Seino Holdings Co (9076) Q4 2025 earnings summary

Executive summary

• Net sales and operating revenue rose 14–14.7% year-over-year, driven by appropriate freight rate collection and MD LOGIS consolidation; excluding MD LOGIS, operating profit grew 16%.

• Operating profit increased 27–27.7% year-over-year, but missed forecasts due to higher subcontracted fees and other costs; cost control remains a focus.

• Profit attributable to owners of parent grew 32.2% to ¥19,253 million.

• Share buyback of ¥40.7 billion and a ¥2 dividend increase to ¥102 per share were implemented, with further per-share value creation expected in fiscal 2026.

• MD LOGIS CORPORATION was included as a consolidated subsidiary.

Financial highlights

• Operating revenue reached ¥737.4 billion (+14.7% YoY), gross profit ¥86.6 billion (+17.7%), and operating profit ¥29.9 billion (+27.7%).

• EPS increased 37.9% YoY to ¥115.41; profit attributable to owners rose 32.2% to ¥19.3 billion.

• Net sales exceeded budget by ¥6 billion, mainly due to MD LOGIS and vehicle sales.

• Ordinary profit rose 14.8% YoY to ¥28,124 million.

• Equity-to-asset ratio declined to 51.5% from 62.4% year-over-year.

Outlook and guidance

• Fiscal 2026 guidance: net sales +10%, operating profit +25%, net income +14% YoY, with full-year MD LOGIS consolidation and continued freight rate improvements.

• ROE forecast to improve to 5.4%, EPS to rise by ¥31.94 to ¥147.35.

• Dividend forecast for FY3/26 is ¥102 per share.

• Ongoing focus on cost control, logistics expansion, and productivity via OPP.