Seino Holdings Co (9076) Q4 2026 earnings summary

Executive summary

• Achieved record-high consolidated revenue and operating profit, with revenue up 10.3% year-over-year to ¥812,965 million and operating profit up 25.8% to ¥37,605 million, driven by MD LOGIS consolidation and LTL business growth.

• Profit attributable to owners of parent grew 22.8% to ¥23,638 million, and comprehensive income surged 55.6% year-over-year to ¥38,882 million.

• ROE improved to 5.6% (+0.9pt YoY), and EPS rose 36% to ¥157.00.

• Cost controls and efficiency improvements in long-haul truck dispatching contributed to profit growth.

Financial highlights

• Consolidated revenue: ¥812.9 billion (+10.3% YoY); operating profit: ¥37.6 billion (+25.8% YoY); net income attributable to owners: ¥23.6 billion (+22.8% YoY).

• Gross profit increased from ¥86,614 million to ¥97,797 million; gross margin improved to 12.0% (+0.3pt YoY); operating margin rose to 4.6% (+0.5pt YoY).

• Ordinary profit rose 32.5% to ¥37,264 million.

• Free cash flow turned positive at ¥23.2 billion, with cash and cash equivalents increasing by ¥6.7 billion to ¥84,064 million.

• Equity-to-asset ratio increased to 56.1% from 51.5% year-over-year.

Outlook and guidance

• FY2027 forecast: revenue to rise 1.5% to ¥825.5 billion, operating profit up 10.1% to ¥41.4 billion, and net income up 16.3% to ¥27.5 billion.

• ROE expected to reach 6.1% (+0.5pt), with EPS forecast at ¥169.08.

• Annual dividend per share forecast is ¥104.00, with a payout ratio of 61.5%.

• Continued focus on cargo volume and unit price growth in transportation, with ongoing cost control and efficiency initiatives.