1h fy2019 consolidated results - mitsubishi logistics · 2020-01-16 · fuji logistics support co.,...
TRANSCRIPT
1H FY2019 Consolidated Results
Nov. 7, 2019
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1H FY2019 Consolidated Results Contents
1. 1H FY2019 Consolidated Results Summary
2. 1H FY2019 Consolidated Results (Consolidated Statement of Income)
3. 1H FY2019 Consolidated Financial Condition (Consolidated Balance Sheet)
4. FY2019 Consolidated Earnings Forecast
5. Miscellaneous Information
1
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1. 1H FY2019 Consolidated Results Summary
1. 1H FY2019 Consolidated Results Summary
1-1 Business Environment and Policy
1-2 Subsidiaries and Affiliates
1-3 Consolidated Operating Results (Including Segment Information)
1-4 Consolidated Financial Condition
1-5 Consolidated Cash Flows
2
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-1-1 Business Environment and Policy
In the global economy, China slowed moderately, steady recovery continued in the United States, and the economy in
Europe also gradually improved despite some signs of weakness.
Japan recovered moderately as the country experienced a number of positive trends, including consistent improvement in
the employment environment and a recovery in consumer spending, despite certain signs of weakness, centering on
exports.
Warehouse and Logistics Real Estate
Business Environment in 1H FY2019
Costs increased due to factors including the slow rise in freight volume,
intensification of competition with other companies and labor shortage.
Partial rising trend in rent due to improved demand for rental office
buildings and others.
3
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-1-2 Business Environment and Policy
Our Policy
Logistics Real Estate
[Seishin Distribution Center] [Nihonbashi Dia Building]
Expansion of distribution operations especially for
pharmaceuticals, and expansion reinforcement of operational bases overseas
Securing tenants and maintaining and improving rent
levels
Thorough cost management and further
improvement of efficiency in business operations
4
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
FY2018 1H FY2019 Change
Subsidiaries55
(Logistics 48/Real Estate 7)
55(Logistics 48/Real Estate 7)
No Change
Consolidated Subsidiaries
51(Logistics 44/Real Estate 7)
51(Logistics 44/Real Estate 7)
No Change
Equity-MethodSubsidiaries
ー
(ー)
ー
(ー)No Change
Affiliates15
(Logistics 15)
15(Logistics 15)
No Change
Equity-MethodAffiliates
3(Logistics 3)
3(Logistics 3)
No Change
1-2-1 Subsidiaries and Affiliates
5
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-2-2 List of Consolidated Subsidiaries
Logistics Real Estate
Tohoku Ryoso Transportation Co., Ltd. Monryo Transport Corporation Dia Buil-Tech Co., Ltd.
Sairyo Service Co., Ltd. Hakuryo Koun Co., Ltd. Yokohama Dia Building Management C orporation
Dia Pharmaceutical Network Co., Ltd. Seiho Kaiun Kaisha, Ltd. Chubo Kaihatsu Co., Ltd.
Tokyo Dia Service Co., Ltd. Saryo Service Co., Ltd. Nagoya Dia Buil-Tech Co., Ltd.
Dia Systems Corporation Mitsubishi Logistics America Corp. Osaka Dia Buil-Tech Co., Ltd.
Ryoso Transportation Co., Ltd. Mitsubishi Warehouse California Corp. Kobe Dia Maintenance Co., Ltd.
Unitrans Ltd. Mitsubishi Logistics Europe B.V. T'ACT Co., Ltd.
Keihin Naigai Forwarding Co., Ltd. Fuji Logistics Europe B.V.
Touryo Kigyo Co., Ltd. Mitsubishi Logistics China Co., Ltd.
Fuji Logistics Co., Ltd. Shanghai Linghua Logistics Co., Ltd.
Tokyo Juki Transport Co., Ltd. Shanghai Linghua Qingsheng Logistics Co., Ltd.
SII Logistics Inc. Shanghai Q ingke Warehouse Management C o., Ltd.
Fuji Logistics Support Co., Ltd. Shanghai Lingyun Global Forwarding Co., Ltd.
Kinko Service Co., Ltd. Fuji Logistics (China) Co., Ltd.
Chubu Trade Warehousing Co., Ltd. Fuji Logistics (Dalian F.T.Z.) Co., Ltd.
Meiryo Kigyo Co., Ltd. Fuji Logistics (Shanghai) Co., Ltd.
