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
803
Millions of yen (year-on-year increase in operating revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ending December 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales8,355 Millions of yen+10.6%
Operating profit388 Millions of yen-28.8%
Ordinary income386 Millions of yen-32.2%
Net income189 Millions of yen-42.4%
Gross Profit Margin9 %
Operating profit margin4.6 %
Selling, general and administrative expenses366 Millions of yen
Results for the three months of the current quarter
Operating revenue
8,355 Millions of yen
Operating profit
388 Millions of yen
Ordinary income
386 Millions of yen
Net income
189 Millions of yen
Full-year earnings forecast
Operating revenue
36,870 Millions of yen
Operating profit
2,400 Millions of yen
Ordinary income
2,350 Millions of yen
Profit attributable to owners of the parent
1,410 Millions of yen
Earnings per share
¥58.5
Dividend amount
15 yen per share
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in revenue from the logistics business807 Millions of yen
- Decrease in revenue from other businesses-3 Millions of yen
- Decrease in gross operating profit-146 Millions of yen
- Increase in selling, general and administrative expenses10 Millions of yen
- Decrease in operating profit-157 Millions of yen
New initiatives
- Opening 3 new logistics sites, including sites in Wakayama Prefecture
- Full-scale rollout of the internally developed Jobs system for external sale to companies in the same industry
- Increasing annual holidays from 105 days to 120 days
- Reducing drivers' overtime hours
- Operating solar power generation panels at all company-owned logistics sites
Key KPIsA metric the company considers important as a management benchmark.
- Number of locations73 Location
- Solar panel installation area12,455 ㎡
- Number of solar panels installed4,784 units
- Solar power generation capacity2,697 kW
- Projected annual power generation2,180 MWh
- Annual electricity reduction rate30.4 %
- Annual CO2 emissions reduction1,105.5 tonnes
- Drivers' overtime hours70 hours/month
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Handling volumeIncreased
- Product unit priceHigher
Segment results
- LogisticsSales8,169 Millions of yen
- OtherSales186 Millions of yen
Medium-term management plan targets
Medium-term management plan 2028 is mentioned, but specific target figures and target years are not disclosedFinancial targets
Equity ratio
41.8 %
Actual resultsEnd of the first quarter of the fiscal year ending December 2026
Number of stores and locations
Number at period-end73 Location
Number of store openings and closures during the period
Opening3
Number of employees
Number of Employees1,004 people
Number of temporary employees1,567 people
Annual Dividend
15 yen per share
Interim6
End of period9
Payout ratio
25.6 %
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | 8,355 Millions of yen (YoY +10.6%) |
| Operating profit | 388 Millions of yen (YoY -28.8%) |
| Ordinary income | 386 Millions of yen (YoY -32.2%) |
| Net income | 189 Millions of yen (YoY -42.4%) |
| Gross Profit Margin | 9 % |
| Operating profit margin | 4.6 % |
| Selling, general and administrative expenses | 366 Millions of yen |
| Results for the three months of the current quarter | Operating revenue 8,355 Millions of yen / Operating profit 388 Millions of yen / Ordinary income 386 Millions of yen / Net income 189 Millions of yen |
| Full-year earnings forecast | Operating revenue 36,870 Millions of yen / Operating profit 2,400 Millions of yen / Ordinary income 2,350 Millions of yen / Profit attributable to owners of the parent 1,410 Millions of yen / Earnings per share ¥58.5 / Dividend amount 15 yen per share |
| Segment results | Segment Logistics / Sales 8,169 Millions of yen / Year on year against the same period last year Not disclosed / Profit Not disclosed, Segment Other / Sales 186 Millions of yen / Year on year against the same period last year Not disclosed / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Increase in revenue from the logistics business 807 Millions of yen, Decrease in revenue from other businesses -3 Millions of yen, Decrease in gross operating profit -146 Millions of yen, Increase in selling, general and administrative expenses 10 Millions of yen, Decrease in operating profit -157 Millions of yen |
| Key KPIs | 73 Location, 12,455 ㎡, 4,784 units, 2,697 kW, 2,180 MWh, 30.4 %, 1,105.5 tonnes, 70 hours/month |
| Unit price and quantity metrics | Indicator Handling volume / Value Increased / Year on year against the same period last year Not disclosed, Indicator Product unit price / Value Higher / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number at period-end 73 Location / Number of store openings and closures during the period Opening 3 / Closures and consolidation Not disclosed |
| Number of employees | Number of Employees 1,004 people / Number of temporary employees 1,567 people / Change during the period Not disclosed / Hiring plan Not disclosed |
| Medium-term management plan targets | Medium-term management plan 2028 is mentioned, but specific target figures and target years are not disclosed |
| Financial targets | Equity ratio 41.8 % / Target Not disclosed |
| Annual Dividend | 15 yen per share |
| Payout ratio | 25.6 % |
| New initiatives | Opening 3 new logistics sites, including sites in Wakayama Prefecture, Full-scale rollout of the internally developed Jobs system for external sale to companies in the same industry, Increasing annual holidays from 105 days to 120 days, Reducing drivers' overtime hours, Operating solar power generation panels at all company-owned logistics sites |
Items this document does not state (9)
Progress against full-year forecastSelf-assessment against the planAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital 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.Operating revenue increased due to the opening of new sites, expansion of operations launched in the previous fiscal year and existing operations, higher handling volumes, and higher product unit prices. Profit decreased due to higher logistics costs, including on-site and external contracting costs and business improvement expenses incurred until operations at the Tokai SCM Center were standardized, as well as higher wages and revised charges from partner companies. Higher administrative personnel expenses and support costs resulting from the organizational restructuring also contributed to the decrease.
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