Investment in Logistics Facilities and Information Systems Using Retained Earnings

「During the consolidated fiscal year, the company made total capital expenditures of ¥4,340 million, mainly in the marine transportation business, including investments in intangible fixed assets as well as tangible fixed assets.」

「The main factors were an ¥870 million increase in construction in progress due to construction of new vessels and other work at consolidated subsidiary 豊前久保田海運株式会社, and a ¥70 million increase in investment securities reflecting higher market values of shares held, partly offset by a ¥292 million decrease in other current assets due to a decrease in consumption tax receivables, a ¥260 million decrease in land due to sales and the recognition of impairment losses, and a ¥253 million decrease in buildings and structures due to depreciation and other factors.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥5,573 million, mainly in the logistics business, including investments in intangible fixed assets as well as tangible fixed assets. The logistics business made total capital expenditures of ¥4,407 million, mainly for construction of the Yokohama Port Distribution Center.」

「To strengthen its logistics services, the company opened the Yokohama Port Distribution Center in Yokohama, Kanagawa Prefecture, and the Asakura Site of the hazardous-materials multi-workstation facility in Asakura, Fukuoka Prefecture, in September 2024.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥2,948 million, mainly in the logistics business, including investments in intangible fixed assets as well as tangible fixed assets. The logistics business made total capital expenditures of ¥2,920 million, mainly for construction of the Yokohama Port Distribution Center.」

「Total assets increased by ¥1,374 million from the end of the previous consolidated fiscal year to ¥38,919 million, up 3.7%. The main factors were a ¥2,141 million increase in other tangible fixed assets, mainly due to an increase in construction in progress related to construction of the new warehouse at the Yokohama Port Distribution Center, and a ¥1,029 million increase in notes and accounts receivable—trade, partly due to the end of the third quarter falling on a bank holiday, partly offset by a ¥2,014 million decrease in cash and deposits and a ¥357 million decrease in buildings and structures due to depreciation and other factors.」

「Cash outflows from investing activities amounted to ¥1,797 million, an increase of ¥1,560 million from the same quarter of the previous year. Although payments for the acquisition of intangible fixed assets decreased by ¥39 million, payments for the acquisition of tangible fixed assets increased by ¥1,289 million and payments for the acquisition of shares of affiliated companies increased by ¥214 million, among other factors.」

「Total assets increased by ¥922 million from the end of the previous consolidated fiscal year to ¥38,467 million, up 2.5%. The main factors were a ¥999 million increase in other tangible fixed assets, mainly due to an increase in construction in progress related to construction of the new warehouse at the Yokohama Port Distribution Center, and a ¥378 million increase in investment securities reflecting higher market values of shares held, partly offset by a ¥204 million decrease in cash and deposits and a ¥161 million decrease in notes and accounts receivable—trade.」

「For the Yokohama Port Distribution Center construction project, the company changed the planned investment amount from ¥3,488,000 thousand in the previous consolidated fiscal year to ¥3,807,000 thousand in the current consolidated fiscal year due to soaring fuel, materials and other costs.」

「As part of the execution of its business-portfolio strategy, the company advanced a plan to relocate the aging Yamashita Wharf Distribution Center to Honmoku Wharf to expand the warehouse business, which it had positioned as a growth business, and worked to improve the facility's utilization rate.」

「Total assets decreased by ¥426 million from the end of the previous consolidated fiscal year to ¥36,926 million, down 1.1%. The main factors were an ¥80 million increase in land under tangible fixed assets due to new land purchases and other factors, and a ¥63 million increase in investment securities reflecting the results of equity-method affiliates, partly offset by a ¥300 million decrease in cash and deposits and a ¥119 million decrease in vessels under tangible fixed assets due to depreciation.」

「As part of the execution of its business-portfolio strategy, the company is advancing a plan to relocate the Yamashita Wharf Distribution Center to Honmoku Wharf.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥1,238 million, mainly in the logistics business, including investments in intangible fixed assets as well as tangible fixed assets. The logistics business made total capital expenditures of ¥1,145 million, mainly for warehouse construction at the hazardous-materials multi-workstation facility.」

「As part of the execution of its business-portfolio strategy, the company is considering investments focused on growth businesses.」

「As part of the execution of its business-portfolio strategy, the company carried out expansion work on an indoor hazardous-materials storage facility at the hazardous-materials multi-workstation site in Kitakyushu, Fukuoka Prefecture, and completed the work on 1 October.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥1,711 million, mainly in the logistics business, including investments in intangible fixed assets as well as tangible fixed assets. The logistics business made total capital expenditures of ¥1,422 million, mainly for warehouse construction at the Ota Distribution Center.」

「The main factors were a ¥477 million decrease in other current assets, mainly due to a decrease in consumption tax receivables, and a ¥282 million decrease in buildings and structures under tangible fixed assets, mainly due to depreciation, partly offset by a ¥1,450 million increase in cash and deposits and a ¥293 million increase in other tangible fixed assets, mainly due to an increase in construction in progress related to the rebuilding of the Ota Distribution Center in Ota, Gunma Prefecture.」

「Buildings and structures under tangible fixed assets increased by ¥896 million as a result of warehouse construction and other work for the hazardous-materials multi-workstation facility opened in Kitakyushu, Fukuoka Prefecture, in April 2019.」

「Buildings and structures under tangible fixed assets increased by ¥471 million as a result of warehouse construction and other work for the hazardous-materials multi-workstation facility opened in Kitakyushu, Fukuoka Prefecture, in April 2019.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥1,414 million, mainly in the logistics business, including investments in intangible fixed assets as well as tangible fixed assets.」

「During the first nine months of the consolidated fiscal year, the company changed the planned investment amount for the hazardous-materials multi-workstation construction project, which had been under planning in the previous consolidated fiscal year, from ¥954,649 thousand to ¥1,502,562 thousand because it decided to begin construction not only of outdoor storage facilities, ambient-temperature hazardous-materials warehouses and an inland container depot, but also of general hazardous-materials handling facilities, temperature-controlled hazardous-materials warehouses and high-pressure gas storage facilities. Completion was scheduled for April 2019 for the outdoor storage facilities, ambient-temperature hazardous-materials warehouses and inland container depot, and for September 2019 for the general hazardous-materials handling facilities, temperature-controlled hazardous-materials warehouses and high-pressure gas storage facilities.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥1,391 million, mainly in the Other business, including investments in intangible fixed assets as well as tangible fixed assets.」

「During the consolidated fiscal year, the company made total capital expenditures of ¥820 million, mainly in the logistics business, including investments in intangible fixed assets as well as tangible fixed assets.」

「Retained earnings will be allocated to expanding logistics facilities and developing information systems for future business expansion, thereby strengthening the company's operating base.」