Mie Kotsu Group Holdings (3232): FY2025 Results Summary — Fifth Straight Year of Higher Revenue and Profit, Record Profits for Third Consecutive Year

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Note: Mie Kotsu Group Holdings, Inc. does not publish an English results presentation; this article is an English translation of the Japanese-language article on our sister site Investalk, which is based on the company’s Japanese-language IR materials, with figures transcribed as reported. The source materials label this period as the fiscal year ended March 31, 2026; on this site it is classified as FY2025, while the body text, tables, and figures retain the labels used in the source.

For the fiscal year ended March 31, 2026, Mie Kotsu Group Holdings posted operating revenue of 110,260 million yen (up 6.2% year on year), operating profit of 9,756 million yen (up 15.9%), ordinary profit of 9,674 million yen (up 13.6%), and profit attributable to owners of parent of 6,250 million yen (up 3.2%), marking the fifth consecutive year of higher revenue and profit. Each profit line reached a record high for the third consecutive year. In addition to capturing Expo-related demand in the Transportation segment and the Leisure & Services segment, expanded new-truck sales in the Distribution segment and the opening of the ‘Yokkaichi Sanco Building’ in the Real Estate segment in August 2025 contributed to the expansion of a stable earnings base.

Consolidated Results (Full Year)

Consolidated results for the fiscal year ended March 31, 2026 were operating revenue of 110,260 million yen (up 6,411 million yen, or 6.2%, year on year), operating profit of 9,756 million yen (up 1,340 million yen, or 15.9%), ordinary profit of 9,674 million yen (up 1,159 million yen, or 13.6%), and profit attributable to owners of parent of 6,250 million yen (up 191 million yen, or 3.2%). As a result of efforts to capture Expo-related demand in the Transportation and Leisure & Services segments, together with expanded new-vehicle sales in the Distribution segment, the company achieved its fifth consecutive year of higher revenue and profit, with each profit line reaching a record high for the third consecutive year (in millions of yen).

Item	FYE Mar 2025	FYE Mar 2026	YoY Change
Operating revenue	103,849	110,260	+6,411 (+6.2%)
Operating profit	8,415	9,756	+1,340 (+15.9%)
Ordinary profit	8,514	9,674	+1,159 (+13.6%)
Profit attributable to owners of parent	6,058	6,250	+191 (+3.2%)

Segment Results

In the Transportation segment, the December 2024 fare revision and increased Expo-related chartered-bus transport lifted operating revenue to 26,542 million yen (up 9.5% year on year) and operating profit to 1,240 million yen (up 139.6%). In the Real Estate segment, higher selling prices in the property-sales business and earnings contributions from the ‘Yokkaichi Sanco Building’ opened in August 2025 brought operating revenue to 38,795 million yen (up 6.5%) and operating profit to 6,678 million yen (up 9.0%). In the Distribution segment, an increase in new-truck unit sales raised operating revenue to 36,244 million yen (up 3.3%) and operating profit to 777 million yen (up 29.0%). In the Leisure & Services segment, expanded event demand including the Expo lifted operating revenue to 16,711 million yen (up 9.4%), while operating profit declined to 1,101 million yen (down 3.6%) as the company carried out facility repairs.

Segment	Metric	FYE Mar 2025	FYE Mar 2026
Transportation	Operating revenue	24,242	26,542
Transportation	Operating profit	517	1,240
Real Estate	Operating revenue	36,412	38,795
Real Estate	Operating profit	6,124	6,678
Distribution	Operating revenue	35,069	36,244
Distribution	Operating profit	602	777
Leisure & Services	Operating revenue	15,275	16,711
Leisure & Services	Operating profit	1,142	1,101

Full-Year Forecast

For the fiscal year ending March 31, 2027, the company forecasts operating revenue of 112,000 million yen (up 1,739 million yen, or 1.6%, year on year, expected to be the sixth consecutive year of revenue growth), operating profit of 9,200 million yen (down 556 million yen, or 5.7%), ordinary profit of 8,700 million yen (down 974 million yen, or 10.1%), and profit attributable to owners of parent of 6,000 million yen (down 250 million yen, or 4.0%). While an increase in condominium sales in the property-sales business is expected to boost revenue, operating profit is projected to decline owing to factors such as the closure of ‘Hands Nagoya’ in the household-goods retail business (scheduled for January 2027).

Item	FYE Mar 2026 (Actual)	FYE Mar 2027 (Forecast)	YoY Change
Operating revenue	110,260	112,000	+1,739 (+1.6%)
Operating profit	9,756	9,200	△556 (△5.7%)
Ordinary profit	9,674	8,700	△974 (△10.1%)
Profit attributable to owners of parent	6,250	6,000	△250 (△4.0%)

Shareholder Returns

Regarding dividends, the company’s basic policy is to pay stable dividends while building a stable management base over the long term and taking into account the trend of earnings and internal reserves for the future. From the fiscal year ended March 31, 2026, the company aims for a consolidated payout ratio of 30% for the dividend of each period, in order to clarify its stance of strengthening returns to shareholders. The annual dividend per share for the fiscal year ended March 31, 2026 was 18 yen (payout ratio of 28.9%). For the fiscal year ending March 31, 2027, the company plans an annual dividend per share of 20 yen (11 yen interim and 9 yen year-end; payout ratio of 33.5%), including a commemorative dividend of 2 yen marking the 20th anniversary of the company’s establishment.

Item	FYE Mar 2026 (Actual)	FYE Mar 2027 (Forecast)
Annual dividend per share	18 yen	20 yen (including 2 yen commemorative dividend for the 20th anniversary of establishment)
Breakdown (interim / year-end)	Not disclosed	11 yen interim / 9 yen year-end
Payout ratio	28.9%	33.5%

Medium-Term Plan / Topics

The numerical plan for the fiscal year ending March 31, 2027, the final year of the Medium-Term Management Plan (2023-2026), was revised upward based on results through the third year of the plan (the fiscal year ended March 31, 2026). The revised plan (May 2026) sets operating revenue of 112,000 million yen, operating profit of 9,200 million yen, profit attributable to owners of parent of 6,000 million yen, an equity ratio of around 35%, an interest-bearing debt/EBITDA multiple of 6 times or less, and ROE of around 9.0%. Actual results for the fiscal year ended March 31, 2026 were operating revenue of 110,260 million yen, operating profit of 9,756 million yen, profit attributable to owners of parent of 6,250 million yen, an equity ratio of 36.6%, an interest-bearing debt/EBITDA multiple of 5.0 times, and ROE of 9.4%, all exceeding the levels of both the initial and the revised plan.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.