Mitsubishi Logistics (9301) Q1 2026 earnings summary

Executive summary

• Q1 FY2025 revenue rose 4.1% year-over-year to ¥68.5bn, with net profit up 45.3% to ¥18.5bn, driven by gains from investment securities sales and steady logistics demand.

• Operating profit declined 2.6% year-over-year to ¥3.9bn, while business profit dropped 22% to ¥4.4bn, mainly due to higher facility rental and personnel expenses.

• Share buybacks of ¥5bn and cross-shareholding sales of ¥19.6bn were executed in Q1, supporting capital efficiency and shareholder returns.

• Basic earnings per share was ¥51.80, reflecting a five-for-one stock split.

Financial highlights

• Revenue: ¥68.5bn (+4.1% year-over-year); operating profit: ¥3.9bn (-2.6%); net profit: ¥18.5bn (+45.3%).

• Ordinary profit was flat at ¥6.2bn; business profit fell to ¥4.4bn from ¥5.6bn.

• Extraordinary income surged to ¥19.4bn, mainly from gain on sale of investment securities.

• Cash and cash equivalents at period end were ¥49.3bn, down from ¥61.0bn at the start.

• Progress toward full-year net profit forecast reached 46%.

Outlook and guidance

• Full-year revenue forecast remains at ¥290bn, with operating profit at ¥20bn and net profit at ¥40.4bn.

• Profit attributable to owners of parent projected at ¥32bn, up 31.0% year-over-year.

• Basic earnings per share forecasted at ¥115.41 for the fiscal year ending March 31, 2026.

• No changes to guidance; U.S. trade policy impact not yet factored in.

• If significant changes arise, forecast revisions will be disclosed promptly.