SG Holdings Co., Ltd.
68 Kamitobatsunoda-cho, Minami-ku, Kyoto-shi, Kyoto, 601-8104 Japan
Tel: 075-671-8600

https://www.sg-hldgs.co.jp/en/

Corporate profileSG Holdings Co., Ltd.

Corporate profile

Our Corporate Philosophy
and Guiding Principles

Top Message

Eiichi Kuriwada

Hidekazu Matsumoto

Chairperson and CEO
SG Holdings Co., Ltd.

President and COO
SG Holdings Co., Ltd.

Ethical principles guiding the behaviorof each and every employee.
Consistent ethical behavior builds trust with customers
and shapes the SG Holdings Group.

Corporate Philosophy“Trust, Create, Challenge”
SG Holdings Group will:- Earn the trust of customers and society and grow together;- Create new value, contributing to social development:- Always take on the challenges presented to us, pursuing
all possibilities.
The Corporate Philosophy has been renewed while preserving
the cornerstone of the company’s foundation,“Hikyaku no Kokoro” (the spirit of Edo-era express messengers).
The SG Holdings Group is a comprehensive logistics group thatmeets all logistics needs of customers, from upstream to downstream.

value that will lead us into the future.

Our philosophy embodies the spirit of evolution
and innovation towards a better future.

Since the Group was founded in 1957, we have conducted logistics

The Mid-term Management Plan "SGH Story 2024" which wasbusiness while inheriting the “hikyaku no kokoro” (the spirit of Edo-era

formulated to achieve this long-term vision is based on the basic

express messengers) of constantly thinking about what we can do forpolicy of "creating a next-generation competitive advantage tocustomers and acting with the best of intentions. We are also continuing

realize sustainable growth," and we are engaging in "advancement

In tandem with the Corporate Philosophy, the charter declares

to embrace the challenge of providing new logistics value to customersof comprehensive logistics solutions," "expansion of managementthat legal compliance based on ethical principles is an essential

based on the corporate philosophy of “Trust, Create, Challenge.”resources to create a competitive advantage," and "further

part of fulfilling social responsibility.

In recent years, in addition to the shrinking workforce caused

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partners and colleagues to transform logistics with the aim of creating

Charter of Corporate Conductadvancement of governance.”by the declining birthrate and aging population that has been an

The strength of the SG Holdings Group is the ability to gather

issue for some time, the social environment surrounding us has

information through Sales Drivers®, which are our contact with

undergone change at a dramatic pace never seen before, such as

customers. In addition, we have the comprehensive ability to meet allefforts aimed at the government’s goal to make Japan carbon neutralof the needs of customers by utilizing a variety of resources such as

by 2050, advances in AI and IoT technology, and the promotion ofdelivery, logistics, real estate, IT and vehicle maintenance. We will fully

DX. Furthermore, we have also seen a transition to an era that could

utilize this strength to provide logistics services that are valuable for

not be predicted by anyone, due to factors such as the spread ofsociety and customers, and sincerely engage in business activities

COVID-19.

going forward to continue to grow with you.

In order to respond to this rapidly changing social environment,

Looking ahead, we will use the “hikyaku no kokoro” as a source

we established a long-term vision of “Grow the new Story. Newof strength as we aim to become a corporate group trusted by all

logistics, nurturing a new society together.” aimed at 2030. This vision

stakeholders by providing optimal solutions adapted to the times. We

is based on the intent to combine the strengths of customers, diverse

appreciate your unwavering support.

Code of Ethics and Conduct
The code specifies the conduct that all officers and employees adhere to
in order to fulfill the spirit of the Charter of Corporate Conduct.

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SG Holdings Co., Ltd.

SG Holdings Group

SGH Vision 2030

Grow

For the creation of logistics that continue to be required by society

This reflects our desire to grow and develop a new society and story together with our partners
through the power of logistics. We will seek to create innovation and create next-generationcompetitive advantages in an open environment with a variety of companies and employees including
not only those in the Group but also our customers.

The SG Holdings Group established “Grow the new Story: New logistics, nurturing a newsociety together ” as its long-term vision. The Group will focus on significantly growing
comprehensive logistics solutions such as TMS, 3PL and global and overseas business whileStoryaiming to stably expand the Groupʼs core business in express package delivery services. We will
also actively promote initiatives aimed at the resolution of social and environmental issues suchhrough solutions provided by the Group, we wish to contribute to a new society (a sustainable society)and set out on a new growth story. The “S” that is the first letter represents our desire for the Group
as a whole to engage in all the important themes including SGH, SAGAWA, Solution, Social, Smart,
Share and Sustainable.

as decarbonization.
With the aim of realizing a sustainable society, we will continue to follow a new growth story
creating new value through the creation of new logistics leading to the future with all stakeholders.

Solution

3

Corporate profile

Social

Smart

Share

Sustainable

4SG Holdings Co., Ltd.

