SANRITSU CORPORATION
9366・Standard Market・Warehousing & Harbor Transportation Services
SANRITSU CORPORATION
9366・Standard Market・Warehousing & Harbor Transportation Services
Packing Business
Sanritsu's core segment. Responsible for packing and Wooden Case Manufacturing for machine tools, precision equipment, and other products.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales | ¥14,395 million (FY2026 (ending March 2026)) | ¥14,063 million (FY2025 (ending March 2025)) | ↑ |
| Segment profit | ¥1,661 million (FY2026 (ending March 2026)) | ¥1,745 million (FY2025 (ending March 2025)) | ↓ |
| Segment profit margin | 11.5% (FY2026 (ending March 2026)) | 12.4% (FY2025 (ending March 2025)) | ↓ |
| Segment assets | ¥9,727 million (FY2026 (ending March 2026)) | ¥8,137 million (FY2025 (ending March 2025)) | ↑ |
| Capital expenditure (increase in tangible and intangible fixed assets) | ¥1,249 million (FY2026 (ending March 2026)) | ¥1,214 million (FY2025 (ending March 2025)) | ↑ |
Business Details
This segment handles packing and Wooden Case Manufacturing for electronic and communication equipment, glass products, machine tools, medical equipment, and other items. It is operated by the Company and its consolidated subsidiaries Chiba Sanritsu Konpo Unyu Co., Ltd. and SANRITSU LOGISTICS AMERICA Inc., supporting the logistics processes of domestic and overseas manufacturing customers. It is the core segment, accounting for approximately 70% of consolidated net sales, and serves as the central business area in the mid- to long-term vision of "From Operations to Solutions." Its target market is B2B logistics, with particular strength in machine tools, precision equipment, and medical equipment fields.
Recent Overview
Domestic machine tools and power conversion equipment performed well, but profit declined 4.8% year on year due to the impact of US tariffs.
In the Packing Business for FY2026 (ending March 2026), handling of machine tools and power conversion equipment in Japan remained strong, and net sales increased 2.4% year on year to ¥14,395 million. On the other hand, mainly due to the impact of US tariff-strengthening policies, handling of machine tools at the US subsidiary was sluggish, resulting in segment profit declining 4.8% year on year to ¥1,661 million. Segment assets increased to ¥9,727 million, reflecting expanded capital expenditure for the Warehousing Business, among other factors. In the current consolidated fiscal year, Makino Logistics Co., Ltd. was disclosed as a major customer accounting for more than 10% of consolidated net sales, with sales to this customer (combined across the Packing, Transportation, and Warehousing Businesses) totaling ¥2,071 million.
Key Products
Growth Drivers
- Continued strong handling of machine tools and power conversion equipment domestically
- Steady growth in air exports related to semiconductors, driven by AI-related demand
- Expansion of warehouse-based, high-value-added services at the US subsidiary (a priority initiative under the new medium-term management plan)
- Improved profitability through expansion of domestic logistics locations and maximum utilization of existing assets
- Provision of seamless logistics services through expansion of the scope of transactions with customers
Risks
- Risk of decreased machine tool export handling due to US tariff-strengthening policies (already materialized in FY2026 (ending March 2026))
- Risk of fluctuations in handling volume due to production adjustments by major customers (such as Makino Logistics Co., Ltd.)
- Continuation of an uncertain business environment against the backdrop of geopolitical and trade policy risks
- Increased interest expense burden due to higher borrowings associated with expanded capital expenditure such as new warehouse construction
- Cost increase risks such as domestic price inflation and rising labor costs
- Continuing decline in automobile-related maritime exports
Last updated: June 23, 2026