Expansion and strengthening of existing businesses

「We will vigorously pursue the three key strategies set out in the medium-term management plan "Vision2027: Expansion of Business Domains," for which fiscal 2027 is the final year: advancing plans for next-generation logistics facilities, investing in ASEAN and reconstruction, with the aim of achieving ambitious performance targets.」

「Under these circumstances, the Group is vigorously pursuing the three key strategies set out in its medium-term management plan "Vision2027: Expansion of Business Domains," for which fiscal 2027 is the final year: advancing plans for next-generation logistics facilities, investing in ASEAN and reconstruction, with the aim of achieving ambitious performance targets. As a result, during the interim consolidated accounting period, operating revenue increased 3.3% year on year to ¥13,147 million, operating profit increased 8.8% to ¥590 million, ordinary profit decreased 3.1% to ¥573 million, and interim net income attributable to owners of the parent decreased 2.4% to ¥344 million.」

「③ Expansion and strengthening of existing businesses ・Expansion of logistics base functions ・Strengthening of the transportation division ・Strengthening overseas logistics operations, including long-distance ocean transportation originating from the expansion of ASEAN logistics ・Strengthening manufacturers' logistics ・Strengthening the customs clearance structure」

「Under these circumstances, the Group is pursuing initiatives for growth and research into strategic investments, including the expansion and strengthening of existing businesses through expanded logistics center functions, a stronger transportation division and stronger overseas logistics operations, as set out in its medium-term management plan "Vision2024: Challenge to Logistics Innovation," for which fiscal 2024 is the final year, as well as consideration of constructing next-generation logistics warehouses and rebuilding its core systems. As a result, during the interim consolidated accounting period, operating revenue increased 0.9% year on year to ¥12,731 million, while operating profit decreased 24.1% to ¥543 million, ordinary profit decreased 21.4% to ¥592 million, and interim net income attributable to owners of the parent decreased 25.4% to ¥352 million.」

「In the domestic logistics business, inbound and outbound volumes in warehouse operations declined from the same period of the previous year, but storage volumes and storage balances exceeded the same period of the previous year, resulting in an overall increase in warehouse operations. Port transportation handling operations and transportation operations also increased from the same period of the previous year, and both operating revenue and segment profit exceeded the same period of the previous year. Consequently, operating revenue increased 3.1% year on year to ¥15,539 million, and segment profit increased 25.3% to ¥1,434 million.」

「In the domestic logistics business, inbound and outbound volumes in warehouse operations declined from the same period of the previous year, but storage volumes and storage balances exceeded the same period of the previous year, resulting in an overall increase in warehouse operations. Port transportation handling operations and transportation operations also increased from the same period of the previous year, and both operating revenue and segment profit exceeded the same period of the previous year. Consequently, operating revenue increased 3.4% year on year to ¥10,245 million, and segment profit increased 24.2% to ¥940 million.」

「Under these circumstances, the Group is pursuing initiatives for growth and research into strategic investments, including the expansion and strengthening of existing businesses through expanded logistics center functions, a stronger transportation division and stronger overseas logistics operations, as set out in its medium-term management plan "Vision2024: Challenge to Logistics Innovation," for which fiscal 2024 is the final year, as well as consideration of constructing next-generation logistics warehouses and rebuilding its core systems. In the domestic logistics business, inbound volumes in warehouse operations declined slightly from the same period of the previous year, but outbound and storage volumes exceeded the same period of the previous year, resulting in an overall increase in warehouse operations. Port transportation and transportation operations also increased from the same period of the previous year, and both operating revenue and segment profit exceeded the same period of the previous year.」

「Under these circumstances, the Group is pursuing initiatives for growth and research into strategic investments, including the expansion and strengthening of existing businesses through expanded logistics center functions, a stronger transportation division and stronger overseas logistics operations, as set out in its medium-term management plan "Vision2024: Challenge to Logistics Innovation," for which fiscal 2024 is the final year, as well as consideration of constructing next-generation logistics warehouses and rebuilding its core systems.」

「Under these circumstances, the Group is pursuing initiatives for growth and research into strategic investments, including the expansion and strengthening of existing businesses through expanded logistics center functions, a stronger transportation division and stronger overseas logistics operations, as set out in its medium-term management plan "Vision2024: Challenge to Logistics Innovation," for which fiscal 2024 is the final year, as well as consideration of constructing next-generation logistics warehouses and rebuilding its core systems. During the first nine months of the fiscal year, domestic logistics remained strong, with cargo movements continuing to perform well and warehouse, port transportation and transportation operations all exceeding the same period of the previous year. In international logistics, ocean freight rates remained stable, while the effects of foreign exchange and cargo handling also remained solid. As a result, operating revenue, operating profit, ordinary profit and net income attributable to owners of the parent all exceeded the same period of the previous year.」

