ENVALITH
岡山県貨物運送株式会社 logo

Okayamaken Freight Transportation Co., Ltd.

9063Standard MarketLand Transportation

岡山県貨物運送株式会社 logo
Okayamaken Freight Transportation Co., Ltd. 9063

貨物運送関連

Okayama Prefectural Freight Transport Group's core business, accounting for approximately 95% of consolidated operating revenue.

PeriodCurrentPreviousChange
Segment operating revenue (FY2025, ended March 2025)¥36,317 million¥35,737 million
Segment profit (FY2025, ended March 2025)¥744 million¥494 million
Segment assets (FY2025, ended March 2025)¥39,288 million¥39,237 million
Depreciation (FY2025, ended March 2025)¥1,669 million¥1,636 million
Impairment loss (FY2025, ended March 2025)¥43 million¥32 million

Business Details

Centered on the motor freight transportation business, this segment encompasses automobile repair (Marukei Auto Maintenance Co., Ltd.), freight forwarding (Sanyo Container Transport Co., Ltd.), and truck terminal operations (Okayama Prefecture Truck Terminal Co., Ltd.). The Company and five subsidiaries are engaged in this segment, with Special LTL Freight Transportation as the mainstay business, operating a network of bases across seven regions nationwide including Kanto, Kinki, Chugoku, and Kyushu. The segment develops transport quality tailored to market needs and provides value-added services such as 3PL & Warehousing.

Recent Overview

Continued pursuit of appropriate freight rate collection led to increased revenue and a significant increase in profit for FY2025 (ended March 2025). The trend of increased revenue and profit continued through the most recent nine-month cumulative period.

For FY2025 (ended March 2025, the fiscal year under review), operating revenue was ¥36,317 million (up 1.6% year on year), and segment profit was ¥744 million (up 50.5% year on year). Although freight volume handled declined slightly, active efforts to collect appropriate freight rates and charges pushed up profit. On the other hand, outsourcing costs (chartered vehicle fees) increased due to labor shortages and responses to the "2024 Problem," and cost pressures continued. In the cumulative nine months of FY2026 (ending March 2026) Q3, operating revenue was ¥27,821 million (up 1.1% year on year) and segment profit was ¥863 million (up 28.4% year on year), showing further improvement. Gain on sale of fixed assets was also recorded from the transfer of the former Kyoto sales office.

Key Products

service
Special LTL Freight Transportation

The core business of the Group. It has a network of bases across seven regions nationwide, including Kanto, Chubu, Kinki, Chugoku, Shikoku, and Kyushu, providing efficient freight transportation via the Special LTL (less-than-truckload) method. Operating revenue in the Chugoku region for FY2025 (ended March 2025) was ¥19,785 million, accounting for more than half of the segment total.

service
3PL & Warehousing

A 3PL (third-party logistics) business that comprehensively undertakes shippers' logistics operations, along with warehousing operations. As a management strategy, the Company actively proposes and expands this business as a high-value-added logistics format.

service
Automobile Repair & Maintenance

Handled by subsidiary Marukei Auto Maintenance Co., Ltd. In addition to maintaining Group-owned vehicles, the company also provides automobile repair and maintenance services to external customers, contributing to the maintenance of transport quality.

service
Freight Forwarding & Truck Terminal

Okayama Prefecture Truck Terminal Co., Ltd., an equity-method affiliate, operates the truck terminal business, while Sanyo Container Transport Co., Ltd. operates the freight forwarding business. These also contribute to diversifying transport modes, including the use of JR containers.

Growth Drivers

  • Ongoing improvement in unit prices through continuous negotiations to collect appropriate freight rates and charges
  • Securing freight volume and expanding transactions through active sales efforts
  • Improving transport efficiency through expanded joint transport and delivery with other companies in the same industry
  • Strengthening value-added services such as 3PL & Warehousing
  • Improving load efficiency through IT and diversifying transport modes through the use of JR containers
  • Strengthening transport capacity through base infrastructure development, including the newly constructed Tsuyama main branch and the acquisition of the Toyokawa sales office

Risks

  • Chronic driver shortage and increased outsourcing costs (chartered vehicle fees) associated with the "2024 Problem" (overtime work regulations)
  • Persistently high transport costs, including fuel prices, vehicle-related expenses, and labor costs
  • Sluggish domestic freight transport volume (a declining trend, mainly in manufacturing-related cargo)
  • Difficulty securing labor due to an aging workforce and hiring challenges
  • Sluggish growth in export-related cargo movement due to U.S. trade policy and geopolitical risks
  • Risk of impairment of fixed assets (evaluated by grouping at the main branch/sales office level)

Last updated: June 25, 2026