Results for this period
Full year1 April 2025–31 March 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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The logistics business reported higher revenue and profit due to increased occupancy at newly developed logistics facilities, the launch of new customer relationships and expanded transactions with existing customers. The real estate business benefited from the smooth operation of a mixed-use building at the west exit of Yokohama Station. Net income attributable to owners of the parent increased due to the recognition of gains on the sale of real estate holdings and investment securities as extraordinary income, among other factors.
Not applicable.
| 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 | ¥80,028 million (YoY +6.5%) |
| Operating profit | ¥4,289 million (YoY +22.0%) |
| Ordinary income | ¥5,822 million (YoY +17.0%) |
| Profit attributable to owners of the parent | ¥6,728 million (YoY +140.1%) |
| Net income per share | ¥232.33 |
| Operating Margin | Current fiscal year 5.4 % / Prior-year period 4.7 % |
| Equity ratio | End of the current fiscal period 46.1 / End of previous period 44.6 |
| Total assets | ¥234,046 million |
| Net assets | ¥108,408 million |
| Cash flows from operating activities | ¥8,980 million |
| Cash flows from investing activities | ¥-3,374 million |
| Cash flows from financing activities | ¥1,691 million |
| Cash and cash equivalents at end of period | ¥27,676 million |
| Full-year earnings forecast | Net Sales ¥82,000 million (YoY +2.5%) / Operating profit ¥4,100 million (YoY -4.4%) / Ordinary income ¥5,200 million (YoY -10.7%) / Profit attributable to owners of the parent ¥6,200 million (YoY -7.9%) |
| Annual Dividend Forecast | ¥70 per share → ¥74 per share（+5.7%） |
| Payout ratio | Fiscal year ending March 2026 30.1 % / Forecast for the fiscal year ending March 2027 34.5 % |
| Shareholder Return Policy | A consolidated dividend payout ratio of at least 30% and a consolidated total payout ratio of approximately 45%. The company aims to increase dividends progressively. |
| Segment revenue | Logistics ¥74,186 million (YoY +6.9%), Real Estate Business ¥6,480 million (YoY +4.0%) |
| Segment profit | Logistics ¥5,342 million (YoY +16.9%), Real Estate Business ¥2,026 million (YoY +10.0%) |
| Depreciation and amortization | ¥4,969 million |
| Impairment loss | ¥10 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,715 million, Gain on sale of investment securities ¥2,416 million / Extraordinary loss Loss on sale of fixed assets ¥1 million, Loss on disposal of fixed assets ¥116 million, Impairment loss on investment securities ¥10 million, Other ¥5 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | On 10 April 2026, the company acquired 32,000 shares of Teijin Logistics Co., Ltd. for ¥1,300 million, bringing its ownership interest to 20%. The company will become an equity-method affiliate from the fiscal year ending March 2027. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Not disclosed |
| Issued Shares at Period-End | 30,360,000 Shares |
| Treasury Shares at Period-End | 1,483,411 Shares |
| Factors Behind Changes in Business Performance | The logistics business reported higher revenue and profit due to increased occupancy at newly developed logistics facilities, the launch of new customer relationships and expanded transactions with existing customers. The real estate business benefited from the smooth operation of a mixed-use building at the west exit of Yokohama Station. Net income attributable to owners of the parent increased due to the recognition of gains on the sale of real estate holdings and investment securities as extraordinary income, among other factors. |
Items this document does not state (3)
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.In the logistics business, higher revenue and profit were driven by increased occupancy at newly developed logistics facilities, the launch of new customer relationships and expanded transactions with existing customers. In the real estate business, a mixed-use building at the west exit of Yokohama Station operated smoothly. Net income increased due to the recognition of gains on the sale of real estate holdings and investment securities as extraordinary income, among other factors. The expected decline in operating income in the next fiscal year is attributable to higher costs associated with expanding logistics facilities and strengthening management infrastructure.