TAKASE CORPORATION
9087・Standard Market・Land Transportation
Integrated Logistics Business
Core group business combining transportation, storage, and work services both domestically and overseas
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating revenue (external customers) | ¥8,411 million | ¥8,258 million | ↑ |
| Segment profit | ¥184 million | ¥63 million | ↑ |
| Segment assets | ¥9,553 million | ¥9,337 million | ↑ |
| Depreciation | ¥292 million | ¥347 million | ↓ |
| Increase in property, plant and equipment and intangible assets | ¥148 million | ¥239 million | ↓ |
| Major customer sales (pixiv Inc.) | ¥1,037 million | ¥996 million | ↑ |
| Major customer sales (Toho Stella Co., Ltd.) | ¥1,004 million | ¥936 million | ↑ |
Business Details
The core segment operated by Takase Corporation and its overseas subsidiaries. It provides a combination of Freight Forwarding Service (freight transport brokerage), Cargo Storage Service, and work services such as in-warehouse operations, tailored to customer needs, and also operates a warehouse facility leasing business. Operating across three regions—Japan, China, and the United States—this is the mainstay segment accounting for approximately 99% of the group's consolidated operating revenue. Major customers include pixiv Inc. (operating revenue of ¥1,037 million) and Toho Stella Co., Ltd. (¥1,004 million).
Recent Overview
Rate revisions and increased stored cargo volume drove a large 193% YoY increase in segment profit
In the Integrated Logistics Business for FY2026 (ending March 2026), although export handling volume declined, domestic major customers' handling volume remained solid, and the handling volume at overseas local subsidiaries (China and the U.S.) also trended toward recovery. In addition to profit margin improvement from rate revisions with certain major customers, progress in cost reduction at the Chinese local subsidiary led to a substantial improvement in segment profit, up 193.4% YoY to ¥184 million. Operating revenue from external customers rose 2.1% YoY to ¥8,411 million.
Key Products
Growth Drivers
- Continued profit margin improvement effect from rate revisions with certain major customers
- Increase in handling volume at domestic major customers (pixiv Inc., Toho Stella Co., Ltd., etc.)
- Recovery and expansion of handling volume at overseas local subsidiaries (China and the U.S.)
- Expansion of high-profitability services driven by increased volume of stored cargo entrusted to the company
- Promotion of labor savings and operational efficiency through introduction of machinery and systems
- Expansion of the scope of handled operations through building co-creation relationships with existing customers
- Promotion of new customer acquisition aimed at creating new business areas and value
Risks
- Risk that rising work costs, including minimum wage increases, outpace the effect of rate revisions
- Risk of reduced handling volume due to delayed cost reductions at the Chinese local subsidiary and deterioration in Japan-China relations
- Revenue volatility risk from declining export handling volume at certain major customers (high dependence on specific customers)
- Risk of increased repair costs for maintaining buildings and equipment
- Impact on overseas operations from U.S. tariff policy, geopolitical risk, and sharp exchange rate fluctuations
- Risk that cost reduction plans for distribution processing operations fail to be achieved
- Risk of one-time expenses such as compensation payments and cancellation penalties arising in non-operating expenses
Last updated: June 17, 2026