Balance Sheet StrengthMaterial deleveraging over several years meaningfully reduces financial risk and interest expense. A much lower debt-to-equity ratio increases strategic optionality for capex, M&A or dividends and provides lasting flexibility to withstand cyclical dips in logistics volumes.
Revenue Growth MomentumConsistent top-line expansion, capped by an ~18% uptick in 2026, indicates durable demand for warehousing and distribution services. Sustained revenue growth supports scale benefits, better fixed-cost absorption, and provides a foundation for longer-term margin recovery and reinvestment.
Positive Free Cash FlowConsistent positive operating cash flow and FCF (~¥1.27B in 2026) create a durable internal funding source. Reliable cash generation enables continued debt repayment, selective capital spending and shareholder returns without overreliance on external financing.