Financial Summary for Q3 Fiscal Year Ending March 2026 [Japanese Standards] (Consolidated)

Overview of Financial Results

For the cumulative third quarter of the fiscal year ending March 2026, consolidated financial results recorded net sales of 1,812 billion yen (YoY △8.3%), operating income of 100.1 billion yen (△43.8%), ordinary income of 165 billion yen (△62.2%), and net income attributable to owners of parent of 146.9 billion yen (△62.8%). Non-operating income included equity-method investment gains of 72.4 billion yen, with 15.7 billion yen of that from ONE Inc. The average exchange rate was 148.52 yen/USD, and the average fuel oil price was USD 553.11/MT, both lower than the same period last year.

Segment Performance

In the logistics business, the liner shipping segment recorded net sales of 135.8 billion yen (△0.9%) and ordinary income of 38.5 billion yen (significant decline). Air transport posted net sales of 41.1 billion yen (△71.1%) and ordinary income of 2.1 billion yen (decline). The logistics segment had net sales of 594.6 billion yen (△3.2%) and ordinary income of 9.7 billion yen (decline). The automobile segment recorded net sales of 395.4 billion yen (△2.6%) and ordinary income of 77.8 billion yen (decline). The dry bulk segment reported net sales of 414 billion yen (△13.0%) and ordinary income of 2.2 billion yen (decline). The energy segment posted net sales of 170.7 billion yen (up 26.5%) and ordinary income of 42.2 billion yen (increase). Other businesses recorded net sales of 132 billion yen (△14.2%) and ordinary income of 1 billion yen (decline).

Financial Condition and Dividends

Total assets amounted to 4.9805 trillion yen (increase YoY), net assets were 2.9543 trillion yen (decrease), and the equity ratio was 57.9%. The number of shares issued was 434.1 million shares, with treasury stock totaling 23.22 million shares. An annual dividend of 225 yen is planned, including a year-end dividend of 110 yen (regular dividend 85 yen, commemorative dividend 25 yen), a decrease compared to the previous fiscal year.

Revision of Full-Year Earnings Forecast

The consolidated full-year earnings forecast was revised to net sales of 2.39 trillion yen (up 1.7% from the previous forecast), operating income of 120 billion yen (unchanged), ordinary income of 195 billion yen (up 2.6%), and net income attributable to owners of parent of 210 billion yen (unchanged). The annual dividend is planned at 225 yen, maintaining a policy of stable profit return. Share buyback totaling 150 billion yen up to 48 million shares is scheduled from May 9, 2025 to April 30, 2026.