Financial Summary for the First Quarter of Fiscal Year Ending November 2026 [Japanese GAAP] (Consolidated)

Overview of Business Performance

In the first quarter of fiscal 2026 ending November, operating revenue was ¥50,089 million (up 3.2% YoY), operating income was ¥1,289 million (up 5.4% YoY), and ordinary income was ¥1,047 million (up 6.9% YoY). Meanwhile, net income attributable to owners of parent was ¥586 million, a 1.9% decrease YoY. By segment, operating revenue in the joint logistics business increased to ¥33,832 million (up 2.3% YoY), but operating income declined to ¥550 million (down 26.1% YoY). The dedicated logistics business posted operating revenue of ¥9,727 million (up 2.0% YoY) and operating income of ¥291 million (up 42.6% YoY), achieving both revenue and profit growth. The related business segment performed strongly with operating revenue of ¥6,528 million (up 10.3% YoY) and operating income of ¥439 million (up 65.4% YoY).

Financial Position and Outlook

Total assets increased by ¥1,475 million to ¥138,049 million compared to the previous term-end, and net assets rose by ¥1,226 million to ¥58,389 million, maintaining a stable equity ratio of 33.4%. Liabilities slightly increased due to higher short-term and long-term borrowings, but the financial base remains solid. There are no changes to the consolidated earnings guidance for fiscal 2026 ending November, as announced on January 8, 2025.