Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — Q1 2026 Earnings Presentation
40 slides from Nippon Express's earnings presentation, May 13, 2026
Slide 1: Financial Results Presentation for Q1, Fiscal Year Ending December 2026
Financial Results Presentation for Q1,Fisical Year Ending December 2026 May 13, 2026 NIPPON EXPRESS HOLDINGS, INC. Investor Relations Promotion Group Corporate Planning Division
Slide 2: Contents
Contents 1. Financial Results for Q1,FY2026 P.4 - 2. Business Plan 2028 Initiatives P.15- 3. Forecast for FY2026 P.20- 4. M&A Review P.27- 5. Improve Corporate Value・Return to Shareholders P.36- Financial Results Presentation forQ1, 1 Fiscal Year Ending December 2026 Copyright © 2026 NIPPON EXPRESS
Slide 3: Financial Results for Q1, FY2026 Executive Summary
Financial Results for Q1,FY2026 Executive Summary Financial Results for Q1,FY2026 ※ Results Vs. Q1,FY2025 ✓ Revenue and profit increased year on year. However, the weaker yen against the euro had a significant impact, and on +¥7.0 billion a real basis excluding foreign exchange effects, revenue Reve
Slide 4: Financial Results Forecast for FY2026 Executive Summary
Financial Results Forecast for FY2026 Executive Summary Forecast for FY2026 Forecast Vs, FY2025 +¥125.1 billion ✓ Conditions in the Middle East continue to change daily, Revenues ¥2,700.0 billion and the outlook remains uncertain as the situation +4.9 % continues to evolve. We will work to secure ea
Slide 5: 1. Financial Results for Q1, FY2026
1. Financial Results for Q1,FY2026 A. Financial Results Highlights for Q1,FY2026 January to March P.5- B. Breakdown of Revenues and Operating Income P.7- C. Q1, FY2026 vs. Q4, FY2025 P.9- D. Income and Expenses by Business P.11 E. Air Forwarding Gross Profit P.12- F. Ocean Forwarding Gross Profit P.
Slide 6: 1-A. Financial Results Highlights for Q1, FY2026 (Jan-Mar)
1-A. Financial Results Highlights for Q1,FY2026 (Jan-Mar) (100 million yen, %) (rounded down to 100 million yen) ※ Item Current-Year Prior-Year Difference Difference Results Results (%) Revenues 6,523 6,452 70 1.1 Consolidated Segment Income 157 139 17 12.8 (business profit) Business profit ratio 2.
Slide 7: 1-A. Financial Results Highlights for Q1, FY2026 by Segment
1-A. Financial Results Highlights for Q1, FY2026(Jan-Mar) (100 million yen, %) (rounded down to 100 million yen) Segment Item Current-Year Prior-Year Difference Difference Results Results (%) Revenues 3,139 3,124 14 0.5 Japan Segment income (business profit) 102 74 28 38.7 Revenues 328 347 (18) (5.4
Slide 8: 1-B. Breakdown of Revenues
1-B. Breakdown of Revenues and Operating Income ✓ Logistics Japan reported higher revenue due to solid performance in logistics operations, including warehousing and Revenues in-factory work. ✓ Overseas Business reported higher revenue due to the consolidation of Simon Hegele and increased sales in
Slide 9: 1-B. Breakdown of Operating Income
1-B. Breakdown of Revenues and Operating Income Operating ✓ Domestic Business profit increased, due in part to improvements at subsidiaries, the impact of rate revisions, and cost reductions. ✓ Overseas Business reported lower profit due to a loss of orders in the Americas in the previous year and a
Slide 10: 1-C. Q1, FY2026 vs. Q4, FY2025
1-C. Financial Results for Q1, FY2026 Q1, FY2026 vs. Q4, FY2025 (100 million yen, %) (rounded down to 100 million yen) Item FY2026 Q1 FY2025 Q4 Difference Difference (%) Results Results Revenues 6,523 6,662 (138) (2.1) Consolidated segment income 157 160 (3) (2.1) (business profit) Business profit r
Slide 11: 1-C. Q1, FY2026 vs. Q4, FY2025 (by Segment)
1-C. Financial Results for Q1,FY2026 Q1, FY2026 vs. Q4, FY2025 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Segment Item FY2026 Q1 FY2025 Q4 Difference Difference (%) Results Results Revenues 3,139 3,207 (67) (2.1) Japan Segment income (business profit) 102 112 (9) (8.8) Reven
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: Revenue and profit increased quarter on quarter due to higher shipment volumes （100 million yen） Air Forwa
Slide 13: 1-E. Air Forwarding Gross Profit: Japan Segment
