Sakai moving service reports modest H1 sales growth, operating profit dip

Sakai Moving Service reported net sales of 60,724 million yen for the six months ended September 30, 2025, a 2.6% increase year-on-year, while operating profit declined 1.1% to 6,531 million yen. Profit attributable to owners of parent decreased 5.2% to 4,300 million yen. Total assets decreased by 9,003 million yen to 118,231 million yen, primarily due to decreases in receivables and cash, while net assets increased by 942 million yen to 96,942 million yen. The company's equity-to-asset ratio improved to 81.9%.

The company also announced a share repurchase program, with 58,600 shares acquired for 165,061,800 yen between November 1 and November 30, 2025. This is part of a larger resolution from August 8, 2025, to acquire up to 400,000 shares (0.98% of outstanding shares) for a total of 1.4 billion yen by March 31, 2026. Cumulative repurchases under this resolution total 221,800 shares for 639,464,700 yen as of November 30, 2025.

In segment performance, moving services saw sales of 51,289 million yen, up 2.4%, with a 0.9% increase in segment profit. The number of jobs in the core moving services segment rose 1.7%, contributing to a 0.7% increase in unit moving costs. Additionally, Sakai Moving Service's board of directors approved an absorption-type merger of its wholly-owned subsidiaries, Jland Co., Ltd. and Kids Dream Co., Ltd., effective January 1, 2026, to enhance management efficiency.