Briefing on Financial Results for Fiscal
Year Ended March 31, 20170

Section 1
Summary of Financial Results for
Fiscal Year Ended
March 31, 2017
(From April 1, 2016 to March 31, 2017)1

1. Operating Results for FY Ended March 31, 2017

(Millions of yen, %)FY ended March 31, 2016

FY ended March 31, 2017

MarginMargin－Operating revenue

434,000

Operating profit

17,4974.0

17,081

Ordinary profit

17,1784.0

Profit attributable toowners of parent

8,542

2.0

455,435－

YoY Change
Amount%21,434

4.9

3.8

(415)

(2.4)

17,301

3.8

122

0.7

8,950

2.0

408

4.8

2

2. Results for FY Ended March 31, 2017: Operating Revenue

YoY change Up ¥21.4 billion (+4.9%)● Revenue growth⇒ +¥22.4 bn.

● Price revision⇒ +¥0.6 bn.

● (Across Transport Corp.)⇒ +¥10.9 bn.

Decrease in existing●cargo volume⇒(¥12.5 bn.)

M&A

(Billions of yen, %)Operating revenue

FY ended
March 31, 2016
434.0

FY ended
March 31, 2017
455.4

YoY change
Amount
%
21.4
4.9
3

3. Operating Revenue by Segment for FY Ended March 31, 2017
(Billions of yen, %)Year on year breakdown
Cargo
RevenuePriceincrease
M&A
growth revision(decrease)

FY
ended March
31, 2016

FY
ended March
31, 2017

Amount

%

160.7

177.6

17.0

10.5

11.8

0.4

Housing logistics

62.1

60.9

(1.2)

(1.9)

2.4

0.1

(3.7)

Chemicals logistics

49.5

51.1

1.6

3.1

2.6

0.1

(1.1)

Other logistics

28.1

28.4

0.2

1.0

2.2

Logistics

300.4

318.0

17.6

5.8

19.0

Trading & commerce

129.5

132.9

3.4

2.6

3.0

4.1

4.6

0.4

11.5

0.4

434.0

455.4

21.4

4.9

22.4

International revenue*

21.7

22.7

1.0

4.7

Composition (%)

5.0

5.0

26.1

26.6

0.5

2.1

Retail product logistics

OthersTotal

YoY change

10.9

(6.1)

(2.0)
0.6

10.9

(12.9)
0.4

0.6

10.9

(12.5)* International revenue included in the above

International revenue**** International revenue including that of non-consolidated subsidiaries and affiliated companies

44. Results for FY Ended March 31, 2017: Profit

YoY change Ordinary profit Up ¥0.1 billion (+0.7%)● Revenue growth● Price revision● Cost reduction and productivity improvement● Decline in fuel price

⇒＋
⇒＋
⇒＋

¥2.2 bn.
¥0.5 bn.
¥0.3 bn.
¥0.3 bn.

● Decrease in existing cargo volume● Rising in outsourcing expenses● Effect of a private REIT
● Effect of salary increase● Effect of tax reform

⇒△
⇒△
⇒△
⇒△
⇒△

¥1.8 bn.
¥0.2 bn.
¥0.5 bn.
¥0.3 bn.
¥0.2 bn.

● Changes in other cost⇒△

¥0.6 bn.

⇒＋¥0.5 bn.

⇒＋

Net changes in non-operating items● (including effect of a private REIT +¥0.5 bn.)
FY ended March 31, 2016
Results
Margin (%)
Operating profit
Ordinary profit
Profit attributable toowners of parent

FY ended March 31, 2017
Plan
Margin (%)⇒ ＋¥3.4bn.

⇒(¥3.8 bn.)

