NIKKON : 2025.06.02Financial Results for the Fiscal Year Ended March 31, 2025

Financial Results for the Fiscal Year Ended March 31, 2025

NIKKON Holdings Co., Ltd.

Security: 9072

May 22, 2025 1

Table of Contents

[Consolidated Financial Results Explanation]

1. Financial Results for the Fiscal Year Ended March 31, 2025 P.4-

2. Initiatives under Medium-Term Management Plan P.12-

3. Shareholder Returns P.14-

4. Increasing Corporate Value P.16-[ESG Initiatives]

1. Thirteenth Medium-Term Management Plan (ESG) P.18

2. ESG Initiatives P.20-

Consolidated Financial Results Explanation

2024年3月期 2025年3月期

項目 前連結会計年度 当連結会計年度 前期比

計画達成❹

売上高

売上原価一般管理

営業利益

営業外収益営業外用

経常利益

特別利益特別損失

税金等調整前当期純利益

法人税等当期純利益

Net sales

Increased following an increase of existing business and due to the effects of

M&A activities

Operating profit Increased reflecting the effect of the growth of sales and the continued cost reduction efforts despite the ongoing increase of the cost of fuel and expenses

Ordinary profit Increased slightly despite foreign exchange loss

(Millions of yen)

2024年3月期 2025年3月期

資産の部 前連結会計年度 当連結会計年度 増減

流動資産

現金及び預金

売掛債権・棚卸資産等その他

有形固定資産建物・構築物機械及び装置車両運搬具土地

建設仮勘定

工具・器具・備品他無形固定資産

のれん・顧客関連資産その他

投資等

投資有価証券

関係会社株式・出資金繰延税金資産

その他

資産合計

2024年3月期 2025年3月期

負債の部 前連結会計年度 当連結会計年度 増減

流動負債支払債務

短期借入金・社債未払法人税

未払金預り金

賞与引当金

営業外電子記録債務その他

固定負債

⾧期借入金・社債繰延税金負債

退職給付債務その他

純資産

株主資本

その他包括利益累計額新株予約権

非支配株主持分

負債・純資産合計

(Millions of yen)

Intangible assets

Goodwill increased 12,100 million yen and customer-related intangible assets increased 13,400 million yen,

due to M&A involving three companies.

Investment securities in investments and other assets Impact of valuation (Ratio of cross-shareholdings  Less than 10% of

consolidated net assets)

Short-term borrowings and bonds in current liabilities Funds for M&A (Chuoh Pack Industry Co., Ltd.: 17,800 million yen)

Long-term borrowings and bonds in non-current liabilities CB: 22,100 million yen (Funds for SPMA in the United States: 15,000

million yen/ Purchase of treasury shares: 7,000 million yen)

5

セグメント

2024年3月期

売上高 営業利益

利益❹

運送事業

倉庫事業梱包事業テスト事業その他事業

全事業合計

2025年3月期

売上高 前年比 営業利益 前年比

利益❹

• Net Sales and Operating Profit by Segment

  (Millions of yen)

  Composition of net sales

  Test

  9.7%

  Other

  3.0%

  Packaging

  23.1%

  Transportation

  47.6%

  Warehouse

  16.5%

  * Profit rates reflect adjustment to figures after elimination of intra-group transactions.

  Test

  17.3%

  Transportation

  27.3%

  Packaging

  18.4%

  Warehouse

  37.0%

  6

  Transportation: Net sales and operating profit grew partly aided by the recovery in business volume and the new consolidation of SPMA.

  Warehousing: Net sales and operating profit increased due to opening of a new warehouse and an increase in the business volume.

  Packaging: Net sales and operating profit increased in line with the rise in the business volume. Testing: Net sales and operating profit increased in line with the rise in the business volume.

  Other: Revenue from customs clearance, insurance and real estate businesses, fuel and insurance brokerage and others

  * Operating profit decreased due to expenses for M&A involving Chuoh Pack Industry Co., Ltd..

