ISEWAN TERMINAL SERVICE CO.,LTD. (9359) Stock Price

Ise Bay Shipping is a logistics company that primarily handles cargo handling and terminal operations at ports, warehouse storage, and arranges transportation of international freight. Through its group of consolidated subsidiaries and overseas bases, the company provides comprehensive services ranging from barge transportation and warehouse cargo handling to customs clearance and arrangements for air and maritime shipping.

The company's main customers are manufacturers and trading companies engaged in import-export operations, with their primary business centered on receiving, storing, and delivering cargo at operational sites, as well as handling customs procedures. Revenue is primarily generated from logistics services including port cargo handling, warehouse storage, freight forwarding, and customs brokerage. International operations through domestic and overseas subsidiaries and affiliated companies also contribute to sales.

The company's business segments include port transportation (container terminal management, cargo handling, barge transportation), warehousing, freight forwarding (arranging ship, air, and land transportation), customs brokerage, air freight agency services, packaging, waste transportation and recycling, and general cargo trucking. Domestic subsidiaries handle port operations, customs clearance, and truck transportation, while overseas subsidiaries manage warehousing, transportation arrangements, and air cargo handling, thereby building a global logistics network.

Under its medium-term management plan titled "Challenge ~ Connecting Logistics for the Future," the company aims for sustainable growth and enhanced corporate value. Near-term financial targets include revenue of 55 billion yen, with net profit of approximately 2.35 billion yen in the first year, followed by revenue of 55 billion yen and operating profit increased from 2.8 billion yen to 2.9 billion yen in the subsequent year. The company plans to stabilize its earnings base through reforms of existing operations and new business initiatives. Additionally, the company is sharing management principles (MISSION/VISION/VALUE) that account for natural disasters and geopolitical risks across the organization, aiming for medium to long-term growth through organizational unity.

The company is advancing investments in both "soft" and "hard" infrastructure to differentiate itself. Specifically, it is implementing system investments including information security policy updates and promotion of digitization and digitalization, while automating certain cargo handling equipment to improve operational efficiency and reduce labor requirements. On the human capital front, the company is executing a core human resources system overhaul project and strengthening internal audits of overseas subsidiaries to enhance governance. These measures reinforce the credibility of its competitive advantage in providing one-stop services from port operations through customs clearance to transportation arrangements.

The company positions overseas expansion as a critical growth strategy and is actively developing new markets. As a concrete example, it has opened a Chengdu branch in Sichuan Province, China, expanding cargo handling not only in coastal regions but also inland areas. The company is also expanding overseas training programs and developing global talent to strengthen sales capabilities leveraging its overseas network. These efforts prepare the company for export contraction risks stemming from Japanese manufacturers' overseas relocation, while targeting increased overseas cargo handling and acquisition of local customers.

The company places technological innovation at the core of its management strategy, continuing to advance DX and robotics initiatives. Beyond strengthening information security systems, the company is promoting business digitalization for improved visibility and automating certain cargo handling operations to address labor shortages and changing work practices, thereby improving productivity. Rather than focusing solely on technology adoption, the company emphasizes operational implementation at the field level, combining technology introduction with human resource development to ensure new systems take root effectively.