Annual report

Period2025-04-01 → 2026-03-31
Filed2026-06-22
StandardJapan GAAP
ConsolidatedYes
Data checks24 of 24 passed
Key figures · 148
MetricValuePeriodScopeSource row
Revenue¥30.2bn2025-04-01 → 2026-03-31Cons.Operating revenue1
Revenue¥29.2bn2024-04-01 → 2025-03-31Cons.Operating revenue1
Revenue¥27.9bn2023-04-01 → 2024-03-31vCons.Operating revenue1 (5-year summary)
Revenue¥28.2bn2022-04-01 → 2023-03-31vCons.Operating revenue1 (5-year summary)
Revenue¥28.4bn2021-04-01 → 2022-03-31vCons.Operating revenue1 (5-year summary)
Operating income¥1.4bn2025-04-01 → 2026-03-31Cons.Operating income
Operating income¥1.2bn2024-04-01 → 2025-03-31Cons.Operating income
Ordinary income¥1.9bn2025-04-01 → 2026-03-31Cons.Ordinary income
Ordinary income¥1.9bn2024-04-01 → 2025-03-31Cons.Ordinary income
Ordinary income¥1.8bn2023-04-01 → 2024-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥1.9bn2022-04-01 → 2023-03-31vCons.Ordinary income loss (5-year summary)
Ordinary income¥2.1bn2021-04-01 → 2022-03-31vCons.Ordinary income loss (5-year summary)
Profit before tax¥2.2bn2025-04-01 → 2026-03-31Cons.Income before income taxes
Profit before tax¥2.0bn2024-04-01 → 2025-03-31Cons.Income before income taxes
Net income (owners)¥1.7bn2025-04-01 → 2026-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.5bn2024-04-01 → 2025-03-31Cons.Profit loss attributable to owners of parent
Net income (owners)¥1.4bn2023-04-01 → 2024-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.4bn2022-04-01 → 2023-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income (owners)¥1.4bn2021-04-01 → 2022-03-31vCons.Profit loss attributable to owners of parent (5-year summary)
Net income¥1.7bn2025-04-01 → 2026-03-31Cons.Profit loss
Net income¥1.5bn2024-04-01 → 2025-03-31Cons.Profit loss
Total assets¥50.3bnat 2026-03-31Cons.Assets
Total assets¥48.6bnat 2025-03-31Cons.Assets
Total assets¥47.5bnat 2024-03-31vCons.Total assets (5-year summary)
Total assets¥45.8bnat 2023-03-31vCons.Total assets (5-year summary)
Total assets¥43.2bnat 2022-03-31vCons.Total assets (5-year summary)
Total liabilities¥21.2bnat 2026-03-31Cons.Liabilities
Total liabilities¥21.9bnat 2025-03-31Cons.Liabilities
Net assets / equity¥29.1bnat 2026-03-31Cons.Net assets
Net assets / equity¥26.6bnat 2025-03-31Cons.Net assets
Net assets / equity¥25.2bnat 2024-03-31vCons.Net assets
Net assets / equity¥23.2bnat 2023-03-31vCons.Net assets (5-year summary)
Net assets / equity¥22.2bnat 2022-03-31vCons.Net assets (5-year summary)
Cash and deposits¥6.1bnat 2026-03-31Cons.Cash and deposits
Cash and deposits¥6.3bnat 2025-03-31Cons.Cash and deposits
Cash & equivalents¥6.1bnat 2026-03-31Cons.Cash and cash equivalents
Cash & equivalents¥6.3bnat 2025-03-31Cons.Cash and cash equivalents
Cash & equivalents¥6.6bnat 2024-03-31vCons.Cash and cash equivalents
Cash & equivalents¥8.3bnat 2023-03-31vCons.Cash and cash equivalents (5-year summary)
Cash & equivalents¥7.7bnat 2022-03-31vCons.Cash and cash equivalents (5-year summary)
Operating cash flow¥2.2bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥3.2bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in operating activities
Operating cash flow¥1.8bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.7bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Operating cash flow¥2.8bn2021-04-01 → 2022-03-31vCons.Net cash provided by used in operating activities (5-year summary)
Investing cash flow−¥1.6bn2025-04-01 → 2026-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥2.0bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in investment activities
Investing cash flow−¥3.1bn2023-04-01 → 2024-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥3.4bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Investing cash flow−¥817m2021-04-01 → 2022-03-31vCons.Net cash provided by used in investing activities (5-year summary)
