NIKKON Holdings Co.,Ltd
9072・Prime Market・Land Transportation
Transportation Business
Largest segment in the group, responsible for transporting finished vehicles and automotive parts
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (external customers) | ¥124,339 million | ¥117,963 million | ↑ |
| Operating profit | ¥7,523 million | ¥6,314 million | ↑ |
| Segment assets | ¥133,966 million | ¥132,416 million | ↑ |
| Depreciation | ¥4,773 million | ¥4,492 million | ↑ |
| Increase in tangible and intangible fixed assets | ¥6,343 million | ¥7,062 million | ↓ |
| Goodwill balance at fiscal year-end | ¥3,116 million | ¥3,758 million | ↓ |
Business Details
Transports finished four-wheel and two-wheel vehicles, automotive parts, housing equipment, agricultural machinery, and other goods. Honda Motor Co., Ltd. is the major customer, and this is the largest segment, accounting for approximately 46% of the group's consolidated net sales. Under a strategy of self-reliance and in-house management, leveraging company-owned facilities and drivers, the segment addresses the "2024 problem" (Japan's logistics driver working-hour reform) through relay operations for long-distance transport and reduced loading/waiting times.
Recent Overview
Net sales up 5.4% on increased business volume; despite higher outsourcing costs, the increase in revenue drove a 19.1% rise in operating profit
In the Transportation Business for FY2026 (ending March 2026), net sales rose to ¥124,339 million (up 5.4% year on year) due to increased business volume. Although outsourcing costs increased, the revenue growth effect outweighed this, and operating profit rose significantly to ¥7,523 million (up 19.1% year on year). The automobile category was the largest component at ¥47,036 million, followed by automotive parts (¥25,725 million) and housing (¥16,816 million). Goodwill amortization for the fiscal year was ¥594 million, with a fiscal year-end balance of ¥3,116 million.
Key Products
Growth Drivers
- Revenue growth effect from increased business volume (net sales up 5.4% year on year)
- Flexible operational execution and response to the 2024 problem through the self-reliance and in-house management strategy
- Expanding demand for finished vehicle and automotive parts transportation, primarily for Honda Motor Co., Ltd.
- Promotion of the 14th Medium-Term Management Plan (first year FY2027, ending March 2027), with overseas business, the circular business, and the clothing-food-housing business as growth drivers
- Capturing transportation demand through group-wide infrastructure expansion, including warehouse acquisitions in Suzuka City, Mie Prefecture; Kanda Town, Fukuoka Prefecture; Thailand; and Indonesia
Risks
- Profit pressure from chronic labor shortages and rising costs such as personnel expenses
- Downward pressure on profit margins from increased outsourcing costs
- Risk of fluctuations in cargo handling volume due to production volatility in the automobile industry (semiconductor and parts shortages, etc.)
- Risk of increased energy costs due to turmoil in the Middle East and rising crude oil prices
- Risks related to the integration and operation of overseas subsidiaries (US and Asia) and foreign exchange fluctuation risk
- Cost burden from increased amortization of goodwill and intangible fixed assets (goodwill amortization of ¥594 million for the fiscal year)
Last updated: June 26, 2026