Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsubishi Logistics Corporation
Ticker 9301 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-24 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
Compare earnings and operating cash flow for earnings quality.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
三菱倉庫株式会社 is a Japanese listed company. Its reportable segments include Logistics, Real Estate, Description Of, Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each.
- Logistics
- Real Estate
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
- Disclosure Of Changes In
Segments Logistics · Real Estate · Description Of · Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each · Disclosure Of Changes In
Compare trends
No phone/email found in this filing · Filing date 2026-06-24
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit (loss) | ¥20.3B | ¥15.9B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥17.0B | ¥25.0B |
| Profit (loss) | ¥32.2B | ¥55.1B |
| Profit (loss) attributable to owners | ¥31.9B | ¥54.8B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥61.0B | ¥60.5B |
| Current assets | ¥125.9B | ¥139.9B |
| Non-current assets | ¥500.2B | ¥499.8B |
| Total assets | ¥626.1B | ¥639.8B |
| Short-term borrowings | ¥35.6B | ¥39.7B |
| Current liabilities | ¥93.2B | ¥106.3B |
| Non-current liabilities* | ¥153.6B | ¥149.0B |
| Total liabilities | ¥246.8B | ¥255.3B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥29.6B | ¥6.5B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥44.2B | -¥33.6B |
| Net increase (decrease) in cash | ¥2.6B | -¥457.0M |
| Cash at end of period | ¥61.0B | ¥60.5B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Operating profit | ¥23.2B | ¥30.0B | ¥24.4B | ¥18.6B | ¥21.6B | |
| Profit to owners | — | — | — | ¥31.9B | ¥54.8B | |
| Total assets | ¥562.2B | ¥573.7B | ¥679.1B | ¥626.1B | ¥639.8B | |
| Cash & equivalents | — | — | ¥58.4B | ¥61.0B | ¥60.5B | |
| Owners’ equity | ¥347.8B | ¥354.4B | ¥411.7B | ¥379.3B | ¥384.5B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from — to —, while operating profit swung from ¥20.3B to ¥15.9B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥6.5B (prior ¥29.6B), and cash on the balance sheet rose to ¥60.5B from ¥61.0B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥255.3B while owners’ equity fell to —. ROE moved from 8.2% to 14.5%, and the equity ratio from 59.8% to 59.3%. Employee count is 4,991 vs 5,004 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 59.8% to 59.3%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YA7K
(三菱倉庫株式会社), period end 2026-03-31.