Overview of the SENKO Group

Strategies for Sustained Growth

Data Section

Foundation for GrowthTen-year Financial and Nonfinancial Highlights
FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

FY2023Operating revenues

Business results (millions of yen)
Operating revenues

333,883

398,447

434,000

455,435

492,127

529,609570,030

572,405

623,139696,288

Operating costs and expenses

299,039

357,431386,321405,757

440,671471,129

503,687

500,653

534,352

595,013

Selling, general and administrative expenses

22,72227,36630,181

32,59534,36938,84745,68650,23564,01575,738Operating profit

12,122

13,64917,497

17,081

17,087

19,631

20,656

21,516

24,771

25,535

Ordinary profit

11,305

13,234

17,17817,301

17,316

19,876

20,74422,227

26,103

26,151

9,503

11,681

12,081

14,24915,233

15,341

12,893

10,547

10,677

17,841

17,596

20,036

Net income attributable to owners of parent

6,503

7,073

8,542

8,950

Comprehensive income

7,045

9,804

8,630

12,249Per-share information (yen)Net assets per share

539.52581.46613.71661.61

741.44785.08823.61909.55985.67

1,075.69

Net income per share

51.89

55.06

60.43

61.67

62.64

76.90

79.51

93.87

104.09102.90Net income per share after adjustment for residual shares

45.17

50.41

56.32

58.74

58.08

71.31

73.75

78.44

91.99

91.11

Annual dividend

16.00

17.00

20.00

22.00

22.00

26.00

26.00

28.00

34.00

34.00

Financial position (millions of yen)
Net assets

72,302

92,743100,009

114,090

118,056

126,895

134,181

146,120

160,854

179,103

Total assets

243,570

285,309269,461

285,958

333,972

340,491

356,308

436,066

480,818

581,850

Cash flows from operating activities

10,68919,22816,14920,84824,56727,02231,09831,85831,88547,694

Cash flows from investing activities(24,956)(17,978)(2,288)(3,678)(37,020)(15,770)(18,030)(46,309)(46,141)(52,319)

Cash flows from financing activities

14,551

6,209(21,492)(8,626)

9,940(13,224)(9,155)36,757

5,773

17,730Cash and cash equivalents at end of year

17,66725,476

17,76526,197

23,79522,801

27,14250,371

42,19356,147

3.63%

3.43%

4.03%

3.75%

3.47%

3.71%

3.62%

3.76%

3.98%

3.67%

33.70%

35.00%

35.10%

30.90%

30.50%

27.60%

529,6092019/3570,030 572,405

2020/32021/3Operating profit
19,631

20,656

21,516

2019/32020/32021/3(Millions of yen)

623,1392022/3696,2882023/3(Millions of yen)
24,771

25,5352022/32023/3

Net income attributable(Millions of yen)
to owners of parent
14,249
11,681

12,081

2019/32020/3

15,233

15,3412022/32023/3

Decision-making indicators
Operating profit margin (%)
Equity ratio (%)

27.80%

28.40%

32.60%

35.10%

Return on assets (ROA) (%)

5.01%

5.00%

6.19%

6.23%

5.59%

5.89%

5.95%

5.61%

5.70%

4.92%

Return on equity (ROE) (%)

9.80%

9.50%

10.10%

9.50%

8.90%

10.10%

9.90%

11.00%

10.80%

10.00%

Price earnings ratio (PER)

8.63

14.17

11.35

11.63

13.22

11.95

10.54

11.16

8.63

9.18

Final share price at end of fiscal year (yen)

448

780

686

717

828

919

838

1,048

898

945

Price book-value ratio (PBR)

0.83

1.34

1.12

1.08

1.12

1.17

1.02

1.15

0.91

0.88

Number of employees

8,738

11,562

11,992

13,915

14,496

16,004

16,69319,194

20,72523,727

Number of drivers

2,534

4,000

4,024

4,105

5,051

5,397

5,450

6,004

6,226

6,708

Number of operators

3,692

4,528

4,496

4,575

5,143

5,429

5,602

6,135

6,011

9,481

79

86

86

111

133

132

131

141

161

176

2021/3

Net assets ( )Equity ratio ( )35.00(Millions of yen)
(%)

