Toyo Logistics Co.,Ltd.

Toyo Warehousing Co., Ltd. is a long-established comprehensive logistics company established in 1926 (with origins dating back to its founding in 1893), operating hubs centered on the Port of Nagoya and extending to the Chubu, Kanto, and Kansai regions as well as overseas. The company operates two segments—the Logistics Business (Warehousing (Storage & Cargo Handling), Port Transportation Business, Land Transportation Business, International Transportation Business (3PL & Global), Distribution Processing & Distribution Center Business, etc.) and the Real Estate Business—with consolidated operating revenue of ¥30,161 million. Major clients include Unilever Japan K.K. (11.2% of operating revenue), as well as manufacturers of non-ferrous metals, food industry products, and consumer goods. The company has overseas bases in Asia, North America, and Europe, providing global multimodal transportation services.

In the Logistics Business, which accounts for approximately 98% of revenue, the company adopts a 3PL-type model that integrally handles storage, cargo handling, transportation, customs clearance, and international multimodal transport, comprehensively managing customers' logistics operations. The remaining approximately 2% is the Real Estate Business, centered on leasing self-owned facilities, which functions as a stable revenue source with a high-profitability structure boasting a segment profit margin of 42.0%. Capital expenditure funds are procured through long-term borrowings from financial institutions, and the company continues to expand its facilities through the reinvestment of operating cash flow.

In FY2026 (ending March 2026), consolidated operating revenue reached ¥30,161 million (up 3.3% year on year), operating income was ¥1,376 million (up 10.9%), and net income attributable to owners of parent was ¥1,662 million (up 11.2%), with all metrics achieving the highest levels in the past five fiscal years. Contributing factors in the Logistics Business included steady non-ferrous metal storage balances from the Middle East and South America, increased aluminum ingot and export cargo volumes in the Port Transportation Business, and expansion in international transportation supported by the tailwind of a weak yen environment (as an external factor). On the other hand, the consolidated earnings forecast for FY2027 (ending March 2027) projects operating revenue of ¥30,500 million (up 1.1%) and net income attributable to owners of parent of ¥1,150 million (down 30.8%), a significant decline in profit. This is mainly attributable to the disappearance of extraordinary gains and a decrease in equity-method investment income, with ordinary income also projected to decline 11.0% to ¥1,700 million. Comprehensive income was ¥3,015 million (up 61.9% year on year), with a substantial increase in valuation difference on available-for-sale securities (¥1,089 million) boosting net assets.