Komori
Nagoya Railroad (9048) · InitiativeWorsenedLatest Earnings presentation (2026-08-10): "Mitigated"

Strengthening the Competitiveness and Profitability of Trucking Operations

First written in FY2016. 11 of 41 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-10.

41entries
11years
5from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseOtherFY2018-Q2 – FY2019-Q3OtherFY2020-Q1 – FY2021-Q32016: 320162017: 420172018: 420182019: 420192020: 320202021: 420212022: 520222023: 420232024: 320242025: 120252026: 62026
Same theme, other companies
Improving Profitability through Better Logistics OperationsA theme 53 companies write about · 1 as a headwind · 54 as a tailwind

The whole theme swung hardest in 2018: 2 of 22 companies on the "Worse" side.

0 other companies' latest entry also says "Mitigated".

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.
Showing 14 of the 53 companies compared. The sentences above are computed from all 53.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「Transportation operating revenue was ¥170.758 billion, down 5.2% year on year. The operating loss widened by ¥3.989 billion from the previous fiscal year to ¥7.711 billion due to deteriorating results in the trucking business.」

    Transportation revenue declined, and the operating loss widened from ¥3.721 billion in the previous fiscal year to ¥7.711 billion. Measures to improve profitability, including the consolidation and closure of facilities, reductions in outsourced service costs and adjustments to freight rates, are still underway.
  2. FY2026-H1WorsenedAnnual report

    「Transportation operating revenue was ¥85.312 billion, down 6.8% year on year, due to lower freight volumes in the trucking business. Operating results deteriorated by ¥5.888 billion from the previous year due to weaker trucking results, resulting in an operating loss of ¥4.837 billion.」

    Transportation revenue declined due to lower freight volumes, and operating results turned from a ¥1.051 billion profit in the previous year to a ¥4.837 billion loss. The trucking business posted an operating loss of ¥5.840 billion.
  3. FY2025-H1Revenue growth from newly consolidated subsidiary, but trucking remained loss-makingAnnual report

    「Transportation operating revenue was ¥91.581 billion, up 32.1% year on year, supported by revenue from a subsidiary newly consolidated during the period. Operating profit was ¥1.051 billion, up 5.7%, as higher profit in the marine transportation business more than offset deteriorating results in the trucking business.」

    The addition of the subsidiary to the consolidated group increased transportation revenue, while trucking results deteriorated, resulting in an operating loss of ¥227 million for the trucking segment.
  4. FY2024AdvancedAnnual report

    「In the trucking business, 名鉄運輸㈱ opened 名鉄トラックターミナル中部 in Konan, an integrated logistics facility combining the company's largest truck terminal and warehouse to serve as a multimodal hub meeting diverse transportation needs.」

    名鉄運輸 opened its largest integrated logistics facility, strengthening the competitiveness of its logistics hubs. Meanwhile, the transportation business reported lower profit due to higher personnel and fuel costs.
  5. FY2024-Q3AdvancedAnnual report

    「Since entering into the basic agreement, the company has held repeated discussions toward integrating the businesses. On 14 February 2024, the company entered into a business integration agreement with NXHD. As the first transaction, the company plans to transfer all issued shares of the target company from Nippon Express to Meitetsu Unyu on 1 April 2024 (予定). As the second transaction, it plans to transfer the rights and obligations relating to Nippon Express's target business in Japan from Nippon Express to Meitetsu Unyu through an absorption-type company split, with shares in Meitetsu Unyu as consideration, on 1 January 2025 (予定). Upon completion of the transaction, the company will hold 60% of Meitetsu Unyu's issued common shares and Nippon Express will hold 40%.」

    The planned integration of the special consolidated transportation businesses and other operations of 名鉄運輸 and 日本通運 progressed from a basic agreement to the execution stage for an agreement on the business integration. The company disclosed a plan to transfer all shares of the target company and carry out an absorption-type company split of the target businesses in two stages, resulting in post-integration ownership ratios of 60% and 40% for 名鉄運輸.
  6. FY2024-Q2Profit decline due to higher transportation revenue and outsourced service costsAnnual report

