PHYZ Holdings Inc.
9325・Standard Market・Warehousing & Harbor Transportation Services
Business
Faith Holdings Corporation, guided by its philosophy of "connecting people through the bonds between people,"
Business Model
Centered on Operation Services, which handles the integrated outsourcing of logistics center operations (receiving, picking, packing, and shipping) from EC site operators, and Transport Services, which covers inter-hub transport, last-mile delivery, and a vehicle dispatch platform, the company provides seamless coverage of EC logistics from upstream to downstream. Built primarily on long-term outsourcing contracts, the business structure allows for revenue expansion in line with increases in handling volume.
Company Strengths
In FY2026 (ending March 2026), sales to Amazon Japan G.K. reached ¥27,858 million (69.1% of total sales), and the company also began newly operating a large logistics center for a major e-commerce company. The stable outsourcing base built on long-term contracts underpins the sustained expansion of sales.
The company operates 27 locations nationwide, centered on major metropolitan areas such as Tokyo, Osaka, and Nagoya, and continues to expand its owned vehicle fleet and increase the number of in-house drivers. By raising the ratio of in-house operated deliveries, the company has strengthened its cost control capabilities, and in FY2026 (ending March 2026), segment profit for the Transport Services Business increased 47.3% year on year to ¥465 million.
The company has continuously carried out M&A, including Chuo Unyu Co., Ltd. in 2020, Brilliant Transport and Nippon System Create in 2021, Findon Co., Ltd. in 2024, and Makotonoshin Co., Ltd. (specializing in home appliance logistics) in 2025, thereby expanding its service areas into transportation and delivery, IT, and home appliance logistics.
ENVALITH's Perspective
Performance Trend
Revenue for FY2026 (ending March 2026) reached ¥40,322 million (up 27.5% year on year), recording the largest increase in revenue over the past five fiscal years. In addition to the tailwind from expanding EC demand in the market environment, the start of new operations at a large logistics center for a major online retailer and the consolidation of Seinoshin Co., Ltd. as a subsidiary (October 2025) contributed to the growth. On the other hand, operating profit was limited to ¥1,532 million (up 4.6% year on year), and the operating margin declined from 4.6% to 3.8%. Elevated driver labor costs and fuel costs, along with new site launch costs, weighed on profit. Net income for the period was ¥1,024 million (up 11.4% year on year), setting a new record high. For FY2027 (ending March 2027), the company forecasts revenue of ¥45,000 million and operating profit of ¥2,250 million, anticipating a recovery in profit margin.
Growth Strategy
Multi-axis growth through deepening EC logistics, in-house transport operations, expansion of international logistics exports, and M&A
Promoting stable operation of the new 3PL facility in Noda City, Chiba Prefecture, while expanding new logistics center contracts for major e-commerce companies. By strengthening and expanding the 3PL sales structure, the company aims to build up a pipeline of contracted projects, expanding sales scale and improving profit margins through higher utilization rates.
Increasing the ratio of in-house transport between bases by expanding the number of company-owned vehicles and strengthening recruitment of in-house drivers, thereby reducing outsourcing costs. Progressing with the introduction of a fuel surcharge system and negotiations with shippers to pass on cost increases, absorbing the impact of rising driver labor costs and fuel prices. Also promoting joint delivery proposals leveraging Seinoshin's expertise in home appliance logistics.
Incorporating into the Group the home appliance delivery and installation expertise of Seinoshin, which was made a wholly owned subsidiary in October 2025 at an acquisition cost of ¥385 million (goodwill of ¥301 million, amortized on a straight-line basis over 9 years), to expand large-item removal, delivery, and installation services to existing and new customers. The Transport Services Business segment profit increased 47.3% year on year to ¥465 million, with the contribution becoming apparent.
Shifting focus from the conventional import-centered business (apparel, machinery products, etc.) to the development of export projects for food-related items (alcoholic beverages, tea, etc.) and general merchandise. The segment achieved a turnaround to profitability in FY2026 (ending March 2026) with a segment profit of ¥3 million, aiming to diversify revenue sources by increasing the export ratio and reducing dependence on China.
Jointly considering and executing proactive M&A and business alliances with the parent company for the purpose of entering new businesses and complementing regional coverage. The acquisition of Seinoshin as a subsidiary is one such achievement, and the company will continue to explore projects that contribute to strengthening the logistics value chain.
Last updated: July 19, 2026