「Under these circumstances, the Group is pursuing initiatives for growth and research into strategic investments, including the expansion and strengthening of existing businesses through expanded logistics center functions, a stronger transportation division and stronger overseas logistics operations, as set out in its medium-term management plan "Vision2024: Challenge to Logistics Innovation," for which fiscal 2024 is the final year, as well as consideration of constructing next-generation logistics warehouses and rebuilding its core systems.」

「Under these circumstances, the Group is pursuing initiatives for growth and research into strategic investments, including the expansion and strengthening of existing businesses through expanded logistics center functions, a stronger transportation division and stronger overseas logistics operations, as set out in its medium-term management plan "Vision2024: Challenge to Logistics Innovation," for which fiscal 2024 is the final year, as well as consideration of constructing next-generation logistics warehouses and rebuilding its core systems.」

「Although the impact of the spread of COVID-19 on the Group's performance is unavoidable, the Group continued to pursue, as initially planned, the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in the medium-term management plan "Vision2021: Toward New Development," for which the current consolidated fiscal year is the final year, as well as strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region, despite delays in progress. In November 2021, the Group opened a new warehouse in Yokohama, Kanagawa Prefecture.」

「Although the impact of the spread of COVID-19 on the Group's performance is unavoidable, the Group continued to pursue, as initially planned, the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in the medium-term management plan "Vision2021: Toward New Development," for which the current consolidated fiscal year is the final year, as well as strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region, despite delays in progress. As a result, during the first six months of the fiscal year, operating revenue increased 5.6% year on year to ¥11,152 million, operating profit increased 145.7% to ¥464 million, and ordinary profit increased 113.9% to ¥519 million.」

「Regarding the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in the medium-term management plan "Vision2021: Toward New Development," for which the current consolidated fiscal year is the final year, as well as strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region, the Group continued to pursue these initiatives as initially planned despite delays in progress.」

「The Group aims to expand and grow profits by expanding and strengthening existing businesses, making strategic investments for growth and strengthening its internal structure,」

「Although the impact of the spread of COVID-19 on the Group's performance is unavoidable, the Group continued to pursue, as initially planned, the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in the ongoing medium-term management plan, "Vision2021: Toward New Development," as well as strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region, despite delays in progress.」

「Although the impact of the spread of COVID-19 on the Group's performance is unavoidable, the Group continued to pursue, as initially planned, the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in the ongoing medium-term management plan, "Vision2021: Toward New Development," as well as strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region, despite delays in progress.」

「Although the impact of the spread of COVID-19 on the Group's performance is unavoidable, the Group continued to pursue, as initially planned, the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in the ongoing medium-term management plan, "Vision2021: Toward New Development," as well as strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region, despite delays in progress.」

「The main factors behind the increase were the continued solid performance of handling volumes for coffee beans and other products during the current fiscal year and the contribution of the results of the newly constructed warehouse.」

「Under these circumstances, the Group actively worked to stabilize and strengthen its management base, including the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in its medium-term management plan, "Vision2021: Toward New Development," and strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region. During the first nine months of the fiscal year, handling of coffee beans and food products remained solid, as it had since the previous year, and warehouse and transportation operations increased, resulting in operating revenue above the same period of the previous year.」

「Under these circumstances, the Group actively worked to stabilize and strengthen its management base, including the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in its medium-term management plan, "Vision2021: Toward New Development," and strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region. As a result, during the first six months of the fiscal year, operating revenue increased 3.8% year on year to ¥11,998 million, operating profit increased 15.2% to ¥362 million, ordinary profit increased 10.1% to ¥369 million, and net income attributable to owners of the parent increased 60.7% to ¥235 million.」

「Under these circumstances, the Group actively worked to stabilize and strengthen its management base, including the expansion and strengthening of existing businesses through the stable operation of new warehouses in the northern Kanto region and overseas warehouses and stronger collection operations, as set out in its medium-term management plan, "Vision2021: Toward New Development," and strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region. In the domestic logistics business, operating revenue exceeded the same period of the previous year as warehouse and transportation operations increased due to higher cargo handling volumes, while port transportation handling operations at Kobe Port remained solid.」

