Q2 FY2018 Financial Results Briefing
Dec. 6, 2018

© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Q2 FY2018 Financial Results

President and CEO, Takashi Mikogami© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

1. Q2 FY2018 Summary
Economic Market Trends
 The world economy continued to maintain steady growth in developed countries,
due to the large tax cut in the US and a recovery in exports in Europe due to depreciation of
the euro.
 Meanwhile, with no resolution to trade frictions between the US and China in sight, there isconcern it will impact the economies of China and other Asian countries in the future. Given
the unpredictable situation in Europe due to Brexit and political risks in Southern Europe, weneed to pay attention to future trends.
 Although the market is growing for material handling equipment and especially forklifts, due
to a shortage of manpower, the competitive environment is still very severe. Therefore, we
intend to achieve additional growth by responding to market trends and satisfying customer
needs.

Summary of Q2 FY2018 Results
 Sales increased 4.8% year-on-year, due to increased sales around the world and revised
pricing.
 Operating profit increased 56.2% year-on-year, due to elimination of one-time expenses, cost
reductions, expanded sales, and decreased amortization of goodwill costs, despite the impactof higher material costs and other expenses.
© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

3

2. Financial Highlights
Unit: Hundred million JPY

Profit and Loss
Statement

FY2017 1H

FY2018 1H

YOY Change

2,056

2,155

+99

+4.8％

80.1

88.0

(3.9％)(4.1％)

+7.9

+9.9％

▲52.1

▲44.1

Operating Profit

28.1

43.9

(Operating profit margin)(1.4％)(2.0％)

Ordinary Profit

26.9

51.4

(Ordinary profit margin)(1.3％)(2.4％)

Sales
Operating Profit(Before amortization of goodwill)(Operating profit margin)

Amortization of Goodwill

Net Income(Net income margin)

Balance Sheet

4.4

25.4

(0.2％)(1.2％)FY2017FY2018 1H

―

―
+15.8

+56.2％+24.5+91.1％+21.0+477.3％

Change from Previous Term

Total Assets

3,749

3,664

▲85

▲2.3％

Total Liabilities

3,126

2,988

▲138

▲4.4％

624

677

+53

+8.4％

Net Assets

FY2017 1H actual FX rates: USD＝JPY111.06, EUR＝JPY126.29, CNY＝JPY16.42
FY2018 1H actual FX rates: USD＝JPY110.26, EUR＝JPY129.85, CNY＝JPY16.75© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

4

3. Business Results by Segment
Sales: Sales increased due to global demand expansion and sales price revision.
2,500

Domestic Business

Unit:
Hundred million JPY

Overseas Business

1,855

Sales

2,000
1,500

1,057

2,056

1,200

China
& Asia
9％

2,155

1,290

Europe (8％)
18％
(17％)

Sales by Region(FY2018 1H)

Japan
40％
(42％)

1,000
500

799

856

865

Americas
33％
(33％)

0
FY2016 1H(Virtual consolidation)

FY2017 1H

FY2018 1H() = previous year

Operating Profit

Operating Profit: Profit increased due to increased sales and cost reductions,despite the impact of higher material costs.
100.0
Operating Profit by Segment
Domestic Business
88.0
Unit:
(FY2018 1H)
Hundred million JPY

80.0

Overseas Business

69.0

60.0
40.0

80.1
44.1

54.4

50.5

20.0

36.0

33.7

FY2017 1H

FY2018 1H

18.5

Overseas
Business
61.7％

Domestic
Business
38.3％

0.0

FY2016 1H(Virtual consolidation)© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

5

4. Sales by Region (incl. impact of exchange rates)
Japan

Unit: Hundred million JPY

1,000.0

855.7

865.3

451.5

440.9

800.0
600.0

424.4

404.2

200.0

FY2018 1H
1Q

Unit: Hundred million JPY

341.2

368.8

332.5

338.8

FY2017 1H

FY2018 1H

2Q

1Q

Unit: Hundred million JPY

Europe

500.0

358.5

383.1

180.7

181.2

200.0
100.0

707.6

0.0
FY2017 1H

300.0

673.7

400.0

0.0

400.0

800.0
600.0

400.0
200.0

Americas

Unit: Hundred million JPY

150.0
100.0

201.9

177.8

0.0

China & Asia

250.0
200.0

50.0

2Q

199.0

168.0

99.0

86.0
82.0

100.0

FY2017 1H

FY2018 1H

0.0
FY2017 1H

FY2018 1H
1Q

2Q© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

1Q

2Q

6

5. Factors that Increased/Decreased
Consolidated Sales (FY2017 1H vs FY2018 1H)
Revenue increased due to higher sales from strong market conditions,mainly in the Americas, China and Asia.
Unit: Hundred million JPY

