Consolidated Financial Results for the Year Ended March 31, 2026

April 30, 2026

Company name: Mitsubishi Logistics Corporation Listing: Tokyo Stock Exchange

Securities code: 9301

URL: https://www.mitsubishi-logistics.co.jp/english/

Representative: Hidechika Saito Representative Director and President

Inquiries: Yukako Inomata General Manager, Corporate Communications & Investor Relations Division Telephone: +81-3-3278-6652

Scheduled date of annual general meeting of shareholders: June 26, 2026 Scheduled date to commence dividend payments: June 29, 2026 Scheduled date to file annual securities report: June 24, 2026

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Revenue		Operating profit		Business profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 273,446 284,069	% (3.7) 11.6	Millions of yen 15,928 20,310	% (21.6) 7.2	Millions of yen 18,575 16,166	% 14.9 (18.8)	Millions of yen 21,563 18,620	% 15.8 (23.6)	Millions of yen 54,773 31,864	% 71.9 14.7

      (Note) 1) Comprehensive income For the fiscal year ended March 31, 2026:	¥	36,753 million [	-%]
      For the fiscal year ended March 31, 2025:	¥	1,111 million [	(98.5) %]

      (Note) 2) Business profit= Operating profit + Share of profit(loss) of entities accounted for using equity method + Net income from the asset turnover business

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ordinary profit to total assets ratio	Operating profit to revenue ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	155.84	-	14.5	3.4	5.8
      March 31, 2025	85.92	-	8.2	2.9	7.1

      Reference: Share of profit (loss) of entities accounted for using equity method

      For the fiscal year ended March 31, 2026: ¥ 2,637 million For the fiscal year ended March 31, 2025: ¥ (5,597) million

      (Note) Effective November 1, 2024, we carried out a five-for-one stock split of its common shares. Basic earnings per share was calculated on the assumption that the stock split occurred at the beginning of the fiscal year ended March 31, 2025.

   2. Consolidated financial position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of March 31, 2026 March 31, 2025	Millions of yen 639,786 626,058	Millions of yen 384,517 379,276	% 59.3 59.8	Yen 1,103.18 1,040.59

      Reference: Equity

      As of March 31, 2026:	¥	379,539 million
      As of March 31, 2025:	¥	374,668 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 6,531 29,622	Millions of yen 26,247 15,500	Millions of yen (33,635) (44,188)	Millions of yen 60,548 61,006

2. Cash dividends

   	Annual dividends per share					Total dividends	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   Fiscal year ended March 31, 2025	-	80.00	-	16.00	-	11,705	37.2	3.0
   Fiscal year ended March 31, 2026	-	18.00	-	20.00	38.00	13,211	24.4	3.5
   Fiscal year ending March 31, 2027 (Forecast)	-	22.00	-	22.00	44.00		64.8

   (Note) Effective November 1, 2024, we carried out a five-for-one stock split of its common shares. The effect of the stock split has been factored in the year-end dividend per share for the fiscal year ended March 31, 2025, with the annual dividend stated as "-." If the stock split were not factored in, the year-end dividend would be 80 yen and the annual dividend would be 160 yen for the fiscal year ended March 31, 2025.

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes.)

1. Significant changes in the scope of consolidation during the period: Yes

   Newly included: 7 companies( Riverfront Suitengu L LLC、GK LST、JL1 GK、GK Osaka Quartet、 )

   GK N.PRIME、Raoh capital GK、MAC REI Benbrook LLC (all are affiliates accounted for by the equity method)

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of March 31, 2026	362,135,395 shares
      As of March 31, 2025	388,197,695 shares

   2. Number of treasury shares at the end of the period

      As of March 31, 2026	18,095,124 shares
      As of March 31, 2025	28,142,954 shares

   3. Average number of shares outstanding during the period

(Note) Effective November 1, 2024, we carried out a five-for-one stock split of its common shares. Average number of shares outstanding during the period was calculated on the assumption that the stock split occurred at the beginning of the fiscal year ended March 31, 2025.

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

The above forecasts are based on the information available to the Company's management as of the date of release and certain assumptions judged rational, and the Company does not guarantee the achievement of the forecasts. Accordingly, there might be cases in which actual results differ from forecasts in this material.

Consolidated Financial Statements

Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025 As of March 31, 2026

Assets

(Millions of yen)

As of March 31, 2025 As of March 31, 2026

Liabilities

Current liabilities

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