Earnings digests and industry comparisons for Japan's biggest listed companies.
11 reports
Nippon Express reported a 56.7% surge in operating profit to ¥44.7 billion for the first half of its fiscal year ending December 2026, powered by a recovery in international logistics and freight rate revisions. Revenue rose 6.7% to ¥1,356.6 billion, while net income attributable to parent shareholders soared 186.8% to ¥24.2 billion. The company raised its full-year earnings forecast, projecting a record-high operating profit.
First Half FY2026 (January-June 2026)
SG Holdings Co. reported Q1 revenue up 21.7% to ¥447.3 billion, operating profit up 14.9% to ¥20 billion, and net income up 20.8% to ¥12.2 billion, driven by global logistics. Domestic delivery profit fell 7.4% despite higher volumes, on cost pressures and a bonus provision shift.
Q1 FY2027 (Apr-Jun 2026)
Odakyu's Q1 revenue rose 3.5% to ¥101.74bn, with operating profit up 6.9% to ¥16.34bn, but net profit fell 16.6% to ¥11.62bn due to smaller one-off gains. It maintained its full-year forecasts and plans a dividend increase.
FY2027 Q1 (Apr-Jun 2026)
AZ-COM Maruwa posted a 6.2% increase in revenue to ¥58,698 million for the fiscal first quarter ended June 2026, but operating profit slumped 28.5% to ¥2,194 million, hit by upfront labor costs for new 3PL operations and one-off charges from logistics facility realignment. The company maintained its full-year guidance for a 16.3% rise in operating profit, yet the Q1 figures highlight a period of structural transition.
FY2027 Q1 (Apr-Jun 2026)
JR Kyushu posted a 7.1% revenue increase to ¥125.8 billion in Q1 FY2027, its sixth consecutive quarter of growth. Operating profit rose 4.4% to ¥20.8 billion, while net profit dropped 4.2% to ¥15.7 billion due to rising costs.
Q1 FY2027 (Apr-Jun 2026)
Tobu posted a 5.2% rise in operating revenue to ¥156.3 billion and a 10.6% gain in operating profit to ¥21.0 billion for Q1 FY2027, its first revenue and profit increase in two quarters, while net profit edged up 1.5% to ¥14.2 billion.
FY2027 Q1 (Apr-Jun 2026)
Yamato Holdings posted a 1.4% rise in first-quarter revenue to ¥443.3 billion for the April–June period, but remained loss-making with an operating loss of ¥4.87 billion, improving from a ¥6.49 billion loss a year earlier. Cost pressures from inflation and labour shortages continued to weigh, though pricing reforms and corporate business expansion helped narrow the deficit.
Q1 FY2027 (Apr–Jun 2026)
Sankyu reported a 0.4% rise in revenue to ¥154.6 billion for the first quarter ended June 2026, while operating profit grew 6.2% to ¥10.2 billion. Net income surged 40.9% to ¥8.9 billion, boosted by a ¥3.2 billion gain from sale of policy-held shares.
Q1 FY2027 (Apr–Jun 2026)
JR Central’s first quarter revenue grew 3.0% to ¥492.7 billion, but operating profit fell 0.9% to ¥219.1 billion and net income dropped 1.8% to ¥142.6 billion, as rising costs outweighed demand recovery. The full-year outlook for lower profits was unchanged.
FY2027 Q1 (Apr-Jun 2026)
JR East reported first-quarter revenue of ¥772.7 billion (+8.0% YoY) as all segments grew, marking a sixth straight quarterly record. Operating profit rose 9.4% to ¥125.5 billion, but net income fell 13.6% to ¥68.0 billion, hit by lower securities gains and a slump in real estate and hotel profits.
FY2027 Q1 (Apr-Jun 2026)
Keisei reported Q1 FY2027 revenue of ¥86.6 billion, up 4%, and operating profit of ¥12.0 billion, a 19.2% jump, as inbound tourism boosted rail earnings. Net profit rose 21.2% to ¥15.4 billion, while full-year guidance was unchanged.
Q1 FY2027 (Apr-Jun 2026)