Composition of operating profit

1. Financial Results (4)

Net Sales by Customer Segment and Net Sales and Operating Profit by Region

2025年3月期

• Net Sales by Customer Segment

  (Millions of yen)

  Net sales by industry segment

  百万円

  2024年3月期

  売上高 構成比

  自動車

  自動車部品タイヤ

  住宅

  農業機械産業機械食品・飲料

  新聞・出版物その他

  合計

  売上高 構成比

  前期比

  
  
  

  (Millions of yen)	FY2024/3
  	Net sales	Proportion (%)
  Automobile	89,649	40.3%
  Auto-Parts	33,159	14.9%
  Tires	10,278	4.6%
  Housing	27,441	12.3%
  Agricultural Machinery	7,315	3.3%
  Industrial Machinery	6,094	2.7%
  Food and beverages	4,858	2.2%
  Newspapers and publications	4,715	2.1%
  Other	38,810	17.5%
  Total	222,324	100.0%

  FY2025/3
  Net sales	Proportion (%)	YoY
  105,364	42.5%	17.5%
  39,567	16.0%	19.3%
  10,598	4.3%	3.1%
  27,789	11.2%	1.3%
  7,467	3.0%	2.1%
  6,915	2.8%	13.5%
  5,387	2.2%	10.9%
  4,698	1.9%	-0.4%
  40,100	16.2%	3.3%
  247,890	100.0%	11.5%

  Newspapers and publications 1.9% Food and

  beverages2.2%

  Other 16.2%

  Industrial Machinery2.8% Agricultural Machinery 3.0%

  Housing 11.2%

  Automobile

  42.5%

  Tires 4.3%

  Auto-Parts 16.0%

  百万円

  2024年3月期

  売上高 営業利益

  利益率

  売上高 前年比 営業利益 前年比

  利益率

• Net Sales by Region

2025年3月期

(Millions of yen)

Net sales by regional segment

日本北米アジア

全事業合計

North

Asia

America 7.5%

10.7%

Japan

81.8%

* Profit rates reflect adjustment to figures after elimination of intra-group transactions. 7

25,914

28,344

28,280

26,447

22,226

23,139

(Millions of yen)

23,000

16,548

2019/3

2020/3

2021/3

2022/3

2023/3

2024/3

2025/3

2026/3

Medium-Term Management Plan

(Millions of yen)

30,000

25,000

20,000

15,000

10,000

5,000

0

8

• Completed facilities (Total floor area: 130,826 m2) *Sendai not included

  	Company name	Location	Date of completion	Buildings	Total floor area	Applications
  1	NIPPON UNYU CO., LTD.	Ota, Gunma Pref.	Aug. 2024	Warehouse	7,992 m2	Automotive parts, etc.
  2	NIPPON KONPO UNYU SOKO CO., LTD.	Sendai, Miyagi Pref.	Sep. 2024	Sales office	10,611 m2 (Land area)	Office, simplified garage and filling station
  3	PT.NIPPON KONPO INDONESIA	West Java, Indonesia	Sep. 2024	Warehouse	15,000 m2	Storage of auto parts, etc.
  4	NIKKON Holdings Co., Ltd.	Utsunomiya, Tochigi Pref.	Jan. 2025	Warehouse	43,385 m2	Storage of food-related goods
  5	NIPPON KONPO UNYU SOKO CO., LTD.	Tokai, Aichi Pref.	Feb. 2025	Warehouse	21,395 m2	A hub facility in the Chubu region
  6	NIPPON KONPO UNYU SOKO CO., LTD.	Kanegasaki-cho, Iwate Pref.	Feb. 2025	Warehouse	26,151 m2	Storage of industrial machinery-related goods
  7	NIPPON KONPO THAILAND	Samut Prakan, Thailand	Apr. 2025	Warehouse	16,903 m2	Storage of auto parts, etc.

• Construction in progress (total floor area: 77,332 m2)

  WALRE Utsunomiya of NIKKON Holdings Co., Ltd.

  • Location: 8-3-67 Yuinomori, Utsunomiya-shi, Tochigi

  • Structure and scale: RC+S structure with two stories above the ground

  • Major facilities:

    Vertical conveyors, solar power generation equipment, and emergency in-house power generators

    Number of truck berths: 40 (Including dedicated berths for truck unloaders)

    
    
    

    	Company name	Location	Date of completion	Buildings	Total floor area	Applications
    1	NIPPON KONPO UNYU SOKO CO., LTD.	Suzuka, Mie Pref.	Jun. 2025	Warehouse	7,384 m2	Storage of parts and automobile maintenance
    2	NIPPON KONPO UNYU SOKO CO., LTD.	Suzuka, Mie Pref.	Jun. 2025	Warehouse	15,840 m2	Storage of auto parts, etc.
    3	NIPPON RIKUSO Co., Ltd.	Suzuka, Mie Pref.	Jul. 2025	Warehouse	15,314 m2	Auto-parts and a relay center
    4	PT. NIPPON KONPO INDONESIA	Indotaisei Industrial Estate, Indonesia	Dec. 2025	Warehouse	17,700 m2	Storage of tires and parts
    5	NIPPON KONPO UNYU SOKO CO., LTD.	Kanda-machi, Fukuoka Pref.	Feb. 2026	Warehouse	11,970 m2	Storage of parts, etc.
    6	NIPPON KONPO UNYU SOKO CO., LTD.	Sakura, Tochigi Pref.	Aug. 2026	Warehouse	6,624 m2	Storage of auto parts, etc.
    7	ITO-EXPRESS.CO.,LTD	Koga, Ibaraki Pref.	First half of 2026	Warehouse	2,500 m2	Storage of products

    Tokai Center of NIPPON KONPO UNYU SOKO CO., LTD.

