View ValuationBeing Holdings 향후 성장Future 기준 점검 2/6Being Holdings은 연간 수입과 매출이 각각 14.4%와 8.4% 증가할 것으로 예상되고 EPS는 연간 14.4%만큼 증가할 것으로 예상됩니다.핵심 정보14.4%이익 성장률14.44%EPS 성장률Logistics 이익 성장17.2%매출 성장률8.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트30 Mar 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Hirokazu Hasegawa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Feb 13Being Holdings Co., Ltd., Annual General Meeting, Mar 27, 2026Being Holdings Co., Ltd., Annual General Meeting, Mar 27, 2026.공시 • Dec 12Being Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Being Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026공시 • Sep 04Being Holdings Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Being Holdings Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025공시 • Jun 12Being Holdings Co., Ltd. to Report Q2, 2025 Results on Aug 14, 2025Being Holdings Co., Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025공시 • Mar 04Being Holdings Co., Ltd. to Report Q1, 2025 Results on May 15, 2025Being Holdings Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025공시 • Feb 14Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2025Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2025.공시 • Dec 05Being Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Being Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025New Risk • Oct 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€90.3m market cap, or US$97.5m).New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.3m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.3m market cap, or US$99.8m).공시 • Aug 28Being Holdings Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Being Holdings Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: JP¥62.39 (vs JP¥46.45 in 2Q 2023)Second quarter 2024 results: EPS: JP¥62.39 (up from JP¥46.45 in 2Q 2023). Revenue: JP¥7.51b (up 16% from 2Q 2023). Net income: JP¥372.0m (up 36% from 2Q 2023). Profit margin: 5.0% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Logistics industry in Europe.New Risk • Aug 05New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€84.4m market cap, or US$92.3m).공시 • Jun 06Being Holdings Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024Being Holdings Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024Reported Earnings • May 20First quarter 2024 earnings released: EPS: JP¥29.35 (vs JP¥27.22 in 1Q 2023)First quarter 2024 results: EPS: JP¥29.35 (up from JP¥27.22 in 1Q 2023). Revenue: JP¥6.93b (up 20% from 1Q 2023). Net income: JP¥175.0m (up 9.4% from 1Q 2023). Profit margin: 2.5% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Logistics industry in Europe.New Risk • Mar 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €92.2m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.공시 • Mar 09Being Holdings Co., Ltd. to Report Q1, 2024 Results on May 15, 2024Being Holdings Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024Reported Earnings • Feb 18Full year 2023 earnings released: EPS: JP¥191 (vs JP¥150 in FY 2022)Full year 2023 results: EPS: JP¥191 (up from JP¥150 in FY 2022). Revenue: JP¥26.3b (up 14% from FY 2022). Net income: JP¥1.12b (up 29% from FY 2022). Profit margin: 4.3% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Logistics industry in Europe.공시 • Feb 17Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2024Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2024.공시 • Dec 05Being Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024Being Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024Reported Earnings • Nov 20Third quarter 2023 earnings released: EPS: JP¥51.04 (vs JP¥41.83 in 3Q 2022)Third quarter 2023 results: EPS: JP¥51.04 (up from JP¥41.83 in 3Q 2022). Revenue: JP¥6.78b (up 12% from 3Q 2022). Net income: JP¥300.0m (up 24% from 3Q 2022). Profit margin: 4.4% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Logistics industry in Europe.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €14.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Logistics industry in Europe.New Risk • Oct 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €18.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Logistics industry in Europe.공시 • Sep 01Being Holdings Co., Ltd. to Report Q3, 2023 Results on Nov 14, 2023Being Holdings Co., Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: JP¥46.45 (vs JP¥29.73 in 2Q 2022)Second quarter 2023 results: EPS: JP¥46.45 (up from JP¥29.73 in 2Q 2022). Revenue: JP¥6.50b (up 16% from 2Q 2022). Net income: JP¥273.0m (up 59% from 2Q 2022). Profit margin: 4.2% (up from 3.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, while revenues in the Logistics industry in Europe are expected to remain flat.이익 및 매출 성장 예측DB:SO0 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202843,4001,880N/AN/A112/31/202740,2001,610N/AN/A112/31/202637,2001,410N/AN/A13/31/202634,3191,262N/AN/AN/A12/31/202533,5151,4021902,213N/A9/30/202532,5771,518N/AN/AN/A6/30/202531,5641,541-3332,017N/A3/31/202530,8081,528N/AN/AN/A12/31/202430,1901,3741,6642,466N/A9/30/202429,4151,300N/AN/AN/A6/30/202428,4611,2371,3492,454N/A3/31/202427,4511,138N/AN/AN/A12/31/202326,3221,1234041,899N/A9/30/202325,2621,072N/AN/AN/A6/30/202324,5551,014611,261N/A3/31/202323,670913N/AN/AN/A12/31/202223,0228736471,269N/A9/30/202222,245762N/AN/AN/A6/30/202221,3117844801,537N/A3/31/202220,662832N/AN/AN/A12/31/202120,0298512891,540N/A9/30/202119,540798N/AN/AN/A12/31/202018,3904709941,074N/A12/31/201916,219409N/AN/AN/A12/31/201813,769115N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: SO0 의 연간 예상 수익 증가율(14.4%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: SO0 의 연간 수익(14.4%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: SO0 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: SO0 의 수익(연간 8.4%)이 German 시장(연간 6.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: SO0 의 수익(연간 8.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: SO0의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTransportation 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/01 04:24종가2026/06/01 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Being Holdings Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Yumiko KaiIchiyoshi Research Institute Inc.Tatsuki HoshikoNomura Securities Co. Ltd.
