1H FY2016 Consolidated Results - Mitsubishi Logistics · 1H FY2016 Consolidated Results Nov 8, 2016...

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1H FY2016 Consolidated Results Nov 8, 2016

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  • 1H FY2016 Consolidated Results Nov 8, 2016

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1H FY2016 Consolidated Results Contents

    1

    1. 1H FY2016 Consolidated Results Summary

    2. 1H FY2016 Consolidated Results (Consolidated Statement of Income)

    3. 1H FY2016 Consolidated Financial Condition (Consolidated Balance Sheet)

    4. FY2016 Consolidated Earnings Forecast

    5. Miscellaneous Information

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1. 1H FY2016 Consolidated Results Summary

    2

    1. 1H FY2016 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 Flows

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-1-1 Business Environment and Policy

    In the world economy, recovery continued in the U.S., business conditions in Europe also showed a modest recovery, and even

    in China there was a visible movement toward recovery.

    In Japan, although capital expenditure has been at a standstill, employment conditions improved, consumer spending was

    steady, and the economy continued on a slow but steady road to recovery.

    Business Environment in 1H FY2016

    3

    Sluggish growth of cargo volume and intensified competition, etc.

    Warehouse and Logistics The demand and supply for rental office buildings showed signs of recovery, but the rent levels did

    not make a recovery.

    Real Estate

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-1-2 Business Environment and Policy

    4

    Our Policy

    Extension of distribution center operations especially for

    pharmaceuticals, and expansion of overseas offices.

    Logistics Real Estate

    [Misato Warehouse #2, Saitama]

    Thoroughly ensuring cost management and increasing efficiency of operations

    [Nihonbashi Dia Building]

    Securing good tenants, and maintaining and improving rent

    levels.

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-2-1 Subsidiaries and Affiliates

    5

    Consolidated Subsidiaries

    Equity-Method Subsidiaries No Change

    ー (ー)

    ー (ー)

    52 (Logistics 44/ Real Estate 8)

    52 (Logistics 44/ Real Estate 8)

    57 (Logistics 48/ Real Estate 9)

    57 (Logistics 48/ Real Estate 9)

    Subsidiaries

    No Change 3 (Logistics 3)

    3 (Logistics 3)

    Equity-Method Affiliates

    No Change 15 (Logistics 15)

    15 (Logistics 15)

    Affiliates

    Change 1H FY2016 FY2015

    No Change

    No Change

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-2-2 List of Consolidated Subsidiaries

    6

    Logistics Real Estate

    Tohoku Ryoso Transportation Co., Ltd. Monryo Transport Corporation Dia Buil-Tech Co., Ltd.Sairyo Service Co., Ltd. Hakuryo Koun Co., Ltd. Yokohama Dia Building ManagementDia Pharmaceutical Network Co., Ltd. Seiho Kaiun Kaisha, Ltd. CorporationTokyo Dia Service Co., Ltd. Saryo Service Co., Ltd. Chubo Kaihatsu Co., Ltd.Dia Systems Corporation Mitsubishi Logistics America Corp. Nagoya Dia Buil-Tech Co., Ltd.Ryoso Transportation Co., Ltd. Mitsubishi Warehouse California Corp. Osaka Dia Buil-Tech Co., Ltd.Unitrans Ltd. Mitsubishi Logistics Europe B.V. Kobe Dia Service Co., Ltd.Keihin Naigai Forwarding Co., Ltd. Fuji Logistics Europe B.V. Kobe Dia Maintenance Co., Ltd.Touryo Kigyo Co., Ltd. Mitsubishi Logistics China Co., Ltd. T'ACT Co., Ltd.Fuji Logistics Co., Ltd. Shanghai Linghua Logistics Co., Ltd.Tokyo Juki Transport Co., Ltd. Shanghai Qingke Warehouse SII Logistics Inc. Management Co., Ltd.Fuji Logistics Operations Co., Ltd. Shanghai Lingyun Global Forwarding 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. P.T.Dia-Jaya Forwarding IndonesiaNaigai Forwarding Co., Ltd. Fuji Logistics (Malaysia) SDN. BHD.Kyushu Ryoso Transportation Co., Ltd.

    Nippon Container Terminals Co., Ltd. Jupiter Global LimitedKusatsu Soko Co., Ltd.

    Equity-Method Affiliates (3)

    Consolidated Subsidiaries (44) Consolidated Subsidiaries (8)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    Revenue: Revenue decreased by 7% as a whole. In logistics, although the cargo handling in port and harbor operations increased, in the international transportation business there was a decrease of revenue due to a decrease of cargo handling, a drop of ocean freight rates, and strong yen rates. In real estate, due to a decrease in the number of condominiums for sale, etc., there was a decrease of revenue. Operating Income: We posted an increase of income by 11% YOY on the whole as income increased in both logistics and real estate. Ordinary Income: 10% increase YOY from an increase in operating income Profit Attributable to Owners of Parent: 1% decrease YOY from a decrease of gain on sales of investment securities

    1-3-1 Consolidated Operating Results

    -137

    +656

    +458

    -7,863

    -1.0%

    +10.1%

    +10.9%

    -6.5%

    Difference Between the

    Actual Results and the Forecast

    *Initial Results

    Forecast for 1H FY2016

    YOY 1H FY2016 1H

    FY2015

    5,111

    6,952

    5,641

    104,386

    -2.6% 5,200 -49 5,062 Profit Attributable to Owners of Parent

    +9.4% 7,000 +704 7,656 Ordinary Income

    +7.9% 5,800 +617 6,258 Operating Income

    -7.5% 105,500 -6,749 97,636 Revenue

    *1H FY2016 Results Forecast was announced on April 28, 2016.

