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Toyo Kanetsu K.K. (6369) · FactRevenue decline due to the absence of large projectsLatest M&A and Subsidiary Changes (2026-09-25): "Advanced"

Growing Demand for Logistics Systems and Measures to Save Labor and Reduce Workforce Requirements

First written in FY2016. 23 of 32 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-09-25.

32entries
11years
4from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2021-Q1AdvancedFY2021-Q3 – FY2022-Q3AdvancedFY2024-Q2 – FY2025-H12016: 320162017: 420172018: 220182019: 220192020: 320202021: 420212022: 320222023: 320232024: 220242025: 120252026: 52026
Same theme, other companies
Expansion of Material-Handling Demand Driven by Investment in Logistics and AutomationA theme 5 companies write about · 0 as a headwind · 5 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Revenue decline due to the absence of large projectsAnnual report

    「The core logistics solutions business posted lower revenue as it entered a lull, as anticipated at the beginning of the fiscal year, in the absence of large projects.」

    Although demand for automation and labor-saving equipment driven by labor shortages continued, the absence of large projects resulted in a lull and a 7.5% decline in revenue from the logistics solutions business.
  2. FY2026-H1Declining revenue and higher profitAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle,” “Table Sorting System,” “Modular” and “3D Pallet Shuttle” for online retailers, wholesalers, retailers, 3PL providers and manufacturers. As a result, revenue from this business was ¥15,999 million, down 12.7% year on year. Operating profit was ¥2,256 million, up 11.3%.」

    Although revenue recognition continued for automation equipment projects across multiple industries, the logistics solutions business posted a 12.7% decline in revenue. Operating profit rose 11.3%, indicating divergent trends in revenue and profit.
  3. FY2025-H1AdvancedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, wholesalers and 3PL providers. To level out production schedules, some design and manufacturing work for large projects was brought forward, resulting in revenue being recognized in line with progress. Revenue from this business was therefore ¥18,332 million, up 38.1% year on year.」

    In the logistics solutions business, design and manufacturing work for large projects was brought forward to level out production schedules in addition to work on Multi Shuttle projects, resulting in revenue growth of 38.1% year on year.
  4. FY2024-Q3AdvancedAnnual report

    「Revenue from this business was ¥22,050 million, up 13.2% year on year, as revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, 3PL providers and manufacturers.」

    Revenue from the logistics solutions business rose 13.2% year on year, driven mainly by automation equipment projects incorporating the Multi Shuttle for online retailers, 3PL providers and manufacturers.
  5. FY2024-Q2AdvancedAnnual report

    「Revenue from this business was ¥13,275 million, up 3.2% year on year, as revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, 3PL providers and manufacturers.」

    Revenue was recognized mainly from automation equipment projects for online retailers, 3PL providers and manufacturers, and the logistics solutions business posted 3.2% year-on-year revenue growth.
  6. FY2023ReframedAnnual report

    「Demand for automation and labor-saving equipment has remained firm, driven by higher volumes for online retailers and consumer cooperatives and by labor shortages. Meanwhile, airport baggage-handling systems continued to see sluggish capital investment because of the decline in passenger numbers.」

    Demand for logistics automation remains firm, while airport-related demand is sluggish because of the decline in passenger numbers, resulting in divergent demand trends by application.
  7. FY2023-Q3WorsenedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers and 3PL providers. As a result, revenue from this business was ¥19,479 million, down 12.4% year on year, and operating profit was ¥1,482 million, down 22.0%.」

    Multi Shuttle projects for online retailers and 3PL providers continued, but the logistics solutions business posted lower revenue and operating profit. Growth in demand for logistics systems has not translated directly into results.
  8. FY2023-Q2WorsenedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers and 3PL providers. As a result, revenue from this business was ¥12,867 million, down 16.1% year on year, and operating profit was ¥1,210 million, down 29.7%.」

    Multi Shuttle projects for online retailers and 3PL providers continued, but the logistics solutions business posted lower revenue and operating profit.
  9. FY2023-Q1WorsenedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, retailers and transport companies. As a result, revenue from this business was ¥6,419 million, down 17.2% year on year, and operating profit was ¥493 million, down 29.9%.」

    Automation equipment projects for online retailers, retailers and transport companies continued, but revenue from the logistics solutions business fell 17.2% and operating profit declined 29.9%.
  10. FY2022-Q3AdvancedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, wholesalers, consumer cooperatives and manufacturers. As a result, revenue from this business was ¥22,248 million, up 11.3% year on year, while operating profit was ¥1,902 million, down 17.3%. There was no impact from the application of accounting standards and other guidance on revenue recognition during the cumulative third quarter of the current consolidated fiscal year.」

    Revenue was recognized mainly from automation equipment projects for online retailers, wholesalers, consumer cooperatives and manufacturers, and revenue from the logistics solutions business rose 11.3% year on year. Operating profit, however, declined 17.3%, indicating divergent trends in demand growth and profitability.
  11. FY2022-Q2AdvancedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, wholesalers, consumer cooperatives and manufacturers. As a result, revenue from this business was ¥15,333 million, up 28.0% year on year, and operating profit was ¥1,721 million, up 48.6%. There was no impact from the application of accounting standards and other guidance on revenue recognition during the cumulative second quarter of the current consolidated fiscal year.」

