KIMURA UNITY CO.,LTD.
9368・Standard Market・Warehousing & Harbor Transportation Services
KIMURA UNITY CO.,LTD.
9368・Standard Market・Warehousing & Harbor Transportation Services
Business
Kimura Unity Co., Ltd. is a comprehensive services group headquartered in Aichi Prefecture, operating four businesses: Logistics Services, Mobility Services, Information Services, and Human Resources Services. The group comprises the company plus 6 subsidiaries and 8 affiliated companies, with business locations in Japan and overseas. Its main customers are automotive and manufacturing companies, led by Toyota Motor Corporation, with sales to Toyota Motor Corporation amounting to ¥12,136 million (18.8% of net sales). The Logistics Services Business is the core business, accounting for approximately 71% of net sales, providing an integrated range of services from manufacturing of packaging, packing, and storage equipment products to warehousing operations. Overseas, the company operates joint ventures in Brazil, Thailand, Mexico, the United States, and China, pursuing global expansion centered on collaboration with the Toyota Tsusho Group.
Business Model
In the Logistics Services Business, revenue is generated through on-site services such as Packaging, Packing & Warehousing Operations, as well as the manufacturing and sale of storage equipment products. The Mobility Services Business operates a combination of Vehicle Leasing, Vehicle Maintenance, vehicle sales, and Insurance Agency operations, with 36,585 maintenance contract vehicles (FY2026 (ending March 2026)) forming a stable base of recurring subscription-type revenue. The Information Services Business provides System Development Services, maintenance, and Network-Related Services, seeking differentiation through the fusion of "logistics and IT" with the logistics division. The Human Resources Services Business creates synergies by collaborating with the logistics business through Staffing Services and Outsourcing Services.
Company Strengths
Sales to Toyota Motor Corporation reached ¥12,136 million (18.8% of net sales), an increase from ¥11,490 million in the previous fiscal year, reflecting continued deepening of the relationship with this key customer. The Logistics Services Business provides multifaceted services including packaging, packing, and storage equipment products, and the multi-faceted relationship with a single client makes substitution by competitors difficult.
The company has accumulated years of on-site improvement expertise based on the Toyota Production System (TPS). In FY2026 (ending March 2026), gross profit reached ¥12,922 million (up 4.0% year on year) and operating profit reached ¥4,957 million (up 7.7% year on year), with profit growth outpacing revenue growth. Cost improvement effects from enhanced on-site capabilities contributed to margin improvement, and operating profit in the Human Resources Services Business increased significantly by 428.2% year on year.
The company utilizes its proprietary cloud-based vehicle management system, KIBACO (Cloud-Based Vehicle Management System), to develop fleet strategies for large corporate clients by linking vehicle, personnel, organizational, and behavioral data. The number of vehicles under maintenance contracts reached 36,585 units in FY2026 (ending March 2026), forming a stable recurring revenue base. The value of vehicle leasing contracts executed expanded to ¥7,320 million (up 115.1% year on year).
ENVALITH's Perspective
Performance Trend
Revenue rose to ¥64,546 million (up 5.6% year-on-year), returning to growth after one year of decline, driven by new sales expansion in the domestic logistics services business and increased orders from major customers. Operating profit of ¥4,957 million (up 7.7% year-on-year) marked a fifth consecutive year of profit growth and a record high, while ordinary profit of ¥5,769 million (up 12.7% year-on-year) marked an eighth consecutive year of profit growth and a record high. An increase in equity-method investment income from ¥391 million to ¥656 million also boosted ordinary profit. On the other hand, due to the recording of extraordinary losses totaling ¥707 million—comprising a ¥231 million impairment loss at a US subsidiary and ¥392 million in special retirement benefits at a Chinese subsidiary—net profit attributable to owners of the parent decreased to ¥3,203 million (down 2.9% year-on-year), marking a decline after one year of growth. Operating cash flow decreased to ¥3,674 million (from ¥4,844 million in the previous period) due to an increase in trade receivables and other factors. For FY2027 (ending March 2027), the company forecasts revenue of ¥66,000 million and net profit of ¥3,850 million (up 20.2% year-on-year), which would represent a new record high.
Growth Strategy
Toward achievement of the Medium-Term Management Plan 2026, the company is advancing domestic sales expansion, overseas restructuring, IT integration, and fleet strategy
New domestic sites launched in FY2025 (ended March 2025) are progressing steadily. The company continues to strengthen customer proposals through its comprehensive capabilities combining logistics services with IT, and forecasts Logistics Services Business net sales of ¥46,200 million (up 0.7% year on year) and operating profit of ¥5,100 million (up 2.2% year on year) for FY2027 (ending March 2027).
Tianjin Kimura Shinwa Logistics Co., Ltd., whose profitability had declined, will be dissolved within FY2026, with operations transferring to Changshu Kimura Shinwa Logistics Co., Ltd. (established February 27, 2026; operations scheduled to begin June 2026). The company aims to rebuild the profit base of its China operations and achieve a recovery in profit once reorganization costs have run their course.
The company is promoting a fleet strategy encompassing vehicle management BPO for large enterprises and maintenance BPO for leasing companies, together with an area strategy that combines sales and vehicle maintenance functions to expand share within existing customers. For FY2027 (ending March 2027), it forecasts net sales of ¥15,400 million (up 3.4% year on year) and operating profit of ¥1,300 million (up 7.1% year on year).
The company is strengthening its ability to propose solutions that integrate logistics services with IT, promoting deeper penetration of existing major clients and acquisition of projects related to new technologies such as AI and cloud. For FY2027 (ending March 2027), it forecasts high growth with net sales of ¥3,200 million (up 19.6% year on year) and operating profit of ¥450 million (up 22.9% year on year).
For FY2026 (ending March 2026), the company implemented an annual dividend of ¥34 per share (payout ratio of 43.6%). For FY2027 (ending March 2027), it plans an annual dividend of ¥38 per share (forecast payout ratio of 40.6%). The company maintains its policy of targeting a 40% consolidated payout ratio while balancing active investment in priority areas with maintenance of its financial base.
Last updated: July 19, 2026