    7

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-3-2 Consolidated Operating Results

    8

    100,000

    0

    経常利益 営業利益 当期純利益

    120,000

    104,386 97,636

    80,000

    60,000

    40,000

    2,000

    0

    5,641

    6,952

    5,111

    4,000

    8,000

    6,258

    7,656

    5,062

    6,000

    20,000

    (Unit: Millions of Yen)

    R e v e n u e I n c o m e s Operating Income

    Ordinary Income

    Profit Attributable to Owners of Parent

    1H FY2015 1H FY2016 1H FY2015 1H FY2016

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-3-3 Segment Information 1. Revenue

    9

    1H FY2015 1H FY2016 YOY

    Logistics 85,691 【81%】 81,154 【82%】 -4,537 -5.3%

    Real Estate 19,706 【19%】 17,517 【18%】 -2,188 -11.1%

    Internal Transactions -1,011 - -1,035 - -24 -

    Total 104,386 - 97,636 - -6,749 -6.5%

    *The figures in [ ] show the size of the Logistics and Real Estate businesses as percentages (excluding Internal Transactions), and therefore total 100% in both columns.

    Logistics: 5% YOY decrease as a whole. There was only a slow decrease of cargo handling in warehousing and land

    transportation, and although cargo handling increased in port and harbor operations, a decrease of cargo handling

    in the international transportation business, a drop in the ocean freight rates, and strong yen rates resulted in a

    decrease of revenue.

    Real Estate: 11% decrease YOY overall. In the main real estate rental business, income decreased due to a decrease of

    miscellaneous income, such as electric power income, etc., and there was also a decrease in the number of

    condominiums for sale in condominium sales business.

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-3-4 Segment Information 1. Revenue

    10

    Real Estate 17,517

    Logistics 81,154 Revenue

    97,636

    Internal Transactions -1,035

    Real Estate 19,706

    Logistics 85,691 Revenue

    104,386

    Internal Transactions

    -1,011

    (Unit: Millions of Yen)

    1H FY2015 1H FY2016

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-3-5 Segment Information 2. Operating Income

    1H FY2015 1H FY2016 YOY

    Logistics 2,694 【33%】 3,468 【38%】 +774 +28.7%

    Real Estate 5,364 【67%】 5,632 【62%】 +267 +5.0%

    Parent Company’s General Expenses

    -2,417 - -2,841 - -423 -

    Total 5,641 - 6,258 - +617 +10.9%

    *The percentage in [ ] does not account for parent company’s general expenses

    11

    Logistics: Operating income increased by 29% as in addition to a decrease of operational and transportation consignment costs, etc., from decreased cargo handling, there was also a decrease in depreciation and repair expenses. Real Estate: Operating income increased by 5% as in addition to a decrease of cost of sales of real estate, etc. from a decrease of the number of condominiums for sale, there was also a decrease in depreciation and repair expenses.

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-3-6 Segment Information 2. Operating Income

    12

    Real Estate 5,632

    Logistics 3,468

    Operating Income 6,258

    Parent Company’s General Expenses -2,841

    Real Estate 5,364

    Logistics 2,694

    Operating Income 5,641

    Parent Company’s General Expenses -2,417

    (Unit: Millions of Yen)

    1H FY2015 1H FY2016

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-4-1 Consolidated Financial Condition

    13

    End of FY2015

    End of 1H FY2016 Change Explanation

    Total Assets

    413,264 411,670

    -1,594 Although “Investments in Securities” increased due to a rise in market value of stocks, “Cash and Deposits” decreased due to payments of current liabilities of operating accounts payable, accounts payable, etc. -0.4%

    Net Assets

    257,524 260,381

    +2,857 Although “Foreign Currency Translation Adjustment” decreased following strong yen rates, “Retained Earnings” increased from posting of profit attributable to owners of parent. +1.1%

    Equity Ratio 61.7% 62.6% +0.9

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-4-2 Consolidated Financial Condition

    14

    100,000

    200,000

    300,000

    400,000

    0

    413,264

    257,524

    52.0%

    54.0%

    56.0%

    58.0%

    64.0%

    61.7% 62.6%

    411,670

    260,381

    500,000 60.0%

    50.0%

    62.0% Equity Ratio

    Net Assets

    Total Assets

    (Unit: Millions of Yen)

    End of FY2015 Mar. 31, 2016

    End of 1H FY2016 Sept. 30, 2016

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-5-1 Consolidated Cash Flows

    15

    1H FY2016 Explanation

    Balance at the Beginning of Fiscal Year (Apr. 1, 2016)

    45,658

    Change during the Period -3,637

    Cash Flows from Operating Activities

    +8,022 Increase of 8.0 billion yen retained from profit before income taxes and depreciation, etc.