    「Transportation operating revenue was ¥69.347 billion, up 0.9% year on year, as higher revenue in the marine transportation business more than offset lower revenue in the international freight business of the trucking business. Operating profit, however, was ¥994 million, down 48.4%, due to higher personnel and fuel costs, as well as higher outsourced transportation costs in the trucking business.」

    Higher revenue in the marine transportation business lifted transportation revenue overall, while operating profit declined 48.4% year on year due to lower revenue in the international freight business and higher personnel, fuel and outsourced transportation costs.
  7. FY2024-Q1Transportation profit declineAnnual report

    「Transportation operating revenue was ¥34.245 billion, up 1.4% year on year, as higher revenue in the marine transportation business more than offset lower revenue in the international freight business of the trucking business. Operating profit, however, was ¥294 million, down 62.3%, due mainly to higher personnel and outsourced service costs.」

    Higher revenue in the marine transportation business lifted transportation revenue overall, while operating profit declined significantly due mainly to lower revenue in the trucking business's international freight operations and higher personnel and outsourced service costs.
  8. FY2023AdvancedAnnual report

    「In the trucking business, 名鉄運輸㈱ advanced cooperation with 日本通運㈱, its capital and business alliance partner, and began joint use of transportation networks and facilities with group companies in Nagano and Saga prefectures.」

    Joint delivery and shared use of facilities with 日本通運 began in Nagano and Saga prefectures, strengthening the competitiveness of the transportation network. Meanwhile, trucking operating profit declined due to higher fuel and personnel costs.
  9. FY2023-Q3Transportation revenue and profit growth, but continued decline in trucking profitAnnual report

    「Transportation operating revenue was ¥104.818 billion, up 2.2% year on year, due mainly to the recovery in passenger demand in the marine transportation business. Although higher personnel and fuel costs reduced profit in the trucking business, operating profit for the transportation business as a whole rose to ¥3.674 billion, up 10.6%, due to higher revenue in the marine transportation business.」

    The transportation business as a whole reported higher revenue and profit due to the recovery in passenger demand in the marine transportation business, while trucking operating profit was ¥2.212 billion, down 31.7% year on year.
  10. FY2023-Q2Transportation revenue and profit growth, but lower trucking profitAnnual report

    「Transportation operating revenue was ¥68.705 billion, up 3.3% year on year, due mainly to the recovery in passenger demand in the marine transportation business. Operating profit was ¥1.928 billion, up 14.7%, as revenue growth more than offset higher personnel and fuel costs.」

    The transportation business as a whole reported higher revenue and profit due mainly to the recovery in passenger demand in the marine transportation business. Operating profit in the trucking business was ¥904 million, down 50.5% year on year.
  11. FY2023-Q1Profit decline despite transportation revenue growth due to higher fuel costsAnnual report

    「Transportation operating revenue was ¥33.758 billion, up 2.1% year on year, as the recovery in passenger demand in the marine transportation business more than offset lower revenue in the trucking business. Operating profit, however, was ¥780 million, down 12.3%, due mainly to higher fuel costs.」

    Transportation revenue increased due mainly to the recovery in passenger demand in the marine transportation business, while operating profit declined 12.3% year on year due mainly to higher fuel costs.
  12. FY2022AdvancedAnnual report

    「In the trucking business, the company conducted a tender offer (TOB) for 名鉄運輸㈱ to establish a more agile group management structure and strengthen profitability.」

    As a measure to strengthen the transportation business's competitiveness and profitability, the company conducted a TOB for 名鉄運輸, resulting in an ownership ratio of 70.12% after the tender offer.
  13. FY2022-Q3AdvancedAnnual report

    「At a meeting of its board of directors held on 7 February 2022, the company resolved to conduct a series of transactions under the Financial Instruments and Exchange Act aimed at taking 名鉄運輸株式会社 private by acquiring all of its shares through a tender offer for its common shares.」

