Performance Trends in the Warehousing, Transportation, and International Freight Handling Businesses

「Operating revenue 5,842 5,642 199 3.5%」

「Revenue from the domestic logistics business was ¥22,516.437 million, up 0.1% year on year, and segment profit was ¥2,533.147 million, down 1.1%. Revenue from the international freight business was ¥5,350.568 million, up 3.0% year on year, and segment profit was ¥485.989 million, down 2.6%. Revenue from the real estate leasing business was ¥360.495 million, up 1.1% year on year, and segment profit was ¥153.238 million, up 0.1%.」

「Revenue increased slightly year on year, reflecting efforts to collect appropriate rates and develop new business. Operating profit decreased year on year, due in part to higher depreciation and personnel expenses.」

「Revenue from the domestic logistics business was ¥22,484.694 million, up 5.5% year on year, and segment profit was ¥2,560.485 million, up 15.8%. Revenue from the international freight business was ¥5,192.641 million, up 3.3% year on year, and segment profit was ¥498.822 million, up 4.1%. Revenue from the real estate leasing business was ¥356.654 million, down 0.2% year on year, and segment profit was ¥153.145 million, up 0.8%.」

「Revenue from the domestic logistics business was ¥11,269.089 million, up 5.0% year on year. Segment profit was ¥1,366.349 million, up 18.7%, reflecting higher freight volumes, the effects of pricing adjustments and the absence of the one-time costs incurred in the previous fiscal year for opening the Otsu Sales Office at the Shiga Branch.」

「Operating revenue from the domestic logistics business was ¥21,322.055 million, up 1.7% year on year, and segment profit was ¥2,211.715 million, down 0.5%. Operating revenue from the international freight business was ¥5,025.453 million, up 6.1%, and segment profit was ¥479.033 million, down 4.0%. Operating revenue from the real estate leasing business was ¥357.363 million, unchanged year on year, and segment profit was ¥151.909 million, down 14.1%.」

「Operating revenue from the domestic logistics business was ¥10,729.495 million, up 3.3% year on year, while segment profit was ¥1,151.207 million, down 8.5%, due to higher expenses related to the opening of the Otsu Sales Office at the Shiga Branch and higher outsourcing costs resulting from an increase in re-warehoused cargo. Operating revenue from the international freight business was ¥2,627.838 million, up 10.5%, partly due to the inclusion of Tespack Co., Ltd.'s results, and segment profit was ¥252.231 million, up 7.9%. Operating revenue from the real estate leasing business was ¥178.681 million, unchanged year on year, while segment profit was ¥76.952 million, down 14.1%, due to the newly incurred expense of fixed-asset taxes and other items.」

「Operating revenue from the domestic logistics business was ¥20,971.005 million, up 5.9% year on year, and segment profit was ¥2,327.113 million, up 1.8%. Operating revenue from the international freight business was ¥4,734.389 million, up 12.2%, and segment profit was ¥498.836 million, up 29.9%. Operating revenue from the real estate leasing business was ¥357.363 million, up 497.1%, and segment profit was ¥176.903 million, compared with a loss of ¥47.954 million in the year-earlier period.」

「Operating revenue from the domestic logistics business was ¥15,663.516 million, up 5.8% year on year, and segment profit was ¥1,778.832 million, up 3.3%, as higher operating costs, including increased power expenses due to surging electricity rates, were more than offset by revenue growth.」

「Operating revenue from the domestic logistics business was ¥10,383.239 million, up 6.0% year on year, and segment profit was ¥1,257.885 million, up 7.0%. Operating revenue from the international freight business was ¥2,377.362 million, up 16.6%, and segment profit was ¥233.865 million, up 22.6%, despite the impact of higher raw-material prices for packing materials and other items, owing in part to expanded business with existing customers and an increase in new customers. The real estate leasing business was newly classified as a reportable segment from the first quarter of the current fiscal year, following the start of leasing accommodation facilities in the Kyoto Umekoji district in March 2022. For the six months ended in the second quarter, operating revenue was ¥178.681 million and segment profit was ¥89.548 million.」

