fy2013 consolidated results - mitsubishi logistics...1.fy2013 consolidated results summary 2.fy2013...
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FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
FY2013 Consolidated Results May 2, 2014
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 1
1.FY2013 Consolidated Results Summary
2.FY2013 Consolidated Results (Consolidated Statement of Income)
3.FY2013 Consolidated Financial Condition (Conslidated Balance Sheet)
4.FY2014 Consolidated Earnings Forecast
5.Miscellaneous Information
FY2013 Consolidated Results Contents
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 2
1.FY2013 Consolidated Results Summary
1-1 Business Environment and Policy
1-2 Subsidiaries and Affiliates
1-3 Consolidated Operating Results (by Segment)
1-4 Consolidated Financial Condition
1-5 Consolidated Cash Flow
1.FY2013 Consolidated Results Summary
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-1-1 Business Environment and Policy
In the world economy, the US economy made a gradual recovery,
and there were signs of recovery in Europe. The emerging nations
such as China, made a gradual expansion, though there were some
signs of weakness towards the end of the fiscal year.
The Japanese economy also made a gradual recovery, as
capital expenditure recovered, consumer consumption and
production increased partly due to the last-minute demand
before an increase in consumption tax rate in April 2014.
The freight movement is making a recovery,
but is still affected by the logistics
rationalization, intensified competition, etc.
The demand for rental office buildings showed signs of recovery,
but the rent level partially decreased for some rental office buildings.
Warehouse and Logistics Real Estate
Business Environment in FY2013
3
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-1-2 Business Environment and Policy
Extension of distribution center operations especially for
pharmaceuticals, and expansion of overseas offices
Securing good tenants, Maintaining and improving
rent levels
Logistics Real Estate
Our Policy
[“umie”, Kobe Harborland Commercial Facilities]
4
[Misato Warehouse #2,Saitama]
Thorough Cost Management and Efficient Operations
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-2-1 Subsidiaries and Affiliates
5
Consolidated Subsidiaries
Equity-Method Subsidiaries No Change
ー (ー)
ー (ー)
-1 (Logistics -1)
50 (Logistics 42/ Real Estate 8)
51 (Logistics 43/ Real Estate 8)
57 (Logistics 48/ Real Estate 9)
58 (Logistics 48/
Real Estate 10) Subsidiaries
No Change 3 (Logistics 3)
3 (Logistics 3)
Equity-Method Affiliates
+1 (Logistics 1)
15 (Logistics 15)
14 (Logistics 14)
Affiliates
Change FY2013 FY2012
In logistics, we established an affiliate company in Myanmar in April 2013, and non-consolidated subsidiary in Indonesia, and transferred all stocks of consolidated subsidiary, Nagato Lines, Co., Ltd in December. In real estate, we liquidated a non-consolidated subsidiary in November 2013.
-1 (Real Estate -1)
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 6
1-2-2 List of Consolidated Subsidiaries Logistics Real Estate
Consolidated Subsidiaries(8)Tohoku Ryoso Transportation Co., Ltd. Kyushu Ryoso Transportation Co., Ltd. Dia Buil-Tech Co., Ltd.Sairyo Service Co., Ltd. Monryo Transport Corporation Yokohama Dia Building ManagementDia Pharmaceutical Network Co., Ltd. Hakuryo Koun Co., Ltd. CorporationTokyo Dia Service Co., Ltd. Seiho Kaiun Kaisha, Ltd. Chubo kaihatsu Co., Ltd.Dia Systems Corporation Saryo Service Co., Ltd. Nagoya Dia Buil-Tech Co., Ltd.Ryoso Transportation Co., Ltd. Mitsubishi Logistics America Corp. Osaka Dia Buil-Tech Co., Ltd.Unitrans Ltd. Mitsubishi Warehouse California Corp. Kobe Dia Service Co., Ltd.Keihin Naigai Forwarding Co., Ltd. Mitsubishi Logistics Europe B.V. Kobe Dia Maintenance Co., Ltd.Touryo Kigyo Co., Ltd. Fuji Logistics Europe B.V. T'ACT Co., Ltd.Fuji Logistics Co., Ltd. Mitsubishi Logistics China Co., Ltd.Tokyo Juki Transport Co., Ltd. Shanghai Linghua Logistics Co., Ltd.SII Logistics Inc. Shanghai Qingke Warehouse Fuji Logistics Operations Co., Ltd. Management Co., Ltd.Fuji Logistics Support Co., Ltd. Fuji Logistics (China) Co., Ltd.Kinko Service Co., Ltd. Fuji Logistics (Dalian F.T.Z.) Co., Ltd.Chubu Trade Warehousing Co., Ltd. Fuji Logistics (Shanghai) Co., Ltd.Meiryo Kigyo Co., Ltd. Mitsubishi Logistics Hong Kong Ltd.Ryoyo Transportation Co., Ltd. Fuji Logistics (H.K.) Co., Ltd.Kyokuryo Warehouse Co., Ltd. Mitsubishi Logistics Thailand Co., Ltd.Hanryo Kigyo Co., Ltd. P.T. Mitsubishi Logistics IndonesiaShinryo Koun Co., Ltd. Fuji Logistics (Malaysia) SDN. BHD.Naigai Forwarding Co., Ltd.
