Nippon Express Holdings, Inc. · TSE:9147
Nippon Express — Q1 2025 Earnings Presentation
33 slides from Nippon Express's earnings presentation, May 13, 2025
Slide 1: Financial Results Presentation for Q1, Fiscal Year Ending December 2025
Financial Results Presentation for Q1, Fiscal Year Ending December 2025 May 13, 2025 NIPPON EXPRESS HOLDINGS, INC. Investor Relations Promotion Group Corporate Planning Division
Slide 2: Contents
Contents 1. Financial Results for Q1, FY2025 P.4- 2. Business Plan 2028 Initiatives P.16- 3. Forecast for FY2025 P.21- 4. Return to Shareholders P.28- 5. Main Initiatives Toward Achieving Business Plan Goals P.30- Financial Results Presentation for Q1, 1 Fiscal Year Ending December 2025 Copyright ©
Slide 3: Financial Results for Q1, FY2025 Executive Summary
Financial Results for Q1, FY2025 Executive Summary Financial Results for Q1, FY2025 Results Vs. Q1, FY2024 ✓Global logistics demand remained generally ➞Revenues ¥645.2 billion +¥27.6 billion firm in the first quarter. Revenue increased, +4.5 % mainly supported by the addition of Simon ➚Consolidated
Slide 4: Financial Results Forecast for FY2025 Executive Summary
Financial Results Forecast for FY2025 Executive Summary Forecast for FY2025 Forecast Vs. FY2024 ✓Due to the difficulty of predicting the impact +¥122.3 billion ➞Revenues ¥2,700.0 billion +4.7% of the tariff hike and performing calculations with sufficient accuracy to revise the ➚Consolidated Segment
Slide 5: 1. Financial Results for Q1, FY2025
1. Financial Results for Q1, FY2025 A. Financial Results Highlights for Q1, FY2025 January to March P.5- B. Breakdown of Revenues and Operating Income P.7- C. Q1, FY2025 vs. Q4, FY2024 P.9- D. Income and Expenses by Business P.11- E. Air Forwarding Gross Profit P.13- F. Ocean Forwarding Gross Profit
Slide 6: 1-A. Financial Results Highlights for Q1, FY2025 (Jan-Mar)
1-A. Financial Results Highlights for Q1, FY2025 (Jan-Mar) (100 million yen, %) (rounded down to 100 million yen) Current-Year * Prior-Year Difference Item Difference Results Results (%) Revenues 6,452 6,176 276 4.5 Consolidated Segment Income 140 118 22 19.0 (business profit) Business profit ratio
Slide 7: 1-A. Financial Results Highlights for Q1, FY2025 (Jan-Mar)
1-A. Financial Results Highlights for Q1, FY2025 (Jan-Mar) (100 million yen, %) (rounded down to 100 million yen) Segment Item Current-Year Prior-Year Difference Difference Results Results (%) Revenues 3,124 3,054 69 2.3 Japan Segment income (business profit) 74 63 10 17.2 Revenues 347 370 (22) (6.2
Slide 8: 1-B. Breakdown of Revenues and Operating Income
1-B. Breakdown of Revenues and Operating Income Revenues ✓ Revenue increased due to handling expansion of overseas Logistics Business, consolidation of Simon Hegele (SH), and handling expansion of Logistic Support. 7,000 Decrease in Security adjustment Transportation 101 amount 16 6,452 6,500 129 23
Slide 9: 1-B. Breakdown of Revenues and Operating Income
1-B. Breakdown of Revenues and Operating Income Operating ✓ Profit increased handling in the Logistics Support and Heavy Haulage & Construction. Income ✓ Profit increased due to an impairment loss associated with the transfer of the special combined delivery business in the previous year and a rebou
Slide 10: 1-C. Q1, FY2025 vs. Q4, FY2024
1-C. Financial Results for Q1, FY2025 Q1, FY2025 vs. Q4, FY2024 (100 million yen, %) (rounded down to 100 million yen) * Item FY2025 Q1 FY2024 Q4 Difference Difference (%) Results Results Revenues 6,452 6,774 (321) (4.7) Consolidated segment income 140 199 (59) (29.6) (business profit) Business prof
