Securities Code : 9301
May 16, 2025
Contents Ⅰ. FY2024 Consolidated Results P3
Ⅱ. FY2025 Business Forecast P12 | |
Ⅳ. Topics P23 |
Copyright 2025 Mitsubishi Logistics Corporation All Rights Reserved.
FY2024 Consolidated Results 2
Summary of Consolidated Results for FY2024
Results
The results for FY2024 surpassed the full-year forecast announced on January 31, 2025
Forecast
(Unit: Billions of yen)
Made steady progress in expansion of areas served
Difference
Logistics Business
Revenue | 270.0 | 284.0 | +5.2% |
Operating profit | 20.0 | 20.3 | +1.6% |
Ordinary profit | 16.7 | 18.6 | +11.5% |
Net profit | 30.6 | 31.8 | +4.1% |
Appropriate Response to the Year 2024 Problem
Maritime fares exceeded initial forecasts from the beginning of the period
Real Estate Business
Two new facilities entered service as planned
Begun initiatives to expand the business portfolio ahead of the next business plan
Results
Target
Achieved targets laid out for the final year of the current Business Plan [2022-2024]
Results
Target
(Unit: Billions of yen)
Operating profit 20.0 20.3
ROE 7% 8.2%
Accelerated reductions in cross-shareholdings
In FY2024, 32.5 billion yen worth of cross-shareholdings were sold, exceeding the 17.0 billion yen sold in FY2023 by 15.5 billion yen
Sales of 40.0 billion yen or more targeted over the three years of the current Business Plan [2022-2024] reached 61.5 billion yen, Expected to sell more in fiscal 2025 than in fiscal 2024
Shareholder returns
Share buybacks
Share buybacks of 30.0 billion yen or more targeted over the three years of the current Business Plan [2022-2024] reached 40.0 billion yen
Dividends
Increased dividends over the course of the Business Plan [2022-2024] continued, with the targeted DOE of 2% or higher raising to 3%
Copyright 2025 Mitsubishi Logistics Corporation All Rights Reserved. FY2024 Consolidated Results 3
Ⅰ. FY2024 Consolidated Results
Consolidated Operating Results
Revenue
Revenue increased 11.6% overall thanks to higher revenue in the Logistics Segment and Real Estate Segment
Operating Profit Operating income increased by 7.2% overall, reflecting a decrease in the Logistics Segment coupled
with an increase in the Real Estate Segment
Ordinary Profit Ordinary profit declined by 23.6% due to the recording of an equity-method investment loss by ITL
Profit Attributable to Owners of Parent
Profit attributable to owners of parent increased 14.7%, primarily due to a gain on disposal of non-current assets and gain on sale of investment securities under extraordinary income
(Unit: Billions of yen) | FY2023 | FY2024 | YoY | Adjusted Forecast for FY2024* | Difference between Actual Results and Adjusted Forecast | ||
Revenue | 254.5 | 284.0 | +29.5 | +11.6% | 270.0 | +14.0 | +5.2% |
Operating Profit | 18.9 | 20.3 | +1.3 | +7.2% | 20.0 | +0.3 | +1.6% |
Ordinary Profit | 24.3 | 18.6 | -5.7 | -23.6% | 16.7 | +1.9 | +11.5% |
Profit Attributable to Owners of Parent | 27.7 | 31.8 | +4.0 | +14.7% | 30.6 | +1.2 | +4.1% |
* The business forecast for the fiscal year under review is based on the forecast figures announced on January 31, 2025
Copyright 2025 Mitsubishi Logistics Corporation All Rights Reserved.
FY2024 Consolidated Results
4
Ⅰ. FY2024 Consolidated Results
Segment Information Revenue
Logistics Business Warehousing and Distribution Business:
Revenue increased by 2.0% thanks to contributions from Cavalier over the full year, along with increased handling of pharmaceuticals and food
Land Transportation Business: Revenue jumped 7.2% from increased handling of electrical equipment and pharmaceuticals
Harbor Transportation Business: Revenue fell 4.1% in connection with reduced container cargo freight handled
International transportation business:
Revenue jumped 23.6%, in part due to Cavalier contributing to results over the full year
Segment revenue improved 9.3%
Real Estate Business Real Estate Leasing Business: Revenue increased by 3.1% with new
facilities including Shibaura Dia Building and Kobe Suma Sea World enter service
Others:
Increased revenue from the sale of real estate (condominium sales)
Segment revenue increased by 23.8%
(Unit: Billions of yen) | FY2023 | FY2024 | YoY | ||
Logistics Business | 217.4 | 237.6 | +20.2 | +9.3% | |
(Warehousing and Distribution Business) | 67.0 | 68.4 | +1.3 | +2.0% | |
(Land Transportation Business) | 51.4 | 55.1 | +3.6 | +7.2% | |
(Harbor Transportation Business) | 23.9 | 22.9 | -0.9 | -4.1% | |
(International transportation business) | 66.8 | 82.5 | +15.7 | +23.6% | |
(Others) | 8.1 | 8.5 | +0.3 | +4.9% | |
Real Estate Business | 38.6 | 47.7 | +9.1 | +23.8% | |
(Real Estate Leasing Business) | 31.2 | 32.1 | +0.9 | +3.1% | |
(Others) | 7.3 | 15.6 | +8.2 | +111.3% | |
Internal Transactions | -1.5 | -1.3 | +0.1 | - | |
Total | 254.5 | 284.0 | +29.5 | +11.6% | |
Copyright 2025 Mitsubishi Logistics Corporation All Rights Reserved.
FY2024 Consolidated Results
5