Supplementary Financial Materials

Performance Overview

In the second quarter of the fiscal year ending March 2027, revenue rose 8.5% year-on-year to 122,660 million yen. However, operating income declined 26.1% to 4,484 million yen, ordinary income fell 33.2% to 4,185 million yen, and interim net income attributable to owners of parent decreased 33.8% to 2,641 million yen. Profitability was pressured by increased costs such as new site startup expenses and wage revisions, and intensified price competition due to changes in the transaction structure of major customers. The full-year forecast has been revised, and while incorporating the effects of structural reforms, the company expects benefits from securing sites in advance and tariff revisions.

Outlook and Strategy

With the full-scale start of AZ-COM Matsubushi EAST operations, increased trunk-line transportation, and new customer acquisition, the company will expand EC ambient delivery and cold-chain food 3PL services. Structural reforms include consolidation and reorganization of sites toward higher-profitability locations, and promotion of on-site standardization and digitalization. For the full year, the company aims to maintain revenue growth while strengthening its capacity to absorb wage increases and new investment costs. Shareholder returns are planned at 32 yen under the progressive dividend policy.