Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — Q2 2026 Earnings Presentation
34 slides from Nippon Express's earnings presentation, Aug 7, 2026
Slide 1: Financial Results Presentation for Q2, Fiscal Year Ending December 2026
Financial Results Presentation for Q2, Fiscal Year Ending December 2026 August 7, 2026 NIPPON EXPRESS HOLDINGS, INC. Investor Relations Promotion Group Corporate Planning Division
Slide 2: Contents
Contents 1. Financial Results for Q2, FY2026 P.4- 2. Business Plan 2028 Initiatives P.15 - 3. Forecast For FY2026 P.20- 4. Return to Shareholders P.26- 5. Update on Initiatives to Improve Corporate Value Vol.2 P.28 - Financial Results Presentation for Q2, 1 Fiscal Year Ending December 2026 Copyright
Slide 3: Financial Results for Q2, FY2026 Executive Summary
Financial Results for Q2, FY2026 Executive Summary Financial Results for Q2, FY2026 Results ※ Vs. Q2, FY2025 ✓ The weakness of the yen against the euro and other foreign currency boosted revenue by approximately 50 billion yen. +¥84.6 billion Amid the situation in the Middle East and other uncertain
Slide 4: Financial Results Forecast for FY2026 Executive Summary
Financial Results Forecast for FY2026 Executive Summary Forecast for FY2026 Forecast Vs. FY2025 ✓ Based on the results for the first half, we have made an +¥175.1 billion upward revision of forecasts for revenue and all profit metrics, Revenues ¥2,750.0 billion including business profit. +6.8% Conso
Slide 5: 1. Financial Results for Q2, FY2026
1. Financial Results for Q2, FY2026 A. Financial Results Highlights for Q2, FY2026 (Jan-Jun) P.5- B. Breakdown of Revenues and Operating Income P.7- C. Q2, FY2026 vs. Q1, FY2026 P.9- D. Income and Expenses by Business P.11- E. Air Forwarding Gross Profit P.12- F. Ocean Forwarding Gross Profit P.14-
Slide 6: 1-A. Financial Results Highlights for Q2, FY2026 (Jan-Jun)
1-A. Financial Results Highlights for Q2, FY2026 (Jan-Jun) (100 million yen, %) (rounded down to 100 million yen) Current-Year *Prior-Year 1H Forecast Item Difference ※ Difference Difference Results (Jan- Results (Announced Difference YoY YoY (%) (%) Jun 2026) (Jan-Jun 2025) May 13) Revenues 13,566
Slide 7: 1-A. Financial Results Highlights by Segment
1-A. Financial Results Highlights for Q2, FY2026 (Jan-Jun) (100 million yen, %) (rounded down to 100 million yen) Current-Year *Prior-Year Segment Item Results Results Difference Difference 1H Forecast Difference Difference (%) (Jan-Jun 2026) (Jan-Jun 2025) YoY YoY (%) (Announced May 13) Revenues 6,
Slide 8: 1-B. Breakdown of Revenues
1-B. Breakdown of Revenues and Operating Income ✓ Logistics Japan posted higher revenues due to growth in air forwarding. Revenues ✓ The Overseas Business posted higher revenues with the consolidation of Simon Hegele and increased sales in air forwarding. ✓ Logistics Support reported lower revenue d
Slide 9: 1-B. Breakdown of Operating Income
1-B. Breakdown of Revenues and Operating Income Operating ✓ Domestic Business profit increased, with the impact of rate revisions and cost reductions, among other factors. Income ✓ Overseas Business profit increased due to higher volume and improved gross profit per unit in air forwarding. Business
Slide 10: 1-C. Q2, FY2026 vs. Q1, FY2026
1-C. Financial Results for Q2, FY2026 Q2, FY2026 vs. Q1, FY2026 (100 million yen, %) (rounded down to 100 million yen) Item FY2026 Q2 FY2026 Q1 Difference Difference Results Results ※ (%) Revenues 7,042 6,523 519 8.0 Consolidated Segment 310 157 152 97.0 Income (business profit) Business Profit Rati
Slide 11: 1-C. Q2 vs. Q1 FY2026 (by Segment)
1-C. Financial Results for Q2, FY2026 Q2, FY2026 vs. Q1, FY2026 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Previous Forecast Segment Item FY2026 Q2 FY2026 Q1 Difference Difference (%) 2026 Q2 (Announced Difference Difference (%) Results Results May 13) Revenues 3,295 3,139 1