「Operating revenue from the domestic logistics business was ¥5,156.988 million, up 4.9% year on year, and segment profit was ¥636.218 million, up 5.9%.」

「Operating revenue from warehousing was ¥6,802.024 million, up 2.8% year on year, and segment profit was ¥1,294.096 million, up 12.1%. Operating revenue from transportation was ¥13,086.839 million, up 5.1%, and segment profit was ¥1,029.747 million, up 16.9%. Operating revenue from international freight handling was ¥4,217.719 million, down 39.8%, and segment profit was ¥384.007 million, down 5.6%.」

「In warehousing, the balance of stored goods declined year on year as inventory adjustments progressed, but inbound and outbound volumes and cargo turnover increased as cargo movements recovered. As a result, operating revenue was ¥5,043.623 million, up 1.2% year on year, and segment profit was ¥963.604 million, up 11.6%, supported by the provision of on-site cargo-handling services drawing on the company's logistics expertise, rate revisions and a review of the cargo mix. In transportation, handled volumes increased year on year as movements of stored cargo and domestic freight showed signs of recovery. As a result, operating revenue was ¥9,806.679 million, up 5.4%, and segment profit was ¥779.156 million, up 20.4%, partly due to rate revisions and more efficient cargo consolidation. In international freight handling, customs-clearance volumes increased year on year for both exports and imports, and packing volumes also increased due to overseas market conditions, although the growth rate has been slowing. As a result, operating revenue was ¥3,107.659 million, down 39.3%, and segment profit was ¥292.762 million, down 1.2%, partly due to some packed cargo remaining in storage because of the container shortage.」

「Operating revenue from warehousing was ¥3,352.014 million, up 0.8% year on year, and segment profit was ¥658.904 million, up 17.7%, supported by the provision of on-site cargo-handling services drawing on the company's logistics expertise, rate revisions and a review of the cargo mix. Operating revenue from transportation was ¥6,473.348 million, up 6.2%, and segment profit was ¥530.052 million, up 25.0%, partly due to rate revisions and more efficient cargo consolidation. Operating revenue from international freight handling was ¥2,038.554 million, down 39.8%, while segment profit was ¥190.704 million, up 4.2%, partly due to higher packing revenue.」

「In warehousing, the balance of stored goods was declining year on year, but inbound and outbound volumes and cargo turnover increased as cargo movements recovered. As a result, operating revenue was ¥1,672.994 million, up 1.4% year on year, and segment profit was ¥342.731 million, up 42.6%, supported by the provision of on-site cargo-handling services drawing on the company's logistics expertise, rate revisions and a review of the cargo mix. In transportation, handled volumes increased year on year as movements of stored cargo and domestic freight volumes showed signs of recovery. As a result, operating revenue was ¥3,261.708 million, up 6.4%, and segment profit was ¥264.967 million, up 18.5%, partly due to the effects of rate revisions. In international freight handling, customs-clearance volumes increased year on year for both exports and imports. Packing volumes also increased as overseas market conditions recovered. However, following the application of accounting standards for revenue recognition, the method of recognizing certain revenue was changed from gross to net. As a result, operating revenue was ¥1,008.654 million, down 42.3%, and segment profit was ¥87.987 million, down 0.9%.」

「Operating revenue from warehousing was ¥6,616.407 million, up 1.3% year on year, and segment profit was ¥1,154.495 million, up 39.5%. Operating revenue from transportation was ¥12,451.208 million, down 2.1%, and segment profit was ¥880.647 million, down 17.1%. Operating revenue from international freight handling was ¥7,001.818 million, down 5.0%, and segment profit was ¥406.983 million, down 12.5%.」