(Billions of yen, %)YoY change
Amount
%

17.5
17.2

4.0
4.0

17.0
17.3

3.8
3.8

(4.2)
1.2

(2.4)
0.7

8.5

2.0

8.9

2.0

0.4

4.8

5

5. Operating Revenue by segment for
FY Ended March 31, 2017(Comparison with prior year )(Billions of yen, %)Operating revenue

FY ended March 31, 2016

FY ended March 31, 2017

300
129
4
434

Logistics
Trading&commerce
OthersConsolidated

318
132
4
455

YoY change
Amount
%

17
3
0.5
21

5.8
2.6
11.5
4.9

(Billions of yen, %)Operating profit
Logistics
Trading&commerce

OthersAdjustments and eliminations
Consolidated

FY ended March 31, 2016
Margin

14
2
0.8
(0.3)
17

4.7
2.2
19.8
4.0

FY ended March 31, 2017
Margin

13
3
0.9
(0.4)
17

4.2
2.4
19.0
3.8

YoY Change
Amount

(0.8)
0.4
0.1
(0.4)

%

(5.6)
14.4
7.0
2.4

6

6. Operating Results for FY Ended March 31, 2017
(Comparison with Plan)(Millions of yen, %)FY ended March 31, 2017
Planannounced in
October

Margin (%)－

FY ended March 31, 2017
Results

Operating revenue

460,000

Operating profit

18,4004.0

17,081

Ordinary profit

18,000

3.9

Profit attributable toowners of parent

9,500

2.1

455,435

Margin (%)－

VS. Plan
Change%(4,565)

(1.0)

3.8

(1,319)(7.2)

17,301

3.8

(699)

(3.9)

8,950

2.0

(550)

(5.8)

7

7. Balance Sheet as of March 31, 2017
(Billions of yen)
ASSETS
Account title

LIABILITIES AND NET ASSETS
Note

ChangeAccount title

Total current assets

ChangeNote

Total current liabilities
108.7

15.3

93.9

8.2

Cash and deposits

8.6

Notes and operating accounts
payable-trade(3.3)

Notes and operating accounts receivable

3.8

Electronically recorded obligations −operating

5.1

Inventories

0.1

Current portion of bonds

(5.0)

Other

2.6

Shor-term loans payable

7.2

Other

4.2

Total non-current assets

Total non-current liabilities
177.1

1.2

77.9

(5.8)

Property, plant and equipment *(Major capex)

Convertible bond-type bonds with
subscription rights to shares

Buildings and structures, net(8.9) ●Kazo PD Center

Long-term loans payable(13.4)

Land(3.7) ●Shinkomaki PD Center

Finance lease obligations

2.7

Other, net

6.1

Net defined benefit liability

(0.5)

Other

0.3

Intangible assets

5.0

Total liabilities

1.7

Investments and other assets

171.8

2.4

Capital stock

26.5

2.5

Investment securities

4.7

Capital surplus

25.4

2.5 Equity ratio

Long-term loans receivable(0.6)

Retained earnings

48.6

5.8

(March 31, 2016)

Net defined benefit asset

2.3

Treasury shares

(0.6)

0.2

(March 31, 2017)

Other

(0.4)

Non-controlling interests and other 14.1

2.8

Total net assets

Total deferred assets
0.08
Total assets
285.9

32.6%
35.1%

(0.03)

114.0
Liabilities and net assets
285.9

16.5

(March 31,2017) 31, 2017)(March

(16.5)
Ratio of interest-bearing debt tototal assets

Return on equity (ROE)(March 31,2016) 31, 2016)(March

14.0

10.1%
9.5%

Interest-bearing debts

85.1(6.2) (March 31, 2016)(March 31, 2017)

33.9%
29.8%

8

8. Statement of Cash Flows for FY Ended March 31, 2017

Main items for fiscal year ended March 31, 2017

(Billions of yen)
FY ended

FY ended

March 31, 2016 March 31, 2017

Cash flows from operating
activities

16.1

Cash flows from investing
activities

(2.2)

20.8

Profit before income taxes
Depreciation
Interest expenses paid
Income taxes paid and other items
and other items
Purchase of property, plant and equipment

