（Correction） Notice of Partial Correction to the ‘2026 Fiscal Year Financial Results Supplementary Materials’

Summary of Financial Results

The consolidated results for the fiscal year ending March 2026 show net sales of 230.531 billion yen (up 10.6% YoY), operating income of 11.864 billion yen (up 8.3% YoY), ordinary income of 12.530 billion yen (up 7.7% YoY), and net income attributable to owners of the parent of 7.448 billion yen (up 2.4% YoY). Cost of goods sold increased to 208.460 billion yen (up 11.5% YoY), with rises in personnel expenses and miscellaneous expenses, but profits increased due to the positive impact of higher revenue.

Business Segments' Revenue and Cost Structure

In the logistics domain, last-mile delivery declined by 1.1% YoY, while e-commerce temperature-controlled delivery increased by 14.6%, e-commerce 3PL increased by 14.9%, low-temperature food 3PL grew by 9.8%, and pharmaceuticals & medical 3PL rose by 10.2%. The breakdown of miscellaneous expenses within cost of goods sold shows transportation expenses accounting for 41.3% and outsourcing & subcontracting expenses for 13.5%, indicating changes in cost structure driven by the expansion of 3PL services.

Medium-Term Management Plan 2028 and Future Outlook

We have launched the Medium-Term Management Plan 2028, aiming for group sales of 500 billion yen by 2030. The impact of rising fuel costs due to crude oil price surges is forecasted to be 400 million yen for the company and 1.5 billion yen for partner companies. We will carefully manage risks and costs to sustain stable logistics services and cost reduction efforts. The earnings forecast for the fiscal year ending March 2027 incorporates a fee revision plan of 5 billion yen, and negotiations with key customers are being expedited.

About the Corrections

Due to the discovery of errors in part of the financial results supplementary materials published on May 11, 2026, the ratios of transportation expenses and outsourcing & subcontracting expenses have been revised. Transportation expenses changed from 37.9% to 41.3%, and outsourcing & subcontracting expenses from 16.9% to 13.5%. No other figures have been altered.