Financial summary
Overview of business results for the 114th term (ending March 2023)
| Actual results for the current period | Previous period results | Year-over-year basis(%) | |
|---|---|---|---|
| Consolidated sales | 194,165 | 192,699 | 0.8 |
| Consolidated operating profit | 12,643 | 9,098 | 39.0 |
| Consolidated ordinary income | 12,634 | 9,859 | 38.3 |
| Consolidated net income | 10,528 | 6,365 | 65.4 |
(Unit: million yen)
In the global economy during the fiscal year ended March 31, 2017, although economic activity continued to normalize, the pace of economic recovery slowed due to rising inflation due to labor shortages and soaring resource prices, as well as the accompanying monetary tightening policies in each country. did. In Japan as well, although a gradual recovery centered on personal consumption continued, it lacked strength and the future remained uncertain.
Under these circumstances, under the 7th Medium-Term Management Plan, which started in April last year, our group has come together as one to strengthen our business and management foundations with the aim of building a new form that is compatible with the next generation. We are proceeding with initiatives towards this goal.
In the logistics business, the handling of emergency cargo transport and the soaring freight rates that persisted in the first half gradually subsided in the second half, but the handling of both ocean and Air cargo remained steady overall. In the travel business, business travel and group travel remained on a recovery trend.
As a result, sales for the current fiscal year increased by 0.8% from the previous fiscal year to 194,165 million yen, operating income increased by 39.0% from the previous fiscal year to 12,643 million yen, and ordinary income increased from the previous fiscal year. Net income attributable to owners of parent increased by 65.4% to 10,528 million yen, an increase of 38.3% compared to the previous fiscal year to 13,634 million yen.
Business segment
Logistics business
Japan
In terms of air exports, the handling of machinery and equipment remained strong, and in terms of imports, the handling of automobile-related cargo contributed to profits. In terms of marine exports, handling of machinery and equipment and chemical products remained strong, while in terms of imports, handling of foodstuffs and miscellaneous goods was strong. In the warehouse business, food handling remained steady.
Asia
In Thailand, the handling of automobile-related cargo remained steady both by sea and air, and intra-Asia logistics became active. In Vietnam, in addition to automobile-related cargo, handling of home appliances and miscellaneous goods destined for Japan remained strong. In India, in addition to handling motorcycles, the handling of air exports of automobile-related cargo contributed to earnings.
China
In Hong Kong, sea exports of home appliances destined for North America remained steady in the first half of the year, but began to decline in the second half, and profits declined due to a decline in sea and air freight rates. In Shanghai, despite the impact of the lockdown, warehousing operations for home appliances and consumer goods remained steady.
Americas
In the United States, warehousing operations remained strong, and in the first half, handling of automobile-related cargo and air export of food-related cargo became active, and cross-border transport between Mexico and the United States and domestic sea import cargo due to port congestion Alternative transportation contributed to revenue. In the second half of the year, the volume of cargo handled, both for imports and exports, began to decline.
Europe
In Germany, the handling of home appliances remained strong, and the handling of automobile-related cargo contributed to earnings, while in Poland, warehousing operations and regional delivery operations remained steady. Last April, we focused on pharmaceutical logistics, such as acquiring GDP (*) certification, which sets quality control standards for pharmaceutical distribution, in Germany and France.
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GDP: Quality control standards for pharmaceutical distribution (Good Distribution Practice)
As a result, sales decreased by 0.7% from the previous fiscal year to 187,688 million yen, and segment profit (operating income) increased by 26.2% from the previous fiscal year to 11,826 million yen.
travel business
Business travel, our mainstay business, continued to recover, and services related to domestic and overseas organizations contributed to earnings.
As a result, sales increased by 111.7% compared to the previous fiscal year to 5,366 million yen, and segment loss (operating loss) was 14 million yen (compared to 1,053 million yen segment loss in the previous fiscal year). improved.
real estate business
Although there was a decrease in construction-related supervision work in the Keihin area, an increase in parking revenue due to the use of large tour buses due to the lifting of movement restrictions contributed to profits.
As a result, sales decreased by 5.6% from the previous fiscal year to 1,519 million yen, and segment profit (operating income) increased by 6.8% from the previous fiscal year to 816 million yen.
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