Mitsubishi Logisnext slashes fiscal 2026 earnings outlook on tough market, Americas woes

Mitsubishi Logisnext announced on November 7, 2025, a significant downward revision to its consolidated earnings forecast for the full fiscal year ending March 2026. The company now projects a net loss attributable to parent company shareholders of JPY 1 billion, a JPY 10 billion reduction from the prior JPY 11 billion profit forecast. This revision also includes a reduced revenue forecast of JPY 635,000 million, down from JPY 650,000 million, and a decrease in operating profit to JPY 14,000 million from JPY 24,000 million.

The revision is primarily attributed to a sharp and unexpected deterioration in the Americas market, where increased demand slowdown due to US tariffs and intensified sales competition from Korean rivals have made it difficult to pass on cost increases to selling prices. Additionally, the company recorded an extraordinary loss of JPY 3,250 million for an allowance for contingent losses related to engine certification delays in North America at a domestic engine manufacturing subsidiary during the second quarter of fiscal 2026.

For the second quarter ended September 30, 2025, the company reported a consolidated net loss attributable to parent company shareholders of JPY 710 million, a substantial decline from a profit of JPY 9,973 million in the same period last year. Total assets decreased by JPY 6,147 million to JPY 505,996 million compared to the previous fiscal year-end.