Worth reading
53Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
56.7
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedIFRSNet Sales1,356,614¥ millionYear on year +6.7%Progress 49.3%
Operating profit44,796¥ millionYear on year +56.7%Progress 37.3%
Ordinary income37,359¥ millionYear on year +75.7%
Net income attributable to owners of the parent24,282¥ millionYear on year +186.8%Progress 34.7%
The 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.
Net income per share¥100.42
Financial position at period-end
Total assets2,357,655¥ million
of which net assets 855,421 ¥ millionEquity ratio 35.5%vs. prior year-end +1.2pt
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.
Cash inflows and outflows
Operating+76,028
Investment-28,990
Financials-110,571
Net change-63,533
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥223,464 million
Segment revenueJapan (Logistics) ¥643,444 million (YoY +2.8%), Americas (Logistics) ¥70,427 million (YoY +1.7%), Europe (Logistics) ¥301,175 million (YoY +20.6%), East Asia (Logistics) ¥93,535 million (YoY +16.0%), South Asia and Oceania (Logistics) ¥97,197 million (YoY +31.6%), Security Transportation ¥35,119 million (YoY +2.0%), Heavy Cargo Transportation and Installation ¥28,048 million (YoY +13.1%), Logistics Support ¥208,661 million (YoY -7.2%)
Segment profitJapan (Logistics) ¥27,819 million (YoY +44.3%), Americas (Logistics) ¥2,052 million (YoY -41.0%), Europe (Logistics) ¥4,120 million (YoY +17.8%), East Asia (Logistics) ¥2,695 million (YoY -0.5%), South Asia and Oceania (Logistics) ¥4,252 million (YoY +116.2%), Security Transportation ¥1,465 million (YoY +3.6%), Heavy Cargo Transportation and Installation ¥3,794 million (YoY +62.7%), Logistics Support ¥9,441 million (YoY +26.6%)
Regional sales¥643,444 million (YoY +2.8%), ¥70,427 million (YoY +1.7%), ¥301,175 million (YoY +20.6%), ¥93,535 million (YoY +16.0%), ¥97,197 million (YoY +31.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,750,000 million (YoY +6.8%)
Operating profit¥120,000 million (YoY +133.1%)
Income before taxes¥105,000 million (YoY +151.4%)
Net income¥70,000 million
Revision to Earnings ForecastRevenue ¥2,700,000 million → ¥2,750,000 million（+1.9%） / Operating profit ¥100,000 million → ¥120,000 million（+20.0%） / Income before taxes ¥90,000 million → ¥105,000 million（+16.7%） / Profit for the period attributable to owners of the parent ¥60,000 million → ¥70,000 million（+16.7%）
Annual Dividend Forecast¥100 → ¥100（0.0%）
Factors Behind Changes in Business Performance
Revenue and profit increased due to firm air and ocean freight volumes, as well as the effects of rate revisions, business restructuring and functional integration. The full-year forecast was revised upward to reflect the expected recovery in international logistics, particularly shipments originating in Asia, the expected continued strength of domestic logistics, and anticipated gains from accelerating the disposal of low-profitability real estate.
Disclosure regarding the going concern assumption
None (the note on the going concern assumption states, “There are no applicable matters.”)
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Impairment loss¥10 million
Depreciation and amortization¥100,840 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End243,000,000 Shares
Treasury Shares at Period-End3,533,080 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥1,356,614 million (YoY +6.7%) |
| Operating profit | ¥44,796 million (YoY +56.7%) |
| Ordinary income | ¥37,359 million (YoY +75.7%) |
| Profit attributable to owners of the parent | ¥24,282 million (YoY +186.8%) |
| Net income per share | ¥100.42 |
| Equity ratio | End of the current fiscal period 35.5 / End of previous period 34.3 |
| Total assets | ¥2,357,655 million |
| Net assets | ¥855,421 million |
| Cash flows from operating activities | ¥76,028 million |
| Cash flows from investing activities | ¥-28,990 million |
| Cash flows from financing activities | ¥-110,571 million |
| Cash and cash equivalents at end of period | ¥223,464 million |
| Full-year earnings forecast | Net Sales ¥2,750,000 million (YoY +6.8%) / Operating profit ¥120,000 million (YoY +133.1%) / Income before taxes ¥105,000 million (YoY +151.4%) / Net income ¥70,000 million |
| Revision to Earnings Forecast | Revenue ¥2,700,000 million → ¥2,750,000 million（+1.9%） / Operating profit ¥100,000 million → ¥120,000 million（+20.0%） / Income before taxes ¥90,000 million → ¥105,000 million（+16.7%） / Profit for the period attributable to owners of the parent ¥60,000 million → ¥70,000 million（+16.7%） |
| Annual Dividend Forecast | ¥100 → ¥100（0.0%） |
| Segment revenue | Japan (Logistics) ¥643,444 million (YoY +2.8%), Americas (Logistics) ¥70,427 million (YoY +1.7%), Europe (Logistics) ¥301,175 million (YoY +20.6%), East Asia (Logistics) ¥93,535 million (YoY +16.0%), South Asia and Oceania (Logistics) ¥97,197 million (YoY +31.6%), Security Transportation ¥35,119 million (YoY +2.0%), Heavy Cargo Transportation and Installation ¥28,048 million (YoY +13.1%), Logistics Support ¥208,661 million (YoY -7.2%) |
| Segment profit | Japan (Logistics) ¥27,819 million (YoY +44.3%), Americas (Logistics) ¥2,052 million (YoY -41.0%), Europe (Logistics) ¥4,120 million (YoY +17.8%), East Asia (Logistics) ¥2,695 million (YoY -0.5%), South Asia and Oceania (Logistics) ¥4,252 million (YoY +116.2%), Security Transportation ¥1,465 million (YoY +3.6%), Heavy Cargo Transportation and Installation ¥3,794 million (YoY +62.7%), Logistics Support ¥9,441 million (YoY +26.6%) |
| Regional sales | ¥643,444 million (YoY +2.8%), ¥70,427 million (YoY +1.7%), ¥301,175 million (YoY +20.6%), ¥93,535 million (YoY +16.0%), ¥97,197 million (YoY +31.6%) |
| Depreciation and amortization | ¥100,840 million |
| Impairment loss | ¥10 million |
| Disclosure regarding the going concern assumption | None (the note on the going concern assumption states, “There are no applicable matters.”) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 243,000,000 Shares |
| Treasury Shares at Period-End | 3,533,080 Shares |
| Factors Behind Changes in Business Performance | Revenue and profit increased due to firm air and ocean freight volumes, as well as the effects of rate revisions, business restructuring and functional integration. The full-year forecast was revised upward to reflect the expected recovery in international logistics, particularly shipments originating in Asia, the expected continued strength of domestic logistics, and anticipated gains from accelerating the disposal of low-profitability real estate. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyOrders received and order backlogBreakdown of extraordinary income (loss)Material subsequent events
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.Air and ocean freight volumes remained firm, while rate revisions and the effects of business restructuring and functional integration also contributed. The full-year forecast was revised to reflect the expected recovery in international logistics, particularly shipments originating in Asia, the expected continued strength of domestic logistics, and anticipated gains from accelerating the disposal of low-profitability real estate.
How to read this page
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