Yamatane Corporation
9305・Prime Market・Wholesale Trade
物流関連
Yamatane's core infrastructure segment covering warehousing, port transportation, international logistics, and confidential document management
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Revenue (External Customers) | ¥26,079 million | ¥24,927 million | ↑ |
| Segment Revenue (Including Internal, Total) | ¥26,815 million | ¥25,639 million | ↑ |
| Segment Operating Profit (Before Goodwill Amortization) | ¥2,369 million | ¥1,625 million | ↑ |
| Segment Assets | ¥48,423 million | ¥48,253 million | ↑ |
| Depreciation and Amortization | ¥1,261 million | ¥1,295 million | ↓ |
| Increase in Tangible/Intangible Fixed Assets | ¥712 million | ¥1,979 million | ↓ |
| Goodwill Balance at Period End | ¥172 million | ¥147 million | ↑ |
| Impairment Loss | ¥381 million | ¥0 million | ↑ |
Business Details
Operates Warehousing (Storage & Cargo Handling for deposited goods), Port Transportation Business, and Freight Forwarding Business (domestic and international). With a 10-company structure including Yamatane Logistics Co., Ltd., Yamatane Logi Works Co., Ltd., Shinyo Logi Co., Ltd., and Yamatane Document Management and Kyokuto (consolidated as subsidiaries in July 2025), the segment provides comprehensive logistics services covering everything from domestic logistics to overseas moving, international forwarding, and confidential document storage & digitization business.
Recent Overview
Operating profit surged 45.8% year on year on strong overseas moving business, progress in price pass-through, and contribution from new subsidiaries
In the Logistics-Related segment for FY2026 (ending March 2026), revenue reached ¥26,079 million (up 4.6% year on year) and operating profit reached ¥2,369 million (up 45.8% year on year). Profit improvement was driven by an increase in the number of cases handled in international operations centered on overseas moving, progress in passing through increased outsourcing costs and personnel expenses to prices, the earnings contribution from Yamatane Document Management and Kyokuto (consolidated subsidiaries since July 2025), the recording of gains on sale from partial securitization of logistics real estate, and the disappearance of the one-time real estate acquisition tax expense for the new Honmoku Pier warehouse recorded in the prior period. On the other hand, the Logistics-Related segment recorded an impairment loss of ¥381 million.
Key Products
Growth Drivers
- Continued earnings contribution from international operations due to increased number of overseas moving and international forwarding cases handled (up year on year)
- Improved profit margin from progress in passing through increased outsourcing costs and personnel expenses to customers
- Expansion of the confidential document storage & digitization business through synergy creation with Yamatane Document Management and Kyokuto (dual base structure in Kanto and Kansai)
- Expansion of storage revenue through improved occupancy rates at existing warehouses, including the new Honmoku Pier warehouse
- Building a logistics platform in the rice/agricultural products area and in nursing care products/reverse logistics in collaboration with the Food Company
- Service expansion through business sophistication toward becoming a comprehensive logistics and SCM partner, centered on the SCM Promotion Department
- Continued recording of gains on sale through the securitization business for logistics real estate
Risks
- Risk of decreased revenue in the domestic warehousing business due to lost business or contract cancellations from some shippers
- Risk of personnel and outsourcing costs rising beyond expectations due to the logistics '2024 Problem,' and delays in price pass-through
- Risk of headwinds to international freight transport from US trade policy, tariff trends, and yen depreciation correction
- Risk of impairment losses on fixed assets such as logistics systems (¥381 million recorded in the current period)
- Risk of delays in business integration and synergy realization with Yamatane Document Management and Kyokuto (goodwill of ¥172 million)
- Risk of occupancy rates falling short of targets at new investment properties such as the new Honmoku Pier warehouse
- Profit pressure from increased future infrastructure development costs centered on AI and DX investment
Last updated: June 19, 2026