Expansion of Operations through Capital Investment and Operating Activities

「The Group has been implementing the 13th Medium-Term Management Plan, a three-year plan launched in April 2023, and the fiscal year ending March 2026 was its final year. In addition to strengthening existing businesses, the Group completed warehouses in Suzuka, Mie Prefecture; Kanda, Fukuoka Prefecture; Thailand; and Indonesia, and pursued capital investment, including the expansion of its logistics network.」

「This was mainly due to an increase of ¥5.354 billion in property, plant and equipment from acquiring land and buildings in Suzuka, Mie Prefecture, and Thailand, and progress in warehouse construction in Kanda, Fukuoka Prefecture, as well as an increase of ¥2.326 billion in investment securities due to fair value measurement and other factors. These increases were partly offset by a ¥2.494 billion decrease in intangible assets due to amortization of goodwill and customer-related assets.」

「This was mainly due to an increase of ¥10.007 billion in property, plant and equipment as warehouse construction progressed in Utsunomiya, Tochigi Prefecture; Kanegasaki, Iwate Prefecture; Tokai, Aichi Prefecture; and Suzuka, Mie Prefecture, and due to an increase in consolidated subsidiaries, and an increase of ¥15.260 billion in intangible assets due to goodwill increases from mergers and acquisitions, among other factors. These increases were partly offset by a ¥5.211 billion decrease in investment securities due to fair value measurement and other factors.」

「During the consolidated fiscal year, the Group acquired land and buildings in Matsuyama, Ehime Prefecture, and Ohio, United States; acquired warehouses in Miyoshi, Saitama Prefecture, and Koga, Ibaraki Prefecture; and acquired land for business sites in Lat Krabang, Thailand, and West Java, Indonesia, while pursuing active capital investment and sales activities. Capital investment during the consolidated fiscal year amounted to ¥23,139 million, primarily for acquiring sales vehicles and expanding the Group's own warehouses.」

「Property, plant and equipment amounted to ¥291.424 billion, an increase of ¥13.702 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥8.753 billion in property, plant and equipment from acquiring warehouses in Miyoshi, Saitama Prefecture, and Koga, Ibaraki Prefecture; acquiring land for a business site in Bekasi, West Java, Indonesia; and progress in warehouse construction in Utsunomiya, Tochigi Prefecture, as well as an increase of ¥4.852 billion in investment securities due to fair value measurement.」

「Property, plant and equipment amounted to ¥290.534 billion, an increase of ¥12.812 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥5.924 billion in property, plant and equipment from acquiring warehouses in Miyoshi, Saitama Prefecture, and Koga, Ibaraki Prefecture, as well as an increase of ¥6.969 billion in investment securities due to fair value measurement.」

「This was mainly due to an increase of ¥3.550 billion in property, plant and equipment as warehouse construction progressed in Utsunomiya, Tochigi Prefecture; Miyoshi, Saitama Prefecture; and Koga, Ibaraki Prefecture, as well as an increase of ¥4.442 billion in investment securities due to fair value measurement.」

「Meanwhile, the Company steadily implemented capital investment in line with the future business plans of its major customers. By preparing for the post-pandemic recovery in market conditions, including launching 6 new sales offices and 22 new warehouses across the Group, the Company has steadily, albeit gradually, built up its results in line with the recovery in demand.」

「Property, plant and equipment amounted to ¥271.847 billion, an increase of ¥7.028 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥7.558 billion in property, plant and equipment from acquiring warehouses in Kitakami, Iwate Prefecture; Iwanuma, Miyagi Prefecture; Ora, Gunma Prefecture; Atsugi, Kanagawa Prefecture; Hino, Shiga Prefecture; Suzuka, Mie Prefecture; and Shime, Fukuoka Prefecture, as well as acquiring land for business sites in Atsugi, Shime, Sendai, Miyagi Prefecture, Kanegasaki, Iwate Prefecture, and Koga, Ibaraki Prefecture.」

「Property, plant and equipment amounted to ¥272.113 billion, an increase of ¥7.293 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥7.919 billion in property, plant and equipment from acquiring warehouses in Kitakami, Iwate Prefecture; Iwanuma, Miyagi Prefecture; Ora, Gunma Prefecture; Atsugi, Kanagawa Prefecture; Hino, Shiga Prefecture; Suzuka, Mie Prefecture; and Shime, Fukuoka Prefecture, as well as acquiring land for business sites in Atsugi and Shime.」

