Nikkon Holdings Co., Ltd. TSE:9072
NIKKON : Interim Business Report (Fiscal Year Ended March 31，2026)
Source: MarketScreener
April 1, 2025 September 30, 2025
CONTENTS
01 Message to Shareholders 03 Segment Information
05 Progress of the Thirteenth Medium-Term Management Plan 06 Shareholder Return and Topics
ESG Initiatives
Group Network
Financial Data
10 Company Profile/Stock Information
NIKKON Holdings Co., Ltd.
Security: 9072
Greetings
I would like to extend my heartfelt gratitude to our shareholders for their ongoing support.
Here I will report on our business results for the first half of the fiscal year ending March 31,
2026, as well as our initiatives for future growth.
Dec. 2025
Representative Director Masakatsu Kuroiwa
President and
There is just a little time left before the end of the third and final fiscal year of the Thirteenth Medium-Term Management Plan (Challenge 13).
We will marshal the strengths of all the companies in the group with a view toward fulfilling our targets.
During the first half of the current fiscal year, the Japanese economy continued to trend moderately toward a recovery, amid the improvement of income conditions, the strong demand from inbound tourists and the calming of the U.S. tariff issues.
However, the inflation of goods prices continued in Japan. Outside the country, geopolitical tensions connected to situations such as those in Ukraine and the Middle East continued. The economic outlook remained uncertain. The business environment in the logistics industry continued to be challenging, as the labor shortage has become
chronic, personnel expenses have been rising, fuel prices have stayed high, construction costs have increased, which is connected to capital investments, and laws and regulations have become more strict.
In these circumstances, the Group's consolidated net sales for the first half of the current fiscal year reached 131,912 million yen, up 9.6% year on year, following negotiations to optimize fees, the expansion of existing businesses and M&A. Operating profit was 10,772 million yen, down 6.6% year on year. This reflects the amortization of goodwill and intangible assets due to the M&A transactions
Consolidated Financial Results
Net sales
JPY
131.9 billionUp 9.6% YoY
Operating profit
JPY
10.7 billionDown 6.6% YoY
Ordinary profit
JPY
11.0 billionUp 1.0% YoY
Profit attributable to owners of parent JPY
7.2 billionUp 6.8% YoY
Interim dividend
JPY
37Segment Information
Net sales YoY Operating profit | YoY | |||
Transportation | JPY 60.8 billion | 7.9% | JPY 3.7 billion | 27.3% |
Warehousing | JPY 21.0 billion | 3.9% | JPY 4.1 billion | 0.2% |
Packaging | JPY 28.0 billion | (1.2%) | JPY 1.9 billion | (11.6%) |
Test | JPY 11.9 billion | 2.2% | JPY 1.6 billion | (5.5%) |
and the posting of initial costs incurred during the reorganization of Chuoh Pack Industry Co., Ltd. into a consolidated subsidiary. The growth of sales did, however, have some positive effect.
Ordinary profit stood at 11,048 million yen, up 1.0% year on year, due partly to the contraction of foreign exchange losses. Profit attributable to owners of parent was 7,201 million yen, up 6.8% year on year, due to the recording of a
gain on sale of cross-shareholdings.
It is expected that the circumstances surrounding us will continue to be difficult, due partly to the market reorganization in the logistics industry. The current fiscal year is the third and final fiscal year of the Medium-Term Management Plan. We will pursue greater depth and breadth in our existing operations and continue to expand sales in growing industries to gain orders to achieve our targets.
We recognize that enhancing corporate value over the medium to long term while ensuing the stable return of profits to shareholders is one of our key management issues.
In the revision of shareholder return policy announced in April of this year, we announced the adoption of a target dividend on equity ratio (DOE) as well as share buybacks of around 40,000 million yen by the fiscal year ending March 31, 2029 in consideration of the funds raised through the
streamlining of the balance sheet and the cash flow status following the growth of our business.
In September, we announced share buybacks of 15 billion yen, a portion of this 40 billion yen. Currently, the acquisition process is underway.
We will remain proactive in striving to deliver shareholder returns while considering the balance with investments necessary for growth.
We look forward to your continued support.
Transportation
Net sales composition by segment
46.1%
Warehousing
Net sales composition by segment
16.0%
Proposes vehicles matched the characteristics and volume of cargo and provides services using the optimal transportation method
Offers a wide range of product storage services leveraging its warehouse facilities in Japan and abroad and its original warehousing management systems
Net sales increased 7.9% year on year to 60,823 million yen, due mainly to an increase in the volume of cargo, the optimization of fees received and the positive effects of the reorganization of a US-based car carrier transport operator into a consolidated subsidiary in the previous year.
Operating profit was up 27.3% year on year to 3,706 million yen due in part to the increase of net sales and the optimization of fees, although personnel, diesel and other expenses remained high.
Net sales rose 3.9% year on year to 21,094 million yen due to an increase in cargo stored after the continued addition of warehouses.
Operating profit increased 0.2% year on year to 4,195 million yen, reflecting rising depreciation and personnel expenses, despite the increase in sales.
Net sales (Millions of yen)
Operating profit (Millions of yen)
Net sales (Millions of yen)
Operating profit (Millions of yen)
140,000
70,000 56,392
60,823
117,963
8,000
3,706
4,000
2,911
6,314
50,000
25,000
40,881
20,305
21,094
10,000
5,000 4,186
4,195
8,558
0 FY2025/3
FY2026/3
0 FY2025/3
FY2026/3
0 FY2025/3
FY2026/3
0 FY2025/3
FY2026/3
Packaging
Net sales composition by segment
21.2%
Testing
Net sales composition by segment
9.1%
Provides export packaging, distribution processing, packaging specification development, packaging materials sales, office location and other logistics services
Supports R&D and quality assurance for automobiles, motorcycles and general purpose products based on its core strengths in testing analysis and technology capabilities
Net sales decreased 1.2% year on year to 28,047 million yen. This was partly due to a decrease in the volume of business at some consolidated subsidiaries.
Operating profit also decreased 11.6% year on year to 1,986 million yen following the decrease in net sales.
Net sales increased 2.2% year on year to 11,905 million yen following the growth in the volume of business.
Operating profit decreased 5.5% year on year to 1,690 million yen, due chiefly to the increase in amortization of testing equipment and personnel expenses.
Net sales (Millions of yen)
Operating profit (Millions of yen)
Net sales (Millions of yen)
Operating profit (Millions of yen)
70,000
30,000
5,000
24,152
15,000 11,649
11,905
3,989
2,500
1,789
1,690
5,000
4,248
2,500
2,247
1,986
57,364
35,000
28,393
28,047
0 FY2025/3
FY2026/3
0 FY2025/3
FY2026/3
0 FY2025/3
FY2026/3
0 FY2025/3
FY2026/3