Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — FY2025 Earnings Presentation
37 slides from Nippon Express's earnings presentation, Feb 13, 2026
Slide 1: FY2025 Financial Results Presentation
FY2025 Financial Results Presentation February 13, 2026 NIPPON EXPRESS HOLDINGS, INC. Investor Relations Promotion Group Corporate Planning Division
Slide 2: Contents
Contents 1. Financial Results Highlight for FY2025 P.4 ～ 2. Forecast for FY2026 P.17～ 3. Business Plan 2028 Initiatives P.23～ 4. Return to Shareholders P.32～ 5. Initiatives to Improve Corporate Value P.34～ Financial Results Presentation for 1 Fiscal Year Ended December 2025 Copyright © 2026 NIPPON E
Slide 3: Financial Results for FY2025 Executive Summary
Financial Results for FY2025 Executive Summary ✓ The global economy has remained resilient despite the impact of Financial Results for FY2025 shifts in trade policies, including U.S. tariff measures, and international logistics demand is showing signs of recovery; Results Vs. FY2024 however, we expe
Slide 4: Financial Results Forecast for FY2026 Executive Summary
Financial Results Forecast for FY2026 Executive Summary Forecast for FY2026 Forecast Vs, FY2025 Revenues ¥2,700.0 billion +¥125.1 billion ✓ The global economic outlook for the +4.9 % current fiscal year reflects ongoing Consolidated Segment +¥24.0 billion geopolitical risks, resulting in an Income ¥
Slide 5: 1. Financial Results Highlight for FY2025
1. Financial Results Highlight for FY2025 A. Financial Results Highlights for FY2025 P.5- B. Breakdown of Revenues and Operating Income P.8- C. Q4, FY2025 vs. Q3, FY2025 P.10- D. Income and Expenses by Business P.12- E. Air Forwarding Gross Profit P.14- F. Ocean Forwarding Gross Profit P.16 Financia
Slide 6: 1-A. Financial Results Highlights for FY2025
1-A. Financial Results Highlights for FY2025 (100 million yen, %) (rounded down to 100 million yen) Current- Current- Previous Prior-Year Difference Difference Year Prior-Year Difference Difference Forecast Difference Item Year Results YoY YoY (%) 4Q 4Q Results YoY YoY (%) (Announced Difference (%)
Slide 7: 1-A. Breakdown of Operating Income
1-A. Financial Results Highlights for FY2025 Breakdown of Operating Income （100 million yen） Current-Year Previous Forecast Item Results (Announced November Difference Overview 12) Business profit 659 700 (41) Impairment loss on goodwill (592) (500) (92) in Europe Profit from the sale of low- 742 51
Slide 8: 1-A. Financial Results Highlights for FY2025 by Segment
1-A. Financial Results Highlights for FY2025 (100 million yen, %) (rounded down to 100 million yen) Previous Current-Year Prior-Year Difference Difference Forecast Difference Segment Item Results Results YoY YoY (%) Difference (Announced (%) November 12) Revenues 12,603 12,620 (16) (0.1) 12,580 23 0
Slide 9: 1-B. Breakdown of Revenues
1-B. Breakdown of Revenues and Operating Income ✓ Logistics Japan posted lower revenues due to lower air export freight forwarding volumes and the integration of the special Revenues combined delivery business. ✓ The Overseas Business posted lower revenues, despite the consolidation effect of Simon
Slide 10: 1-B. Breakdown of Operating Income
1-B. Breakdown of Revenues and Operating Income ✓ Domestic Business profit increased, mainly with improvements at subsidiaries, the impact of rate revisions, and steady performance in Logistics Support. Operating ✓ Overseas Business posted lower profit, mainly due to lower profit in Europe, where we
Slide 11: 1-C. Financial Results for FY2025 Q4 vs. Q3
1-C. Financial Results for FY2025 Q4, FY2025 vs. Q3, FY2025 (100 million yen, %) (rounded down to 100 million yen) Previous Forecast Difference FY2025 FY2025 Difference Item Difference 2025 Q4 Difference Q4 Results Q3 Results (%) (%) (Announced November 12) Revenues 6,662 6,366 296 4.7 6,714 (51) (0
Slide 12: 1-C. Q4 vs. Q3 by Segment