Nippon Container Terminals Co., Ltd. Jupiter Global LimitedKusatsu Soko Co., Ltd.
Consolidated Subsidiaries(42)
Equity-Method Affiliates(3)
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-3-1 Consolidated Operating Results
-79
+213
+248
-838
-0.8%
-2.8%
-1.3%
+3.1%
Difference Between the
Actual Results to the Forecast
*Forecast at FY 2013 Results
Presentation YOY FY2013 FY2012
8,591
14,526
12,305
192,260
-0.9% 8,600 -70 8,520 Net Income
+1.5% 13,900 -412 14,113 Ordinary Income
+2.1% 11,900 -156 12,148 Operating Income
-0.4% 199,000 +5,900 198,161 Revenue
*FY2013 Results Presentation was announced on October 31, 2013.
Revenue :Revenue increased 3% as a whole. In logistics, warehousing and land transportation business in pharmaceuticals and non-ferrous metal were strong, and revenue increased in international transpor- tation business, affected also by depreciating yen. Revenue decreased in real estate. In the main real-estate rental business, on one hand, the renovated Kobe Harborland commercial facilities contributed, but on the other hand, there was a negative effect of decline in demand for office buildings, and orders decreased in design and construction business. Operating Income:1% decline YOY overall. Although operating income increased in logistics, it decreased in real estate. Ordinary Income : 3% decrease YOY, as investment gain on equity method decreased. Net Income :1% decline YOY. There was an extraordinary gain from gain on sale of investment securities for effective use of assets, but also an extraordinary loss and an increase in corporate tax, etc.
7
(Unit: Millions of Yen)
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-3-2 Consolidated Operating Results
8
(Unit: Millions of Yen)
R e v e n u e I n c o m e s
FY2012
200,000
150,000
50,000
0
FY2013
6,000
3,000
Ordinary Income
Operating Income
Net Income
0
192,260
12,305
14,526
8,591 9,000
FY2012 FY2013
15,000
100,000
198,161
12,148
14,113
8,520
12,000
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-3-3 Segment Information 1. Revenue
9
FY2012 FY2013 YOY
Logistics 155,322 【80%】 162,481 【81%】 +7,159 +4.6%
Real Estate 38,749 【20%】 37,484 【19%】 -1,264 -3.3%
Internal Transactions -1,810 ー -1,804 - +5 -
Total 192,260 ー 198,161 - +5,900 +3.1%
*The percentage in [ ] does not account for internal transactions
Logistics :5% increase YOY. Warehousing and land transportation business in pharmaceuticals and non-ferrous metal were strong, and revenue increased in international transportation business, affected also by depreciating yen. Real Estate:3% decrease YOY. In the main real-estate rental business, on one hand, the renovated Kobe Harborland commercial facilities contributed, but on the other hand, there was a negative effect of decline in demand for office buildings, and orders decreased in design and construction business.