Financing cash flow−¥936m2025-04-01 → 2026-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥1.4bn2024-04-01 → 2025-03-31Cons.Net cash provided by used in financing activities
Financing cash flow−¥509m2023-04-01 → 2024-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow¥1.4bn2022-04-01 → 2023-03-31vCons.Net cash provided by used in financing activities (5-year summary)
Financing cash flow−¥783m2021-04-01 → 2022-03-31vCons.Net cash provided by used in financing activities (5-year summary)
EPS (basic)¥220.882025-04-01 → 2026-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥197.662024-04-01 → 2025-03-31Cons.Basic earnings loss per share (5-year summary)
EPS (basic)¥181.382023-04-01 → 2024-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥178.512022-04-01 → 2023-03-31vCons.Basic earnings loss per share (5-year summary)
EPS (basic)¥188.952021-04-01 → 2022-03-31vCons.Basic earnings loss per share (5-year summary)
Net assets per share¥3,872.59at 2026-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,516.71at 2025-03-31Cons.Net assets per share (5-year summary)
Net assets per share¥3,332.26at 2024-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥3,078.59at 2023-03-31vCons.Net assets per share (5-year summary)
Net assets per share¥2,898.66at 2022-03-31vCons.Net assets per share (5-year summary)
Equity ratio57.8%at 2026-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio54.8%at 2025-03-31Cons.Equity to asset ratio (5-year summary)
Equity ratio53.0%at 2024-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio50.7%at 2023-03-31vCons.Equity to asset ratio (5-year summary)
Equity ratio51.3%at 2022-03-31vCons.Equity to asset ratio (5-year summary)
ROE6.0%2025-04-01 → 2026-03-31Cons.Rate of return on equity (5-year summary)
ROE5.8%2024-04-01 → 2025-03-31Cons.Rate of return on equity (5-year summary)
ROE5.7%2023-04-01 → 2024-03-31vCons.Rate of return on equity (5-year summary)
ROE5.9%2022-04-01 → 2023-03-31vCons.Rate of return on equity (5-year summary)
ROE6.7%2021-04-01 → 2022-03-31vCons.Rate of return on equity (5-year summary)
Employees721at 2026-03-31Cons.Number of employees
Employees724at 2025-03-31Cons.Number of employees
Employees729at 2024-03-31vCons.Number of employees
Employees733at 2023-03-31vCons.Number of employees
Employees748at 2022-03-31vCons.Number of employees
Revenue¥22.1bn2025-04-01 → 2026-03-31StandaloneOperating revenue1
Revenue¥21.3bn2024-04-01 → 2025-03-31StandaloneOperating revenue1
Revenue¥20.0bn2023-04-01 → 2024-03-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥20.7bn2022-04-01 → 2023-03-31vStandaloneOperating revenue1 (5-year summary)
Revenue¥20.9bn2021-04-01 → 2022-03-31vStandaloneOperating revenue1 (5-year summary)
Operating income¥1.0bn2025-04-01 → 2026-03-31StandaloneOperating income
Operating income¥869m2024-04-01 → 2025-03-31StandaloneOperating income
Ordinary income¥1.6bn2025-04-01 → 2026-03-31StandaloneOrdinary income
Ordinary income¥1.3bn2024-04-01 → 2025-03-31StandaloneOrdinary income
Ordinary income¥1.4bn2023-04-01 → 2024-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.5bn2022-04-01 → 2023-03-31vStandaloneOrdinary income loss (5-year summary)
Ordinary income¥1.8bn2021-04-01 → 2022-03-31vStandaloneOrdinary income loss (5-year summary)
Profit before tax¥1.9bn2025-04-01 → 2026-03-31StandaloneIncome before income taxes
Profit before tax¥1.5bn2024-04-01 → 2025-03-31StandaloneIncome before income taxes
Net income¥1.5bn2025-04-01 → 2026-03-31StandaloneProfit loss
Net income¥1.1bn2024-04-01 → 2025-03-31StandaloneProfit loss
Net income¥1.2bn2023-04-01 → 2024-03-31vStandaloneNet income loss (5-year summary)
Net income¥1.1bn2022-04-01 → 2023-03-31vStandaloneNet income loss (5-year summary)
Net income¥1.3bn2021-04-01 → 2022-03-31vStandaloneNet income loss (5-year summary)
