Japan Logistic SystemsJAPAN LOGISTIC SYSTEMS CORP.9060東証スタンダード陸運業FY ending Mar 2026, consolidated, J-GAAP

Japan Logistic Systems revenue and profit

Out of every ¥100 of sales, about ¥2 is left as operating profit. Revenue changed +8.1% from the prior year, operating profit +16.9%.

Five-year trend

Revenue¥71.3B
FY ending Mar 2022: ¥58.1B¥58.1BFY ending Mar 2023: ¥62.5B¥62.5BFY ending Mar 2024: ¥63B¥63BFY ending Mar 2025: ¥66B¥66BFY ending Mar 2026: ¥71.3B¥71.3BFY22FY23FY24FY25FY26
Operating income¥1.44B
FY ending Mar 2022: ¥1.03B¥1.03BFY ending Mar 2023: ¥1.04B¥1.04BFY ending Mar 2024: ¥1.02B¥1.02BFY ending Mar 2025: ¥1.23B¥1.23BFY ending Mar 2026: ¥1.44B¥1.44BFY22FY23FY24FY25FY26
Operating margin2.0%
FY ending Mar 2022: 1.8%1.8%FY ending Mar 2023: 1.7%1.7%FY ending Mar 2024: 1.6%1.6%FY ending Mar 2025: 1.9%1.9%FY ending Mar 2026: 2.0%2.0%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin1.0%
Asset turnover1.42×
ROA1.4%
ROA1.4%
Financial leverage3.63×
ROE5.0%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin1.0%
2022: 1.1%1.1%2023: 0.8%0.8%2024: 0.8%0.8%2025: 0.7%0.7%2026: 1.0%1.0%2223242526
Asset turnover1.42×
2022: 1.31×1.31×2023: 1.38×1.38×2024: 1.34×1.34×2025: 1.37×1.37×2026: 1.42×1.42×2223242526
ROA1.4%
2022: 1.4%1.4%2023: 1.2%1.2%2024: 1.1%1.1%2025: 1.0%1.0%2026: 1.4%1.4%2223242526
Financial leverage3.63×
2022: 3.57×3.57×2023: 3.59×3.59×2024: 3.63×3.63×2025: 3.63×3.63×2026: 3.63×3.63×2223242526
ROE5.0%
2022: 5.1%5.1%2023: 4.2%4.2%2024: 3.9%3.9%2025: 3.5%3.5%2026: 5.0%5.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.1%1.31×1.4%3.57×5.1%
20230.8%1.38×1.2%3.59×4.2%
20240.8%1.34×1.1%3.63×3.9%
20250.7%1.37×1.0%3.63×3.5%
20261.0%1.42×1.4%3.63×5.0%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue27.7%
2021: 34.8%34.8%2022: 31.9%31.9%2023: 31.3%31.3%2024: 30.3%30.3%2025: 28.4%28.4%2026: 27.7%27.7%212223242526
PPE ÷ total assets38.6%
2021: 44.6%44.6%2022: 42.0%42.0%2023: 42.3%42.3%2024: 39.9%39.9%2025: 38.4%38.4%2026: 38.6%38.6%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue58,10062,47762,97366,00271,317
Cost of revenue—————
Gross profit—————
SG&A2,6222,8623,2013,5883,655
Operating income1,0291,0411,0171,2291,437
Pretax income1,0399019358251,281
Income tax392366437357588
Net income attributable to owners633524500461685
Operating margin1.8%1.7%1.6%1.9%2.0%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 9%
0%
Property, plant and equipment 39%
3%
5%
Other assets 44%

Funding

Interest-bearing debt 29%
Other liabilities 39%
Equity 32%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.17B¥3.14B¥3.4B¥3.81B¥4.64B
Total assets¥44.2B¥46.3B¥47.9B¥48.8B¥51.3B
Net assets¥12.8B¥13.7B¥14.9B¥15.6B¥16.6B
Share capital¥3.15B¥3.15B¥3.15B¥3.15B¥3.15B
Inventories¥102.1M¥88.5M¥71.6M¥101.2M¥101.7M
Property, plant and equipment¥18.6B¥19.6B¥19.1B¥18.7B¥19.8B
Intangible assets excluding goodwill¥962.5M¥1.23B¥1.62B¥1.63B¥1.45B
Investment securities¥1.34B¥1.41B¥1.92B¥1.96B¥2.76B
Current assets¥14.4B¥14.7B¥15B¥16B¥15.8B
Current liabilities¥16.8B¥16.7B¥17.1B¥18.4B¥18B
Short-term borrowings¥4.83B¥5.49B¥5.6B¥5.82B¥4.52B
Long-term borrowings¥7.15B¥8.57B¥8.01B¥7.78B¥10B
Bonds——¥700M¥500M¥300M
Interest-bearing debt——¥14.3Bderived¥14.1Bderived¥14.9Bderived
Total liabilities¥31.4B¥32.6B¥33B¥33.2B¥34.7B
Non-controlling interests¥49M¥39.5M¥42.3M¥57.1M¥71.4M
Equity attributable to owners of parent¥12.4B¥12.8B¥13.1B¥13.5B¥14.1B
Retained earnings¥6.09B¥6.51B¥6.9B¥7.25B¥7.83B
Treasury stock-¥37.5M-¥37.5M-¥92.4M-¥92.6M-¥93.1M

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第110期(2025/04/01-2026/03/31)

    ID S100YNBV2026-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第109期(2024/04/01-2025/03/31)

    ID S100W9692025-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第108期(2023/04/01-2024/03/31)

    ID S100TW2L2024-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第107期(2022/04/01-2023/03/31)

    ID S100R9EZ2023-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第106期(令和3年4月1日-令和4年3月31日)

    ID S100OLZX2022-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第105期(令和2年4月1日-令和3年3月31日)

    ID S100LUOZ2021-06-30Open

Extracted from XBRL: 50 / Derived from other figures: 2

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