1-C. Financial Results for FY2025 Q4, FY2025 vs. Q3, FY2025 (by Segment) (100 million yen, %) (rounded down to 100 million yen) FY2025 FY2025 Difference Previous Forecast Difference Segment Item Difference FY2025 Q4 Difference Q4 Results Q3 Results (%) (Announced November 12) (%) Revenues 3,207 3,13
Slide 13: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business (100 million yen, %) (rounded down to 100 million yen) Quarterly Trend Analysis (Logistics Japan) Difference Difference Air: Revenues and profits increased quarter on quarter due to higher FY2024 FY2025 (QoQ) (YoY) volumes of spot transportation and electronic co
Slide 14: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business FY2024 FY2025 Difference Difference (100 million yen, %) (rounded down to 100 million yen) (QoQ) (YoY) Segment Q4 vs. Difference Difference Q1 Q2 Q3 Q4 Cumulative Q1 Q2 Q3 Q4 Cumulative Q4 vs. Q3 FY2024 FY2025 (QoQ) (YoY) Prior Q4 Segment Revenues 99 116 109 103
Slide 15: 1-E. Air Forwarding Gross Profit: Japan Segment
1-E. Air Forwarding Gross Profit: Japan Segment ✓ Volume decreased year on year due to a negative rebound from automobile-related spot revenue in the previous fiscal year and a decrease in semiconductor manufacturing equipment volume; however, volume increased quarter on quarter as shipments to Asia
Slide 16: 1-E. Air Forwarding Gross Profit: Overseas Segment
1-E. Air Forwarding Gross Profit: Overseas Segment ✓ Volume increased year on year and quarter on quarter—and exceeded expectations—mainly due to higher volumes of e-commerce- related cargo shipped from East Asia to Europe. Gross profit per unit and gross profit increased quarter on quarter due to h
Slide 17: 1-F. Ocean Forwarding Gross Profit: Japan/Overseas
1-F. Ocean Forwarding Gross Profit: Japan/Overseas ✓ Overseas-originated volumes increased year on year, while Japan-originated volumes declined due to customer BCO shifts. Overseas-originated and Japan-originated volumes increased quarter on quarter due to strengthened efforts to win new projects.
Slide 18: 2. Forecast for FY2026
2. Forecast for FY2026 A. Forecast for FY2026 P.18 B. Initiatives to Achieve Operating Income of ¥100 Billion in FY2026 P.19 C. Forecast for FY2026 By segment P.20 D. Breakdown of Revenues and Operating Income P.21- Financial Results Presentation for 17 Fiscal Year Ended December 2025 Copyright © 20
Slide 19: 2-A. Forecast for FY2026
2-A. Forecast for FY2026 (100 million yen, %) (rounded down to 100 million yen) Prior-Full-Year Item Full-Year Difference YoY Results Difference YoY Forecast (%) Difference YoY Revenues 27,000 25,748 1,251 4.9 Segment income (business profit) 900 659 240 36.4 Business Profit Ratio 3.3 2.6 - - Operat
Slide 20: 2-B. Initiatives to Achieve Operating Income of ¥100 Billion in FY2026
2-B. Initiatives to Achieve Operating Income of ¥100 Billion in FY2026 FY2025 Full-Year ¥68.5 billion Operating Income Full-Year Results ※Excluding impairment losses, gains on land sales, and other temporary gains or losses Initiatives to Achieve Operating Income of ¥100 Billion 1. Grow business pro
Slide 21: 2-C. Forecast for FY2026 (by Segment)
2-C. Forecast for FY2026 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Full-Year Prior-Year Difference YoY Difference YoY Segment Item Forecast Results (%) Revenues 12,700 12,603 96 0.8 Japan Segment income (business profit) 535 445 89 20.2 Revenues 1,560 1,380 179 13.0 America
Slide 22: 2-D. Forecast Breakdown of Revenues
2-D. Forecast for FY2026 Breakdown of Revenues and Operating Income Revenues 28,000 27,500 Heavy Increase in Overseas Haulage & adjustment Construction 396 27,000 27,000 Business 122 amount (100 million yen) 872 9 34 Logistics 26,500 Security Support (279) Impact of Logistics Transportation foreign
Slide 23: 2-D. Forecast Breakdown of Operating Income
2-D. Forecast for FY2026 Breakdown of Revenues and Operating Income Operating Income 1800 Business Profit: +¥24.0 billion Prior-year impairment (rebound 1600 increase) Business Profit 621 FY2025 Results 659 1400 FY2026 Forecast 900 (100 million yen) Prior-year Second 1200 Career Increase in cost Pri
