Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in Thousands of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
On domestic scheduled routes, cargo handling volumes increased as shipments of finished vehicles remained firm, but the sharp rise in fuel oil prices was not reflected in the fuel oil price adjustment charge quickly enough, resulting in higher revenue but lower profit. Nearshore routes saw lower revenue and lower profit due to the stagnation of the Chinese economy and persistently high fuel oil prices. The hotel business posted higher revenue and profit due to an increase in tourists from within Hokkaido and higher room rates, while the real estate business posted higher revenue and profit due to rent revisions.
None. The notes on the going concern assumption state: “There are no applicable matters.”
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥28,258 million (YoY +4.8%) |
| Operating profit | ¥834 million (YoY -40.7%) |
| Ordinary income | ¥1,115 million (YoY -38.6%) |
| Profit attributable to owners of the parent | ¥-1,698 million |
| Net income per share | -¥141.55 |
| Equity ratio | End of the current fiscal period 41.7 / End of previous period 41.4 |
| Total assets | ¥79,298 million |
| Net assets | ¥34,336 million |
| Cash flows from operating activities | 847,330 Thousands of yen |
| Cash flows from investing activities | -1,840,470 Thousands of yen |
| Cash flows from financing activities | -1,259,870 Thousands of yen |
| Cash and cash equivalents at end of period | 9,974,142 Thousands of yen |
| Full-year earnings forecast | Net Sales ¥56,500 million (YoY +5.0%) / Operating profit ¥2,000 million (YoY -3.9%) / Ordinary income ¥2,400 million (YoY -16.8%) / Net income ¥650 million (YoY -82.5%) |
| Revision to Earnings Forecast | Net Sales ¥54,500 million → ¥56,500 million（+3.7%） / Operating profit ¥2,200 million → ¥2,000 million（-9.1%） / Ordinary income ¥2,600 million → ¥2,400 million（-7.7%） / Net income ¥1,700 million → ¥650 million（-61.8%） |
| Annual Dividend Forecast | ¥60 → ¥30（-50.0%） |
| Segment revenue | Shipping Business ¥25,616 million (YoY +2.7%), Hotel Business ¥1,353 million (YoY +7.6%), Real Estate Business ¥352 million (YoY +5.5%) |
| Segment profit | Shipping Business ¥657 million (YoY -51.0%), Hotel Business ¥66 million (YoY +194.2%), Real Estate Business ¥130 million (YoY +7.9%) |
| Depreciation and amortization | 1,758,253 Thousands of yen |
| Impairment loss | 2,288,463 Thousands of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of fixed assets 10,879 Thousands of yen, Gain on sale of investment securities 66 Thousands of yen / Extraordinary loss Impairment loss 2,288,463 Thousands of yen, Loss on disposal of fixed assets 26,335 Thousands of yen |
| Disclosure regarding the going concern assumption | None. The notes on the going concern assumption state: “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 No |
| Changes in the scope of consolidation | Newly included: 0 companies; excluded: 0 companies. “There are no applicable items.” |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | None (対象者：Not applicable) |
| Issued Shares at Period-End | 12,739,696 |
| Treasury Shares at Period-End | 841,085 |
| Factors Behind Changes in Business Performance | On domestic scheduled routes, cargo handling volumes increased as shipments of finished vehicles remained firm, but the sharp rise in fuel oil prices was not reflected in the fuel oil price adjustment charge quickly enough, resulting in higher revenue but lower profit. Nearshore routes saw lower revenue and lower profit due to the stagnation of the Chinese economy and persistently high fuel oil prices. The hotel business posted higher revenue and profit due to an increase in tourists from within Hokkaido and higher room rates, while the real estate business posted higher revenue and profit due to rent revisions. |
Items this document does not state (5)
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.Profit declined because the sharp rise in fuel oil prices was not reflected in the fuel oil price adjustment charge quickly enough, while cargo costs, crew costs and materials and equipment costs increased, and the Chinese economy stagnated on nearshore routes. The interim net loss attributable to owners of the parent resulted from the recognition of ¥2,288 million in impairment losses on vessels in the shipping business. The full-year forecast was revised based on the interim results and the expected recognition of approximately ¥2.2 billion in gains on the sale of investment securities.