Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — FY2025 Earnings Presentation
40 slides from Nippon Express's earnings presentation, February 2026
Slide 1: Financial Results Presentation for Fiscal Year Ending December 2025 Supplemental Documents
Financial Results Presentation for Fiscal Year Ending December 2025 Supplemental Documents Appendix 1:Special Factors P.2- Appendix 2:By Segment Quarterly P.3- Appendix 3:FY2025 Results Highlights by Segment P.5- Appendix 4:FY2026 Forecast Highlights by Segment P.13- Appendix 5:Global Business Growt
Slide 2: Appendix 1: Special Factors (Changes Due to External Environmental and Other Factors)
Appendix 1: Special Factors (Changes Due to External Environmental and Other Factors) Impact on consolidated results Impact on consolidated results Variable factors (Jan-Dec 2025 results) (Jan-Dec 2026 forecast) Segment Income (business profit) ¥(0.2) billion (cost increase) Segment Income (business
Slide 3: Appendix 2: By Segment Quarterly
Appendix 2: By Segment Quarterly (100 million yen) Revenue Logistics Japan Logistics Overseas Total Security Transportation Heavy Haulage & Construction Logistics Support 5,000 4,000 3,336 3,207 3,124 3,134 3,137 3,000 2,570 2,666 2,365 2,368 2,471 2,000 1,164 1,181 1,065 1,023 1,196 1,000 170 136 1
Slide 4: Appendix 2: By Segment Quarterly (Breakdown of Logistics, Overseas Regions)
Appendix 2: By Segment Quarterly (Breakdown of Logistics, Overseas Regions) (100 million yen) Revenue Americas Europe East Asia South Asia & Oceania 1,600 1,469 1,400 1,319 1,275 1,313 1,221 1,200 1,000 800 600 471 418 415 421 430 424 361 347 381 344 390 357 346 390 341 400 200 0 Q4, FY2024 Q1, FY20
Slide 5: Appendix 3: Results for FY2025 Japan Segment Highlights
Appendix 3: Results for FY2025 Highlights by Segment Japan Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) 8.0 Year 18,000 7.0 2025 3,124 3,134 6,259 3,137 3,207 6,344 12,603 15,000 6.0 Revenues 2024 3,054 3,069 6,124 3,15
Slide 6: Appendix 3: Results for FY2025 Americas Segment Highlights
Appendix 3: Results for FY2025 Highlights by Segment Americas Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 5,000 8.0 2025 347 344 692 346 341 687 1,380 4,000 Revenues 2024 370 413 783 385 361 746 1,530 6.0 100 mill
Slide 7: Appendix 3: Results for FY2025 Europe Segment Highlights
Appendix 3: Results for FY2025 Highlights by Segment Europe Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 10,000 8.0 2025 1,221 1,275 2,497 1,313 1,469 2,782 5,279 8,000 6.0 Revenues 2024 1,129 1,244 2,373 1,324 1,3
Slide 8: Appendix 3: Results for FY2025 East Asia Segment Highlights
Appendix 3: Results for FY2025 Highlights by Segment East Asia Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 5,000 8.0 2025 415 390 806 421 430 851 1,658 4,000 Revenues 2024 373 444 817 450 471 921 1,739 6.0 100 mil
Slide 9: Appendix 3: Results for FY2025 South Asia & Oceania Segment Highlights
South Asia & Oceania Appendix 3: Results for FY2025 Forecast Highlights by Segment Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 5,000 8.0 2025 381 357 738 390 424 815 1,554 4,000 Revenues 2024 347 377 724 433 418 8
Slide 10: Appendix 3: Results for FY2025 Security Transportation Segment Highlights
Security Transportation Appendix 3: Results for FY2025 Highlights by Segment Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 2,500 8.0 2025 170 174 344 174 175 350 695 2,000 6.0 Revenues 2024 176 168 344 170 170 340 6
Slide 11: Appendix 3: Results for FY2025 Heavy Haulage & Construction Segment Highlights
