Full-scale development of the real estate management business

「Revenue was ¥517 million, down 4.5% year on year, due mainly to the reaction to property sales in the real estate business in the previous year. In addition, segment profit was ¥250 million, down 10.7%, due mainly to higher selling, general and administrative expenses.」

「The solar power generation business performed well, but due to the reaction to property sales in the real estate business in the previous year, revenue was ¥541 million, down 7.0% year on year, and segment profit was ¥280 million, down 15.6%.」

「The solar power generation business performed solidly, but revenue amounted to ¥277 million, down 14.6% year on year, and segment profit amounted to ¥155 million, down 21.4%, because the asset management business overall was affected by the absence of the previous year's property sales.」

「Although the solar power generation business was affected by the theft of copper wire cables, revenue from the sale of properties in the real estate business increased revenue. Revenue was ¥454 million, up 15.8% year on year, and segment profit was ¥264 million, up 16.9%.」

「Although the solar power generation business was affected by the theft of copper wire cables, revenue from the sale of properties in the real estate business increased revenue. Revenue was ¥325 million, up 18.6% year on year, and segment profit was ¥198 million, up 21.9%.」

「At ENEX Co., Ltd., a consolidated subsidiary of the Company, real estate rental income and real estate rental expenses had previously been recorded as “non-operating income” and “non-operating expenses,” respectively. From the current first quarter, the company changed the method of recording them to “revenue” and “cost of sales.” This change in presentation was made to more appropriately reflect the substance of the business, based on the policy of further enhancing corporate value by operating the real estate business, which had been operated as a non-core business in addition to the core logistics business, on a full-scale, planned basis.」

「Although a new property began operations in the real estate leasing business, revenue was roughly in line with the previous year at ¥369 million, up 0.1% year on year, because solar power generation was affected by insufficient sunlight and other factors. Segment profit amounted to ¥207 million, up 1.0%, because expenses declined.」

「Although a new property began operations in the real estate leasing business, revenue was roughly in line with the previous year at ¥258 million, up 0.7% year on year, because solar power generation was affected by insufficient sunlight and other factors. Segment profit amounted to ¥150 million, up 2.6%, because expenses declined.」

「Although a new property began operations in the real estate leasing business, revenue amounted to ¥131 million, down 1.3% year on year, because solar power generation was affected by insufficient sunlight and other factors. Meanwhile, segment profit amounted to ¥76 million, up 2.2%, because expenses declined.」

「Revenue from the real estate leasing business increased following the start of leasing at new properties. Revenue from the solar power generation business also increased because operating conditions remained solid. As a result, revenue from this business was ¥485 million, up 8.8% year on year, and operating profit was ¥263 million, up 15.2%.」

「Revenue from the real estate leasing business increased following the start of leasing at new properties. Revenue from the solar power generation business also increased because operating conditions remained solid. As a result, revenue from this business was ¥368 million, up 11.1% year on year, and operating profit was ¥205 million, up 18.8%.」

「Revenue from the real estate leasing business increased following the start of leasing at new properties. Revenue from the solar power generation business was approximately unchanged from the previous year because operating conditions remained solid. As a result, revenue from this business was ¥256 million, up 12.2% year on year, and operating profit was ¥146 million, up 18.6%.」

「Revenue from the real estate leasing business increased following the start of leasing at new properties. Revenue from the solar power generation business was approximately unchanged from the previous year because operating conditions remained solid. As a result, revenue from this business was ¥133 million, up 11.4% year on year, and operating profit was ¥74 million, up 15.3%. In addition, from the first quarter of the current fiscal year, following a change in the company organization aimed at operating the real estate business on a full-scale, planned basis and further enhancing corporate value, the reporting segments were changed from the previous four categories of “Oil Transportation,” “High-Pressure Gas Transportation,” “Chemical Products and Container Transportation,” and “Other” to the four categories of “Oil Transportation,” “High-Pressure Gas Transportation,” “Chemical Products and Container Transportation,” and “Asset Management.”」

「The Asset Management Division oversees the solar power generation business and aims to further enhance corporate value by operating on a full-scale, planned basis the real estate business, which it has operated as a non-core business, or non-operating income and expenses, in addition to its core logistics business. In line with this, we reviewed the reporting categories presented to the Board of Directors and changed the reporting segments from the fiscal year ending March 2022, from “Oil Transportation,” “High-Pressure Gas Transportation,” “Chemical Products and Container Transportation,” and “Other” to “Oil Transportation,” “High-Pressure Gas Transportation,” “Chemical Products and Container Transportation,” and “Asset Management.”」