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1

3

Expansion of TMS/3PL networks
and enhancement of ancillary solutions

Strengthening internationaland overseas services

Leveraging the strength of our customer base in
express package delivery services, we will fully
utilize the resources of the Group as whole tostrengthen the ability to propose solutions
such s TMS and 3 PL in order to propose
optimal logistics for customers ʼ entire
supply chains.

By utilizing the Groupʼs strengths spanning
the organization, we will strengthen ourhandling of packages originating fromand arriving in Japan such as cross-border
e-commerce and international express,
and strengthen ser vice by expanding
new lanes centered on the forwarding
business originating from Asia.

Promotion of services
aimed at solving socialand environmental issues
such as decarbonization

We will contribute to the resolution of social andeconomic issues such as decarbonization throughlogistics solutions. In addition, by promoting
measures to reduce the Companyʼs environmentalload, we will also contribute to Scope 3 reductionsof customers.

Enhancement of comprehensive
logistics solutions（GOAL®）

4

Improvement of
profitability throughenhancement of service
and improvement of efficiency
in express package
delivery service
By improving the efficiency of our operations
through the promotion of DX, we aim to achievesustained business grow th through theenhancement of service and the profitability of
express package delivery services.

Value provided tocustomers and society
Support for the creation of sustainable
and dynamic supply chainsand value chains

510Strengthening domestic
and overseas transportation
network including alliances

Ongoing advancementof compliance
We aim to improve the trust received fromstakeholders by further strengthening
compliance awareness through ongoingef fo r ts su c h a s th e e nha n c e m e nt ofeducation and strengthening of monitoring
systems.

By actively proce eding with capital
investment and alliances with diverse
partner companies, we will further expandand strengthen our transpor tation
networks in Japan and overseas.

Furtheradvancement ofgovernance
Expansion of management
resources leading to
the creation of competitive
advantages

9
Creation of governance structurethat meet global standards
We will create a corporate governance system
to respond to the globalization of businessby establishing and instilling internal
control systems in overseas operatingcompanies.

8

Creation of new value throughopen innovation
We will seek to create new value by combining theabundant resources of the Group as a whole with
the innovative ideas and know-how of start-ups andcompanies in different industries.

5

Corporate profile

7

Creation of competitive
advantages throughinvestment in DX
We will promote the DX strategy basedon the three measures of evolving ourdigital infrastructure, improving
operational efficiency and strengthening
services with the aim of resolving issues
faced by customers and society andachieving a sustainable
society.

6

Investment in human capitaland improvement of
employee engagement
We aim to further improve engagement
through initiatives such as developmentof specialized personnel, introductionof new systems, enhancement oftraining and education, promotionof diversity and fostering a
corporate culture enabling
people to challengethemselves.

Mid-term Management Plan

SGH Story 2024

Basic Policy

Creation of next-generationcompetitive advantages torealize sustainable growth6

SG Holdings Co., Ltd.

One-stop Solutions Covering
All Business Fields

Overseas● International air transportation● International marine transportationOv● Local express package delivery

erservicese● Processing at warehouses

Corporate profile

Warehouse services

We optimize customer logistics by providing integrated solutions● Storage and processing

asservices

extending from the upstream to downstream business fields,● Inspection and needle

detection services

from procurement outside Japan and logistics processes● Sortingto last-mile delivery to consumers.

● E-commerce services● Product return services

Specialty transport● Inventory management● Office and factory relocation

Logistics centers● Transport and installation of furniture, appliances,office equipment (including air conditioning and gas heating equipment)● Artworks transportation

Commercial facilities

Offices and facilities

Import and Export● Centralized management of facility logistics● Customs clearance● Cleaning● Bonded warehousing● Security

Large-scale commercial facilities
Transfer centers

Financial services

De

Real Estate● Real estate management

Retail storesliv● Settlement agency● Internet settlement services● E-money settlement services

ery● Real estate operations● Renewable energy● Baggage collection

businessand delivery● Delivery agency for department

stores and large-scale retailers

ivi

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In

● Telegram-like services● System consulting● Maintenance● Truck bodymanufacturing

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7

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es
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Personnel dispatch services● Vehicle sales

Ja● System operation and maintenancealsComputer systems

duVehicles8SG Holdings Co., Ltd.

Corporate profile

Main services

Express
package delivery
service

Express
air cargotransportation
service

Artworks andother specialty
transportation
services

Moving

Telegram-likeservices

Department
store productdeliveryagencyTransportation
management system(TMS) (e.g. chartertransportation)

Facility logistics

Large-size
item transportation,assembly, andinstallation

Transportationand distribution of
fresh products andother products

Providing one-stop solutions solving logistics challenges

Deliver ybusiness

Providing logistics solutions driven by the core
express package delivery business

Facilitating installation and transportand various other types of moving

We offer optimized delivery solutions byleveraging a nationwide transport network inJapan and grasping the diversifying logistics
challenges of our customers. This approachallows us to offer not only such basic delivery
services as express package delivery, large item
delivery, and chilled and frozen international airtransportation, but total solutions such as
facility logistics and integrated logistics coveringsites outside Japan.

