November 13, 2023
The 2nd Quarter of FY2023 (Ended September 30, 2023)
Financial Results Briefing
© LOGISTEED, Ltd. 2023. All Rights Reserved.
Contents
2Q of FY2023 Financial Results
■Overview
■Breakdown by Group
■Detail of Variations for Revenues/Adjusted Operating Income ■Overseas Results by Region
■<Reference> Results by Business Category ■Topics
(Reinforce/Expand Overseas Business, Evolve Smart Logistics, Transportation DX(SSCV), Solidify ESG Management Base, Others)
© LOGISTEED, Ltd. 2023. All Rights Reserved. 1
1H of FY2023 Results (Overview)
(Unit: 100 million yen, rounded off to the nearest integer. < > profit ratios (%).)
FY2022 | FY2023 | |||||
1H | 1H | |||||
Results | Results | Y o Y | ||||
% | Change | |||||
Revenues | 4,120 | 3,909 | 95% | -211 | ||
Adjusted | <5.8> | 239.1 | <5.6> | 217.1 | 91% | -22.0 |
operating income | ||||||
EBIT | <6.0> | 247.9 | <5.5> | 216.0 | 87% | -31.8 |
(Earnings before | ||||||
interest and taxes) | ||||||
Net income attributable | <3.7> | 150.9 | <2.7> | 104.0 | 69% | -46.9 |
to stockholders of the | ||||||
parent company |
© LOGISTEED, Ltd. 2023. All Rights Reserved. 2
1H of FY2023 Results (Breakdown by Group)
(Unit: 100 million yen, rounded off to nearest integer. < >: composition ratio (%). ( ): year-on-year change)
Revenues | Adjusted operating income | ||||||||||
1H | Y o Y | 1H | Y o Y | ||||||||
Domestic logistics | <51> | 1,818 | 100% | 83.0 | 100% | 78% | |||||
Glabal | Overseas | <41> | 1,455 | 91% | 94.2 | 91% | |||||
Allocated to domestic ccompanies | <5> | 181 | 67% | 13.4 | 100% | ||||||
Organic | logistics | (freight forwarding and others) | |||||||||
<46> | 1,636 | 88% | 107.6 | 76% | 92% | ||||||
Subtotal | |||||||||||
Others(logistics-related businesses, etc.) | <2> | 82 | 105% | 11.1 | 146% | ||||||
Total | <100> | 3,537 | 94% | 201.6 | 89% | 87% | |||||
Vantec | Domestic logistics | <78> | 311 | 108% | 18.7 | 174% | |||||
Global logistics (overseas) | <22> | 90 | 103% | 0.9 | 60% | ||||||
Group | |||||||||||
Total | <100> | 402 | 107% | 19.5 | 129% | 160% | |||||
Consolidated adjustiment/amortization of customer-related intangible | - | -29 | (-6) | -4.1 | (-0.3) | ||||||
assets of VANTEC Group, etc. | |||||||||||
Domestic logistics | <54> | 2,113 | 101% | 96.6 | 104% | 86% | |||||
Glabal | Overseas | <40> | 1,544 | 92% | 96.0 | 91% | |||||
Allocated to domestic ccompanies | <5> | 179 | 67% | 13.4 | 100% | ||||||
Total | logistics | (freight forwarding and others) | |||||||||
<44>44% | 1,723 | 88% | 50% | 109.4 | 75% | 92% | |||||
Subtotal | |||||||||||
Others(logistics-related businesses, etc.) | <2> | 73 | 103% | 11.1 | 146% | ||||||
<100> | 3,909 | 95% | 217.1 | 91% | |||||||
Indicates a ratio of Global logistics.
indicates year-on-year changes excluding the effect of changes in company-wide cost allocation rates.