Slide 11: 1-C. Q1, FY2025 vs. Q4, FY2024 (by Segment)
1-C. Financial Results for Q1, FY2025 Q1, FY2025 vs. Q4, FY2024 (by Segment) (100 million yen, %) (rounded down to 100 million yen) Segment Item FY2025 Q1 FY2024 Q4 Difference Difference (%) Results Results Revenues 3,124 3,336 (212) (6.4) Japan Segment income (business profit) 74 128 (53) (42.0) Re
Slide 12: 1-D. Income and Expenses by Business
1-D. Income and Expenses by Business Quarterly Trend Analysis (Logistics Japan) (100 million yen, %) (rounded down to 100 million yen) Air: Revenue declined due to lower volume, offsetting improvements in gross profit FY2024 FY2025 Difference (QoQ) Difference (YoY) index. Operating income remained f
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) Segment FY2024 FY2025 Difference (QoQ) Difference (YoY) Q1 Q2 Q3 Q4 Cumulative Q1 Q1 vs. Prior Q4 Q1 vs. Prior Q1 Segment Q1 Q2 Q3 Q4 Cumulative Q1 Q1 vs. Prior
Slide 14: 1-E. Air Forwarding Gross Profit Japan Segment
1-E. Air Forwarding Gross Profit Japan Segment ✓ Forwarding volume fell short of the forecast despite exceeding previous year levels, supported by semiconductor-related shipments to East Asia, automobile and electronic parts shipments to South Asia, and large spot orders for automobiles to Europe. G
Slide 15: 1-E. Air Forwarding Gross Profit Overseas Segment
1-E. Air Forwarding Gross Profit Overseas Segment ✓ Forwarding volume decreased from the previous quarter due to seasonal fluctuations and did not meet the forecast. Gross profit per unit improved. Air Export Freight Volume and Gross Profit per Unit Air Forwarding Gross Profit Unit: 100 million yen
Slide 16: 1-F. Ocean Forwarding Gross Profit Japan/Overseas
1-F. Ocean Forwarding Gross Profit Japan/Overseas ✓ Forwarding volume from Japan fell short of expectations, but gross profit indicators remained in line with the previous quarter and the planned level. ✓ Volume and gross profit indicators for freight from overseas originations were below expected l
Slide 17: 2. Business Plan 2028 Initiatives
2. Business Plan 2028 Initiatives A. Business Plan 2028 Basic Policy P.17 B. Global Business Growth: Priority Industries P.18 C. Global Business Growth: Major KPIs and Policies P.19 D. Rebuild Businesses in Japan P.20 Financial Results Presentation for Q1, 16 Fiscal Year Ending December 2025 Copyrig
Slide 18: 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 19: 2-B. Global Business Growth Priority Industries
2-B. Global Business Growth Priority Industries (100 million yen, %) (rounded down to 100 million yen) 2025 2024 Difference YoY Priority Industry Jan-Mar Jan-Mar (%) 2028 Targets Results Results Technology Core Domain: Electric & Electronics 730 716 101.9% 4,000 Growth, Pursuit Domains: Industrial M
Slide 20: 2-C. Global Business Growth Major KPIs and Policies
2-C. Global Business Growth Major KPIs and Policies 2025 Jan-Mar 2024 Jan-Mar Expand Forwarding Sales YoY% FY2028 Targets Results Results Air Cargo Forwarding Volume 217kt 215kt +1.1％ 1,300kt Ocean Forwarding Volume 203 thousand TEU 215 thousand TEU (5.6)% 1,400 thousand TEU 2025 Jan-Mar 2024 cargo-
Slide 21: 2-D. Rebuild Businesses in Japan
2-D. Rebuild Businesses in Japan Transform Into a More Continue to Enhance Domestic Ongoing Transformation and Review Customer-Oriented Company Businesses in Japan of Business Infrastructure Establish an Account Management Structure Initiatives to Improve Profitability Initiatives Toward Improved Ca
