Overseas Business Expansion

「Within international cargo handling operations, revenue from the international business declined because volumes handled of automotive-related cargo for Central Asia decreased due to changes in the arrangement model, while volumes handled of liquid-transport-related cargo using flexitanks fell significantly.」

「Within international cargo handling operations, revenue from the international business declined as volumes handled of automotive-related cargo for Central Asia, as well as imports and exports to priority regions including South America, Southeast Asia, the Middle East and Europe and liquid-transport-related cargo, decreased.」

「For cargo related to Russia and Central Asia, handling volumes of production-related and consumer-goods-related cargo to Russia continued to decline due to the situation in Ukraine and other factors. Handling volumes of automotive-related cargo to Central Asia declined in some areas due to the impact of containers remaining at the border with China, while handling volumes of automotive-related cargo and consumer-goods-related cargo to other areas and ODA projects also declined.」

「For cargo related to Russia and Central Asia, handling volumes of production-related and consumer-goods-related cargo to Russia continued to decline due to the situation in Ukraine and other factors. Handling volumes of automotive-related cargo to Central Asia declined in some areas due to containers remaining at the border with China, while handling volumes of automotive-related cargo and consumer-goods-related cargo to other areas, as well as ODA projects, increased.」

「For cargo related to Russia and Central Asia, handling volumes of production-related and consumer-goods-related cargo to Russia continued to decline due to the situation in Ukraine and other factors. Handling volumes of automotive-related cargo to Central Asia and equipment-related transport remained at approximately the previous year’s level.」

「As TANDEM GLOBAL LOGISTICS (NL) B.V. became more significant during the current first quarter of the consolidated fiscal year, the company has included it within the scope of application of the equity method.」

「This investment consists of subscribing to a rights offering to be conducted by NL to expand its business, and is intended to strengthen the Group’s logistics services in Europe. Before the additional investment: €264,000, equity interest 33%; after the additional investment (payment date: 9 May 2023): €1,702,800, equity interest 33%.」

「In the logistics business, international export cargo volumes increased after handling of a new route to Africa began in November last year.」

「For cargo related to Russia and Central Asia, handling volumes of production-related and consumer-goods-related cargo to Russia continued to decline due to the situation in Ukraine and other factors. Meanwhile, handling volumes of automotive-related cargo to Central Asia and new transport projects continued to increase. Handling volumes for liquid transport operations, equipment transport projects to Europe and transport projects to North America also increased, and overall profitability improved amid higher freight rates, including the impact of foreign exchange movements.」

「In the logistics business, international cargo volumes of imported containers increased as the stagnation of economic activity eased, despite the impact of the COVID-19 lockdown in Shanghai. Although the effects of port congestion continued, export cargo volumes to Southeast Asia remained firm, and ocean container volumes increased overall. For cargo related to Russia and Central Asia, handling volumes of production-related cargo to Russia continued to decline due to the impact of COVID-19, the situation in Ukraine and other factors, but remained generally firm. Meanwhile, handling volumes of automotive-related cargo to Central Asia and new transport projects increased. Overall profitability improved due to increased handling volumes for liquid transport operations, equipment transport projects to Europe and transport projects to North America.」

「Profitability improved following the launch of liquid transport operations and equipment transport projects for Europe.」

「For cargo related to Russia and Central Asia, handling volumes of production-related cargo to both regions declined due to lower shipment volumes and postponed transport projects resulting from the impact of COVID-19 and other factors. Handling volumes of automotive-related and other cargo to Central Asia also declined amid logistics disruptions caused by tighter cross-border quarantine controls in China and container shortages. Meanwhile, container transport volumes of consumer-goods-related cargo to Russia remained firm, and handling volumes of ancillary work in Japan associated with cargo transport to the region increased.」

「In the logistics business, international export cargo volumes to Southeast Asia remained strong against a backdrop of recovering overseas economies, but overall handling volumes declined due to severe congestion at overseas ports and operational adjustments caused by bad weather on other routes. For cargo related to Russia and Central Asia, handling volumes of production-related cargo to both regions declined due to postponed transport and lower shipment volumes resulting from the impact of COVID-19 and other factors. Handling volumes of automotive-related cargo to Central Asia also declined amid logistics disruptions caused by tighter cross-border quarantine controls in China and container shortages. Meanwhile, container transport volumes of consumer-goods-related cargo to Russia remained firm, and handling volumes of ancillary work in Japan associated with cargo transport to the region also increased.」

「For cargo related to Russia and Central Asia, handling volumes of production-related cargo to both regions declined as transport projects were postponed and shipment volumes fell due to the impact of COVID-19 and other factors. Handling volumes of automotive-related cargo to Central Asia also declined against a backdrop of logistics disruptions caused by tighter cross-border quarantine controls in China and container shortages. Meanwhile, container transport volumes of consumer-goods-related cargo to Russia remained firm.」

「For cargo related to Russia and Central Asia, handling volumes of production-related cargo to both regions declined due to slower economic activity and other factors. Logistics also stagnated against a backdrop of tighter cross-border quarantine controls in China, causing handling volumes of automotive-related cargo to Central Asia to decline. Meanwhile, container transport volumes of consumer-goods-related cargo to Russia remained firm.」

