Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — Q2 2025 Earnings Presentation
31 slides from Nippon Express's earnings presentation, Aug 8, 2025
Slide 1: Financial Results Presentation for Q2, Fiscal Year Ending December 2025
Financial Results Presentation for Q2, Fiscal Year Ending December 2025 August 8, 2025 NIPPON EXPRESS HOLDINGS, INC. Investor Relations Promotion Group Corporate Planning Division
Slide 2: Contents
Contents 1. Financial Results for Q2, FY2025 P.4- 2. Forecast for FY2025 P.16 - 3. Business Plan 2028 Initiatives P.21 - 4. Return to Shareholders P.28 - Financial Results Presentation for Q2, 1 Fiscal Year Ending December 2025 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 3: Financial Results for Q2, FY2025 Executive Summary
Financial Results for Q2, FY2025 Executive Summary Financial Results for Q2, FY2025 Results Vs. Q2, FY2024 ✓ Logistics demand in the second single quarter +¥22.0 billion was generally sluggish for cargo movement Revenues ¥1271.9 billion amid concerns over U.S. tariff policies. +1.8% ✓ Revenue increa
Slide 4: Forecast for FY2025 Executive Summary
Financial Results Forecast for FY2025 Executive Summary Forecast for FY2025 Forecast Vs. FY2024 ✓ In light of the results of in the first half and a +¥22.3 billion comprehensive consideration of the future outlook, Revenues ¥2,600.0 billion we revised revenues and every profit measure +0.9% +¥6.4 bi
Slide 5: 1. Financial Results for Q2, FY2025
1. Financial Results for Q2, FY2025 A. Financial Results Highlights for Q2, FY2025 (Jan-Jun) P.5- B. Breakdown of Revenues and Operating Income P.7- C. Q2, FY2025 vs. Q1, FY2025 P.9- D. Income and Expenses by Business P.11- E. Air Forwarding Gross Profit P.13- F. Ocean Forwarding Gross Profit P.15 F
Slide 6: 1-A. Financial Results Highlights for Q2, FY2025 (Jan-Jun)
1-A. Financial Results Highlights for Q2, FY2025 (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 2025) (Jan-Jun 2024) May 13) Revenues 12,719
Slide 7: 1-A. Financial Results Highlights by Segment
1-A. Financial Results Highlights for Q2, FY2025 (Jan-Jun) (100 million yen, %) (rounded down to 100 million yen) Current-Year *Prior-Year 1H Forecast Segment Item Results (Jan- Results Difference Difference Difference (Announced Difference Jun 2025) (Jan-Jun 2024) YoY YoY (%) (%) May 13) Revenues 6
Slide 8: 1-B. Breakdown of Revenues
1-B. Breakdown of Revenues and Operating Income Revenues ✓ Logistics Japan posted higher revenues due to higher unit sales prices and rate revisions in air forwarding. ✓ Logistics Overseas posted higher revenues due to the consolidation SH (Simon Hegele) and other factors. ✓ Logistics Support posted
Slide 9: 1-B. Breakdown of Operating Income
1-B. Breakdown of Revenues and Operating Income Operating ✓ Profit increased in the Domestic Business due to an improvement in air forwarding gross profit per unit Income ✓ Profit increase due to ongoing steady volume in Logistics Support. ✓ Profit increased due to an impairment loss associated with
Slide 10: 1-C. Q2, FY2025 vs. Q1, FY2025
1-C. Financial Results for Q2, FY2025 Q2, FY2025 vs. Q1, FY2025 (100 million yen, %) (rounded down to 100 million yen) Item FY2025 Q2 FY2025 Q1 Difference Difference Results Results (%) Revenues 6,267 6,452 (185) (2.9) Consolidated Segment 178 140 ＋38 ＋27.1 Income (business profit) Business Profit R
Slide 11: 1-C. Q2 vs. Q1 FY2025 (by Segment)
1-C. Financial Results for Q1, FY2025 Q2, FY2025 vs. Q1, FY2025 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Previous Segment Item FY2025 Q2 FY2025 Q1 Difference Forecast 2025 Difference Difference Difference Results Results (%) Q2 (Announced (%) May 13) Revenues 3,134 3,124 1
Slide 12: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business (100 million yen, %) (rounded down to 100 million yen) Quarterly, Year-on-Year Trend Analysis (Logistics Japan) FY2024 FY2025 Difference (QoQ) Difference YoY Air: Unit sales price and gross profit per unit declined; however intra-Asia cargo movement was Segment s
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) FY2024 FY2025 Difference (QoQ) Difference YoY FY2024 FY2025 Difference (QoQ) Difference YoY Segment Q1 Q2 Q3 Q4 Cumulative Q1 Q2 Q2 vs. Q1 Q2 vs. Prior Q2 Segment Revenues 99 112 103 95 411 91 89 (2) (23) Q1
Slide 14: 1-E. Air Forwarding Gross Profit Japan Segment
1-E. Air Forwarding Gross Profit Japan Segment ✓ Forwarding volume underperformed forecast and was lower year on year, despite a quarter-on-quarter increase in semiconductor-related shipments to East Asia and automobile and electronic parts-related shipments to South Asia. Gross profit per unit decl