China & Asia

Europe29.6

Americas

13.9

FX
Impact5.7

2,155.0

Japan

39.1
10.9

2,055.8

FY2017 1H© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Increased by
9.92 billion JPY
FY2018 1H

7

6. Factors that Increased/Decreased Consolidated
Operating Profit (FY2017 1H vs FY2018 1H)
Operating profit increased due to sales expansion and cost reductions
despite the impact of higher material costs and US-China trade war.
Units: Hundred million JPY

Expansion ofsolutions andafter-sales Soaring
businesses material
Cost
costs
Impact of Increased
Gross profit reductions
US-China
increase due to
R&D
6.1
trade war expenses
sales increase/MIX& fixed costs▲17.7
TemporaryFX Consolidated
14.7
costs in China
impact adjustment▲6.6
resolved

▲10.9

16.0

▲1.1

Goodwill
amortization

▲1.1

8.5

Operating profit increased by
0.79 billion JPY
80.1(Before amortization of goodwill)

88.0
▲44.1
43.9

FY2017 1H(Before amortizationof goodwill)© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

FY2018 1H
FY2018 1H(Before amortization (After amortizationof goodwill)of goodwill)87. Consolidated Balance Sheet
Reduced total assets through asset management
aimed at strengthening management base.
3,749

3,664

Item
Current assets

Assets(Tangible fixed assets)

1,876

1,878
Assetsdecreased by
8.5 billion JPY

Total assets

1,786

Liabilities/
Net Assets

FY2017FY2018
1H

Change

1,876
918
782

1,878
854
749

+2
▲ 64
▲ 32

174

183

+9

1,873
3,749

1,786
3,664

▲ 87
▲ 85

Fixed assets
Decreased due to sale of Shin-Kawasaki office building/landand due to amortization of goodwill.

FY2018 1H

3,749

3,664

3,126

Liabilities
decreased by
13.8 billion JPY

624

Net assets
increased by
5.3 billion JPY

FY2017(Investm ents andother assets)

Total fixed assets

1,873
FY2017(Intangible fixed assets)

Units: Hundred million JPY

ItemCurrent liabilities
Fixed liabilities
Total liabilities
Total net assets

2,988

Total liabilities
and net assets

1,614
1,511
3,126
624

FY2018
1H
1,493
1,494
2,988
677

3,749

3,664

FY2017

Change
▲ 121
▲ 17
▲ 138
+53
▲ 85

Current liabilities
Decreased due to repayment of loans.

677
FY2018 1H© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Net assets
Increased in foreign currency conversion adjustment accountdue to depreciation of JPY.

9

8. Consolidated Cash Flow Statement
Cash generated byoperating activities+48.0

Cash used ininvesting activities+101.2

Cash used infinancing activities▲106.4

Unit: Hundred
million JPY

Free cash flow
+14.92 billion JPY+37.7 ▲127.5+114.5▲6.8+91.4
Other cashused ininvestingactivities

Amortizationof goodwill

▲71.2

+46.4
Depreciation
cost

145.5
Pre-tax
profitOther cash
generatedby
operatingactivities+64.7
Decrease in
short-term
loans

Acquisition Sale ofoftangibletangible
fixed
fixed
assetsassets

▲72.0

▲29.6
Decrease in▲11.7
short-term
debt
Decrease inlong-term
debt

+6.8

+0.3

188.5

FX
impactPayment ofdividends
Other cashused infinancing
activities

Cash and cash equivalents increase by 4.3 billion JPY
FY2017
Balance of cash andcash equivalents© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

FY2018 1H
Balance of cash andcash equivalents

109. Financial Forecast for FY2018
Unit: Hundred million JPY

ItemFY2018 1H

FY2018(Results)(Forecast)

58,000 units

118,000 units

Sales

2,155

4,350

Operating Profit

88.0

208.5

(Operating profit margin)(4.1％)(4.8％)

Amortization of
Goodwill

▲44.1

▲83.5

Operating Profit

43.9

125.0

(Operating profit margin)(2.0％)(2.9％)

Ordinary Profit

51.4

110.0

(Ordinary profit margin)(2.4％)(2.5％)