Slide 22: 3. Forecast for FY2025
3. Forecast for FY2025 A. Forecast for FY2025(Excluding the impact of U.S. tariff policies) P.22 B. Impact Estimates of U.S. Tariff Policies and Key P.23 Response Points C. Forecast for FY2025 (by Segment) P.24- D. Breakdown of Revenues and Operating Income P.26- Financial Results Presentation for Q
Slide 23: 3-A. Forecast for FY2025 (Excluding the impact of U.S. tariff policies)
3-A. Forecast for FY2025(Excluding the impact of U.S. tariff policies) (100 million yen, %) (rounded down to 100 million yen) Item Q1 Q2 1H 2H Full-Year Prior-Year Difference Difference Result Forecast Forecast Forecasts Forecast Results YoY YoY (%) Revenues 6,452 6,747 13,200 13,800 27,000 25,776 1
Slide 24: 3-B. Impact Estimates of U.S. Tariff Policies and Key Response Points
3-B. Impact Estimates of U.S. Tariff Policies and Key Response Points (1) Impact on Volume (due to expected demand decline beginning in the second half of the current fiscal year) ・International Air Forwarding: -2.4% ・International Ocean Forwarding: -2.2% Business Profit: -¥5.0 billion (2) Tariff Me
Slide 25: 3-C. Forecast for FY2025 (by Segment)
3-C. 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 (%) February 14) Revenues 12,870 12,620 249 2.0 12,920 (50) (0.4) Japa
Slide 26: 3-C. Forecast for FY2025 (by Segment) First Half/Second Half
3-C. Forecast for FY2025 (by Segment) First Half/Second Half (100 million yen, %) (rounded down to 100 million yen) Segment Item Prior Year Difference Prior Year Difference Q1 Result Q2 Forecast 1H Forecast 2H Forecasts 1H Results YoY 2H Results YoY Revenues 3,124 3,155 6,280 6,124 155 6,590 6,496 9
Slide 27: 3-D. Forecast for FY2025 Breakdown of Revenues and Operating Income
3-D. Forecast for FY2025 Breakdown of Revenues and Operating Income Revenues 28,000 Logistics Heavy Support Overseas Haulage & 285 27,500 Business Construction 1,178 4 9 (211) Security Increase in 27,000 27,000 (100 million yen) Transportation adjustment (292) amount Impact of 26,500 foreign Logisti
Slide 28: 3-D. Forecast for FY2025 Breakdown of Revenues and Operating Income
3-D. Forecast for FY2025 Breakdown of Revenues and Operating Income Operating Income Business profit:+¥16.4billon 900 Business Profit FY2024 Results 635 850 Prior-year Increase in cost of dismantling former Costs related to Other Forecast for Fiscal Year impairment acquisition of CP 800 (rebound ear
Slide 29: 4. Return to Shareholders
4. Return to Shareholders Capital Policies and Key Indicators P.29 Financial Results Presentation for Q1, 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％ • Dividend payout ratio: Over 40% Targets • Total return ratio: Over 55% • Equity ratio: Target 35% (cumulative total FY2024-FY2028) (100 million yen) Total dividend Treasury share acquisition Dividend payout ratio Total retur
Slide 31: 5. Main Initiatives Toward Achieving Business Plan Goals
5. Main Initiatives Toward Achieving Business Plan Goals Main Initiatives Toward Achieving Business Plan Goals P.31 Financial Results Presentation for Q1, 30 Fiscal Year Ending December 2025 Copyright © 2025 NIPPON EXPRESS HOLDINGS,INC., All rights reserved.
Slide 32: 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 ・PMI with cargo-partner ・Acquisition of SH HoldCo GmbH (Simon Hegele; completed as of February 3, 2025) ・Establish a strong presence in th
Slide 33: 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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