「In warehousing, inbound and outbound volumes remained below the year-earlier level, but cargo movements showed signs of recovery in the third quarter and cargo turnover was improving. As a result, operating revenue was ¥4,984.926 million, up 1.8% year on year, and segment profit was ¥863.467 million, up 42.0%, supported by the increase in stored goods, the provision of on-site cargo-handling services drawing on the company's logistics expertise, rate revisions and a partial review of the cargo mix. In transportation, handled volumes declined due to the stagnation of the domestic economy. As a result, operating revenue was ¥9,300.749 million, down 2.6%, and segment profit was ¥647.324 million, down 18.8%, partly due to inefficient operations in some areas resulting from lower cargo volumes. In international freight handling, import customs-clearance volumes continued to decline due to stagnant economic activity in Japan and overseas, while export volumes increased year on year as volumes recovered in the third quarter. Packing volumes declined, affected by weak overseas business expansion by customers. As a result, operating revenue was ¥5,122.745 million, down 9.5%, and segment profit was ¥296.404 million, down 19.9%, partly due to the decline in the higher-margin packing business.」

「① Warehousing In warehousing, inbound and outbound volumes and cargo turnover declined year on year, but the balance of stored goods increased through the use of re-warehousing providers. As a result, operating revenue was ¥3,325.215 million, up 2.0% year on year, and segment profit was ¥559.659 million, up 35.6%, supported by the increase in stored goods, rate revisions and a partial review of the cargo mix. ② Transportation Handled volumes declined due to the stagnation of the domestic economy. As a result, operating revenue was ¥6,094.477 million, down 3.7%, and segment profit was ¥423.928 million, down 20.0%, partly because lower cargo volumes resulted in some inefficient operations. ③ International freight handling Customs-clearance volumes declined for both exports and imports, partly due to stagnant economic activity in Japan and overseas. Packing volumes also declined sharply, affected by weak exports by customers. As a result, operating revenue was ¥3,386.680 million, down 12.8%, and segment profit was ¥182.935 million, down 29.5%, partly due to the decline in the higher-margin packing business.」

「In warehousing, inbound and outbound volumes and cargo turnover declined year on year, but the balance of stored goods increased through the use of re-warehousing providers. As a result, operating revenue was ¥1,649.536 million, up 1.1%, and segment profit was ¥240.263 million, up 16.2%, supported by the increase in stored goods, lower variable costs due to reduced cargo movements, and the effects of rate revisions. In transportation, handled volumes declined due to the stagnation of the domestic economy. As a result, operating revenue was ¥3,065.220 million, down 4.2%, and segment profit was ¥223.636 million, down 16.5%. In international freight handling, export customs-clearance volumes declined, while import volumes showed signs of recovery from the previous year's downturn. Packing volumes declined sharply, affected by lower exports. As a result, operating revenue was ¥1,747.160 million, down 9.1%, and segment profit was ¥88.743 million, down 34.7%, partly due to the decline in packing volumes.」

「Operating revenue from warehousing was ¥6,532.744 million, up 3.2% year on year, and segment profit was ¥827.822 million, up 10.3%. Operating revenue from transportation was ¥12,721.639 million, down 0.2%, and segment profit was ¥1,062.472 million, up 7.7%. Operating revenue from international freight handling was ¥7,366.992 million, up 0.9%, and segment profit was ¥465.254 million, down 5.8%.」

「In warehousing, inbound and outbound volumes and cargo turnover declined year on year, while the balance of stored goods increased slightly. As a result, operating revenue from warehousing was ¥4,897.744 million, up 2.9% year on year, and segment profit was ¥608.265 million, up 16.1%, partly because costs related to newly handled stored cargo incurred in the previous fiscal year were no longer incurred. In transportation, handled volumes declined and labor costs increased, but rate revisions, more efficient delivery and dispatch operations, and continued focus on sales activities resulted in operating revenue of ¥9,544.360 million, down 1.4%, and segment profit of ¥797.020 million, up 4.2%. In international freight handling, volumes handled by both the packing and customs-clearance businesses declined for imports and exports, but operating revenue rose to ¥5,660.899 million, up 2.0%, and segment profit was ¥369.929 million, down 1.5%, partly due to increased handling of triangular trade.」