We facilitate "transportation plus extra" services
primarily for companies, R&D facilities, andeducational institutions, which span moving,assembly, equipment installation, and interior
construction. Our services expand with theneeds of our customers to include specialty
transportation for such items as artworks andprecision machinery.

Providing third-party delivery to department
stores and other high-quality logistics services

Telegram-like services deliver heartfelt
thoughts and words for special occasions

We act as the designated transport agent for
leading nationwide department stores andlarge retailers. These services include productshipment, value-added processing, andinventory management, as well as stockyard
management support. We maintain a license
for the manufacture of cosmetics andquasi-drugs, enabling us to provide such
sophisticated services as luxury cosmetics
storage and shipment.

We leverage our nationwide delivery network inJapan to timely deliver messages for such
ceremonies as weddings, funerals, andpersonnel appointments. We boast anabundant variety of product designs to meetthe many needs of our customers. Our aim is
to provide superior telegram-like services withspecialized product packaging as well as
detailed delivery times.

Group companies

9

Sagawa Express Co., Ltd.

Sagawa Humony Co., Ltd.

SG Moving Co., Ltd.

World Supply Co., Ltd.

Head office: 68 Kamitobatsunoda-cho,
Minami-ku, Kyoto-shi, Kyoto,Japanhttps://www.sagawa-exp.co.jp/english/

Head office: 2-2-8 Shinsuna, Koto-ku,
Tokyo, Japan
http://www.humony.co.jp/

Head office: 6F X FRONTIER EAST,
3-2-9 Shinsuna,Koto-ku,
Tokyo, Japan
https://www.sagawa-mov.co.jp/

Head office: 1-2-22 Ariake, Koto-ku,
Tokyo, Japan
https://www.world-supply.co.jp/

10SG Holdings Co., Ltd.

Corporate profile

Main services

International
logistics
services

International
express package
deliveryFulfillment
services

Logistics
process
services

Transportationand delivery
services

International
maritimetransportation

Cross-border
EC logistics
support

Optimizing supply chains with integrated services worldwide

Logistics &International Transportation services
Efficient product storage andlogistics process support

3PL services leveraging
Group synergy

We optimize the entire logistics operations of
our customers by offering services that match
their products and business models, fromapparel and cosmetics to mail-order products.
We provide logistics equipment to meet eachcustomer need, including our proprietary
warehouse management system S-WMS,
sorters, automated packaging, and RFID
systems to raise operational efficiency. With
these advantages, we guarantee optimized
logistics solutions.

As our customers’ third-party logistics (3PL)
partner, we resolve their management issues
by optimizing the entire supply chain, fromupstream through downstream functions. Our
goal is to help customers reduce lead times by
providing one-stop services combining theGroup’s capabilities, from product warehousing,processing, and other services within thewarehouse, to bonded warehouse proceduresfor import and export.

Integrated international logistics combining
optimal transportation modes

High-quality delivery services
in local communities around the world

We leverage a logistics network spanning 38
countries and regions, from Asia—our primary
region—to Europe, the United States, and Africa.
With this geographic reach, we have the ability toprovide freight forwarding, international express
services, and other optimized transportation
modes. Our integrated logistics solutions are
ideal for warehousing and storage, productinspection and needle detection, logistics
processing, sorting, bonded warehousing,hazardous goods handling, and EC services.

We provide one-stop support for customers’
global expansion by combining our local
networks in Japan and other countries with
our know-how in international logistics. In local
communities around the world, the SG
Holdings Group provides high-quality, safe,
and secure delivery services.

Group companies

11

Sagawa Global Logistics Co., Ltd.

SGH Global Japan Co., Ltd.

Expolanka Holdings PLC

Location: 1-1-1 Katsushima, Shinagawa-ku,
Tokyo, Japan
https://www.sagawa-logi.com/

Head office: 5F X FRONTIER WEST, 3-2-9 Shinsuna,
Koto-ku, Tokyo, Japan
https://www.sgh-globalj.com/english/index.html

Head office: 15A, Clifford Avenue, Colombo 03,
Sri Lanka
https://www.expolanka.com/

12SG Holdings Co., Ltd.

Corporate profile

Logistics Related businesses

Changing business with logistics facilities

Real Estate businessInsurance sales

As a casualty insurance agent,
we provide a wide range of
insurance solutions, frompolicies covering property
custodianship and collection
and delivery vehicles, toprivate car insurance andincome security coverage.

Planning andsales

We offer planning and sales
services, including original
design merchandise, travel
products, and event services.
We also provide wholesale
flower and ornamental plantsales to corporate customers
via the Group’s logistics
network.

