CJ Logistics (000120) Q1 2026 earnings summary

Executive summary

• Sales reached KRW 3.21tn in 1Q26, up 7.4% year-over-year, with operating profit at KRW 92.1bn (+7.9% YoY) and net income at KRW 37.9bn (-7.4% YoY).

• Revenue growth was driven by strong volume gains in O-NE and new contract wins in CL and Global segments.

• Earnings growth was supported by major U.S. customer onboarding and improved construction progress in E&C.

Financial highlights

• Gross profit increased 2.4% YoY to KRW 316.4bn, with gross margin at 9.8%.

• Operating profit margin remained flat at 2.9% YoY.

• Net income declined 7.4% YoY due to a temporary increase in effective tax rate and lower equity method gains.

• Total assets rose to KRW 10.93tn, up KRW 587.8bn YoY.

Outlook and guidance

• O-NE aims to optimize service offerings, expand market share, and sustain volume growth through differentiated services.

• CL targets 3PL volume expansion and vertical-focused contract wins, with continued operational cost efficiency improvements.

• Global segment focuses on leveraging strategic hubs, expanding into new sectors, and enhancing automation and productivity.