Seino Holdings Co (9076) Q1 2026 earnings summary

Executive summary

• Revenue rose 21.2% and operating income increased 40.6% year-over-year in Q1 FY2026, driven by freight rate adjustments and the consolidation of MD LOGIS.

• Profit attributable to owners of the parent surged 76.9% year-over-year, aided by higher operating income and reduced losses on asset disposals.

• Comprehensive income increased 86.4% year-over-year to ¥6,651 million.

• Results are in line with the full-year forecast, and the earnings outlook is maintained.

Financial highlights

• Operating revenue: ¥199.6 billion (+21.2% YoY); excluding MD LOGIS: +3.4% YoY.

• Operating profit: ¥9.2 billion (+40.6% YoY); excluding MD LOGIS: +17.0% YoY.

• Net profit: ¥5.7 billion (+76.9% YoY); excluding MD LOGIS: +56.4% YoY.

• Gross profit for Q1 FY2026 was ¥23.5 billion, up from ¥19.0 billion year-over-year.

• Ordinary profit increased 41.2% year-over-year to ¥9.8 billion.

• Gross margin improved to 11.8% (+0.2pt YoY); operating margin rose to 4.6% (+0.6pt YoY).

• Basic earnings per share for Q1 FY2026 was ¥37.91, up from ¥19.00 year-over-year.

• Total assets as of June 30, 2025, were ¥766.9 billion, with net assets at ¥421.1 billion.

• Equity-to-asset ratio stood at 51.4%.

Outlook and guidance

• Full-year FY2026 operating revenue forecast is ¥813.7 billion (+10.4% YoY), operating profit ¥37.6 billion (+25.8% YoY), ordinary profit ¥38.3 billion, net profit ¥22 billion (+14.3% YoY), EPS ¥147.35.

• Full-year operating income forecast maintained at +¥7.7 billion (+25%).

• Dividend payout to be maintained at DOE 4%, annual dividend ¥102.

• No revisions to previously announced forecasts.