SENKON LOGISTICS CO., LTD.
9051・Standard Market・Land Transportation
Business
Senkon Logistics Co., Ltd. is a comprehensive logistics company founded in 1959, based primarily in the Tohoku economic region, comprising the Company and 7 consolidated subsidiaries. The business is divided into 5 segments: Transportation Business, Warehousing Business, Passenger Car Sales Business, Renewable Energy Business, and Others (Real Estate, Funeral Services, and Quarrying). In the logistics business, the company has built an integrated multimodal transportation system spanning land, sea, and air, offering diverse services including 3PL (Comprehensive Corporate Logistics Outsourcing) Service, Forwarding Service, record management services, and trunk room (storage) services. In the Passenger Car Sales Business, the company sells new and used Honda vehicles and provides maintenance services mainly in Saitama Prefecture, forming the Group's largest revenue segment. The company is listed on the Standard Market of the Tokyo Stock Exchange.
Business Model
In the logistics business, the company provides an integrated offering of warehousing, transportation, customs clearance, 3PL, and records management, generating recurring revenue by comprehensively outsourcing customers' logistics operations. In the Passenger Car Sales Business, in addition to new and used car sales, the service segment—including Repair Services (Vehicle Inspection & Maintenance)—supplements earnings with stable revenue. The Renewable Energy Business generates stable cash flow through power sales revenue utilizing the FIT (Feed-in Tariff) system. The company has a diversified earnings structure in which each segment functions in a mutually complementary manner.
Company Strengths
Since its founding in 1959, the company has expanded sales offices and distribution centers across Miyagi, Iwate, Akita, Yamagata, Fukushima, Niigata, Shimane and other prefectures. Its low-temperature warehouses in Yamagata, Niigata, and Furukawa have obtained government warehouse designation from the Ministry of Agriculture, Forestry and Fisheries, giving it a reliable track record in handling public logistics such as rice. It has also obtained Authorized Economic Operator (AEO) certification as a customs broker, equipping it with international logistics capabilities.
In the Warehousing Business, operating profit for FY2026 (ending March 2026) was ¥782 million against operating revenue of ¥4,154 million, maintaining a high profit margin. The company has promoted specialization in 3PL, outsourcing, Forwarding Service, record management services, and trunk room (storage) services, and achieved profit growth of 101.2% year-on-year through thorough cost management including outsourcing expenses.
The Passenger Car Sales Business, centered on Honda Cars Saitama Nishi Co., Ltd., is the group's largest segment with operating revenue of ¥10,126 million in FY2026 (ending March 2026). Earnings are supported by a combination of factors: rising average transaction value driven by increased sales of higher-priced vehicles, steady performance in Used Car Sales, and stable revenue from the Repair Services (Vehicle Inspection & Maintenance) segment.
ENVALITH's Perspective
Performance Trend
Operating revenue expanded on a generally rising trend for five consecutive periods, from ¥16,727 million in FY2022 (ending March 2022) to ¥19,919 million in FY2026 (ending March 2026), with only a slight decline in FY2023 (ending March 2023). Operating profit, however, fell sharply from ¥814 million in FY2025 (ending March 2025) to ¥569 million in FY2026 (ending March 2026), reflecting a combination of an inventory valuation loss in the Quarrying Business, increased costs from new locations in the Passenger Car Sales Business, and the disappearance of the prior period's gain on sale of investment securities (an external factor of ¥113 million). Externally, sustained high fuel costs, rising labor costs, and compliance costs related to working-hour regulations in the logistics industry continue to pressure profits. For FY2027 (ending March 2027), the company forecasts a recovery in operating profit to ¥720 million.
Growth Strategy
Expanding the profit base through deeper specialization in 3PL and strengthened passenger car sales infrastructure
Continuing to promote specialization in 3PL, outsourcing, forwarding, records management services, and the trunk room business. Aiming to improve profit margins in the transportation and warehousing businesses through securing appropriate freight rates in business-to-business logistics and thorough cost management.
Promoting expansion of trading areas through the opening of new locations, while strengthening the sales structure and enhancing service departments (vehicle inspection & maintenance, etc.) to strengthen the profit base. In FY2026 (ending March 2026), costs associated with new locations were incurred in advance, but profit contribution is expected from the following period onward.
In the Quarrying Business, a valuation loss on inventory was recorded (in FY2026 (ending March 2026)) reflecting declining profitability of inventory products (crushed stone). The company aims to promote optimization of its business portfolio and improve asset efficiency through effective utilization and appropriate allocation of management resources.
Working to improve the working environment, develop professionals, and thoroughly implement safety education and safety management from the perspective of employee satisfaction (ES) management. Promoting measures for securing and retaining human resources, including responding to working-hour regulations in the logistics industry, to build a sustainable business operation foundation.
Last updated: July 19, 2026