Worth reading
68In 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
54.5
Operating profit growth rate (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+14.5%
基準 20,532Target23,500million
Operating profit+0.1%
基準 2,026Target2,029million
Operating profit margin+3.0pt
基準 2,026Target2,029%
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.
ROENot disclosed → 6.6% (fiscal year ending March 2029)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue 22,000 / operating profit 1,100 / operating margin 5.0% (plan for the fiscal year ending March 2026) → Revenue 20,532 / operating profit 1,035 / operating margin 5.0% (actual for the fiscal year ended March 2026)（Revenue -6.7% / operating profit -5.9% / operating margin 0.0 pt）-6.7%Calculated from the two disclosed figures
Total investment plan¥5,300 million (total investment in the construction of a new warehouse)
Investment amount by sectorField Growth Investment / Amount ¥2,600 million, Field Renewal investment / Amount ¥1,900 million
Statements about the use of capital
Payout ratio / DOE policyThe company will consider maintaining a consolidated dividend payout ratio of approximately 30% as a basic policy. The applicable period is the fiscal years ending March 2027 through March 2029, covered by the new medium-term management plan. DOE: Not disclosed.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 policyThe company will consider acquiring treasury shares. The acquisition limit, timing and conditions are Not disclosed.
Self-assessment of PBR and share priceThe company aims to improve its PBR and PER. It states that it will take the share price level and other factors into consideration, but the current PBR is Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01① Improving earnings power
02Expansion of domestic logistics hubs
03Maximizing the use of existing assets
04② Maximizing value added
05Development of high-value-added services originating from warehouses in the United States
06Optimization of pricing for ancillary services in Japan
07③ Expanding the scope of operations
08Deepening existing business areas
09Promotion of sustainability
10Cash Allocation
11Shareholder Returns
Plan assumptionsGrowth in e-commerce and small-lot cargo, Promotion of efficiency, labor saving and DX, Advances in semiconductor performance, Implementation of AI in society, Rebuilding the Supply Chain, Advances in factory automation, Growing demand for medical equipment due to population aging, Expansion of AI diagnostics and SaMD, Expansion of the AI market, Advances in 5G-Advanced, Progress toward 6G demonstrations, Cargo volumes reaching 3 million tonnes, Widespread adoption of next-generation fuel vessels
Segment targetSegment Domestic / Sales Target 21,500 (plan for the fiscal year ending March 2029) / Operating profit target Not disclosed, Segment United States / Sales Target 2,000 (plan for the fiscal year ending March 2029) / Operating profit target Not disclosed
Non-financial targetsIndicator Workforce capacity created through DX / Target value Equivalent to 5% / Timing Previous medium-term plan (fiscal years ending March 2024 to March 2026)
Risks identified by the company
Geopolitical risks: US-China tensions, instability in the Middle East, and fluctuations in global energy prices and transportation costs
Risk of contract cancellations and lost orders due to customers' supply-chain reviews
Decline in cargo volumes due to tighter export controls on semiconductors and advanced technologies
Decline in gross margin due to price increases
Foreign exchange risks: increased overseas profits due to yen depreciation and higher costs for imported materials
Decline in gross profit margin due to increased overseas export cargo volumes and soaring material costs
Environmental and policy risks: continued decline in the working-age population, tighter labor regulations and stronger decarbonization policies
Labor shortages due to intensifying competition for talent and pressure on profits from wage increases
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | Fiscal years ending March 2027 to March 2029 |
| Progress against the plan | Formulated |
| Sales Target | 20,532 (actual for the fiscal year ended March 2026) → 23,500 (plan for the fiscal year ending March 2029)（14.5%） |
| Operating profit target | 1,035 (actual for the fiscal year ended March 2026) → 1,600 (plan for the fiscal year ending March 2029)（54.5%） |
| Operating profit margin target | 5.0% (actual for the fiscal year ended March 2026) → 6.8% (plan for the fiscal year ending March 2029) |
| ROE target | Not disclosed → 6.6% (fiscal year ending March 2029) |
| Payout ratio / DOE policy | The company will consider maintaining a consolidated dividend payout ratio of approximately 30% as a basic policy. The applicable period is the fiscal years ending March 2027 through March 2029, covered by the new medium-term management plan. DOE: Not disclosed. |
| Treasury share acquisition policy | The company will consider acquiring treasury shares. The acquisition limit, timing and conditions are Not disclosed. |
| Self-assessment of PBR and share price | The company aims to improve its PBR and PER. It states that it will take the share price level and other factors into consideration, but the current PBR is Not disclosed. |
| Total investment plan | ¥5,300 million (total investment in the construction of a new warehouse) |
| Investment amount by sector | Field Growth Investment / Amount ¥2,600 million, Field Renewal investment / Amount ¥1,900 million |
| Segment target | Segment Domestic / Sales Target 21,500 (plan for the fiscal year ending March 2029) / Operating profit target Not disclosed, Segment United States / Sales Target 2,000 (plan for the fiscal year ending March 2029) / Operating profit target Not disclosed |
| Non-financial targets | Indicator Workforce capacity created through DX / Target value Equivalent to 5% / Timing Previous medium-term plan (fiscal years ending March 2024 to March 2026) |
| Plan assumptions | Growth in e-commerce and small-lot cargo, Promotion of efficiency, labor saving and DX, Advances in semiconductor performance, Implementation of AI in society, Rebuilding the Supply Chain, Advances in factory automation, Growing demand for medical equipment due to population aging, Expansion of AI diagnostics and SaMD, Expansion of the AI market, Advances in 5G-Advanced, Progress toward 6G demonstrations, Cargo volumes reaching 3 million tonnes, Widespread adoption of next-generation fuel vessels |
| Key initiatives | ① Improving earnings power, Expansion of domestic logistics hubs, Maximizing the use of existing assets, ② Maximizing value added, Development of high-value-added services originating from warehouses in the United States, Optimization of pricing for ancillary services in Japan, ③ Expanding the scope of operations, Deepening existing business areas, Promotion of sustainability, Cash Allocation, Shareholder Returns |
| Results under the previous plan | Revenue 22,000 / operating profit 1,100 / operating margin 5.0% (plan for the fiscal year ending March 2026) → Revenue 20,532 / operating profit 1,035 / operating margin 5.0% (actual for the fiscal year ended March 2026)（Revenue -6.7% / operating profit -5.9% / operating margin 0.0 pt） |
| Risks identified | Geopolitical risks: US-China tensions, instability in the Middle East, and fluctuations in global energy prices and transportation costs, Risk of contract cancellations and lost orders due to customers' supply-chain reviews, Decline in cargo volumes due to tighter export controls on semiconductors and advanced technologies, Decline in gross margin due to price increases, Foreign exchange risks: increased overseas profits due to yen depreciation and higher costs for imported materials, Decline in gross profit margin due to increased overseas export cargo volumes and soaring material costs, Environmental and policy risks: continued decline in the working-age population, tighter labor regulations and stronger decarbonization policies, Labor shortages due to intensifying competition for talent and pressure on profits from wage increases |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (5)
Net income targetROIC targetCost of capitalReason for revision or withdrawalSize of the Target Market
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.The company considers it important to translate changes in the business environment into increased cargo volumes and higher-value-added businesses. Strengthening the business foundation and improving profitability are the directions of the new medium-term management plan.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.