K.R.S.Corporation

The Group operates a nationwide logistics network that connects producers and end users by leveraging its temperature-control technologies. It has formulated Group Vision 2036 and is pursuing medium- to long-term growth. The Group is implementing its Eighth Medium-Term Management Plan, covering the fiscal years ending November 2025 through November 2028, under the theme of “Ensuring the sustainability of logistics and creating new value.” Its basic policies are “Enhancing the domestic business,” “Expanding and further developing new business areas,” and “Strengthening the management foundation.” The Group’s segments comprise three businesses: joint logistics, dedicated logistics, and related businesses. For the interim period of the fiscal year ending November 2025, operating revenue was ¥102,735 million, up 3.1% year on year; operating profit was ¥2,960 million, down 3.6%; ordinary profit was ¥2,481 million, down 5.7%; and interim net profit attributable to owners of the parent was ¥1,263 million, down 13.9%. Operating results by segment were as follows: - Joint logistics: operating revenue of ¥69,071 million, up 1.9% year on year, and operating profit of ¥1,248 million, down 23.4%. - Dedicated logistics: operating revenue of ¥19,827 million, up 1.5% year on year, and operating profit of ¥761 million, up 13.9%. - Related businesses: operating revenue of ¥13,835 million, up 12.2% year on year, and operating profit of ¥937 million, up 23.6%. Trends in key financial indicators and other metrics for the interim consolidated periods of the 60th and 61st fiscal years have been disclosed. Total assets were in the ¥141.7 billion range, net assets were approximately ¥59.3 billion, the equity ratio was in the 33% range, and cash and cash equivalents at the end of the period were approximately ¥460 million. Cash and cash equivalents at the interim period-end were also approximately ¥460 million, with period-end balances ranging from ¥4,529 million to ¥4,608 million. Cash flow from operating activities was approximately ¥4.4 billion to ¥4.5 billion, cash flow from investing activities was approximately negative ¥5.9 billion, and cash flow from financing activities was approximately ¥1.4 billion. The three segments are joint logistics, dedicated logistics, and related businesses. Total segment profit was approximately ¥290 million, based on the interim consolidated statements of income. As a significant event, the Board of Directors resolved at its meeting held on 23 April 2026 to acquire shares of Coldrush Logistics Private Limited, an Indian company, and subscribe to a third-party allotment of shares, making it a subsidiary. The Group entered into a share subscription agreement on 11 May 2026. The acquisition cost is ¥2,750 million, the ownership interest acquired is 51.6%, and the business combination date is 10 August 2026. Acquisition-related expenses have not yet been determined. Coldrush provides temperature-controlled storage and transportation services in India and operates 15 frozen and refrigerated warehouses and 120 vehicles. By welcoming Coldrush into the Group, the Group aims to expand its presence in the Indian market. As additional information concerning the filing company, the company has disclosed its dividend record for distributions made on 26 February 2025, 3 July 2025, 25 February 2026, and 3 July 2026. At the annual general meeting held on 26 February 2025, the total dividend was ¥298 million, or ¥12 per share, with a record date of 30 November 2024, an effective date of 27 February 2025, and retained earnings as the source of the dividend. For the dividend with a record date of 31 May 2025 and an effective date of 7 August 2025, the total dividend was ¥335 million, or ¥13.5 per share. At the annual general meeting held on 25 February 2026, the total dividend was ¥347 million, or ¥14.0 per share, with a record date of 30 November 2025, an effective date of 26 February 2026, and retained earnings as the source of the dividend. At the Board of Directors meeting held on 3 July 2026, the total dividend was ¥298 million, or ¥12.0 per share, with a record date of 31 May 2026, an effective date of 7 August 2026, and retained earnings as the source of the dividend. The filing company’s information also states that its interim financial statements have undergone an interim review by EY ShinNihon LLC as part of its audit certification.