FY2027-Q1: All 3 businesses delivered higher revenue and profit; sustainability through the first half is the focus

In FY2027-Q1, consolidated revenue was ¥100,646 million, up 14.2% year on year, while operating profit was ¥6,808 million, up 39.7%. Ordinary profit was ¥9,038 million, up 229.4%, and profit attributable to owners of the parent was ¥6,562 million, up 221.8%, showing substantially stronger growth at the profit levels below operating profit. The operating margin rose from ¥4,873 million ÷ ¥88,120 million in the year-earlier quarter to ¥6,808 million ÷ ¥100,646 million in the current quarter, representing a calculated improvement of approximately 1.2 percentage points.

By segment, revenue from the press-related products business was ¥80,414 million and segment profit was ¥4,537 million. The temperature-controlled logistics-related business generated revenue of ¥16,407 million and segment profit of ¥1,851 million, while Other generated ¥3,824 million and ¥416 million, respectively. Year on year, revenue increased by 14.5% in Press, 13.6% in temperature-controlled logistics, and 10.3% in Other, while profit increased by 58.3%, 9.1%, and 37.0%, respectively. A key feature of the results is that the improvement did not depend on a single business.

In the year-earlier FY2026-H1, revenue was ¥177,755 million and operating profit was ¥10,472 million. Based on a simple calculation from the FY2027-Q1 results, H1 revenue will exceed the year-earlier level if Q2 revenue exceeds ¥77,109 million, and H1 operating profit will exceed it if Q2 operating profit exceeds ¥3,664 million. These are comparative thresholds that do not take seasonality into account, not a company-disclosed half-year plan.

At the next earnings announcement, the focus will be on whether the simultaneous improvement in all 3 businesses seen in Q1 continues into Q2. The Q1 summary report did not disclose specific KPIs such as regional revenue, orders and order backlog, units sold, or volumes. It will therefore also be important to see whether the H1 results include additional disclosures on US and domestic volumes, refrigerated-truck sales by vehicle type, and product-level revenue in the Other business.