Heavy Haulage & Appendix 3: Results for FY2025 Highlights by Segment Construction Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 2025 129 118 248 118 119 237 485 2,500 14.0 Revenues 2024 106 122 228 136 136 272 500 2
Slide 12: Appendix 3: Results for FY2025 Logistics Support Segment Highlights
Logistics Support Appendix 3: Results for FY2025 Highlights by Segment Segment Quarterly Results Results for FY2025 Fiscal Item Jan-Mar Apr-Jun 1H Jul-Sep Oct-Dec 2H Full Year (100 million yen, %) Year 5,000 8.0 2025 1,181 1,065 2,247 1,023 1,196 2,219 4,467 4,000 Revenues 2024 1,079 983 2,063 977 1
Slide 13: Appendix 4: FY2026 Forecast Highlights by Segment (Japan, Americas)
Appendix 4: FY2026 Forecast Highlights by Segment 1 Japan Segment 2 The Americas Segment 8.0 5,000 8.0 18,000 7.0 4,000 6.0 15,000 6.0 12,000 5.0 3,000 4.0 4.0 9,000 2,000 3.0 6,000 2.0 2.0 1,000 3,000 1.0 0 0.0 0 0.0 FY2025 FY2026 FY2025 FY2026 Results Forecast Results Forecast Revenues 12,603 12,7
Slide 14: Appendix 4: FY2026 Forecast Highlights by Segment (Europe, East Asia)
Appendix 4: FY2026 Forecast Highlights by Segment 3 Europe Segment 4 East Asia Segment 6,000 8.0 5,000 8.0 5,000 7.0 4,000 6.0 6.0 4,000 5.0 3,000 3,000 4.0 4.0 3.0 2,000 2,000 2.0 1,000 2.0 1,000 1.0 0 0.0 0 0.0 FY2025 FY2026 FY2025 FY2026 Results Forecast Results Forecast Revenues 5,279 5,780 Reve
Slide 15: Appendix 4: FY2026 Forecast Highlights by Segment (South Asia & Oceania, Security Transportation)
Appendix 4: FY2026 Forecast Highlights by Segment 5 South Asia & Oceania Segment 6 Security Transportation Segment 5,000 8.0 2,500 8.0 4,000 2,000 6.0 6.0 3,000 1,500 4.0 4.0 2,000 1,000 1,000 2.0 500 2.0 0 0.0 0 0.0 FY2025 FY2026 FY2025 FY2026 Results Forecast Results Forecast Revenues 1,554 1,770
Slide 16: Appendix 4: FY2026 Forecast Highlights by Segment (Heavy Haulage, Logistics Support)
Appendix 4: FY2026 Forecast Highlights by Segment 7 Heavy Haulage & Construction Segment 8 Logistics Support Segment 2,500 5,000 8.0 14.0 2,000 12.0 4,000 6.0 10.0 3,000 1,500 8.0 4.0 1,000 6.0 2,000 4.0 1,000 2.0 500 2.0 0 0.0 0 0.0 FY2025 FY2026 FY2025 FY2026 Results Forecast Results Forecast Reve
Slide 17: Appendix 5: Global Business Growth Priority Industries
Appendix 5: Global Business Growth Priority Industries (100 million yen, %) (rounded down to 100 million yen) Japan Overseas Total 2025 2024 Difference 2028 2025 2024 Difference 2028 Priority Industry YoY (%) YoY (%) Results Results Targets Results Results Targets Technology Core Domain: Electric &
Slide 18: Appendix 6: Forwarding Results Export Air Freight Weight Originating From Japan
Appendix 6: Forwarding Results Export Air Freight Weight Originating From Japan Export Air Freight Weight Originating from Japan Nippon Express Export Weight (Unit: t) FY Total:194,128 tons FY Total: 209,472 tons Nippon Express Co., Ltd.Share 30.0% 26.2% 25.9% FY Total: 201,009 tons 25.2% 26.3% 26.4
Slide 19: Appendix 6: Forwarding Results Export Freight (Air Freight Forwarding)
Appendix 6: Forwarding Results Export Freight (Air Freight Forwarding) (Unit: t /chargeable) 2023 2024 2025 Originating Region Jan-Mar Apr-Jun Jul-Sep Oct-Dec Full Year Jan-Mar Apr-Jun Jul-Sep Oct-Dec Full Year Jan-Mar Apr-Jun Jul-Sep Oct-Dec Full Year Japan 63,642 63,131 63,351 65,003 255,128 62,90
Slide 20: Appendix 6: Forwarding Results Export Freight (Ocean Transportation)
Appendix 6: Forwarding Results Export Freight (Ocean Transportation) (Unit: TEU) 2023 2024 2025 Originating Region Jan-Mar Apr-Jun Jul-Sep Oct-Dec Full Year Jan-Mar Apr-Jun Jul-Sep Oct-Dec Full Year Jan-Mar Apr-Jun Jul-Sep Oct-Dec Full Year Japan 58,882 59,327 57,974 61,949 238,133 * 54,252 58,811 5
Slide 21: Appendix 6: Air Export Freight Forwarding Gross Profit and Margin by Quarter
