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Mitsubishi Logistics (9301) investor relations material
Mitsubishi Logistics Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY2025 revenue was ¥205.0bn, down 4% year-over-year, mainly due to a decline in condominium sales and lower international transportation revenue.
Net profit surged 89% year-over-year to ¥42.2bn, driven by significant gains from the sale of investment securities.
Operating profit fell 25% year-over-year to ¥12.0bn, impacted by poor performance at overseas subsidiaries and higher SG&A expenses.
Ordinary profit rose 29% year-over-year to ¥16.6bn, supported by equity-method investment gains.
Basic earnings per share increased to ¥119.58, reflecting a five-for-one stock split.
Financial highlights
Revenue: ¥205.0bn (-4% YoY); Operating profit: ¥12.0bn (-25% YoY); Net profit: ¥42.2bn (+89% YoY).
Business profit (operating profit + equity-method gains/losses + asset turnover gains/losses): ¥13.9bn (+34% YoY).
Sale of investment securities contributed ¥21.7bn to net profit; extraordinary income from these sales totaled ¥43.8bn.
Total assets as of December 31, 2025, were ¥626.7bn, nearly flat from March 31, 2025.
Cash and cash equivalents at period end were ¥49.9bn, down from ¥54.6bn a year earlier.
Outlook and guidance
Full-year net profit forecast revised upward to ¥50bn, reflecting additional cross-shareholding sales and expected impairment loss on Cavalier Logistics Group.
Operating and ordinary profit forecasts remain unchanged at ¥16bn and ¥20.6bn, respectively.
Basic earnings per share forecasted at ¥142.16 for the full year.
Impairment loss of approx. ¥5bn on Cavalier Logistics Group goodwill to be recorded in Q4.
Full-year revenue forecast is ¥280bn, down 1.4% year-over-year.
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