Komori
Financial results presentation9143SG HOLDINGS CO.,LTD.Transportation and Logistics

Earnings Presentation for the Second Quarter of the Fiscal Year Ending March 2027

Raised the full-year forecast for the fiscal year ending March 2027, including operating revenue to ¥182.0 billion and operating profit to ¥100.0 billion. Forecasts for the Logistics and Global Logistics businesses were revised upward, while the Delivery business's operating profit forecast was revised downward due to the cost of securing transport capacity in advance. The dividend forecast was raised to ¥55 per share, and a ¥15.0 billion share buyback will also be carried out.

Worth reading
82Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
800
¥ billions (increase from the previous revenue forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,204 100 million+117.6%
Operating profit¥414 100 million+107.5%
Ordinary income¥397 100 million+104.4%
Net income¥279 100 million +119.8%quarterly net income attributable to owners of the parent
Operating profit margin
Rate4.5%
Results for the three months of the current quarter
Operating revenue
¥4,731 100 million+114.0%
Operating profit
¥213 100 million+101.4%
Ordinary income
¥192 100 million+95.1%
Net income
¥156 100 million +119.1%quarterly net income attributable to owners of the parent
Full-year earnings forecast
Operating revenue
¥18,200 100 million
Operating profit
¥1,000 100 million
Ordinary income
¥980 100 million
Profit attributable to owners of the parent
¥650 100 million
ROE
11.8 %
ROIC
7 %
Annual Dividend
¥55 /share
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The Delivery business is below plan, while the Logistics business is above plan and the Global Logistics business is progressing above plan. The Real Estate business is progressing in line with plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating revenue
Delivery business194
TMS42
Impact of excluding a consolidated subsidiary in the prior fiscal year-57
Domestic 3PL19
Temperature-controlled44
Impact on prior Q1 consolidated results343
Morrison underlying revenue growth324
Other-6
Operating profit
Delivery business-54
Logistics Business9
Global Logistics business59
Real estate business0
Other Businesses0
Adjustments16
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Delivery parcel volume
Before revision13.9 100 million parcels
After revision14.2 100 million parcels
Average delivery unit price
Before revision663 Yen
After revision660 Yen
Expolanka operating revenue
Before revision¥1,860 100 million
After revision¥2,300 100 million
Expolanka operating profit
Before revision¥30 100 million
After revision¥55 100 million
Morrison operating revenue
Before revision¥1,500 100 million
After revision¥1,910 100 million
Morrison operating profit
Before revision¥70 100 million
After revision¥110 100 million
New initiatives
  • Started monthly disclosure of air and ocean freight volumes handled by the Global Logistics business
  • Filed rates will be revised from January 2027, increasing them by approximately 13.8% from pre-revision levels
  • Promoting system preparations and other measures toward the introduction of a fuel surcharge
  • Plans to carry out a ¥15.0 billion share buyback
  • Improving transport network efficiency by strengthening consolidation at the Kanto Hub Center and bringing the Kansai Hub Center into full-scale operation
Key KPIsA metric the company considers important as a management benchmark.
  • Parcel volume690 million parcels
    Year on year against the same period last year104.7%
  • TMS revenue¥709 100 million
    Year on year against the same period last year106.4%
  • Air freight volume191 thousand tonnes
    Year on year against the same period last year122.5%
  • Sea freight volume150 thousand TEUs
    Year on year against the same period last year112.9%
  • Synergy benefits11.2 USD million
  • EFL structural reform savings6.1 USD million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Delivery business
Average ticket
657 Yen
Year-on-year change−¥1
Parcel volume
690 million parcels
Year on year against the same period last year104.7%
Forwarding
Air freight volume
191 thousand tonnes
Year on year against the same period last year122.5%
Sea freight volume
150 thousand TEUs
Year on year against the same period last year112.9%
Segment results
Delivery business
Operating revenue
¥5,374 100 million+105.7%
Operating profit
¥249 100 million+82.0%
Logistics Business
Operating revenue
¥1,036 100 million+100.2%
Operating profit
¥45 100 million+125.0%
Global Logistics business
Operating revenue
¥2,475 100 million+177.1%
Operating profit
¥66 100 million+922.8%
Real estate business
Operating revenue
¥33 100 million+96.2%
Operating profit
¥23 100 million+98.3%
Other Businesses
Operating revenue
¥284 100 million+104.6%
Operating profit
¥16 100 million+96.4%
Medium-term management plan targets
Final yearFiscal year ending March 2028
Consolidated operating profit
¥1,100 100 million
ROE
12 %
ROIC
8 %
FY2030 ROE target
15 %
Financial targets
ROE
Actual results10.5 %
Forecast for the fiscal year ending March 202711.8 %
Final-year target under the medium-term management plan12 %
ROIC
Actual results7 %
Forecast for the fiscal year ending March 20277 %
Final-year target under the medium-term management plan8 %
Equity ratio
45.1 %
Market Size / Share
Worldwide semiconductor salesThe materials include a graph showing trends and outlook. Specific figures: Not disclosed
Freight forwarding scaleEFL: approximately 30th worldwide; Morrison: approximately 20th worldwide
Capital expenditures
¥181 100 million tangible fixed assets ¥15.3 billion + intangible fixed assets ¥2.8 billion
Annual Dividend
¥55 /share
Interim27
End of period28
Acquisition of treasury shares
¥150 100 million
PeriodFiscal year ending March 2027 (current fiscal year)
StatusScheduled closing
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter of the fiscal year ending March 2027
Net Sales¥9,204 100 million (YoY +117.6%)
Operating profit¥414 100 million (YoY +107.5%)
Ordinary income¥397 100 million (YoY +104.4%)
