Expansion of Refrigerated Capacity Through the Construction and Expansion of Logistics Centers
First written in FY2016. 20 of 24 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-08-14.
19 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The depreciation expense burden and increases in personnel expenses and other costs associated with the 6 distribution centers newly brought into operation over the past 2 fiscal years, comprising 5 domestic centers and 1 Vietnamese center, weighed on earnings. However, handling of frozen foods increased mainly, and inbound volume, outbound volume and inventory volume all exceeded the previous fiscal year. In addition, negotiations on rate revisions progressed, resulting in higher revenue and higher earnings.」
The construction and expansion of 6 distribution centers, 5 in Japan and 1 in Vietnam, progressed to the operating phase after launch, driving increased handling volumes centered on frozen foods and contributing to business earnings. - FY2025AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Tokachi Food Valley Distribution Center, Okayama CONNECT Distribution Center, Nagaoka Distribution Center (provisional name), Oigawa No. 2 Distribution Center, Ben Luc Distribution Center in Vietnam and Suvarnabhumi Distribution Center in Thailand (provisional name). Total capital expenditure was ¥16,900 million.」
Development progressed at the Tokachi Food Valley, Okayama CONNECT and Ben Luc sites, while plans for new facilities in Nagaoka, Oigawa No. 2 and Suvarnabhumi continued. Total capital expenditure was ¥16.9 billion. - FY2025-H1AdvancedAnnual report
「Although the depreciation expense burden increased for the 3 distribution centers that began operations in the fiscal year ended September 2024 and other facilities, inbound volume, outbound volume and inventory volume all exceeded the previous fiscal year.」
Several newly built distribution centers had begun operations, and the expansion of the refrigerated warehousing business had entered the operating phase. Acquisitions of property, plant and equipment during the interim period totaled ¥10,815 million. - FY2023AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Chiba Research Park Distribution Center, Eniwa Smart Distribution Center (provisional name), Yumeshima No. 2 Distribution Center (provisional name), Hakozaki Distribution Center (provisional name), Tokachi No. 4 Distribution Center (provisional name), Okayama Distribution Center (provisional name) and Ben Luc Distribution Center (provisional name) in Vietnam. Total capital expenditure was ¥12,378 million.」
Construction and expansion of distribution centers progressed at multiple sites, bringing total capital expenditure for the period to ¥12.378 billion. - FY2023-Q3RestatedAnnual report
「On the other hand, profit declined slightly due to higher electricity charges and increased one-time start-up costs for the Chiba Research Park Distribution Center, which was newly built in March this year.」
Costs for the construction and launch of the Chiba Research Park Distribution Center were confirmed as a factor behind lower profit in the refrigerated warehousing business through the cumulative third quarter. - FY2023-Q2AdvancedAnnual report
「Profit declined due to increased one-time start-up costs for the Chiba Research Park Distribution Center, which was newly built in March this year.」
Construction and launch of the Chiba Research Park Distribution Center had been completed, and the one-time start-up costs were reflected in results. - FY2022AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Chiba Research Park Distribution Center (provisional name), Eniwa Smart Distribution Center (provisional name) and Yumeshima No. 2 Distribution Center (provisional name) in our refrigerated warehousing business. Total capital expenditure was ¥7,068 million.」
Full-year capital expenditure of ¥7.068 billion was made for the construction of the Chiba, Eniwa and Yumeshima No. 2 distribution centers. - FY2022-Q2AdvancedAnnual report
「Together with the synergies from Kesennuma Sorting Spot II, which was completed in July of the previous year, sales of sardines, mackerel, scallops and roe grew substantially.」
The development of the new facility progressed to the utilization stage following completion, with the resulting expansion in sales contributing to fishery product sales in the food sales business. - FY2022-Q1AdvancedAnnual report
「The Fukuoka ISLANDCITY Distribution Center, newly established last year, has also been operating smoothly and contributed to higher earnings.」
The newly built Fukuoka ISLAND CITY Distribution Center began operations as part of the facility expansion initiative, reaching the stage of contributing to higher profit. - FY2021AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Fukuoka ISLAND CITY Distribution Center, Chiba Research Park Distribution Center (provisional name) and Eniwa Smart Distribution Center (provisional name) in our refrigerated warehousing business, and Kesennuma Sorting Spot II and Hirado Ice Factory in the food sales business. Total capital expenditure was ¥13,744 million.」
Facilities including the Fukuoka ISLAND CITY Distribution Center were developed, while plans for new facilities in Chiba and Eniwa also progressed. Annual capital expenditure totaled ¥13.744 billion. - FY2020AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Tsukuba Distribution Center, Yokohama Mirai Satellite, Yokohama Mirai HRD, Island City Distribution Center (provisional name), Nagasaki Sorting Spot and Kesennuma Sorting Spot (provisional name) in the food sales business. Total capital expenditure was ¥15,513 million.」
