Konoike Transport : Earning presentation material for the 3rd Quarter of Fiscal Year Ending March 31, 2023

Financial Results for the 3rd Quarter of Fiscal Year Ending

March 31, 2023

Konoike Transport Co., Ltd.

（Securities Code 9025/Prime Market）

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Summary of Consolidated Financial Results for Q3 FY 3/23

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1

FY 3/23(Reference) Revised Forecasts

(￥million)

Summary of Consolidated Financial Results for Q3 FY 3/23（YoY）

• Revenue increased due to factors that included generally strong production at clients, gains in unit price revisions (mainly in production contract work), an increase in transaction volume in Airport-Related Business in connection with the return of domestic and international passengers, an increase in transaction volume in connection with the recovery of economic conditions in various countries, and continued high ocean and air cargo rates.
• Operating income and Ordinary income rose due to higher revenue, in addition to efforts to improve profitability, which is the basic policy of our new FY3/2023 - FY3/2025 medium-term management plan, launched in April of this year. Other positive factors included the receipt of appropriate unit prices and improvement of operational efficiencies, despite the steep rise in fuel

prices. Profit attributable to owners of parent decreased due to a decrease (¥1,054 million) in extraordinary gains on the sale of strategic shareholdings that occurred in the previous fiscal year and an increase in tax expenses.

	FY 3/22
	Actual
	Q3	Composition
	Ratio
Net sales	223,255	100.0%
Gross profit	19,935	8.9%
SG&A expenses	11,412	5.1%
Operating income	8,523	3.8%
Non-operating income	1,714	0.8%
Non-operating exspenses	576	0.3%
Ordinary income	9,661	4.3%
Extraordinary income	1,321	0.6%
Extraordinary loss	487	0.2%
Profit attributable to	7,110	3.2%
owners of parent

FY 3/23

Actual

Q3	Composition
Ratio

237,119	100.0%
21,673	9.1%
10,892	4.6%
10,781	4.5%
1,323	0.6%
479	0.2%
11,624	4.9%
167	0.1%
576	0.2%
6,926	2.9%

YoY

Amount

Ratio

13,863 6.2%

1,737 8.7%

1. (4.6%)

2,258 26.5%

1. (22.8%)

1. (16.8%)

1,963 20.3%

(1,153) (87.3%)

89 18.4%

1. (2.6%)

Q4

312,000

12,700

14,000

8,600

Composition

Ratio

100.0%

4.1%

4.5%

2.8%

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2

Summary of Financial Results by Segment for Q3 FY 3/23 （YoY）

• Integrated Solutions Business: Revenue and profit increased due to efforts to improve profitability through unit price revisions for contract production work in the steel-related business, expanding domestic and international flights and cargo handling operations in the Airport-Related Business, the receipt of appropriate unit prices, and comprehensive improvements in operational efficiencies.
• Domestic Logistics Business: Revenue and profit increased as a result of efforts to improve profitability through increased transaction volume for food items and online orders in the Life-Related Business, receipt of appropriate unit prices, and improvement in operational efficiencies.
• International Logistics Business: Revenue and profit increased due to the increase in transaction volume for Vietnam, India, and the U.S. in connection with economic recoveries, the acquisition of large-scale projects, and ongoing sharp rises in ocean and air freight rates at the beginning of the fiscal year.

										(￥million)
							FY 3/23(Reference)
	FY 3/22*	FY 3/23	YoY
	Actual	Actual				Revised Forecasts
	Q3	Composition	Q3	Composition	Amount	Ratio			Q4	Composition
	Ratio	Ratio			Ratio
Net sales	223,255	100.0%	237,119	100.0%	13,863	6.2%	312,000	100.0%
Integrated Solutions	136,638	61.2%	142,564	60.1%	5,925	4.3%	187,093	60.0%
Domestic Logistics	39,021	17.5%	39,801	16.8%	780	2.0%	52,204	16.7%
International Logistics	47,594	21.3%	54,744	23.1%	7,149	15.0%	72,574	23.3%
Other(Note)	－	－	8	0.0%	8	－	135	0.0%
	Q3	Margin	Q3	Margin	Amount	Ratio			Q4	Margin
Segment income	8,523	3.8%	10,781	4.5%	2,258	26.5%	12,700	4.1%
Integrated Solutions	8,363	6.1%	10,271	7.2%	1,907	22.8%	13,398	7.2%
Domestic Logistics	2,456	6.3%	2,513	6.3%	57	2.3%	2,907	5.6%
International Logistics	2,219	4.7%	2,650	4.8%	430	19.4%	3,056	4.2%
Other(Note)	(16)	－	(98)	－	( 81)	－	( 72)	－
Adjustments	(4,499)	－	(4,555)	－	( 55)	－			( 6,524)	－

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

FY3/22 actual segment figures correspond to the organization of FY 3/23.	3
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Summary of Net Sales Breakdown by Service for Q3 FY 3/23（YoY）

• Steel Related・・・Although the earthquake reconstruction work was completed, sales increased due to the acquisition of unit price revisions in production contract work.
• Environmental & Engineering-Related: Revenue expected to increase due to large-scale construction projects and unit price revisions.
• Food-Related(Food): Revenue decreased due to production cutbacks among certain customers and a decline in transportation transaction volume.
• Food Products-Related: Revenue increased due to increased production among customers, as well as related increases in related warehousing and transportation volume.
• Airport-Related:Revenue increased due to the resumption of domestic and international flights and an expansion of contract domain.
• International-Related:Revenue and profit increased in transaction volume in Vietnam, India, and the U.S. in line with economic

recovery in those regions, and wins of large-scale projects.

(￥million)

Business

Segments

Integrated

Solutions

Domestic

Logistics

International

Logistics

-

Net sales

Steel-Related

Environmental＆ Engineering

Food-Related(Food)

Food Products -Related

Medical-Related

Airport-Related

Life-Related(Life)

Life-Related(Logistics)

Food-Related(Temp-Cntl-Related)

International-Related

Other

FY 3/22*

Actual

Q3	Composition
Ratio
223,255	100.0%
33,904	15.2%
10,272	4.6%
25,633	11.5%
36,588	16.4%
9,413	4.2%
6,766	3.0%
14,060	6.3%
25,731	11.5%
13,290	6.0%
47,594	21.3%
－	－

FY 3/23

Actual

Q3	Composition
Ratio
237,119	100.0%
34,197	14.4%
11,922	5.0%
24,952	10.5%
37,742	15.9%
10,126	4.3%
8,865	3.7%
14,757	6.2%
26,132	11.0%
13,669	5.8%
54,744	23.1%
8	0.0%

YoY

Amount

ratio

13,863 6.2%

1. 0.9%
   1,650 16.1%

1. (2.7%)
   1,153 3.2%

1. 7.6%
   2,098 31.0%

1. 5.0%

1. 1.6%

1. 2.9%

7,149 15.0%

• －

FY 3/23(Reference) Revised Forecasts

Q4	Composition
Ratio
312,000	100.0%
44,950	14.4%
15,468	5.0%
32,958	10.6%
48,608	15.6%
13,401	4.3%
12,228	3.9%
19,477	6.2%
34,366	11.0%
17,837	5.7%
72,574	23.3%
135	0.0%

Note: FY3/22 actual segment figures correspond to the organization of FY 3/23. .

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