The Keihin Co (9312) Q4 2026 earnings summary

Executive summary

• Revenue for the year ended March 2026 was ¥50,309 million, a 0.3% decrease year-over-year, while operating profit rose 18.2% to ¥3,427 million and net income attributable to shareholders increased 16.0% to ¥2,537 million.

• Domestic logistics saw revenue and profit growth, while international logistics experienced declines due to lower air cargo volumes and falling ocean freight rates.

Financial highlights

• Operating profit margin improved to 6.8% from 5.7% year-over-year; net profit margin rose to 5.0%.

• Total assets increased to ¥59,770 million, mainly due to property acquisitions, while equity rose to ¥33,793 million.

• Cash flow from operations was ¥5,625 million, with significant outflows for property investment (¥12,113 million) and inflows from financing activities (¥2,719 million).

• Year-end cash and equivalents stood at ¥4,802 million.

Outlook and guidance

• Fiscal 2027 guidance: revenue ¥51,000 million (+1.4%), operating profit ¥3,500 million (+2.1%), net income ¥3,400 million (+34.0%).

• Dividend forecast for next year is ¥140 per share (including a ¥30 special dividend), up from ¥100.

• Strategic focus on expanding high-value logistics, digital transformation, and global network, with risk management and sustainability emphasized.