Ryoyo Transportation Co., Ltd. Mitsubishi Logistics Hong Kong Ltd.
Kyokuryo Warehouse Co., Ltd. Fuji Logistics (H.K.) Co., Ltd.
Hanryo Kigyo Co., Ltd. Mitsubishi Logistics Thailand Co., Ltd.
Shinryo Koun Co., Ltd. P.T. Mitsubishi Logistics Indonesia
Naigai Forwarding Co., Ltd. P.T.Dia-Jaya Forwarding Indonesia
Kyushu Ryoso Transportation Co., Ltd. Fuji Logistics (Malaysia) SDN. BHD.
MY Terminals Holdings, Limited Jupiter Global Limited
Kusatsu Soko Co., Ltd.
Equity-Method Affiliates (3)
Consolidated Subsidiaries (44) Consolidated Subsidiaries (7)
6
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-3-1 Consolidated Operating Results
(Unit: Millions of Yen)
* The initial results forecast for 1H FY2019 was announced on April 26, 2019.
Revenue : Revenue increased by 5% overall. In the Logistics Segment, revenue increased due to a number of reasons including increases in freight handled, although revenue decreased in the international transportation business due to a decrease in freight handled in the warehousing & distribution, land transportation and harbor transportation businesses. In the Real Estate Segment, revenue increased due to an increase in sales of condominiums, although there was a decrease in revenue in the real estate leasing business due to movement of tenants, etc. in the condominium sales business.
Operating Income : 1% increase YOY overall, reflecting increased revenue in the Logistics Segment and decreased revenue in the Real Estate Segment.
Ordinary Income : 3% increase YOY as although equity in earnings of unconsolidated subsidiaries and affiliates decreased, there was improvement in foreign exchange gains and losses.
Profit Attributable to Owners of Parent :
24% increase YOY due to an increase in gain on sales of investment securities, etc.
Initial Results Forecast for 1H FY2019*
Difference between the
Actual Results and the Forecast
115,500 -521 -0.5%
6,200 +409 +6.6%
8,300 +910 +11.0%
6,400 +545 +8.5%
1H
FY2018
1H
FY2019YOY
Revenue 109,979 114,978 +4,999 +4.5%
Operating Income
6,557 6,609 +51 +0.8%
Ordinary Income
8,917 9,210 +292 +3.3%
Profit
Attributable to Owners of Parent
5,598 6,945 +1,347 +24.1%
7
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-3-2 Consolidated Operating Results
6,557 6,609
8,9179,210
5,598
6,945
0
2,000
4,000
6,000
8,000
10,000
1H FY2018 1H FY20191H FY20191H FY2018
109,979114,978
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
R e v e n u e I n c o m eOperatingIncome
OrdinaryIncome
Profit Attributable toOwners of Parent
(Unit: Millions of Yen)
8
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-3-3 Segment Information 1. Revenue
1H FY2018 1H FY2019 YOY
Logistics 93,928 【85%】 95,604 【82%】 +1,676 +1.8%
Real Estate 17,011 【15%】 20,314 【18%】 +3,303 +19.4%
Internal Transactions
-959 - -939 - +19 -
Total 109,979 - 114,978 - +4,999 +4.5%
Logistics : 2% YOY increase overall as although freight handled in the international
transportation business decreased, increases were seen in freight handled in the
warehousing & distribution, land transportation, and harbor transportation businesses.
Real Estate : 19% YOY increase overall as although there was a decrease in revenue in the real
estate leasing business due to movement of tenants, etc. in the condominium sales
business, revenue increased due to an increase in sales of condominiums.
(Unit: Millions of Yen)
* Note: Figures in [ ] show the size of the Logistics and Real Estate Segments as percentages (excluding internal transactions), and therefore total 100% in both columns.
9
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-3-4 Segment Information 1. Revenue
(Unit: Millions of Yen)
Real Estate17,011
Real Estate20,314
Logistics
93,928
Logistics
95,604
Revenue109,979
Revenue114,978
InternalTransactions
-959
InternalTransactions
-939
1H FY2018 1H FY2019
(Unit: Millions of Yen)
10
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-3-5 Segment Information 2. Operating Income
1H FY2018 1H FY2019 YOY
Logistics 3,712 【39%】 4,013 【43%】 +300 +8.1%
Real Estate 5,699 【61%】 5,419 【57%】 -280 -4.9%
ParentCompany’sGeneral Expenses
-2,853 - -2,822 - +31 -
Total 6,557 - 6,609 - +51 +0.8%
Logistics : Operating income increased by 8% although there were increases in personnel
expenses, depreciation and amortization, etc. accompanying increases in freight
handled and reinforcement of facilities.
