Expansion of the Domestic Vehicle Transportation Platform and Ancillary Transportation Businesses

「In the vehicle transport business, the core business, new-vehicle transport volumes declined due to the sluggish domestic automotive market and weak performance by manufacturers for which the company handles new-vehicle transport. However, transport volumes increased year on year in the second half as the company strengthened its efforts to secure used-vehicle transport contracts. The continued increase in the unit price per vehicle from sales activities focused on gross profit also contributed, resulting in higher revenue from the vehicle transport business.」

「In the vehicle transport business, the core business, new-vehicle transport volumes declined due to the sluggish domestic new-vehicle sales market and weak performance by manufacturers for which the company handles new-vehicle transport. However, the company was unable to fully shift the resulting transport capacity to used-vehicle transport, and used-vehicle transport volumes also declined.」

「Although the implementation of driver working-hour regulations under the logistics industry’s 2024 issue was approaching, the company secured transport capacity by promoting driver job specialization, strengthening driver recruitment and increasing unit payments to partner companies, enabling it to maintain the number of contracted transport units.」

「Although the vehicle transport business, the core business, faced the implementation of driver working-hour regulations under the logistics industry’s 2024 issue, it secured transport capacity by promoting driver job specialization, strengthening driver recruitment and increasing unit payments to partner companies, enabling it to increase the number of contracted transport units.」

「Meanwhile, segment profit increased due to the rate revision implemented in the vehicle transport business in January 2024, the increase in pre-delivery inspection units in the maintenance business, the increase in requests from rental construction-equipment companies for construction-equipment transfers following the Noto Peninsula Earthquake, and the net addition of profit from 株式会社ソウイング following its consolidation as a subsidiary in November 2023. As a result, revenue from the domestic automotive-related business was ¥46,629 million, or 108.1% of the same quarter of the previous year, and segment profit was ¥4,428 million, or 123.1%.」

「Revenue from the domestic automotive-related business as a whole increased because, in the vehicle transport business, the core business, the number of contracted used-vehicle transport units increased as used-vehicle registrations and sales recovered despite disruption in the used-vehicle industry. Segment profit declined due to higher ocean freight costs, higher recruitment costs and labor costs per employee in response to rising consumer prices and the minimum wage amid an increase in the effective job-offers-to-applicants ratio for drivers following the end of the COVID-19 pandemic, as well as higher vehicle costs resulting from investment in transport equipment in anticipation of the shift to EVs.」

「Revenue from the domestic automotive-related business as a whole increased because, in the vehicle transport business, the core business, the number of contracted used-vehicle transport units increased as used-vehicle registrations and sales recovered despite disruption in the used-vehicle industry.」

「The vehicle transport business, the core business, reported higher revenue because the number of contracted vehicle transport units increased, mainly for used-vehicle and new-vehicle transport. The addition of revenue from 株式会社ゼロ・プラスIKEDA following its consolidation as a subsidiary also contributed, resulting in higher revenue for the domestic automotive-related business as a whole.」

「The number of contracted vehicle transport units increased, mainly for used-vehicle and new-vehicle transport, resulting in higher revenue.」

「The vehicle transport business, the core business, reported higher revenue because the number of contracted vehicle transport units increased, mainly for used-vehicle and new-vehicle transport. The consolidation of 株式会社ゼロ・プラスIKEDA as a subsidiary also contributed, as its revenue was added on a net basis, resulting in higher revenue for the domestic automotive-related business as a whole.」

「The vehicle transport business, the core business, reported higher revenue because the number of contracted vehicle transport units increased, mainly for used-vehicle transport and new-vehicle transport for NISSAN MOTOR CO.,LTD. and MITSUBISHI MOTORS CORPORATION.」

「The vehicle transport business, the core business, reported lower revenue because the number of contracted vehicle transport units declined as new-vehicle sales and used-vehicle registrations fell due to the semiconductor shortage. The maintenance business also reported lower revenue because the number of contracted pre-delivery inspections declined, resulting in lower revenue for the domestic automotive-related business as a whole.」

「The vehicle transport business, the core business, reported lower revenue because the number of contracted vehicle transport units declined as new-vehicle sales and used-vehicle registrations fell due to the semiconductor shortage. The maintenance business also reported lower revenue because the number of contracted pre-delivery inspections declined as new-vehicle sales fell, resulting in lower revenue for the domestic automotive-related business as a whole.」

「Our core vehicle transportation business posted lower revenue as the number of vehicles transported under contract declined with the decrease in new-vehicle sales and used-vehicle registrations. The maintenance business also posted lower revenue as the number of pre-delivery maintenance inspections under contract declined with lower new-vehicle sales, resulting in lower revenue for the automotive-related business as a whole.」

「Our core vehicle transportation business posted higher revenue as the number of vehicles transported under contract increased with the rise in new-vehicle sales and used-vehicle registrations.」

「In our core vehicle transportation business, used-vehicle transportation increased with the rise in used-vehicle registrations. However, new-vehicle transportation declined as sales fell at manufacturers for which we transport new vehicles under contract, and the number of pre-delivery maintenance inspections under contract also declined, resulting in lower revenue.」