© LOGISTEED, Ltd. 2023. All Rights Reserved. 3
1H of FY2023 Results (Detail of Variations for Revenues)
Revenues (Results)
・Expansion of existing operations | : +49 |
・Decrease in customer logistics, others : -473
(100 million yen) Environmental/volume | 1H of FY22→1H of FY23 | ・Domestic : +31 | ||||||||||||||||||||
changes, etc. | ・USD:¥134 →¥141 | New | ||||||||||||||||||||
4,120 | -424 | ・Global | : +63 | |||||||||||||||||||
・CNY:¥19.9→¥19.8 | collaborative | |||||||||||||||||||||
・EUR:¥139 →¥153 | ||||||||||||||||||||||
innovation | 3,909 | |||||||||||||||||||||
New orders | +23 | |||||||||||||||||||||
Effect of exchange | +94 | |||||||||||||||||||||
fluctuation | ||||||||||||||||||||||
+96 | ||||||||||||||||||||||
+117 | ||||||||||||||||||||||
-211 | ||||||||||||||||||||||
(Unit: 100 million yen) | ||||||||||||||||||||||
Environmental/volume changes, etc. | Effect of | New | ||||||||||||||||||||
Expansion of | Decrease in | exchange | New orders | collavorative | Total | |||||||||||||||||
exsiting | customer | Subtotal | ||||||||||||||||||||
fluctuation | innovation | |||||||||||||||||||||
operations | logistics, etc. | |||||||||||||||||||||
Domestic | 39 | -75 | -36 | 31 | 22 | 16 | ||||||||||||||||
Global | 10 | -400 | -390 | 96 | 63 | 1 | -230 | |||||||||||||||
Others | 2 | 2 | 0 | 2 | ||||||||||||||||||
Total | 49 | -473 | -424 | 96 | 94 | 23 | -211 | |||||||||||||||
1H of FY2022 (Results) | 1H of FY2023 (Results) |
© LOGISTEED, Ltd. 2023. All Rights Reserved. 4
1H of FY2023 Results (Detail of Variations for Adjusted Operating Income)
Adjusted operating income
(Results)
・Expansion of existing operations | : +4.4 |
・Others (Decrease in customer logistics) : -53.4
(100 million yen) | ||||||
Environmental/volume | ||||||
changes, etc. | ||||||
239.1 | -49.1 | ・Domestic :+5.1 | Productivity | |||
・Global | :+4.1 | |||||
New | improvement | 217.1 | ||||
collaborative | +7.2 | |||||
innovation | ||||||
Effect of | New orders | +3.1 | ||||
exchange | +9.1 | |||||
fluctuation | ||||||
+7.7 | +12.2 | +19.4 | ||||
-22.0 |
1H of FY2022 (Results) | 1H of FY2023 (Results) |
© LOGISTEED, Ltd. 2023. All Rights Reserved. 5
1H of FY2023 Results (Overseas Results by Region)
(Unit: 100 million yen, rounded off to the nearest integer. < >:profit ratio(%), ( ):year-on-year change) | |||||||
Revenues | Adjusted operating income | ||||||
FY2022 | FY2023 | FY2022 | FY2023 | ||||
1H | 1H | Y o Y | 1H | 1H | Y o Y | ||
North America | 425 | 412 | 97% | 20.6 | 28.7 | 122% | 139% |
Europe※1 | 580 | 661 | 114% | 48.9 | 51.3 | 84% | 105% |
Asia※2 | 373 | 286 | 77% | 23.1 | 16.9 | 62% | 73% |
China | 308 | 186 | 60% | 16.8 | 5.8 | 23% | 34% |
Consolidated | -1 | -1 | (-0) | -3.9 | -6.7 | (-2.8) | |
adjustment, etc. | |||||||
100 million yen | 100 million yen | ||||||
Total | <6.3%> | <6.2%> | |||||
1,685 | 1,544 | 92% | 105.5 | 96.0 | 74% | 91% | |
*¹ Including Turkey. *² Including Oceania and others.
indicates year-on-year changes excluding the effect of changes in company-wide cost allocation rates.