Net income¥279 100 million (quarterly net income attributable to owners of the parent) (YoY +119.8%)
Operating profit marginRate 4.5% / Year-on-year change (points) Not disclosed
Results for the three months of the current quarterOperating revenue ¥4,731 100 million (YoY +114.0%) / Operating profit ¥213 100 million (YoY +101.4%) / Ordinary income ¥192 100 million (YoY +95.1%) / Net income ¥156 100 million (quarterly net income attributable to owners of the parent) (YoY +119.1%)
Full-year earnings forecastOperating revenue ¥18,200 100 million / Operating profit ¥1,000 100 million / Ordinary income ¥980 100 million / Profit attributable to owners of the parent ¥650 100 million / ROE 11.8 % / ROIC 7 % / Annual Dividend ¥55 /share
Self-assessment against the planThe Delivery business is below plan, while the Logistics business is above plan and the Global Logistics business is progressing above plan. The Real Estate business is progressing in line with plan.
Segment resultsDelivery business Operating revenue ¥5,374 100 million (YoY +105.7%) / Operating profit ¥249 100 million (YoY +82.0%) / Logistics Business Operating revenue ¥1,036 100 million (YoY +100.2%) / Operating profit ¥45 100 million (YoY +125.0%) / Global Logistics business Operating revenue ¥2,475 100 million (YoY +177.1%) / Operating profit ¥66 100 million (YoY +922.8%) / Real estate business Operating revenue ¥33 100 million (YoY +96.2%) / Operating profit ¥23 100 million (YoY +98.3%) / Other Businesses Operating revenue ¥284 100 million (YoY +104.6%) / Operating profit ¥16 100 million (YoY +96.4%)
Breakdown of Factors Affecting the ChangeOperating revenue Delivery business 194 / TMS 42 / Impact of excluding a consolidated subsidiary in the prior fiscal year -57 / Domestic 3PL 19 / Temperature-controlled 44 / Impact on prior Q1 consolidated results 343 / Morrison underlying revenue growth 324 / Other -6 / Operating profit Delivery business -54 / Logistics Business 9 / Global Logistics business 59 / Real estate business 0 / Other Businesses 0 / Adjustments 16
Key KPIsIndicator name Parcel volume / Value 690 million parcels / Year on year against the same period last year 104.7%, Indicator name TMS revenue / Value ¥709 100 million / Year on year against the same period last year 106.4%, Indicator name Air freight volume / Value 191 thousand tonnes / Year on year against the same period last year 122.5%, Indicator name Sea freight volume / Value 150 thousand TEUs / Year on year against the same period last year 112.9%, Indicator name Synergy benefits / Value 11.2 USD million / Year on year against the same period last year Not disclosed, Indicator name EFL structural reform savings / Value 6.1 USD million / Year on year against the same period last year Not disclosed
Unit price and quantity metricsDelivery business Average ticket 657 Yen / Parcel volume 690 million parcels / Forwarding Air freight volume 191 thousand tonnes / Sea freight volume 150 thousand TEUs
Assumptions Underlying the Business OutlookDelivery parcel volume Before revision 13.9 100 million parcels / After revision 14.2 100 million parcels / Average delivery unit price Before revision 663 Yen / After revision 660 Yen / Expolanka operating revenue Before revision ¥1,860 100 million / After revision ¥2,300 100 million / Expolanka operating profit Before revision ¥30 100 million / After revision ¥55 100 million / Morrison operating revenue Before revision ¥1,500 100 million / After revision ¥1,910 100 million / Morrison operating profit Before revision ¥70 100 million / After revision ¥110 100 million
Medium-term management plan targetsFinal year Fiscal year ending March 2028 / Consolidated operating profit ¥1,100 100 million / ROE 12 % / ROIC 8 % / FY2030 ROE target 15 %
Financial targetsROE Actual results 10.5 % / Forecast for the fiscal year ending March 2027 11.8 % / Final-year target under the medium-term management plan 12 % / ROIC Actual results 7 % / Forecast for the fiscal year ending March 2027 7 % / Final-year target under the medium-term management plan 8 % / Equity ratio 45.1 %
Annual Dividend¥55 /share
Acquisition of treasury sharesAmount ¥150 100 million / Period Fiscal year ending March 2027 (current fiscal year) / Status Scheduled closing
Capital expenditures¥181 100 million (tangible fixed assets ¥15.3 billion + intangible fixed assets ¥2.8 billion)
Market Size / ShareWorldwide semiconductor sales The materials include a graph showing trends and outlook. Specific figures: Not disclosed / Freight forwarding scale EFL: approximately 30th worldwide; Morrison: approximately 20th worldwide
New initiativesStarted monthly disclosure of air and ocean freight volumes handled by the Global Logistics business, Filed rates will be revised from January 2027, increasing them by approximately 13.8% from pre-revision levels, Promoting system preparations and other measures toward the introduction of a fuel surcharge, Plans to carry out a ¥15.0 billion share buyback, Improving transport network efficiency by strengthening consolidation at the Kanto Hub Center and bringing the Kansai Hub Center into full-scale operation
Items this document does not state (9)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioOrders received and order backlogKey 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 company cited solid progress in the Logistics and Global Logistics businesses, favorable air freight market conditions and increased volumes in the Global Logistics business, and progress in structural reforms and synergy generation. It also incorporated ¥4.5 billion in gains on the sale of cross-held shares into its forecasts from ordinary profit downward. In the Delivery business, the company said that securing and expanding transport capacity in advance to ensure stable transport during the year-end peak season would weigh on the operating profit forecast.

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Earnings Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | SG HOLDINGS CO.,LTD. (9143) timely disclosure | Komori