Vehiclemaintenance /Truck bodymanufacturing

We conduct vehicle repair,inspection, and maintenance,
as well as truck bodymanufacturing, at 22 vehicle
maintenance locations
throughout Japan and two
truck body manufacturing
sites.

Main services

Real estate
management

Real estatedevelopment

Asset
management

Enhancing added and supporting the effective use of real estate
We assist customers in maximizing real estate income and value
by optimizing property management and operations. As real estate
management professionals, we aim to maximize customer value
by providing optimized management services leveraging theoperational know-how we have accumulated in operating about
850 delivery and logistics businesses and sites.

IT systems

We provide IT consulting,system design, operation,
maintenance, and management
services, which leverage
our long track record andaccumulated know-how in thelogistics industry.

Settlement
services

We operate a logistics
settlementbusiness,
highlighted by Sagawa
Express’s
proprietarycash-on-delivery service“e-Collect” and a variety ofother financial services.

Temporarystaffing

We provide dispatch
personnel services andhuman resources recruitment
services mainly to bolster
staffing at logistics sites andsupport about 20,000 regularstaff.

Group companies

Group companies

SG Realty Co., Ltd.

Sagawa Advance Co., Ltd.

SG Motors Co., Ltd.

SG Systems Co., Ltd.

Head office: 68 Kamitobatsunoda-cho, Minami-ku, Kyoto-shi,
Kyoto, Japan
https://www.sg-realty.co.jp/

Head office: 4F Shinsuna SGH Bldg.,
1-8-10 Shinsuna, Koto-ku,
Tokyo, Japan
https://sg-advance.co.jp/

Head office: 3F Shinsuna SGH Bldg. Ⅱ,
1-8-2 Shinsuna, Koto-ku,
Tokyo, Japan
https://www.sg-motors.co.jp/

Head office: 25 Kamitobatsunoda-cho,
Minami-ku, Kyoto-shi,
Kyoto, Japan
https://www.sg-systems.co.jp/

SG Assetmax Co., Ltd.

SG Fielder Co., Ltd.

Nouvelle Golf Club Co., Ltd.

Sagawa Forestry Co., Ltd.

Head office: 2F Shinsuna SGH Bldg, 1-8-10 Shinsuna,
Koto-ku, Tokyo, Japan
https://www.sg-assetmax.co.jp/

Head office: 2F JMF-Bldg Toyocho 02,
1-6-35 Shinsuna, Koto-ku,
Tokyo, Japan
https://www.sg-fielder.co.jp/

Head office: 3151-1 Kanaya-gou,
Oamishirasato-shi, Chiba,Japanhttps://www.nouvelle-gc.co.jp/

Head office: 68 Kamitobatsunoda-cho,
Minami-ku, Kyoto-shi, Kyoto,Japanhttps://www.sg-hldgs.co.jp/sagawa-fore/

Supporting business through logistics sites
We develop real estate properties to optimize the logistics
operations essential to our business. These properties include
multi-tenant logistics facilities used by a wide range of customers
as well as custom-built facilities designed for specific needs. Witha long track record of successful development, we offer optimized
real estate services to our customers.

Offering investment opportunities featuring logistics facilities
We operate private-subscription REITs and private-subscription
investment funds, providing investment opportunities into logistics
facilities that act as infrastructure assets connecting living,industry, and society. With a medium- to long-term view, we aim tosecure stable income and steadily develop operational assets.

13

14

SG Holdings Co., Ltd.

Corporate profile

Customized solutions transform logistics into a value chain.

GOAL Advanced Logistics Project Team

GOAL® stands for “GO Advanced Logistics” .
GOAL is our specialized project teams, which work hand-in-hand with customers
to solve logistics challenges and achieve a “Goal” using advanced logistics know-how.

Smart Import

Facility logistics

Our integrated logistics service delivers products
from overseas factories to end-consumers in Japan,
optimizing logistics costs, and shortening lead times.

Facility logistics systems ensure an efficient flow of people,
goods, vehicles, and information by integrating logistics
management at large-scale multipurpose facilities.
Logistics within facilities also

Inspection,needle detection● Store sorting● Price labeling, invoicing
labeling●

BEFORE

Within large-scalecommercial
facilities
Traffic congestion

Sagawa Express

Overseas factory

Port

Logistics center

Inefficient

BEFORE

caused by vehicles from multiple deliverers

Delivery company

End-consumer

Package, wholesale food, and office goods deliveries Concentrated at peak times

AFTER

Inspection,needle detection● Store sorting● Price labeling, invoicing
labeling●

Logistics with facility also

AFTER

Efficient

Integrated
logistics within
facility

Sagawa Express
Transfer point

SGH Global
Japan

Within large-scalecommercial
facilities

Congestion caused by various deliverers’ vehicles

AlleviatedOverseas factory

Sagawa Global
Logistics

SGH Global Japan

Port

Local transport

Japan customs

Sorting,
warehousing

Shipmentin JapanEnd-consumer

Delivery vehicle consolidationand loading area management

Cargo tracking system SG Systems

Solution benefits□ Cost optimization□ Lead time reduction□ Combinable with other Group services

