TOYO WHARF & WAREHOUSE CO.,LTD.

Business Details

Comprises four business lines: Warehousing Business (ordinary warehouses, silos, fruit and vegetable warehouses, refrigerated warehouses, hazardous materials warehouses, etc.), Port Transportation Business (bulk cargo and container handling), Motor Transportation Business (transportation and delivery), and Other (marine transportation, customs clearance, facility leasing, in-plant work). Operates in coordination with consolidated subsidiaries and affiliated companies, covering major domestic ports and logistics hubs. In FY2026 (ending March 2026), operating revenue (including intersegment transactions) was ¥32,809 million, accounting for approximately 85% of consolidated total and making this the core segment.

Recent Overview

Warehousing, Port Transportation, and Other Businesses drove growth, with both operating revenue and profit exceeding the prior period. Capital expenditures also expanded.

In FY2026 (ending March 2026), revenue was driven by the Warehousing Business (increased handling of agricultural products and synthetic resins), the Port Transportation Business (increased handling of grain and containers), and Other Businesses (increased leasing income from new facility operations), resulting in segment operating revenue of ¥32,809 million (up 4.9% year on year) and segment profit of ¥1,330 million (up 21.5% year on year). The Motor Transportation Business saw a slight revenue decline due to sluggish movement of beverages and other cargo. Capital expenditures rose 31% year on year to ¥3,367 million, reflecting active infrastructure investment.

Key Products

Growth Drivers

• Expansion of Warehousing Business revenue driven by increased handling of agricultural products and synthetic resins (inbound/outbound volume of 3.58 million tons, up 9.1% year on year)
• Expansion of Port Transportation Business revenue driven by increased handling of grain and containers (bulk cargo volume of 5.11 million tons, up 3.9% year on year)
• Increased revenue from leasing of logistics-related facilities due to full-scale operation of new facilities
• Promotion of appropriate fee collection in response to rising costs
• Operational efficiency improvements through full-scale operation of new core systems and digitalization
• Enhanced social responsibility and competitiveness through carbon neutrality initiatives

Risks

• Constraints on operational capacity due to severe labor shortages and truck driver working-hour regulations
• Profit margin pressure from persistently high work and transportation costs
• Uncertainty in cargo movement due to heightened geopolitical risks, including U.S. trade policy and geopolitical tensions (Middle East situation, Russia-Ukraine war, risk of Strait of Hormuz blockade)
• Ongoing risk from litigation seeking damages related to the Kawasaki Branch fire (2019) (approximately ¥4,157 million from Keihin Biomass Power and approximately ¥1,001 million from Idemitsu Kosan, totaling approximately ¥5,158 million)
• Increasing burden of renewal investment due to aging facilities and equipment (capital expenditures expanding to ¥3,367 million in the current period)
• Risk of continued sluggish cargo movement for certain goods in the Motor Transportation Business