K.R.S.Corporation
9369・Standard Market・Warehousing & Harbor Transportation Services
Joint Logistics Business
Core segment of Kyusho Logistics System handling nationwide joint distribution and storage/cargo handling of food products
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating Revenue (External Customers) - Cumulative Interim Period | ¥69,071 million | ¥67,793 million | ↑ |
| Operating Profit - Cumulative Interim Period | ¥1,248 million | ¥1,628 million | ↓ |
| Operating Profit Margin - Cumulative Interim Period | 1.81% | 2.40% | ↓ |
| YoY Change in Operating Revenue | +1.9% | — | ↑ |
| YoY Change in Operating Profit | △23.4% | — | ↓ |
Business Details
Handles food storage and cargo handling (warehousing/dispatch), nationwide joint distribution, and tank truck (lorry) transport of raw materials such as oils/fats and vinegar. Main affiliated companies include Kyusho Thys Co., Ltd., S.Y. Promotion Co., Ltd., and Kyusho El Plan Co., Ltd., among others. Main customers are food manufacturers and wholesalers such as the Kewpie Corporation group and Nippon Access, Inc., providing temperature-controlled logistics services utilizing a nationwide logistics network covering four temperature zones. This is the group's largest segment, accounting for approximately 67% of consolidated operating revenue.'
Recent Overview
Revenue increased but rising transport/warehouse costs and labor costs significantly squeezed profit, with operating profit down 23.4% YoY
In the interim period of FY2026 (ending March 2026) (December 2025 - May 2026), operating revenue for the Joint Logistics Business increased to ¥69,071 million (up 1.9% year-on-year), supported by appropriate pricing measures and expansion of existing business. On the profit side, however, although revenue growth contributed to profit increase, cost increases in transport, warehousing, and labor exceeded this, resulting in a significant decline in operating profit to ¥1,248 million (down 23.4% year-on-year). The structural challenge of cost increases squeezing profit continues.
Key Products
Growth Drivers
- Improvement of revenue unit prices through continued promotion of appropriate pricing measures
- Boosting operating revenue through expansion of business with existing clients
- Expansion, optimization, and efficiency improvement of the logistics infrastructure under the 8th Medium-Term Management Plan (FY2025-FY2028, ending November)
- Improvement of profit margin through execution of cost improvement measures
- Stable business relationships with major customers such as the Kewpie Corporation group and Nippon Access, Inc.
Risks
- Continuous rise in transport and warehouse costs (increase in contracted vehicle costs and outsourcing costs)
- Increase in labor costs (wage increase pressure due to labor shortages)
- Risk of slowing cargo movement due to continued consumer thrift amid rising food prices
- Continuing structural challenge where, despite revenue growth, operating profit declined 23.4% year-on-year as cost increases squeeze profit
- Uncertainty in the external environment, including concerns over price trends amid tensions in the Middle East
Last updated: February 24, 2026