Operating profit Delivery business 17 / Logistics Business 20 / Global Logistics business -33 / Real Estate Business -1 / Other Businesses 7 / Adjustments 13
Key KPIsParcel volume 13.6 100 million parcels (YoY +104.0%), Average price ¥656 per parcel, TMS revenue ¥1,379 million (YoY +110.4%), ROE 10.5 %, ROIC 7 %, Group synergy benefit 2.5 USD million
Unit price and quantity metricsParcel volume 13.6 100 million parcels (YoY +104.0%) / Average price ¥656 per parcel / Fourth-quarter parcel volume 333 million parcels / Fourth-quarter average price per unit ¥649 per parcel
Assumptions Underlying the Business OutlookAverage price per parcel delivery and TMS unit ¥663 / Parcel delivery and TMS volume 13.9 100 million parcels / TMS revenue ¥1,420 million / Ecu Worldwide air freight volume 145 thousand tonnes / Ecu Worldwide ocean freight volume 190 thousand TEUs / Morrison air freight volume 195 thousand tonnes / Morrison ocean freight volume 90 thousand TEUs / Exchange rate ¥157 /US$ / Personnel Expenses ¥5,400 million / Outsourcing expenses ¥8,300 million / Depreciation and amortization ¥550 million
Medium-term management plan targetsROE 15 % / Delivery parcel volume 13.5 100 million parcels / Temperature-controlled logistics operating profit growth ¥75 million
Financial targetsROE target 15 % / Target equity ratio 40 % / Actual ROE 10.5 % / Actual ROIC 7 % / Actual equity ratio 44.4 %
Annual DividendAnnual dividend per share ¥53 / Interim ¥26 / End of period ¥27 / Forecast for the fiscal year ending March 2027 ¥54
Acquisition of treasury sharesAcquisition amount ¥450 million / Period Not disclosed / Number of shares acquired Not disclosed
New initiativesCommencement of operations at 2 large-scale distribution hubs, Review of pricing and operations for cross-border e-commerce and stronger collaboration with partners, Structural cost reforms and optimization of resource allocation at Ecu Worldwide, Collaborative operating structure for EFL and Morrison, Expansion of the functions of SG HOLDINGS GLOBAL PTE. LTD., which oversees the global logistics business, Change of the chair of the Nominating and Compensation Advisory Committee to an independent outside director, Introduction of an executive shareholding association, Change in reportable segment classification
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey 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 increase in profit was driven by higher parcel volumes from capturing cross-border e-commerce demand, the collection of appropriate rates and improved productivity in the logistics business, and the consolidation of Morrison. Meanwhile, in the global logistics business, Ecu Worldwide's performance deteriorated as air and ocean freight rates declined due to factors including U.S. trade policies.

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Financial Results Briefing Materials for the Fiscal Year Ending March 2026 | SG HOLDINGS CO.,LTD. (9143) timely disclosure | Komori