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

Overview of Financial Performance

For the fiscal year ending March 2026, consolidated operating revenue was 307.572 billion yen (5.3% increase YoY), operating income was 38.833 billion yen (2.7% increase YoY), ordinary income was 35.696 billion yen (2.5% increase YoY), and net income attributable to owners of the parent was 24.848 billion yen (10.9% increase YoY). By segment, the transportation segment recorded operating revenue of 45.063 billion yen (3.5% increase YoY) and operating income of 5.727 billion yen (16.6% increase YoY). The distribution segment achieved operating revenue of 97.245 billion yen (2.5% increase YoY) and turned to an operating income of 886 million yen. The real estate segment reported operating revenue of 73.233 billion yen (2.8% increase YoY) and operating income of 13.957 billion yen (26.7% decrease YoY). The hotel segment posted operating revenue of 75.469 billion yen (12.8% increase YoY) and operating income of 16.448 billion yen (30.1% increase YoY). Other segments recorded operating revenue of 30.548 billion yen (8.9% increase YoY) and operating income of 2.162 billion yen (28.7% increase YoY).

Financial Position and Outlook

Total assets increased to 813.457 billion yen (an increase of 56.192 billion yen from the previous fiscal year), liabilities rose to 610.142 billion yen (increase of 34.958 billion yen), and net assets rose to 203.314 billion yen (increase of 21.234 billion yen), resulting in an equity ratio of 25.0%. Cash flow from operating activities decreased significantly from 22.792 billion yen to 2.279 billion yen, while capital expenditures decreased and financing cash inflows increased. The earnings guidance for the fiscal year ending March 2027 projects net sales of 321.3 billion yen (4.5% increase YoY), operating income of 37.0 billion yen (4.7% decrease YoY), and net income attributable to owners of the parent of 22.1 billion yen (11.1% decrease YoY).