(Unit: Millions of Yen)
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-3-4 Segment Information 1. Revenue
10
(Unit: Millions of Yen)
FY2012 FY2013
Real Estate 37,484
Logistics 162,481 Revenue
198,161
Internal Transactions -1,804
Real Estate 38,749
Logistics 155,322 Revenue
192,260
Internal Transactions -1,810
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-3-5 Segment Information 2. Operating Income
FY2012 FY2013 YOY
Logistics 5,572 【33%】 6,816 【41%】 +1,244 +22.3%
Real Estate 11,107 【67%】 9,702 【59%】 -1,405 -12.7%
Parent Company’s General Expenses
-4,375 - -4,370 - +4 -
Total 12,305 - 12,148 - -156 -1.3%
*The percentage in [ ] does not account for parent company’s general expenses
Logistics :Operating income increased by 22%. An increase in revenue was more than an increase in operating cost, such as depreciation from full operation of our and our subsidiary’s new facilities (Misato warehouse #2, Ibaraki warehouse #3, and Fuji Logistics’ Mie logistics center). Real Estate:Operating income decreased by 13%. Revenue decreased, and in operating cost, there was a temporary cost for the renovated Kobe Harborland commercial facilities.
(Unit: Millions of Yen)
11
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-3-6 Segment Information 2. Operating Income
12
(Unit: Millions of Yen)
FY2012 FY2013
Real Estate 9,702
Logistics 6,816
Operating Income 12,148
Real Estate 11,107
Logistics 5,572
Operating Income 12,305
Parent Company’s General Expenses -4,375
Parent Company’s General Expenses
-4,370
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-4-1 Consolidated Financial Condition
13
(Unit: Millions of Yen)
End of FY2012
End of FY2013 Change Explanation
Total Assets 375,180 396,238
+21,058
“Cash and deposits” increased from issuing corporate bonds, and “Buildings and structures” and “Land” increased from increased capital expenditure [purchase of land for warehouse in Ibaraki (Osaka) in logistics and the renovation of Kobe Harborland commercial facilities in real estate]
+5.6%
Net Assets 227,827 236,641
+8,814 “Retained earnings” increased from net income, and “foreign currency conversion adjustment account” increased from the effects of depreciating yen +3.9%
Capital-Asset Ratio 60.2% 59.2% -1.0
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-4-2 Consolidated Financial Condition
14
(Unit: Millions of Yen)
End of FY2012 Mar.31 2013
100,000
200,000
300,000
400,000
0 End of FY2013 Mar. 31 2014
Capital-Asset Ratio
Net Assets
Total Assets
375,180
227,827
50.0%
52.0%
54.0%
56.0%
58.0%
60.0% 60.2%
59.2%
396,238
236,641
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
1-5-1 Consolidated Cash Flows
15
(Unit: Millions of Yen)
FY2013 Explanation
Balance at the Beginning of Fiscal Year (Apr. 1, 2013) 32,461
Change during the Period +8,774
Cash Flows from Operating Activities +19,701
Increase of 19.7 billion yen retained from net income and depreciation, etc.
Cash Flows from Investing Activities -23,144 Decrease of 23.1 billion yen from
acquiring fixed assets, etc.
Cash Flows from Financing Activities +11,634
Increase of 11.6 billion yen from issuing corporate bonds, and increased borrowings, etc.
