Daiwa Motor Transportation Co., Ltd. Q1 Financial Summary (Consolidated) [Japanese GAAP]

Overview of Performance

In the first quarter of this term, consolidated net sales were 5,222 million yen, up 5.1% YoY. However, due to the impact of higher fuel costs, operating income remained at 92 million yen, down 29.4% YoY. Ordinary income was 61 million yen, and net income attributable to owners of parent for the quarter was △12 million yen, narrowing the loss. Meanwhile, efforts to strengthen the earnings base of the passenger automobile transportation business include fare revisions and increased crew numbers. The company is advancing Phase 2 of the Mid-Term Management Plan 2027, focusing on cost-conscious management, securing human resources, and improving operating efficiency.

Outlook and Strategy

Under Mid-Term Management Plan 2027, the company will focus on becoming a sound profit-generating corporate, while maintaining regional transportation infrastructure. It will continue to secure personnel and improve operating efficiency in the passenger transport business, promote eco-driving for taxis to reduce environmental impact, and enhance profitability in the real estate business including redevelopment. The full-year outlook remains unchanged at this time, with a view to increasing profitability through improved utilization across segments and expansion of advertising and services.