Mitsubishi Logistics (9301) Q4 2026 earnings summary

Executive summary

• FY2025 marked the launch of a new business plan (2025–2030), focusing on management platform reinforcement, overseas expansion, and entry into grid-connected battery storage.

• Organizational realignment, asset valuation, and IR initiatives were prioritized.

• Overseas operations expanded with new subsidiaries and facilities in India, Thailand, Malaysia, and the U.S.

• Revenue for the year ended March 31, 2026, was ¥273,446 million, down 3.7% year-over-year.

• Profit attributable to owners of parent rose 71.9% to ¥54,773 million year-over-year, driven by extraordinary gains.

Financial highlights

• FY2025 revenue was ¥273.4bn, down 4% year-over-year; operating profit fell 22% to ¥15.9bn.

• Ordinary profit rose 15.8% to ¥21,563 million year-over-year.

• Net profit surged 72% to ¥54.7bn, driven by gains from cross-shareholding sales.

• ROE rose to 14.5% (+6.3% YoY), while ROA increased to 8.7% (+3.7% YoY).

• Equity ratio remained strong at 59.3%.

Outlook and guidance

• FY2026 revenue forecast is ¥280.0bn (+2.4% YoY), with operating profit expected at ¥17.5bn (+1.5bn YoY).

• Net profit is forecast to decline to ¥23.0bn due to lower gains on investment securities.

• Annual dividend to increase to ¥44 per share (3.3% yield).

• Continued investment in asset turnover and grid electricity storage businesses.