(3.6)

16.5
10.2
(0.9)
(5.3)

Proceeds from sales of property, plant and equipment
Purchase of shares of subsidiaries and associates(16.2)
17.8(5.6)

and other items

Cash flows from financing
activities(21.4)Cash and cash equivalents at
end of period

17.7

(8.6)
26.2

Decrease in loans payable
Repayments of finance lease obligations
Retirement of bonds
Issuance of convertible bond-type bonds
with subscription rights to shares
Cash dividends paid

(7.4)
(2.8)
(5.0)
10.0
(3.1)

other items

99.Principal Distribution Centers That Started Operations during
FY Ended March 31, 2017

Japan

Company

Name

LocationStart of operations

Aikawa-machi, Kanagawa Pref.

Aug. 2016

43,200 ㎡

Kazo City, Saitama Pref.

Nov. 2016

48,300 ㎡

Hino Center (rent)

Hino City, Tokyo MetropolisJan. 201718,800 ㎡

Tokyo Nohin Daiko Co., Ltd.

Narita Fashion Logistics Center Ⅱ(rent)

Tomisato City, Chiba Pref.

May. 2016

40,900 ㎡

SENKO Fashion Logistics Co., Ltd.

Narashino Fashion Logistics Center (rent)

Narashino City, Chiba Pref.

Jan. 201715,500 ㎡

ACROSS TRANSPORT Corp.

Funabashi Center (rent)

Funabashi City, Chiba Pref.

Feb. 201719,200 ㎡

SENKO Co., Ltd.

Nishikanto Logistics Center (rent)

SENKO Co., Ltd.

Kazo PD Center

SENKO Co., Ltd.

185,900 ㎡

Japan total

Over-seas

Floor area

SENKO(USA)INC.

Kentucky Distribution Center (extension)

SENKO SMI Myanmar Co., Ltd.

Yangon Logistics Center

Kentucky, USA

Aug. 2016

11,600 ㎡

Yangon City, Myanmar

Oct. 2016

2,850 ㎡

Over-seas total

14,450 ㎡

Total

200,350 ㎡

10Section 2
FY 2017–FY 2021
Medium-Term Business Plan

11

The Senko Group’s Overall Structure◎ April 2017, transition to a holding company.
Aiming to further strengthen the Group structure and enhance corporate value.
Group companies separated into the five business groups below, with five corecompanies having overall control of the others in their group.

Distribution
Group★Senko Co., Ltd.
★Runtec Co., Ltd.

Trading BusinessGroup

Living Support
Group

Agriculture
Business Group

Business SupportGroup★SENKO SHOJI
Co., Ltd.
★Smile Corp.
★AST Corporation

８３

１５

６

１

１５

Companies

Companies

Companies

Companies

Companies

A star ★ indicates a core company.
12

Mission (universal mission)

Vision (corporate group vision we wish to pursue)

13

IP CReD

14

Looking Back on the FY 2012–2016 Medium-Term Business Plan (1)FY 2012Previous MediumTerm BusinessPlan

FY 2016

Results

Targets (FY 2016)

Results

vs. FY 2012
Results

vs. Targets

Operating revenue

293.5 bn. yen

400.0 bn. yen

455.4 bn. yen

161.9 bn. yen

55.4 bn. yen

Operating profit

9.9 bn. yen

15.0 bn. yen

17.1 bn. yen

7.2 bn. yen

2.1 bn. yen

Operating profit ratio

3.4

%

3.8

%

3.8

%

0.4

Pt

0.0

Pt

ROE

8.0

%

8.3

%

9.5

%

1.5

Pt

1.2

Pt

Net D/E ratio

0.88 times

0.87 times

0.58 times

(0.3)

Pt

(0.3)

Pt

Equity ratio

31.3

35.8

35.1

3.8

Pt

(0.7)