「In the domestic logistics business, revenue increased due to higher inbound and outbound volumes and storage volumes for general cargo, reflecting increased handling of coffee beans, food products and other items, as well as increased cargo transportation handling operations and port transportation handling operations at Kobe Port. Operating revenue therefore exceeded the previous fiscal year.」

「In the domestic logistics business, handling volumes increased across warehouse operations, while port transportation handling operations at Kobe Port and elsewhere remained solid, resulting in operating revenue above the same period of the previous year. Segment profit also exceeded the same period of the previous year, despite expense increases related to major repairs at operating warehouses and other factors, owing to the solid performance of cargo handling volumes and other factors. Consequently, operating revenue increased 6.2% year on year to ¥15,146 million, and segment profit increased 13.5% to ¥1,074 million.」

「In the domestic logistics business, handling volumes increased in both general and refrigerated warehouse operations, and port transportation handling operations at Kobe Port and elsewhere remained solid, resulting in operating revenue above the same period of the previous year. Segment profit also exceeded the same period of the previous year, despite major repairs at operating warehouses and other work, owing to the solid performance of cargo handling volumes and other factors. Consequently, operating revenue increased 6.3% year on year to ¥9,864 million, and segment profit increased 7.4% to ¥639 million.」

「During the first quarter of the fiscal year, handling of coffee beans and food products increased, and port transportation handling operations at Kobe Port remained solid, resulting in operating revenue above the same period of the previous year. In the domestic logistics business, handling volumes increased in both general and refrigerated warehouse operations, while port transportation handling operations at Kobe Port also remained solid, resulting in operating revenue above the same period of the previous year.」

「Meanwhile, port transportation handling operations at Kobe Port increased, rental income from logistics facilities rose, and the results of the transportation company that became a consolidated subsidiary in the previous fiscal year contributed from the beginning of the period. As a result, operating revenue for the domestic logistics business as a whole exceeded the same period of the previous year. Segment profit also exceeded the same period of the previous year. Although subcontracting expenses increased in line with higher revenue and depreciation expenses for the new warehouse that began operations in the previous fiscal year increased, expenses such as re-storage and repair costs declined. Consequently, operating revenue increased 1.9% year on year to ¥14,256 million, and segment profit increased 7.8% to ¥946 million.」

「In the domestic logistics business, inbound volumes for general warehouse cargo increased from the same period of the previous year, but outbound volumes and storage volumes remained sluggish, and handling of customs clearance and other operations was below the same period of the previous year. However, inbound and outbound volumes for refrigerated warehouse cargo exceeded the same period of the previous year, port transportation handling operations at Kobe Port increased, rental income from logistics facilities rose, and the results of the transportation company that became a consolidated subsidiary in the previous fiscal year contributed from the beginning of the period. As a result, operating revenue for the domestic logistics business as a whole exceeded the same period of the previous year. Segment profit also exceeded the same period of the previous year, despite higher depreciation expenses due to the new warehouse that began operations in the previous fiscal year, owing partly to lower re-storage and repair expenses. Consequently, operating revenue increased 1.5% year on year to ¥9,280 million, and segment profit increased 7.4% to ¥595 million.」

「Under these circumstances, the Group actively worked to stabilize and strengthen its management base by expanding and strengthening existing businesses through stronger logistics services, such as distribution processing, as set out in its medium-term management plan, "Vision2018: Toward Tomorrow," and making strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region.」

「Distribution processing operations exceeded the previous fiscal year, partly due to the newly introduced sorting machines and other equipment. Leasing operations for logistics facilities also exceeded the previous fiscal year, supported by new lease agreements and other factors.」

「Under these circumstances, the Group actively worked to stabilize and strengthen its management base by expanding and strengthening existing businesses through stronger logistics services, such as distribution processing, as set out in its medium-term management plan, "Vision2018: Toward Tomorrow," and making strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region.」

「Under these circumstances, the Group actively worked to stabilize and strengthen its management base by expanding and strengthening existing businesses through stronger logistics services, such as distribution processing, as set out in its medium-term management plan, "Vision2018: Toward Tomorrow," and making strategic investments for growth, including the construction of new warehouses and investments in the ASEAN region.」

「Under these circumstances, the Group has actively worked to stabilize and strengthen its management base, including the expansion and strengthening of existing businesses through stronger logistics services, such as distribution processing, as set out in its medium-term management plan, "Vision2018: Toward Tomorrow,"」