  • Location: 24-21 Ohazama, Arao-machi, Tokai-shi, Aichi

  • Structure and scale: Four-story steel frame structure

  • Major facilities: Cargo elevators and dock levelers

  • 2.8-ton cranes and LED lighting (warehouse and office)

  
  
  

  Company name	Location Acquisition date	Business outline	Annual sales	Operating profit
  1 Mitsuba Logistics Co., Ltd. (Nikkon Ryomo Co., Ltd.)	Ota, Gunma Pref. Apr. 2024	A subsidiary engaged in logistics for auto-parts manufacturers	JPY 4.9 billion	JPY 0.27 billion
  2 SUPREME AUTO TRANSPORT,LLC	Colorado, USA May 2024	Finished automobile transportation operator	JPY 8.8 billion (9 months)	JPY 1.61 billion (9 months)
  3 Chuoh Pack Industry Co., Ltd.	Kiyosu, Aichi Pref. Mar. 2025	Manufacturing and sales of various packaging materials focused on corrugated board products	JPY 11.9 billion	JPY 0.39 billion
  Packaging designs fully leveraging world-leading technological competence

  Chuoh Pack Industry head office

  Corrugated board pallets

  Arch-shaped cases for shipping wipers

  MC Ichigo Pack (strawberry packaging)

  
  
  

  Japan Packaging Contest

  Aimed at spreading excellent packaging and packaging technologies, this contest determines the highest level of packaging in Japan.

  World Star Contest

  The World Star Contest is the largest contest in the packaging industry. Only products which won prizes in the Japan Packaging Contest are qualified for the contest and compete with products from all over the world.

  * The company has won many awards.

  10

  1. Financial Results (8)

  Systematization for Labor Reduction (CIRRUS: Extension of WMS Functions)

  
  
  
  
  
  

  NIKKON Information Systems Co., Ltd. exhibited CIRRUS.

CIRRUS (grand design)

Arrange shipment (Outside WMS)

Tracking (Outside WMS)

[Basic functions of WMS]

Berth management (Outside WMS)

Returns (Arrival/receipt) (Shipment/delivery)

- Arrival and shipment, storage track record, etc.

• Plans

• Track

records [LMS]

The company ran a booth at the E-commerce Management and

Logistics Expo, which was held at

KPI and data analysis

-

Tokyo Big Sight during April 23 to April 25, 2025, and exhibited and demonstrated CIRRUS/WH, a warehouse management system (WMS). The booth attracted many visitors, and the company has received many

business inquiries. 11

Category

Net sales Operating profit

Operating profit ratio

ROE

FY2026/3

JPY 280.0 billion

JPY 28.0 billion

10.0%

8.0%

(Millions of yen)

300,000

* Impacts of the Trump tariffs are not factored in.

3rd year

12.0%

1st year

230,000

250,000

247,800

212,000 Results

Net sales

182,500

Operating profit ratio 9.9%

198,100

222,300

Results

9.8%

10.0%

9.6%

9.2%

9.3%

Operating profit

18,100

19,500

19,500 22,00

024,00

0 28,000

280,000

[Development and organization of growth drivers]

A new organization is built within the Holdings business division to facilitate the development of growth drivers.

• Circulation business: Establish the circulation business

• Three-temperature-zone logistics business: Pursuing logistics more closely related to people's daily lives

• Overseas business: Expand our overseas business

250,000

200,000

150,000

100,000

11.5%

11.0%

10.5%

10.0%

9.5%

9.0%

JPY 8.5 billion FY2024/3

FY2025/3

FY2026/3

+JPY 45.0 billion

50,000

0

023,10

Results

021,20

Results

FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3

[ROE] (Plan)

8.5%

8.0%

12

Development in FY2025

Circulation Business

• Intermediate processing and transportation of plastic bottles

  • Compressing and storing plastic bottles at warehouses and transporting them to recycling plants

  • Trial started in April 2025

• Storage and transportation of rebuilt engines

  • Storage and transportation of rebuilt engines of passenger vehicles and motorcycles are planned to be started in June 2025.