Profit Attributable to
Owners of Parent

25.4

60.0

(1.2％)(1.4％)

Unit Sales(Before amortization of goodwill)(After amortization of goodwill)(Net income margin)

Dividend per Share

―

JPY11

FY2018 Plan rate: USD=JPY110 EUR=JPY130 CNY=JPY16© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

11

(Reference) Key Performance Indicators
Net incom e

Return-on-assets (ROA)

0.8%(3.3%)

1.4%（3.8％）

5.0%(18.6%)

8.1%（22.1％）

2.1%(4.4%)

2.0%（4.1％）

0.7%(2.8%)

1.2%（3.2％）

Total assets
Net incom e

Return-on equity (ROE)
Shareholders' equity
Operating profit

Operating profit margin

Sales
Net income

Net income margin

Sales
Sales

Total asset turnover

Total assets
Sales

Recievables turnover

Account recievables
Cost of sales

Inventory turnover

Inventories
Shareholders' equity

Capital adequacy ratio

Total assets
Interest-bearing debt

D/E ratio

Shareholders' equity
Net income

Earning per share (EPS)
Price earnings ratio(PER)
Price book value ratio(PBR)

Shares outstanding
Share value
Earnings per share
Share value
Book value per share

1.2 times

1.2 times

6.1 times

5.9 times

5.8 times

5.3 times

16.0%

17.9%

3.0 times

2.6 times

JPY 27.6

JPY 46.71

32.4 times

31.7 times

1.6 times

2.4 times© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Improved as net income increased due
to decrease in amortization of goodw illand US tax reform.
Total amortization of goodw ill
FY2017:9.852 billion JPY
FY2018 1H: 4.409 billion JPY

Worsened due to increased inventories,
but inventories are expected to level
tow ard the end of the fiscal year.
Improved due to increased net income
and foreign currency conversion
adjustment account from depreciationof JPY.

EPS and net assets increased, but theindex w orsened as the share valuerose sharply.
End of FY2017:
JPY895End of FY2018 1H: JPY1,482

12

(Reference) Quarterly Financial Results
Note: FY2016 1Q-3Q values based on virtual consolidation

Unit: Hundred million JPY

1,500

Sales

1,000

930

925

1Q

2Q

1,015

1,093

997

1,059

1,085

2Q

3Q

1,190

1,065

1,090

1Q

2Q

500

0
3Q

4Q

1Q

FY20164Q

FY2017FY2018

Unit: Hundred million JPY

80.0

Operating Profit

70.0
60.0

(Before amortization of goodwill)

30.0
20.0

28.8
24.1

10.0

0.0

59.2

46.2

50.0
40.0

69.0

Operating profit

32.4

26.3
24.1

24.1
22.1

4.7

8.3

1Q

2Q

40.2

38.9

25.3

25.8

14.9

13.1

43.1
26.0

© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

37.3
47.6

28.6

17.1

FY2017

22.1

22.0

32.9

3Q
3Q
2Q
4Q
1Q
Operating profit (After amortization of goodwill)

FY2016

50.7

21.4

15.3
4Q
Goodwill

1Q

2Q

FY201813

(Reference) Stock Price Trend
(JPY)
1600

2018
Year’s high: JPY1,509 (Oct 1)
Year’s low: JPY841 (Mar 26)(As of Dec 3, 2018)

October 2017
Established“Mitsubishi Logisnext
Co., Ltd”

Closing priceon Dec 3

JPY1,310

45,00040,0001400

Nikkei Average
1200

(JPY)

35,000Logisnext share value
May 2017
Determined the
management
integration policy

1000

30,00025,000800

November 2012
Announced merger
with Mitsubishi Heavy
Industries Ltd.

600

20,00015,000400
10,000200

April 2013
Established “Mitsubishi
Nichiyu Forklift Co., Ltd.”

July 2015
Announced acquisition of
UniCarriers Corporation shares0
Jan 2008

5,000

0
Jan 2009

Jan 2010

Jan 2011

Jan 2012© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Jan 2013

Jan 2014

Jan 2015

Jan 2016

Jan 2017

Jan 2018

14

(Reference) Company Profile
Company Name

Mitsubishi Logisnext Co., Ltd.

Head Office

1-1, 2-Chome, Higashikotari, Nagaokakyo-shi, Kyoto

Established

August 1937

President and CEO

Takashi Mikogami

Paid-in Capital

4,890 million JPY (as of April 1, 2018)

Business Lines

Design, development, production, and sales of battery
forklifts, conveyor robots, automated warehouseequipment, warehouse management systems,
construction machinery, industrial engines,
transmissions, etc.