Real Estate : Operating income decreased by 5% as an increase in real estate sales costs
accompanied an increase in sales of condominiums in addition to an increase in
repair expenses for facilities for lease.
(Unit: Millions of Yen)
* Note: Figures in [ ] show the size of the Logistics and Real Estate Segments as percentages (excluding parent company's general expenses), and therefore total 100% in both columns.
11
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-3-6 Segment Information 2. Operating Income
Real Estate5,699
Real Estate5,419
Logistics3,712
Logistics4,013
OperatingIncome
6,557
OperatingIncome
6,609
Parent Company’sGeneral Expenses
-2,853
Parent Company’sGeneral Expenses
-2,822
1H FY2018 1H FY2019
(Unit: Millions of Yen)
12
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-4-1 Consolidated Financial Condition
End of
FY2018
End of
1H FY2019Change Explanation
Total
Assets482,575 476,510
-6,064 Mainly due to a decrease in investments in securitiesaccompanying a decrease in the market value of shares-1.3%
Total Liabilities
183,470 183,266
-203
Although short-term bank loans and current maturities of long-term debt increased as a result of fund procurement, operating accounts payable decreased in connection with the payment of obligations concerning the condominium sales business for the previous term and deferred income taxes decreased accompanying a decrease in the market value of shares
-0.1%
Net
Assets299,104 293,243
-5,861
Although there was an increase in retained earnings in connection with reporting of profit attributable to owners of parent, shareholders' equity decreased on the whole due to a reacquisition of treasury stock, while net unrealized holding gains on securities decreased accompanying a decrease in the market value of shares
-2.0%
Equity Ratio 61.4% 60.9% -0.5
(Unit: Millions of Yen)
13
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-4-2 Consolidated Financial Condition
(Unit: Millions of Yen)
482,575 476,510
299,104 293,243
61.4%60.9%
50.0%
52.0%
54.0%
56.0%
58.0%
60.0%
62.0%
64.0%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
End of 1H FY2019
Sept. 30, 2019
End of FY2018
Mar. 31, 2019
Equity Ratio
Net Assets
Total Assets
14
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-5-1 Consolidated Cash Flows
1H FY2019 Explanation
Balance at the Beginning of
Fiscal Year (Apr. 1, 2019)42,972
Change during the Period +2,175
Cash Flows from Operating
Activities+8,602
Increase of 8.6 billion yen retained from profit before income taxes, depreciation and amortization, etc.
Cash Flows from Investing
Activities-7,473
Decrease of 7.4 billion yen from acquiring fixed assets, etc.
Cash Flows from Financing
Activities+1,175
Increase of 1.1 billion yen due to an increase in borrowings despite a requisition of treasury stock, payments of dividends, and other factors
Exchange Rate Change -129
Balance at the End of the Period (Sept. 30, 2019)
45,147Increase of 2.2 billion yen from the beginning of FY2019
(Unit: Millions of Yen)
15
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
1-5-2 Consolidated Cash Flows (YOY)
1H FY2018 1H FY2019 YOY Explanation
Balance at the
Beginning of FY39,580 42,972 +3,391
Change during the
Period-2,895 +2,175 +5,070
Cash Flows from
Operating
Activities
+9,112 +8,602 -510
Decreased YOY as notes and accounts payable in the condominium sales business in the previous term decreased, despite an increase in profit before income taxes
Cash Flows from
Investing
Activities
-9,413 -7,473 +1,939Increased YOY due to substantial proceeds from sales of investment securities
Cash Flows from
Financing
Activities
-2,418 +1,175 +3,594
Increased YOY due to redemption of bonds, despite substantial reacquisition of treasury stock
Exchange Rate
Change-175 -129 +46
Balance at the End of the Period
36,684 45,147 +8,462
(Unit: Millions of Yen)
16
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
2. 1H FY2019 Consolidated Results (Consolidated Statement of Income)
2. 1H FY2019 Consolidated Results (Consolidated Statement of Income)
2-1 Consolidated Statement of Income
2-2 Breakdown of Revenue
2-3 Breakdown of Cost of Services
17
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