Slide 12: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business Quarterly, Year-on-Year Trend Analysis (Logistics Japan) Operating Income Logistics Japan Gross Profit Operating Income Logistics Overseas Gross Profit Air:Profit increased quarter on quarter with rising shipment volumes to East Asia, primarily （100 million yen）
Slide 13: 1-E. Air Forwarding Gross Profit Japan Segment
1-E. Air Forwarding Gross Profit Japan Segment ✓ Shipment volumes to Asia remained strong, particularly shipments related to semiconductor manufacturing equipment and electronic parts. Volumes increased year on year and quarter on quarter, exceeding expectations. Gross profit per unit increased both
Slide 14: 1-E. Air Forwarding Gross Profit Overseas Segment
1-E. Air Forwarding Gross Profit Overseas Segment ✓ Volume exceeded both the previous year and expectations, driven by growth in e-commerce cargo from East Asia to Europe, as well as semiconductor equipment- and AI-related cargo from Asia. Gross profit per unit exceeded both the previous year and th
Slide 15: 1-F. Ocean Forwarding Gross Profit Japan/Overseas
1-F. Ocean Forwarding Gross Profit Japan/Overseas ✓ Volume increased both year on year and quarter on quarter, driven by stronger bidding capabilities that expanded volumes from Japan to Asia and intra-Asia shipments originating overseas. Gross profit per unit increased both year on year and quarter
Slide 16: 2. Business Plan 2028 Initiatives
2. Business Plan 2028 Initiatives A. Business Plan 2028 Basic Policy P.16 B. Global Business Growth: Priority Industries P.17 C. Global Business Growth: Major KPIs and Policies P.18 D. Rebuild Businesses in Japan P.19 Financial Results Presentation for Q2, 15 Fiscal Year Ending December 2026 Copyrig
Slide 17: 2-A. Business Plan 2028 Basic Policy
2-A. Business Plan 2028 Basic Policy Major Strategies and Policies in Business Plan 2028 ⚫ Improve global competitiveness and achieve business growth under groupwide optimization. ⚫ Increase competitiveness and profitability of businesses and enhance financial value through well-balanced strategic p
Slide 18: 2-B. Global Business Growth Priority Industries
2-B. Global Business Growth Priority Industries (100 million yen, %) (rounded down to 100 million yen) 2026 2025 Difference YoY Priority Industry Jan-Jun Jan-Jun (%) 2028 Targets Results Results Technology 1,655 1,461 13.3 % Core Domain: Electric & Electronics 4,000 Growth, Pursuit Domains: Industri
Slide 19: 2-C. Global Business Growth Major KPIs and Policies
2-C. Global Business Growth Major KPIs and Policies 2026 Jan-Jun 2025 Jan-Jun Expand Forwarding Sales YoY (%) 2028 Targets Results Results Air Cargo Forwarding Volume 484kt 447kt +8.4 ％ 1,300kt Ocean Forwarding Volume 433 thousand TEU 419 thousand TEU +3.4 % 1,400 thousand TEU 2026 Jan-Jun 2025 Jan-
Slide 20: 2-D. Rebuild Businesses in Japan
2-D. Rebuild Businesses in Japan Transform Into a More Continue to Enhance Domestic (1) (2) (3)Ongoing Transformation and Review Customer-Oriented Company Businesses in Japan of Business Infrastructure Establish an Account Management Structure Initiatives to Improve Profitability Initiatives Toward
Slide 21: 3. Forecast for FY2026
3. Forecast for FY2026 A. Forecast for FY2026 P.21 B. Forecast for FY2026 (Profit subtotals ) P.22 C. Forecast for FY2026 (by Segment) P.23 D. Breakdown of Revenues and Operating Income P.24- Financial Results Presentation for Q2, 20 Fiscal Year Ending December 2026 Copyright © 2026 NIPPON EXPRESS H
Slide 22: 3-A. Forecast for FY2026
3-A. Forecast for FY2026 (100 million yen, %) (rounded down to 100 million yen) 2H Full-Year 1H Forecasts Full-Year Prior-Year Difference Difference Forecast Difference Item Difference Results (Difference Forecast Results YoY YoY (%) (Announced (%) from previous forecast) May 13) 13,933 27,000 Reven
Slide 23: 3-B. Forecast for FY2026 (Profit subtotals)
