ENVALITH
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Kamigumi Co.,Ltd.

9364Prime MarketWarehousing & Harbor Transportation Services

株式会社上組 logo
Kamigumi Co.,Ltd.9364

Logistics Business

Kamigumi Group's core segment. A comprehensive logistics business encompassing port transportation, warehousing, and domestic and international transportation.

PeriodCurrentPreviousChange
Operating Revenue¥261,097 million¥243,104 million
Segment Profit¥31,536 million¥28,688 million
Segment Profit Margin12.1%11.8%
Depreciation and Amortization¥11,886 million¥10,971 million
Goodwill Amortization¥417 million
Increase in Tangible and Intangible Fixed Assets¥13,958 million¥5,056 million
Segment Assets¥270,064 million¥253,553 million

Business Details

This segment comprises Port Transportation (cargo handling at ports, container terminal operations, warehouse storage, etc.), Warehousing (cargo storage and loading/unloading operations), Domestic Transportation (motor freight transportation), International Logistics Business (international multimodal transport, etc.), and overseas transportation and related businesses. It is the core business, accounting for approximately 88% of the Group's total operating revenue (before elimination of inter-segment transactions), and International Transportation expanded following the consolidation of SAURASHTRA FREIGHT PVT. LTD., based at Mundra Port, India, as a subsidiary.

Recent Overview

Revenue and profit increased due to consolidation of the overseas subsidiary and higher domestic handling volume; goodwill of ¥11,081 million was recorded.

In FY2026 (ending March 2026), International Transportation revenue increased 28.9% year on year following the acquisition and consolidation of SAURASHTRA FREIGHT PVT. LTD., which operates container cargo handling/storage and NVOCC businesses at Mundra Port, India. In Port Transportation, handling volumes of feed, grain, and fruits and vegetables, as well as containers, remained solid, while in Warehousing and Domestic Transportation, spot cargo contributed to increased handling volumes. Segment operating revenue was ¥261,097 million (up 7.4% year on year), and segment profit was ¥31,536 million (up 9.9% year on year). The goodwill balance at the end of the fiscal year for the Logistics Business was ¥11,081 million (with amortization of ¥417 million recorded during the fiscal year).

Key Products

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Port Transportation

Handling volumes of feed, grain, and fruits and vegetables remained solid, and container handling volume also increased. Operating revenue for the fiscal year was ¥139,151 million (up 6.5% year on year).

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Warehousing

Spot cargo contributed to an increase in loading/unloading handling volume. Operating revenue for the fiscal year was ¥41,162 million (up 5.1% year on year).

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Domestic Transportation

Spot cargo contributed to an increase in transportation handling volume. Operating revenue for the fiscal year was ¥35,330 million (up 10.3% year on year).

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International Transportation

Revenue increased significantly following the consolidation of SAURASHTRA FREIGHT PVT. LTD. as a subsidiary during the fiscal year. Operating revenue for the fiscal year was ¥14,315 million (up 28.9% year on year).

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Factory Cargo Handling Contracting

Operating revenue for the fiscal year was ¥29,162 million (up 2.0% year on year).

Growth Drivers

  • Increased handling volume of feed, grain, fruits and vegetables, and containers in Port Transportation
  • Expanded handling volume driven by increased orders for spot transportation in Warehousing and Domestic Transportation
  • Expansion of International Transportation through consolidation of SAURASHTRA FREIGHT PVT. LTD. (Mundra Port, India) as a subsidiary
  • Expanded share of the domestic base business through full consolidation of Nippon Port Consultants Co., Ltd.
  • Advancement of global business establishment and domestic base strengthening initiatives under the Medium-Term Management Plan 2030

Risks

  • Profit pressure from labor shortages and rising labor costs (salaries and allowances in SG&A rose 13.3% year on year to ¥14,281 million)
  • Rising management costs, including surging fuel costs
  • Impact on import/export cargo volumes from US trade policy, Middle East situation, etc.
  • Constraints on revenue growth due to broadly flat trends in import/export cargo handling volume
  • Amortization burden of goodwill (¥11,081 million) related to the acquisition of SAURASHTRA FREIGHT PVT. LTD., and impact after completion of purchase price allocation
  • Foreign exchange risk at overseas subsidiaries (consolidated foreign exchange loss of ¥216 million recorded)

Last updated: June 25, 2026