Message from the President


Message from the President

We would like to hereby express our deep gratitude for your generous support and cooperation.

Under the philosophy of Eiichi Shibusawa, we have sought to contribute to the
society through our corporate activities, developed through 2 pillars of
business, logistics business that is mainly based on the warehousing and
transportation covering land, sea and air, and real estate business
centering on real estate rental business.

In the 72nd fiscal term of our Group(from April 1, 2018 to March 31, 2019),
we continued to proceed with the business strategy in line with the Group’s
medium-term corporate strategy “Step Up 2019” and actively promoted sales activities.
In the logistics business area, we strived to expand single package logistics business or high value-added
businesses, centered on consumer goods. We also worked to develop international logistics service and local
domestic service, enhance management base in the overseas, as well as new sales activities at domestic and
overseas bases. In the real estate business, we have implemented systematic maintenance and improvement
work on existing facilities and strived to improve added value of the current assets, maintain and strengthen
a stable earnings base.

As a result, regarding consolidated business results for the fiscal year, nevertheless damage of the facilities
due to the disaster and temporarily decline of cargo movement had an effect, due to increase of warehousing
service for consumer goods, land transportation, import of the overseas cargos and export of air freights in the
logistics business, and steadily movement of real estate business, consolidated operating revenue rose from the previous fiscal year. Operating income, ordinary income, and profit attributable to owners of parent rose from
the previous fiscal year due to improvement in logistics business, real estate business and equity in income of

With respect to the dividend at the end of the fiscal year, considering the business results for the fiscal year,
it had been decided 23 yen per share. Including interim dividend, the annual dividend for this fiscal year shall be 46 yen per share.

We will continue to strive to enhance our enterprise value, and under the management motto “Challenge, Create,
Cooperate, All for our customers”, we will carry out our policy “customer first”, ” field first”, “safety first”
to aim to continue to be a company that can achieve sound trust from customers and society, by all of our
executives and employees.

We look forward to your continued support and encouragement.

Takeshi Osumi, President