Industries›7 companies · latest full-year results
An industry responsible for storage, cargo handling, packaging, distribution, and international freight forwarding, serving as critical infrastructure for SCM optimization.
The 7 warehousing & logistics companies we cover had combined revenue of ¥1.6T (+3.9% year over year) and operating profit of ¥128.8B, an industry-wide operating margin of 8.0%.
Mitsui-Soko leads on revenue (¥299.5B, a 18.5% share), and the top three hold 54% of industry sales. 4 grew both revenue and operating profit; 1 saw both fall.
Kamigumi has the highest operating margin (12.4%); average pay across the industry is ¥7.29M, highest at Mitsubishi Logistics (¥9.43M).
Industry total
Warehousing & Logistics · 7 companies
YoY compares companies with prior-year figures
StockShares are +16.3% over a year, ahead of the all-industry average (+14.9%) — #21 of 53 industries.Details
GuidanceCompany plans for FY2027 (7 companies combined): revenue +4.4%, operating profit +4.8%. Planned profit growth is below the all-industry plan (+13.0%).Details
Revisions1 raised and 1 cut this year's forecast. The biggest revision: Yokorei (operating profit +45.8%).Details
Latest resultsYear to date through Q1, 4 companies combined: revenue +5.6%, operating profit −3.6% year over year. 1 are ahead of an even pace toward their full-year plan, 1 behind.Details
Disclosures4 TSE filings in the last 90 days (guidance revisions 2, buybacks 1, M&A and restructuring 1).Details
Earnings dates5 companies report within 30 days, starting with Sumitomo Warehouse on Nov 5 and Mitsui-Soko on Nov 6.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥22.1B | ¥23.0B | +4.0% | Unchanged | 25% |
| ¥36.5B | ¥34.3B | −6.1% | Unchanged | 25% |
| ¥15.9B | ¥15.5B | −2.7% | Down −11.4% | 53% |
| ¥23.8B | ¥26.7B | +12.1% | Unchanged | 19% |
| ¥11.4B | ¥12.2B | +6.9% | Unchanged | 29% |
| ¥14.8B | ¥16.3B | +10.4% | Unchanged | 50% |
| ¥4.2B | ¥7.0B | +65.2% | Up +45.8% | 88% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Warehousing & Logistics | −4.3% | −8.6% | +16.3% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −1.6pt | −7.7pt | +1.4pt |
Rank among industries:3M #50/531Y #21/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
Yokorei: Salmon bet triggers ¥24.2bn charge, ¥13.8bn loss
Mitsubishi Logistics: to buy Hankyu Hanshin Express for ¥121.3bn
Mitsubishi Logistics: Ends buyback, to cancel 6.7m shares
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥299.5B | +6.7% | ¥22.1B | 7.4% | 18.5% | ¥7.93M | 42.1 | 265 |
| 2 | ¥294.8B | +5.6% | ¥36.5B | 12.4% | 18.3% | ¥7.04M | 41.6 | 3,633 |
| 3 | ¥273.4B | −3.7% | ¥15.9B | 5.8% | 16.9% | ¥9.43M | 40.7 | 1,026 |
| 4 | ¥269.9B | +8.9% | ¥23.8B | 8.8% | 16.7% | - | 42.2 | 43 |
| 5 | ¥196.2B | +1.5% | ¥11.4B | 5.8% | 12.2% | ¥8.44M | 37.9 | 918 |
| 6 | ¥155.5B | +6.0% | ¥14.8B | 9.5% | 9.6% | ¥4.93M | 44.2 | 880 |
| 7 | ¥125.6B | +2.7% | ¥4.2B | 3.4% | 7.8% | ¥5.97M | 36.6 | 1,446 |
| Industry total / average | ¥1.6T | +3.9% | ¥128.8B | 8.0% | 100% | ¥7.29M | 40.8 | 8,211 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
Mitsubishi Logistics: FY2027 revenue raised, profit outlook cut
