Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
850
Hundreds of millions of yenWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,025Target2,030Hundreds of millions of yen
Operating profit+0.2%
基準 2,025Target2,030Hundreds of millions of yen
ROE+5.0pt
基準 2,025Target2,030%
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planTargets under the Medium-Term Management Plan 2023–2025: consolidated operating revenue of ¥230 billion, consolidated operating profit of ¥18 billion, capital expenditures of ¥85 billion, and ROE of 7.0% → Fiscal 2025 results are expected to fall short: consolidated operating revenue of ¥195 billion, consolidated operating profit of ¥11 billion, capital expenditures of ¥63 billion, and ROE of 6.0%0.0%Calculated from the two disclosed figures
Total investment plan¥165 billion (cumulative for the period)
Investment amount by sectorField Growth Investment / Amount ¥125 billion, Field Infrastructure renewal investments / Amount ¥40 billion, Field Domestic operations / Amount ¥95.0 billion, Field Overseas business / Amount ¥30 billion, Field Logistics / Amount ¥100 billion, Field Real Estate Business / Amount ¥25 billion, Field DX (included in growth investments) / Amount ¥10 billion
Statements about the use of capital
Payout ratio / DOE policyFor fiscal 2026 through fiscal 2030, the Company will maintain annual dividends per share of at least ¥103 and pay dividends with a target dividend on equity (DOE) of 3.5%–4.5%.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyDuring the plan period from fiscal 2026 through fiscal 2030, the Company will conduct share buybacks flexibly, with a target scale of approximately ¥35 billion. Such buybacks will be subject to the Companies Act and other applicable laws and regulations, the amount available for distribution, and the necessary corporate approvals.
Key initiatives
01Realizing value-added logistics on a global scale
02Expanding the domestic logistics network by leveraging the Group’s collective capabilities
03Strengthening the real estate portfolio and creating synergies with the logistics business
04Creating Next-Generation Industries Through Open Innovation
05Creating human resources capacity for growth through DX and business process reviews
06Building a people and organizational culture where challenges and expectations for growth can flourish
07Building a robust management infrastructure that supports challenges for growth
08Promoting sustainability management integrating financial and non-financial aspects
Plan assumptionsBased on various premises and assumptions determined by the Company. Specific exchange rates, market growth rates, raw material prices and other information are not disclosed.
Segment targetSegment Consolidated / Consolidated operating revenue target Consolidated operating revenue target: ¥280 billion / Consolidated operating profit target ¥16 billion / Target fiscal year FY2030, Segment Logistics / Consolidated operating revenue target Consolidated operating revenue target: ¥264.6 billion / Consolidated operating profit target ¥18 billion / Target fiscal year FY2030, Segment Real Estate Business / Consolidated operating revenue target ¥16 billion / Consolidated operating profit target ¥6 billion / Target fiscal year FY2030, Segment Intersegment operating revenue / Consolidated operating revenue target -¥600 million / Consolidated operating profit target Not disclosed / Target fiscal year FY2030, Segment Adjustments / Consolidated operating revenue target Not disclosed / Consolidated operating profit target △¥8 billion / Target fiscal year FY2030
Non-financial targetsIndicator Scope 1 and 2 greenhouse gas emissions of the Company on a non-consolidated basis / Target value 50% reduction from fiscal 2018 / Timing By fiscal 2030, Indicator Employee engagement score / Target value Maintain at 3.5 or above / Timing FY2030
Risks identified by the company
Slower overall market growth due to population decline
Labor shortages
Tightening logistics resources
Global geopolitical risks
Changes in the trading environment
Post-pandemic inventory reduction
Recent cost increases
Rising construction costs
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2026-2030 |
| Plan period | Fiscal 2026–fiscal 2030 (5 years) |
| Progress against the plan | Formulated |
| Sales Target | Fiscal 2025 forecast: consolidated operating revenue of ¥195 billion → Fiscal 2030 target: consolidated operating revenue of ¥280 billion |
| Operating profit target | Fiscal 2025 forecast: consolidated operating profit of ¥11 billion → Fiscal 2030 target: consolidated operating profit of ¥16 billion |