Pt

Investment amount(Four year total)
Distribution center
storage space

%

－
2,210

%

100.0 bn. yen
thousand
m

2

3,000

thousandm2

Increase (Decrease)%

91.8 bn. yen
3,220

thousand
2

m

－
1,010

bn. yenthousand2m(8.2) bn. yen
220

thousandm2

15

Looking Back on the FY 2012–2016 Medium-Term Business Plan (2)（Billion yen, %）FY 2012Previous MediumTerm Business PlanFY 2016

Results

FY 2016 Targets

Results

Opera tingrevenue

Opera tingrevenue%

Operatingrevenue%

vs: FY 2012%

vs: Targets

Change% Growth

Change% Growth

228.3

78

298.0

75

318.0

70

89.7

39

20.0

7

Retail product logistics

96.2

33

139.0

35

177.6

39

81.4

85

38.6

28

Housing logistics

59.6

20

76.0

19

60.9

13

1.3

2

(15.1)(20)

Chemical logistics

47.8

16

52.0

13

51.1

11

3.3

7

(0.9)

(2)

Other logistics

24.6

8

31.0

8

28.4

6

3.8

15

(2.6)

(8)

Trading & commerce

62.1

21

98.0

25

132.9

29

70.8

114

34.9

36

Others

3.2

1

4.0

1

4.6

1

1.4

44

0.6

15

293.5

100

400.0

100

455.4

100

161.9

55

55.4

14

16.1

5

40.0

10

26.6

6

10.5

65

(13.4)(34)

Distribution

Total

International revenue included in theabove (Including non-consolidated
companies and international trade)16

Direction of the FY 2017–2021 Medium-Term Business Plan “SIP21” Strategy● Our FY 2017–2021 Medium-Term Business Plan

SIP21 (Senko Innovation Plan 2021)
Our growth strategy as a corporate group supporting industry and daily living
is to challenge ourselves to create new trends while unlocking another 100
years of business.

Direction of strategy
Achieve “Moving Global”
Go beyond logistics, make the world go round, and revolutionize business.

Unite as a group to drive economic and social
innovation inside and outside Japan.

17Group Medium-Term Management Policies(1) Expand business areas
Accelerate international business expansion, further enhance existing domestic businesses, and enter new
business areas such as living support and business support. Also, actively promote business partnerships
and M&A to support the above.

(2) Enhance brand value
Consolidate the Group’s overall strength, deliver “services that surprise and delight” and evolve from
customer satisfaction (CS) to customer delight (CD).

(3) Improve employee satisfaction (ES)Through the creation and active utilization of diverse programs, boost employee satisfaction to attract
diverse personnel, help them to grow, and increase the value of their working environment.

(4) Emphasize corporate social responsibility (CSR)
Grow alongside society while preserving and fostering the industry, culture, and nature of each area.

(5) Gain trust from capital markets
Work to maximize the corporate value of the entire group while strengthening our financial soundness.

18Medium-Term Business Targets(bn. yen)

Size

Strive for operating
revenue of ¥700 bn.

800
700
600
500
400
300
200
100
0

¥700 bn.
¥455.4 bn.

FY 2016
2016
FY

Profitability

Strive for operating
profit of ¥28 bn.
Target an operating profit ratioof 4.0%.

¥17.1

FY 2021
2021
FY

¥28.0

bn.

bn.

3.8%

4.0%

FY 2016

FY 2021

19

Medium-Term Business Targets(1) Distribution center
storage space(thousand m2)
4,500 m2

4,000 m2

4,000 m2
3,500 m2

780 m2
Increase

3,220 m2

3,000 m2
2,500 m2

2,000 m2

Operation
System2016
FYFY2016(2) Strength of our fleetof trucks

2021
FYFY2021

8,000

6,700

7,000

2,274
Increase

6,000

5,000

4,426

4,000
3,000

FYFY
2016
2016

FY
FY2021
2021

Investment amount (including M&A): ¥150 bn. over five years
20Medium-Term Business Targets
Important medium-term business targets

FY 2016 results

FY 2021 plan

ChangeOperating revenue¥455.4 bn.

