THE KEIHIN CO., LTD.
9312・Standard Market・Warehousing & Harbor Transportation Services
THE KEIHIN CO., LTD.
9312・Standard Market・Warehousing & Harbor Transportation Services
Domestic Logistics Business
Core domestic logistics segment centered on warehousing, distribution processing, and land transportation
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥28,946 million | ¥28,475 million | ↑ |
| Segment profit (operating profit) | ¥3,488 million | ¥2,975 million | ↑ |
| Segment assets | ¥41,185 million | ¥28,631 million | ↑ |
| Depreciation | ¥1,739 million | ¥1,871 million | ↓ |
| Capital expenditure (increase in tangible and intangible fixed assets) | ¥13,195 million | ¥2,749 million | ↑ |
Business Details
The core domestic logistics segment encompassing warehousing & handling, Distribution Processing, and Land Transportation (motor transport and delivery). In addition to Keihin Co., Ltd. itself, Keihin Haiso, Keihin Riku-un (Tokyo, Aichi, Hyogo), Keihin Container Kyuso, OK Container Express, and Duck System handle the actual operations and transportation. The segment is pursuing expansion of handling volumes through facility expansion and upgrading, and achieved increased revenue and profit driven by higher handling volumes in warehousing & handling and motor transport.
Recent Overview
Increased revenue and profit and significant asset expansion driven by higher warehousing/handling volumes and large-scale real estate acquisition
In the Domestic Logistics Business for FY2026 (ending March 2026), revenue was ¥28,946 million (up 1.7% year on year) and segment profit was ¥3,488 million (up 17.3% year on year), achieving increased revenue and profit. Warehousing revenue increased 8.3% year on year due to higher storage and inbound/outbound handling volumes, while Distribution Processing revenue decreased 0.7% due to a decline in the number of shipments, and Land Transportation revenue decreased 2.6% due to a decline in delivery handling volume. In addition, capital expenditure surged approximately 4.8 times year on year to ¥13,195 million due to real estate acquisitions, and segment assets expanded significantly to ¥41,185 million.
Key Products
Growth Drivers
- Higher warehousing and handling volumes boosting Warehousing revenue (up 8.3% year on year in FY2026 (ending March 2026))
- Expansion of handling in high-value-added fields such as medical/pharmaceutical, food, and apparel through the expansion and upgrading of domestic facilities
- Provision of high-value-added logistics and promotion of labor-saving and operational efficiency through the introduction of AI and robotics
- Improved delivery efficiency and loading rates through the review and expansion of logistics bases (a new base is planned to open in the Atsugi area of Kanagawa Prefecture)
- Significant strengthening of the logistics facility base through real estate acquisitions (rental properties of ¥11,826 million)
Risks
- Increased costs to address the chronic labor shortage, particularly among truck drivers
- Risk of declining handling volumes in distribution processing and delivery due to slowing personal consumption amid continued price increases
- Increased depreciation burden and expanded financial burden from higher borrowings associated with large-scale capital expenditure (¥13,195 million in FY2026 (ending March 2026))
- Structural demand change risk as indicated by the declining trend in delivery handling volume in the Land Transportation business
- Risk of a domestic economic slowdown due to uncertainty in US trade policy and geopolitical risk
Last updated: June 24, 2026