Yasuda Logistics, Net Income Forecast for the Fiscal Year Revised Upward by 82%, Exceeded Record Profit Forecast, Dividend Revised Upward by 10 Yen

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Tue Feb 3, 2026 3:00 pm JST Earnings

9324 Yasuda Logistics corporation 【J-GAAP】

Earnings Report

Yasuda Logistics corporation <9324> [TSE Prime] announced its financial results in the afternoon session on February 3rd (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 3.05 billion yen, an increase 48.3% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 81.8%, from the previous forecast of 3.30 billion yen to 6.00 billion yen (compared to 2.80 billion yen in the previous period), increasing the growth rate from 17.8% to 2.1 times. The company has further increased its previous forecast of record profits for the first time in six years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 2.7 times, from the previous forecast of 1.56 billion yen to 4.26 billion yen (compared to 1.44 billion yen in the same period of the previous year), increasing the growth rate from 7.9% to 2.9 times.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 58 yen to 68 yen (compared to 35 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 86.8% from the same period last year, reaching 1.31 billion yen. The operating profit margin improved from 5.9% in the same period last year to 6.9%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2023	50,261	2,067	2,743	1,705	58.9	69.4	Feb 2, 2024	J-GAAP
Apr - Dec, 2024	55,213	2,567	3,328	2,058	71.1	66.9	Feb 4, 2025	J-GAAP
Apr - Dec, 2025	60,364	3,398	4,164	3,052	105.4	74.4	Feb 3, 2026	J-GAAP
YoY	+9.3%	+32.4%	+25.1%	+48.3%	+48.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	37,804	1,693	2,323	1,561	53.9	29	Nov 5, 2025	J-GAAP
Oct - Mar, 2025 New	39,804	2,193	2,923	4,261	147.1	39	Feb 3, 2026	J-GAAP
Revision Rate	+5.3%	+29.5%	+25.8%	+173.0%	+173.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	78,000	3,700	5,000	3,300	113.9	58	May 7, 2025	J-GAAP
Mar, 2026 New	80,000	4,200	5,600	6,000	207.1	68	Feb 3, 2026	J-GAAP
Revision Rate	+2.6%	+13.5%	+12.0%	+81.8%	+81.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	38,953	2,063	2,851	1,447	50.0	20	May 7, 2025	J-GAAP
Oct - Mar, 2025 Guidance	39,804	2,193	2,923	4,261	147.1	39	Feb 3, 2026	J-GAAP
YoY	+2.2%	+6.3%	+2.5%	+194.5%	+194.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	67,384	2,644	3,953	2,306	79.6	28	May 7, 2024	J-GAAP
Mar, 2025	75,115	3,515	4,977	2,802	96.8	35	May 7, 2025	J-GAAP
Mar, 2026 Guidance	80,000	4,200	5,600	6,000	207.1	68	Feb 3, 2026	J-GAAP
YoY	+6.5%	+19.5%	+12.5%	+114.1%	+114.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2024	19,051	1,115	1,202	703	24.3	5.9	Feb 4, 2025	J-GAAP
Jan - Mar, 2025	19,902	948	1,649	744	25.7	4.8	May 7, 2025	J-GAAP
Apr - Jun, 2025	20,457	981	1,005	616	21.3	4.8	Aug 4, 2025	J-GAAP
Jul - Sep, 2025	19,739	1,026	1,672	1,123	38.8	5.2	Nov 5, 2025	J-GAAP
Oct - Dec, 2025	20,168	1,391	1,487	1,313	45.3	6.9	Feb 3, 2026	J-GAAP
YoY	+5.9%	+24.8%	+23.7%	+86.8%	+86.7%