Transition to a More Profitable Business Structure and Strengthening Competitiveness

「Operating profit in the Plant Business increased owing to improved profitability. However, in addition to lower profit in the Logistics Solutions Business due to lower sales, profit in the Mirai Creation Business also declined. As a result, operating profit was ¥3,581 million, down 13.3% from the previous consolidated fiscal year.」

「In terms of earnings, both businesses reported higher profit year on year. In the Plant Business, acceptance of high-margin projects was concentrated in the first half, while in the Logistics Solutions Business, profitability improved as projects were completed and handed over smoothly. Consolidated operating profit therefore increased 20.3% year on year to ¥2,307 million.」

「In terms of earnings, operating profit increased substantially by 247.4% year on year to ¥1,917 million, in line with the increase in net sales.」

「In terms of earnings, the Plant Business, which continued to perform well, reported higher profit year on year. However, consolidated operating profit declined 6.9% year on year to ¥1,073 million, resulting in a slight decline in profit overall, owing to higher company-wide expenses, including DX-related costs, and lower profit in the core Logistics Solutions Business because the first half fell between project stages.」

「In terms of earnings, the Plant Business, which continued to perform well, reported higher profit year on year. In the core Logistics Solutions Business, construction progress in the second quarter was steady, but profit declined year on year because this was insufficient to offset the impact of the first quarter falling between project stages in the previous year and the absence of high-margin projects recorded in the previous year. As a result, consolidated operating profit declined 34.1% year on year to ¥551 million, resulting in lower profit overall.」

「For the three months ended 30 June 2023 (from 1 April 2023 to 30 June 2023), consolidated net sales were ¥9,987 million, down 6.0% year on year, as the first quarter fell between major projects undertaken by the core Logistics Solutions Business, resulting in lower sales than in the same period of the previous year. In terms of earnings, the Plant Business reported higher sales and profit year on year, but the decline in sales in the Logistics Solutions Business had a significant impact. The group therefore reported an operating loss of ¥446 million, compared with operating profit of ¥388 million in the same period of the previous year, and an ordinary loss of ¥236 million, compared with ordinary profit of ¥664 million.」

「In fiscal 2022, consolidated net sales were ¥47,351 million, down 20.0% from the previous fiscal year, and operating profit was ¥2,497 million, down 11.1%, owing in part to the decline following the first-year impact of applying the accounting standard for revenue recognition to the Plant Business in the previous fiscal year.」

「For the nine months ended 31 December 2022 (from 1 April 2022 to 31 December 2022), consolidated net sales were ¥33,240 million, down 23.0% year on year, due to the impact of difficulties procuring components caused by the global supply chain disruption affecting the core Logistics Solutions Business and the absence of the first-year impact of applying the accounting standard for revenue recognition to the Machinery and Plant Business in the previous year. Operating profit was ¥1,152 million, down 42.1%; ordinary profit was ¥1,590 million, down 33.7%, owing in part to foreign exchange gains resulting from the weaker yen; and profit attributable to owners of the parent was ¥1,142 million, down 22.4%.」

「For the six months ended 30 September 2022 (from 1 April 2022 to 30 September 2022), consolidated net sales were ¥21,665 million, down 29.3% year on year, due to the impact of difficulties procuring components caused by the global supply chain disruption affecting the core Logistics Solutions Business and the absence of the first-year impact of applying the accounting standard for revenue recognition to the Machinery and Plant Business in the previous year. Operating profit was ¥837 million, down 48.1%; ordinary profit was ¥1,282 million, down 32.7%, owing in part to foreign exchange gains resulting from the weaker yen; and profit attributable to owners of the parent was ¥729 million, down 36.1%.」

「Due to difficulties procuring components caused by the global supply chain disruption affecting the core Logistics Solutions Business, together with the absence of the first-year impact of applying the accounting standard for revenue recognition to the Machinery and Plant Business in the previous year, net sales were ¥10,619 million, down 41.0% year on year, and operating profit was ¥388 million, down 45.4%.」

「For the nine months ended 31 December 2021 (from 1 April 2021 to 31 December 2021), consolidated net sales were ¥43,183 million, up 37.8% year on year, and operating profit was ¥1,991 million, up 0.9%. Although the Machinery and Plant Business continued to face a challenging operating environment, the Logistics Solutions Business performed steadily.」

「For the six months ended 30 September 2021 (from 1 April 2021 to 30 September 2021), consolidated net sales were ¥30,657 million, up 51.9% year on year, and operating profit was ¥1,613 million, up 52.7%. Although the Machinery and Plant Business continued to face a challenging operating environment, the Logistics Solutions Business performed steadily.」

「Although the Machinery and Plant Business continued to face a challenging operating environment, the Logistics Solutions Business performed steadily. As a result, consolidated net sales were ¥18,014 million, up 83.8% year on year, and operating profit was ¥711 million, down 6.2%.」

「Operating profit was ¥2,623 million, up 1.2% year on year, owing in part to improved project profitability in the Logistics Solutions Business.」

「For the nine months ended 31 December 2020 (from 1 April 2020 to 31 December 2020), consolidated net sales were ¥31,344 million, down 3.2% year on year, and operating profit was ¥1,974 million, up 51.6%. Although the Machinery and Plant Business continued to face a challenging operating environment, the Logistics Solutions Business performed steadily.」