    As a measure to strengthen the transportation business's competitiveness and profitability, the company resolved to conduct a tender offer aimed at acquiring all shares of 名鉄運輸 and taking it private.
  14. FY2022-Q3Continued transportation revenue and profit growth driven by the recovery in freight volumesAnnual report

    「Transportation operating revenue was ¥102.518 billion, up 5.8% year on year, as freight volumes recovered from the previous year, which was affected by COVID-19. Operating profit was ¥3.322 billion, up 60.6%, as higher revenue more than offset increased fuel costs.」

    The recovery in freight volumes increased transportation revenue, and operating profit also rose despite higher fuel costs.
  15. FY2022-Q2Transportation revenue and profit growth driven by the recovery in freight volumesAnnual report

    「Transportation operating revenue was ¥66.542 billion, up 7.4% year on year, as freight volumes recovered from the previous year, which was affected by COVID-19. Operating profit was ¥1.680 billion, as higher revenue more than offset increased fuel costs.」

    The recovery in freight volumes increased transportation revenue, and operating profit rose from ¥117 million in the previous year to ¥1.680 billion despite higher fuel costs.
  16. FY2022-Q1Transportation returned to profitability as freight volumes recoveredAnnual report

    「Transportation operating revenue was ¥33.077 billion, up 9.9% year on year, due mainly to the recovery in freight volumes from the previous year, which was heavily affected by COVID-19. Operating income improved by ¥1.280 billion from the previous year due to higher revenue, resulting in operating profit of ¥889 million.」

    Revenue increased as freight volumes recovered, and the business turned from an operating loss in the previous year to an operating profit.
  17. FY2021AdvancedAnnual report

    「In the trucking business, 名鉄運輸㈱ opened the 名鉄トラックターミナル関西 as a key Group terminal in western Japan and established an integrated hub to meet a wide range of transportation needs in the Kansai region.」

    The company opened a multimodal transportation hub in the Kansai region, strengthening its transportation network. However, the transportation business as a whole reported lower revenue and profit due mainly to pandemic-related declines in freight volumes.
  18. FY2021-Q3Continued declines in freight volumes, revenue and profit due to the impact of the pandemicAnnual report

    「Transportation operating revenue was ¥96.882 billion, down 8.7% year on year, due mainly to lower freight volumes resulting from the impact of COVID-19. Operating profit was ¥2.068 billion, down 61.5%, due to lower revenue.」

    Transportation revenue declined 8.7% year on year due mainly to lower freight volumes, and operating profit fell 61.5%. The business nevertheless remained profitable.
  19. FY2021-Q2Lower transportation revenue and significant profit decline due to lower freight volumesAnnual report

    「Transportation operating revenue was ¥61.941 billion, down 11.8% year on year, due mainly to lower freight volumes resulting from the impact of COVID-19. Operating profit was ¥117 million, down 96.9%, due to lower revenue.」

    Transportation revenue declined due mainly to lower freight volumes, and operating profit fell 96.9% year on year, although the business remained profitable.
  20. FY2021-Q1Lower freight volumes due to the impact of the pandemic led to lower transportation revenue and profitAnnual report

    「Transportation operating revenue was ¥30.102 billion, down 12.1% year on year, due mainly to lower freight volumes resulting from the impact of COVID-19. Operating income deteriorated by ¥1.931 billion from the previous year due to lower revenue, resulting in an operating loss of ¥390 million.」

    Transportation revenue declined due mainly to lower freight volumes, and the business posted an operating loss.
  21. FY2020-Q3Continued profit decline due to higher personnel and depreciation expensesAnnual report

    「Transportation operating revenue was ¥106.068 billion, up 1.7% year on year, driven mainly by higher freight rates in the trucking business. Operating profit, however, was ¥5.371 billion, down 6.6%, due to higher personnel and depreciation expenses.」

    Higher freight rates increased transportation revenue, while operating profit declined year on year due to higher personnel and depreciation expenses.
  22. FY2020-Q2Profit growth due to lower fuel costs and other factorsAnnual report

