SEINO HOLDINGS CO.,LTD.
9076・Prime Market・Land Transportation
Transportation Business
Core business of the Seino Group. A comprehensive logistics business built on a nationwide route network.
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales to External Customers | ¥630,890 million | ¥554,126 million | ↑ |
| Segment Profit (Operating Income) | ¥27,425 million | ¥20,743 million | ↑ |
| Segment Assets | ¥612,586 million | ¥617,820 million | ↓ |
| Depreciation and Amortization | ¥23,573 million | ¥21,409 million | ↑ |
| Increase in Property, Plant and Equipment and Intangible Assets | ¥34,408 million | ¥103,531 million | ↓ |
| Segment Profit Margin | 4.3% | 3.7% | ↑ |
Business Details
The segment mainly operates the LTL (Less-than-Truckload/Route Truck) Transportation business, which focuses on small-lot commercial freight, along with home delivery, moving, chartered and other truck transportation businesses, freight forwarding, warehousing, and International Transportation & Customs Brokerage. Leveraging the transportation network of the group, which comprises 91 consolidated subsidiaries, the segment is driving profitability improvements through progress in securing appropriate freight rates and improving loading efficiency. Through strengthened collaboration with MD Logis Corporation, the segment is working to enhance the value-added nature of logistics services both domestically and internationally.
Recent Overview
Sales and profit both increased significantly due to the full-year contribution of MD Logis and progress in securing appropriate freight rates.
For FY2026 (ending March 2026), Transportation Business sales were ¥630,890 million (up 13.9% year on year), and segment profit was ¥27,425 million (up 32.2% year on year). In addition to the full-year contribution from MD Logis Corporation, which was consolidated as a subsidiary in the prior fiscal year, progress in securing appropriate freight rates and improved loading efficiency in the LTL business boosted profitability. On the other hand, against the backdrop of subdued personal consumption due to rising prices, freight volume handled was slightly below the prior year's results. In terms of facilities, the company carried out new construction/rebuilding of Seino Transportation's Nagoya North Branch and Yokohama Branch, and established a new Kanazawa warehouse. In April 2026, the company established a joint venture, "TGL Sanin Corporation," with Fukuyama Transporting, and began joint transportation operations in the Sanin region.
Key Products
Growth Drivers
- Continued full-year contribution from enhanced collaboration with MD Logis Corporation, enhancing the value-added nature of logistics services
- Further progress in securing appropriate freight rates across various weight and distance bands in the LTL business
- Expansion of the Logistics Business and Chartered Transportation Business as growth engines
- Cross-industry joint transportation and network optimization through O.P.P. (including the business alliance with AZ-COM Maruwa Holdings)
- Strengthening of group-wide initiatives through the subdivision of the transportation business domain into 6 categories and the establishment of respective strategic departments
- Promotion of joint transportation in the Sanin region through the establishment of the joint venture "TGL Sanin Corporation" with Fukuyama Transporting
- Sophistication of dispatch operations and labor savings/cost optimization through the use of AI
Risks
- Continuation of the trend of driver shortages and increased subcontracting/outsourcing costs due to overtime work restrictions on drivers stemming from the "2024 Problem"
- Sluggish growth in freight volume handled due to stagnant domestic personal consumption resulting from prolonged price increases
- Rising transportation costs due to persistently high energy prices
- Difficulty in sustainably securing transportation capacity due to declining working population
- Risk of domestic economic downturn due to fuel price volatility from geopolitical risks (Middle East situation, etc.) and slowing external demand
- Future financial impact (currently difficult to reasonably estimate) related to road facility restoration costs (liability for causing damage) associated with the Amagoyama Tunnel fire accident that occurred in September 2023
Last updated: June 24, 2026