「For the six months ended 30 September 2020 (from 1 April 2020 to 30 September 2020), consolidated net sales were ¥20,178 million, down 1.6% year on year, and operating profit was ¥1,056 million, up 43.2%. Although the Machinery and Plant Business continued to face a challenging operating environment, the Logistics Solutions Business performed steadily.」

「For the 3 months ended 30 June 2020, consolidated net sales were ¥9,798 million, up 24.3% year on year, and operating profit was ¥757 million, compared with an operating loss of ¥101 million in the same quarter of the previous year, due to steady performance in the Logistics Solutions Business despite continued severe business conditions in the Machinery and Plant Business.」

「Despite continued severe business conditions in the Machinery and Plant Business, solid performance in the Logistics Solutions Business resulted in net sales of ¥32,394 million, up 20.1% year on year, and operating profit of ¥1,302 million, compared with an operating loss of ¥240 million in the same period of the previous year.」

「For the 6 months ended 30 September 2019, consolidated net sales were ¥20,501 million, up 19.9% year on year, and operating profit was ¥737 million, compared with an operating loss of ¥57 million in the same period of the previous year, due to solid performance in the Logistics Solutions Business despite continued severe business conditions in the Machinery and Plant Business.」

「For the 3 months ended 30 June 2019, consolidated net sales were ¥7,882 million, up 3.7% year on year. The Company recorded an operating loss of ¥101 million, compared with an operating loss of ¥417 million in the same quarter of the previous year, due to the temporary inability to absorb fixed costs based on project progress in the Logistics Solutions Business and continued severe business conditions in the Machinery and Plant Business. Ordinary profit was ¥67 million, compared with an ordinary loss of ¥148 million, and profit attributable to owners of the parent was ¥205 million, up 161.1% year on year, due in part to the sale of investment securities.」

「For the 9 months ended 31 December 2018, consolidated net sales were ¥26,963 million, down 14.5% year on year, and the Company recorded an operating loss of ¥240 million, compared with operating profit of ¥2,035 million in the same period of the previous year, due to delays in project schedules and the emergence of some unprofitable projects in the Logistics Systems Business, as well as continued severe business conditions in the Machinery and Plant Business. Ordinary profit was ¥85 million, down 96.5% year on year, and the Company recorded a quarterly loss attributable to owners of the parent of ¥68 million, compared with quarterly profit attributable to owners of the parent of ¥2,127 million.」

「Due to delays in project schedules in the Logistics Systems Business and continued severe business conditions in the Machinery and Plant Business, net sales were ¥17,100 million, down 22.6% year on year, and the Company recorded an operating loss of ¥57 million, compared with operating profit of ¥1,634 million in the same quarter of the previous year. Ordinary profit was ¥244 million, down 87.2% year on year.」

「For the 3 months ended 30 June 2018, consolidated net sales were ¥7,603 million, down 17.0% year on year, due to delays in the timing of certain projects in the Logistics Systems Business and continued severe business conditions in the Machinery and Plant Business. The Company recorded an operating loss of ¥417 million, compared with operating profit of ¥728 million in the same quarter of the previous year, and an ordinary loss of ¥148 million, compared with ordinary profit of ¥941 million.」

「Consolidated net sales for the fiscal year were ¥41,758 million, down 0.4% from the previous fiscal year, as higher revenue in the Logistics Systems Business was offset by a decline in the number of projects in the Machinery and Plant Business. Operating profit was ¥2,265 million, down 26.5%, ordinary profit was ¥2,646 million, down 23.1%, and profit attributable to owners of the parent was ¥2,362 million, down 36.9%.」

「Operating profit was ¥2,035 million, down 9.6%, and ordinary profit was ¥2,428 million, down 8.0%, due in part to weak performance in the Machinery and Plant Business.」

「Operating profit was ¥1,634 million, down 21.9%, due in part to weak performance in the Machinery and Plant Business. Ordinary profit was ¥1,910 million, down 14.2%, and profit attributable to owners of the parent was ¥1,482 million, down 2.6%.」

「For the 3 months ended 30 June 2017, consolidated net sales were ¥9,162 million, up 13.5% year on year, due in part to solid performance in the Logistics Systems Business. Operating profit was ¥728 million, down 38.9%, due in part to weak performance in the Machinery and Plant Business. Ordinary profit was ¥941 million, down 23.4%, and profit attributable to owners of the parent was ¥711 million, down 5.0%.」

「As a result, consolidated net sales for the fiscal year were ¥41,932 million, down 10.0% from the previous fiscal year, despite higher revenue in the Logistics Systems Business, due in part to a decline in new projects in the Machinery and Plant Business. Operating profit was ¥3,080 million, up 1.9%, due in part to higher profit in the Logistics Systems Business against a solid business environment.」

「For the 9 months ended 31 December 2016, consolidated net sales were ¥28,849 million, down 15.8% year on year, operating profit was ¥2,252 million, down 10.3%, and ordinary profit was ¥2,639 million, down 8.3%. The Logistics Systems Business was primarily supported by favorable business conditions, but this was offset by a decline in new projects in the Machinery and Plant Business.」

「Operating profit was ¥2,092 million, up 135.6% year on year, due to favorable business conditions in the Logistics Systems Business and improved profitability on overseas projects in the Machinery and Plant Business,」

「② Transition to a More Profitable Business Structure and Strengthening Competitiveness」