35.10
30.90

146,120
126,895 134,181

30.50

27.60

160,854

179,1032022/32023/3

Nonfinancial information

Number of group companies
Modal shift ratio (%)
Total warehouse floor space (tens of thousands of square meters)

—

—

—

63.4%

65.7%

69.8%

70.0%

74.9%

76.1%

64.7%

252

280

293

322

342

366

387

392

406

447

3,352

4,540

4,745

4,426

5,179

5,525

5,790

6,229

6,727

6,960

Number of ships under management

19

18

18

18

68

69

69

69

69

72

Of which, number of owned ships

11

11

11

11

34

34

33

38

40

40

Number of vehicles (tractors)*During the fiscal year ended March 31, 2023, the company finalized the provisional accounting treatment for business combinations. As a result, principal management
allocation of the cost of acquisition resulting from the finalization of provisional accounting treatment.

indicators and other figures related to the fiscal year ended March 31, 2022, reflect important revisions to the initial

Outside recognitionis participating (SENKO Group Holdings Co., Ltd. and SENKO Group companies)

Initiatives in which the Group

2023 Constituent MSCI JapanESG Select Leaders Index*1
2023 Constituent MSCI Japan Empowering
Women Index (WIN)*1*1 Neither inclusion in MSCI indexes nor use of MSCI’s logo, trademarks, service marks, or index names on this page should be construed to indicate the support, guarantee, or promotion of SENKO Group
Holdings Co., Ltd. by MSCI or its affiliates. MSCI indexes are the exclusive property of MSCI. The names and logos of MSCI and its indexes are trademarks or service marks of MSCI and its affiliates.

53

SENKO INTEGRATED REPORT 2023

ISO14001

ISO14001

ISO14001●Certified organization / 4 branches of SENKO
Co., Ltd. and Sankyo Freight Co., Ltd.
Tokyo Nohin Daiko Co., Ltd.
●Certification No. / JQA-EM1492●Certifying institution / JQA (Japan Quality
Assurance Organization)●Certified organization / Smile Corp.
●Certification No. / JQA-EM7663●Certifying institution / JQA (Japan
Quality Assurance Organization)●Certified organization / Harcob
Co., Ltd.
●Certification No. / EMS542855●Certifying institution / BSIGroup Japan

2019/32020/32021/3Return on equity (ROE)

11.00
10.10

2019/3

10.80

9.90

2020/32021/32022/3(%)

10.00

2023/3

Green Management Certification●Certified organization / 9 business sites at
SENKO Co., Ltd.; SENKO Line Co., Ltd.; Atsugi
Senko Transport Co., Ltd.; Chushikoku Logistics
Co., Ltd.; Eikichi Kaiun Co., Ltd.; Minami Kyushu
Senko Co., Ltd.; Tokyo Nohin Daiko Co., Ltd.;
Kitanihonunyu Corporation●Certifying institution / Foundation for Promoting
Personal Mobility and Ecological Transportation

SENKO INTEGRATED REPORT 2023

54

Overview of the SENKO Group

Strategies for Sustained GrowthFoundation for Growth

Data Section

Financial Review
During the fiscal year under review, the Group’s pursuit of M&As combined with Group-wide efforts to grow sales andrevise the fee and cost picture to address challenges including rising electricity, fuel, and prime costs and a fall-off in
special demand associated with the pandemic. As a result, we achieved year-on-year increases in operating revenue,
operating profit, ordinary profit, and net income attributable to owners of parent.
FY2022 (1H)

FY2023 (fiscal year
under review)Operating revenues(hundreds of millionsof yen)Operating revenues(hundreds of millionsof yen)Change(hundreds ofmillions of yen)

Percentagechange (%)