¥700.0 bn.

¥244.6 bn.

Operating profit¥17.1 bn.

¥28.0 bn.

¥10.9 bn.

Ordinary profit¥17.3 bn.

¥27.4 bn.

¥10.1 bn.

Operating profit ratio

3.8 %

4.0 %

0.2 ptOrdinary profit ratio

3.8 %

3.9 %

0.1 ptSize

Profitability

OperationsystemC/F

Stability

Distribution center storagespace

3,220 m2

4,000 m2

Size of own fleet

4,426 trucks

6,700 trucks

2,274 trucks

Operating C/F¥20.9 bn.

¥30.8 bn.

¥10.0 bn.

Net interest-bearing debt
(Interest-bearing debt)¥58.0 bn.
(¥85.2 bn.)

¥96.6 bn.
(¥122.8 bn.)

¥38.6 bn.
(¥37.6 bn.)

Net interest-bearing
debt/EBITDA ratio

2.1 times

2.2 times

0.1 ptNet D/E ratio

0.58 times

0.64 times

0.06 pt

thousandthousandthousand

780 m2¥100.3 bn.

¥150.1 bn.

¥49.8 bn.

Equity ratio

35.1 %

40.2 %

5.1 ptReturn on equity (ROE)

9.5 %10.5 %

1.0 ptEquity21

Key Measures of the Group Medium-Term Management Policies(1) Expand business areas
Accelerate international business expansion, further enhance existing
domestic businesses, and enter new business areas such as living support
and business support. Also, actively promote business partnerships and
M&A to support the above.
Primary key measures

1. Further expand physical and commercial distribution business
2. Expand international business
3. Enter new businesses such as living support and business support
4. Promote business partnerships and M&A
22

Operating Revenue Targets in Each Business Area
FY 2016 operating revenue(results)

Senko Group HD

Distribution

FY 2021 operating revenue(plan)

Change¥455.4 bn.

¥700 bn.

¥244.6 bn.
(+53.7%)FY 2016 results

FY 2021 plan

ChangeRetail product logistics¥177.6 bn.

¥285.0 bn.

¥107.4 bn.

Housing logistics¥60.9 bn.

¥65.0 bn.

¥4.1 bn.

Chemicals logistics¥51.1 bn.

¥75.0 bn.

¥23.9 bn.

Other logistics¥28.4 bn.

¥30.0 bn.

¥1.6 bn.

¥318.0 bn.

¥455.0 bn.

¥137.0 bn.

¥132.9 bn.

¥185.0 bn.

¥52.1 bn.

Others¥4.6 bn.

¥60.0 bn.

¥55.4 bn.

Total¥455.4 bn.

¥700.0 bn.

¥244.6 bn.

(¥26.6 bn.)(¥70.0 bn.)(¥43.4 bn.)

Distribution total
Trading & commerce

International revenue included in the above

International revenue(Including non-consolidated companies andinternational trade)23

Key Measures in Each Business Area

Retail product logistics

FY 2016 operating revenue (results)

FY 2021 operating revenue (plan)

Change¥177.6 bn.

¥285.0 bn.

¥107.4 bn.
(+60.5%)• Diversifying distribution center services and expanding bases• Enhancing distribution bases with three temperature zones (for food products, etc.)• Expanding business through bases integrating operations for manufacturers andwholesalers (using an industry platform)

Housing logistics

FY 2016 operating revenue (results)

FY 2021 operating revenue (plan)

Change¥60.9 bn.

¥65.0 bn.

¥4.1 bn.
(+5.7%)• Expanding logistics for both builders using the Japanese traditional timber framework
method and for pre-cut house manufacturers• Entering into logistics for fields other than single-family houses, such as apartment andcommercial buildings, and the renovation field• Enhancing housing logistics-related services
24

Key Measures in Each Business Area

Chemicals logistics

FY 2016 operating revenue (results)

FY 2021 operating revenue (plan)

Change¥51.1 bn.

