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Nippon Express (9147) investor relations material
Nippon Express IR Day 2026 presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business plan and corporate value
FY2028 targets: revenue ¥3,000bn, business profit ¥150bn, overseas revenue ¥1,200bn, and ROE of at least 10%; Logistics Japan business margin target 5.9%.
Priorities are global growth, rebuilding domestic businesses, and sustainability management, alongside stronger profitability and a shift toward end-to-end solutions.
Capital allocation and asset sales
Target ¥500bn in sales of investment properties and other assets during the plan through FY2028; ¥167.2bn sold in 2024–2026, including ¥50bn in 2026.
Additional real estate sales are expected to generate ¥210bn in after-tax cash; ¥110bn is planned for buybacks and ¥100bn for new management allocations.
Plans call for selling all investment property except lease warehouses during the current plan, while continuing to divest low-yield business-use property.
Global growth and integration
Jan–Aug 2026 forwarding volumes rose 8.3% YoY to 651,000 tonnes for air and 3.7% to 582,000 TEU for ocean; FY2028 targets are 1.3m tonnes and 1.4m TEU, respectively.
Overseas contract logistics revenue is forecast at ¥276bn in FY2026, up 73.3% from FY2023; its overseas revenue share is forecast to reach 46.8%.
Growth initiatives link Pan-Asia, Indian Ocean Rim, and Central and Eastern Europe strategies; the Indian Ocean Rim has an FY2028 revenue target of ¥80bn.
Metro Supply Chain’s FY2025 revenue was ¥160bn and business profit ¥6.5bn; the acquisition is intended to expand North American operations and global contract logistics capabilities.
- FY2023 fell sharply; FY2024 growth targets hinge on a second-half logistics recovery.9147
Q4 2023 - Revenue and profit surged, prompting an upward revision of full-year forecasts.9147
Q2 2026 - Q1 profit surged on strong logistics, but interim profit forecasts were cut amid rising costs.9147
Q1 2026 - Net profit plunged on impairment, but FY2026 profit is forecast to rebound on M&A and asset sales.9147
Q4 2025 - Revenue and operating income rose, but net profit fell sharply amid impairment losses and weak demand.9147
Q3 2025 - Revenue and operating income rose, but net profit fell and forecasts were cut amid global uncertainty.9147
Q2 2025 - Revenue up 13.4% year-over-year, with overseas growth offsetting profit declines.9147
Q3 2024 - Revenue up 10.4% YoY, but profits down; FY2024 profit outlook cut despite higher sales.9147
Q2 2024 - Revenue up 15.1%, profit down; FY2025 profit rebound expected on global growth, efficiency.9147
Q4 2024
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