15

Ideal for:Apparelmanufacturers

Solution benefits

Daily sundries
manufacturers

Electronics
manufacturers

Mail-ordercompanies□ Delivery vehicle congestion alleviated□ Secure, efficient delivery to facility tenants□ Improved security through facility accessmanagement□ Reduced CO2 emissions in local areas, reduced
environmental burden

Ideal for:

Shopping malls

Complexes

Department
stores16

SG Holdings Co., Ltd.

SG Holdings Group By the Numbers
Global network

38

154

Financial and Operating Results

External networkLine-haul transportation partner companies:

approximately

countries and regions

310

Delivery supporters:

3,410

companies
approximately
TMS partner companies:

1,630

approximately
Employees

93,403
Total number of employees of all
Group companies

Average age

42.0

Ratio of female
employees

53.5%
Other types of employees 46.5%
Delivery employees 73,749
Non-Japanese employees 8,517
Regular employees

27,11532.6 %

Female 30,449

1,463

Total number of vehicles owned
by all Group companies

Total number of sites including head offices, offices,
sales sites, etc.

1.373 billion
Cumulative number ofpackages
handled by SG HoldingsGroup’s main delivery
servicesin FY2023

Operating income and operating margin

In the Delivery Business, the number of packages decreased in

Operating income decreased by 34.1% from the previous fiscal

both BtoB and BtoC due to changes in the external
environment. In the Logistics Business, the volume of oceanyear to 89.2 billion yen due to a decrease in operating revenue
and an increase in personnel, outsourcing, and other costs

and air cargo continued to decrease.

associated with inflation. The operating margin also decreased

As a result, operating revenue decreased 8.2% from theprevious fiscal year to 1,316.940 billion yen.

by 2.6 points from the previous fiscal year to 6.8%.

8.2%
1,316.940 billion yen.
1,500
(billion yen)

15,883

34.1% 89.2 billion yen
2.6
6.8%
points150

14,346(billion yen)

13,169

9.8

9.4

1,557

(%)

1,352

1,000

10.0

6.8
892

75

5.0

500

FY2022/3

FY2023/3

FY2024/3

0.0

0FY2022/3

FY2023/3

FY2024/3

Male 62,954

Operation sites

Number of packages handled (in Japan)

Operating revenue

0

Number of vehicles

ROE
ROE decreased 0.2 points from the end of the previous scal
year to 10.3%.

13.8

points10.3%

Area of company-owned forests

862.59 ha(

183 times the area of Tokyo Dome)

Total land area of forests owned byGroup companies Sagawa Forestry
and Sagawa Express in Kochi
Prefecture, Tokushima Prefecture,and the Tokyo metropolitan area.
All figures are as of March 31, 2024 unless otherwise stated.

17

Corporate profile

Dividend payout ratio and EPS
The year-end dividend was 25.0 yen per share, for a dividend
payout ratio of 54.9%. EPS was 92.98 yen per share.

54.9% 92.98 yen

R O E : Return on equity
E P S : Earnings per share

All figures are from FY2024/3 results.

18

SG Holdings Co., Ltd.

Corporate profile

後日差替
CSR Activities

Sites Outside Japan

We fulfill our corporate social responsibilities through a diverse program of activities.

SG Holdings Group has operations in 38 countries and regions around the world.
Global Network

Safety and quality initiatives

Diversity initiatives

We make safety and security our No. 1 priority in our role as an organ ofsociety entrusted with the logistics function of the social infrastructure.

We aim to be an organization where a diverse range of talent can thrive,no matter their gender, age, or nationality.

Driver education and training
systems

Promotion of active roles
for female employees

We provide drivers with regular safety
training, both when they enter thecompany and throughout their careers,
to reduce traffic accidents and ensure
safe driving at all times.

We aim for a system whereby female
employees generate 30% of Grouprevenues. We have established a system
to support women's empowerment,such as implementing "Women's Career
Support Training" for supporting careerdevelopment.

Environmental initiatives

North America

West Asia

East Asia

South Asia

Central and South America

AfricaSoutheast Asia

List of Overseas Group Companies

We are promoting environmentally conscious activities for the Earth as a logistics company operating vehicles in its business.

Low-emissions vehicles

Conserving bountiful forests
for the future

We are introducing hybrid, electric, andnatural gas and other low-emissions
trucks in order to reduce CO2 emissions
from transportation and delivery.

We continually maintain the forests we
own in the Shikoku region of Japan, as away to contribute to the public functionsof the forest, such as helping to absorb
CO2, conserve the soil, cultivate cleanwater sources, and promote biodiversity.