「For cargo related to Russia and Central Asia, transport volumes of automotive-related cargo to Central Asia increased, while container transport volumes of consumer-goods-related cargo to Russia remained firm. On the other hand, handling volumes of production-related cargo declined due to delays in transport projects to Russia and lower volumes of integrated transport to Central Asia amid slower economic activity.」

「For cargo related to Russia and Central Asia, the company won new transport projects for Central Asia, while container transport volumes to Russia and Central Asia remained firm, including consumer-goods-related cargo.」

「For cargo related to Russia and Central Asia, container transport volumes to Russia, including consumer-goods-related cargo, remained firm despite signs of slowing in the Russian economy. Handling volumes of production-related cargo to Russia and Central Asia increased amid stronger demand for mineral resources.」

「For cargo related to Russia and Central Asia, handling volumes of consumer-goods-related cargo to Russia remained firm as the Russian economy continued its gradual recovery. Handling volumes of production-related cargo to Central Asia increased amid stronger demand for mineral resources.」

「For cargo related to Russia and Central Asia, handling volumes of consumer-goods-related cargo to Russia continued to increase as the Russian economy remained firm, although handling volumes of production-related cargo declined slightly. Handling volumes of production-related cargo to Central Asia increased amid stronger demand for mineral resources.」

「In the logistics business, international cargo volumes of export shipments to Indonesia and Hong Kong increased following the launch of a direct route. Although handling volumes of oilfield tubulars to Russia declined, volumes to Central Asia increased. Handling volumes of consumer-goods-related cargo also increased as the Russian economy remained firm.」

「In the logistics business, international cargo volumes of general consumer goods imported by ocean container remained firm. Handling volumes of export cargo to Indonesia and Hong Kong increased following the launch of a direct route to Southeast Asia in April last year, improving profitability. Although handling volumes of oilfield tubulars to Russia declined, volumes to Central Asia remained strong. In addition, handling volumes of consumer-goods-related cargo increased as the Russian economy continued to recover.」

「Although the number of vessel calls declined due to repeated typhoons, increased handling of export cargo to Indonesia and Hong Kong following the launch of a direct Southeast Asia route in April this year contributed to improved profitability. For cargo related to Russia and Central Asia, transport of oilfield tubulars, for which order volumes had increased from the second half of the previous fiscal year, remained strong in the second quarter, while handling volumes of consumer-goods-related shipments increased as the Russian economy continued to recover.」

「In the logistics business, international cargo volumes increased for ocean containers from China and Southeast Asia, as did handling volumes of cargo related to Russia and Central Asia. Ocean container volumes remained firm for imported final consumer goods, including furniture, clothing and daily necessities. Handling volumes of export cargo to Indonesia and Hong Kong also increased following the launch of a direct service to Southeast Asia, contributing to improved profitability. For cargo related to Russia and Central Asia, transport of oilfield tubulars, for which order volumes had increased from the second half of the previous fiscal year, remained strong in the first quarter, while handling volumes of consumer-goods-related shipments increased as the Russian economy continued to recover.」

「Profit growth in overseas operations, a priority area for expansion」

「In the logistics business, international cargo volumes increased for transport of oilfield tubulars to Russia, container transport within Russia and handling of ocean containers from China and Southeast Asia.」

「In the logistics business, international cargo volumes declined for shipments to Mongolia, while transport volumes of oilfield tubulars to Russia, container transport volumes within Russia and handling volumes of ocean containers from China and Southeast Asia increased. Following the additional acquisition of shares in Shanghai Longfei International Logistics Co., Ltd. on 27 September 2017, the company has included it within the scope of application of the equity method from the current second quarter of the consolidated fiscal year.」

「In the logistics business, international cargo volumes declined for shipments to Mongolia, while handling volumes of oilfield tubulars for Russia and ocean containers from China and Southeast Asia increased.」

「The Group has positioned the fiscal year ending March 2018 as an important bridging year connecting the “16 Medium-Term Management Plan” with the “Next Medium-Term Management Plan,” which begins in the fiscal year ending March 2019, toward achieving “Comprehensive Logistics Company AZUMA.” As the president’s key priorities for the year, the Group has identified “expanding operating revenue and improving the ordinary profit margin,” “improving unprofitable divisions,” “restructuring overseas subsidiaries” and “strengthening safety management,” and will work as one to enhance corporate value.」

「In the logistics business, international cargo volumes increased for shipments to Mongolia, while handling volumes of oilfield tubulars for Central Asia and Russia and ocean containers from China and Southeast Asia declined.」

「In the logistics business, international cargo volumes increased for shipments to Mongolia, while handling volumes of oilfield tubulars for Central Asia and Russia and ocean containers from China and Southeast Asia declined.」

「In the logistics business, international cargo volumes increased for new shipments to Mongolia, while handling volumes of oilfield tubulars for Central Asia and Russia and ocean containers from China and Southeast Asia declined.」

「② Expansion of overseas operations We will continue expanding into emerging overseas markets by leveraging our logistics networks in Russia and Mongolia, which are among our strengths, as well as the TANDEM GLOBAL LOGISTICS network.」