「In warehousing, inbound and outbound volumes and cargo turnover declined year on year, while the balance of stored goods was broadly flat. As a result, operating revenue from warehousing was ¥3,260.954 million, up 3.0% year on year, and segment profit was ¥412.596 million, up 21.0%, partly because costs related to newly handled stored cargo incurred in the previous fiscal year were no longer incurred. In transportation, handled volumes declined and labor costs increased, but rate revisions, more efficient delivery and dispatch operations, and strengthened sales activities resulted in operating revenue of ¥6,331.469 million, down 1.2%, and segment profit of ¥530.030 million, up 2.4%. In international freight handling, packing volumes declined, but customs-clearance volumes increased for both imports and exports. As a result, operating revenue was ¥3,882.163 million, up 5.4%, and segment profit was ¥259.312 million, up 4.1%.」

「In transportation, handled volumes declined and fuel and labor costs increased, but the effects of rate revisions and more efficient delivery and dispatch operations emerged. As a result, operating revenue was ¥3,199.244 million, down 1.8% year on year, while segment profit was ¥267.867 million, up 5.7%.」

「Operating revenue from warehousing was ¥6,327.414 million, up 3.3% year on year, and segment profit was ¥750.774 million, down 3.8%. Operating revenue from transportation was ¥12,746.739 million, down 1.0%, and segment profit was ¥986.101 million, down 4.0%. Operating revenue from international freight handling was ¥7,301.087 million, up 1.8%, and segment profit was ¥493.974 million, up 1.5%.」

「① Warehousing Inbound and outbound volumes were broadly flat year on year in warehousing, while the balance of stored goods increased. However, operating expenses also rose sharply, partly because costs related to newly handled stored cargo were incurred ahead of revenue. As a result, operating revenue from warehousing was ¥4,761.732 million, up 3.9% year on year, and segment profit was ¥524.004 million, down 8.5%. ② Transportation Handled volumes declined, partly because of the industry-wide truck shortage, while fuel costs increased. As a result, operating revenue was ¥9,679.226 million, down 1.0%, and segment profit was ¥765.248 million, up 1.1%, partly due to the effects of negotiations to revise freight rates. ③ International freight handling Import customs-clearance volumes were broadly flat, while export volumes and packing volumes increased. As a result, operating revenue was ¥5,552.580 million, up 2.7%, and segment profit was ¥375.746 million, up 0.5%.」

「① Warehousing In warehousing, inbound and outbound volumes and the balance of stored goods increased year on year. However, operating expenses also rose sharply, partly because costs related to newly handled stored cargo were incurred ahead of revenue. As a result, operating revenue from warehousing was ¥3,166.647 million, up 4.0% year on year, and segment profit was ¥341.015 million, down 15.3%. ② Transportation Handled volumes declined, partly because of the industry-wide driver shortage, while fuel costs increased. As a result, operating revenue was ¥6,407.609 million, down 1.0%, and segment profit was ¥517.550 million, down 1.4%. ③ International freight handling Import customs-clearance volumes declined, but the volumes handled by the packing business and export customs-clearance volumes increased. As a result, operating revenue was ¥3,682.896 million, up 2.1%, and segment profit was ¥249.104 million, up 2.4%.」

「① Warehousing In warehousing, inbound and outbound volumes and the balance of stored goods increased year on year, while operating expenses also rose due in part to costs incurred for newly stored cargo. As a result, operating revenue from warehousing was ¥1,586.172 million, up 4.4% year on year, and segment profit was ¥200.311 million, down 5.2%. ② Transportation Handled volumes declined in transportation, while fuel costs increased. As a result, operating revenue was ¥3,258.016 million, down 1.2%, and segment profit was ¥253.503 million, down 4.8%. ③ International freight handling Import customs-clearance volumes declined, but the volumes handled by the packing business and export customs-clearance volumes increased. As a result, operating revenue was ¥1,845.737 million, up 1.7%, and segment profit was ¥132.435 million, up 8.6%.」

