SENKON LOGISTICS CO., LTD. (9051) Stock Price

Market cap
¥7.1B
P/E ratio
21.3x
Sencon Logistics provides transportation, warehousing, and logistics services while also operating Honda vehicle sales, renewable energy, and other businesses across Japan.

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Business Overview

Sencon Logistics operates five business segments: transportation, warehousing, automobile sales, renewable energy, and other businesses. These operations are managed by Sencon Logistics and seven consolidated subsidiaries.

In the transportation segment, Sencon Logistics and Sanin Sencon Logistics handle domestic and import-export cargo transportation, meeting customers' logistics needs.

In the warehousing segment, Sencon Logistics and Sanin Sencon Logistics provide cargo storage, bonded warehouse services for import-export cargo, customs clearance, packaging, and unpacking. This enables comprehensive logistics outsourcing services.

The automobile sales segment is operated by Honda Cars Saitama Nishi Co., Ltd., which purchases, sells, and services Honda vehicles, and Sencon Enterprise Co., Ltd., which handles used vehicle sales and purchases.

In the renewable energy segment, Sencon Enterprise Co., Ltd. operates electricity sales businesses using solar and wind power generation facilities, contributing to sustainable energy supply.

Other businesses include leasing, real estate sales and rentals, and funeral services operated by Sencon Enterprise Co., Ltd., as well as quarrying operations by Sencon Material Co., Ltd. These businesses support the diverse business portfolio of the Sencon Logistics Group.

Management Policy

Senkon Logistics positions logistics as a vital pillar of society and has adopted a basic management policy of providing services tailored to changing customer needs. The company has built an integrated multimodal transportation system combining land, sea, and air transport, and is enhancing logistics services domestically and internationally, with a focus on the Tohoku economic region. The company also views environmental conservation activities as a corporate social responsibility and aims for sustainable business operations.

To respond to changes in the business environment, the company prioritizes solution-oriented sales activities and improved customer satisfaction. While advancing efficiency at logistics operations, the company is promoting the development of business models for individual customers and expanding its business domains. The company is also committed to improving working conditions with attention to employee satisfaction and cultivating professional talent.

Senkon Logistics targets a return on equity (ROE) of 10% or higher and aims to expand operating revenue and ordinary profit while focusing on improving operational efficiency. Through these efforts, the company seeks to enhance corporate value and achieve sustainable growth.

As part of its medium-term management strategy, the company is strengthening its logistics network by leveraging logistics facilities and information and communication technology to provide advanced logistics value that meets diverse customer needs. The company is focusing on strengthening its 3PL business foundation domestically and internationally and developing new services. In international logistics, the company is deploying an integrated multimodal transportation system.

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