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How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) 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 Sales¥13,811 million-0.3%
Operating profit¥482 million-8.9%
Net income354 million yen -10.5%interim net income
Results for the three months of the current quarterRevenue of ¥13,811 million, operating profit of ¥482 million and interim net income of ¥354 million. The materials report standalone second-quarter results by segment of DM revenue of ¥11,437 million and segment profit of ¥940 million, logistics revenue of ¥1,548 million and segment profit of ¥62 million, sales promotion revenue of ¥158 million and segment profit of ¥13 million, and events revenue of ¥614 million and segment profit of ¥25 million.
Full-year earnings forecast
Net Sales
¥30,700 million
Operating profit
¥1,530 million
Ordinary income
¥1,590 million
Net income for the current fiscal year
¥1,100 million
What the company explained in this material
New initiatives
- Collection of AI training data using physical humanoid robots through participation in a private consortium
- Implementation of physical AI in DM and logistics operations, planned from 2028 onward
- Development of an external sales business for robots, data and services, planned from 2030 onward
- Share buybacks totaling ¥500 million by 31 March 2027
Key KPIsA metric the company considers important as a management benchmark.
- Annual volume of DM handledMore than 300 million pieces
- Direct mail market size (postage basis)94.6 Year-on-year %Year on year against the same period last year94.6% year on year
Segment results
Direct mail business
Net Sales
¥11,437 million-0.9%
Segment profit
¥940 million+22.4%
Logistics
Net Sales
¥1,548 million+17.1%
Segment profit
¥62 million
Sales Promotion Business
Net Sales
¥158 million-11.4%
Segment profit
¥13 million-82.0%
Events Business
Net Sales
¥614 million-18.9%
Segment profit
¥25 million-49.5%
Medium-term management plan targets
Net Sales
¥28,000 million
Target fiscal yearFiscal year ending March 2027
Operating profit
¥1,300 million
Target fiscal yearFiscal year ending March 2027
Net income
¥900 million
Target fiscal yearFiscal year ending March 2027
Comparison with actual resultsBoth revenue and profit targets for the fiscal year ending March 2027 achieved one year ahead of schedule
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
The risk of disruptions to the stable procurement and higher prices of DM packaging materials due to the situation in the Middle East is not reflected in the earnings forecast. Amount: Not disclosed.Market Size / Share
The DM market was 94.6% year on year on a postage basis. The company's share: Not disclosed.Annual Dividend
¥232 per share
Interim Dividend¥110 per share
Payout ratio
DOE (dividend on equity) of 8% as a guidelineAcquisition of treasury shares
Total of ¥500 million
PeriodBy 31 March 2027
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥13,811 million (YoY -0.3%) |
| Operating profit | ¥482 million (YoY -8.9%) |
| Net income | 354 million yen (interim net income) (YoY -10.5%) |
| Results for the three months of the current quarter | Revenue of ¥13,811 million, operating profit of ¥482 million and interim net income of ¥354 million. The materials report standalone second-quarter results by segment of DM revenue of ¥11,437 million and segment profit of ¥940 million, logistics revenue of ¥1,548 million and segment profit of ¥62 million, sales promotion revenue of ¥158 million and segment profit of ¥13 million, and events revenue of ¥614 million and segment profit of ¥25 million. |
| Full-year earnings forecast | Net Sales ¥30,700 million / Operating profit ¥1,530 million / Ordinary income ¥1,590 million / Net income for the current fiscal year ¥1,100 million |
| Segment results | Direct mail business Net Sales ¥11,437 million (YoY -0.9%) / Segment profit ¥940 million (YoY +22.4%) / Logistics Net Sales ¥1,548 million (YoY +17.1%) / Segment profit ¥62 million / Sales Promotion Business Net Sales ¥158 million (YoY -11.4%) / Segment profit ¥13 million (YoY -82.0%) / Events Business Net Sales ¥614 million (YoY -18.9%) / Segment profit ¥25 million (YoY -49.5%) |
| Key KPIs | Indicator name Annual volume of DM handled / Value More than 300 million pieces / Year on year against the same period last year Not disclosed, Indicator name Direct mail market size (postage basis) / Value 94.6 Year-on-year % / Year on year against the same period last year 94.6% year on year |
| Risk amount incorporated into the outlook | The risk of disruptions to the stable procurement and higher prices of DM packaging materials due to the situation in the Middle East is not reflected in the earnings forecast. Amount: Not disclosed. |
| Medium-term management plan targets | Net Sales ¥28,000 million / Operating profit ¥1,300 million / Net income ¥900 million / Comparison with actual results Both revenue and profit targets for the fiscal year ending March 2027 achieved one year ahead of schedule |
| Annual Dividend | ¥232 per share |
| Payout ratio | DOE (dividend on equity) of 8% as a guideline |
| Acquisition of treasury shares | Amount Total of ¥500 million / Number of Shares Not disclosed / Period By 31 March 2027 |
| Market Size / Share | The DM market was 94.6% year on year on a postage basis. The company's share: Not disclosed. |
| New initiatives | Collection of AI training data using physical humanoid robots through participation in a private consortium, Implementation of physical AI in DM and logistics operations, planned from 2028 onward, Development of an external sales business for robots, data and services, planned from 2030 onward, Share buybacks totaling ¥500 million by 31 March 2027 |
Items this document does not state (15)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookFinancial targetsCapital 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.Orders for high-value-added projects, price increase negotiations, and the mechanization and labor-saving of logistics operations contributed to results, but physical AI research and development expenses recorded in August weighed on profit. In the sales promotion and events businesses, the downsizing of certain projects, the backlash from spot projects in the same period of the previous year, lower utilization rates and higher selling, general and administrative expenses resulted in declines in both revenue and profit.
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