| ROE target | Fiscal 2025 forecast: 6.0% → Fiscal 2030 target: 8.0% |
| Payout ratio / DOE policy | For fiscal 2026 through fiscal 2030, the Company will maintain annual dividends per share of at least ¥103 and pay dividends with a target dividend on equity (DOE) of 3.5%–4.5%. |
| Treasury share acquisition policy | During the plan period from fiscal 2026 through fiscal 2030, the Company will conduct share buybacks flexibly, with a target scale of approximately ¥35 billion. Such buybacks will be subject to the Companies Act and other applicable laws and regulations, the amount available for distribution, and the necessary corporate approvals. |
| Total investment plan | ¥165 billion (cumulative for the period) |
| Investment amount by sector | Field Growth Investment / Amount ¥125 billion, Field Infrastructure renewal investments / Amount ¥40 billion, Field Domestic operations / Amount ¥95.0 billion, Field Overseas business / Amount ¥30 billion, Field Logistics / Amount ¥100 billion, Field Real Estate Business / Amount ¥25 billion, Field DX (included in growth investments) / Amount ¥10 billion |
| Segment target | Segment Consolidated / Consolidated operating revenue target Consolidated operating revenue target: ¥280 billion / Consolidated operating profit target ¥16 billion / Target fiscal year FY2030, Segment Logistics / Consolidated operating revenue target Consolidated operating revenue target: ¥264.6 billion / Consolidated operating profit target ¥18 billion / Target fiscal year FY2030, Segment Real Estate Business / Consolidated operating revenue target ¥16 billion / Consolidated operating profit target ¥6 billion / Target fiscal year FY2030, Segment Intersegment operating revenue / Consolidated operating revenue target -¥600 million / Consolidated operating profit target Not disclosed / Target fiscal year FY2030, Segment Adjustments / Consolidated operating revenue target Not disclosed / Consolidated operating profit target △¥8 billion / Target fiscal year FY2030 |
| Non-financial targets | Indicator Scope 1 and 2 greenhouse gas emissions of the Company on a non-consolidated basis / Target value 50% reduction from fiscal 2018 / Timing By fiscal 2030, Indicator Employee engagement score / Target value Maintain at 3.5 or above / Timing FY2030 |
| Plan assumptions | Based on various premises and assumptions determined by the Company. Specific exchange rates, market growth rates, raw material prices and other information are not disclosed. |
| Key initiatives | Realizing value-added logistics on a global scale, Expanding the domestic logistics network by leveraging the Group’s collective capabilities, Strengthening the real estate portfolio and creating synergies with the logistics business, Creating Next-Generation Industries Through Open Innovation, Creating human resources capacity for growth through DX and business process reviews, Building a people and organizational culture where challenges and expectations for growth can flourish, Building a robust management infrastructure that supports challenges for growth, Promoting sustainability management integrating financial and non-financial aspects |
| Results under the previous plan | Targets under the Medium-Term Management Plan 2023–2025: consolidated operating revenue of ¥230 billion, consolidated operating profit of ¥18 billion, capital expenditures of ¥85 billion, and ROE of 7.0% → Fiscal 2025 results are expected to fall short: consolidated operating revenue of ¥195 billion, consolidated operating profit of ¥11 billion, capital expenditures of ¥63 billion, and ROE of 6.0% |
| Risks identified | Slower overall market growth due to population decline, Labor shortages, Tightening logistics resources, Global geopolitical risks, Changes in the trading environment, Post-pandemic inventory reduction, Recent cost increases, Rising construction costs |
| Publication date | 31 March 2026 |
Items this document does not state (8)
Operating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceReason for revision or withdrawalSize of the Target MarketDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To achieve growth by taking on the challenge of expanding the Group’s business domains as the final phase of its long-term vision, “Moving Forward to 2030.” The Group also aims to achieve its financial and non-financial targets by pursuing growth strategies and growth investments that will expand its business scale.
How to read this page
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