Food logistics

822

869

46

5.6

Chain store logistics

837

943

106

12.6

Fashion logistics

495

525

30

6.1

Other logistics

396

506

110

27.7

2,550

2,842

292

11.4

Housing logistics

617

617

0

0.0

Chemical logistics

849

892

43

5.1

Other logistics

390

407

18

4.5

4,406

4,758

353

8.0

1,461

1,598

137

9.4

Living Support

288

390

102

35.3

Business Support

76

107

31

40.7

Products

—

106

106

—

Adjustment

0

3

3

—

6,231

6,963

731

11.7

Distribution
logistics
Logistics
Business

Trading & Commerce

Total

55

Vs. previous fiscal year

Logistics
Business

Despite challenges including increases in the cost of electricity and fuel and a rapid decline infreight movements during the second half of the fiscal year, operating revenues rose 35,267 million
yen from the previous year to 475,833 million yen while segment profit rose 472 million yen to
23,748 million yen thanks to factors including efforts to grow sales and revise prices andcontributions from M&As.

Trading &Commerce

Despite the contribution from Cartas Co., Ltd., a home-use paper wholesaler that became aconsolidated subsidiary last fiscal year, and efforts to revise prices, boost sales, and improve the cost
picture, factors including declining demand for packaging materials used in takeout and delivery
services and rising supply costs weighed on performance as operating revenues rose 13,697 million yen
from the previous year to 159,821 million yen. Segment profit fell 26 million yen to 2,421 million yen.

LivingSupportThanks to factors including growth in customer volume and store foot traffic as a result of the
post-pandemic normalization of daily life and contributions from new stores and M&As, operating
revenues rose 10,172 million yen from the previous year to 38,985 million yen, while segment profit
rose 894 million yen to 186 million yen.

Business
SupportThanks to factors including efforts to grow sales and improve the cost picture and contributions
from M&As, operating revenues rose 3,107 million yen from the previous year to 10,733 million yen,while segment profit rose 152 million yen to 1,252 million yen.

Products

Chuo Kagaku, which became a consolidated subsidiary during the fiscal year under review, realized
an operating loss of 180 million yen on business revenue of 10,604 million yen.

SENKO INTEGRATED REPORT 2023

Assets, liabilities, and net assets

Total
assetsTotal assets as of March 31, 2023, were 581,850 million yen, an increase of 101,032 million yen
from the previous year. Current assets came to 201,773 million yen, up 30,739 million yen from theend of the previous fiscal year. That result reflects increases of 13,490 million yen in cash and cash
equivalents; 5,303 million yen in trade accounts, notes receivable, and contract assets; 6,013 million
yen in merchandise and finished goods; 2,290 million yen in raw materials and supplies; and 1,920
million yen in other current assets. Non-current assets were 380,077 million yen, an increase of70,293 million yen from the previous fiscal year. That result reflects increases of 58,973 million yen
in property, plant and equipment; 1,226 million yen in intangible assets; and 10,093 million yen in
investments and other assets.

Liabilities

Total liabilities as of March 31, 2023, increased 82,783 million yen from the end of the previous
fiscal year to 402,747 million yen. Current liabilities totaled 165,357 million yen, up 27,710 million
yen from the end of the previous fiscal year. That result reflects increases of 5,383 million yen in tradeaccounts and notes payable, 2,015 million yen in electronically recorded obligations, 4,208 million
yen in short-term loans, 2,260 million yen in lease obligations, and 13,100 million yen in othercurrent liabilities. Non-current liabilities totaled 237,389 million yen, up 55,072 million yen from theend of the previous fiscal year. That result reflects increases of 37,546 million yen in long-term loans,
9,052 million yen in long-term lease obligations, 1,428 million yen in retirement benefit liabilities,
1,093 million yen in asset retirement obligations, 2,853 million yen in deferred tax liabilities, and
2,871 million yen in other non-current liabilities.

Net assets

Net assets as of March 31, 2023, were 179,103 million yen, an increase of 18,248 million yen fromthe previous year. That result reflects increases of 10,247 million yen in retained earnings, 2,327
million yen in foreign currency translation adjustment, and 4,578 million yen in non-controllinginterests. As of March 31, 2023, the equity ratio was 27.6%, a decrease of 2.9 percentage points
from the end of the previous fiscal year.