「In our core vehicle transportation business, used-vehicle transportation increased with the rise in used-vehicle registrations. However, new-vehicle transportation declined as sales fell at manufacturers for which we transport new vehicles under contract, and the number of pre-delivery maintenance inspections under contract also declined, resulting in lower revenue.」

「Our core vehicle transportation business posted lower revenue as the number of vehicles transported and pre-delivery maintenance inspections under contract declined due to lower new-vehicle sales, in addition to a slight year-on-year decline in used-vehicle registrations.」

「In our core vehicle transportation business, we worked to expand revenue by starting finished-vehicle transportation for MITSUBISHI MOTORS CORPORATION in mid-August 2019 and actively pursuing sales to major used-vehicle specialists. However, revenue declined because revenue from NISSAN MOTOR CO.,LTD. fell with its lower sales, and the number of vehicles transported under contract also declined in the fourth-quarter consolidated accounting period due to lower new-vehicle sales.」

「Our core vehicle transportation business posted higher revenue despite a decline in revenue from NISSAN MOTOR CO.,LTD. due to lower sales, as the start of finished-vehicle transportation for MITSUBISHI MOTORS CORPORATION in mid-August 2019 and active sales efforts targeting major used-vehicle specialists contributed to growth.」

「Our core vehicle transportation business posted higher revenue following the start of finished-vehicle transportation for MITSUBISHI MOTORS CORPORATION in mid-August 2019, while used-vehicle exports to Malaysia remained strong, resulting in higher revenue for the automotive-related business as a whole. Accordingly, revenue from the automotive-related business was ¥3,308.6 million, or 106.3% of the prior-year quarter, and segment profit was ¥284.0 million, or 216.1%.」

「Our core vehicle transportation business posted higher revenue as the number of new and used vehicles transported under contract increased, following the start of finished-vehicle transportation for MITSUBISHI MOTORS CORPORATION in mid-August 2019 and some pre-demand ahead of a consumption tax hike, although it was smaller than at the time of the previous tax hike.」

「Although transportation rates were revised from January, this was insufficient to offset the decline in profit through the cumulative second-quarter consolidated period, and profit declined for the automotive-related business as a whole.」

「Following the completion of the formation of regional blocks in the vehicle transportation structure, we accelerated the reorganization of the transportation structure, including partner companies, with the aim of optimizing the operation of our nationwide logistics network, while continuing to pursue thorough cost control. Against a backdrop of lower load factors due to compliance with vehicle weight and size regulations, initiatives to reform work practices aimed at reducing total working hours, higher costs associated with relocating bases to establish an efficient logistics structure, higher labor and recruitment costs in response to a driver shortage, higher fuel costs, and increased vehicle costs resulting from adding equipment and addressing aging equipment, we increased transportation capacity in preparation for a consumption tax hike. As a result, profit declined for the automotive-related business as a whole.」

「In our core vehicle transportation business, we pursued sales activities in response to the consolidation of used-vehicle sales among new-vehicle dealers and major used-vehicle retailers to expand transactions involving new and used vehicles in Japan. However, revenue declined slightly due to the impact of natural disasters. Used-vehicle exports, meanwhile, posted higher revenue as the benefits of reviewing the sales strategy and rebuilding the operating structure emerged, resulting in higher revenue for the automotive-related business as a whole.」

「In our core vehicle transportation business, revenue increased as we reorganized the sales organization to promote customer, regional, and product strategies and implemented measures in response to the strengthening of used-vehicle operations by new-vehicle dealers and the expansion of major used-vehicle retailers, with the aim of expanding transactions involving new and used vehicles in Japan.」

「In our core vehicle transportation business, revenue increased as we reorganized the sales organization to promote customer, regional, and product strategies and implemented measures including customer development to expand transactions involving new and used vehicles in Japan. However, the increase was insufficient to offset the decline in revenue from used-vehicle exports resulting from a review of strategy and the reorganization of the operating structure, resulting in lower revenue for the automotive-related business as a whole.」

「We are reorganizing our transportation structure, including subsidiaries and partner companies, and working to optimize the operation of our nationwide logistics network and ensure thorough cost control.」

「We have been reorganizing our transportation structure, including subsidiaries and partner companies, with the aim of operating our nationwide logistics network optimally, while continuing to pursue thorough cost control and secure business performance.」

「As part of rebuilding our business base, we are forming regional blocks to assess the transportation capacity held by the group and optimize its allocation so that existing transportation resources can be used to maximum effect, while also expanding capacity by identifying new resources.」

「Although transactions involving used-vehicle transportation and maintenance expanded in the automotive-related business, our group’s main segment, revenue declined year on year due to the downturn in used-vehicle exports and the impact of lower new-vehicle sales by NISSAN MOTOR CO.,LTD., a major customer.」

「We will continue sales activities focused on profitability, transportation efficiency, and cost reduction, thereby strengthening the foundation of the domestic vehicle transportation business and expanding related transportation businesses,」