    「Transportation operating revenue was ¥70.237 billion, up 3.4% year on year, driven mainly by higher freight rates in the trucking business. Operating profit was ¥3.855 billion, up 9.7%, as revenue growth and lower fuel costs more than offset higher personnel and depreciation expenses.」

    In addition to revenue growth from higher freight rates, lower fuel costs contributed to higher transportation profit despite increased personnel and depreciation expenses.
  23. FY2020-Q1Profit decline due to higher personnel and depreciation expensesAnnual report

    「Transportation operating revenue was ¥34.249 billion, up 1.3% year on year, driven mainly by higher freight rates in the trucking business. Operating profit, however, was ¥1.541 billion, down 10.5%, due mainly to higher personnel and depreciation expenses.」

    Higher freight rates increased transportation revenue, while operating profit declined year on year due to higher personnel and depreciation expenses.
  24. FY2019AdvancedAnnual report

    「In the trucking business, 名鉄運輸㈱ advanced nationwide joint delivery and shared use of facilities with group companies in cooperation with 日本通運㈱, its capital and business alliance partner.」

    Nationwide joint delivery and shared use of facilities with 日本通運 expanded the scope of cooperation in the transportation business. Full-year revenue and profit increased, driven mainly by higher freight rates.
  25. FY2019-Q3Continued revenue and profit growth driven by higher freight ratesAnnual report

    「Transportation operating revenue was ¥104.292 billion, up 3.7% year on year, driven mainly by higher freight rates in the trucking business. Operating profit was ¥5.749 billion, up 8.3%, as revenue growth more than offset higher fuel and personnel costs.」

    Higher freight rates in the trucking business drove revenue and profit growth in the transportation business.
  26. FY2019-Q2Revenue and profit growth driven by higher freight ratesAnnual report

    「Transportation operating revenue was ¥67.921 billion, up 3.2% year on year, driven mainly by higher freight rates in the trucking business. Operating profit was ¥3.515 billion, up 2.6%, as revenue growth more than offset higher fuel and personnel costs.」

    Higher freight rates in the trucking business drove revenue and profit growth in the transportation business, with revenue growth absorbing the impact of higher fuel and personnel costs.
  27. FY2019-Q1Revenue and profit growth driven by higher freight rates and volumesAnnual report

    「Transportation operating revenue was ¥33.803 billion, up 4.6% year on year, driven mainly by higher freight rates and increased freight volumes in the trucking business. Operating profit was ¥1.722 billion, up 23.3%, as revenue growth more than offset higher fuel and personnel costs.」

    Higher freight rates and freight volumes drove revenue and profit growth in the transportation business. Revenue growth lifted profit despite higher fuel and personnel costs.
  28. FY2018Full-year revenue growth; operating profit flatAnnual report

    「Transportation operating revenue was ¥132.191 billion, up 1.8% year on year, due mainly to increased freight volumes and higher freight rates in the trucking business, while operating profit was ¥5.690 billion, up 0.0%, due to higher fuel and personnel costs.」

    Although higher freight volumes and freight rates increased revenue, operating profit was flat year on year due to higher fuel and personnel costs.
  29. FY2018-Q3Profit decline continued due to higher freight volumes and fuel costsAnnual report

    「Transportation operating revenue was ¥100.570 billion, up 1.9% year on year, mainly due to increased freight volumes in the trucking business, while operating profit was ¥5.310 billion, down 2.3%, due to higher fuel and personnel costs.」

    Higher freight volumes in the trucking business increased transportation revenue, while operating profit declined year on year due to higher fuel and personnel costs.
  30. FY2018-Q2Lower profit despite higher freight volumes and fuel costsAnnual report

    「Transportation operating revenue was ¥65.803 billion, up 1.5% year on year, mainly due to increased freight volumes in the trucking business, while operating profit was ¥3.426 billion, down 1.5%, due to higher fuel and personnel costs.」