Capital expenditures and depreciation
Capital expenditures in the fiscal year under review totaled 41,853 million yen. Principle expenditures included
19,401 million yen on building expansion and related projects (primarily in the Logistics business), 8,490 million yen inproperty purchases and related transactions (primarily in the Logistics business), and 4,444 million yen on vehicle andtransport equipment (primarily in the Logistics business).
Depreciation in the fiscal year under review rose to 22,429 million yen from 19,817 million yen the previous fiscal year.

Cash flows
Cash and cash equivalents at the end of the fiscal year under review rose 13,953 million yen from the end of theprevious fiscal year to 56,147 million yen.
Net cash provided by operating activities came to 47,694 million yen. This was mainly due to income before income
taxes of 25,736 million yen, depreciation of 22,429 million yen, and increased funds due to a decrease in tradereceivables and contract assets of 9,704 million yen, which collectively offset a decrease in funds due to a decrease inaccrued liabilities of 3,243 million yen and income taxes paid of 9,223 million yen.
Net cash used in investing activities came to 52,319 million yen. This was mainly due to purchase of property, plantand equipment of 34,578 million yen and purchase of shares of subsidiaries resulting in change in scope of consolidationof 15,500 million yen.
Net cash provided by financing activities came to 17,730 million yen. This was mainly due to net decrease of
short-term loans of 5,149 million yen, repayments of long-term loans of 13,424 million yen, repayments offinance/lease liabilities of 6,603 million yen, and dividends paid of 5,089 million yen, which offset proceeds fromlong-term borrowing of 48,346 million yen.
SENKO INTEGRATED REPORT 2023

56

Overview of the SENKO Group

Strategies for Sustained GrowthFoundation for Growth

Data Section

Consolidated financial statements
Consolidated balance sheets(Millions of yen)

As of March 31, 2022

As of March 31, 2023

AssetsCurrent assets
Cash and cash equivalents
Trade accounts and notes receivable, and contract assets
Electronically recorded obligations - operating
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery and equipment, vehicle and vessels
Accumulated depreciation
Machinery and equipment, vehicle and vessels, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Retirement benefit asset
Guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Deferred assets
Business commencement expenses
Total deferred assets
Total assets

57

SENKO INTEGRATED REPORT 2023

(Millions of yen)

As of March 31, 2022

As of March 31, 2023

Liabilities
45,09391,893
3,543
14,18395845
15,411(34)

58,583
97,197
4,476
20,197909
3,136
17,332(59)

171,033

201,773

Current liabilities
Trade accounts and notes payable
Electronically recorded obligations - operating
Current portion of bonds payable
Short-term loans
Lease obligations
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for loss on disaster
Other

50,6759,076
24
36,335
4,632
5,052
6,585
427
416
24,42056,058
11,091—40,543
6,892
5,113
7,544
420
170
37,521

137,646

165,357

40,00022,08186,746
15,970
573
196
336
7,050
950
5,120
3,291

40,00022,054
124,292
25,022
608
256
494
8,479
2,044
7,973
6,163

182,317237,389

319,963402,747

28,47931,54591,737(8,159)28,47931,318
101,984(7,712)

143,602

154,070

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans

1,472
70
755
916

1,668
(2)
3,082
1,690

Total accumulated other comprehensive income

3,215

6,439

Total current liabilities
Non-current liabilities
Bonds payable
Convertible bonds with share acquisition rights
Long-term loans
Lease obligations
Provision for retirement benefits for directors (and other officers)
Provision for special repairs
Provision for share awards
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
Other

187,259(96,162)
91,096
101,063(73,248)
27,815
13,528(10,611)
2,917
90,31323,823(8,890)14,932
4,562
231,639

215,311(103,396)
111,914
100,872(70,635)
30,23622,004(18,454)3,549
114,478
38,250(13,425)
24,824
5,608
290,612