  • Storage efficiency improvement with mobile racks is under consideration.

Three-temperature-zone Logistics Business

• Entering the pharmaceutical and drugstore domain

  • Driving storage of pharmaceuticals and entry to the drugstore domain by using warehouses featuring constant temperature and humidity controlling equipment and compliance with the Good Distribution Practice (GDP)

• Expanding the storage of industrial machinery and equipment

  • Kanegasaki Warehouse at Kitakami Branch of NIPPON KONPO UNYU SOKO CO., LTD., which has

constant temperature and humidity controlling equipment, was completed in February.

Overseas Business

• Expansion of automobile transportation in the United States

  • Enhancing transportation capacity by increasing vehicles

  • Deepening relationship with existing customers and acquiring new customers by leveraging the Group's customer base

• Starting railway transportation of finished automobiles in India

  • Starting railway transportation on an approx. 1,250-km route between the station by ICD Kathuwas and Pipavav Port Station. The initiative

is also aimed at reducing environmental impact.

• Opening of a new base in Thailand

  • NKT Suvarnabhumi branch opened in April 2025

• Construction of a new warehouse in Indonesia

  • Scheduled for completion in January 2026

[84th term results] JPY 0.94 billion

[84th term results] JPY 4.10 billion

[84th term results]

JPY 9.44 billion 13

(百万円)

(Millions of yen)

7.3

(％)

7.1

7.0

6.9

ROE

6.8

4.7

4.5

4.5

4.4

ROA

Net profit

14,544

14,741

15,913

16,608

16,550

3.9

7.5

16,000

6.5

12,000

5.5

8,000

4.5

4,000

3.5

0

項目 2021/3期 2022/3期 2023/3期 2024/3期 2025/3期

目標

2021/3 2022/3 2023/3 2024/3 2025/3

ROE

株価

営業利益率

自己資本比率配当性向

* On October 1, 2024, the Company implemented a (2-for-1) stock split. The figures above were calculated by assuming that the said stock split was implemented in March 2021.

14

120 円

100 円

80 円

60 円

40 円

20 円

0 円

2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3

Changes in dividend per share and payout ratio (values before the stock split)

50%

JPY 120

40.1%

40.1% 40.3%

JPY 100

Payout ratio 44.7%

¥27

JPY 80

30.3%

29.9%

30.3%

30.7%

¥55

JPY 27

af 2-

¥51

ter the

f lit

or-1 sp

¥27

JPY 60

¥38

¥35

¥34

¥35

Forecast

Annual JPY 74

JPY 40

Biannual JPY 37

JPY 20

¥48

¥50

¥54

¥32

¥38

¥33

¥34

JPY 0

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%

• Purchase of treasury shares

1. Number of shares acquired: 816,400 shares Amount of purchase: 3.0 billion yen

   54 円

2. Number of shares acquired: 3,615,700 shares Amount of purchase: 7.0 billion yen

   • Implementation of stock split (October 2024)

1. Effective date: October 1, 2024
2. Split method: Split at a ratio of two shares for each share of common stock
3. Purpose of the split:

44.7%

37 円

32 円

38 円

33 円

34 円

48 円

50 円

54 円

35 円

38 円

34 円

35 円

51 円

55 円

• Revision of shareholder return policy announced on April 4, 2025

* The revised policy came into effect in fiscal year ending March 31, 2026.

Payout ratio at 40% C Introduction of dividend on equity ratio

(DOE) at 4% or higher

中間配当

Interim dividend

期末配当

連結配当性向

Year-end dividend Consolidated payout ratio

4. Increasing Corporate Value Establishment of a Special Committee

1. Purpose of establishing the committee

The special committee will be established for the purpose of having objective, specialized discussions and examinations of measures, including revisions of policies on real estate possession, management, and operation, with the aim of increasing the Group's corporate value over the medium to long term.

2. Main roles of the committee

• Reviewing the status of ownership, operation policy, and other matters related to properties held by the Group from the perspectives of assets and capital efficiency

• Making recommendations to the Board of Directors about necessary revisions to policies

• Considering and recommending measures that will help increase corporate value

• The status of consideration is reported to the Board of Directors on an ongoing basis, and the results are planned to be disclosed by the end of 2025.

  3. Composition of the committee

• To consist of four members who are Independent Outside Directors (excluding Audit & Supervisory Committee Members), namely, Ms. Aiko Koma, Mr. Ryutaro Ozeki, Mr. Kazunari Kanda, and Mr. Clark Graninger

• The opinions of external advisors will be applied as necessary.