¥75.0 bn.

¥23.9 bn.
(+46.8%)• Expanding business areas where we have a competitive advantage, such as bulk containertransport• Promoting renewable energy-related logistics• Enhancing logistics for foreign-owned businesses and trading companies

Other logistics

FY 2016 operating revenue (results)

FY 2021 operating revenue (plan)

Change¥28.4 bn.

¥30.0 bn.

¥1.6 bn.
(+5.6%)• Expanding moving business for hospitals, libraries, research centers, etc.

• Expanding logistics in our industry and for trading companies

25

Key Measures in Each Business Area
FY 2016 operating revenue (results)

FY 2021 operating revenue (plan)

Change¥132.9 bn.

¥185.0 bn.

¥52.1 bn.
(+39.2%)

Trading & commerce business• Deeply cultivating markets with a unified model of physical and commercial distribution• Developing and selling new products

FY 2016 operating revenue (results)

FY 2021 operating revenue (plan)

Change¥4.6 bn.

¥60.0 bn.

¥55.4 bn.

Other businesses(Living support, agriculture, business support)• Promoting the healthcare business (nursing care facilities, etc.)• Promoting and strengthening lifestyle-related business (housekeeping services, etc.)• Promoting hotel business• Expanding agriculture business• Promoting business-support business
26

Key Measures in Each Business Area

International business

FY2016 operating revenue (results)

FY2021 operating revenue (plan)

Change¥26.6 bn.

¥70.0 bn.

¥43.4 bn.
(+163%)• Strengthening international distribution business (expand bases, build a cold andfreezer network, enter international air transport)• Expanding in commercial logistics businesses that we have not entered yet

27Key Measures of Group Medium-Term Management Policies(2) Enhance brand value
Consolidate the Group’s overall strength, deliver services that surpriseand delight, and evolve from customer satisfaction (CS) to customer
delight (CD).
1. Spread and improve the Group brand
2. Develop products and services incorporating next-generation technology
3. Build a business platform transcending industries and national borders(3) Improve employee satisfaction (ES)Through the creation and active utilization of diverse programs, boost
employee satisfaction to attract diverse personnel, help them to grow,and increase the value of their working environment.
1. Strengthen hiring and training of global human resources
2. Provide opportunities so that all group employees can be challenged and grow

3. Promote diverse workstyles and a workplace that is easy to work in
28

Key Measures of Group Medium-Term Management Policies(4) Emphasize corporate social responsibility (CSR)
Grow alongside society while preserving and fostering local industry,
culture, and nature of each area.
1. Strengthen internal control and promote activities for safety and health
2. Contribute to and collaborate with local communities
3. Pursue environmental consciousness(5) Gain trust from capital markets
Work to maximize the corporate value of the entire group whilestrengthening our financial soundness.
1. Strengthen our financial soundness
2. Boost capital efficiency
3. Strengthen earnings capacity
29Section 3
Forecast for Fiscal Year Ending
March 31, 2018
(From April 1, 2017 to March 31, 2018)30

1. Forecast of Operating Results for FY Ending March 31, 2018

(Millions of yen, %)FY ended March 31, 2017

Results

Margin (%)－

FY ending March 31, 2018

Plan

Margin (%)－

YoY change
Amount

%44,565

9.8

3.6

919

5.4

18,300

3.7

999

5.8

9,900

2.0

950

10.6

500,000

Operating revenue

455,435

Operating profit

17,081

3.8

18,000Ordinary profit

17,301

3.8

Profit attributable toowners of parent

8,950

2.0

31

2. Forecast of Operating Results for FY Ending March 31, 2018 (1stHalf, 2nd Half, and Full Year)(Millions of yen, %)FY ending March 31, 2018
1st halfPlan

2nd half
Margin (%)

－

Plan

263,000

Full year
Margin (%)

－

Plan

500,000

Margin (%)－

Operating revenue

237,000

Operating profit

7,700

3.2

10,3003.9

18,000

3.6

Ordinary profit

7,900

3.3

10,4004.0

18,300

3.7

Profit attributable toowners of parent

3,900

1.6

6,000

2.3

9,900

2.0

32

3. Results for FY Ending March 31, 2018: Operating Revenue

Up ¥44 billion (+9.8%)

YoY change● Revenue growth⇒ ＋

28.3bn.

