LOGINET JAPAN CO.,LTD. (9027) Stock Price

Loginet Japan operates as a holding company with regional subsidiaries across Japan, providing integrated freight transportation and logistics management services. The company's core business is truck transport, supplemented by small-package delivery for e-commerce, warehouse management, multimodal transport combining rail and air services, and related services including moving and customs clearance.

The company primarily serves corporate clients including manufacturers, retailers, and e-commerce operators. Revenue is centered on transportation and warehouse usage fees. Additional revenue streams include vehicle and office equipment sales, real estate leasing, insurance agency services, and bottled water sales across the group's diversified operations.

The business is organized into four regional divisions: Hokkaido, East Japan, West Japan, and Kyushu and Other Areas, each with dedicated subsidiaries providing transportation, warehouse, and e-commerce support services. The group also operates multiple business lines including merchandise sales, automotive repair, travel services, and agriculture, creating a stable and diversified revenue base.

Through its "Medium-Term Management Plan 2025-2027," the company aims to achieve consolidated net sales of 100 billion yen by fiscal year 2030. As an interim target for the fiscal year ending March 2028, the company has set net sales of 85 billion yen, ordinary profit of 4 billion yen, and an ordinary profit margin of 4.7%. The company has also established numerical targets including a dividend payout ratio of 35% or higher, total shareholder return ratio of 45% or higher, ROE of 11% or higher, and ROIC of 7% or higher. To achieve these financial targets, the company will pursue enhanced corporate value through capital policies including share buybacks.

Priority investment areas are vehicles, real estate, and information systems, through which the company will strengthen its transportation capacity and revenue base. Specifically, the company will differentiate itself by using "LNJEX"—a nationwide truck-centered transportation network—as its core platform to combine diverse transportation modes and provide optimal transportation solutions. The company is also advancing initiatives to enhance customer value on a one-stop basis through expanded sales of proprietary products aimed at environmental compliance and industry problem-solving, as well as coordination of related services such as moving and bonded customs clearance. On the human resources front, the company is implementing improved compensation, including raising new graduate starting salaries to 350,000 yen per month, positioning the securing of field-level capabilities as a priority investment.

For new market development and business expansion, the company will leverage its network of regional subsidiaries to expand small-package delivery and warehousing services for e-commerce, while advancing entry into international logistics and new business domains. The company aims to increase cargo volume through nationwide expansion via LNJEX, and to stabilize earnings by strengthening diversified revenue sources—such as vehicle sales, leasing, and agency operations—utilizing vehicles and real estate. The company also plans rate adjustments to maintain transportation capacity, with a focus on securing revenue in response to supply-demand fluctuations.

Regarding technological innovation, the company is prioritizing operational efficiency improvements through information system investment and optimization of transportation capacity through in-house development. Specifically, the company will enhance profitability and service quality through digitalization of vehicle dispatch and warehouse operations, optimization using data on inventory and transportation routes, and introduction of warehouse automation, with the aim of achieving ROIC targets. Under a management philosophy oriented toward sustainable logistics, the company will simultaneously pursue environmental impact reduction and efficiency improvements to strengthen long-term competitiveness.