Financial Summary for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Business Results

Consolidated results for the fiscal year ending March 2026 were net sales of 229.784 billion yen (7.1% decrease YoY), operating income of 20.529 billion yen (1.5% increase YoY), ordinary income of 21.046 billion yen (10.7% increase YoY), and net income attributable to owners of the parent of 24.095 billion yen (29.4% increase YoY). Although net sales declined due to the appreciation of the yen and a decrease in some cargo volumes, profitability improved due to gains on the sale of aging vessels. In the ocean shipping business, market recovery in capesize bulk carriers and a favorable trend in small and medium-sized bulk carriers were seen. The domestic coastal shipping business also saw increased revenue and profit due to growth in transportation of electric power-related cargo.

Financial Condition and Dividends

Total assets increased to 296.361 billion yen (YoY increase), liabilities decreased to 109.161 billion yen (YoY decrease), and net assets increased to 187.2 billion yen (YoY increase), resulting in an equity ratio rising to 63.2%. Cash flows from operating activities provided 35.422 billion yen, investing activities provided 1.997 billion yen, and financing activities used 28.188 billion yen. The annual dividend is planned at 310 yen (compared to 240 yen in the previous year), with a payout ratio of 30.3%. For the fiscal year ending March 2027, the company forecasts net sales of 230 billion yen, operating income of 23.1 billion yen, and net income attributable to owners of the parent of 23.1 billion yen.