2-1 Consolidated Statement of Income
1H FY2018 1H FY2019 YOY
Revenue 109,979 114,978 +4,999 +4.5%
Cost of Services 98,089 103,115 +5,025 +5.1%
Gross Profit 11,889 11,863 -26 -0.2%
SG&A 5,332 5,253 -78 -1.5%
Operating Income 6,557 6,609 +51 +0.8%
Non-Operating Income 3,181 2,934 -247
Non-Operating Expenses 821 333 -488
Ordinary Income 8,917 9,210 +292 +3.3%
Extraordinary Income 68 1,723 +1,655
Extraordinary Losses 943 1,093 +150
Profit before Income Taxes 8,042 9,840 +1,798 +22.4%
Income Taxes 2,319 2,806 +487
Profit 5,722 7,033 +1,311 +22.9%
Profit Attributable to
Non-Controlling Interests124 87 -36
Profit Attributable to
Owners of Parent5,598 6,945 +1,347 +24.1%
(Unit: Millions of Yen)
18
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
2-2 Breakdown of Revenue
1H FY2018 1H FY2019 YOY Explanation
Revenue 109,979 114,978 +4,999 +4.5%
Warehouse Storage
12,920 13,629 +708 +5.5%
Increase in the handling of foods, medical supplies, autoparts, etc.
WarehouseCargo Handling
8,855 9,094 +239 +2.7%
LandTransportation
25,788 26,136 +347 +1.3%
Port and HarborOperations
9,517 9,443 -73 -0.8%
InternationalTransportation
25,818 25,434 -384 -1.5%Decrease in the handling of exported and imported freight, etc.
Real Estate Rent 15,781 15,773 -8 -0.1%
Other 11,297 15,466 +4,169 +36.9%Increase in condominium sales in the condominium sales business, etc.
(Unit: Millions of Yen)
19
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
2-3 Breakdown of Cost of Services
1H FY2018 1H FY2019 YOY Explanation
Cost of Services
98,089 103,115 +5,025 +5.1%
OperationalandTransportationConsignmentCosts
48,564 48,554 -10 -0.0%
Personnel Expenses
18,965 19,272 +306 +1.6%Increased due to increases in freight handled and reinforcement of facilities
Facility Rental
Expenses4,767 4,614 -152 -3.2%
Increased in the Logistics Segment overall, due to launches of newly established distribution centers, etc., as well as the transfer of facility rental expenses to depreciation and amortization accompanying the application of IFRS 16 Leases
Depreciation and Amortization
6,121 6,684 +562 +9.2%
Other 19,669 23,988 +4,319 +22.0%Increased real estate sales costs as sales of condominiums increased
(Unit: Millions of Yen)
20
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
3. 1H FY2019 Consolidated Financial Condition (Consolidated Balance Sheet)
3. 1H FY2019 Consolidated Financial Condition
(Consolidated Balance Sheet)
3-1 Assets
3-2 Liabilities and Net Assets
21
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
3-1 Assets
End of FY2018End of
1H FY2019Change Explanation
Assets 482,575 476,510 -6,064
Cash and Deposits 41,337 43,693 +2,356
Increased due to an increase in retention of funds from operating activities, depreciation and amortization, and dividends received during the current term, as well as new loans from banks taken out in the year under review
Real Estate Held for Sale
14,332 12,466 -1,865 Decreased due to sales of condominiums
Buildings and Structures
117,254 115,221 -2,033Decreased due to depreciation and amortization in the first half of the year under review, etc.
Construction in Progress
2,068 7,799 +5,731
Increased as a result of payments for construction work on the SeishinDistribution Center (Phase 2), Minami Honmoku Distribution Center, etc.
Investments in Securities
134,578 126,724 -7,854 Decrease in the market value of shares
(Unit: Millions of Yen)
22
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
3-2 Liabilities and Net Assets
End of FY2018End of
1H FY2019Change Explanation
Liabilities 183,470 183,266 -203
Notes and Operating Accounts Payable
27,396 21,707 -5,689
Decreased in connection with the payment of obligations concerning the condominium sales business for the previous term
Short-Term Loans Payable and Current Portion of Long-Term Loans Payable
26,467 36,258 +9,791 Increased due to new borrowings
Deferred Income Taxes
21,870 19,877 -1,992
Decreased as a result of a decrease in deferred tax payment on evaluation difference due to a decline in the market value of shares
Net Assets 299,104 293,243 -5,861
Retained Earnings 197,675 201,992 +4,317Booked as profit attributable to owners of parent, etc.
