Worth reading
72In 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
14.1
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsQ3 FY202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales26,818 Millions of yen+9.1%
Operating profit1,494 Millions of yen-14.1%
Ordinary income1,474 Millions of yen-15.9%
Net income918 Millions of yen-12.8%
Gross Profit Margin9.9 %
Operating profit margin5.5 %
Selling, general and administrative expenses1,166 Millions of yen
Results for the three months of the current quarterQuarter-only results, including operating revenue of ¥9,315 million and an operating margin of 5.3%, are presented.
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 Yen
Dividend amount
15 Yen
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。
Operating revenue72.7 %
Operating profit62.2 %
Ordinary income62.7 %
Profit attributable to owners of the parent65.1 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The company expects revenue growth and a recovery in profit in the fourth quarter toward achieving its full-year plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating revenue
- Increase in the logistics business +¥2,268 million
- Decrease in other operating revenue -¥15 million
- Operations launched in the previous period +¥516 million
- Existing operations +¥379 million
- Newly launched operations -¥463 million
- M&A contribution +¥139 million
Gross operating profit
- Higher revenue from operations launched in the previous period
- Higher handling volumes and unit prices
- Increase in on-site outsourcing and support costs at the Tokai SCM Center
- Increase in logistics costs due to wage increases and fee revisions by partner companies
Operating profit
- Decline in operating gross profit
- Increase in administrative personnel expenses due to organizational restructuring
- Increase in support costs associated with improvements at the Tokai SCM Center
- M&A brokerage fees incurred
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Continued 10% growth in operating revenue, the revenue contribution from operations launched in the previous period, higher handling volumes in existing operations, and a recovery in the profit margin through improvements at the Tokai SCM CenterNew initiatives
- Opening of the Maebashi Sosha temperature-controlled distribution center
- Launch of external sales of TMS and WMS to peer companies
- Annual holidays changed from 105 days to 120 days
- Publication of the Sustainability Report
- Holding of the 2nd Occupational Health and Safety Conference
Key KPIsA metric the company considers important as a management benchmark.
- Number of locations76 sites
- Number of employees1,078 people
- Participants in the occupational health and safety conference, including partner companies155 People
- Number of partner companies participating74 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Handling volumeIncreasedYear on year against the same period last yearIncreased
- Product unit priceIncreasedYear on year against the same period last yearIncreased
Segment results
Operating revenue from the logistics business was ¥26,197 million, up 6.5% year on year (based on the total of the breakdown). Other operating revenue was ¥621 million, down 2.3% year on year. Segment profit: Not disclosedFinancial targets
Equity ratio
Actual results43.7 %
Number of stores and locations
Number at period-end76 sites
Number of store openings and closures during the periodOpened the Maebashi Sosha temperature-controlled distribution center in August 2026. Consolidated 2 M&A companies in July 2026.
Number of employees
Number of Employees1,078 people
Hiring planImproved the working environment to attract and retain employees.
Capital expenditures
200 Millions of yen
Annual Dividend
Annual dividend per share15 Yen
Interim6 Yen
End of period9 Yen
Payout ratio
Rate25.6 %
DOE4.1 %
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | 26,818 Millions of yen (YoY +9.1%) |
| Operating profit | 1,494 Millions of yen (YoY -14.1%) |
| Ordinary income | 1,474 Millions of yen (YoY -15.9%) |
| Net income | 918 Millions of yen (YoY -12.8%) |
| Gross Profit Margin | 9.9 % |
| Operating profit margin | 5.5 % |
| Selling, general and administrative expenses | 1,166 Millions of yen |
| Results for the three months of the current quarter | Quarter-only results, including operating revenue of ¥9,315 million and an operating margin of 5.3%, are presented. |
| 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 Yen / Dividend amount 15 Yen |
| Progress against full-year forecast | Operating revenue 72.7 % / Operating profit 62.2 % / Ordinary income 62.7 % / Profit attributable to owners of the parent 65.1 % |
| Self-assessment against the plan | The company expects revenue growth and a recovery in profit in the fourth quarter toward achieving its full-year plan. |
| Segment results | Operating revenue from the logistics business was ¥26,197 million, up 6.5% year on year (based on the total of the breakdown). Other operating revenue was ¥621 million, down 2.3% year on year. Segment profit: Not disclosed |
| Breakdown of Factors Affecting the Change | Operating revenue Increase in the logistics business +¥2,268 million, Decrease in other operating revenue -¥15 million, Operations launched in the previous period +¥516 million, Existing operations +¥379 million, Newly launched operations -¥463 million, M&A contribution +¥139 million / Gross operating profit Higher revenue from operations launched in the previous period, Higher handling volumes and unit prices, Increase in on-site outsourcing and support costs at the Tokai SCM Center, Increase in logistics costs due to wage increases and fee revisions by partner companies / Operating profit Decline in operating gross profit, Increase in administrative personnel expenses due to organizational restructuring, Increase in support costs associated with improvements at the Tokai SCM Center, M&A brokerage fees incurred |
| Key KPIs | Indicator name Number of locations / Value 76 sites / Year on year against the same period last year Not disclosed, Indicator name Number of employees / Value 1,078 people / Year on year against the same period last year Not disclosed, Indicator name Participants in the occupational health and safety conference, including partner companies / Value 155 People / Year on year against the same period last year Not disclosed, Indicator name Number of partner companies participating / Value 74 companies / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Handling volume / Value Increased / Year on year against the same period last year Increased, Indicator name Product unit price / Value Increased / Year on year against the same period last year Increased |
| Number of stores and locations | Number at period-end 76 sites / Number of store openings and closures during the period Opened the Maebashi Sosha temperature-controlled distribution center in August 2026. Consolidated 2 M&A companies in July 2026. |
| Number of employees | Number of Employees 1,078 people / Change during the period Not disclosed / Hiring plan Improved the working environment to attract and retain employees. |
| Assumptions Underlying the Business Outlook | Continued 10% growth in operating revenue, the revenue contribution from operations launched in the previous period, higher handling volumes in existing operations, and a recovery in the profit margin through improvements at the Tokai SCM Center |
| Financial targets | Equity ratio Actual results 43.7 % / Other Not disclosed |
| Annual Dividend | Annual dividend per share 15 Yen / Interim 6 Yen / End of period 9 Yen |
| Payout ratio | Rate 25.6 % / DOE 4.1 % |
| Capital expenditures | 200 Millions of yen |
| New initiatives | Opening of the Maebashi Sosha temperature-controlled distribution center, Launch of external sales of TMS and WMS to peer companies, Annual holidays changed from 105 days to 120 days, Publication of the Sustainability Report, Holding of the 2nd Occupational Health and Safety Conference |
Items this document does not state (6)
Risk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesOrders 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 full-year operation of locations opened in the previous period, business expansion, and M&A. Factors contributing to the decline in profit included higher on-site outsourcing and support costs associated with profit improvement activities at the Tokai SCM Center, higher logistics costs due to wage increases and fee revisions by partner companies, higher administrative personnel expenses resulting from organizational restructuring, and M&A brokerage fees.
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.