【JP:7065】Stock Price

UPR is a company whose core business is the rental and sale of logistics equipment such as pallets. The company owns and leases wooden, plastic, and metal pallets, nesting racks, and cage carts through domestic sales offices and approximately 200 depots, with rental equipment reaching approximately 5.28 million units.

Its primary customers are warehousing, transportation, and manufacturing companies (automobiles, electronics, food, agriculture, and fisheries) among Japanese and local enterprises, which use the equipment for storage and transportation purposes. The company's revenue is supported by stable rental income and equipment sales, with rental income strengthened through pallet pools that enable multiple users to circulate pallets.

The business is divided into two main segments: logistics operations and solutions operations, with logistics operations serving as the core of rental and sales activities. In solutions operations, the company offers a combination of services including tracking terminals using GPS and active RFID ("Nantui" and "World Keeper"), remote monitoring services ("Nanmoni" and "DX Tag"), assist suits for workers, and car-sharing system provision and operational outsourcing services.

The company has established a Medium-Term Vision 2030 and adopted a new corporate purpose formulated in September 2025 as its management compass. Through selective focus, it aims to expand business operations aggressively not only domestically but also throughout the Asia region. The next five years are divided into a "Structural Reform Phase (fiscal years 2026-2027)" and a "Revenue Expansion Phase (fiscal years 2028-2030)." The company has set quantitative targets of continuous EBITDA growth and ROE of 10% or above, with consolidated sales and operating profit serving as key monitoring indicators for performance management.

The company prioritizes investment in pallet rental and sales operations. Leveraging its scale of approximately 200 depots and rental equipment of approximately 5.28 million pallets, it differentiates itself through "Total Pallet Management." The company maintains a pricing policy focused on profitability and executes concrete measures to reduce operational costs through rental rate reviews, depot consolidation, and introduction of pallet washing equipment, while improving equipment utilization rates and gross margins. Additionally, it aims to expand its customer base through strengthened used pallet sales and synergies between rental and sales operations.

The company clearly targets capturing consistent domestic palletization demand while expanding its sales ratio in Asian markets. Supported by the amended Logistics Efficiency Improvement Act, it promotes the adoption of "integrated palletization" that addresses challenges such as reducing cargo waiting times, thereby stimulating rental demand. It will expand implementation primarily in established strength areas including tissue paper, frozen foods, and brown rice. On the sales front, the company strengthens broad-area and overseas sales operations and consolidates bases, executing specific business expansion measures such as expanding overseas sales networks and establishing new broad-area sales hubs.

The company positions technological innovation at the core of its solutions business and focuses on expanding value-added services combining location-based tracking terminals, remote monitoring services, and work-support equipment. Through business organization restructuring, logistics-related IoT and ICT, vehicle solutions, and assist suits have been consolidated under the Solutions Business Division. By strengthening service development and sales that support improved loading rates and reduced cargo handling times through location-based solutions and remote monitoring, the company aims for growth that simultaneously achieves logistics efficiency and environmental burden reduction.