Treasury Stock -844 -5,846 -5,001 Purchase of treasury stock
Net Unrealized Holding Gains on Securities
57,098 52,380 -4,717
Decreased as a result of a decrease in valuation difference after deducting tax effect due to a decline in the market value of shares
(Unit: Millions of Yen)
23
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
4. FY2019 Consolidated Earnings Forecast
4. FY2019 Consolidated Earnings Forecast
4-1 Forecast for Revenue
4-2 Forecast for Expenses
4-3 Forecast for Income
24
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
4-1-1 Forecast for Revenue
FY2018
Results
FY2019
YOY1H
Results
2H
Forecast
Full-Year
Forecast
Revenue 227,185 114,978 117,021 232,000 +4,814 +2.1%
Logistics 190,434 95,604 97,295 192,900 +2,465 +1.3%
Real Estate 38,679 20,314 20,785 41,100 +2,420 +6.3%
Internal Transactions
-1,928 -939 -1,060 -2,000 -71 -
(Unit: Millions of Yen)
Logistics : We expect revenue to increase due to an expansion of operations by distribution centers in
both the warehousing & distribution and land transportation businesses and an increase in
revenue from handling containerized cargo in the harbor transportation business, etc.
Real Estate : Although the real estate leasing business is influenced by movement of tenants, etc., we
expect revenue to increase due to an increase in sales of condominiums in the condominium
sales business.
Increased revenue is forecast overall.
25
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
4-1-2 Forecast for Revenue
(Unit: Millions of Yen)
FY2018
Results
FY2019
Forecast
Internal
Transactions
Internal
Transactions
-1,928 -2,000
Logistics
190,434 Revenue
227,185
Real Estate
38,679
Real Estate
Logistics
Revenue
232,000192,900
41,100
26
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
4-2 Forecast for Expenses
FY2018
Results
FY2019
YOY1H
Results 2H
ForecastFull-Year Forecast
Cost ofServices
203,825 103,115 106,684 209,800 +5,974 +2.9%
SG&A 10,699 5,253 5,246 10,500 -199 -1.9%
(Unit: Millions of Yen)
We expect an overall increase in the cost of services. In the Logistics Segment, personnel expenses and
depreciation and amortization are expected to increase accompanying increases in freight handled and
reinforcement of facilities, while in the Real Estate Segment, we expect an increase in real estate sales
costs to accompany an increase in sales of condominiums.
SG&A is expected to decrease due to a decrease in expenses.
27
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
4-3-1 Forecast for Income
FY2018
Results
FY2019
YOY1H
Results
2H Forecast
Full-Year Forecast
Operating Income
12,660 6,609 5,090 11,700 -960 -7.6%
Logistics 7,609 4,013 3,886 7,900 +290 +3.8%
Real Estate 10,783 5,419 3,880 9,300 -1,483 -13.8%
ParentCompany’sGeneral Expenses
-5,731 -2,822 -2,677 -5,500 +231 -
Ordinary Income
17,333 9,210 6,689 15,900 -1,433 -8.3%
Profit Attributable to Owners of Parent
11,564 6,945 5,554 12,500 +935 +8.1%
(Unit: Millions of Yen)
Operating Income : We expect an overall decrease from the previous year with an increase in the Logistics Segment and a decrease in the Real Estate Segment.
Ordinary Income : We expect a decrease from the previous year.
Profit Attributable to Owners of Parent : We forecast an increase from the previous year due to expected improvements inincome from recording a gain on sales of investment securities, etc.
