Konoike Transport : Earning presentation material for the 1st Quarter of Fiscal Year Ending March 31, 2024

Financial Results for the 1st Quarter of Fiscal Year Ending

March 31, 2024

Konoike Transport Co., Ltd.

(Securities Code 9025/Prime Market)

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Summary of Consolidated Financial Results for Q1 FY 3/24

Copyright © KONOIKE TRANSPORT CO.,LTD. ALL Rights Reserved.

1

Summary of Consolidated Financial Results for Q1 FY 3/24（YoY）

• Despite lower demand for ocean and air cargo and falling freight rates, net sales increased due to higher volume in the Airport-Related Business stemming from the resumption of international passenger flights, higher unit prices, mainly in contract production services, a recovery in production among customers, and the receipt of orders for large-scale projects.
• Although fuel and electricity prices remained high, operating income rose due to factors including the impact of higher revenue, particularly in the Airport-Related Business, ongoing efforts to improve profitability, which is the basic policy of our new FY3/2023 - FY3/2025 medium-term management plan, launched in April 2022, the receipt of appropriate unit prices, and improved efficiencies.
• Non-operatingincome decreased due to the end of special measures related to employment adjustment subsidies.

	FY 3/23
	Actual
	Q1	Composition
	Ratio
Net sales	76,471	100.0%
Gross profit	7,044	9.2%
SG&A expenses	3,603	4.7%
Operating income	3,441	4.5%
Non-operating income	742	1.0%
Non-operating exspenses	216	0.3%
Ordinary income	3,967	5.2%
Extraordinary income	7	0.0%
Extraordinary loss	205	0.3%
Profit attributable to	2,439	3.2%
owners of parent

FY 3/24

Actual

Q1	Composition
Ratio

76,923	100.0%
7,942	10.3%
3,994	5.2%
3,948	5.1%

1. 0.7%

1. 0.2%

4,279 5.6%

• 0.0%
  15 0.0%

2,622 3.4%

YoY

Amount	Ratio

452 0.6%

1. 12.7%

1. 10.8%

506 14.7%

1. (30.1%)

1. (13.6%)

312 7.9%

1. (47.1%)

1. (92.3%)

182 7.5%

(￥million)

FY 3/24(Reference) Revised Forecasts

Q4	Composition
Ratio

321,000

100.0%

14,000 4.4%

14,000 4.4%

8,500 2.6%

	2
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Summary of Financial Results by Segment for Q1 FY 3/24 （YoY）

• Integrated Solutions Business: Despite the completion of earthquake reconstruction projects in September 2022, revenue increased due to factors including the resumption of international flights in the Airport-Related Business, higher unit prices for production contract work in the Steel-Related Business, and ongoing large-lot spot work. Although fuel and electricity costs remained high, profit rose due to higher revenue, the receipt of appropriate unit prices, and efforts to improve efficiencies.
• Domestic Logistics Business: Revenue increased due to factors including an increase in volume stemming from the operation of a new temperature-controlled warehouse in the Food-Related Business. Although electricity and fuel prices remained high, and we incurred one-time costs related to the establishment of a new location in the Food-Related Business, profit increased due to higher sales stemming from an increase in volume for gas equipment, souvenirs, etc., in the Life-Related Business.
• International Logistics Business: Revenue and profit decreased due to lower demand for ocean and air cargo and falling freight rates, despite an increase in warehousing and transportation volume in America, India, Thailand, and other regions and large-

scale projects.									(￥million)
	FY 3/23*	FY 3/24	YoY			FY 3/24(Reference)
	Actual	Actual			Forecasts
	Q1	Composition	Q1	Composition	Amount	Ratio		Full year	Composition
	Ratio	Ratio		Ratio
Net sales	76,471	100.0%	76,923	100.0%	452	0.6%	321,000	100.0%
Integrated Solutions	46,495	60.8%	49,831	64.8%	3,335	7.2%	197,171	61.4%
Domestic Logistics	12,826	16.8%	13,172	17.1%	346	2.7%	54,355	16.9%
International Logistics	17,148	22.4%	13,917	18.1%	( 3,231)	(18.8%)	69,484	21.6%
Other(Note)	0	0.0%	2	0.0%	1	938.0%	228	0.1%
	Q1	Margin	Q1	Margin	Amount	Ratio		Full year	Margin
Segment income	3,441	4.5%	3,948	5.1%	506	14.7%	14,000	4.4%
Integrated Solutions	3,327	7.2%	3,939	7.9%	612	18.4%	14,370	7.3%
Domestic Logistics	794	6.2%	822	6.2%	28	3.6%	2,598	4.8%
International Logistics	865	5.0%	761	5.5%	( 103)	(12.0%)	2,977	4.3%
Other(Note)	(34)	－	(58)	－	( 24)	－	( 39)	－
Adjustments	(1,511)	－	(1,517)	－	( 5)	－		( 5,901)	－

Note: "Other" represents business segments such as software development and other operations, and is not subject to reporting.    

FY3/23 actual segment figures correspond to the organization of FY 3/24.	3
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Summary of Net Sales Breakdown by Service for Q1 FY 3/24（YoY）

• Steel-Related:Revenue increased, despite the completion of earthquake reconstruction projects in September 2022, due to an increase in unit prices for production contract and ongoing large-lot spot work.
• Engineering-Related:Revenue increased due to large-scale construction projects and other factors.
• Food Products-Related: Revenue increased due to an increase in warehousing and transportation volume and the operation of a new location.
• Medical-Related:Revenue increased due to an increase in volume stemming from the acquisition of new customers in our hospital business.
• Airport-Related:Revenue increased with the resumption of international flights.
• Food-Related(Temperature Controlled): Revenue increased due to an increase in volume stemming from the operation of a new warehouse, etc.

 International-Related: Revenue decreased due to lower demand for ocean and air cargo and falling freight rates.	(￥million)
Business		FY 3/23*	FY 3/24	YoY		FY 3/24(Reference)
	Actual	Actual		Forecasts
Segments		Q1	Composition	Q1	Composition	Amount	ratio	Full year	Composition
		Ratio	Ratio	Ratio
	Net sales	76,471	100.0%	76,923	100.0%	452	0.6%	321,000	100.0%
	Steel-Related	12,296	16.1%	12,576	16.3%	280	2.3%	50,272	15.7%
	Engineering -Related	2,414	3.2%	2,958	3.8%	543	22.5%	11,444	3.6%
Integrated	Food-Related(Food)	8,158	10.7%	8,362	10.9%	204	2.5%	33,475	10.4%
Food Products -Related	12,735	16.7%	13,177	17.1%	442	3.5%	50,520	15.7%
Solutions
Medical-Related	3,427	4.5%	3,664	4.8%	236	6.9%	14,101	4.4%
	Airport-Related	2,629	3.4%	4,247	5.5%	1,618	61.6%	17,550	5.5%
	Life-Related(Life)	4,835	6.3%	4,845	6.3%	9	0.2%	19,805	6.2%
Domestic	Life-Related(Logistics)	8,420	11.0%	8,527	11.1%	106	1.3%	35,652	11.1%
Logistics	Food-Related(Temp-Cntl-Related)	4,405	5.8%	4,645	6.0%	239	5.4%	18,703	5.8%
Logistics	International-Related	17,148	22.4%	13,917	18.1%	(3,231)	(18.8%)	69,484	21.6%
International
-	Other	0	0.0%	2	0.0%	1	938.0%	228	0.1%

Note: FY3/23 actual segment figures correspond to the organization of FY 3/24.	4
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