Message from President

On behalf of Kamigumi and all of our Group companies, we would like to express our warmest wishes to our shareholders and investors, and extend our appreciation for their patronage.
As a result of our initiatives aimed at strengthening our core businesses and creating a foundation for growth towards so as to achieve the medium-term management plan, in our operating results for the 85th fiscal term (April 1, 2023 to March 31, 2024) profit attributable to owners of parent increased year on year, although net sales, operating profit, and recurring profit, all declined year on year.
We would like to take this opportunity to explain the overview of our performance in the 85th fiscal term and our main initiatives for the 86th fiscal term and beyond.

The business environment and operating results for Kamigumi’s 85th fiscal term (ended March 31, 2024)

The logistics services industry during the 85th fiscal term continued to experience a harsh business environment, with flat performance in import cargos as well as such factors as labor shortages and soaring fuel prices, despite signs of a recovery for volume of export cargos.
In this environment, the Group continued to carry out the key measures of the medium-term management plan, such as strengthening core businesses.
However, net sales in the 85th fiscal term declined 2.7% year on year to \266,785 million, as the contribution to revenue from full-scale operations of fuel transportation for biomass power plants was not sufficient to offset the decrease in sales after recording spot orders in marine transportation in the previous fiscal term. In terms of profit, operating profit decreased 3.1% year on year to \30,592 million, recurring profit decreased 2.5% year on year to \34,185 million, and, due to the recording of gain on sale of investment securities, profit attributable to owners of parent increased 1.7% year on year to \25,035 million.

The business environment in the 86th fiscal term (fiscal year ending March 31, 2025) and Kamigumi's initiatives going forward

Concerning the circumstances surrounding the Group, there are many prevailing challenges that must be faced in the business environment, such as preparing for business activities anticipating cost increases driven by a historically weak yen and a society with a shrinking population, and such challenges call for business strategies that properly consider long-term changes.
Under these circumstances, as it enters the final year of its medium-term management plan, the Group will focus on strengthening its warehousing and silo functions, logistics services related to new forms of energy, and expanding its overseas forwarding business, among others, with the entire Group working together on key measures to complete the medium-term management plan.
We ask you to continue supporting and encouraging the Group going forward.