ESG Initiatives

• CO2 emissions

  2030 2050

  126,034 0

  - -

  		FY2023/3 (Base year)	FY2024/3	FY2025/3	FY2026/3
  	Plan	-	179,638	179,318	173,340
  CO2 emissions	Results	180,048	177,732	170,273	-
  Scope 1 and 2
  	Change from the results for FY2023/3	-	-1.29%	-5.43%	Target -3.73%

  Target

  -30%

  Target

  -100%

  Results	-	177,732	188，915	-
  CO2 emissions
  Scope 1 and 2 Change from the results for FY2023/3	-	-1.29%	4.92％	-

  * Case where value of companies that joined the Group in April 2023 or subsequently are added

  CO2 emissions Scope 3

- 286,007 358,090 -

- 0

-

Target

-100%

5.43% reduction from the base year level was achieved in March 2025 (Final target under the Medium-Term Management Plan: 3.73% reduction)

* Excluding companies which joined the Group in April 2023 or subsequently 18

• Empowerment of female employees

  		FY2023/3 Results	FY2024/3 Results	FY2025/3 Results	FY2026/3 Plan
  Percentage of all employees that are women	Japan	18.4%	18.6%	19.0%	22.2%
  	Overseas	38.4%	36.2%	35.9%	39.4%
  	Total	23.9%	23.3%	23.4%	26.5%
  	Japan	9.9%	11.7%	13.1%	17.2%
  Percentage of women in Overseas senior positions		35.1%	40.8%	33.6%	41.3%
  	Total	17.9%	20.9%	19.9%	25.5%
  	Japan	1.4%	2.0%	2.9%	7.7%
  Percentage of women in Overseas managerial positions		20.1%	21.2%	24.7%	25.0%
  	Total	7.6%	8.4%	9.9%	13.2%

  
  
  
• Reduction of mercury lamps

  	FY2023/3 Results	FY2024/3 Results	FY2025/3 Results	FY2026/3 Plan
  Number of mercury lamps	5,250	3,131	1,058	0
  Number of reduction	-	-2,119	-2,073	-1,058

• An endowed course provided in the Kingdom of Thailand
• Initiatives to protect forest environment

On February 13, 2025, the Company provided an endowed course at King Mongkut's University of Technology North Bangkok, which is located in Bangkok, the capital of Thailand. This course was aimed at developing a high level of logistics human resources who will be future leaders in logistics.

This course attracted around 80 people, including students of the Department of Logistics Engineering, Faculty of Engineering of the Institute and people involved in logistics in Thailand. They received a lecture given by the Company and learned cargo management methods, among others, on site at a logistics warehouse of the

Company's local subsidiary.

*This course was provided as part of the project to provide endowed courses in the FY2024 "Technical cooperation utilization type/emerging market development program (training/experts dispatch / Industry-Academia collaborative programs)" that was implemented by the Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS).

The Company donated to the Forest Culture Association for the purpose of protecting the forest environment from the viewpoint of biodiversity. The donation will be used for forest management at Lodge Mizuno-no Mori, which is located in Sayama City, Saitama.

The Company also supports the intent of the 30by30 Alliance for Biodiversity, spearheaded by the Ministry of the Environment, and

was registered in it as a participant.

The 30by30 Alliance for Biodiversity

• Improved warehouse efficiency with introduction of automation technologies
• Development of assistive equipment for people with disabilities

NIPPON UNYU CO., LTD., a NIKKON Group company, has introduced automation technologies using robots and systems to its Ota Inter Branch as a part of warehouse DX. The company has saved manpower, improved work efficiency, and made it possible to prevent incorrect input with arm robots, AGVs, a projection picking system, and KEY CART working in conjunction with each other.

Auto Technic Japan Co., Ltd. (ATJ), a NIKKON Group company, is developing equipment for assisting visually challenged pedestrians, which vibrates to alert the user when an electric vehicle (EV) is approaching.

In addition, in 2025, the Company launched joint research on acoustic vehicle alerting system (AVAS) for small mobility vehicles with National University Corporation Utsunomiya University.

The Company remains committed to helping build a sustainable mobility society through technological

innovations and social contribution activities.

Equipment embedded in the backpack uses AI to detect EV warning sounds in noisy crowds and vibrates a wire in the backpack's shoulder strap to alert

the user as a pedestrian.

[For IR inquiries]

NIKKON Holdings Co., Ltd.

Stock Section, General Affairs Department 6-17 Akashi-cho, Chuo-ku, Tokyo

TEL (03)3541-5330 (Representative) E-mail : [email protected]