Appendix 6: Forwarding Results Japan and Overseas Segment Air Export Freight Forwarding Business Gross Profit and Gross Profit Margin by Quarter Air export freight forwarding gross profit (100 million yen) Originating Region 2023 2024 2025 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-
Slide 22: Appendix 6: Air and Ocean Export Freight Forwarding Gross Profit Index by Quarter
Japan and Overseas Segment Air and Ocean Export Freight Forwarding Appendix 6: Forwarding Results Business Gross Profit Index by Quarter Japan Segment Total Gross Profit Index per Ton in Air Forwarding 200.00 Gross Profit Index per TEU in Ocean Freight Forwarding 100.00 88.06 90.80 97.23 91.33 90.97
Slide 23: Appendix 6: Forwarding Results (Consolidated) Forwarding Costs by Quarter
Appendix 6: Forwarding Results (Consolidated) Forwarding Costs by Quarter (100 million yen) 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 2025 Item Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec (IFRS) (IFRS) (IFRS) (IFRS) (IFRS) (IFRS) (IFRS
Slide 24: Appendix 7: Performance Data Comparison
Appendix 7: Performance Data Comparison Japan and Overseas Results, Forecast *Overseas revenue ratio calculated after eliminations. (100 million yen, %) (rounded down to 100 million yen) Segment Item Current-Year Results Prior Year Results Difference Difference (Jan-Dec 2025) (Jan-Dec 2024) YoY YoY
Slide 25: Appendix 7: Performance Data Comparison Results for FY2025 (2H)
Appendix 7: Performance Data Comparison Results for FY2025 (2H) (100 million yen, %) (rounded down to 100 million yen) * Prior Year 2H Difference YoY 2H Forecasts Difference Difference YoY Item 2H Results Difference YoY (Announced Results (%) November 12) YoY (%) Revenues 13,028 13,277 (249) (1.9) 1
Slide 26: Appendix 7: Results for 2H, FY2025 (by Segment)
Appendix 7: Results for 2H, FY2025 (by Segment) (100 million yen, %) (rounded down to 100 million yen) * Previous Difference Segment Item 2H Prior Year Difference Difference Forecast Difference YoY(%) Results 2H Results YoY YoY (%) (Announced YoY November 12) Revenues 6,344 6,496 (152) (2.3) 6,320 2
Slide 27: Appendix 7: Breakdown of Revenues and Operating Income (vs Previous Forecast)
Appendix 7: Breakdown of Revenues and Operating Income (vs Previous Forecast） Operating ✓ Logistics business saw reduced profits both in Japan and overseas due to increased costs such as labor expenses. ✓ In Q4, an additional impairment loss was recorded for the pharmaceuticals business.。 Income Bus
Slide 28: Appendix 7: Financial Forecast for FY2026 (1H, 2H)
Appendix 7: Performance Data Comparison Financial Forecast for FY2026 (1H, 2H) (100 million yen, %) (rounded down to 100 million yen) 1H Prior Year Difference Difference 2H Prior Year Difference Difference Item Forecast 1H Results YoY YoY (%) Forecasts 2H Results YoY YoY (%) Revenues 13,000 12,719 2
Slide 29: Appendix 7: Forecast for FY2026 by Segment (1H, 2H)
Appendix 7: Performance Data Comparison Forecast for FY2026 by Segment (1H, 2H) (100 million yen, %) (rounded down to 100 million yen) Prior Year Difference Difference 2H Prior Year Difference Difference Segment Item 1H Forecast 1H Results YoY YoY (%) Forecasts 2H Results YoY YoY (%) Revenues 6,260
Slide 30: Appendix 8: Nippon Express Co., Ltd. FY2025 Jan-Dec Results
Appendix 8: Nippon Express Co., Ltd. FY2025 Jan-Dec Results Revenue (Unit: Millions of yen,%) Operating Expenses and Operating Income (Unit: Millions of yen,%) (Unit: Millions of yen,%) Full Year Full Year % of % of Difference % of % of Difference 2025 Results 2024 Results Difference 2025 Results 20
Slide 31: Appendix 8: Nippon Express Co., Ltd. FY2025 Results