「In warehousing, inbound and outbound volumes and the balance of stored goods both increased from the previous fiscal year, but operating expenses also rose. As a result, operating revenue from warehousing was ¥6,125.769 million, up 3.1% year on year, and segment profit (operating profit) was ¥780.041 million, down 4.0%. In transportation, handled volumes declined from the previous fiscal year, but the company worked to collect appropriate rates. As a result, operating revenue was ¥12,878.287 million, up 2.0%, and segment profit (operating profit) was ¥1,027.234 million, up 1.4%.」

「① Warehousing In warehousing, inbound and outbound volumes and the balance of stored goods increased year on year, but operating expenses also rose. As a result, operating revenue from warehousing was ¥4,584.055 million, up 2.8% year on year, and segment profit was ¥572.822 million, down 2.3%. ② Transportation Handled volumes were broadly flat, but the company worked on appropriate pricing and other measures. As a result, operating revenue was ¥9,775.602 million, up 3.1%, and segment profit was ¥756.912 million, up 2.6%. ③ International freight handling Volumes handled by both the packing and customs-clearance businesses increased. As a result, operating revenue was ¥5,405.468 million, up 14.4%, and segment profit was ¥373.849 million, up 14.6%.」

「① Warehousing In warehousing, inbound and outbound volumes and the balance of stored goods increased year on year, but operating expenses also rose. As a result, operating revenue from warehousing was ¥3,044.122 million, up 2.1% year on year, and segment profit was ¥402.679 million, down 1.0%. ② Transportation Handled volumes increased in transportation. The company also worked to implement appropriate pricing. As a result, operating revenue was ¥6,471.896 million, up 3.4%, and segment profit was ¥524.684 million, up 9.6%. ③ International freight handling Volumes handled by both the packing and customs-clearance businesses increased. As a result, operating revenue was ¥3,607.813 million, up 14.0%, and segment profit was ¥243.377 million, up 10.0%.」

「In warehousing, inbound and outbound volumes and the balance of stored goods increased year on year, but operating expenses also rose. As a result, operating revenue from warehousing was ¥1,518.791 million, up 2.4% year on year, and segment profit was ¥211.392 million, down 3.2%. In transportation, handled volumes increased. As a result, operating revenue was ¥3,297.780 million, up 5.3%, and segment profit was ¥266.411 million, up 20.9%. In international freight handling, volumes handled by both the packing and customs-clearance businesses increased. As a result, operating revenue was ¥1,814.660 million, up 12.3%, and segment profit was ¥121.896 million, up 10.7%.」

「In warehousing, both inbound and outbound volumes and the balance of stored goods increased year on year. As a result, operating revenue from warehousing was ¥5,944.066 million, up 4.5% year on year, and segment profit (operating profit) was ¥812.572 million, up 0.8%. In transportation, handled volumes increased from the previous fiscal year, as the company focused on handling non-stored cargo and movements of stored cargo also increased. As a result, operating revenue was ¥12,631.955 million, up 4.8%, and segment profit (operating profit) was ¥1,013.471 million, up 6.2%. In international freight handling, the volume handled by the packing business declined, but customs-clearance volumes increased for both imports and exports. As a result, operating revenue was ¥6,260.681 million, up 1.1%, and segment profit (operating profit) was ¥431.616 million, up 13.6%.」

「In warehousing, inbound and outbound volumes and the balance of stored goods increased year on year, but outsourcing and other expenses also rose. As a result, operating revenue from warehousing was ¥4,460.078 million, up 5.0% year on year, and segment profit was ¥586.130 million, down 1.6%. In transportation, handled volumes increased year on year. As a result, operating revenue was ¥9,479.167 million, up 4.8%, and segment profit was ¥737.919 million, up 1.6%. In international freight handling, the volume handled by the packing business declined, but customs-clearance volumes increased for both imports and exports. As a result, operating revenue was ¥4,724.701 million, up 0.4%, and segment profit was ¥326.166 million, up 15.3%.」