Yasuda Logistics Corporation

Business Details

The core business of the Yasuda Warehouse Group, providing warehousing & cargo handling, domestic land transportation, international freight handling, logistics facility leasing, and related services. Domestically, the company maintains a broad network of facilities from Hokkaido to Kyushu, and overseas it operates in five Asian countries (China, Vietnam, Indonesia, Singapore, and India). The segment also provides high-value-added logistics through peripheral services including pharmaceutical logistics, staffing, and automobile maintenance. In FY2026 (ending March 2026), the segment achieved revenue growth across all areas due to higher utilization of facilities newly established in the previous fiscal year and expansion of new business.

Recent Overview

Revenue increased across all revenue items due to higher utilization of newly established facilities and expansion of new business; profit margins also improved.

In the Logistics Business for FY2026 (ending March 2026), revenue increased across the board in storage fees, warehouse handling fees, land transportation fees, international freight handling fees, and other items, driven by higher utilization of logistics facilities newly established in the previous fiscal year, the start of new transactions, and expanded transactions with existing customers. Operating revenue increased by ¥4,798 million (up 6.9%) year-on-year to ¥74,186 million, and segment profit increased by ¥774 million (up 16.9%) year-on-year to ¥5,342 million. As a subsequent event, the company acquired 20% of the shares of Teijin Logistics Co., Ltd. (¥1,300 million) effective April 10, 2026, and plans to make it an equity-method affiliate from FY2027 (ending March 2027). Expansion of the logistics network centered on western Japan is expected as a result.

Key Products

Growth Drivers

• Increased revenue from storage and handling fees due to higher utilization of logistics facilities newly established in the previous fiscal year
• Increased revenue across all revenue items driven by the start of new transactions and expansion of transactions with existing customers
• Significant increase in international freight handling fees (up 18.4% year-on-year) driven by utilization of overseas bases in five Asian countries
• Continued expansion of the transportation and delivery network through group collaboration
• Acquisition of western Japan bases and synthetic fiber/chemical product logistics expertise through Teijin Logistics Co., Ltd. becoming an equity-method affiliate (from FY2027, ending March 2027)
• Productivity improvement and business expansion through DX promotion based on the medium-term management plan "YASDA GROUP CHALLENGE 2027"

Risks

• Upward pressure on operating costs (handling costs, labor costs) due to rising energy and raw material prices
• Increased costs to address labor shortages (driver shortages, rising labor costs)
• Risk of fluctuation in import/export cargo volumes due to the impact of U.S. trade policy
• Risk of energy price volatility and supply chain instability stemming from worsening conditions in the Middle East
• Risk of sluggish cargo movement in specific industries, such as weakness in construction-related cargo
• Impact on performance at overseas bases (China, Asia) due to the slowdown of the Chinese economy and geopolitical risks
• Risk of profit pressure from increased fixed costs associated with the expansion of logistics facilities (increase in tangible and intangible fixed assets up 59.8% year-on-year to ¥7,430 million)