● Price revision⇒ ＋

0.6bn.

● M&A⇒ ＋

27.5bn.

● Existing cargo volume⇒(NIPPON MARINE CO., LTD. )(¥11.8bn. )(Billions of yen, %)Operating revenue

FY ended March 31, 2017

FY ending March 31, 2018

Results

Plan

455.4

YoY change

Amount

500.0

44.6

%

9.8
33

4. Operating Revenue Forecast by Segment for FY Ending
March 31, 2018
FY ended

FY endingMarch 31, 2017

March 31, 2018

Results

Plan(Billions of yen, %)Year on year breakdown
Cargo
RevenuePriceincrease
M&A
growth revision(decrease)

YoY change
Amount%Retail product logistics

177.6

188.2

10.5

5.9

14.8

0.2

(4.5)

Housing logistics

60.9

61.8

0.9

1.5

2.0

0.3

(1.4)

Chemicals logistics

51.1

65.7

14.6

28.4

2.7

0.1

Other logistics

28.4

28.2

(0.1)

(0.4)

2.8

Logistics

318.0

343.9

25.9

8.1

22.3

Trading & commerce

132.9

135.2

2.4

1.8

5.5

Others

4.6

20.9

16.3

355.8

0.5

Total

455.4

500.0

44.6

9.8

28.3

International revenue*

22.7

24.6

1.8

8.1

Composition (%)

5.0

4.9

26.6

29.2

2.6

9.8

12.5

(0.7)
(2.9)

0.6

12.5

(9.5)
(3.1)

0.6

15.0

0.8

27.5

(11.8)* International revenue included in the above

International revenue**** International revenue including that of non-consolidated subsidiaries and affiliated companies

34

5. Results for FY Ending March 31, 2018: Profit

up ¥1.0 billion (+5.8%)

Year on year Ordinary profit● Revenue growth● Price revision● Cost reduction and productivity improvement● M&A (NIPPON MARINE CO., LTD. )⇒＋● Decrease in existing cargo volume● Rising in outsourcing expenses● Effect caused by timing difference of a private REIT
● Salary increase● Processing net defined benefit liability● Rise in fuel price● Changes in other items⇒

changes in non-operating items● Net(including effect of a private REIT +¥0.2 bn.)

Ordinary profit

17.0
17.3

⇒ ＋

¥5.1bn.

⇒(¥4.2)bn.

⇒(¥1.4)bn.
(¥0.3)bn.
(¥0.2)bn.
(¥0.3)bn.
(¥0.8)bn.
(¥0.4)bn.
(¥0.6)bn.

⇒＋

0.08bn.

⇒＋⇒＋⇒＋FY ended March 31, 2017
Results
Margin (%)
Operating profit¥3.5bn.
¥0.5bn.
¥0.4bn.
¥0.6bn.

3.8
3.8

⇒
⇒
⇒

⇒
⇒

FY ending March 31, 2018
Plan
Margin (%)

18.0
18.3

3.6
3.7

(Billions of yen, %)YoY change
Amount
%

9.2
10.0

5.4
5.8

35

6. Operating Revenue by segment for FY Ended March 31, 2018

(Billions of yen, %)Operating revenue

FY ended March 31, 2017 FY ended March 31, 2018

318
132
4
455

Logistics
Trading&commerce
OthersConsolidated

343
135
20
500

YoY change
Amount
%

25
8.1
2
1.8
16 355.844
9.8(Billions of yen, %)Operating profit
Logistics
Trading&commerce

