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1 2026.8.6 Financial Results Presentation Material for the 1st quarter of FY ending March 2027 SEINO HOLDINGS CO . , LTD . ( 9076 ) SEINC Copyright © 2026 SEINO HOLDINGS CO . , LTD . All Rights Reserved .
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.20262 Financial Results 1st quarter of FY Ending March 2027 INDEX 01 02 Revision of Earnings Forecast Appendix 03 Transportation Business
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.3 2026 What we hope to convey today ⚫ 【1Q Consolidated: Growth in both Revenue & Profit】For the 1Q of the fiscal year ending March 31, 2027, revenue, operating profit and net income all exceeded the previous year, achieving record-high results. Additionally, all segments achieved growth in both revenue and profit. ⚫ 【Transportation Business: Profit Increase】 In the LTL business, For the 1Q, we achieved an increase in cargo volume exceeding plans by capturing special demand caused by soaring crude oil prices, in addition to a continued increase in the unit price per kg driven by securing appropriate freight rates with added-value services. Moreover, operating profit increased by 39% YoY . ⚫ 【Vehicle Sales: Profit Increase】In the Vehicle Sales Business, operating profit increased by 24% YoY due to an increase in new car unit sales, driven by strong sales of new passenger cars as well as a spillover in demand from the previous period following the abolition of the vehicle environmental performance tax. ⚫ 【2Q Earnings Forecast：Upward Revision】Based on the strong 1Q performance in the Transportation and the Vehicle Sales businesses, we have revised our 2Q financial forecast upward. On the other hand, due to uncertainties in cargo volume trends within the Transportation business caused by factors such as the situation in the Middle East, the full year forecast remains unchanged at this time. We will review it as necessary after assessing progress through the 2Q and the business environment. ⚫ We will continue to accelerate the growth of our highly profitable Logistics and Charter (FTL) businesses. At the same time, through productivity improvements driven by O.P.P. and the promotion of Team Green Logistics, we aim to achieve both the enhancement of corporate value and the resolution of social issues in the logistics industry.
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.4 2026 Financial Results 1st quarter of FY Ending March 2027 01
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YoY +36.4% Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.5 2026 Profit and Loss: Growth in both revenue & profit Achieved record-high revenue and profit for 1Q. (¥ million) FY2025/6 FY2026/6 YoY vs. Forecast Operating Revenue 199,571 213,765 +7.1％ 52.7％ Gross Profit 23,504 27,938 +18.9％ （Gross Margin） 11.8％ 13.1％ +1.3pt Selling, General & Administrative Expenses 14,298 15,385 +7.6％ Operating Profit 9,205 12,553 +36.4％ 64.7％ （Operating Margin） 4.6％ 5.9％ +1.3pt Ordinary Profit 9,812 13,969 +42.4％ 70.2％ Profit Attributable to Owners of the Parent 5,653 8,612 +52.3% 69.5% YoY +52.3% YoY +42.4% YoY +7.1%Operating Revenue Operating Profit Net Income Although an extraordinary loss of ¥2.9bn was recorded for compensation related to a tunnel vehicle fire accident, quarterly net income increased by ¥2.9bn, partly due to the recording of a ¥3.1bn extraordinary income from a share exchange with an affiliated company. Operating revenue increased by ¥14.1bn, driven by growth in the transportation and vehicle sales businesses. Ordinary Profit Ordinary profit increased by ¥4.1bn, driven by an increase in operating profit as well as an increase of ¥0.8bn in equity in earnings of affiliates. Operating profit increased by ¥3.3bn, driven by higher revenue and efficiency improvements that helped control costs. As a result, operating margin significantly increased to 5.9%.
