Azuma Shipping Co.,Ltd.

The Group consists of four business segments, centered on its logistics business: shipping, real estate and other businesses. It comprises 13 affiliated companies and 3 associated companies. Its business structure consists of logistics, shipping, real estate and other businesses, primarily providing port transport, cargo handling, warehousing, transportation, customs clearance and international multimodal transport services. Major affiliated companies include TAIHEIYO CEMENT CORPORATION, 近畿港運株式会社, アヅマ・ロジテック株式会社, SIAM AZUMA MULTI-TRANS CO.,LTD., 原田荷役株式会社, AZUMA TRANSPORT SERVICES (Thailand) CO.,LTD., 関東エアーカーゴ株式会社, タンデム・ジャパン株式会社, 東華貨運代理（青島）有限公司 and TANDEM SMART GLOBAL LOGISTICS B.V. The business structure chart lists the shipping, logistics, real estate and other businesses, as well as the affiliated companies. Specific examples during the fiscal year included the full-scale operation of the Yokohama Port Distribution Center, the hazardous materials multi-workstation facility and the Asakura site in the logistics business; the restructuring of unprofitable businesses; the collection of appropriate rates; impairment losses on assets; the construction and commencement of operation of a cement carrier in the shipping business; an increase in rental income from new lease agreements in the real estate business; and a resolution to cease operations at AZUMA FARM Mie in the other businesses. Segment revenue and profit were as follows. Revenue from the logistics business was ¥29,977,087 thousand, with segment profit of approximately ¥1,819,000 thousand. The shipping business generated revenue of ¥9,132,443 thousand and segment profit of approximately ¥4,881,000 thousand. The real estate business generated revenue of ¥777,896 thousand and segment profit of approximately ¥632,200 thousand. The other businesses recorded revenue of ¥260,946 thousand and an approximately ¥3,400 thousand increase in loss. Total revenue was ¥40,148,374 thousand and operating profit was ¥868,946 thousand. Financially, total assets were approximately ¥4,411,072,000,000, liabilities were approximately ¥25,477,515 thousand, net assets were approximately ¥18,632,911 thousand, cash and cash equivalents were ¥5,833,125 thousand, cash flow from operating activities was ¥2,130,318 thousand, cash flow from investing activities was -¥3,399,498 thousand, cash flow from financing activities was ¥1,388,139 thousand, and cash and cash equivalents at the end of the fiscal year were ¥5,833,125 thousand. The medium-term management plan covers fiscal 2024 through fiscal 2026, with targets for consolidated operating revenue of ¥44.0 billion and consolidated ordinary profit of ¥1.1 billion in the fiscal year ending March 2027. The Group's basic policy is to promote sustainability, including advancing ESG management, expanding information disclosure and promoting initiatives that leverage ICT.