Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 7 August 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.
The market for dry bulk vessels (handy size) in the oceangoing shipping business remained above the initial assumptions, driven by factors including firm cargo demand, increased ton-miles resulting from the prolonged tensions in the Middle East, and the progress of slow steaming in response to higher fuel oil prices. Expecting favorable supply and demand conditions to continue, the market assumption changed from US$13,372/day to US$14,505/day, and the foreign exchange assumption changed from ¥159.00/US$ to ¥158.00/US$. The warehousing and transportation business and the real estate business are progressing generally in line with the initial assumptions for the fiscal year.
| Item | Details |
|---|---|
| Net Sales | 43,253 Million yen → 46,462 Million yen（+7.4%） |
| Operating profit | 5,649 Million yen → 7,324 Million yen（+29.7%） |
| Ordinary income | 5,726 Million yen → 6,753 Million yen（+17.9%） |
| Profit attributable to owners of the parent | 3,822 Million yen → 4,456 Million yen（+16.6%） |
| Net income per share | 151.78 Yen and sen → 176.72 Yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 7 August 2026 |
| Previous-period results | Revenue ¥33,636 million, operating profit ¥2,158 million, ordinary profit ¥1,956 million, net income attributable to owners of the parent ¥833 million, earnings per share ¥33.11 (fiscal year ended March 2026) |
| Reason for the revision | The market for dry bulk vessels (handy size) in the oceangoing shipping business remained above the initial assumptions, driven by factors including firm cargo demand, increased ton-miles resulting from the prolonged tensions in the Middle East, and the progress of slow steaming in response to higher fuel oil prices. Expecting favorable supply and demand conditions to continue, the market assumption changed from US$13,372/day to US$14,505/day, and the foreign exchange assumption changed from ¥159.00/US$ to ¥158.00/US$. The warehousing and transportation business and the real estate business are progressing generally in line with the initial assumptions for the fiscal year. |
| Dividend forecast revision | Total annual dividends changed from ¥45.53 to ¥57.05. The year-end dividend forecast was increased from ¥39.53 to ¥51.05. The actual dividend at the end of the second quarter of the current fiscal year was ¥6.00. |
| 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.The market for dry bulk vessels (handy size) in the oceangoing shipping business remained above the initial assumptions, driven by factors including firm cargo demand, increased ton-miles resulting from the prolonged tensions in the Middle East, and the progress of slow steaming in response to higher fuel oil prices. The company expects favorable supply and demand conditions to continue and has revised its market and foreign exchange assumptions.