In addition to the start of operations at the Tsukuba Distribution Center, development progressed at the Yokohama Mirai, Island City, Nagasaki and Kesennuma sites, bringing total capital expenditure to ¥15.513 billion. - FY2020-Q3AdvancedAnnual report
「Net cash used in investing activities was ¥13,305 million, compared with ¥18,115 million used in the same quarter of the previous year. The main sources of funds were ¥2,030 million in proceeds from the collection of loans and other items, while the main uses were ¥10,653 million for the acquisition of property, plant and equipment and ¥4,642 million for loans extended.」
Through the first 3 quarters, ¥10.653 billion was spent on the acquisition of property, plant and equipment, as investment in logistics and other facilities continued. - FY2019AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Meiko Distribution Center, Tsukuba Distribution Center (provisional name), Yokohama Mirai Satellite, Yokohama Mirai HRD, Island City Distribution Center (provisional name) and Nagasaki Sorting Spot (provisional name) in the food sales business. Total capital expenditure was ¥12,479 million.」
In addition to completion of the Meiko Distribution Center, development progressed at the Tsukuba, Yokohama Mirai, Island City and Nagasaki sites, bringing full-year capital expenditure to ¥12.479 billion. - FY2019-Q3RestatedAnnual report
「The Tokyo Haneda Distribution Center and the Meiko Distribution Center, both newly established last year, operated smoothly, increasing storage-fee revenue and cargo-handling revenue.」
The operation of the newly built distribution centers and their contribution to revenue were reaffirmed for both the Tokyo Haneda and Meiko centers. - FY2019-Q2RestatedAnnual report
「Although the temporary start-up expenses and higher depreciation expenses incurred when the Meiko Distribution Center, newly established in November 2018, began operations were factors behind the decline in earnings, the center, together with the Tokyo Haneda Distribution Center, newly established in February 2018, contributed to increases in storage-fee revenue and cargo-handling revenue.」
Regarding the expansion of newly built distribution centers, it was reaffirmed that both the Tokyo Haneda and Meiko centers were operating and had reached the stage of contributing to higher revenue. - FY2019-Q1AdvancedAnnual report
「The Tokyo Haneda Distribution Center, which began operations in February 2018, and the Meiko Distribution Center, which began operations in November 2018, both contributed to increases in storage-fee revenue and cargo-handling revenue.」
Following the Tokyo Haneda Distribution Center, the Meiko Distribution Center also began operations, and both centers reached the stage where they were contributing to higher revenue. - FY2018AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Tokyo Haneda Distribution Center and Meiko Distribution Center in our refrigerated warehousing business. Total capital expenditure was ¥11,960 million.」
Construction of the Tokyo Haneda and Meiko distribution centers progressed, bringing full-year capital expenditure to ¥11.960 billion. - FY2018-Q2AdvancedAnnual report
「The recognition of one-time start-up costs and the increase in depreciation expense associated with the launch of the newly built Tokyo Haneda Distribution Center」
The Tokyo Haneda Distribution Center entered the construction and start-up phase, resulting in one-time costs and depreciation expense. - FY2018-Q1AdvancedAnnual report
「The Satte Distribution Center, which began operations in June 2017, had already reached full capacity utilization」
The newly built Satte Distribution Center reached full capacity utilization, indicating progress in the refrigerated-capacity expansion initiative in terms of utilization and earnings. - FY2017AdvancedAnnual report
「The principal capital expenditures in the consolidated fiscal year were for the construction of the Satte Distribution Center, Keihinjima Distribution Center (provisional name) and Meiko Distribution Center (provisional name) in our refrigerated warehousing business. Total capital expenditure was ¥10,210 million.」
The Satte Distribution Center was completed and began operations, while capital investment progressed, including the construction of the Keihinjima and Meiko facilities. Full-year capital expenditure totaled ¥10.210 billion. - FY2017-Q3AdvancedAnnual report
「The increase in depreciation expense following the construction of new distribution centers and the incurrence of one-time start-up costs during the current period」
The new distribution centers entered the start-up phase, resulting in depreciation expense and one-time costs. - FY2016First statedAnnual report
「Our Satte Distribution Center (Satte, Saitama Prefecture) | Expansion of refrigerated warehouse | Refrigerated capacity: 20,800 t | April 2016 | June 2017 | Refrigerated capacity: up 2.2%」
Total capital expenditure, including the construction of the Tokachi No. 3 Distribution Center and other facilities, was ¥12,721 million. Work on the Satte Distribution Center began in April 2016 and was scheduled for completion in June 2017, with a planned 2.2% increase in refrigerated capacity.