Worth reading
42Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
18.2
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales50,309¥ millionYear on year -0.3%Progress 98.6%
Operating profit3,427¥ millionYear on year +18.2%Progress 97.9%
Ordinary income3,704¥ millionYear on year +19.4%Progress 102.9%
Net income attributable to owners of the parent2,537¥ millionYear on year +16.0%Progress 74.6%
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¥388.74
Operating Margin6.8%
Financial position at period-end
Total assets59,770¥ million
of which net assets 33,793 ¥ millionEquity ratio 56.5%vs. prior year-end -2.7pt
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+5,625
Investment-12,113
Financials+2,719
Net change-3,769
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¥4,802 million
Segment revenueDomestic logistics business ¥28,946 million (YoY +1.7%), International Logistics Business ¥22,391 million (YoY -2.3%)
Segment profitDomestic logistics business ¥3,488 million (YoY +17.3%), International Logistics Business ¥1,600 million (YoY -2.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥51,000 million (YoY +1.4%)
Operating profit¥3,500 million (YoY +2.1%)
Ordinary income¥3,600 million (YoY -2.8%)
Net income¥3,400 million (YoY +34.0%)
Annual Dividend Forecast¥100 → ¥140（+50.0%）
Payout ratio25.7%
Shareholder Return PolicyThe basic policy is to pay stable dividends while securing the necessary retained earnings (no numerical target stated).
Factors Behind Changes in Business Performance
The domestic logistics business posted higher net sales and profit due to increased handling volumes in warehousing and cargo handling and motor-vehicle transportation. The international logistics business posted lower net sales and profit due to declines in air-cargo volumes and ocean freight rates.
Disclosure regarding the going concern assumption
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 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsThe relocation of the Yamashita Pier Distribution Center was completed on 30 April 2026, and ¥917 million in property relocation compensation will be received. In the fiscal year ending March 2027, the company plans to recognize ¥1,884 million, including amounts received in prior years, as extraordinary income and ¥385 million in demolition costs as an extraordinary loss.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income No applicable matters. / Extraordinary loss Losses on disposal of fixed assets ¥59 million
Depreciation and amortization¥1,896 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible attendees)
Issued Shares at Period-End6,536,445
Treasury Shares at Period-End7,907
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥50,309 million (YoY -0.3%) |
| Operating profit | ¥3,427 million (YoY +18.2%) |
| Ordinary income | ¥3,704 million (YoY +19.4%) |
| Profit attributable to owners of the parent | ¥2,537 million (YoY +16.0%) |
| Net income per share | ¥388.74 |
| Operating Margin | 6.8% |
| Equity ratio | End of the current fiscal period 56.5% / End of previous period 59.2% |
| Total assets | ¥59,770 million |
| Net assets | ¥33,793 million |
| Cash flows from operating activities | ¥5,625 million |
| Cash flows from investing activities | ¥-12,113 million |
| Cash flows from financing activities | ¥2,719 million |
| Cash and cash equivalents at end of period | ¥4,802 million |
| Full-year earnings forecast | Net Sales ¥51,000 million (YoY +1.4%) / Operating profit ¥3,500 million (YoY +2.1%) / Ordinary income ¥3,600 million (YoY -2.8%) / Net income ¥3,400 million (YoY +34.0%) |
| Annual Dividend Forecast | ¥100 → ¥140（+50.0%） |
| Payout ratio | 25.7% |
| Shareholder Return Policy | The basic policy is to pay stable dividends while securing the necessary retained earnings (no numerical target stated). |
| Segment revenue | Domestic logistics business ¥28,946 million (YoY +1.7%), International Logistics Business ¥22,391 million (YoY -2.3%) |
| Segment profit | Domestic logistics business ¥3,488 million (YoY +17.3%), International Logistics Business ¥1,600 million (YoY -2.3%) |
| Depreciation and amortization | ¥1,896 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income No applicable matters. / Extraordinary loss Losses on disposal of fixed assets ¥59 million |
| Disclosure regarding the going concern assumption | 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 | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | The relocation of the Yamashita Pier Distribution Center was completed on 30 April 2026, and ¥917 million in property relocation compensation will be received. In the fiscal year ending March 2027, the company plans to recognize ¥1,884 million, including amounts received in prior years, as extraordinary income and ¥385 million in demolition costs as an extraordinary loss. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No (no eligible attendees) |
| Issued Shares at Period-End | 6,536,445 |
| Treasury Shares at Period-End | 7,907 |
| Factors Behind Changes in Business Performance | The domestic logistics business posted higher net sales and profit due to increased handling volumes in warehousing and cargo handling and motor-vehicle transportation. The international logistics business posted lower net sales and profit due to declines in air-cargo volumes and ocean freight rates. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders received and order backlog
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 domestic logistics business posted higher net sales and profit due to increased handling volumes in warehousing and cargo handling and motor-vehicle transportation. In contrast, the international logistics business posted lower net sales and profit due to declines in air-cargo volumes and ocean freight rates. The forecast for the fiscal year ending March 2027 does not incorporate any impact from the situation in the Middle East.
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.