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.2026 Business Overview: Growth in both revenue & profit in all segments (¥ million) Operating Revenue （YoY） 【vs. Forecast】 Operating Profit （YoY） 【vs. Forecast】 FY2026/6 Business Overview KPI Transportation 162,612 （+4.9%） 【52.1％】 8,738 （+39.3%） 【62.4%】 Operating Revenue increased by ¥7.6bn, driven by progress in securing appropriate freight rates, and capturing special demand caused by soaring crude oil prices, as well as growth in Logistics and Charter (FTL) businesses. Operating profit increased by ¥2.4bn, driven by an increase in revenue and the cost control to a 3.4% increase through the efficiency improvements in long-haul truck dispatching. Volume 102.9% (STC：LTL) （Seino Group： 101.9%） Unit price 102.0% (STC：LTL） （Seino Group： 102.0%） Revenue 109.3％ （Excluding outbound shipping fee） Revenue 113.7%（STC） Vehicle Sales 32,715 （+19.4%） 【56.4%】 2,822 （+24.9%） 【72.4％】 Passenger Cars: Sales rose driven by strong compact/large SUV sales and tax-abolition demand shift. Trucks: Sales increased due to deferred demand following the tax abolition. Profit increased due to higher sales of new passenger cars and trucks, as well as an increase in used truck sales and the expansion of maintenance services. Passenger cars 4,843 cars（111.4%） Truck 666 cars（129.6%） Merchandise Sales 10,653 （+7.9%） 【52.2%】 400 （+15.1%） 【64.6％】 Revenue and profit increased due to strong sales of household paper products, mainly for nursing and elderly care. Real-Estate Leasing 644 （+5.8%） 【51.5%】 476 （+6.3%） 【51.8%】 Rent revisions contributed to higher revenue & profit. Other 7,140 （+6.8%） 【52.3％】 663 （+30.5%） 【60.4％】 Higher revenue and profit, driven by strong performance in Housing Sales and Information Services. Operating Revenue Operating Profit Operating Revenue Operating Profit LTL (YoY) Logistics (YoY) Charter (FTL) (YoY) New car sales volume (YoY) 6
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.7 2026 Operating Expenses （Consolidated） (¥ million) FY2025/6 FY2026/6 YoY Comment Personnel 60,966 62,190 +1,223 (+2.0%) Increase in the transportation business 1,131 Increase in the non-transportation business 92 Fuel 4,692 4,459 -232 (-5.0%) Decrease in the transportation business -231 Decrease in the non-transportation business -1 Depreciation 6,210 6,455 +244 （+3.9%) Buildings & Structures 143 Software 50 Subcontracted, charter, handling, and outsourcing 63,990 67,966 +3,975 (+6.2%) Increase in the international cost of sales 1,316 Increase in other (excl. International)（*） 2,659 （*）Net of ¥384m efficiency effect from long-haul truck dispatching Others 54,506 60,140 +5,634 (+10.3%) Increase in COGS（Vehicle sales） 4,517 Increase in COGS（Merchandise Sales） 1,087 Total operating expenses 190,365 201,212 +10,846 （+5.7%) Consolidated revenue increased by 7.1% Revenue increased by 7.1% YoY while controlling expense growth to 5.7%, contributing higher consolidated operating profit.
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.8 2026 Analysis of Changes in Consolidated Operating Profit (YoY) In the Transportation Business, revenue growth outpaced costs driven by securing appropriate freight rates, capturing special demand, and growth in logistics and charter (FTL). This resulted in a 39% increase in operating profit, driving consolidated operating profit up by 36%. Revenue: YoY Change（Mgmt. Accounting） Op. Expenses: YoY Change(Negative = Increase)Transportation business 2,467 (¥ million) LTL FY2025/6 Operating Profit Logistics Vehicle rent, Subcontracting FY2026/6 Operating Profit*1 For convenience, the "Other" amount reflects the residual value after deducting revenues from LTL, charter (FTL), and logistics from the total transportation business revenue. *2 The figure reflects the amount from *1 after deducting the impact from the international segment. International -1,316 Other -3,043 *2 +7,609 -5,142 Charter (FTL) *1 Other Fuel Improved long-haul dispatching Offset -3,975 Personnel Depreciation Other Operating profit (loss) from non- transport business Consolidated Adjustment International +1,630 Other +161 Cargo volume +2,029 De-consolidation impact of Hinomaru Seino -579 Unit price +1,097 Fuel surcharge -23 Business day impact -242 Offset -2,659