Slide 24: 3. Business Plan 2028 Initiatives
3. Business Plan 2028 Initiatives A. Business Plan 2028 Basic Policy P.24 B. Global Business Growth: Priority Industries P.25 C. Global Business Growth: Major KPIs and Policies P.26 D. Rebuild Businesses in Japan P.27 E. Progress of M&A and Post-Merger Integration P.28- Financial Results Presentatio
Slide 25: 3-A. Business Plan 2028 Basic Policy
3-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 26: 3-B. Global Business Growth Priority Industries
3-B. Global Business Growth Priority Industries (100 million yen, %) (rounded down to 100 million yen) 2025 2024 Difference YoY Priority Industry (%) 2028 Targets Results Results Technology Core Domain: Electric & Electronics 3,001 3,054 (1.7)% 4,000 Growth, Pursuit Domains: Industrial Machinery Mob
Slide 27: 3-C. Global Business Growth Major KPIs and Policies
3-C. Global Business Growth Major KPIs and Policies Expand Forwarding Sales 2025 Results 2024 Results YoY (%) 2028 Targets Air Cargo Forwarding Volume 933kt 921kt +1.3％ 1,300kt Ocean Forwarding Volume 851 thousand TEU 899 thousand TEU (5.3)% 1,400 thousand TEU cargo-partner (Share) 2025 Results 2024
Slide 28: 3-D. Rebuild Businesses in Japan
3-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 29: M&A and PMI Progress: cargo-partner PMI Progress and Evaluation
Progress in Initiatives to Improve Corporate Value - FYE December 2025 - M&A and PMI Progress cargo-partner (CP) - PMI Progress and Evaluation 2024- Progress on Consolidation/Reorganization (1) Creating Synergies in Purchasing CP→NX • Creation Buying Power in the Ocean and Air Forwarding Businesses
Slide 30: cargo-partner Evaluation of the Acquisition
Progress in Initiatives to Improve Corporate Value - FYE December 2025 - M&A and PMI Progress cargo-partner社（CP）－ Evaluation of the acquisition Prospects at the Time of Acquisition Current Status・Evaluation Expanding forwarding volume ✓Higher positioning in the global market 【Strengths】 (Forwarder r
Slide 31: cargo-partner Future Direction and Initiatives
Progress in Initiatives to Improve Corporate Value - FYE December 2025 - M&A and PMI Progress cargo-partner (CP) - Future Direction and Initiatives [Step-by-Step Initiatives to Maximize Synergies] Two years have passed since the acquisition, and the integration of organizations and functions is larg
Slide 32: PMI for Simon Hegele (SH)
Progress in Initiatives to Improve Corporate Value - FYE December 2025 - M&A and PMI Progress PMI for Simon Hegele (SH) [SH Overview] Logistics Company With Strengths in Medtech (Services for Medical Devices) Strengths Rigging (In-Hospital Delivery, Etc.) Installation (Equipment Assembly, Software C
Slide 33: 4. Return to Shareholders
4. Return to Shareholders Capital Policies and Key Indicators P.33 Financial Results Presentation for 32 Fiscal Year Ended December 2025 Copyright © 2026 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 34: 4. Capital Policies and Key Indicators
4. 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 goodwill, real
Slide 35: 5. Initiatives to Improve Corporate Value
5. Initiatives to Improve Corporate Value Main Initiatives Toward Achieving Business Plan Goals P.35 Financial Results Presentation for 34 Fiscal Year Ended December 2025 Copyright © 2026 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 36: 5. Main Initiatives Toward Achieving Business Plan Goals
5. Main Initiatives Toward Achieving Business Plan Goals ■ Accelerate growth in the global market ・Expand end-to-end solutions, beginning with account management ・Leveraging Company cargo-partner's Strengths in Central and Eastern European Development ・PMI with SH HoldCo GmbH (Simon Hegele) ・Ring-In
Slide 37: Disclaimer
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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