28
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
4-3-2 Forecast for Operating Income
FY2018
Results
FY2019
Forecast
Parent Company’s
General Expenses
-5,731
(Unit: Millions of Yen)
Real Estate
10,783
Logistics
7,609
Operating
Income
12,660Real Estate
9,300
Logistics
7,900
Operating
Income
11,700
Parent Company’s
General Expenses
-5,500
29
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
5. Miscellaneous Information
5. Miscellaneous Information
5-1 Volume Handled in Logistics (Parent)
5-2 Warehouse and Real Estate Leasing Area (Parent)
5-3 Capital Expenditure
5-4 Depreciation and Amortization
5-5 New Facilities
30
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
5-1 Volume Handled in Logistics (Parent)
1H FY2018 1H FY2019 YOY
WarehouseInbound Volume
Quantity 1,3161,000
tons1,347
1,000
tons+2.3 %
Warehouse
Outbound VolumeQuantity 1,326
1,000
tons1,318
1,000
tons-0.6 %
Warehouse
Storage Balance
Quantity 5641,000
tons582
1,000
tons+3.2 %
Amount 384,548million
yen402,442
million yen
+4.7 %
Warehouse
Freight Turnover RateQuantity 39.0 % 38.1 % -0.9
Land Transport Quantity 6,3481,000
tons6,390
1,000
tons+0.7 %
Portand Harbor Operations
Shore Handling
Quantity 39,7711,000
tons39,608
1,000
tons-0.4 %
Onboard Handling
Quantity 31,2491,000
tons29,943
1,000
tons-4.2 %
International Transportation
Quantity 3,0991,000
tons3,203
1,000
tons+3.4 %
31
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
5-2 Warehouse and Real Estate Leasing Area (Parent)
Sept. 30, 2018 Mar. 31, 2019 Sept. 30, 2019
Building Leasing Vacancy Rate
2.5% 2.2% 2.5%
1H FY2018 1H FY2019 YOY
9561,000㎡ 964
1,000㎡ +0.8 %
1,0611,000㎡ 1,086
1,000㎡ +2.4 %
9061,000㎡ 923
1,000㎡ +1.9 %
Warehouse Storage Area (Monthly Average)
Building Leasing Area (Monthly Average)
Real Estate Leasing Area
(Excludes Warehouse Leasing)
32
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
5-3 Capital Expenditure
FY2018 Results: 19.885 Billion Yen(Consolidated Cash Flow Statement “Spending on Fixed Asset Acquisition”)
[Major Projects]
Construction of distribution centers, acquisition of site for distribution center, construction of rental facilities and maintenance and renewal of real estate facilities, etc.
FY2019 Forecast: 24.8 Billion Yen
[Major Projects]
Construction of distribution centers, construction of rental facilities and maintenance and renewal of real estate facilities, etc.
33
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
5-4 Depreciation and Amortization
FY2018 Results FY2019 Forecast Explanation
Total12.995 billion
Yen
14.2 billion
Yen
Logistics6.954 billion
Yen
8.2 billion
Yen
Expected to increase due to launches of newly established distribution centers, etc., as well as the transfer of facility rental expenses accompanying the application of IFRS 16 Leases
Real Estate5.778 billion
Yen
5.8 billion
Yen
Expected to be on par with the previous year as calculations using the declining balance method forecast an increase due to new operation of rental facilities
Corporate Expense
0.262 billion
Yen
0.2 billion
Yen
34
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
5-5-1 New Facilities
Scheduled for completion in November 2019
Location: Suma-ku, Kobe, Hyogo
Total Floor Area: Approx. 57,400 m2
Seishin Distribution Center (Phase 2)
Rendering
Minami Honmoku Distribution Center
Scheduled for completion in February 2020
Location: Naka-ku, Yokohama, Kanagawa
Total Floor Area: Approx. 35,600 m2
Rendering
35
1H FY2019 Consolidated Results PresentationCopyright 2019 Mitsubishi Logistics Corporation All Rights Reserved
Misato No. 2 Distribution Center (Phase 2)
Suma Aqualife Park/Kaihin Park Restructuring Project
5-5-2 New Facilities
Scheduled for grand opening in March 2024
In the Suma Aqualife Park/Kaihin Park
Restructuring Project initiated by the City of
Kobe, the group, including our company and
represented by THE SANKEI BUILDING CO.,
LTD. was selected as one of the preferred
bidders.
Location: Suma-ku, Kobe, Hyogo
Development Area: Approx. 101,900 m2
Scheduled for completion in October 2020
Location: Misato, Saitama
Total Floor Area: Approx. 27,700 m2
Rendering
Perspective image
36
Forecasts in this presentation are based on the information available to the Company’s management as of the date of release, and certain assumptions that are judged as rational. Accordingly, there may be cases in which actual results differ from forecasts in this presentation.
For the Realization of a Rich and Sustainable Society
37