Returns on Capital Above the Cost of Capital and Improved Capital Market Valuation

「As measures to achieve management that remains conscious of the cost of capital and share price, as sought by the capital markets, the Company will continue to steadily implement the measures set out in the New Medium-Term Management Plan (2022–2026), with the aim of enhancing corporate value by expanding earnings in its logistics and real estate business segments.」

「The Company recognizes the importance of the cost of capital and returns on capital, and under its New Medium-Term Management Plan (2022–2026) has adopted a policy of seeking to improve key indicators by enhancing corporate value. It has established key financial targets including revenue, operating profit, ordinary profit, EBITDA (operating profit before depreciation and amortization), equity ratio and ROE. Although the key indicators have generally been improving, the Company recognizes that further improvement remains necessary in current levels of PBR and ROE and other indicators. It will continue working to achieve returns on capital above the cost of capital with the aim of improving its valuation in the capital markets.」