According to the second quarter (interim) financial results for the fiscal year ending December 2025, announced by SBS Holdings on August 8, net sales were 228.539 billion yen (up 3.1% year-on-year), operating profit was 6.389 billion yen (down 41.7%), ordinary profit was 6.364 billion yen (down 44.1%), and net profit attributable to parent company shareholders was 2.76 billion yen (down 57.2%).
In its core logistics business, the company focused on expanding its service lineup, including increasing transactions with existing customers, acquiring new customers who demand high-level logistics capabilities, capturing demand for e-commerce logistics, and fully introducing last-mile delivery services. As a result, sales reached 221.142 billion yen (up 7.9%) and operating profit reached 4.858 billion yen (up 8.5%).
For the full year, the company projects net sales of 4850 billion yen (up 8.2%), operating profit of 205 billion yen (up 15.8%), ordinary profit of 201 billion yen (up 8.9%), and net profit attributable to parent company shareholders of 112 billion yen (up 16.4%).
<President Kamada explains>
At the earnings briefing, President Masahiko Kamada stated that the performance of the current medium-term management plan, which concludes in fiscal year 2025, was "quite challenging." He then expressed strong determination to focus on profit margins in the next plan, covering the period from fiscal years 2026 to 2030, aiming to achieve consolidated sales of 7000 billion yen and an operating profit margin of 4.5% or more for the logistics business by fiscal year 2030.
The company explained that in the first half of 2025, profits were dragged down by factors including a greater-than-expected decrease in cargo volume in the logistics business and the failure to make the desired progress in structural reforms at unprofitable business sites. It also stated that it aims for "balanced growth accompanied by profits" in the next plan and indicated its intention to improve profitability by converting employees to part-time positions.
He also stated that "it is possible that about 3% of drivers will be foreigners in 10 years," and indicated his intention to actively recruit foreign drivers, emphasizing the need to prepare for further wage increases in the future.
Regarding M&A of overseas companies, he stated that he is "interested" because tariff negotiations may result in Japanese government guarantees for investments in the United States.