Total assets¥45.2bnat 2026-03-31StandaloneAssets
Total assets¥43.3bnat 2025-03-31StandaloneAssets
Total assets¥42.6bnat 2024-03-31vStandaloneTotal assets (5-year summary)
Total assets¥41.2bnat 2023-03-31vStandaloneTotal assets (5-year summary)
Total assets¥38.6bnat 2022-03-31vStandaloneTotal assets (5-year summary)
Total liabilities¥21.0bnat 2026-03-31StandaloneLiabilities
Total liabilities¥21.2bnat 2025-03-31StandaloneLiabilities
Net assets / equity¥24.2bnat 2026-03-31StandaloneNet assets
Net assets / equity¥22.1bnat 2025-03-31StandaloneNet assets
Net assets / equity¥21.2bnat 2024-03-31vStandaloneNet assets
Net assets / equity¥19.6bnat 2023-03-31vStandaloneNet assets (5-year summary)
Net assets / equity¥18.9bnat 2022-03-31vStandaloneNet assets (5-year summary)
Cash and deposits¥5.1bnat 2026-03-31StandaloneCash and deposits
Cash and deposits¥5.4bnat 2025-03-31StandaloneCash and deposits
EPS (basic)¥196.652025-04-01 → 2026-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥147.142024-04-01 → 2025-03-31StandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥153.892023-04-01 → 2024-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥151.332022-04-01 → 2023-03-31vStandaloneBasic earnings loss per share (5-year summary)
EPS (basic)¥168.032021-04-01 → 2022-03-31vStandaloneBasic earnings loss per share (5-year summary)
Dividend per share¥702025-04-01 → 2026-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥602024-04-01 → 2025-03-31StandaloneDividend paid per share (5-year summary)
Dividend per share¥332023-04-01 → 2024-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥102022-04-01 → 2023-03-31vStandaloneDividend paid per share (5-year summary)
Dividend per share¥9.52021-04-01 → 2022-03-31vStandaloneDividend paid per share (5-year summary)
Net assets per share¥3,198.38at 2026-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,909.22at 2025-03-31StandaloneNet assets per share (5-year summary)
Net assets per share¥2,786.39at 2024-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,591.68at 2023-03-31vStandaloneNet assets per share (5-year summary)
Net assets per share¥2,453.84at 2022-03-31vStandaloneNet assets per share (5-year summary)
Equity ratio53.5%at 2026-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio51.1%at 2025-03-31StandaloneEquity to asset ratio (5-year summary)
Equity ratio49.7%at 2024-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio47.7%at 2023-03-31vStandaloneEquity to asset ratio (5-year summary)
Equity ratio48.8%at 2022-03-31vStandaloneEquity to asset ratio (5-year summary)
ROE6.4%2025-04-01 → 2026-03-31StandaloneRate of return on equity (5-year summary)
ROE5.2%2024-04-01 → 2025-03-31StandaloneRate of return on equity (5-year summary)
ROE5.7%2023-04-01 → 2024-03-31vStandaloneRate of return on equity (5-year summary)
ROE6.0%2022-04-01 → 2023-03-31vStandaloneRate of return on equity (5-year summary)
ROE7.0%2021-04-01 → 2022-03-31vStandaloneRate of return on equity (5-year summary)
Shares issued7,864,000at 2026-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,864,000at 2025-03-31StandaloneTotal number of issued shares (5-year summary)
Shares issued7,864,000at 2024-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued39,324,000at 2023-03-31vStandaloneTotal number of issued shares (5-year summary)
Shares issued39,324,000at 2022-03-31vStandaloneTotal number of issued shares (5-year summary)
Employees285at 2026-03-31StandaloneNumber of employees
Employees286at 2025-03-31StandaloneNumber of employees
Employees291at 2024-03-31vStandaloneNumber of employees
Employees297at 2023-03-31vStandaloneNumber of employees
Employees302at 2022-03-31vStandaloneNumber of employees

Periods use the dates stated in the filing. d = earlier-year period dated by calendar; v = that date confirmed by the company's own earlier filing.