1-E. Air Forwarding Gross Profit: Japan Segment ✓ Shipment volumes to Asia, particularly electronic parts-related shipments, remained strong. Volumes increased year on year and exceeded expectations. Volumes also increased quarter on quarter due to growth in semiconductor-related shipments to South
Slide 14: 1-E. Air Forwarding Gross Profit: Overseas Segment
1-E. Air Forwarding Gross Profit: Overseas Segment ✓ Shipment volumes increased year on year and exceeded expectations for East Asia-origin e-commerce cargo bound for Europe and Asia-origin electronic parts-related shipments. Volumes declined quarter on quarter due to seasonal factors. Gross profit
Slide 15: 1-F. Ocean Forwarding Gross Profit: Japan/Overseas
1-F. Ocean Forwarding Gross Profit: Japan/Overseas ✓ Volumes for both shipments from Japan and overseas increased year-over-year due to enhanced RFQ efforts. Unit gross profit declined year-over-year for both shipments from Japan and overseas due to a drop in ocean freight rates. Quarter-over-quarte
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 forQ1, Q1 15 Fiscal Year Ending December 2026 C
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-Mar Jan-Mar (%) 2028 Targets Results Results Technology 771 Core Domain: Electric & Electronics 730 5.7% 4,000 Growth, Pursuit Domains: Industrial Mac
Slide 19: 2-C. Global Business Growth Major KPIs and Policies
2-C. Global Business Growth Major KPIs and Policies 2026 Jan-Mar 2025 Jan-Mar Expand Forwarding Sales YoY (%) 2028 Targets Results Results Air Cargo Forwarding Volume 237kt 217kt +9.2％ 1,300kt Ocean Forwarding Volume 208 thousand TEU 203 thousand TEU +2.5% 1,400 thousand TEU 2026 Jan-Mar 2025 Jan-Ma
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 By segment P.22 C. Forecast for FY2026 By segment (1H/2H) P.23- D. Breakdown of Revenues and Operating Income P.25- Financial Results Presentation for forQ1, Q1 20 Fiscal Year Ending December 2026 Copyright © 2026 NIPPON EXPRE
Slide 22: 3-A. Forecast for FY2026
3-A. Forecast for FY2026 (100 million yen, %) (rounded down to 100 million yen) Prior-Full- Item Q1 Q2 1H 2H Full-Year Difference Difference Year Result Forecast Forecast Forecast Forecast YoY YoY (%) Results Revenues 6,523 6,476 13,000 14,000 27,000 25,748 1,251 4.9 Segment income 157 222 380 520 9
Slide 23: 3-B. Forecast for FY2026 (by Segment)
3-B. Forecast for FY2026 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Full-Year Full-Year Prior-Year Difference Difference Forecast Difference( Segment Item Difference Forecast Results YoY YoY (%) (Announced %) February 13) Revenues 12,700 12,603 96 0.8 12,700 ー ー Japan Segmen
Slide 24: 3-C. Forecast for FY2026 (by Segment) First Half/Second Half
3-C. Forecast for FY2026 (by Segment) First Half/Second Half (100 million yen, %) (rounded down to 100 million yen) Q1 Q2 1H Prior Year Difference 2H Prior Year Segment Item Difference Result Forecast Forecast 1H Results YoY Forecast 2H Results Revenues 3,139 3,120 6,260 6,259 0 6,440 6,344 95 Japan
Slide 25: 3-C. Forecast for FY2026 First Half/Second Half (Compared to Previous)
3-C. Forecast for FY2026 (by Segment) First Half/Second Half (Compared to the previous time) (100 million yen, %) (rounded down to 100 million yen) 1H Forecast 2H Forecast Segment Item 1H Difference Difference 2H Difference Difference (Announced (Announced Forecast YoY YoY (%) Forecast YoY YoY (%) F
Slide 26: 3-D. Forecast for FY2026 Breakdown of Revenues
3-D. Forecast for FY2026 Breakdown of Revenues and Operating Income Revenues Heavy Increase in Haulage & adjustment Overseas Construction amount Business Logistics Security Logistics Support Impact of Japan Transportation foreign exchange +¥125.1 billion FY2025 FY2026 Forward-looking figures shown o
Slide 27: 3-D. Forecast for FY2026 Breakdown of Operating Income
3-D. Forecast for FY2026 Breakdown of Revenues and Operating Income Operating Income Prior-year Business Profit: +¥24.0 billion impairment (rebound Prior-year increase) Real estate Business Profit Sales FY2025 Results 659 FY2026 Forecast 900 Prior-year Second Increase in cost Prior-year Career Other