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.9 2026 Transportation Business02
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.10 2026 Trend in Unit Price per kg (vs. FY2022) Transportation｜LTL The price per kg continues to trend upward, driven by the ongoing impact of unit price rate revisions. (Total：STC LTL) 101.2% 101.6% 101.9% 102.1% 103.9% 105.6% 107.0% 107.5% 109.0% 109.7% 110.2% 110.5% 111.3% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2025/3 FY2026/3FY2024/3 FY2027/6
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Heavy Weight Light Short-haul Distance Long-haul Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.11 2026 Weight & Distance Band Analysis（STC） Transportation｜LTL Estimate 102.7% | Actual 102.0% (1Q unit price per kg) ・While unit price per kg showed steady performance compared to FY2022 through ongoing freight rate negotiations, the growth rate of the average price slowed due to the lot of special demand goods. ・Promote internal adoption of negotiation strategies that emphasize cargo volume balance while taking profitability by customer into account. ・Released the new reported freight rates (2026 rates) on August 21. Weight/Distance Volume Per Day Unit Price ¥/kg ① Under 300 kg / 500 km or less 100.7% 102.2% ② Over 300 kg / 500 km or less 106.3% 102.3% ③ Over 500km 103.7% 102.1% Total 102.9% 102.0% (*) Cargo by weight/distance YoY (Apr-Jun) (Gen. cargo) Cargo by weight and distance ① ② ③ Cargo Volume (Apr-Jun) (Gen. cargo+ small parcel) Estimate 100.2% | Actual 102.9% (1Q volume per day) ・1Q daily cargo volume performed strongly at 102.9%, significantly exceeding the target (100.2%). ・Captured special demand driven by soaring crude oil prices from late March to mid-June 2026, supporting strong Q1 performance. ・Growth in heavy-weight, short-haul cargo (Zone 2) was particularly strong, driving the increase in overall volume. ・Promoted sales expansion in small-lot, high-value-added, and collaborative projects. Unit Price (Apr-Jun) (*) Due to the structure of the tariff, the growth rate of the average price per kg remains low, driven by an increase in cargo volume in the heavy-weight category.
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7,030 7,994 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 FY2025/6 FY2026/6 Achieved 13.7% YoY growth by targeting high-demand industries, expanding dispatch centers, and strengthening partner networks. Utilization rates at facilities opened in the previous period increased, contributing to higher revenue. Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.12 2026 Logistics & Charter (FTL) Business Overview Transportation｜Logistics・Charter (FTL) 20,439 22,349 19,994 20,808 FY2025/6 FY2026/6 Distribution center +9.3％ Total 40,433 +6.7％ 43,157 +2,723 Floor area +2.5% 1.77 million ㎡ 1.82 million ㎡ (¥ million) Logistics｜Revenue (Management Accounting) +13.7% Charter (FTL)｜Revenue （STC：Management Accounting） (¥ million) Freight charges +4.1％
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.13 2026 Revision of Earnings Forecast03