Exchange Rate Change +583
Balance at the End of Fiscal Year (Mar. 31, 2014) 41,236 Increase of 8.8 billion yen from the
beginning of FY2013
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
27,416
FY2012
32,461
+245
+19,552
+5,045
+583
+8,774
32,461
Change During Period
Balance at the Beginning of FY
1-5-2 Consolidated Cash Flows (YOY)
16
(Unit: Millions of Yen)
+8,774
+9,873
-6,631
+149
+3,729
+5,045
YOY
Exchange Rate Change
Cash Flows from Financing Activities
Cash Flows from Investing Activities
Cash Flows from Operating Activities
+1,760
-16,513 Decreased YOY, caused by an increase in expenses from acquiring fixed assets
Increased YOY as retained funds from net income and depreciation increased
Explanation FY2013
41,236
Increased YOY from issuing corporate bonds
+11,634
Balance at the End of FY
+338
+19,701
-23,144
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
2.FY2013 Consolidated Results (Consolidated Statement of Income)
17
2.FY2013 Consolidated Results (Consolidated Statement of Income)
2-1 Consolidated Statement of Income
2-2 Breakdown of Revenue
2-3 Breakdown of Cost of Services
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
2-1-1 Consolidated Statement of Income
FY2012 FY2013 YOY
Revenue 192,260 198,161 +5,900 +3.1%
Cost of Services 170,900 176,942 +6,041 +3.5%
Gross Profit 21,360 21,219 -140 -0.7%
SG&A 9,054 9,071 +16 +0.2%
Operating Income 12,305 12,148 -156 -1.3%
Non-Operating Income 3,095 2,926 -168
Non-Operating Expenses 874 960 +86
Ordinary Income 14,526 14,113 -412 -2.8%
Extraordinary Income 237 2,032 +1,794
Extraordinary Loss 1,041 1,743 +702
Earnings before Tax 13,721 14,402 +680 +5.0%
Corporate Tax 5,044 5,718 +674
Income before Minority Interests 8,676 8,683 +6 +0.1%
Earnings of Minority Interests 85 162 +77
Net Income 8,591 8,520 -70 -0.8%
18
(Unit: Millions of Yen)
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
2-2-1 Breakdown of Revenue
19
(Unit: Millions of Yen)
FY2012 FY2012 FY2013 YOY Explanation
Revenue 192,260 198,161 +5,900 +3.1%
Warehouse Storage 21,650 22,125 +475 +2.2%
The handling of pharmaceuticals and non-ferrous metals increased strongly
Warehouse Cargo Handling 14,944 15,373 +428 +2.9%
Land Transportation 40,577 42,645 +2,067 +5.1%
Port and Harbor Operations 16,738 16,620 -117 -0.7% The handling of container
freight decreased
International Transportation 43,627 46,934 +3,307 +7.6% It was affected by
depreciating yen, etc.
Real Estate Rent 31,342 31,905 +562 +1.8% The renovated Kobe Harborland commercial facilities contributed, etc.
Other 23,379 22,556 -823 -3.5% Decreased orders in design and construction business, etc.
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
2-3-1 Breakdown of Cost of Services
20
(Unit: Millions of Yen)
FY2012 FY2013 YOY Explanation
Cost of Services 170,900 176,942 +6,041 +3.5%
Operational and Transportation Consignment Costs
79,327 83,710 +4,382 +5.5% Increased in the number of cargo handled in logistics
Personnel Expenses 33,596 34,075 +478 +1.4% Increased in consolidated
subsidiaries
Facility Rental Expenses 7,797 8,047 +250 +3.2%
Increased in logistics, from increased volume of cargo handled
Depreciation 11,804 12,277 +473 +4.0% Increased both in logistics and real estate from operation of new facilities
Other 38,374 38,831 +456 +1.2% Temporary expense from the renovation of Kobe Harborland commercial facilities, etc.
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 21
3.Consolidated Financial Condition (Consolidated Balance Sheet)
3.Consolidated Financial Condition at the end of FY2013 (Consolidated Balance Sheet)
3-1 Assets
3-2 Liabilities and Net Assets
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
3-1-1 Assets
22
(Unit: Millions of Yen)
End of FY2012
End of FY2013 Change Explanation
Assets 375,180 396,238 +21,058
Cash and Deposits 29,367 35,523 +6,156
【Increase】 Retained earnings from operating activities and depreciation, new borrowings, issuing corporate bonds 【Decrease】Capital expenditure, payment of corporate tax, and dividends
Marketable Securities 4,500 7,600 +3,100 Increase in investment of negotiable deposit
Buildings and Structures 104,026 107,530 +3,504 The construction work for the renovation of
Kobe Harborland commercial facilities
Land 66,158 71,348 +5,190 Acquisition of warehouse site in Ibaraki (Osaka)
Construction in Progress 2,934 5,144 +2,210 Payment of construction cost for Nihonbashi Dia
Building, etc.