Slide 15: 1-E. Air Forwarding Gross Profit Overseas Segment
1-E. Air Forwarding Gross Profit Overseas Segment ✓ Forwarding volume increased from the previous quarter and the year-ago quarter; however, volume did not meet forecast. Gross profit per unit and gross profit decreased from the previous quarter and the year-ago quarter due to lower gross profit per
Slide 16: 1-F. Ocean Forwarding Gross Profit Japan/Overseas
1-F. Ocean Forwarding Gross Profit Japan/Overseas ✓ Although volume increased from the previous quarter for both Japan-originated and overseas-originated forwarding, volume declined year on year, showing a lack of momentum. Gross profit also declined, due to a lower gross profit index. The gross pro
Slide 17: 2. Forecast for FY2025
2. Forecast for FY2025 A. Forecast for FY2025 P.17 B. Forecast for FY2025 (by Segment) P.18- C. Breakdown of Revenues and Operating Income P.19- Financial Results Presentation for Q2, 16 Fiscal Year Ending December 2025 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 18: 2-A. Forecast for FY2025
2-A. Forecast for FY2025 (100 million yen, %) (rounded down to 100 million yen) Full-Year Item 1H 2H Full-Year Prior-Year Difference Difference Forecast Difference Difference Results Forecasts Forecast Results YoY YoY (%) (Announced (%) May 13) Revenues 12,719 13,280 26,000 25,776 223 0.9 27,000 (1,
Slide 19: 2-B. Forecast for FY2025 (by Segment)
2-B. Forecast for FY2025 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Full-Year Segment Item Full-Year Prior-Year Difference Difference Forecast Difference Difference Forecast Results YoY YoY (%) (Announced (%) May 13) Revenues 12,630 12,620 9 0.1 12,870 (240) (1.9) Japan Segm
Slide 20: 2-C. Forecast Breakdown of Revenues
2-C. Forecast for FY2025 Breakdown of Revenues and Operating Income Revenue s27,000 Heavy Logistics 26,500 Haulage & Support Overseas 285 Construction Business 283 4 9 (181) 26,000 26,000 Increase in (100 million yen) 9 Security (187) 25,776 adjustment Transportation Impact of Logistics amount forei
Slide 21: 2-C. Forecast Breakdown of Operating Income
2-C. Forecast for FY2025 Breakdown of Revenues and Operating Income Operating income Business profit: +¥6.4 billon Business Profit 900 FY2024 Results 635 850 Forecast for Fiscal Year 700 Ending December 2025 800 Increase in cost 750 Other (100 million yen) of dismantling Prior-year former impairment
Slide 22: 3. Business Plan 2028 Initiatives
3. Business Plan 2028 Initiatives A. Business Plan 2028 Basic Policy P.22 B. Global Business Growth: Priority Industries P.23 C. Global Business Growth: Major KPIs and Policies P.24 D. Rebuild Businesses in Japan P.25 E. Main Initiatives Toward Achieving Business Plan Goals P.26 F. Initiatives to Ac
Slide 23: 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 24: 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 Jan-Jun Jan-Jun (%) 2028 Targets Results Results Technology Core Domain: Electric & Electronics 1,461 1,477 (1.1)% 4,000 Growth, Pursuit Domains: Industri
Slide 25: 3-C. Global Business Growth Major KPIs and Policies
3-C. Global Business Growth Major KPIs and Policies 2025 Jan-Jun 2024 Jan-Jun Expand Forwarding Sales YoY (%) 2028 Targets Results Results Air Cargo Forwarding Volume 447kt 442kt +1.0％ 1,300kt Ocean Forwarding Volume 419 thousand TEU 440 thousand TEU (5.0)% 1,400 thousand TEU 2025 Jan-Jun 2024 Jan-J
Slide 26: 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 27: 3-E. Main Initiatives Toward Achieving Business Plan Goals
3-E. Main Initiatives Toward Achieving Business Plan Goals ■ Accelerate growth in the global market ・Expand end-to-end solutions, beginning with account management ・PMI with cargo-partner ・Acquisition of SH HoldCo GmbH (Simon Hegele; completed as of February 3, 2025) ・Establish a strong presence in
Slide 28: 3-F. Initiatives to Achieve Operating Income of ¥100 Billion in FY2026
3-F. Initiatives to Achieve Operating Income of ¥100 Billion in FY2026 FY2025 Full-Year Operating Income Full-Year Forecast ¥70 billion Initiatives to Achieve Operating Income of ¥100 Billion 1. Grow business profit ◆ We intend to grow business profit through strategies and measures as detailed in t
Slide 29: 4. Return to Shareholders
4. Return to Shareholders Capital Policies and Key Indicators P.29 Financial Results Presentation for Q2, 28 Fiscal Year Ending December 2025 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 30: 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） (100 million yen) Total dividend Treasury share
Slide 31: 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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