    Against a backdrop of automation equipment projects for online retailers, wholesalers, consumer cooperatives and manufacturers, revenue from the logistics solutions business rose 28.0% and operating profit increased 48.6%.
  12. FY2022-Q1AdvancedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for online retailers, wholesalers, consumer cooperatives and manufacturers. As a result, revenue from this business was ¥7,748 million, up 32.3% year on year.」

    Against a backdrop of automation equipment projects for online retailers, wholesalers, consumer cooperatives and manufacturers, revenue from the logistics solutions business rose 32.3% year on year.
  13. FY2021AdvancedAnnual report

    「Demand for automation equipment has remained firm, driven by higher volumes for consumer cooperatives as stay-at-home demand increased amid the spread of COVID-19, as well as labor shortages. By contrast, demand for airport baggage-handling systems is expected to decline as the spread of COVID-19 reduces demand for equipment.」

    The drivers of logistics demand have expanded from online shopping and labor shortages to stay-at-home demand during the COVID-19 pandemic and higher volumes for consumer cooperatives, while airport-related demand is expected to decline.
  14. FY2021-Q3AdvancedAnnual report

    「Revenue was recognized primarily from warehouse automation projects incorporating the “Multi Shuttle” for consumer cooperatives and equipment projects for airports. As a result, revenue from this business was ¥19,982 million, up 0.9% year on year, while operating profit was ¥2,300 million, up 67.9%, reflecting higher revenue and improved profitability through stronger project management and other factors.」

    Revenue from the logistics solutions business rose 0.9%, driven mainly by Multi Shuttle projects for consumer cooperatives and equipment projects for airports, while operating profit increased 67.9%.
  15. FY2021-Q2WorsenedAnnual report

    「Revenue was recognized primarily from equipment projects for airports and warehouse automation projects incorporating the “Multi Shuttle” for distribution businesses. As a result, revenue from this business was ¥11,979 million, down 8.0% year on year, while operating profit was ¥1,158 million, up 51.5%, reflecting improved profitability through stronger project management and other factors.」

    Revenue recognition continued for automation equipment projects for airports and distribution businesses, but revenue from the logistics solutions business fell 8.0% year on year. Operating profit, however, rose 51.5% on improved profitability.
  16. FY2021-Q1AdvancedAnnual report

    「Revenue was recognized primarily from equipment projects for airports and warehouse automation projects incorporating the “Multi Shuttle” for consumer cooperatives, while operating profit increased due to expense reductions and other factors. As a result, revenue from this business was ¥5,858 million, up 20.1% year on year.」

    Revenue from the logistics solutions business rose 20.1% year on year, driven mainly by equipment projects for airports and Multi Shuttle projects for consumer cooperatives.
  17. FY2020-Q3AdvancedAnnual report

    「Revenue was recognized primarily from equipment projects for airports and warehouse automation projects incorporating the “Multi Shuttle” for retailers and consumer cooperatives. As a result, revenue from this business was ¥19,806 million, up 18.7% year on year, and operating profit was ¥1,369 million, up 1,625.6%, reflecting higher revenue and improved profitability on large projects.」

    Against a backdrop of automation equipment projects for airports, retailers and consumer cooperatives, revenue from the logistics solutions business rose 18.7%, while operating profit increased 1,625.6%.
  18. FY2020-Q2AdvancedAnnual report

    「Revenue was recognized primarily from equipment projects for airports and warehouse automation projects incorporating the “Multi Shuttle” for retailers and consumer cooperatives. As a result, revenue from this business was ¥13,021 million, up 24.3% year on year, and operating profit was ¥764 million, up 380.2%, reflecting higher revenue and improved profitability on large projects.」

    Against a backdrop of automation equipment projects for airports, retailers and consumer cooperatives, revenue from the logistics solutions business rose 24.3%, while operating profit increased 380.2% on improved profitability of large projects.
  19. FY2020-Q1AdvancedAnnual report

    「Revenue was recognized primarily from equipment projects for airports and warehouse automation projects incorporating the “Multi Shuttle” for retailers and consumer cooperatives. As a result, revenue from this business was ¥4,876 million, up 14.2% year on year, and operating loss was ¥75 million, compared with an operating loss of ¥183 million in the same quarter of the previous year.」

    Revenue from the logistics solutions business rose 14.2%, driven mainly by automation equipment projects for airports, retailers and consumer cooperatives. Specific projects reflecting this demand continue to materialize.
  20. FY2018AdvancedAnnual report

    「Demand for logistics-related equipment remains high in the Logistics Systems Business, driven by the expansion of online retail and labor shortages. Demand for airport equipment is also holding firm, partly because the number of overseas visitors to Japan is expected to increase further ahead of the 2020 Tokyo Olympic and Paralympic Games.」