「This was mainly due to an increase of ¥6.740 billion in property, plant and equipment from acquiring warehouses in Iwanuma, Miyagi Prefecture; Ora, Gunma Prefecture; Atsugi, Kanagawa Prefecture; Suzuka, Mie Prefecture; and Shime, Fukuoka Prefecture, as well as acquiring land for business sites in Atsugi, Kanagawa Prefecture, and Shime, Fukuoka Prefecture.」

「Property, plant and equipment amounted to ¥259.641 billion, an increase of ¥12.044 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥13.867 billion in property, plant and equipment from newly establishing and expanding warehouses in Yorii, Saitama Prefecture; Kani, Gifu Prefecture; Niigata, Niigata Prefecture; Ota, Gunma Prefecture; Takaoka, Toyama Prefecture; and Ibaraki, Osaka Prefecture; acquiring land for business sites in Tokai, Aichi Prefecture, and Ora, Gunma Prefecture; acquiring a building in Inzai, Chiba Prefecture, as a leased asset; acquiring income-producing real estate in Wako, Saitama Prefecture; and introducing testing equipment for a research and development building in Haga, Tochigi Prefecture.」

「Property, plant and equipment amounted to ¥253.328 billion, an increase of ¥5.731 billion from the end of the previous consolidated fiscal year. This was mainly due to an increase of ¥6.041 billion in property, plant and equipment from newly establishing and expanding warehouses in Yorii, Saitama Prefecture; Kani, Gifu Prefecture; and Niigata, Niigata Prefecture; acquiring a building in Inzai, Chiba Prefecture, as a leased asset; and introducing testing equipment for a research and development building in Haga, Tochigi Prefecture.」

「This was mainly due to an increase of ¥1.493 billion in property, plant and equipment from newly establishing and expanding warehouses in Yorii, Saitama Prefecture; Kani, Gifu Prefecture; and Niigata, Niigata Prefecture, and introducing testing equipment for a research and development building in Haga, Tochigi Prefecture, as well as an increase of ¥394 million in investment securities due to higher market values of shares held.」

「During the consolidated fiscal year, the Group newly established and expanded warehouses in Ebetsu, Hokkaido; Osaki, Miyagi Prefecture; Isesaki, Gunma Prefecture; Nagahama, Shiga Prefecture; Hino, Shiga Prefecture; and Setouchi, Okayama Prefecture, acquired rental and other real estate in Chuo, Tokyo, and acquired land for business sites in Utsunomiya, Tochigi Prefecture; Isesaki, Gunma Prefecture; Ota, Gunma Prefecture; Takaoka, Toyama Prefecture; and Ibaraki, Osaka Prefecture, while pursuing active capital investment and sales activities aimed at expanding its business.」

「This was mainly due to an increase of ¥14.228 billion in property, plant and equipment from expanding warehouses in Osaki, Miyagi Prefecture; Nagahama, Shiga Prefecture; and Hino, Shiga Prefecture, acquiring income-producing real estate in Chuo, Tokyo, and acquiring land for business sites in Utsunomiya, Tochigi Prefecture; Ibaraki, Osaka Prefecture; Isesaki, Gunma Prefecture; and Takaoka, Toyama Prefecture, as well as an increase of ¥2.564 billion in investment securities due to higher market values of shares held.」

「This was mainly due to an increase of ¥6.897 billion in property, plant and equipment from acquiring land for business sites in Utsunomiya, Tochigi Prefecture; Takaoka, Toyama Prefecture; Ibaraki, Osaka Prefecture; and Isesaki, Gunma Prefecture, expanding warehouses in Osaki, Miyagi Prefecture, and Hino, Shiga Prefecture, and introducing testing equipment for research and development in Haga, Tochigi Prefecture, as well as an increase of ¥1.384 billion in investment securities due to higher market values of shares held.」

「This was mainly due to an increase of ¥2.805 billion in property, plant and equipment from acquiring land for business sites in Utsunomiya, Tochigi Prefecture, and Takaoka, Toyama Prefecture; expanding a warehouse in Osaki, Miyagi Prefecture; and introducing testing equipment for a research and development building in Haga, Tochigi Prefecture, as well as an increase of ¥1.814 billion in investment securities due to higher market values of shares held.」

「During the consolidated fiscal year, the Group newly established warehouses in Nagahama, Shiga Prefecture; Kikuyo, Kumamoto Prefecture; and Inabe, Mie Prefecture in Japan, and in Thailand and Mexico overseas, while pursuing active capital investment and sales activities aimed at expanding its business.」