Appendix 8: Nippon Express Co., Ltd. FY2025 Results (100 million yen, %) (rounded down to 100 million yen) Breakdown of Operating Income *Increase and decrease in the graph is on an income basis FY2024 +¥68.0 FY2025 1,000 billion 717 877 800 600 Impact of Rising Fuel Decrease in Increase 100 million
Slide 32: Appendix 8: Nippon Express Co., Ltd. FY2026 Jan-Dec Forecast
Appendix 8: Nippon Express Co., Ltd. FY2026 Jan-Dec Forecast Revenues (Unit: Millions of yen,%) 1H 2H Full Year (Unit: Millions of yen,%) 2026 % of 2025 % of Difference 2026 % of % of Difference 2026 % of % of Difference Difference 2025 Results Difference 2025 Results Difference Forecast Sales Resul
Slide 33: Appendix 8: Nippon Express Co., Ltd. FY2026 Jan-Dec Forecast
Appendix 8: Nippon Express Co., Ltd. FY2026 Jan-Dec Forecast Operating Expenses and Operating Income (Unit: Millions of yen,%) (Unit: Millions of yen,%) 1H 2H Full Year 2026 % of 2025 % of 2026 % of % of Difference 2026 % of % of Difference Difference Difference (%) 2025 Results Difference 2025 Resu
Slide 34: Appendix 8: Nippon Express Co., Ltd. FY2026 Forecast
Appendix 8: Nippon Express Co., Ltd. FY2026 Forecast (100 million yen, %) (rounded down to 100 million yen) Breakdown of Operating Income *Increase and decrease in the graph is on an income basis ¥(44.7) billion 1,000 105 119 4 (12) (11) (5) 900 877 Impact of (59) Increase in unit fuel Revenue (61)
Slide 35: Appendix 9: Nippon Express Supplemental Documents
Appendix 9: Nippon Express Supplemental Documents (Formerly Results Presentation Memo) (Unit: Millions of yen,%) (Unit: Millions of yen,%) Ocean transportation (export) FY2025 Results FY2024 Results Difference Difference (%) North America 23,503 26,390 (2,887) (10.9) Europe 11,122 14,087 (2,964) (21
Slide 36: Appendix 10: Status of Business Plan 2028 Initiatives (ROE Tree 1)
Appendix 10: Status of Business Plan 2028 Initiatives (ROE Tree 1) Target Indicator FY2023 Results FY2024 Results FY2025 Results FY2028 Plan Improved ROE ¥2,239.0 ¥2,577.6 ¥2,574.8 ¥3,000 Revenue billion billion billion billion ROE 10％ or greater Expanded 20 Growth Strategy Revenue Growth Investment
Slide 37: Appendix 10: Status of Business Plan 2028 Initiatives (ROE Tree 2)
Appendix 10: Status of Business Plan 2028 Initiatives (ROE Tree 2) Target Indicator Change FY2024 FY2025 Strategy Main KPI Change FY2024 FY2025 FY2028 Plan Accelerate Growth in the Global Market Strategic Financial Indicators Revenue Through M&A +3.0% ¥290.7 billion ¥299.3billion ¥370 billion Overse
Slide 38: Appendix 11: Business Plan 2028 KPIs and Progress Sustainability Strategy
Appendix 11: Business Plan 2028 KPIs and Progress Sustainability Strategy Financial Results for FY2025 38 Supplemental Documents Copyright © 2026 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 39: Business Plan 2028 KPIs and Progress: Sustainability Strategy
Appendix 11: Business Plan 2028 KPIs and Progress ＊ Sustainability Strategy Enhance Human Capital to Foster Innovation KPI 2024 Results 2025 Results 2025 Targets 2028 Targets NX Core Engagement Score (Points)*1 72 pts 73 pts 73 pts or higher 76 pts or higher Independence/Willingness to Take on Chall
Slide 40: No information contained in this document is intended to solicit purchase or sale of the Company's shares
No information contained in this document is intended to solicit purchase or sale of the Company’s shares. Views, forecasts, and other forward looking statements contained in this document are based on the Company’s assumptions, judgments and beliefs in light of the information currently available t
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