Financial summary
Overview of business performance for the 116th fiscal year (ending March 2025)
| Actual results for the current period | Previous period results | Year-over-year basis(%) | |
|---|---|---|---|
| Consolidated sales | 190,806 | 169,934 | 12.3 |
| Consolidated operating profit | 9,638 | 8,073 | 19.4 |
| Consolidated ordinary income | 10,446 | 9,463 | 10.4 |
| Consolidated net income | 10,854 | 8,649 | 25.5 |
(Unit: million yen)
During the consolidated fiscal year under review, the global economy remained stable in the United States, driven by robust personal consumption, while in China, exports supported the economy but it did not achieve a full-scale recovery. In Japan, the economy continued to recover slowly, but the outlook remained uncertain due to factors such as rising prices and the effects of exchange rate fluctuations.
Under these circumstances, our entire group is working together to steadily advance our efforts in Phase 2 of our Seventh Medium-Term Business Plan, which began in April of last year.
In the logistics business, the handling of ocean freight in Japan remained steady, and there were signs of partial recovery in Air cargo. Overseas, growth remained sluggish due to a delayed recovery in the volume of goods handled, but it started to pick up in the second half of the fiscal year. In the travel business, the handling of overseas group tours contributed to revenue, and the business performed well.
As a result, sales for the current consolidated fiscal year increased 12.3% year on year to 190,806 million yen, operating income increased 19.4% year on year to 9,638 million yen, ordinary income increased 10.4% year on year to 10,446 million yen, and net income attributable to owners of parent increased 25.5% year on year to 10,854 million yen.
Business segment
Logistics business
Japan
Handling of automobile-related cargo, food, chemicals, etc. was steady, and revenue progressed generally as planned. In ocean freight, handling of automobiles, machinery, and equipment for exports and food and miscellaneous goods for imports was steady, while handling of automobile-related cargo, machinery, and equipment, etc. for Air cargo contributed to revenue. In warehousing operations, handling of e-commerce-related cargo, which began in the second quarter, contributed to revenue and the business was steady.
Asia
The overall performance remained sluggish, with the handling of automobile-related cargo sluggish. In Thailand, both sea and Air cargo movements were sluggish, and the handling of export Air cargo in Vietnam also decreased. Domestic delivery operations of Finished Car in India were solid, contributing to profits in the Asia region.
China
Due to the effects of a delayed economic recovery, both sales and profits fell short of our targets. In Hong Kong, there were signs of recovery in the handling of export Air cargo, and in Shanghai, both sea and Air cargo were on the mend, but profit margins fell due to intensifying competition. At Nissin Sino-Japanese Transport, which became a consolidated subsidiary, the handling of exports of machinery and equipment and cargo related to the Osaka Expo contributed to profits.
Americas
Handling of automobile-related cargo, which had been sluggish until the second quarter, started to show signs of movement in the third quarter and was generally in line with plans for the full year. Revenue was supported by the handling of automobile-related cargo and warehousing operations in Mexico.
Europe
In Poland, warehousing operations performed well, driving the balance of payments, and performance exceeded the plan. In the UK, the balance of payments improved, and export operations of machinery and food products in Austria contributed to profits.
As a result, sales increased 11.8% year on year to 180,554 million yen, and segment profit (operating profit) increased 14.3% year on year to 7,658 million yen.
travel business
The mainstay of business travel continued to recover throughout the period, albeit slowly, and in group travel, the handling of overseas travel such as corporate incentive trips contributed to revenue.
As a result, sales increased 22.6% year on year to 8,849 million yen, and segment profit (operating profit) increased 65.7% year on year to 844 million yen.
real estate business
Thanks to our efforts to properly maintain and manage our owned real estate, our profitable rental real estate business in the Keihin area has progressed as planned, with performance remaining strong.
As a result, sales increased 14.8% year on year to 1,825 million yen, and segment profit (operating profit) increased 31.4% year on year to 1,119 million yen.
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