Supplementary Earnings Presentation Materials Q2 FY2026

Performance Overview

Net sales for Q2 FY2026 were 65,841 million yen, down 4.5% YoY. Operating income was 4,436 million yen, down 10.4% YoY, with an operating margin of 6.7%, declining 0.5 percentage points YoY. Profit before tax totaled 4,426 million yen, and net income attributable to owners of parent was 3,037 million yen, decreasing 13.3% YoY. Basic interim earnings per share were 179.11 yen, down 13.5% YoY. Meanwhile, the interim dividend increased 30.2% YoY to 56.0 yen per share.

Segment Performance and Business Trends

Segment net sales were as follows: Domestic automotive-related business at 33.1 billion yen (50% of total), Human Resources business at 11.9 billion yen (18%), General Freight business at 3.4 billion yen (5%), and Overseas-related business at 17.3 billion yen (26%). The domestic automotive business saw a decline in sales due to decreases in new and used car transportation. The Human Resources business increased revenue through new contract acquisitions driven by adjustments to shuttle fees and securing drivers. General Freight benefited from new warehouse projects and increased port cargo handling. The Overseas business was affected by delayed shipments of used cars in the second half but benefited from increased new car transportation in China.

Financial Position and Outlook

At the end of Q2 FY2026, total assets stood at 74,841 million yen, total liabilities at 29,224 million yen, and total equity at 45,616 million yen, reflecting an increase in equity compared to the previous fiscal year-end. The full-year forecast for FY2026 anticipates net sales of 145,000 million yen (98.1% YoY), operating income of 10,300 million yen (100.7% YoY), net income attributable to owners of parent of 7,200 million yen (100.3% YoY), basic earnings per share of 425.11 yen, and an annual dividend of 140.30 yen, including an interim dividend of 56.0 yen, maintaining a dividend payout ratio of 33.0%.