MITSUBISHI LOGISTICS CORPORATION April 30, 2024
Mitsubishi Logistics Corporation
Flash Report as of and for the year ended March 31, 2024
Preparation of explanatory materials for financial results : Yes
Information meetings arranged related to financial results : Yes
1. Financial highlights | ||||
(1) Consolidated results of operation | ||||
(Round down to millions of yen) | ||||
Year ended | Year ended | Percentage | ||
March 31, 2024 | March 31, 2023 | Change | ||
Revenue | ¥254,507 | ¥300,594 | (15.3%) | |
Operating Income | 18,941 | 23,027 | (17.7%) | |
Ordinary Income | 24,358 | 30,046 | (18.9%) | |
Profit Attributable to Owners of the Parent | 27,787 | 27,226 | 2.1% | |
(Note) Comprehensive Income | 72,425 | 24,423 | 196.5% | |
(In yen) | ||||
Basic Earnings per Share | ¥359.46 | ¥342.00 | ||
Diluted Earnings per Share | － | － | ||
(As a percentage) | ||||
Return on Equity | 7.3% | 7.8% | ||
Ratio of Ordinary Income to Total Assets | 3.9% | 5.3% | ||
Ratio of Operating Income to Revenue | 7.4% | 7.7% |
(Notes)
- Equity in earnings of unconsolidated subsidiaries and affiliates accounted for by the equity method for the years ended March 31, 2024 and 2023 are as follows:
Year ended March 31, 2024: ¥ 970 million
Year ended March 31, 2023: ¥1,423 million
- Presentation of percentage change in the above list shows increase or decrease ratio in comparison with the previous fiscal year
- Consolidated financial conditions
(Round down to millions of yen) | |||
March 31, 2024 | March 31, 2023 | ||
Total Assets | ¥679,143 | ¥573,689 | |
Net Assets | 411,703 | 354,432 | |
(As a percentage) | |||
Equity Ratio | 59.7% | 61.1% |
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(In yen)
Net Assets per Share | ¥5,348.71 | ¥4,489.01 | ||||||||||
(Note) | ||||||||||||
Equity at March 31, 2024 and 2023 on a consolidated basis are as follows: | ||||||||||||
As of March 31, 2024：¥405,427 million | ||||||||||||
As of March 31, 2023：¥350,797 million | ||||||||||||
(3) Consolidated conditions of cash flows | ||||||||||||
(Round down to millions of yen) | ||||||||||||
Year ended | Year ended | |||||||||||
March 31, 2024 | March 31, 2023 | |||||||||||
Cash Flows from Operating Activities | ¥41,768 | ¥40,488 | ||||||||||
Cash Flows from Investing Activities | (31,477) | (14,379) | ||||||||||
Cash Flows from Financing Activities | (14,858) | (17,067) | ||||||||||
Cash and Cash Equivalents at the end | ||||||||||||
of the year | 58,444 | 62,297 | ||||||||||
2. Dividends | ||||||||||||
(In yen) | ||||||||||||
Year ended | Year ended | Year ending | ||||||||||
Cash Dividends per Share | March 31, 2025 | |||||||||||
March 31, 2023 | March 31, 2024 | |||||||||||
(Forecast) | ||||||||||||
1st quarter | ¥ － | ¥ － | ¥ － | |||||||||
2nd quarter | 41.00 | 50.00 | 80.00 | |||||||||
3rd quarter | － | － | － | |||||||||
4th quarter | 49.00 | 70.00 | 80.00 | |||||||||
Total | ¥90.00 | ¥120.00 | ¥160.00 | |||||||||
(Round down to millions of yen) | ||||||||||||
Total Annual Cash Dividends | ¥ 7,096 | ¥ 9,185 | － | |||||||||
(As a percentage) | ||||||||||||
Dividend Payout Ratio | 26.3% | 33.4% | 32.7% | |||||||||
(Consolidated) | ||||||||||||
Ratio of Dividends to Net Assets | 2.1% | 2.4% | － | |||||||||
(Consolidated) | ||||||||||||
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3. Business forecast for the six months ending September 30, 2024 and for the year ending March 31, 2025 on a consolidated basis
(In millions of yen) | ||||
Six months ending | Year ending | |||
September 30, 2024 | March 31, 2025 | |||
Revenue | ¥130,000 | 3.4% | ¥270,000 | 6.1% |
Operating Income | 8,700 | (12.3%) | 20,000 | 5.6% |
Ordinary Income | 11,300 | (15.3%) | 24,800 | 1.8% |
Profit Attributable to Owners of the Parent | 18,100 | 91.3% | 36,600 | 31.7% |
(In yen) | ||||
Basic Earnings per Share | ¥240.37 | ¥489.31 |
(Note)
Presentation of percentage in the above list shows increase or decrease ratio in comparison with the previous corresponding period.
- Notes
- Changes in significant subsidiaries during the year (changes in specified subsidiaries resulting in changes in scope of consolidation) : None
-
Changes in accounting policies, changes in accounting estimates and restatement due to correction
( i ) Changes in accounting policies with revision of accounting standards, etc. : None
( ii) Changes in accounting policies other than the above | : None |
(iii) Changes in accounting estimates | : None |
(iv) Restatement due to correction | : None |
- Number of shares outstanding (common stock)
( i ) Number of shares outstanding at March 31, 2024 and 2023 on a consolidated basis (including treasury stock) are as follows:
As of March 31, 2024: 81,960,739 shares
As of March 31, 2023: 81,960,739 shares( ii) Number of treasury stock at March 31, 2024 and 2023 on a consolidated basis are as follows: As of March 31, 2024: 6,161,586 shares
As of March 31, 2023: 3,814,831 shares
-
Weighted-averagenumber of shares outstanding for the years ended March 31, 2024 and
2023 on a consolidated basis are as follows:
Year ended March 31, 2024: 77,303,571 shares
Year ended March 31, 2023: 79,608,335 shares
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※This Flash Report is not subject to audit
※Explanation of appropriate use of business forecast and other special items
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.
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Mitsubishi Logistics Corporation published this content on 30 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2024 10:39:07 UTC.
