Financial Summary for the Third Quarter of Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

In the cumulative consolidated period for the third quarter of the fiscal year ending March 2026, operating revenue increased 2.1% YoY to 146.78 billion yen. In the logistics segment, warehouse and port transportation revenues increased, resulting in operating revenue of 139.095 billion yen (2.3% YoY increase); however, operating income declined 6.5% YoY to 10.041 billion yen due to rises in labor and depreciation expenses. The real estate segment saw decreases in rental income, with operating revenue of 8.131 billion yen (1.2% YoY decrease) and operating income of 3.170 billion yen (18.6% YoY decrease). Net income attributable to owners of parent rose 12.6% YoY to 10.447 billion yen, including gains from partial sales of strategic shareholdings.

Financial Position and Future Outlook

Total assets increased 12.4% from the previous fiscal year-end to 494.42 billion yen, driven by stock market gains. Total liabilities grew 13.3% to 187.788 billion yen, and total net assets rose 11.8% to 306.614 billion yen. Cash flow from operating activities increased by 18.157 billion yen. Cash flow from investing activities decreased by 22.451 billion yen. Cash flow from financing activities decreased by 5.636 billion yen. The full-year earnings forecast remains unchanged, projecting operating revenue of 197.0 billion yen (1.9% YoY increase), operating income of 12.0 billion yen (9.6% YoY decrease), and net income attributable to owners of parent of 17.4 billion yen (13.3% YoY decrease).