K.R.S. Corporation (9369) Q4 2025 earnings summary

Executive summary

• Revenue increased 3.8% year-over-year to ¥202.6 billion, driven by logistics pricing initiatives, expanded business in Indonesia, vehicle/fuel sales, and growth in joint logistics and related businesses.

• Operating income rose 1.5% to ¥5.64 billion, but recurring profit and net income declined slightly due to lower one-time gains and higher interest expenses.

• Segment results: Joint logistics saw higher revenue and profit, dedicated logistics had lower revenue but higher profit, and related businesses grew revenue but saw profit decline.

• The company launched its "Group Vision 2036" and a new four-year mid-term plan focused on logistics sustainability and value creation.

Financial highlights

• Operating revenue: ¥202.6 billion (+3.8% YoY); operating income: ¥5.64 billion (+1.5% YoY).

• Recurring profit: ¥4.82 billion (−1.4% YoY); net income attributable to shareholders: ¥2.65 billion (−0.5% YoY).

• EPS: ¥106.54 (−0.5% YoY).

• Operating margin: 2.8%; net margin: 1.3%.

• Total assets increased to ¥136.6 billion; equity ratio improved to 33.2%.

Outlook and guidance

• FY2026 revenue forecast: ¥205 billion (+1.2% YoY); operating income: ¥5.7 billion (+1.0% YoY); net profit: ¥2.1 billion (−20.7% YoY).

• Recurring profit and net income expected to decline due to reduced one-time gains and higher interest expenses.

• Dividend for FY2026 is projected at ¥24 per share.

• Segment outlook: Joint logistics faces higher costs, dedicated logistics targets efficiency and new revenue, related business expects profit recovery from new Indonesian facilities.