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

Performance Overview

For the cumulative third quarter period of the fiscal year ending March 2026, net sales amounted to ¥94,967 million (12.7% decrease YoY), operating income was ¥10,424 million (24.2% decrease YoY), ordinary income was ¥12,531 million (11.9% decrease YoY), and quarterly net income attributable to owners of the parent was ¥12,679 million (10.6% decrease YoY). Although the depreciation of the yen and a decrease in fuel oil prices had an influence, net sales and profits in the ocean shipping and coastal & near-shore shipping businesses declined. Meanwhile, the real estate business remained solid with net sales of ¥10,574 million (9.4% increase YoY) and operating income of ¥3,189 million (23.4% increase YoY).

Outlook and Dividend Policy

For the full fiscal year ending March 2026, earnings guidance projects net sales of ¥127,000 million (10.5% decrease YoY), operating income of ¥12,400 million (27.5% decrease YoY), ordinary income of ¥14,800 million (14.8% decrease YoY), and net income attributable to owners of the parent of ¥14,400 million (21.6% decrease YoY). Dividends are forecasted at ¥55.00 per share for the full year (previous year ¥58.00), maintaining a dividend policy based on a payout ratio of 40%. Considering strengthening shareholder returns and capital costs, the year-end dividend is planned at ¥31.00 per share.