Financial Results Explanation Document for Fiscal Year Ending March 2026

Overview of Performance

For the fiscal year ending March 2026, consolidated operating revenue increased to 79.74 billion yen (up 1.4% YoY), but operating profit decreased to 4.097 billion yen (down 12.2% YoY). Ordinary income also declined to 4.858 billion yen (down 13.0% YoY). However, net income attributable to owners of the parent surged to 6.333 billion yen (up 29.0% YoY), driven mainly by gains from the sale of policy-held shares. Segment-wise, the logistics business recorded operating revenue of 73.968 billion yen (up 1.8% YoY) and operating profit of 3.663 billion yen (down 5.7% YoY), while the real estate business reported operating revenue of 6.146 billion yen (down 4.0% YoY) and operating profit of 3.134 billion yen (down 6.5% YoY).

Financial Position and Future Outlook

As of the end of the fiscal year ending March 2026, net assets stood at 68.4 billion yen (an increase of 3.1 billion yen from the previous fiscal year-end), maintaining an equity ratio of 57.3%, securing financial soundness. Cash flows showed an operating cash inflow of 5.74 billion yen, with an investment cash inflow of 310 million yen from logistics facility acquisitions and sale of policy-held shares. Cash outflows included debt repayments, share buybacks, and dividends totaling 6.67 billion yen. For the fiscal year ending March 2027, earnings are forecasted to be operating revenue of 830 billion yen (up 4.1% YoY), operating profit of 50 million yen (up 22.0% YoY), and net income of 650 million yen (up 2.6% YoY). As part of its M&A strategy, the company plans to acquire all shares of Meitetsu World Transport Co., aiming to strengthen the revenue base of its international logistics business.