Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
190
Millions of yenWording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales3,597Millions of yenYear on year +4.4%Progress 25.9%
Operating profit135Millions of yenYear on year +127.0%Progress 25.5%
Ordinary income249Millions of yenYear on year +59.7%Progress 40.8%
Net income attributable to owners of the parent470Millions of yenYear on year +220.9%
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¥178.94
Financial position at period-end
Total assets41,087Millions of yen
of which net assets 20,264 Millions of yenEquity ratio 49.3%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.
Segment revenueTransportation ¥2,630,117 thousand (YoY +2.6%), Real estate business ¥68,065 thousand (YoY +2.0%), Hotels ¥641,838 thousand (YoY +9.2%), Related Businesses ¥257,800 thousand (YoY +10.1%)
Segment profitTransportation ¥4,654 thousand (YoY -79.6%), Real estate business ¥35,535 thousand (YoY +3.8%), Hotels ¥89,155 thousand, Related Businesses ¥10,880 thousand (YoY +120.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales13,900 Millions of yen (YoY +0.3%)
Operating profit530 Millions of yen (YoY +7.9%)
Ordinary income610 Millions of yen (YoY -0.0%)
Profit attributable to owners of the parent700 Millions of yen (YoY -34.3%)
Revision to Earnings ForecastNet Sales 13,900 Millions of yen → 13,900 Millions of yen / Operating profit 530 Millions of yen → 530 Millions of yen / Ordinary income 610 Millions of yen → 610 Millions of yen / Profit attributable to owners of the parent 510 Millions of yen → 700 Millions of yen（+37.3%）
Annual Dividend Forecast¥60.00 → ¥40.00
Factors Behind Changes in Business Performance
In the transport division, cargo movements slowed in some areas due to the situation in the Middle East. At the same time, cargo handled for storage increased as a result of revised handling charges, loading and unloading work for spot cargo, and the acquisition of Nihonkai Warehouse as a subsidiary, although labor costs increased. The hotel business division performed well due to the effects of room renovations, events held within the prefecture, and increased accommodation demand. Profit attributable to owners of the parent increased, partly due to the recognition of a ¥287,456 thousand gain on negative goodwill.
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 1 / Name of newly added company 日本海倉庫株式会社 / Excluded 0 / Excluded Company Name Not disclosed
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,879 thousand, Gain on bargain purchase ¥287,456 thousand / Extraordinary loss Losses on disposal of fixed assets ¥6,539 thousand
Depreciation and amortization¥198,658 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End2,700,000 Shares
Treasury Shares at Period-End65,056 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | 3,597 Millions of yen (YoY +4.4%) |
| Operating profit | 135 Millions of yen (YoY +127.0%) |
| Ordinary income | 249 Millions of yen (YoY +59.7%) |
| Profit attributable to owners of the parent | 470 Millions of yen (YoY +220.9%) |
| Net income per share | ¥178.94 |
| Equity ratio | End of the current fiscal period 49.3% / End of previous period 50.0% |
| Total assets | 41,087 Millions of yen |
| Net assets | 20,264 Millions of yen |
| Full-year earnings forecast | Net Sales 13,900 Millions of yen (YoY +0.3%) / Operating profit 530 Millions of yen (YoY +7.9%) / Ordinary income 610 Millions of yen (YoY -0.0%) / Profit attributable to owners of the parent 700 Millions of yen (YoY -34.3%) |
| Revision to Earnings Forecast | Net Sales 13,900 Millions of yen → 13,900 Millions of yen / Operating profit 530 Millions of yen → 530 Millions of yen / Ordinary income 610 Millions of yen → 610 Millions of yen / Profit attributable to owners of the parent 510 Millions of yen → 700 Millions of yen（+37.3%） |
| Annual Dividend Forecast | ¥60.00 → ¥40.00 |
| Segment revenue | Transportation ¥2,630,117 thousand (YoY +2.6%), Real estate business ¥68,065 thousand (YoY +2.0%), Hotels ¥641,838 thousand (YoY +9.2%), Related Businesses ¥257,800 thousand (YoY +10.1%) |
| Segment profit | Transportation ¥4,654 thousand (YoY -79.6%), Real estate business ¥35,535 thousand (YoY +3.8%), Hotels ¥89,155 thousand, Related Businesses ¥10,880 thousand (YoY +120.8%) |
| Depreciation and amortization | ¥198,658 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,879 thousand, Gain on bargain purchase ¥287,456 thousand / Extraordinary loss Losses on disposal of fixed assets ¥6,539 thousand |
| 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 1 / Name of newly added company 日本海倉庫株式会社 / Excluded 0 / Excluded Company Name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 2,700,000 Shares |
| Treasury Shares at Period-End | 65,056 Shares |
| Factors Behind Changes in Business Performance | In the transport division, cargo movements slowed in some areas due to the situation in the Middle East. At the same time, cargo handled for storage increased as a result of revised handling charges, loading and unloading work for spot cargo, and the acquisition of Nihonkai Warehouse as a subsidiary, although labor costs increased. The hotel business division performed well due to the effects of room renovations, events held within the prefecture, and increased accommodation demand. Profit attributable to owners of the parent increased, partly due to the recognition of a ¥287,456 thousand gain on negative goodwill. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial subsequent events
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.A gain on negative goodwill of ¥287 million was recognized in connection with Nihonkai Warehouse Co., Ltd. becoming a subsidiary on 1 April 2026. In terms of first-quarter performance, the accommodation division of the hotel business performed well, while the transport division reported lower income due to slower cargo movements and higher labor costs.
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.