Fiscal Year Ending March 2027 Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Performance

For this interim period, total revenue was 1,275,022 million yen, operating income was 72,659 million yen, ordinary income was 163,632 million yen, and net income attributable to owners of parent (interim) was 179,313 million yen. Note that consolidated subsidiaries undergoing fiscal period changes (384 companies) have been newly consolidated on a nine-month basis, therefore year-over-year comparison rates are not presented. By segment, Dry Bulk, Energy, Chemical Logistics, and Product Carriers contributed to results. Financial position shows total assets of 6,215,406 million yen, net assets of 3,093,378 million yen, and an equity ratio of 48.9%, representing a 0.7 percentage point improvement versus the prior period.

Shareholder Returns and Capital Policy

A 3-for-1 stock split of common shares is scheduled to take effect on January 1, 2027, which will substantially increase the number of shareholders and the total number of issued shares after the split. The financial summary shows per-share year-end dividend adjusted for the split; without considering the split, the year-end dividend would be 105 yen and the annual dividend would be 205 yen. The Company plans to continue treasury stock acquisition and aims for a total return ratio of approximately 40% to enhance capital efficiency together with dividends. Treasury shares are planned to be cancelled in principle.