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
3-2-1 Liabilities and Net Asset
23
(Unit: Millions of Yen)
End of FY2012 End of FY2013 Change Explanation
Liabilities 147,352 159,596 +12,244
Notes and Accounts Payable 20,037 18,915 -1,121
Payment of construction cost related to condominiums sold at the end of last FY
Short-term Debt 15,124 19,447 +4,323 Increase from new borrowings
Long-term Debt 13,882 13,715 -167
Bonds Redeemable within a Year
- 5,000 +5,000 Transfer of #9 unsecured corporate bond to short-term bond, and issuing #14 and #15 unsecured corporate bonds Bonds 29,000 34,000 +5,000
Net Asset 227,827 236,641 +8,814
Retained Earnings 151,269 157,685 +6,416 Reporting net income
foreign currency translation adjustment -1,134 956 +2,091 Increase from the effect of
depreciating yen
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 24
4. Full-Year FY2014 Consolidated Earnings Forecast
4. FY 2014 Consolidated Earnings Forecast
4-1 Revenue (Estimate)
4-2 Cost of Services (Estimate)
4-3 Income (Estimate)
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
4-1-1 Revenue (Estimate)
25
Logistics : Increase in revenue expected as we expect expansion in warehouse, and land transportation, recovery in container cargo of port and harbor operations, and increased cargo in ocean freight and air cargo in international transportation. Real Estate: Decrease in revenue expected. In the main real-estate rental business, although the new operation of Nihonbashi Dia Building will contribute, there will be a decrease in the number of condominiums for sale in condominium sales business. Overall revenue is expected to increase.
(Unit: Millions of Yen)
FY2013 Results
FY2014 YOY 1H
Estimate 2H
Estimate Full-Year Estimate
Revenue 198,161 102,700 107,300 210,000 +11,838 +6.0%
Logistics 162,481 85,900 88,900 174,800 +12,318 +7.6%
Real Estate 37,484 17,700 19,300 37,000 -484 -1.3%
Internal Transactions -1,804 -900 -900 -1,800 +4 -
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
4-1-2 Revenue (Estimate)
26
(Unit: Millions of Yen)
FY2013 Results
FY2014 Estimate
Internal Transactions
Real Estate 37,484
Logistics 162,481 Revenue
198,161
Internal Transactions
Real Estate
Logistics Revenue
-1,804
37,000
-1,800
210,000 174,800
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
4-2-1 Cost of Services (Estimate)
27
Overall increase expected. In logistics, we expect operational and transportation consignment costs to increase from increased cargo, and depreciation to increase from operation of new logistics information system. In real estate, there will be an increase in depreciation from the new operation of Nihonbashi Dia Building and temporary cost for real estate acquisition tax, etc. SG&A is expected to increase YOY.
(Unit: Millions of Yen)
FY2013 Results
FY2014 YOY
1H Estimate
2H Estimate
Full-Year Estimate
Cost of Services 176,942 92,300 96,200 188,500 +11,557 +6.5%
SG&A 9,071 4,600 4,600 9,200 +128 +1.4%
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
4-3-1 Income (Estimate)
28
Operating Income :Expected to increase YOY as a whole, as the operating income is expected to increase in logistics and decrease in real estate Ordinary Income :Expected to increase YOY Net Income :Expected to decrease, as we reported gain on sale of investment securities as an extraordinary profit this FY
(Unit: Millions of Yen)
FY2013 Results
FY2014 YOY
1H Estimate
2H Estimate
Full-Year Estimate
Operating Income 12,148 5,800 6,500 12,300 +151 +1.2%
Logistics 6,816 4,000 4,000 8,000 +1,183 +17.4%
Real Estate 9,702 4,000 4,700 8,700 -1,002 -10.3%
Parent’s General Administrative Expenses
-4,370 -2,200 -2,200 -4,400 -29
Ordinary Income 14,113 7,000 7,400 14,400 +286 +2.0%
Net Income 8,520 4,100 4,100 8,200 -320 -3.8%
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
4-3-2 Operating Income (Estimate)
29
(Unit: Millions of Yen)
FY2013 Results
FY2014 Estimate
Real Estate 9,702
Logistics 6,816
Operating Income 12,148
Parent Company’s General Expenses
-4,370
Real Estate 8,700
Logistics 8,000
Operating Income 12,300
Parent Company’s General Expenses -4,400
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 30
5. Miscellaneous Information
5.Miscellaneous Information
5-1 Volume Handled in Logistics (Parent)
