Accelerating business expansion in the Indochina region

「Overseas, we sought to steadily capture local demand based on our sales bases in each location where we operate. In Vietnam, we worked to deepen the operations of an equity-method affiliate to strengthen our cold-chain business. We also regarded the Indochina region as a single economic zone and promoted sales activities aimed at expanding demand for international multimodal transportation originating in Laos.」

「海外におきましては、東南アジアを軸に積極的な営業活動を進め、事業の強化を図りました。具体的には、各進出先における既存事業の収益性向上やベトナムでの事業領域の拡大に努めました。」

「Overseas, in light of international and economic conditions, we reviewed our sales structure through measures including the consolidation and closure of locations, while steadily capturing domestic demand in each location where we operate to stabilize earnings. We also worked to develop new transportation demand while flexibly responding to stagnating international overland cargo transportation within the Indochina region caused by policies and other factors.」

「Overseas, in light of changes in the business environment, we worked to establish an optimal sales structure and stabilize earnings, including by consolidating and closing locations. We also pursued new transportation demand while responding to stagnating international overland cargo transportation caused by policies and other factors in each location where we operate.」

「Overseas, in light of sluggish handling of import- and export-related cargo following the slowdown in the Chinese economy and other factors, we sought to capture domestic demand in each location where we operate and expand our business. At the same time, we worked to improve margins by streamlining operations and reducing costs.」

「Overseas, while cargo movements, particularly import- and export-related cargo, remained sluggish, we deepened transactions with customers to secure steady earnings. We also opened a new warehouse near Laem Chabang Port, Thailand's largest international trading port, developing an operating structure capable of meeting a broad range of logistics needs.」

「We also opened a new warehouse near Laem Chabang Port, Thailand's largest international trading port, developing an operating structure capable of meeting a broad range of logistics needs.」

「We also constructed a new warehouse near Laem Chabang Port, Thailand's largest international trading port, establishing a location capable of meeting a broad range of logistics needs.」

「We also implemented measures aimed at the next phase of growth, including constructing a new warehouse near Laem Chabang Port as a new sales base in Thailand.」

「We also promoted initiatives for the next phase of growth, including progressing with construction of a new warehouse in Thailand.」

「Overseas, although some regions continued to be affected by lockdowns and delayed recovery in demand, economic activity was generally returning to normal. In light of the improving business environment, we promoted sales activities aimed at capturing new demand while working to further strengthen existing operations.」

「Overseas, although the business environment improved with the resumption of economic activity, conditions remained challenging as concerns about the pandemic and supply chain disruptions persisted in some regions. We promoted sales activities while responding to these conditions and worked to strengthen cooperation with customers.」

「In addition, we decided to construct a new warehouse in Thailand to expand our business going forward.」

「Overseas, we promoted sales activities in a challenging business environment in Vietnam, where the pandemic spread rapidly and strict restrictions were imposed, forcing us to respond to the suspension of operations by customer companies and other developments. We also responded to growing demand for international overland transportation, centered on Thailand, amid tight supply and demand in ocean transportation caused by the container shortage.」

「Overseas, amid a challenging business environment resulting from the resurgence of the pandemic, we continued business activities while responding to regulatory measures in each region where we operate. In Vietnam and Thailand, in addition to working to stabilize operations at locations opened during the previous fiscal year, we pursued international overland transportation as an alternative to ocean transportation.」

「Overseas, while responding to stagnating international logistics caused by the resurgence of the pandemic and the global container shortage, we promoted sales activities in each operating region, including by working to stabilize operations at locations opened in Vietnam and Thailand during the previous fiscal year.」

「Overseas, while international logistics, including cross-border transportation, and import and export operations were stagnating because of the impact of the pandemic, we worked to strengthen our sales structure by expanding our locations in Vietnam and Thailand and promoted sales activities in each country.」

「Overseas, in Vietnam, we consolidated the functions of existing warehouses at the new warehouse built near Ho Chi Minh City and proceeded with developing our operating structure in the southern area. We also promoted sales activities in each country where we operate, including by commencing operations at a new location in Thailand.」

「Overseas, in Vietnam, we worked to develop our operating structure, including by opening a new warehouse near Ho Chi Minh City and consolidating the functions of existing warehouses.」

「We promoted active sales activities through collaboration among group companies and sought to expand international overland transportation in the Indochina region, including by launching transportation services between Myanmar and Cambodia, centered on Thailand.」

「Overseas, in Vietnam, we worked to stabilize operations at the new warehouse in Da Nang and proceeded with reorganizing our sales structure. We also promoted active sales activities, including by launching transportation services between Myanmar and Cambodia, centered on Thailand, and sought to expand international overland transportation in the Indochina region.」

「Overseas, in Vietnam, we opened a new warehouse in Da Nang and proceeded with preparations for the post-restructuring organization, working to stabilize operations. We also focused on expanding international overland transportation in the Indochina region, including by launching transportation services between Myanmar and Cambodia, centered on Thailand.」

「Overseas, in Vietnam's logistics and passenger vehicle transportation businesses, we worked to stabilize operations following organizational restructuring. We also promoted sales activities through group-wide collaboration, centered on Thailand, and focused on expanding our international overland transportation business in the Indochina region.」

「Overseas, while promoting the development of demand for international overland transportation in the Indochina region, we will enhance transportation networks in each country where we operate and work to strengthen our logistics services.」

「Overseas, in Vietnam's logistics and passenger vehicle transportation businesses, we carried out organizational restructuring and worked to strengthen our operating base. We also stepped up sales activities aimed at expanding our business in the Indochina region.」

「Overseas, in Vietnam's logistics and passenger vehicle transportation businesses, we carried out organizational restructuring with a view to future business development. We also promoted sales activities aimed at expanding our business in the Indochina region.」

「Overseas, in Vietnam's passenger vehicle transportation business, we focused on the smooth launch of the new companies and proceeded with organizational restructuring. We also promoted sales activities aimed at expanding our business in the Indochina region.」

「In Vietnam, as the contract period with the joint venture partner in the passenger transportation business approached its expiration, the Company established new companies in Hanoi and Ho Chi Minh City with a view to the future development of that business. It also established a new company in Thailand to accommodate business expansion, thereby developing its operating structure in the Indochina region.」

「Overseas, the Company promoted sales activities to expand its business in the Indochina region, mainly in Vietnam and Thailand.」

「Overseas, the Company promoted sales activities to expand its business in the Indochina region, mainly in Vietnam and Thailand.」

「The Company proceeded with building an international overland transportation network in the Indochina region by entering Cambodia through the establishment of consolidated subsidiary LOGITEM(CAMBODIA)CO.,LTD. in June 2016 and opening a representative office in Bangkok, Thailand, in November 2016 to strengthen coordination within the Group in the region.」

「In addition to entering Cambodia and expanding its sites in June 2016, the Company opened a representative office in Bangkok, Thailand, in November 2016 to strengthen coordination within the Group, and worked to build an international overland transportation network in the Indochina region.」

「The Company also established the local subsidiary LOGITEM (CAMBODIA) CO.,LTD. in the Kingdom of Cambodia in June 2016 and worked to expand its network in the Indochina region.」

「Overseas, the Company expanded its food-related logistics business, mainly in Vietnam, and worked to expand its network in the Indochina region, including by establishing the local subsidiary LOGITEM (CAMBODIA) CO.,LTD. in the Kingdom of Cambodia in June 2016.」

「Overseas, as Japanese logistics companies accelerate their expansion, the Company will work to build a strong business base in the countries where it operates, including by expanding its sites, to secure a stronger competitive position in logistics across the Indochina region.」