TOYO WHARF & WAREHOUSE CO.,LTD.

Toyo Wharf & Warehouse Co., Ltd. is a long-established integrated logistics company founded in 1940 (its predecessor, Nichiman Warehouse, was established in 1929). Domestically, the company provides storage services across a diverse range of warehouse facilities, including ordinary warehouses, silos, cold storage warehouses, and hazardous materials warehouses, operates a Port Transportation Business handling bulk cargo and containers using large-scale cargo handling equipment, and conducts freight transport and distribution using cargo trucks. It holds major port bases in Kawasaki, Hakata, Kashima, Shibushi, Hitachinaka, and other locations, handling a wide range of cargo including agricultural products, grain, synthetic resins, and containers. In international logistics, the company conducts transportation, warehousing, and customs clearance operations for Russia and Central Asia through its subsidiary Toyo Trans Co., Ltd., and in August 2023 established a local subsidiary in the Republic of Kazakhstan to expand its Central Asian base. The company is listed on the Standard Market of the Tokyo Stock Exchange.

The company makes long-term investments in fixed assets such as warehouses and port facilities (book value of ¥30,523 million as of the end of FY2026 (ending March 2026), 54.5% of total assets), generating revenue from storage fees, cargo handling fees, transportation fees, and facility leasing fees. Capital expenditure is funded through long-term fixed-rate borrowings to stabilize financial income and expenses. Through outsourcing and collaboration with group companies, the company achieves multi-location and multi-item handling capabilities. In the International Logistics Business, it provides integrated transportation, warehousing, and customs clearance services through local subsidiaries.

Operating revenue bottomed out in FY2024 (ending March 2024) at ¥34,697 million and has since recovered, reaching ¥38,079 million in FY2026 (ending March 2026), the second-highest level in the past five fiscal periods after FY2023 (ending March 2023) at ¥38,086 million. Operating profit of ¥1,501 million and net profit of ¥1,466 million were both the highest in the past five fiscal periods. In the Domestic Integrated Logistics Business, increased handling volumes of agricultural products, synthetic resins, grains, and containers, along with the collection of appropriate freight rates, contributed to performance. In the International Logistics Business, the rapid expansion of transport to Central Asia made a significant contribution to revenue. Amid continued external factors such as rising prices across the board, labor shortages, and insufficient transport capacity, the promotion of appropriate freight rate collection supported the improvement in profit margins. Cash flow from operating activities improved significantly to ¥3,261 million (up 51.5% year on year). On the other hand, an increase in acquisition of fixed assets (¥3,727 million) expanded net expenditure in investing cash flow, and the period-end balance of cash and cash equivalents decreased to ¥4,007 million (down ¥479 million year on year).