Worth reading
54Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
19.7
Year-on-year change in net sales (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales7,954 Millions of yen+19.7%
Operating profit234 Millions of yen+6.1%
Ordinary income286 Millions of yen+10.8%
Net income242 Millions of yen+35.9%
Gross Profit Margin
Rate16.2%
Year-on-year change (points)Down 2.6 percentage points from 18.8% in the same period of the previous year
Operating profit margin
Rate2.9%
Year-on-year change (points)Down 0.4 percentage points from 3.3% in the same period of the previous year
Full-year earnings forecast
Net Sales
16,500 Millions of yen
Operating profit
530 Millions of yen
Ordinary income
600 Millions of yen
Net income for the current fiscal year
440 Millions of yen
EPS
366.74 Yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales48.2% (upwardly revised forecast)
Operating profit44.2% (upwardly revised forecast)
Ordinary income47.7% (upwardly revised forecast)
Interim net profit55.1% (upwardly revised forecast)
Net sales (initial forecast)54.9%
Operating income (initial forecast)45.9%
Ordinary income (initial forecast)53.0%
Interim net income (initial forecast)60.6%
What the company explained in this material
New initiatives
- Entry into service of the new vessel “HKL Kikusui”
- Relocation of the Tokyo branch office
- Participation in the introduction of the first small fuel-cell truck in Kansai, in collaboration with partner companies and government authorities
- Continued efforts to secure seafarers and develop the next generation
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio43.9 %
- EPS (earnings per share)366.74 Yen
- Revenue mix by business (ocean shipping business)60 %
- Revenue mix by business (port operations and warehousing business)40 %
Segment results
Domestic Coastal Shipping
Net Sales
3,270 Millions of yen
Revenue YoY96.1%
Segment profit
111 Millions of yen
Segment profit, year on year65.0%
International Shipping
Net Sales
1,479 Millions of yen
Revenue YoY361.9%
Segment profit
61 Millions of yen
Segment profit, year on year150.5%
Port Operations
Net Sales
2,295 Millions of yen
Revenue YoY115.3%
Segment profit
201 Millions of yen
Segment profit, year on year106.8%
Warehouse Business
Net Sales
908 Millions of yen
Revenue YoY107.8%
Segment profit
73 Millions of yen
Segment profit, year on year260.0%
Medium-term management plan targets
The medium-term management plan, “Road to 2027: Evolution and True Value as a Comprehensive Logistics Company,” is mentioned, but target figures are Not disclosedMarket Size / Share
- Share of domestic freight transportation accounted for by coastal shipping38.3 %
- Share of Japan’s trade transported by sea99.5 %
- External dependence on iron ore100 %
- External dependence on crude oil99.7 %
Number of stores and locations
5 sales offices and 5 logistics sites. Number of locations opened or closed during the period: Not disclosedNumber of employees
Number of Employees239 People
Record date30 September 2026
Annual Dividend
Annual dividend per share110 Yen
Payout ratio
Rate30.1 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | 7,954 Millions of yen (YoY +19.7%) |
| Operating profit | 234 Millions of yen (YoY +6.1%) |
| Ordinary income | 286 Millions of yen (YoY +10.8%) |
| Net income | 242 Millions of yen (YoY +35.9%) |
| Gross Profit Margin | Rate 16.2% / Year-on-year change (points) Down 2.6 percentage points from 18.8% in the same period of the previous year |
| Operating profit margin | Rate 2.9% / Year-on-year change (points) Down 0.4 percentage points from 3.3% in the same period of the previous year |
| Full-year earnings forecast | Net Sales 16,500 Millions of yen / Operating profit 530 Millions of yen / Ordinary income 600 Millions of yen / Net income for the current fiscal year 440 Millions of yen / EPS 366.74 Yen |
| Progress against full-year forecast | Net Sales 48.2% (upwardly revised forecast) / Operating profit 44.2% (upwardly revised forecast) / Ordinary income 47.7% (upwardly revised forecast) / Interim net profit 55.1% (upwardly revised forecast) / Net sales (initial forecast) 54.9% / Operating income (initial forecast) 45.9% / Ordinary income (initial forecast) 53.0% / Interim net income (initial forecast) 60.6% |
| Segment results | Domestic Coastal Shipping Net Sales 3,270 Millions of yen / Revenue YoY 96.1% / Segment profit 111 Millions of yen / Segment profit, year on year 65.0% / International Shipping Net Sales 1,479 Millions of yen / Revenue YoY 361.9% / Segment profit 61 Millions of yen / Segment profit, year on year 150.5% / Port Operations Net Sales 2,295 Millions of yen / Revenue YoY 115.3% / Segment profit 201 Millions of yen / Segment profit, year on year 106.8% / Warehouse Business Net Sales 908 Millions of yen / Revenue YoY 107.8% / Segment profit 73 Millions of yen / Segment profit, year on year 260.0% |
| Key KPIs | Indicator name Equity ratio / Value 43.9 % / Year on year against the same period last year Not disclosed, Indicator name EPS (earnings per share) / Value 366.74 Yen / Year on year against the same period last year Not disclosed, Indicator name Revenue mix by business (ocean shipping business) / Value 60 % / Year on year against the same period last year Not disclosed, Indicator name Revenue mix by business (port operations and warehousing business) / Value 40 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | 5 sales offices and 5 logistics sites. Number of locations opened or closed during the period: Not disclosed |
| Number of employees | Number of Employees 239 People / Record date 30 September 2026 / Changes during the period and hiring plan Not disclosed |
| Medium-term management plan targets | The medium-term management plan, “Road to 2027: Evolution and True Value as a Comprehensive Logistics Company,” is mentioned, but target figures are Not disclosed |
| Annual Dividend | Annual dividend per share 110 Yen / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Rate 30.1 % / Total payout ratio and DOE Not disclosed |
| Market Size / Share | Indicator Share of domestic freight transportation accounted for by coastal shipping / Value 38.3 %, Indicator Share of Japan’s trade transported by sea / Value 99.5 %, Indicator External dependence on iron ore / Value 100 %, Indicator External dependence on crude oil / Value 99.7 % |
| New initiatives | Entry into service of the new vessel “HKL Kikusui”, Relocation of the Tokyo branch office, Participation in the introduction of the first small fuel-cell truck in Kansai, in collaboration with partner companies and government authorities, Continued efforts to secure seafarers and develop the next generation |
Items this document does not state (12)
Selling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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 ocean shipping business, revenue increased through spot projects involving construction machinery for the Middle East, logistics proposals and orders for ODA projects. In the port operations and warehousing businesses, customs clearance volumes, price revisions, new cargo and container handling volumes increased. The domestic shipping business was sluggish because of weak demand for steel products and rising costs, including fuel costs, but overall revenue and profits increased. The upward revision to the full-year forecasts reflects higher revenue from spot projects in the ocean shipping business, the flow-through effect of higher revenue, dividend income and the recording of handling fees not included in the initial plan.
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.