Mitsubishi Logisnext Co., Ltd.

Business Details

The Domestic Business segment covers the domestic production and sale of logistics equipment centered on forklifts and maintenance parts, including sales of related products and maintenance parts. The domestic sales division works in coordination with the production and technology divisions to strengthen profitability through price optimization and the reorganization of directly affiliated sales companies. The domestic market has remained stable and solid, accounting for approximately 30% of consolidated net sales. The segment also serves as a manufacturing base responsible for supplying knock-down parts to North America.

Recent Overview

Orders remained solid, but sales and profit both declined slightly due to changes in distribution channels and reduced parts supply to North America

For the nine months ended December 2025 (FY2026, ending March 2026), Domestic Business net sales were ¥143,142 million (down 2.1% year on year), and segment profit was ¥2,975 million (down 3.3% year on year). While orders remained solid and price optimization measures had a positive effect, profit was pressured by the transfer of some products to the Overseas Business segment due to changes in distribution channels, as well as a decrease in the supply of knock-down parts to North America. Operating profit margin before amortization of goodwill etc. fell 0.4 percentage points to 4.2%, down from 4.6% in the same period of the prior year. Additionally, Logisnext Tokyo and Logisnext Chubu have been excluded from the scope of consolidation.

Key Products

Growth Drivers

• Continued stable and solid demand in the domestic logistics equipment market
• Improved profitability from price optimization measures
• Improved business efficiency from integrating head office domestic sales functions with directly affiliated sales companies
• Enhanced added value through the introduction of new products such as battery-powered and lithium-ion battery models
• Expanding demand for automation and autonomization products such as AGV/AGF (in response to the logistics 2024 problem)

Risks

• Impact on domestic manufacturing utilization from a decrease in knock-down parts supply to North America
• Structural changes in net sales due to the transfer of some products to the Overseas Business segment following changes in distribution channels
• Business operation risks during the transition period following the reorganization of directly affiliated domestic sales companies (deconsolidation of Logisnext Tokyo and Logisnext Chubu)
• Risk of delisting and changes in management structure associated with the planned tender offer by LVJ Holdings 2 GK
• Risk that a global economic slowdown caused by US tariff policy spreads to domestic demand