FY2026 Q3 Financial Results Presentation Materials

Overview of Performance

In the third quarter of FY2026, consolidated net sales reached 611.4 billion yen (YoY +12.9%), operating income was 31.5 billion yen (YoY +27.8%), and net income attributable to owners of the parent amounted to 18.4 billion yen (YoY +29.7%), achieving both increased revenue and profit growth. The transportation segment successfully curtailed cost increases by 1.7 billion yen through growth in small-package shipments and optimization of transport operations, resulting in net sales of 473.9 billion yen (YoY +17.5%) and operating income of 22.6 billion yen (YoY +34.8%). The consolidation effect of MD Logis also contributed, with net sales of 89.16 billion yen (YoY +187.5%) and operating income of 4.71 billion yen (YoY +227.2%).

Segment Trends and Future Outlook

The automobile sales segment recorded net sales of 83.2 billion yen (YoY -5.4%) and operating income of 6.2 billion yen (YoY -3.6%) due to a decline in new vehicle sales volume. However, the merchandise sales, real estate leasing, and other segments maintained growth in both revenue and operating income. In the transportation segment, profitability improved due to increased unit prices for heavy loads and progress in collecting appropriate freight rates, lifting the operating margin from 4.6% to 5.2%. Regarding cash flow, despite an increased outflow of 38.9 billion yen from operating activities, reductions in investing outflows and revisions in financing activities led to a positive free cash flow of 11.9 billion yen.