Mitsubishi Logistics (9301) investor relations material

Executive summary

• Q1 FY2026 revenue rose 2.9% year-over-year to ¥70,578 million, driven by new logistics customers and higher real estate occupancy.

• Operating profit declined 2.6% to ¥3,860 million, mainly due to lower international transportation profits and increased costs.

• Net profit attributable to owners of parent dropped 67.3% to ¥6,077 million, impacted by a significant decrease in gains from investment securities sales.

• Comprehensive income rose 79.0% year-over-year to ¥10,377 million, driven by gains in other comprehensive income.

Financial highlights

• Revenue increased by ¥2,016 million year-over-year; logistics up ¥1,600 million, real estate up ¥400 million.

• Operating costs rose 3.3% year-over-year, outpacing revenue growth and pressuring margins.

• Extraordinary income of ¥19,359 million was recorded, mainly from gain on sale of investment securities, but was offset by lower recurring profits.

• Basic earnings per share for the quarter was ¥17.75, down from ¥51.80 in the prior year.

• Equity ratio at 59.3%, total assets at ¥648,648 million, and borrowings increased by ¥26,000 million.

Outlook and guidance

• FY2026 full-year revenue forecast at ¥280,000 million, with Q1 progress at 25%.

• Operating profit forecast at ¥17,500 million, net profit at ¥9,800 million for FY2026.

• Planned share repurchases of ¥40,000 million over FY2025–FY2027; annual dividend for FY2026 forecast at ¥44.00 per share.