First, 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.
Next, we would like to take this opportunity to report on the results of business operations in the first half of Kamigumi’s 85th fiscal term (April 1, 2023 to September 30, 2023).
The logistics services industry continues to face a harsh business environment due to such factors as labor shortages and soaring fuel prices, despite signs of a recovery for volume of export cargos.
Under these circumstances, in order to achieve the goals of the medium-term management plan, the Group supplied services as a company that supports distribution infrastructure, such as by investing in a car terminal operation company at Patimban International Port in Indonesia.
As a result, net sales, operating profit and recurring profit in the six months ended September 30, 2023 were lower year on year as the contribution to revenue from full-scale operations of fuel transportation for biomass power plants was not sufficient to offset the decrease in spot orders in marine transportation in the previous fiscal term. Profit attributable to owners of parent was higher year on year due to the recording of gain on sales of investment securities.
We would like to ask you to continue supporting the Group going forward.