Board Change • May 20Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Hirokazu Hasegawa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 13Being Holdings Co., Ltd., Annual General Meeting, Mar 27, 2026Being Holdings Co., Ltd., Annual General Meeting, Mar 27, 2026.
공시 • Dec 12Being Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Being Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
공시 • Sep 04Being Holdings Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Being Holdings Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
공시 • Jun 12Being Holdings Co., Ltd. to Report Q2, 2025 Results on Aug 14, 2025Being Holdings Co., Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025
공시 • Mar 04Being Holdings Co., Ltd. to Report Q1, 2025 Results on May 15, 2025Being Holdings Co., Ltd. announced that they will report Q1, 2025 results on May 15, 2025
공시 • Feb 14Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2025Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2025.
공시 • Dec 05Being Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Being Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025
New Risk • Oct 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€90.3m market cap, or US$97.5m).
New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €91.3m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.3m market cap, or US$99.8m).
공시 • Aug 28Being Holdings Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Being Holdings Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: JP¥62.39 (vs JP¥46.45 in 2Q 2023)Second quarter 2024 results: EPS: JP¥62.39 (up from JP¥46.45 in 2Q 2023). Revenue: JP¥7.51b (up 16% from 2Q 2023). Net income: JP¥372.0m (up 36% from 2Q 2023). Profit margin: 5.0% (up from 4.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Logistics industry in Europe.
New Risk • Aug 05New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€84.4m market cap, or US$92.3m).
공시 • Jun 06Being Holdings Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024Being Holdings Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024
Reported Earnings • May 20First quarter 2024 earnings released: EPS: JP¥29.35 (vs JP¥27.22 in 1Q 2023)First quarter 2024 results: EPS: JP¥29.35 (up from JP¥27.22 in 1Q 2023). Revenue: JP¥6.93b (up 20% from 1Q 2023). Net income: JP¥175.0m (up 9.4% from 1Q 2023). Profit margin: 2.5% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Logistics industry in Europe.
New Risk • Mar 25New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €92.2m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
공시 • Mar 09Being Holdings Co., Ltd. to Report Q1, 2024 Results on May 15, 2024Being Holdings Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024
Reported Earnings • Feb 18Full year 2023 earnings released: EPS: JP¥191 (vs JP¥150 in FY 2022)Full year 2023 results: EPS: JP¥191 (up from JP¥150 in FY 2022). Revenue: JP¥26.3b (up 14% from FY 2022). Net income: JP¥1.12b (up 29% from FY 2022). Profit margin: 4.3% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Logistics industry in Europe.
공시 • Feb 17Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2024Being Holdings Co., Ltd., Annual General Meeting, Mar 28, 2024.
공시 • Dec 05Being Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024Being Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024
Reported Earnings • Nov 20Third quarter 2023 earnings released: EPS: JP¥51.04 (vs JP¥41.83 in 3Q 2022)Third quarter 2023 results: EPS: JP¥51.04 (up from JP¥41.83 in 3Q 2022). Revenue: JP¥6.78b (up 12% from 3Q 2022). Net income: JP¥300.0m (up 24% from 3Q 2022). Profit margin: 4.4% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Logistics industry in Europe.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €14.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Logistics industry in Europe.
New Risk • Oct 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €18.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Logistics industry in Europe.
공시 • Sep 01Being Holdings Co., Ltd. to Report Q3, 2023 Results on Nov 14, 2023Being Holdings Co., Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: JP¥46.45 (vs JP¥29.73 in 2Q 2022)Second quarter 2023 results: EPS: JP¥46.45 (up from JP¥29.73 in 2Q 2022). Revenue: JP¥6.50b (up 16% from 2Q 2022). Net income: JP¥273.0m (up 59% from 2Q 2022). Profit margin: 4.2% (up from 3.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, while revenues in the Logistics industry in Europe are expected to remain flat.