Operation Centers
Number of
Employees

Japan: Kyoto, Shiga, Kanagawa, and others
Overseas: United States, Europe, China, Asia, and others
Approx. 11,000 employees

Production Capacity
Approx. 121,000 units
per year© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

15

(Reference) Japan Domestic Network
5 Production Bases and 11 Direct Sales Subsidiaries
Mitsubishi Logisnext
Headquarters (Kyoto)
Office (Tokyo, Kanagawa)11 Direct Distributors②8 bases
Shiga Plant

Headquarters
Kyoto Plant

KonosuPlant(GlobalComponent
Technology)③15 bases① Logisnext UniCarriers② Logisnext Hokkaido③ Logisnext Tohoku④ Logisnext Tokyo⑤ Logisnext Shinetsu⑥ Logisnext Shizuoka⑦ Logisnext Chubu⑧ Logisnext Kinki⑨ Logisnext Chugoku⑩ Logisnext Shikoku⑪ Logisnext Kyushu⑤7 basesOnomichi Plant(UniCarriers Handling
Systems)⑨18 bases⑩7 bases⑪18 bases④36 bases⑦23 bases⑥5 bases①6 branch offices 129 bases nationwide⑧18 bases

Shin-Kawasaki
OfficeMitsubishi Logisnext Office and Plant
Sales Subsidiary Head Office

Azuchi Plant© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

16

(Reference) Overseas Network

Mitsubishi
Caterpillar
Forklift Europe

Mitsubishi Heavy
Industries
Forklift Dalian

UniCarriers
Europe AB

UniCarriers Americas
Corporation

Rocla Oy
Mitsubishi Logisnext Forklift(Shanghai)
Rapidparts

UniCarriers
Manufacturing
Spain S.A

Anhui Hecha
Forklift Co., Ltd.

UniCarriers China
Corporation

Shanghai Nichiyu
Forklift
Manufacturing

Mitsubishi
Caterpillar Forklift
America

Mitsubishi Logisnext
Asia Pacific

Production Base
Mainly Sales Base© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Nichiyu Forklift
Thailand17

Progress of Business Plan

President and CEO, Takashi Mikogami© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

1. Forklift Truck Market Trends(Apr – Sep)

Global market demand for forklifts in the first half of FY2018 increased by 15.2% to 757 thousands units
due to global demand expansion.
Despite concerns of recession due to the US-China trade war, the global market will continue to increase.
EuropeJapan(incl. Middle East & Africa)(1,000 units)

250

222

197

185

264

241

80.4%

84.0% 50
82.0%

81.2% 81.5%80.0%

43

39

76.0%
74.0%

0

70.0%
FY2014 FY2015 FY2016 FY2017 FY2018

55.2%
54.6%

0
FY2014FY2015

48.3%

50
40

40

42

43

49.5% 51.4%
49

57

60.0%

30.0%

30
20
10
0

China
31.3％

757

10.0%

thousand units

FY2015FY2016FY2017FY2018

Japan
5.8％

64.8%

131

136

132

127

70.0%
154

65.0%

62.3% 60.0%

61.1%

55.0%

58.5%

50.0%
45.0%
40.0%

China

In FY2018(Apr.-Sep.)

20.0%

64.7%

FY2014 FY2015 FY2016 FY2017 FY2018

FY2018(1,000units)
250(incl. Middle East 200
Global Market & Africa)

0.0%
FY2014FY2017

Europe

50.0%

40.0%

FY2016

Asia &
Oceania
7.6％(1,000 units)

41.7%

42

20

Asia & Oceania
60

64.0% 180
160
63.2% 62.0%
140
60.0% 120
58.0% 100
56.0% 80
60
54.0%
40
52.0% 20
0
50.0%

61.2%

72.0% 10

51.3%

39

40

74.0%

50

70

44

63.3%

78.0% 30

77.6%

150
100

(1,000 units)(1,000 units)

300

200

Americas

Americas
20.4％

34.9％

150

27.1%
143

237

32.0%

36.0%

32.6%
190

126

135

100
50
0

FY2014FY2015FY2016FY2017

45.0%
40.0%
41.4%
35.0%
30.0%
25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
FY2018Market units© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Percent electric forklifts192. Business Plan for FY2018
Position in FY2018
 Second year of medium-term management plan “Perfect Integration 2020”.
 Fully finish “integration and foundation phase” and smoothly transition to“expansion and development phase”.
 Improve profitability based on existing businesses, synergies, and new businesses.