    Against the backdrop of online retail, labor shortages and airport demand, revenue in the Logistics Systems Business rose 19.5% year on year and orders received rose 4.3%.
  21. FY2018-Q3AdvancedAnnual report

    「Revenue was generated from in-facility transport equipment incorporating the GTP: walk-free picking system using the Multi Shuttle, mainly for online retailers, among other factors. Revenue from this business was ¥20,190 million, up 38.7% year on year, while operating profit rose 14.1% to ¥1,458 million due to higher revenue.」

    Revenue in the Logistics Systems Business rose 38.7% and operating profit rose 14.1%, reflecting revenue recognition from equipment incorporating the Multi Shuttle and GTP: walk-free picking for online retailers.
  22. FY2018-Q2AdvancedAnnual report

    「In addition to online retail, which is on an expansionary trend, revenue was generated mainly from in-facility transport equipment projects incorporating the Multi Shuttle case automated storage system for food distributors, as well as equipment projects for airports. Revenue from this business was ¥13,823 million, up 51.0% year on year, while operating profit rose 42.6% to ¥1,111 million due to higher revenue.」

    Revenue in the Logistics Systems Business rose 51.0% year on year and operating profit rose 42.6%, supported by projects for online retailers, food distributors and airports.
  23. FY2018-Q1AdvancedAnnual report

    「Revenue was generated mainly from in-facility transport equipment projects incorporating the Multi Shuttle case automated storage system for online retailers, as well as equipment projects for airports. Revenue from this business was ¥4,756 million, up 32.8% year on year.」

    Revenue in the Logistics Systems Business rose 32.8% year on year, supported by Multi Shuttle projects for online retailers and equipment projects for airports.
  24. FY2017AdvancedAnnual report

    「In the Logistics Systems Business, demand for automation at logistics sites is increasing against the backdrop of labor shortages caused by the declining birthrate and aging population, and the online retail market in particular is expected to continue growing strongly. Demand for logistics systems is also on an expansionary trend, with increases in airport facility construction, expansion and renovation projects and information systems renewal projects driven by rising air travel demand.」

    Demand for logistics systems continued to expand against the backdrop of labor shortages, online retail and air travel demand, with revenue up 26.2% year on year and orders received up 45.3%.
  25. FY2017-Q3AdvancedAnnual report

    「Revenue was generated mainly from new-build projects for online retailers and the retail industry, as well as equipment projects for consumers' cooperatives. Revenue from this business was ¥14,560 million, up 24.3% year on year,」

    Cumulative revenue through the third quarter in the Logistics Systems Business rose 24.3% year on year, supported by projects for online retailers, retailers and consumers' cooperatives.
  26. FY2017-Q2AdvancedAnnual report

    「Revenue was generated mainly from new-build projects for online retailers and the retail industry, as well as equipment projects for consumers' cooperatives. Revenue from this business was ¥9,156 million, up 20.7% year on year.」

    Revenue in the first half of the Logistics Systems Business rose 20.7% year on year, supported by projects for online retailers and retailers.
  27. FY2017-Q1AdvancedAnnual report

    「Revenue was generated mainly from in-facility transport equipment projects incorporating the Multi Shuttle case automated storage system for online retailers, as well as equipment projects for consumers' cooperatives. Revenue from this business was ¥3,581 million, up 20.8% year on year.」

    Revenue in the Logistics Systems Business rose 20.8% year on year, mainly on projects involving the Multi Shuttle for online retailers and other projects, demonstrating the impact of expanding demand in the results.
  28. FY2016First statedAnnual report

    「Demand for logistics systems is expected to continue increasing, driven by the expansion of online retail due to the spread of smartphones and other factors, growing demand for airport facilities as the number of overseas visitors to Japan increases, and the expansion of logistics markets accompanying economic development in emerging Asian countries. Against this backdrop, expectations for technologies that deliver further efficiency gains, such as shorter delivery times, and labor-saving and labor-reducing technologies are rising further due to the decline in Japan's working-age population.」

    The company views online retail, airport demand and the expansion of logistics markets in emerging countries as growth opportunities, while converting the decline in the working-age population into demand for labor-saving solutions.
Moved together

"Improving the Profitability of Logistics Systems and Strengthening the Value Chain" moved the same way as this thread, in the same document, in 19 of its 32 moves.

191815885★123456
  1. ★This thread
  2. 1Improving the Profitability of Logistics Systems and Strengthening the Value Chain19×
  3. 2Setting the Dividend Payout Ratio and Total Shareholder Return Ratio18×
  4. 3Transition to a More Profitable Business Structure and Strengthening Competitiveness15×
  5. 4Launching New Businesses by Leveraging the Strengths of Existing Businesses8×
  6. 5Enhancing Order-Winning Capabilities and Expanding the Business Scope of the Machinery and Plant Business8×
  7. 6Response to Climate Change and the Decarbonization of Society5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Toyo Kanetsu K.K. yet. It last moved in the M&A and Subsidiary Changes of 2026-09-25: "Advanced".
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Growing Demand for Logistics Systems and Measures to Save Labor and Reduce Workforce Requirements | TOYO KANETSU K.K. (6369) | Komori