12,104
11,94924,054

11,727
13,55325,28017,957279
7,703
14,388
5,115
9,066
(418)
54,091

20,248541
10,207
17,034
5,571
11,360(780)
64,184

309,784

380,0770—Share acquisition rights
Non-controlling interests

388
13,648366
18,2260—Total net assets

160,854

179,103

480,818

581,850

480,818

581,850

Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity

Total liabilities and net assets

SENKO INTEGRATED REPORT 2023

58

Overview of the SENKO Group

Strategies for Sustained Growth

Data Section

Foundation for Growth

Consolidated financial statements

Consolidated statements of income(Millions of yen)

Fiscal year ended
March 31, 2022

(April 1, 2021 - March 31, 2022)

Fiscal year ended
March 31, 2023

623,139696,288

Operating costs and expenses

534,352

595,013

Operating gross profit

88,786

101,274

Selling, general and administrative expenses

64,01575,738Operating profit

24,771

25,535Interest income

100

132

Dividend income

286

198

Share of profit of entities accounted for using equity method

402

370

Revenue from subsidies

531

244

Rental income from land and buildings

356

402

Other

1,670

1,925

Consolidated statements of changes in equity

Total non-operating income

3,349

3,273

Fiscal year ended March 31, 2022 (April 1, 2021 - March 31, 2022)

Interest expenses
Other
Total non-operating expenses
Ordinary profit

1,244

1,668

772

989

2,016

2,658

26,103

26,151

Extraordinary income
1,469

Subsidy income

248

279

Gain on sale of non-current assets

111

253

Gain on sale of investment securities

—

40

359

2,043

Impairment losses

31

1,540

Loss on tax purpose reduction entry of non-current assets

253

279

Loss on retirement of non-current assets

182

271

Loss on office withdrawal—

184

Compensation expenses

298

132

Loss on cancellation of leases

202

50

Provision for loss on disaster

416—

Loss on COVID-19 impact

211—

Loss on sale of non-current assets

43—

Total extraordinary income
Extraordinary losses

Loss on disaster

28

—

12

—

Provision of allowance for doubtful accounts

3—

Total extraordinary losses

1,684

2,458

Income before income taxes

24,77825,736

Income taxes - current

8,831

8,907

Income taxes - deferred

(230)

507

Total income taxes

8,601

9,415

Net income

16,177

16,320Net income attributable to owners of parent

SENKO INTEGRATED REPORT 2023

Balance at beginning of period

16,320

(337)
47
781
927
—
1,419
17,596

207
(81)
2,353
773
463
3,715
20,036

16,609987

18,566
1,469(Millions of yen)
Accumulated other comprehensive income

SharecapitalCapitalsurplusRetainedearnings

TreasurysharesTotalshareholders’ equity

Valuationdifferenceonavailablefor-salesecurities

Deferred
gains orlosses onhedges26,56429,806

81,211(4,638) 132,944

1,759

32

1,915

1,915
(4,708)15,233

3,830(4,708)15,233

—
—
—

3,830
(4,708)15,233(3,661)
100
(136)

—
—
—

(3,661)100(136)

RemeaForeign
surements
currencyof definedtranslation
benefitadjustment
plans

57

(10)

Total
Share
accumuacquisition
lated otherrightscomprehensive
income1,839

410

Noncontrollinginterests

Total net
assets

10,926

146,120

Issuance of new shares
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares(3,661)
139

(39)
(136)

Change in ownership interestof parent due to transactions
with non-controlling interests

Provision of allowance for doubtful accounts for subsidiaries and associates

Net income attributable to non-controlling interests

Shareholders’ equity(April 1, 2022 - March 31, 2023)

16,177

Changes during period—

Gain on bargain purchase

Fiscal year ended
March 31, 2023

(April 1, 2021 - March 31, 2022)

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Equity equivalent amount in equity-method affiliates
Total other comprehensive income
Comprehensive income
Total comprehensive income attributable to:
Owners of parent
Non-controlling interests

