AZ-COM MARUWA (9090) Q1 2026 earnings summary

Executive summary

• Net sales for FY2026/3 1Q rose 11.2% year-over-year to ¥55,246 million, with operating profit up 65.8% to ¥3,076 million and net income up 63.8% to ¥2,003 million, driven by strong logistics and 3PL business performance and lower one-time expenses.

• Growth was fueled by new customer acquisitions, expansion of logistics centers, and increased 3PL and transportation volumes.

Financial highlights

• Gross profit increased 14.9% year-over-year to ¥5,725 million, with gross margin improving to 10.4%.

• Operating profit margin rose to 5.6% from 3.7% year-over-year.

• Ordinary profit grew 58.4% year-over-year to ¥3,259 million.

• EPS for the quarter was 14.88 yen, up from 9.07 yen a year earlier.

• Comprehensive income reached 3,750 million yen, up from 1,168 million yen year-over-year.

Outlook and guidance

• FY2026/3 full-year net sales forecast at ¥220,000 million, with operating profit forecast at ¥11,900–12,000 million and EPS of ¥54.21; no changes to previously announced forecasts.

• Net income forecast at ¥7,300 million and annual dividend of ¥32.00 per share.

• Dividend payout ratio target maintained at approximately 40%.

• Impact from U.S. tariffs expected to be limited, but consumer behavior changes could affect results; no adjustments made to forecasts yet.