AZ-COM MARUWA
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AZ-COM MARUWA (9090) investor relations material

AZ-COM MARUWA Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary5 Feb, 2026

Executive summary

  • Net sales for FY2026/3 3Q rose 11.0% year-over-year to ¥174,918 million, with operating income up 13.3% to ¥10,131 million and profit attributable to owners of the parent up 10.3% to ¥6,570 million.

  • Growth was driven by increased shipments, expansion of transportation services, higher logistics volumes, successful freight rate revisions, and productivity improvements.

  • The company is executing its Medium-term Management Plan 2028, focusing on e-commerce, cold chain food, and medical logistics, aiming to become a leading 3PL & Platform Company.

  • Growth occurred despite higher personnel costs and one-time expenses for logistics center operations.

Financial highlights

  • Gross profit increased 5.5% year-over-year to ¥17,751 million, with operating margin at 5.8%.

  • Ordinary income rose 11.7% to ¥10,495 million, with a stable ordinary profit margin of 6.0%.

  • EPS increased to 48.79 yen from 44.20 yen year-over-year.

  • Comprehensive income rose 39.3% to 8,704 million yen.

  • Cost of sales grew 11.6%, mainly due to higher labor and operational costs.

Outlook and guidance

  • Full-year FY2026/3 net sales are forecast at ¥220,000 million (+5.6% YoY), with operating income projected at ¥11,900 million (+8.6% YoY) and profit attributable to owners of the parent at ¥7,300 million (+0.3% YoY).

  • No changes to previously announced earnings or dividend forecasts.

  • Second half performance is expected to be impacted by one-time expenses related to new logistics center operations and consolidation.

  • Dividend per share is forecast at ¥32.00, maintaining a progressive dividend policy with a payout ratio target of ~40%.

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Frequently asked questions

AZ-COM MARUWA Holdings Inc is a Japan-based holding company operating through subsidiaries in the logistics, construction, and staffing sectors. Its logistics segment provides transportation, warehousing, and distribution services. The construction segment offers civil engineering and construction management services, while the staffing segment supplies human resource solutions, including temporary staffing and outsourcing. AZ-COM MARUWA Holdings Inc is headquartered in Tokyo, Japan, and its shares are listed on the TSE.

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