Other activities
SGH Foundation

SGH Culture and Sports Promotion Foundation
Sagawa Art Museum
Scholarships for exchange students
We provide scholarships to private-paying
Southeast Asian students studying inJapan as a way to promote international
exchanges and friendship between Japanand Southeast Asia.
Image of Sagawa Art Museum located alongside Lake Biwa Image of Kichizaemon Raku Pavilion

Cancer research support
We provide financial support for basic
and clinical cancer research, as well as
for cancer nursing research, as a way
to improve medical welfare.

International economic cooperation
We accept international trainees andoffer intensive training courses on
logistics in order to develop logistics
personnel and promote the growth ofdeveloping Asian nations.

19

EuropeThe museum opened in March 1998 with the goal of promoting arts andculture. Separate pavilions are dedicated to Ikuo Hirayama, Churyo Sato,and Kichizaemon Raku, representing the fifteenth generation of ceramics
masters. Each pavilion has separate themes and holds special exhibits.

Official sports clubs

SG Holdings Track and Field ClubSG Holdings Women’s Softball Club

East Asia
China
Shanghai Runbow Logistics & Technology Co., Ltd.
Shanghai Sagawa HongMai Logistics Co., Ltd.
Beijing Runbow Wuyuan Logistics LLP
Shenyang Runbow Supply Chain Technology Co., Ltd.
Shanghai Jiangping Chemical Products Transportation Co., Ltd.
Shanghai Runbow Industrial Co., Ltd.
Shanghai Runbow Logistics Co., Ltd.
Tianjin Hongdi Supply Chain Management Co., Ltd.
Inner Mongolia Hongtie Multimodal Transport Logistics Co., Ltd.
Shanghai New Wonder Software Co., Ltd.
Shanghai Hongxizhao Environmental Protection Technology Co., Ltd.
Kunshan Runbow Supply Chain Technology Co., Ltd.
Guodian Golmud Photovoltaic Power Generation Co., Ltd.
Sagawa Express International Logistics (Shanghai) Co.,Ltd.
Sagawa Express International Logistics (Shenzhen) Co.,Ltd.
Expo Freight (Shanghai) Limited
Expofreight (Shenzhen) Limited
Wuxi Feisu Logistics Information Technology Co., Ltd.
Hong Kong
Sagawa Express (H.K.) Co., Ltd.
Expofreight (Hong Kong) Ltd
Korea
SAGAWA LOGISTICS KOREA CO., LTD.
TaiwanHCT Sagawa Express Co., Ltd.
EFL Taiwan (Pvt) Ltd

Southeast Asia
Cambodia
Expolanka Freight (Cambodia) Ltd
EAM Global (Pvt) Co., Ltd.
Indonesia
PT. EFL Global Indonesia
PT Oki Doki Indonesia
Laos
SG SAGAWA (THAILAND) CO., LTD. VIENTIANE BRANCH
Malaysia
EFL Malaysia Sdn. Bhd
Myanmar
EXPO Freight Limited
Philippines
SAGAWA EXPRESS PHILIPPINES INC.
SAGAWA GLOBAL LOGISTICS (PHILIPPINES) INC.
Expolanka Freight (Philippines) Inc.
Singapore
SG SAGAWA AMEROID PTE. LTD.
EFL Global Logistics (Pte) Ltd
AMGAS ASIA PTE. LTD.
SG HOLDINGS GLOBAL PTE. LTD.
Logistics Park Global (Pte.) Ltd
EFL Vietnam Global (Pte.) Ltd
Oki Doki Global (Pte.) Ltd
Peri Logistics Global (Pte) Ltd
ThailandSG SAGAWA (THAILAND) CO., LTD.
SAGAWA EXPRESS (THAILAND) CO., LTD
Expo Freight Holdings (Thailand) Limited
EFL Global (Thailand) Ltd
Vietnam
SAGAWA EXPRESS VIETNAM CO., LTD.
SG SAGAWA VIETNAM CO., LTD.
Expolanka Freight (Vietnam) Ltd
SG MOTORS VIETNAM Co., Ltd.