Segments · 28
SegmentItemPeriodValue
Logistics Businessreportable segmentcapex2025-04-01 → 2026-03-31¥1.9bn
Logistics Businessreportable segmentdepreciation2025-04-01 → 2026-03-31¥1.4bn
Logistics Businessreportable segmentrevenue2025-04-01 → 2026-03-31¥29.5bn
Logistics Businessreportable segmentrevenue external2025-04-01 → 2026-03-31¥29.5bn
Logistics Businessreportable segmentsegment assetsat 2026-03-31¥29.9bn
Logistics Businessreportable segmentsegment ordinary income2025-04-01 → 2026-03-31¥1.8bn
—segment totalemployeesat 2026-03-31674 pure
Total Of Reportable Segments And Otherssegment totalcapex2025-04-01 → 2026-03-31¥1.9bn
Total Of Reportable Segments And Otherssegment totaldepreciation2025-04-01 → 2026-03-31¥1.5bn
Total Of Reportable Segments And Otherssegment totalrevenue2025-04-01 → 2026-03-31¥30.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2025-04-01 → 2026-03-31¥30.2bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2025-04-01 → 2026-03-31¥1m
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2026-03-31¥31.8bn
Total Of Reportable Segments And Otherssegment totalsegment ordinary income2025-04-01 → 2026-03-31¥2.1bn
Logistics Businessreportable segmentcapex2024-04-01 → 2025-03-31¥2.3bn
Logistics Businessreportable segmentdepreciation2024-04-01 → 2025-03-31¥1.3bn
Logistics Businessreportable segmentrevenue2024-04-01 → 2025-03-31¥28.5bn
Logistics Businessreportable segmentrevenue external2024-04-01 → 2025-03-31¥28.5bn
Logistics Businessreportable segmentsegment assetsat 2025-03-31¥29.7bn
Logistics Businessreportable segmentsegment ordinary income2024-04-01 → 2025-03-31¥1.6bn
Total Of Reportable Segments And Otherssegment totalcapex2024-04-01 → 2025-03-31¥2.3bn
Total Of Reportable Segments And Otherssegment totaldepreciation2024-04-01 → 2025-03-31¥1.4bn
Total Of Reportable Segments And Otherssegment totalrevenue2024-04-01 → 2025-03-31¥29.2bn
Total Of Reportable Segments And Otherssegment totalrevenue external2024-04-01 → 2025-03-31¥29.2bn
Total Of Reportable Segments And Otherssegment totalrevenue intersegment2024-04-01 → 2025-03-31¥4m
Total Of Reportable Segments And Otherssegment totalsegment assetsat 2025-03-31¥31.7bn
Total Of Reportable Segments And Otherssegment totalsegment ordinary income2024-04-01 → 2025-03-31¥1.9bn
—segment totalemployeesat 2026-03-31254 pure

Segment names come from EDINET member IDs; not yet mapped to a common taxonomy.

All source rows · 1,701
ItemContextValueUnit
Total assets (5-year summary)CurrentYearInstant_NonConsolidatedMember45175667000JPY
Net assets per share (5-year summary)Prior4YearInstant_NonConsolidatedMember2453.84
Net assets per share (5-year summary)Prior3YearInstant_NonConsolidatedMember2591.68
Net assets per share (5-year summary)Prior2YearInstant_NonConsolidatedMember2786.39
Net assets per share (5-year summary)Prior1YearInstant_NonConsolidatedMember2909.22
Net assets per share (5-year summary)CurrentYearInstant_NonConsolidatedMember3198.38
Dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember9.50
Dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember10.00
Dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember33.00
Dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember60.00
Dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember70.00
Interim dividend paid per share (5-year summary)Prior4YearDuration_NonConsolidatedMember4.50
Interim dividend paid per share (5-year summary)Prior3YearDuration_NonConsolidatedMember5.00
Interim dividend paid per share (5-year summary)Prior2YearDuration_NonConsolidatedMember5.50
Interim dividend paid per share (5-year summary)Prior1YearDuration_NonConsolidatedMember30.00
Interim dividend paid per share (5-year summary)CurrentYearDuration_NonConsolidatedMember30.00
Basic earnings loss per share (5-year summary)Prior4YearDuration_NonConsolidatedMember168.03
Basic earnings loss per share (5-year summary)Prior3YearDuration_NonConsolidatedMember151.33
Basic earnings loss per share (5-year summary)Prior2YearDuration_NonConsolidatedMember153.89
Basic earnings loss per share (5-year summary)Prior1YearDuration_NonConsolidatedMember147.14
