Revised forecast
Fiscal year ending March 2027 · Six-month consolidated cumulative period and full fiscal yearPrevious forecast published 13 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Market conditions for dry bulk vessels (handysize) in the ocean-going shipping business have remained stronger than initially expected, supported by firm cargo movements of grain and minor bulk commodities, as well as the impact of the situation in the Middle East. As favorable supply and demand conditions are expected to continue, market conditions are also expected to remain firm for the full year. The market assumption has been changed from US$12,548/day to US$13,372/day, and the foreign exchange assumption from ¥157.00/US$ to ¥159.00/US$.
| Item | Details |
|---|---|
| Net Sales | 2Q cumulative 21,872 / Full year 41,570 → 2Q cumulative 22,265 / Full year 43,253（2Q cumulative ＋1.8% / Full year ＋4.1%） |
| Operating profit | 2Q cumulative 2,186 / Full year 4,552 → 2Q cumulative 2,537 / Full year 5,649（2Q cumulative 16.1% / Full year ＋24.1%） |
| Ordinary income | 2Q cumulative 2,085 / Full year 4,326 → 2Q cumulative 2,745 / Full year 5,726（2Q cumulative ＋31.7% / Full year ＋32.4%） |
| Profit attributable to owners of the parent | 2Q cumulative 1,282 / Full year 2,914 → 2Q cumulative 1,715 / Full year 3,822（2Q cumulative ＋33.8% / Full year ＋31.2%） |
| Net income per share | 2Q cumulative 50.91 / Full year 115.72 → 2Q cumulative 68.11 / Full year 151.78 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Six-month consolidated cumulative period and full fiscal year |
| Publication date of previous forecast | 13 May 2026 |
| Previous-period results | Cumulative second-quarter period: revenue of ¥15,692 million, operating loss of ¥71 million, ordinary loss of ¥132 million, interim net loss attributable to owners of the parent of ¥9 million, and interim loss per share of ¥0.37. Fiscal year ended March 2026: revenue of ¥33,636 million, operating income of ¥2,158 million, ordinary income of ¥1,956 million, profit attributable to owners of the parent of ¥833 million, and basic earnings per share of ¥33.11. |
| Reason for the revision | Market conditions for dry bulk vessels (handysize) in the ocean-going shipping business have remained stronger than initially expected, supported by firm cargo movements of grain and minor bulk commodities, as well as the impact of the situation in the Middle East. As favorable supply and demand conditions are expected to continue, market conditions are also expected to remain firm for the full year. The market assumption has been changed from US$12,548/day to US$13,372/day, and the foreign exchange assumption from ¥157.00/US$ to ¥159.00/US$. |
| Dividend forecast revision | The total annual dividend has been revised from ¥34.72 to ¥45.53. The second-quarter-end dividend remains unchanged at ¥6.00, while the year-end dividend has been increased from ¥28.72 to ¥39.53. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Market conditions for dry bulk vessels (handysize) in the ocean-going shipping business have remained stronger than initially expected, supported by firm cargo movements of grain and minor bulk commodities, as well as the impact of the situation in the Middle East. The full-year market assumption has been changed from US$12,548/day to US$13,372/day, and the foreign exchange assumption from ¥157.00/US$ to ¥159.00/US$. The warehousing and transportation business and the real estate business are progressing generally in line with the assumptions made at the beginning of the fiscal year.