3-B. Forecast for FY2026 (Profit subtotals ) (100 million yen) Full-Year Full-Year Forecast Prior-Year Item Difference Difference Overview Forecast （(Announced Results May 13) Business Profit 950 900 +50 ※ 659 +290 Additional gain on sale of low-profit 428 190 ＋238 808 (380) Previous period : Includ
Slide 24: 3-C. Forecast for FY2026 (by Segment)
3-C. Forecast for FY2026 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Full-Year Prior-Year Difference Difference Full-Year Difference Segment Item Forecast Difference Forecast Results YoY YoY (%) (%) (Announced May 13) Revenues 12,800 12,603 196 1.6 12,700 100 0.8 Japan Segmen
Slide 25: 3-D. Forecast Breakdown of Revenues
3-D. Forecast for FY2026 Breakdown of Revenues and Operating Income Revenue Impact of s28,000 foreign exchange Heavy 813 27,500 27,500 Overseas Haulage & Decrease in Business Construction adjustment 27,000 34 amount (100 million yen) 885 9 Security (37) Transportation Logistics (149) 26,500 Support
Slide 26: 3-D. Forecast Breakdown of Operating Income
3-D. Forecast for FY2026 Breakdown of Revenues and Operating Income Operating income Business profit: +¥29.0 billon Other (Gain on sale Prior-year of real estate Business Profit Impairment of Business and other 1600 goodwill M&A Acquisition Portfolio items in the FY2025 Results 659 594 -Related Expe
Slide 27: 4. Return to Shareholders
4. Return to Shareholders A.Return to Sharehorders (Capital Policies and Key Indicators) P.27 Financial Results Presentation for forQ2, Q2 26 Fiscal Year Ending December 2026 Copyright © 2026 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 28: 4-A. Return to Shareholders (Capital Policies and Key Indicators)
4-A. Return to Shareholders(Capital Policies and Key Indicators) Business Plan 2028 • ROE: Over 10％ • Total return ratio: Over 55% (cumulative total FY2024-FY2028) Targets • Equity ratio: Target 35% • Dividend payout ratio: Over 40% • Minimum Dividend: ¥100 （Annual, Per Share） *Including impairment
Slide 29: 5. Update on Initiatives to Improve Corporate Value Vol.2
5. Update on Initiatives to Improve Corporate Value Vol.2 A. Further Strengthening Initiative to Improve Corporate Value P.29 B. Cash allocation P.30 C. Shareholder Return Policy and M&A Investment Criteria P.31 D. Rolling Business Plan Considerations (Conceptual Presentation) P.32 Financial Results
Slide 30: 5-A. Further Strengthening Initiative to Improve Corporate Value
Update on Initiatives to Improve Corporate Value Vol.2 5-A. Further Strengthening Initiative to Improve Corporate Value We plan to expand the scale of and accelerate initiatives related to improving corporate value toward better capital efficiency, raising our stock price and corporate value, and wi
Slide 31: 5-B. Cash allocation
Update on Initiatives to Improve Corporate Value Vol.2 5-B. Cash allocation Cumulative total for 2024–2028 Expanding shareholder returns through additional real estate sales Scheduled to announce a strategic cash allocation, including management allocations, during the February 2027 rolling review o
Slide 32: 5-C. Shareholder Return Policy and M&A Investment Criteria
Update on Initiatives to Improve Corporate Value Vol.2 5-C. Shareholder Return Policy and M&A Investment Criteria FY2026 – FY2028 Shareholder Return Policy M&A Investment Policy ⚫ We continue to follow the policy of the current business ⚫ In terms of future M&A during the current business plan, plan
Slide 33: 5-D. Rolling Business Plan Considerations (Conceptual Presentation)
5-D. Rolling Business Plan Considerations (Conceptual Presentation) Business Plan ２０２８ Business Growth Strategy Outline ■Accelerate Growth in the Global Market ・Provision of End to End Solutions Starting with Account Management ・Growth through M&A ■Rebuild Businesses in Japan ・Improvement of profita
Slide 34: Financial Results Presentation for Q2, Fiscal Year Ending December 2026
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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