Worth reading
60In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
186.9
%Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales40,362Million yenYear on year +0.4%Progress 49.2%
Operating profit1,877Million yenYear on year -6.5%Progress 45.8%
Ordinary income2,577Million yenYear on year -3.7%Progress 49.6%
Net income attributable to owners of the parent4,988Million yenYear on year +186.9%Progress 71.3%
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¥174.07
Financial position at period-end
Total assets228,059Million yen
of which net assets 107,154 Million yenEquity ratio 46.8%vs. prior year-end +0.7pt
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+2,639
Investment-11,015
Financials-4,535
Net change-12,911
Stacked from zero: upward is an increase in cash, downward a decrease (in Million yen).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 period14,863 Million yen
Segment revenueLogistics Business 37,357 Million yen (YoY +0.1%), Real Estate Business 3,305 Million yen (YoY +5.9%)
Segment profitLogistics Business 2,553 Million yen (YoY -0.8%), Real Estate Business 1,003 Million yen (YoY +4.7%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales82,000 Million yen (YoY +2.5%)
Operating profit4,100 Million yen (YoY -4.4%)
Ordinary income5,200 Million yen (YoY -10.7%)
Net income7,000 Million yen (YoY +4.0%)
Revision to Earnings ForecastOperating revenue Not disclosed → 82,000 Million yen / Operating profit Not disclosed → 4,100 Million yen / Ordinary income Not disclosed → 5,200 Million yen / Net income Not disclosed → 7,000 Million yen
Annual Dividend Forecast70 yen (per share, before taking the stock split into account) → 78 yen (per share, before taking the stock split into account)（+11.4%）
Factors Behind Changes in Business Performance
Revenue increased as the logistics and real estate businesses performed steadily, while operating income declined due to higher selling, general and administrative expenses, mainly taxes and dues and other expenses. Net income increased due to the recognition of gains on the sale of investment securities.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNo (0 additions, 0 exclusions)
Material subsequent eventsStock split. One common share will be split into 2 shares, with 31 December 2026 as the record date and the split scheduled to take effect on 1 January 2027.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 49 Million yen, Gain on sales of investment securities 5,015 Million yen / Extraordinary loss Loss on disposal of fixed assets 184 Million yen
Depreciation and amortization2,666 Million yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (target audience: Not disclosed)
Issued Shares at Period-End30,360,000
Treasury Shares at Period-End1,804,211
| 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 | 40,362 Million yen (YoY +0.4%) |
| Operating profit | 1,877 Million yen (YoY -6.5%) |
| Ordinary income | 2,577 Million yen (YoY -3.7%) |
| Profit attributable to owners of the parent | 4,988 Million yen (YoY +186.9%) |
| Net income per share | ¥174.07 |
| Equity ratio | End of the current fiscal period 46.8 / End of previous period 46.1 |
| Total assets | 228,059 Million yen |
| Net assets | 107,154 Million yen |
| Cash flows from operating activities | 2,639 Million yen |
| Cash flows from investing activities | -11,015 Million yen |
| Cash flows from financing activities | -4,535 Million yen |
| Cash and cash equivalents at end of period | 14,863 Million yen |
| Full-year earnings forecast | Net Sales 82,000 Million yen (YoY +2.5%) / Operating profit 4,100 Million yen (YoY -4.4%) / Ordinary income 5,200 Million yen (YoY -10.7%) / Net income 7,000 Million yen (YoY +4.0%) |
| Revision to Earnings Forecast | Operating revenue Not disclosed → 82,000 Million yen / Operating profit Not disclosed → 4,100 Million yen / Ordinary income Not disclosed → 5,200 Million yen / Net income Not disclosed → 7,000 Million yen |
| Annual Dividend Forecast | 70 yen (per share, before taking the stock split into account) → 78 yen (per share, before taking the stock split into account)（+11.4%） |
| Segment revenue | Logistics Business 37,357 Million yen (YoY +0.1%), Real Estate Business 3,305 Million yen (YoY +5.9%) |
| Segment profit | Logistics Business 2,553 Million yen (YoY -0.8%), Real Estate Business 1,003 Million yen (YoY +4.7%) |
| Depreciation and amortization | 2,666 Million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 49 Million yen, Gain on sales of investment securities 5,015 Million yen / Extraordinary loss Loss on disposal of fixed assets 184 Million yen |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | No (0 additions, 0 exclusions) |
| Material subsequent events | Stock split. One common share will be split into 2 shares, with 31 December 2026 as the record date and the split scheduled to take effect on 1 January 2027. |
| Availability of Supplementary Financial Results Materials | Available |
| Availability of Financial Results Briefing | Yes (target audience: Not disclosed) |
| Issued Shares at Period-End | 30,360,000 |
| Treasury Shares at Period-End | 1,804,211 |
| Factors Behind Changes in Business Performance | Revenue increased as the logistics and real estate businesses performed steadily, while operating income declined due to higher selling, general and administrative expenses, mainly taxes and dues and other expenses. Net income increased due to the recognition of gains on the sale of investment securities. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Operating revenue increased as the logistics and real estate businesses performed steadily. Operating income declined despite higher revenue and lower operating costs, because selling, general and administrative expenses increased, mainly due to taxes and dues and other expenses. Interim net income attributable to owners of the parent increased due to the recognition of gains on the sale of investment securities.
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.