Operating revenues

Non-operating expenses(Millions of yen)

Fiscal year ended
March 31, 2022

(April 1, 2022 - March 31, 2023)

Non-operating income

59

Consolidated statements of comprehensive income

943

979

15,233

15,341

Net changes in items otherthan shareholders’ equity, net
Total changes during period
Balance at end of period

—

(287)

38

697

927

1,375

(21)

2,721

4,075

1,915

1,739

10,525(3,521)

10,658

(287)

38

697

927

1,375

(21)

2,721

14,73428,47931,54591,737(8,159) 143,602

1,472

70

755

916

3,215

388

13,648160,854

Fiscal year ended March 31, 2023 (April 1, 2022 - March 31, 2023)
Shareholders’ equity

Balance at beginning of period(Millions of yen)
Accumulated other comprehensive income

SharecapitalCapitalsurplusRetainedearnings

TreasurysharesTotalshareholders’ equity

Valuationdifferenceonavailablefor-salesecurities

28,47931,54591,737(8,159) 143,602

1,472(5,093)
15,341—(5,093)
15,341————(5,093)
15,341

(0)
217
3

—
—
—

(0)
217
3

Deferred
gains orlosses onhedges70

RemeaForeign
surements
currencyof definedtranslation
benefitadjustment
plans

755

916

Total
Share
accumuacquisition
lated otherrightscomprehensive
income3,215

388

Noncontrollinginterests

Total net
assets13,648160,854

Changes during period
Issuance of new shares
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares

(230)
3

Change in ownership interestof parent due to transactions

(0)
447

with non-controlling interests
Net changes in items other

—

196

(72)

10,467196(72)(7,712) 154,070

1,668

(2)

than shareholders’ equity, net
Total changes during period
Balance at end of period—(227) 10,247

28,47931,318 101,984

447

2,327

(22)

4,578

773

3,224

2,327

773

3,224

(22)

4,578

18,248

3,082

1,690

6,439

366

18,226

179,103

7,781

SENKO INTEGRATED REPORT 2023

60

Overview of the SENKO Group

Consolidated statements of cash flows(Millions of yen)

Fiscal year ended
March 31, 2022

(April 1, 2021 - March 31, 2022)

61

24,77819,8171,071
2(2,232)
874
218
186
416
(386)
(251)
1,244
(68)
253
(248)
—
—
31
182
—
298
202
(5,123)(592)
3,654(1,685)22(837)

Fiscal year ended
March 31, 2023

(April 1, 2022 - March 31, 2023)

25,73622,4291,333
158(2,504)
583
398
158
(246)
(330)
(167)
1,668
(253)
279
(279)
(1,469)
(40)
1,540
271
184
132
50
9,704
(1,050)(3,243)
878
(377)
1,827

Subtotal

41,83057,371

Proceeds from subsidy income
Interest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities248
377(1,249)(9,321)
31,885279
936(1,669)(9,223)47,694

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Payments for investments in capital of subsidiaries and associates
Purchase of investment securities
Payments for guarantee deposits
Proceeds from collection of guarantee deposits
Purchase of shares of subsidiaries resulting in change in scope of consolidation
Other
Net cash provided by (used in) investing activities(2,071)
2,028(30,311)907(730)(5,668)(653)(1,097)354(8,837)(60)(46,141)(2,934)
3,476(34,578)799(1,131)—(1,666)(2,023)
1,631(15,500)(391)(52,319)

Cash flows from financing activities
Net increase (decrease) in short-term loans
Proceeds from long-term loans
Repayments of long-term loans
Repayments of finance lease obligations
Proceeds from issuance of bonds
Redemption of bonds
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Payments from changes in ownership interests in subsidiaries that do not result in change in scope of consolidation
Other
Net cash provided by (used in) financing activities

4,671
22,563(4,035)(5,359)10,000(13,288)(3,630)(4,704)
(148)
(249)
(45)
5,773

(5,149)48,346(13,424)(6,603)—(24)(0)(5,089)
(275)
(29)
(18)
17,730304

848

Net increase (decrease) in cash and cash equivalents(8,177)

