TOYO WHARF & WAREHOUSE CO.,LTD. (9351) Stock Price

Market cap
¥15.2B
P/E ratio
10.9x
Toyo Wharf provides comprehensive logistics services including warehousing, port operations, and freight forwarding across domestic and international markets.

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Business Overview

Toyo Wharf operates primarily in the logistics business, handling warehouse operations, port transportation, automotive transport, and international freight forwarding services. These operations are divided into two segments: domestic comprehensive logistics and international logistics.

In the domestic comprehensive logistics segment, warehouse operations play a key role. Toyo Wharf operates diverse facilities including general warehouses, refrigerated warehouses, and hazardous materials warehouses, providing cargo storage and loading/unloading services. Some operations are outsourced to affiliated companies.

In port transportation, the company performs integrated sea-land operations for bulk cargo using large-scale cargo handling equipment, vessel cargo operations, and container handling. These services are partially outsourced to affiliated companies, enabling efficient logistics delivery.

In automotive transport, the company provides freight transportation using cargo vehicles. Toyo Wharf outsources part of this operation to affiliated companies and leverages an extensive network to provide efficient transport services.

Other operations include maritime shipping, customs clearance, facility leasing, and in-factory operations. Through these services, Toyo Wharf addresses diverse logistics needs.

In the international logistics segment, the company operates international transportation, warehousing, and customs clearance services through affiliated companies such as Toyo Trans and Shanghai Qinglv Toyo Logistics Co., Ltd. This enables the company to build a global logistics network and meet international logistics demands.

Management Policy

Toyo Wharf is pursuing a growth strategy with its 100th anniversary in fiscal 2028 in view. The company aims to "expand its core businesses and demonstrate its unique strengths," promoting the continuation of existing operations, expansion of international logistics, and the launch of new core businesses. Through aggressive business investments, the company is pursuing sustainable development and targeting group operating revenue of 50 billion yen.

The company has formulated a three-year management plan called "Fly to the Next 2025," with fiscal 2025 as the final target year. It is advancing full-scale operations of new revenue-generating businesses, including warehouse construction at the Hitachi-Naka business site and warehouse expansion in Kazakhstan. The company is also participating in CCS (Carbon Capture and Storage) projects to realize a carbon-neutral society.

Facility and equipment upgrades are a key part of the strategy. Toyo Wharf is proceeding with safe and reliable updates to warehouses and cargo handling equipment, and is undertaking facility renovations that account for environmental and disaster prevention measures. This enhances profitability and safety while enabling sustainable operations.

The company also prioritizes securing and developing human resources. In response to demographic decline and changing values, it is securing talent through internship programs and company tours, and promoting diversity. The company is reviewing systems and enhancing employee benefits to create a more comfortable workplace environment.

Digital transformation (DX) initiatives are also a key focus. As a DX-certified business, Toyo Wharf is addressing work style reforms in the logistics industry by utilizing vehicle dispatch systems and truck reservation systems. This improves delivery efficiency and reduces truck waiting times.

During the three-year management plan period, the company is making total related investments of 18 billion yen to strengthen its management foundation. This targets operating revenue of 40 billion yen, operating profit of 1.5 billion yen, and net profit attributable to parent company shareholders of 1 billion yen.

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