© LOGISTEED, Ltd. 2023. All Rights Reserved. 6
(Ref.) 1H of FY2023 Results (Breakdown by Business Category)
Reference
Results by Business Category (Estimated)
(Unit: 100 million yen)
1H of FY2022 (Results) | 1H of FY2023 (Results) | ||||
Adjusted | Adjusted operating | Adjusted | Adjusted operating | ||
Revenues | operating | Revenues | operating | ||
margin | margin | ||||
income | income | ||||
Domestic | 1,833 | 107.6 | 5.9% | (5.9%) | 1,823 | 85.2 | 4.7% | (6.0%) | ||||||||
Overseas | 617 | 47.4 | 7.7% | (8.0%) | 744 | 52.1 | 7.0% | (6.0%) | ||||||||
3PL | 2,450 | 155.0 | 6.3% | (6.4%) | 2,566 | 137.3 | 5.4% | (6.0%) | ||||||||
Domestic | 265 | 12.9 | 4.9% | (5.7%) | 176 | 12.8 | 7.3% | (6.5%) | ||||||||
Overseas | 710 | 43.8 | 6.2% | (6.3%) | 395 | 17.5 | 4.4% | (3.7%) | ||||||||
Freight | 976 | 56.7 | 5.8% | (6.2%) | 571 | 30.3 | 5.3% | (4.6%) | ||||||||
forwarding | ||||||||||||||||
Domestic | 271 | 5.8 | 2.1% | (3.7%) | 297 | 13.8 | 4.6% | (4.9%) | ||||||||
Overseas | 355 | 13.6 | 3.8% | (3.9%) | 405 | 24.2 | 6.0% | (5.2%) | ||||||||
Automobile | 626 | 19.4 | 3.1% | (3.8%) | 702 | 38.0 | 5.4% | (5.0%) | ||||||||
Other services | 69 | 8.0 | 11.5% | (11.5%) | 71 | 11.4 | 16.1% | (15.4%) | ||||||||
Total | 4,120 | 239.1 5.8% | 3,909 | 217.1 | 5.6% | |||||||||||
*( ): Excluding amortization of customer-related intangible assets. (Excluding the effect of changes in company-wide cost allocation rates in 1H of FY2023.)
© LOGISTEED, Ltd. 2023. All Rights Reserved. 7
Topics: Reinforce/Expand Overseas Business, Evolve Smart Logistics
Promote global DX originating from Asia
■Established a new logistics system development company* in Malaysia
- Name: LOGISTEED Solutions Asia-Pacific Sdn. Bhd.
- Address: Bangui, Selangor, Malaysia
・Business description:
- Information system development and consulting
- Development and sales of packaged software
- Contract information processing and computer system operation, etc. ・Start of operation: Early in January 2024 (plan)
- Established as a subsidiary of LOGISTEED Solutions, Ltd., our logistics system development subsidiary
- Key roles>
Co-awarded "Technical Packaging Award" and
"Large/Heavy Goods Packaging Category Award" at
Japan Packaging Contest 2023 (August 2023)
■ Change from wooden box for elevator parts to cardboards: Won the Technical Packaging Award
・Special wooden boxes for each product ⇒ Developed shared cardboard packaging materials
■Improvement effect
・Reduced CO2 emissions from procurement through disposal of packaging materials by 43%
・Reduced labor-hours for packaging by 50% ・Reduced labor-hours for disposal by 20%
■Transportation box for reagent exchange robots:
Won the Large/Heavy Goods Packaging Category Award
・Developed a transportation box with ramp using reinforced cardboards
■Improvement effect
- Reduced CO2 emissions from procurement through disposal of materials by 90%
- Reduced labor-hours for unpacking by 50%
(Automation and labor-saving, global core system, etc.) ・Enhance IT governance and information security
・Offshore development (measures against country risk)
Before
・Wooden box
・Required to assemble ramp (ramp is packed separately)
After
・Reinforced cardboards ・No need to assemble ramp (built-in ramp)
Expand topline and strengthen governance through promotion of DX overseas
New company in Malaysia
Existing sites of LOGISTEED Solutions (including representative offices)
© LOGISTEED, Ltd. 2023. All Rights Reserved. 8
Topics: Transportation DX (SSCV), Solidify ESG Management Base
SSCV-Smart: Added "3 new functions"
(October 2023)
■Support safe and secure operation to deal with "2024 issue"
・Link the following three functions of "SUGULOGI*" with SSCV-Smart・Support operational efficiency of both managers and drivers
(1) Navigation system for trucks
・Start navigation without entering destination address through linkage with "Loading/Unloading Information" in SSCV-Smart
(2) Pick-up and delivery destination records
・Display aggregated data including facility information, delivery rules, etc.
・Improve transportation efficiency through drivers' information exchange function
(3) Movement management
・Display drivers' location information on the map ・Optimize work instructions by identifying each
driver's movement
- "SUGULOGI" is a service provided by Geo Technologies, Inc. to digitize communication between managers and drivers.
SSCV-Safety: Received the Good Design
Award (October 2023)
■Recognized for solutions designed to contribute to improvement in transportation safety with the aim of "zero accidents"
Issued Integrated Report 2023
(September 2023)
■Under a strong partnership and a new corporate name, demonstrate initiatives to achieve our vision
Value Creation Story | Employee Roundtable Discussion |
© LOGISTEED, Ltd. 2023. All Rights Reserved. 9
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Logisteed Ltd. published this content on 20 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2023 04:37:07 UTC.