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.14 2026 Due to uncertainty in future cargo volume trends in the Transportation Business caused by factors such as the Middle East situation, the full-year earnings forecast remains unchanged at this time. (¥ million) FY2026/9 (Revised) FY2026/9 （Original） Change % Change FY2025/9 (Result) Change (YoY) % Change (YoY) Comment （Revised） Operating Revenue 408,500 405,500 +3,000 +0.7% 398,559 +9,940 +2.5% 【Transportation Business】 <Estimated Cargo Volume> 1H 101.5％（+0.9pt） ＜Estimated Unit Price> 1H 102.3％（-0.5pt） 【Vehicle sales Business】 ＜New car sales volume＞ Passenger cars 8,670 cars（+80 cars） Truck 1,286 cars（±0 cars） Transportation 313,200 312,200 +1,000 +0.3% 308,925 +4,274 +1.4% Vehicle sales 60,000 58,000 +2,000 +3.4% 54,579 +5,420 +9.9％ Merchandise sales 20,400 20,400 0 - 20,326 +73 +0.4% Real-estate leasing 1,250 1,250 0 - 1,215 +34 +2.9% Other 13,650 13,650 0 - 13,512 +137 +1.0% Operating Profit 20,400 19,400 +1,000 +5.2% 18,101 +2,298 +12.7% Transportation 14,300 14,000 +300 +2.1% 12,201 +2,098 +17.2% Vehicle sales 4,600 3,900 +700 +17.9％ 4,187 +412 +9.8% Merchandise sales 620 620 0 - 721 -101 -14.0% Real-estate leasing 920 920 0 - 894 +25 +2.9% Other 1,100 1,100 0 - 1,241 -141 -11.4% Elimination -1,140 -1,140 0 - -1,145 +5 - Ordinary Profit 21,000 19,900 +1,100 +5.5% 18,495 +2,504 +13.5% EPS ¥76.88（+¥0.61） Profit attributable to owners of the parent 12,500 12,400 +100 +0.8% 10,757 +1,742 +16.2% Revision of Q2 FY2027/3 Earnings Forecast Upward revision for Transportation and Vehicle Sales businesses considering Q1 progress
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.15 2026 Appendix
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.16 2026 FY2027: Earning Forecast (Full Year) 第3四半期までは好調に推移しているものの、 特積みの物量・単価が想定に届いていないこともあり、業績予想は据え置き(¥ million) FY2027/3 (Forecast) FY2026/3 (Results) YoY Comment Operating Revenue 825,500 812,965 +12,534 +1.5% 【Transportation Business】 <LTL（STC）> Cargo Volume 101.5%（per day） Unit Price 102.8%（gen. cargo） Day Count 99.3% <（Reference）Impact of Deconsolidating Hinomaru Seino> （FY2026/3 Non-consolidated Results） Operating Revenue ¥5,813 million Operating Profit ¥120 million 【Vehicle sales】 <New car sales volume> Passenger cars 16,770cars（106.5%） Truck 2,104 cars（104.1%） Transportation 639,800 630,890 +8,909 +1.4% Vehicle sales 112,000 110,346 +1,653 +1.6% Merchandise sales 41,700 40,926 +773 +1.9% Real-estate leasing 2,500 2,456 +43 +1.8% Other 29,460 28,345 +1,154 +4.1% Operating Profit 41,400 37,605 +3,794 +10.1% Transportation 31,840 27,425 +4,414 +16.1% Vehicle sales 6,440 6,917 -477 -6.9% Merchandise sales 1,340 1,314 +25 +1.9% Real-estate leasing 1,850 1,810 +39 ＋2.2% Other 2,080 2,270 -190 -8.4% Elimination -2,150 -2,133 -16 - Ordinary Profit 41,800 37,264 +4,535 +12.2% Profit attributable to owners of the parent 27,500 23,638 +3,861 +16.3% EPS ¥169.08（+¥12.08） ROE 6.1% （+0.5pt） Republished
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.17 2026 Create Value Using a Reverse ROE Tree Republished Increase the proportion of operating revenue from the highly profitable Logistics and Charter businesses Maintain DOE of 4.0% or more and continue to steadily acquire treasury stock Drivers of ROE improvement We will accelerate the expansion of our logistics and charter (FTL) trucking businesses in line with the ROADMAP 2028. Increase profitability through better efficiency in the Less than Truckload business Steady growth of the Less than Truckload business Growth of the Charter business Improved profitability Capital policies Grow Operating income by 10% or more annually Grow EPS by 15-20% annually Achieve both economic and social value 1 2 3 4 1 2/3 5 Operating revenue growth ROE of 8.0% or higher Organic growth of around 4%/year + M&A Operating margin of around 5.8% Growth of the Logistics business Equity ratio to an appropriate level M&A and open innovation
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Copyright© SEINO HOLDINGS CO., LTD. All Rights Reserved.18 2026 The forward-looking statements including earnings forecasts in this material are based on information available to the Company at the time of preparation and certain assumptions identified as reasonable. Please note that actual performance may vary materially from these forecasts due to a variety of factors. Contact Finance and IR Department SEINO HOLDINGS CO., LTD. 1 Taguchi-cho, Ogaki, Gifu 503-8501, Japan TEL：+81-584-82-5023 http://www.seino.co.jp/seino/shd/ E-mail：i.r@seino.co.jp