Based on the above business plan, aim to achieve consolidated sales of 435
billion JPY and operating profit margin of 4.8% in the second half of FY2018.
6,000
Unit:
Hundred million JPY

売上高
Sales

12.0%

Operating profit margin
営業利益率（のれん償却前）(before amortization of goodwill)

5,000

4,331

4,350

4,000
3,000

4.4％

4.8％

4,600

10.0%

7.0％

8.0%
6.0%

First half of FY2018

2,155

2,000

4.0%

hundred million JPY

Medium-term management plan
“Perfect Integration 2020”

1,000
0

Integration & foundation phase
FY2017
actual

FY2018plan© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

2.0%

FY2020Target of medium-term
management plan

Goal

0.0%

Expansion & development
phase
20

3. Progress of Medium-Term Management Plan
In the first half of FY2018, profit margin improved due to increased sales and synergies,
despite higher material costs and US-China trade war.
Implement growth strategies and be sure to capitalize on synergies toexpand business and achieve our medium-term management plan.
Existing
Businesses

FY2018 Progress Released
new models
 Expandedsales
 Selected andconsolidated
businesses,
etc.

Improved
FY2018operatingprofitSynergies
 Consolidated
products
 Expanded
after-sales
 Reduce costs
 Released
integrated
development
products, etc.

New
Businesses Expanded
solutionsbusiness Utilized AI/IoT
technologies,
etc.

Risks
 Soaringmaterial costs Worsening of
FX rates,
etc.

Unit: Hundred million JPY

17.2

320
191.3

208.5

(4.4％)(4.8％)FY2017 actual(Before amortization of goodwill)

FY2018 plan
(Before amortization of goodwill)© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

(7.0％)FY2020 plan
(After amortization of goodwill)21

4. Achieving Improvements in FY2018 2nd Half
Issues surrounding our company••••

Soaring material costs
US-China trade war
Intensifying competition
Advancement of technology,etc.

Priority items for FY2018 2HReduce costs
Revise pricing
Strengthen solutions business
Create synergies and ensure they
bear fruit as soon as possible, etc.
Unit: Hundred million JPY

Incl. impact ofEfficient use
Product
US-China
Incl. impact ofof management
Soaring
consolidation,
trade war
price revisionresources Expansion material
after-sales
Costof solutions
business
costs, etc.
reductionbusinesses
expansion, etc.
Increase in
Increase
R&D,
2.0
in sales, etc.
2.0
fixed costs
Improvement of
26.4
temporary costs
10.0
▲43.3

8.5

▲22.2

33.8

191.3

Amortizationof goodwill

Plan to increase operating profit
by 1.72 billion JPY

208.5

▲83.5

(Before amortization of goodwill)

FY2017 actual(Before amortization of goodwill)© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

125.0

FY2018 plan

FY2018 plan

(Before amortizationof goodwill)(After amortizationof goodwill)22

5. Existing Businesses■Respond to soaring material costs and US-China trade war
 Revise forklift truck pricing in key markets•••

Recordhigh price【Steel price trends】

Revise pricing for the Japanese market
Revise pricing for the US & European markets
Revise pricing for the Asian markets

Mitigate negative impact by shifting the tariff increaseon Chinese parts to pricing and reviewing procurement.

Apr,
2017

Jul

Oct

Jan,
2018

Apr

Jul

Oct

■Develop products for specific regional and customer needs
 New electric forklift•

Release new updated EDiA series electric forklift
for the major market shift to electric models
in Europe.

 Deploy products
equipped with Li-ion batteries•

EDiA electric forklift
for European market

AGRES BX Li-ion forklift
equipped with Li-ion battery

Forklifts equipped with Li-ion batteries
Target heavy users that operate forklifts continuously.

•

Turret truck equipped with Li-ion batteries
Offer Eletruck turret trucks equipped with Li-ion batteries for Toyosu andother fish markets throughout Japan, where turret trucks are mainly used.

© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Eletruck turret truckequipped with Li-ion battery 23

6. Synergies■ Further product consolidation
 Expand sales through product consolidation•

Significantly increase unit sales and market share by deploying multiple brands ofproducts with specific strengths (reach forklifts for Japanese market).
After productconsolidation

Before productconsolidation

Cost
Reduction
Productivity
Improvement

Results

Consolidation
Platterby Nichiyu brand

FRB-8Aby UniCarriers brand

Manufacture and sell models withdifferent functional and design
features for each brand

•

Sales
Expansion
Platterby Nichiyu, TCM and UniCarriers

Manufacture and sell models withsame functional and design features
under multiple brands

Aim to increase production efficiency andexpand market presence by also
consolidating products for other models.

Market unit sales
increased 6％

Unit sales
increased 12％
FY2017-1H
Total Demand© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Market Share
Increase

Our Sales Units

FY2018-1H
Our Sales Share

Comparison of Japanese Reach Forklift Market vs Logisnext Unit Sales
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6. Synergies■ Reorganization of sales bases
 China: Established Mitsubishi Logisnext Forklift (Shanghai) Co., Ltd.
Aim to maximize earnings in the product cycle through direct sales
in high demand areas.
Network of Mitsubishi Logisnext
Forklift (Shanghai)North China Branch(Beijing)
Jiangsu/Shandong
Branch (Suzhou)
INOMA forklift with diesel engine
made in UniCarriers China Corporation

Platter reach forklift
made in Nichiyu Forklift Manufacturing (Shanghai)

Head Office(Shanghai)
East China
Branch(Shanghai)South China Branch (Shenzhen) Malaysia: Transfer a portion of group company TCMM shares to local dealership.
Utilize strong sales capabilities to expand sales.
Outline of TCMM
Company NameTCM Forklift (Malaysia) Sdn. Bhd,

Paid-in Capital

3.9 million MYR (Approx. 98 million JPY)

Sales (FY2017)24 million MYR (Approx. 600 million JPY) Japan: Aim to finish integrating sales
companies by around 2020.
© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

Forklift with large diesel engine (10-16 t)
for Asian market

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7. New Businesses■ Offer solutions at logistics warehouses
Growing needs for automation and mechanization
 Maximize utilization of storage space Offer high lifting height capacities
 Achieve safe working environment

New RACK FORK Autolaser-guided automated forklift
Released to expand the line of automated guided forklifts.
Improve ability to satisfy customer needs and strengthen
measures in growth fields, such as automation technology.
Key features
Effective utilizationof storage space

Laser-guided

Only

Laser Scanner

Equipped with unique
Route Optimizer
operation management system
AGVs* choose the optimal routefor improving work efficiency.

Reach forklift

Practical right angle
stowage passage width

If packaging is1100 mm ×1200 mm© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

* AGV is an acronym for automated guided vehicle.

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8. Topics■ Exhibited at Logi-Tech Tokyo 2018, Japan’s largest exhibition
for material handling and logistics
 Exhibited as Mitsubishi Logisnext for the first time since the company integration,
at Logi-Tech Tokyo 2018, held September 11 to 14, 2018 at Tokyo Big Sight.
 Logistics solutions and products exhibited separately based on four themes:“automation technology”, “advanced technology”, “new solutions”, and “safety technology”.
 Number of visitors (four days): Over 8,400 persons (35％ more than previous time)

Overview of Logisnext booth

Platter Auto laser-guided AGV* model

RACK FORK Autolaser-guided AGV model※AGV: Automated Guided Vehicle© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

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9. Corporate Vision
Revised the Corporate Vision and Management Policy to foster a
new corporate culture and maximize synergies from company integration.

© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

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Disclaimer: This material is prepared for the sole purpose of providing investors with information and
not intended to solicit buying or selling anything.
 Forward-looking statements in this material are based on goals and forecasts,
with no commitment or guarantee as to their accuracy.
 Note that the future business results of Mitsubishi Logisnext may differ from our current forecast.
 Statements concerning the business results are based on various data that we believe
to be reliable, but we do not guarantee the correctness or completeness of such data.
 This material is provided based on the premise that each investor should use it relying on his
or her own judgment and responsibility, whatever the purpose of its use may be.
Mitsubishi Logisnext shall not be liable whatsoever, regardless of the results from using this material.

Please direct inquires regarding this material to the following:
Mr. Kariya or Ms. Kashiwagi
Planning Division
Mitsubishi Logisnext Co., Ltd.
1-1, 2-chome, Higashikotari, Nagaokakyo-shi, Kyoto 617-8585
TEL: 075-956-8610 FAX: 075-951-4038
URL: www.logisnext.com© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.

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© MITSUBISHI LOGISNEXT CO., LTD. All rights reserved.