South Asia and West Asia
Bangladesh
Travel Classic (Pvt) Limited
EFL Global Limited
India
Expo Freight Private Limited
TT Aviation Handling Services (Private) Limited
EFL Express Private Limited
AVS Cargo Management Services Pvt Ltd
AMZ Logistics Solutions Private Limited
EFL Global Projects Private Limited
International Sky Services India Pvt Ltd
EFL Logistics Park India Private Limited
Expolanka Agri Exports (Private) Limited
Republic of MaldivesAmana Takaful Maldives PLC
Sri Lanka
EXPOLANKA HOLDINGS PLC
Liberty Tourism Lanka (Pvt) Ltd
Expolanka (Pvt) Limited
Tropikal Life International (Pvt) Ltd
ITX 360 (Pvt) Ltd
Classic Travel (Pvt) Ltd
Sunpower Travels (Pvt) Ltd
Bongo (Pvt) Ltd
Travel Bridge (Pvt) Ltd
Classic Destinations (Pvt) Ltd
Gabo Travels Overseas (Private) Limited
Gabo Travels (Pvt) Ltd
Gabo Holidays (Private) Limited
Expo Visa Services (Pvt) Ltd
Expolanka Freight (Pvt) Limited
Oki Doki (Pvt) Ltd
Quickee Delivery Solutions (Pvt) Limited
Peri Logistics (Pvt) Ltd
EFL Transport (Pvt) Ltd
Logistics Park (Pvt) Ltd
MIRAI Relocations (Pvt) Ltd
SG Logistics (Pvt) Ltd
EFL Global HQ (Pvt) Ltd
EFL Global Freeport (Pvt) Ltd
EFL Hub (Pvt) Ltd
Excelsior Logistics (Pvt) Ltd
Freightcare (Pvt) Ltd
Globe Air (Pvt) Ltd
International Airline Service (Pvt) Ltd
Alpha Aviation Pvt Ltd
Alpha Air Solutions Pvt Ltd
EAM Global (Pvt) Ltd
AVS Cargo International (Pvt) Ltd
United Arab Emirates
Expolanka Freight FZCO
Airline Cargo Resources FZCOClassic Trip Tourism LLC
ITX Global DMCC
Expolanka Freight Dubai LLC

EuropeBelgium
EFL Global B.V.
Denmark
EFL Global Aps
England & WalesEFL Global UK (Pvt) Ltd

Netherlands
EFL Europe B. V.
Spain
EFL Global Spain, S.L.

North America
CanadaLocher Evers International Inc
LEI Cartage Ltd.
Westcon Terminals Limited
Trans American Customs Brokers of Canada Ltd
EFL Global Logistics Canada Ltd
United States of America
SG SAGAWA USA INC.
EFL Global LLC
Trans American Customhouse Brokers LLC
Trans American Global Trade Services LLC
Transure Express LLC
Transparency Supply Chain Systems LLC
Information Technology-Intelligent Solutions LLC
EFL Container Lines LLC
EFL Transportation LLC
Seville Freight Systems Inc
Seville Transfer Ltd
EFL Brokerage LLC
Seville Container Freight Station Inc
IDEA Global LLC
IDEA International LLC
Interconexion: Distribuir Y Enviar Para Las Americas,
LLC d/b/a IDEA ,LLC
Complete Transport Systems LLC

Central and South America
Costa Rica
EFL Global Costa Rica S. A.
El Salvador
EFL Global El Salvador S.A. de C.V.
Corporación K&C, S.A. de C.V
Guatemala
IDEA Guatemala S.A
Honduras
IDEA Honduras, S. de R.L. de C.V
MexicoEFL Global Mexico
Nicaragua
IDEA Nicaragua de S.A
PanamaEFL Global Panama S.A.

AfricaKenya
Air Sea Logistics Limited
Expolanka Freight Ltd
Madagascar
Expolanka Madagascar
Mauritius
Expolanka Freight Ltd.
Republic of South Africa
Expolanka Freight (Proprietary) Ltd
UgandaEFL Global Freight - SMC Ltd

Current as of March 31, 2024

20

SG Holdings Co., Ltd.

Corporate Overview

Company Name:

SG Holdings Co., Ltd.

Establishment:

March 2006

Capital:11,882,905,000 yen

Corporate History
1965

November

Sagawa Express is established.

2007

AugustSG Realty Co., Ltd. is established.

1975

July

Kyoto Automobile Kogyo (current Sagawa
Advance Services Co., Ltd.) is established.

2009

February

1980

May

Sagawa Automobile Company (current SG
Motors Co., Ltd.) is established.

All shares in World Supply Co., Ltd. are
acquired from World Logi Co., Ltd. to makethe company a subsidiary.

2011

April

September

Sagawa Air Service Co., Ltd. (current SGH
Global Japan Co., Ltd.) is established.

February

Sagawa Computer System (current SG
Systems Co., Ltd.) is established.

SG Expert Co., Ltd. is established. (Became
defunct in October 2021 through theabsorption-type merger with SG Systems Co.,
Ltd. as the surviving company.)

April

SG Fielder Co., Ltd. is established.

1983
1984

Business Content: Formulation of Group management strategies, administration, and related business
Head Office:68 Kamitobatsunoda-cho, Minami-ku, Kyoto-shi, Kyoto, Japan
Tel: 075-671-8600

DecemberJanuary

Sagawa Express National Freight Tracking
System is launched.

1988

October

Tsubasa Transport (current SG Moving Co.,
Ltd.) becomes a subsidiary.

1990

AugustSagawa Express (H.K.) Co., Ltd. isestablished.

December

Sagawa Forestry Co., Ltd. is established.

