Proper inventory management and logistics cost reduction

「人件費や減価償却費の増加によりセグメント利益は△0百万円（前年同期は９百万円の営業利益）となりました。」

「Although personnel and electricity costs increased, the Company worked to improve operating efficiency, resulting in segment profit of ¥783 million, up 23.6% year on year.」

「保管料等の値上げや業務の効率化に努め、利益は増加しました。」

「During the interim consolidated accounting period, the Company raised storage and cargo-handling fees, but due to lower inbound volume, revenue was ¥3,940 million, down 1.6% year on year. Segment profit was ¥446 million, down 21.1% year on year, due to higher electricity and personnel costs.」

「In the refrigerated warehouse business, revenue was ¥8,026 million, up 5.2% year on year, due to higher storage-fee and cargo-handling-fee revenue. Although personnel costs and refrigerated warehouse repair expenses increased, the Company worked to reduce electricity and other costs, resulting in segment profit of ¥634 million, up 16.6% year on year.」

「In the cold-storage business, we will work to reduce costs by improving the efficiency of receiving, dispatching and cargo-handling operations through measures including the introduction of a truck reservation system and replacing refrigeration equipment with energy-efficient units, while making more efficient use of approximately 218,000 tons of frozen and refrigerated storage space in the Tokyo metropolitan area.」

「During the cumulative third quarter of the fiscal year, inbound volume declined, but higher inventory increased storage-fee revenue, while price increases raised unit prices. As a result, revenue was ¥5,884 million, up 4.3% year on year, and segment profit was ¥651 million, up 17.5% year on year, due in part to reductions in electricity consumption and other costs.」

「Under these circumstances, in the seafood wholesale business, the core business of our group, product unit prices increased, but the volume handled decreased due to lower landings of wild-caught popular fish and other species, leaving revenue at approximately the previous year’s level. Profit margins declined due to falling market prices for certain species and higher import costs resulting from the weaker yen. The refrigerated warehouse business performed steadily in both revenue and profit, supported by greater operating efficiency and higher storage fees. During the cumulative first quarter of the fiscal year, higher storage-fee revenue resulted in revenue of ¥1,913 million, up 14.8% year on year, and segment profit of ¥229 million, up 86.1% year on year.」

「The Company will continue to pursue efficient operations and promote the pass-through to prices of increases in operating expenses, including higher electricity costs, while working to increase revenue and profit.」

「The refrigerated warehouse business performed steadily, supported by higher inbound and outbound volumes and greater operating efficiency.」

「The refrigerated warehouse business performed steadily, supported by higher inbound and outbound volumes and the effects of greater operating efficiency, despite a decrease in inventory volume.」

「The refrigerated warehouse business performed steadily, supported by higher inbound and outbound volumes and the effects of greater operating efficiency.」

「The increases in operating profit and ordinary profit were attributable to an improvement in the gross profit margin in the seafood wholesale business, higher profit from the new cold-storage facility, a decrease in one-time expenses associated with the move to Toyosu, and the effects of expense reductions by the Management Reform Promotion Committee, among other factors.」

「During the cumulative third quarter of the fiscal year, the sales environment deteriorated due to the spread of COVID-19, but as a result of efforts to reduce costs, revenue was ¥137,441 million, down 4.6% year on year, and segment profit was ¥473 million, up 44.8% year on year.」

「The increases in operating profit and ordinary profit were attributable to an improvement in the gross profit margin in the seafood wholesale business, higher profit from the new cold-storage facility, a decrease in one-time expenses associated with the move to Toyosu, and the effects of expense reductions by the Management Reform Promotion Committee, among other factors.」

「As a result, our group’s revenue was ¥149,778 million, up 0.1% year on year. Due to an improvement in the gross profit margin and a substantial decrease in selling, general and administrative expenses, operating profit was ¥988 million, up 434.1% year on year, ordinary profit was ¥1,118 million, up 301.2% year on year, and quarterly net income attributable to owners of the parent was ¥475 million, compared with a quarterly net loss attributable to owners of the parent of ¥62 million in the previous year.」

「Stronger management of appropriate inventory levels and reductions in logistics and other costs」

「Despite efforts to reduce collection and sales expenses, personnel costs and other expenses, operating profit fell to ¥177 million, down 53.1% year on year, due to the decline in gross profit. Ordinary profit was ¥202 million, down 60.5% year on year, and quarterly net income attributable to owners of the parent was ¥8 million, down 80.4% year on year.」

「Under these circumstances, unstable landings of marine products resulted in sales of ¥46,797 million, down 5.9% year on year. Despite efforts to reduce collection and selling expenses, personnel expenses and other costs, operating profit fell 39.3% year on year to ¥163 million, ordinary profit fell 52.3% to ¥182 million, and profit attributable to owners of the parent fell 56.9% to ¥80 million, owing to the decline in gross profit.」

「In the refrigerated storage business, storage-fee revenue increased as inbound volumes and inventory increased. As a result, revenue was ¥1,254 million, up 3.6% year on year, and operating profit was ¥126 million, up 43.5% year on year, due in part to lower expenses resulting from reduced electricity costs.」

「Stronger management of appropriate inventory levels and reductions in logistics and other costs」