13,953

Cash and cash equivalents at beginning of period

50,371

42,193

Cash and cash equivalents at end of period

42,19356,147

Effect of exchange rate change on cash and cash equivalents

SENKO INTEGRATED REPORT 2023

Data Section

Foundation for Growth

Share Status and Company Profile

Consolidated financial statements

Cash flows from operating activities
Income before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Decrease (increase) in retirement benefit asset
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for share awards
Increase (decrease) in provision for loss on disaster
Interest and dividend income
Foreign exchange losses (gains)
Interest expenses
Loss (gain) on sale of non-current assets
Loss on tax purpose reduction entry of non-current assets
Subsidy income
Gain on bargain purchase
Loss (gain) on sale of investment securities
Impairment losses
Loss on retirement of non-current assets
Loss on office withdrawal
Compensation expenses
Loss on cancellation of leases
Decrease (increase) in trade receivables and contract assets
Decrease (increase) in inventories
Increase (decrease) in accrued liabilities
Increase (decrease) in accrued consumption taxes
Decrease (increase) in consumption taxes refund receivable
Other

Strategies for Sustained Growth

Share Status(As of March 31, 2023)

Company profile(As of March 31, 2023)

Listed exchange:

Prime Market, Tokyo Stock Exchange

Trade name:

SENKO Group Holdings Co., Ltd.

Stock code:

9069

Established:

September 1916

Authorized shares:

294,999,000

Incorporated:

July 1946

Outstanding shares:

157,070,496

Head Office:2-8-10 Shiomi, Koto-ku, Tokyo, Japan

Representative:

Yasuhisa Fukuda, President andRepresentative Director

Share capital:

28,479 million yen

Number of shareholders: 29,489

Administrator ofshareholders’ register

Mitsubishi UFJ Trust and Banking
Corporation
Osaka Stock Transfer Agent Division
3-6-3, Fushimimachi, Chuo-ku,
Osaka 541-8502, Japan

Group employees: 23,727
Group companies: 176

Number
Percentageof shares
held(Thousands)

Major shareholders
The Master Trust Bank of Japan, Ltd.

20,19613.02%

Custody Bank of Japan

18,037

11.63%

Asahi Kasei Corporation

11,676

7.53%

SENKO Group Employee’s Stockholding

7,616

4.91%

STATE STREET BANK AND TRUST COMPANY

5,569

3.59%

JPMORGAN CHASE BANK

4,067

2.62%

Mitsubishi UFJ Trust and Banking Corporation

4,060

2.62%

Isuzu Motors Ltd.

4,039

2.60%

Sekisui Chemical Co., Ltd.

3,393

2.19%

Aioi Nissay Dowa Insurance Co., Ltd.

3,169

2.04%

Main group companies
Domestic
SENKO Co., Ltd.
Runtec Corporation
Tokyo Nohin Daiko Co., Ltd.
SENKO A Line Amano Co., Ltd.
Nippon Marine Co., Ltd.
ACROSS TRANSPORT Corp.

Shareholders by type

SENKO Shoji Co., Ltd.

Treasure stock

Smile Corp.

1
1,947,369
1.24%

Financial institutions
39
61,686,118
39.27%

Individuals andothers28,87826,694,468
17.00%

Overseas
financial
institutions
and individuals

Chuo Kagaku Co., Ltd.

Overseas
Dalian Tri-Enterprise Logistics Co., Ltd.

Shareholders
by type261
30,718,286
19.56%

Other domestic corporations
277
33,508,341
21.33%AST Corporation

Shanghai Senko International Freight Forwarding Inc.
Guangzhou Senko Logistics Co., Ltd.
Senko International Logistics Pte. Ltd.

Securities firms
33
2,515,914
1.60%

Shanghai Smile Corp.
HONG KONG SMILECORP LIMITEDKOREA SMILE CORP LIMITED
SMILECORP VIETNAM CO., LTD.

SENKO INTEGRATED REPORT 2023

62