OthersAdjustments and eliminations
Consolidated

FY ended March 31, 2017 FY ended March 31, 2018
MarginMargin

13
3
0.9
(0.4)
17

4.2
2.4
19.0
3.8

14
3
1.3
(0.4)
18

4.1
2.3
6.2
3.6

YoY Change
Amount

0.6
(0.1)
0.4
0.9

%

4.3
(2.6)
48.9
5.4

36

7. Principal Distribution Centers That Started Operations during
FY Ended March 31, 2018

Japan

Company

Name

LocationStart of operations

Floor area

Yokkaichi City, Mie Pref.

May. 2017

10,800 ㎡

SENKO Co., Ltd.

Yokkaichi Second PD Center

SENKO Co., Ltd.

Shinkomaki PD CenterŌguchi-chō,
Aichi Pref.

Jul. 2017

30,400 ㎡

SENKO Co., Ltd.

Shinfuji Center (rent)

Fuji City, Shizuoka Pref.

Oct. 2017

21,500 ㎡

SENKO Co., Ltd.

Hiroshima PD Center

Hiroshima Pref.

Jan. 2018

26,500 ㎡

SENKO Co., Ltd.

Keiji, Daimon Dangerous Object warehouse(2 buildings)

Moriyama City, Shiga Pref.

Mar. 2018

2,000 ㎡

SENKO Co., Ltd.

Higashifuji PD Center

Fuji City, Shizuoka Pref.

Mar. 2018

21,900 ㎡

Saitama Senko Logiservice Co., Ltd.

Ranzan Center (rent)

Ranzan-machi, Saitama Pref.

Jun. 2016

20,800 ㎡

RUNTEC Co,. Ltd.

Hiroshima Second Center

Higashihiroshima City,
Hiroshima Pref.

Feb. 2018

9,900 ㎡
143,800 ㎡

Over-seas

Japan total
NH-SENKO LOGISTICS Co., Ltd.

NH-SENKO Distribution Center

Korea

Oct. 2017

23,000 ㎡

SENKO DISTRIBUTION SERVICE(VIETNAM) Co., Ltd.

Hanoi Distribution Center

VietnamDec. 2017

19,900 ㎡

SINOTRANS SENKO INTERNATIONAL COLD LOGISTICS CO., LTD

Beijing Center (rent)

BeijingJan. 2018

9,300 ㎡

SHANGHAI SENKO INTERNATIONAL FREIGHT FORWARDING INC.

Shanghai Distribution Center (rent)

Shanghai

Apr. 2018

21,800 ㎡

Over-seas total

74,000 ㎡

Total

217,800 ㎡

37

8. Dividends

Cash dividend per share (¥/share) and dividend payout ratio
Interimdividend

Year-end
dividend

Commemorative
dividend

16
54.2%

10

8

29.8%

4

5

(Forecast)

Dividend payout ratio(consolidated)

17

14

12
2 43.4%

7
33.8%

5

4

5

5

FY endedMar. 2010

FY endedMar. 2011

FY endedMar. 2012

11

１１

20
2

33.1%

30.9%

30.8%

22

9

9

8

22

7

8

8

9

FY endedMar. 2013

FY endedMar. 2014

FY endedMar. 2015

FY endedMar. 2016

35.7%

33.7%

11

１１

FY endingMar. 2017

FY endingMar. 201838

Go beyond
logistics, make the world go round, and revolutionize business.
物流を超える、世界を動かす、ビジネスを変える。

Contact:
Public Relations and Investor
Relations Group, President Office
SENKO Group Holdings Co., Ltd.
Tower West 15F, Umeda Sky Bldg.
1-1-30 Oyodonaka, Kita-ku, Osaka 531-6115

TEL: 06-6440-5156
FAX: 06-6440-5148
URL: http://www. senkogrouphd.co.jp/en/

39