June

Sagawa Express Vietnam Co., Ltd. isestablished.

AugustSagawa Express Philippines Co., Ltd. isestablished.

March

Sagawa Express starts door-to-door delivery
service Sagawa Express (current Hikyaku
Express) service.

July

Sagawa Express Singapore Co., Ltd. isestablished (merged into SG Sagawa Ameroid
Pte. Ltd. in 2017)

March

Sagawa Express starts Hikyaku Cool Express
chilled service.

June

Sagawa Express commences online package
inquiry service on company homepage.

March

Sagawa Express starts Hikyaku Cool Express
frozen service.

March

Sagawa Express starts delivery time selection
service.

2001

September

Nouvelle Golf Club is established.

2003

SeptemberPoly-Sagawa Logistics CO.,Ltd.（current
Sagawa Express International Logistics(Shenzhen) Co.,Ltd.）is established.

2004

June

Shanghai Poly-Sagawa Logistics CO.,Ltd.
（current Sagawa Express International
Logistics (Shanghai) Co.,Ltd.）is established.

June

Tianjin Poly-Sagawa International Trading Co.,
Ltd. is established.

January

Sagawa Express Korea (current Sagawa
Logistics Korea Co., Ltd.) is established.

March

Sagawa Financial is established. (Became
defunct in October 2021 through theabsorption-type merger with SG Systems Co.,
Ltd. as the surviving company.)

Fax: 075-671-8607

Eiichi Kuriwada, Chairperson and CEO

1998

Hidekazu Matsumoto, President and COO
Masahide Motomura, Director in charge of Delivery and Logistics Business
Katsuhiro Kawanago, Director in charge of Corporate Planning

1999

Kimiaki Sasamori, Director in charge of Special Assignment
Mika Takaoka, Outside Director

2000

Osami Sagisaka, Outside Director
Masato Akiyama, Outside Director
Satoshi Tajima, Outside Audit & Supervisory Board Member
Tomonari Niimoto, Audit & Supervisory Board Member
Kenichiro Okamura, Outside Audit & Supervisory Board Member
Yoshitaka Ooshima, Outside Audit & Supervisory Board Member
2005

Employees:

21

Sagawa Express nationwide longitudinal route
network is completed.

1985

1997

Officers:

Corporate profile

September

Sagawa Express International Taiwan Corp. isestablished.

2006

March

Pure holding company structure is adopted
and SG Holdings Co., Ltd. is established.

2006

June

SG Holdings Co., Ltd. acquires shares in
Sagawa Global Logistics Co., Ltd. (current
SGH Global Co., Ltd.) and 10 othercompanies.

93,403 (consolidated; as of March 31, 2024)

2012

June

SG Holdings Global Pte. Ltd. is established.

2013

April

SG Assetmax Co., Ltd. is established.

May

Sagawa Global Logistics Co., Ltd. changes its
name to SGH Global Japan Co., Ltd. andimplements a company split to newly establish
Sagawa Global Logistics Co., Ltd. to succeed
the domestic logistics business.

May

SG Holdings acquires Singapore logistics
company Ameroid Logistics (S) Pte. Ltd.
(current SG Sagawa Ameroid Pte. Ltd.) tostrengthen the Singapore logistics business.

November

SG Sagawa USA, Inc. is established to provide
high-quality integrated services leveraging theGroup’s extensive network in Japan.

April

Sagawa Express establishes “GOAL”, aGroup-wide strategic sales development team.

June

SG Holdings Global acquires Sri Lanka
logistics company Expolanka Holdings PLC
with the aim of expanding the internationalcargo business.

2015

March

SG Sagawa Vietnam Co., Ltd. is established toprovide cargo and logistics services inVietnam.

2016

March

SG Holdings enters into strategic capital andbusiness alliance agreement with Hitachi
Transport System, Ltd.（current LOGISTEED,Ltd.）

NovemberPhat Loc Express and Trading Joint Stock
Company acquired with the aim of expanding
and strengthening the Vietnam delivery
business and building the customer base(name changed to SG Sagawa Express
Vietnam, LLC in March 2017 and later
dissolved following absorption-type merger
into surviving company SG Sagawa Vietnam
Co., Ltd.).

December

VST Co., Ltd. (current Sagawa Humony Co.,
Ltd.) becomes a subsidiary with the aim of
expanding the telegram-like services business.

2017

December

SG Holdings is listed on the First Section of theTokyo Stock Exchange.

2019

May

Established SG Motors Vietnam Co., Ltd. forthe purpose of supplying vehicle refrigerationequipment in Vietnam.

2020

March

Acquired Shanghai Runbow Logistics &Technology Co., Ltd. for the purpose of
expanding logistics business in East Asia andChina.

2022

March

Transited from the First Section of the Tokyo
Stock Exchange to the Prime Market of theTokyo Stock Exchange in accordance withmarket restructuring.

201422