5-2 Warehouse and Real Estate Leasing Area (Parent)
5-3 Capital Expenditure
5-4 Depreciation
5-5 New Facilities
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
5-1-1 Volume Handled in Logistics (Parent)
31
FY2012 FY2013 YOY
Warehouse Inbound Volume Quantity 2,632 1,000
tons 2,629 1,000 tons -0.1 %
Warehouse Outbound Volume
Quantity 2,625 1,000 tons 2,626 1,000
tons +0.0 %
Warehouse Storage Balance
Quantity 537 1,000 tons 558 1,000
tons +3.9 %
Amount 329,235 million Yen 353,779 million
Yen +7.5 %
Warehouse Freight Turnover Rate
Quantity 40.8 % 39.2 % -1.5
Land Transport Quantity 12,737 1,000 tons 12,973 1,000
tons +1.9 %
Port and Harbor Operations
Shore Handling Quantity 66,271 1,000
tons 67,939 1,000 tons +2.5 %
Inboard Handling Quantity 47,802 1,000
tons 47,206 1,000 tons -1.2 %
International Transportation Quantity 6,698 1,000
tons 6,449 1,000 tons -3.7 %
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
5-2-1 Warehouse and Real Estate Leasing Area (Parent)
32
+2.3
+4.6
YOY
899
1,007
864
FY2013
Real Estate Leasing Area (excludes warehouse leasing)
1,000㎡
1,000㎡
1,000㎡
1,000㎡ 886
% 1,000㎡ 985 Building Leasing Area
(Monthly Average)
% 1,000㎡ 826 Warehouse Storage Area
(Monthly Average)
FY2012
March 31, 2013 Sept. 30, 2013 March 31, 2014
Building Leasing Vacancy Rate 3.1% 3.0% 3.7%
% +1.5
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
5-3-1 Capital Expenditure
33
FY2013 Results: 25.166 Billion Yen (Consolidated Cash Flow Statement “Spending on Fixed Asset Acquisition”) [Major Projects] Construction of office buildings, acquisition of land for warehouse, renovation of commercial facilities, development of new logistics information system, etc.
FY2014 Estimate: 18.4 Billion Yen [Major Projects] Construction of office buildings, development of logistics information system, etc.
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved
5-4-1 Depreciation
34
FY2013 Results FY2014 Estimate Explanation
Total 12.517 billion Yen
13.5 billion Yen
Logistics 6.019 billion
Yen 6.4 billion
Yen
Increase of 400 million yen expected as new logistics information system begins its operation
Real Estate 6.395 billion
Yen 7.0 billion
Yen
Increase of 600 million yen expected as new Nihonbashi Dia Building to begin its operation, etc.
Corporate Expense
0.102 billion Yen
0.1 billion Yen
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 35
5-5-1 New Facilities
Diacrest Hisasue
Diacrest Hisasue Completed on July 25, 2013 Diacrest Musashi-Nakahara Completed on November 1, 2013 Purpose Residence Location Kawasaki, Kanagawa
Mie Logistics Center (Fuji Logistics) Completed April 24, 2013 Purpose Distribution center for electric products Location Yokkaichi, Mie Total Floor Area 16,400㎡(2 stories)
Diacrest Musashi-Nakahara
FY2013 Consolidated Results Presentation Copyright 2014 Mitsubishi Logistics Corporation All Rights Reserved 36
Nihonbashi Dia Building
Construction of Disaster-Resistant and Environment-Friendly High-Rise Office Building in Nihonbashi, Tokyo We will provide leased offices that provide safety, ease and comfort while preserving the exterior of Tokyo’s historical “Edobashi Soko Building”
Construction Period Building Scale Total Floor Area Purpose Amount Invested
: October 2011- August 2014 (planned) : 18 stories with a basement, 90m high (earthquake-proof) : 30,000m2 : Offices, trunk room, parking : 13.0 Billion Yen
Characteristics: ●Enhanced Disaster Prevention, Response & Recovery: Adopted an anti-seismic and seismic isolation structure, enhanced flood prevention measures, and enhanced power outage measures ●Efficient Use of Energy: Adopted solar power generation, installed highly efficient energy control system and air-conditioning system, and adopted heat-insulated multi-layer glass and LED lights ●Implementing Environmental Measures: Plant trees on 6F rooftops, and using rain water ●Features trunk room in some floors
5-5-2 New Facilities
Forecasts in this material is based on the information available to the Company’s management as of the date of release and certain assumption judged rational. Accordingly, there might be cases in which actual results differ from forecast of this material.
For the Realization of Rich and Sustainable Society