「Against this business environment, the Group newly established and expanded warehouses in Nagahama, Shiga Prefecture; Kikuyo, Kumamoto Prefecture; Inabe, Mie Prefecture; Thailand; and Mexico. As a result of its proactive capital investment and sales activities, revenue increased 2.1% year on year to ¥150.590 billion.」

「Against this business environment, the Group newly established and expanded warehouses in Nagahama, Shiga Prefecture; Kikuyo, Kumamoto Prefecture; Inabe, Mie Prefecture; and Thailand. As a result of its proactive capital investment and sales activities, revenue increased 6.3% year on year to ¥101.416 billion.」

「Against this business environment, the Group's revenue increased 7.4% year on year to ¥50.728 billion as a result of its proactive capital investment and sales activities.」

「Against this business environment, the Group newly established and expanded warehouses and work sites in Yorii, Saitama Prefecture; Utsunomiya, Tochigi Prefecture; Ichinomiya, Aichi Prefecture; and Sayama, Saitama Prefecture, and newly established a development center for its testing business in Hamamatsu, Shizuoka Prefecture. Overseas, it pursued active capital investment and sales activities aimed at expanding its business, including newly establishing and expanding warehouses in Thailand and China.」

「Against this backdrop, the Group's revenue increased 5.2% year on year to ¥147.557 billion, mainly as a result of its proactive sales activities and capital investment.」

「Against this backdrop, the Group's revenue increased 4.1% year on year to ¥95.367 billion, mainly as a result of its proactive sales activities and capital investment.」

「Against this backdrop, the Group's revenue increased 3.6% year on year to ¥47.220 billion, mainly as a result of its proactive sales activities and capital investment.」

「Against this business environment, the Group launched the three-year 11th Medium-Term Management Plan (Challenge11) on 1 April 2017 and worked to strengthen its corporate foundation, including reinforcing key areas and increasing the added value of its businesses, with the aim of strengthening its structure and expanding its business. In Japan, it newly established and expanded warehouses and work sites in Kani, Gifu Prefecture; Kikukawa, Shizuoka Prefecture; Hino, Shiga Prefecture; Isesaki, Gunma Prefecture; and Suzuka, Mie Prefecture. Overseas, it pursued active capital investment and sales activities, including expanding a warehouse in the United States.」

「Against this backdrop, the Group's revenue increased 5.0% year on year to ¥140.296 billion, mainly as a result of the effects of its proactive capital investment.」

「Against this backdrop, the Group's revenue increased 5.2% year on year to ¥91.581 billion, mainly as a result of the effects of its proactive capital investment.」

「Against this backdrop, the Group's revenue increased 5.0% year on year to ¥45.592 billion, mainly as a result of the effects of its proactive capital investment.」

「In Japan, the Group newly established and expanded warehouses and work sites in Mitsuke, Niigata Prefecture; Matsumoto, Nagano Prefecture; Suzuka, Mie Prefecture; Ogawa, Saitama Prefecture; Kikuyo, Kumamoto Prefecture; Hakusan, Ishikawa Prefecture; Ota, Gunma Prefecture; Yamatokoriyama, Nara Prefecture; and Kitahiroshima, Hokkaido. Overseas, it pursued active capital investment and sales activities aimed at expanding its business, including newly establishing a warehouse in Thailand.」

「Against this backdrop, the Group pursued active capital investment and sales activities aimed at expanding its business, including newly establishing and expanding warehouses and work sites in Mitsuke, Niigata Prefecture; Matsumoto, Nagano Prefecture; Suzuka, Mie Prefecture; Ogawa, Saitama Prefecture; Kikuyo, Kumamoto Prefecture; Hakusan, Ishikawa Prefecture; and Ota, Gunma Prefecture, as well as acquiring land in Yamatokoriyama, Nara Prefecture, and Kani, Gifu Prefecture.」

「Against this backdrop, the Group pursued active capital investment and sales activities aimed at expanding its business, including newly establishing and expanding warehouses and work sites in Mitsuke, Niigata Prefecture; Matsumoto, Nagano Prefecture; Suzuka, Mie Prefecture; Ogawa, Saitama Prefecture; and Kikuyo, Kumamoto Prefecture, as well as acquiring land in Yamatokoriyama, Nara Prefecture.」

「Against this backdrop, the Group pursued active capital investment and sales activities aimed at expanding its business, including newly establishing and expanding warehouses and work sites in Mitsuke, Niigata Prefecture; Matsumoto, Nagano Prefecture; and Suzuka, Mie Prefecture, as well as acquiring land in Yamatokoriyama, Nara Prefecture.」