Slide 28: 4. M&A Review
4. M&A Review A. M&A Results P.28 B. M&A Assessment P.29 C. Cases Established as Industry Focus Growth Platforms P.30- D. CP`s PMI P.32 E. Central and Eastern Europe Business Expansion Project P.33 F. Future M&A Policy and Direction P.34 G. (References)About「Metro Supply Chain Group」 P.35 Financial
Slide 29: 4-A. M&A Result
4-A. M&A Result The top section of the stacked bar chart for fiscal year 2023 and beyond shows the revenue and segment profit of the target companies. Contribution to business performance (This does not include synergy effects from Group companies other than the target companies.) Revenue（100 millio
Slide 30: 4-B. M&A Assessment
4-B. M&A Assessment Assessment of M&A ▪Assessment of Past M&A ・ In terms of revenue, the acquired companies account for a significant share, particularly in overseas markets.However, the acquired companies’ profits fall short of the investment made ・During the initial selection of companies, there w
Slide 31: 4-C. Industry Focus Growth Platforms: (1) Lifestyle Industry
4-C. Cases Established as Industry Focus Growth Platforms: (1) Lifestyle Industry Assessment Revenue（Lifestyle） ✓ Establish Industry Focus initiative as a key Group strategy by integrating 2,000 highly specialized forwarding operations with warehousing and distribution （100 million yen） processing f
Slide 32: 4-C. Industry Focus Growth Platforms: (2) Healthcare Industry
4-C. Cases Established as Industry Focus Growth Platforms: (2) Healthcare Industry Assessment Revenue（Healthcare） 2,000 （100 million yen） ✓ Acquire overseas pharmaceutical warehousing and distribution processing functions 1,500 ✓ Gain access to European and U.S. pharmaceutical companies and 1,000 ac
Slide 33: 4-D. CP's PMI
4-D. CP`s PMI Implementing initiatives to create synergies in sales and purchasing, with consolidation/reorganization in countries where NX and CP sites coexist • Leverage the customer bases of both companies and strategically expand the non-Japanese customer base • Optimize facilities and operation
Slide 34: 4-E. Central and Eastern Europe Business Expansion Project
4-E. Central and Eastern Europe Business Expansion Project Drive global Group-wide growth by fully leveraging the Central and Eastern Europe (CEE) business platform gained through the acquisition of cargo-partner into the NX Group Operating Synergies Group-Wide Growth Strengths Acquired Through Acqu
Slide 35: 4-F. Future M&A Policy and Direction
4-F. Future M&A Policy and Direction Future Policy and Direction of M&A （Announced in February 2026） Consistency of This Tranaction Extend Global Reach ✓ Secure a non-Japanese customer base • Gain access to non-Japanese customers in North America, etc., and secure logistics functions. ✓ Increase for
Slide 36: 4-G. (References) About Metro Supply Chain Group
4-G. (References)About「Metro Supply Chain Group」 35 Financial Results Presentation forQ1, Fiscal Year Ending December 2026 Copyright © 2026 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 37: 5. Improve Corporate Value・Return to Shareholders
5. Improve Corporate Value・Return to Shareholders A. Summary of Initiatives for Fiscal Year 2026 P.37 B. B. Capital Policies and Key Indicators P.38 Financial Results Presentation for forQ1, Q1 36 Fiscal Year Ending December 2026 Copyright © 2026 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 38: Progress in Initiatives to Improve Corporate Value - Q1, FY2026
Progress in Initiatives to Improve Corporate Value- Q1,FY2026 - Summary of Initiatives In accordance with the plan, we carried out M&A transactions, the sale of low-yield real estate, and the repurchase of treasury stock. Cumulative 2024- Five-Year Plan 2024-2028 Results（Forecast） Results 2026 • Pla
Slide 39: 5-B. Capital Policies and Key Indicators
5-B. 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 of European Total divide
Slide 40: Company’s shares. on the Company’s assumptions, judgments and beliefs in light of the information
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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