FUKUYAMA TRANSPORTING CO., LTD.

Business Details

A core segment encompassing the trucking business, freight forwarding business, port transportation business, and other ancillary businesses. The Company, together with consolidated subsidiaries such as Kyushu Fukuyama Transporting, Tokyo Fukuyama Transporting, Koshin-etsu Fukuyama Transporting, and J Logistics, forms a nationwide transportation network. Centered on Special Consolidated Freight Transportation, the segment also focuses on Heavy & Bulky Freight Transportation—an area where new entry by competitors is limited—as well as high-value-added freight transportation such as electronic and electrical components and machine parts.

Recent Overview

Revenue up 4.3% year-on-year and operating profit up 31.3%, marking a significant improvement in profitability

In the Transportation Business for FY2026 (ending March 2026), revenue reached ¥244,573 million (up 4.3% year-on-year) and operating profit reached ¥6,470 million (up 31.3% year-on-year). Active acquisition of heavy and bulky freight, expansion of the share of high-value-added cargo, and phased freight rate revisions contributed to the improvement in profitability. In January 2026, the Suwa Branch and Nagoya Distribution Center were opened, strengthening the Company's proprietary pickup and delivery services. Relay transportation using a trailer-tractor system in collaboration with industry peers also commenced. While capital expenditures declined significantly from ¥29,086 million in the prior period to ¥15,593 million, depreciation and amortization increased to ¥16,182 million (up 18.9% year-on-year).

Key Products

Growth Drivers

• Strengthened active acquisition in the Heavy & Bulky Freight Transportation field (an area with high barriers to entry where new entry by competitors is limited)
• Improved profitability through expanded share of high-value-added cargo such as electronic and electrical components and machine parts
• Improved unit prices through freight rate negotiations with low-unit-price, long-unrevised customers and expansion of share among high-unit-price shippers
• Strengthened proprietary pickup and delivery services and increased order volume following the opening of the Suwa Branch and Nagoya Distribution Center (January 2026)
• Securing transportation capacity and improving efficiency through the commencement of relay transportation using a trailer-tractor system with industry peers
• Promotion of collaboration with industry peers and other industries, including participation in the cross-company relay transportation (baton) pilot program
• Improved productivity in unprofitable areas through promotion of collaboration in areas with low pickup and delivery cargo volume

Risks

• Difficulty securing drivers and constraints on transportation capacity due to worsening labor shortages (continuing impact of working hour regulations related to the '2024 Problem')
• Cost increase pressure from persistently high fuel prices
• Lack of overall strength in transportation demand due to sluggish construction-related and production-related cargo
• Profit pressure from increased depreciation and amortization (¥16,182 million, up 18.9% year-on-year)
• Adverse impact on shippers' production and consumption activities from rising import prices due to persistently high energy and raw material prices and yen depreciation
• Risk of reduced cargo movement due to deteriorating external environment, including US high tariff policies and geopolitical risks
• Increased system investment and operational transformation costs in response to growing demands for logistics efficiency