    Although freight volumes increased in the trucking business, transportation operating profit declined year on year due to higher fuel and personnel costs.
  31. FY2018-Q1AdvancedAnnual report

    「In the truck business, the Meitetsu Unyu Group carried out an organisational restructuring in April this year to concentrate management resources in the Kanto and Kansai regions, thereby improving management efficiency. It also sought to expand its business scope and use management resources more effectively in cooperation with Nippon Express㈱, with which it entered into a capital and business alliance last April, by accepting delivery contracts and promoting the joint use of facilities.」

    The company is pursuing greater efficiency and competitiveness in the transportation business through organizational restructuring to concentrate management resources in the Kanto and Kansai regions, as well as delivery outsourcing and shared use of facilities with 日本通運.
  32. FY2017Full-year revenue and profit declinedAnnual report

    「Transportation operating revenue declined 1.6% year on year to ¥129.864 billion, due to repeated ferry cancellations in the marine transportation business because of typhoons and the company’s efforts to revise trucking contracts to prioritize profitability. Operating profit declined 8.7% to ¥5.689 billion, partly due to higher personnel costs.」

    While revising contracts to prioritize profitability, the transportation business recorded lower full-year revenue and operating profit.
  33. FY2017-Q3Lower handling volumes and weaker earningsAnnual report

    「Transportation operating revenue declined 1.9% year on year to ¥98.685 billion, partly due to repeated ferry cancellations in the marine transportation business because of typhoons and lower handling volumes in the trucking business following contract reviews with shippers. Operating profit declined 2.7% to ¥5.433 billion.」

    In the trucking business, handling volumes declined following contract reviews with shippers, resulting in lower transportation revenue and profit year on year.
  34. FY2017-Q2RestatedAnnual report

    「In the trucking business, 名鉄運輸㈱ made 信州名鉄運輸㈱ a wholly owned subsidiary in April this year, building a stronger collaborative framework, and sought to expand its business scope through a capital and business alliance with 日本通運㈱. It also newly established the Noda Branch in Noda, Chiba Prefecture, as a key hub in its route network to pursue active sales activities in the Kanto region.」

    The company is reiterating the previously disclosed measures to strengthen the transportation business, including making a company a wholly owned subsidiary, forming a capital and business alliance, and establishing the Noda Branch.
  35. FY2017-Q1AdvancedAnnual report

    「In April, 名鉄運輸㈱ made 信州名鉄運輸㈱ a wholly owned subsidiary through a share exchange, building a stronger collaborative framework, and sought to expand and enhance its business scope through a capital and business alliance with 日本通運㈱. In addition, it newly established the Noda Branch in Noda, Chiba Prefecture, as a key hub in 名鉄運輸 Group’s route network, to pursue more active sales activities targeting customers in the Kanto region.」

    The company disclosed specific measures to strengthen competitiveness and its sales base, including making 信州名鉄運輸 a wholly owned subsidiary, forming a capital and business alliance with 日本通運, and establishing the Noda Branch.
  36. FY2016First statedAnnual report

    「In the trucking business, 名鉄運輸㈱ and other companies continued efforts to collect appropriate freight rates.」

    The transportation business is being strengthened through the collection of appropriate freight rates, fleet renewal and the establishment of 名鉄運輸’s Noda Branch, among other measures.
Moved together

"Use of M&A and Alliances" moved the same way as this thread, in the same document, in 9 of its 40 moves.

999888★123456
  1. ★This thread
  2. 1Use of M&A and Alliances9×
  3. 2Expansion of High-Quality Rental Housing and the Real Estate Rental Platform9×
  4. 3Capital investment focused on railway infrastructure development9×
  5. 4Growth in operating profit and net income8×
  6. 5Transport Safety and Strengthening Transport Infrastructure8×
  7. 6Stimulating Transportation Demand and Enhancing Customer Convenience8×

★ 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
Nagoya Railroad's next results are scheduled for 2026-11-11. Read the earnings preview It last moved in the Earnings presentation of 2026-08-10: "Mitigated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.