Basic earnings loss per share (5-year summary)CurrentYearDuration_NonConsolidatedMember196.65
Diluted earnings per share (5-year summary)Prior4YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior3YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior2YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)Prior1YearDuration_NonConsolidatedMember-
Diluted earnings per share (5-year summary)CurrentYearDuration_NonConsolidatedMember-
Equity to asset ratio (5-year summary)Prior4YearInstant_NonConsolidatedMember0.488
Equity to asset ratio (5-year summary)Prior3YearInstant_NonConsolidatedMember0.477
Equity to asset ratio (5-year summary)Prior2YearInstant_NonConsolidatedMember0.497
Equity to asset ratio (5-year summary)Prior1YearInstant_NonConsolidatedMember0.511
Equity to asset ratio (5-year summary)CurrentYearInstant_NonConsolidatedMember0.535
Rate of return on equity (5-year summary)Prior4YearDuration_NonConsolidatedMember0.070
Rate of return on equity (5-year summary)Prior3YearDuration_NonConsolidatedMember0.060
Rate of return on equity (5-year summary)Prior2YearDuration_NonConsolidatedMember0.057
Rate of return on equity (5-year summary)Prior1YearDuration_NonConsolidatedMember0.052
Rate of return on equity (5-year summary)CurrentYearDuration_NonConsolidatedMember0.064
Price earnings ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember9.7
Price earnings ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember9.5
Price earnings ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember10.0
Price earnings ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember10.1
Price earnings ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember10.6
Payout ratio (5-year summary)Prior4YearDuration_NonConsolidatedMember0.283
Payout ratio (5-year summary)Prior3YearDuration_NonConsolidatedMember0.330
Payout ratio (5-year summary)Prior2YearDuration_NonConsolidatedMember0.357
Payout ratio (5-year summary)Prior1YearDuration_NonConsolidatedMember0.408
Payout ratio (5-year summary)CurrentYearDuration_NonConsolidatedMember0.356
Number of employeesPrior4YearInstant_NonConsolidatedMember302
Number of employeesPrior3YearInstant_NonConsolidatedMember297
Number of employeesPrior2YearInstant_NonConsolidatedMember291
Number of employeesPrior1YearInstant_NonConsolidatedMember286

Every row of the EDINET CSV. Item names are the XBRL element names; filed text is kept in its original Japanese. Filed text is available on Plus and Pro.

Data checks · 24 of 24 passed
balance sheet identityconsolidated 2025-03-31pass rounding
balance sheet identityconsolidated 2026-03-31pass rounding
balance sheet identitynon_consolidated 2025-03-31pass
balance sheet identitynon_consolidated 2026-03-31pass rounding
dei present pass
period resolution pass
statement vs summary · net assetsconsolidated 2024-03-31pass
statement vs summary · net assetsconsolidated 2025-03-31pass
statement vs summary · net assetsconsolidated 2026-03-31pass
statement vs summary · net assetsnon_consolidated 2024-03-31pass
statement vs summary · net assetsnon_consolidated 2025-03-31pass
statement vs summary · net assetsnon_consolidated 2026-03-31pass
statement vs summary · net income attributable to parentconsolidated 2024-04-01/2025-03-31pass
statement vs summary · net income attributable to parentconsolidated 2025-04-01/2026-03-31pass
statement vs summary · operating cash flowconsolidated 2024-04-01/2025-03-31pass
statement vs summary · operating cash flowconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenueconsolidated 2024-04-01/2025-03-31pass
statement vs summary · revenueconsolidated 2025-04-01/2026-03-31pass
statement vs summary · revenuenon_consolidated 2024-04-01/2025-03-31pass
statement vs summary · revenuenon_consolidated 2025-04-01/2026-03-31pass
statement vs summary · total assetsconsolidated 2025-03-31pass
statement vs summary · total assetsconsolidated 2026-03-31pass
statement vs summary · total assetsnon_consolidated 2025-03-31pass
statement vs summary · total assetsnon_consolidated 2026-03-31pass