    Cash Flows from Investing Activities

    -9,446 Decrease of 9.4 billion yen from acquiring fixed assets, etc.

    Cash Flows from Financing Activities

    -1,555 Decrease of 1.5 billion yen from payment of dividends, etc.

    Exchange Rate Change -658

    Balance at the End of the Period (Sept. 30, 2016) 42,020

    Decrease of 3.6 billion yen from the beginning of FY2016

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    1-5-2 Consolidated Cash Flows (YOY)

    16

    1H FY2015 1H FY2016 YOY Explanation

    Balance at the Beginning of FY

    43,276 45,658 +2,381

    Change During Period

    +5 -3,637 -3,643

    Cash Flows from Operating Activities

    +9,700 +8,022 -1,677 Decreased YOY, caused by an increase in real estate for sale purchased

    Cash Flows from Investing Activities

    -4,106 -9,446 -5,339 Decreased YOY, caused by an increase in expenses from acquiring fixed assets

    Cash Flows from Financing Activities

    -5,554 -1,555 +3,999 Increased YOY, due to redemption of bonds in the corresponding period of last year

    Exchange Rate Change -33 -658 -624

    Change of Scope of Consolidation +360 - -360

    Balance at the End of the Period

    43,642 42,020 -1,621

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    2. 1H FY2016 Consolidated Results (Consolidated Statement of Income)

    17

    2. 1H FY2016 Consolidated Results (Consolidated Statement of Income)

    2-1 Consolidated Statement of Income

    2-2 Breakdown of Revenue

    2-3 Breakdown of Cost of Services

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    2-1 Consolidated Statement of Income

    1H FY2015 1H FY2016 YOY

    Revenue 104,386 97,636 -6,749 -6.5%

    Cost of Services 93,834 86,253 -7,581 -8.1%

    Gross Profit 10,551 11,382 +831 +7.9%

    SG&A 4,909 5,123 +213 +4.4%

    Operating Income 5,641 6,258 +617 +10.9%

    Non-Operating Income 1,696 1,736 +40

    Non-Operating Expenses 385 339 -46

    Ordinary Income 6,952 7,656 +704 +10.1%

    Extraordinary Income 1,286 220 -1,065

    Extraordinary Loss 544 456 -88

    Profit before Income Taxes 7,694 7,420 -273 -3.6%

    Income Taxes 2,555 2,335 -220

    Profit 5,138 5,085 -53 -1.0% Profit Attributable to Non-controlling Interests

    27 23 -4

    Profit Attributable to Owners of Parent

    5,111 5,062 -49 -1.0%

    18

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    2-2 Breakdown of Revenue

    19

    1H FY2015 1H FY2016 YOY Explanation

    Revenue 104,386 97,636 -6,749 -6.5%

    Warehouse Storage 11,854 11,756 -97 -0.8%

    Although handling of pharmaceuticals increased, handling of nonferrous metals decreased

    Warehouse Cargo Handling 8,197 8,098 -99 -1.2%

    Land Transportation 21,962 21,915 -47 -0.2%

    Port and Harbor Operations 8,361 8,896 +534 +6.4%

    The handling of container freight increased, etc.

    International Transportation 25,746 20,957 -4,788 -18.6%

    Due to decreased cargo handling, drop in ocean freight rates, and strong yen rates

    Real Estate Rent 16,377 16,129 -248 -1.5% Decrease of miscellaneous income, such as electric power income, etc.

    Other 11,886 9,882 -2,003 -16.9% Decrease in number of condominiums for sale in condominium sales business

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    2-3 Breakdown of Cost of Services

    20

    1H FY2015 1H FY2016 YOY Explanation

    Cost of Services 93,834 86,253 -7,581 -8.1%

    Operational and Transportation Consignment Costs

    44,447 40,067 -4,380 -9.9% Decrease of revenue in logistics

    Personnel Expenses 17,449 17,693 +243 +1.4%

    Facility Rental Expenses 4,564 4,397 -166 -3.6% Decrease in logistics

    Depreciation 6,595 6,157 -437 -6.6% Decrease in both logistics and real estate

    Other 20,777 17,937 -2,840 -13.7% Decrease of cost of sales of real estate, etc. from a decrease of the number of condominiums for sale

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    3. 1H FY2016 Consolidated Financial Condition (Consolidated Balance Sheet)

    21

    3. 1H FY2016 Consolidated Financial Condition (Consolidated Balance Sheet)

    3-1 Assets

    3-2 Liabilities and Net Assets

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    3-1 Assets

    22

    End of FY2015 End of 1H FY2016 Change Explanation

    Assets 413,264 411,670 -1,594

    Cash and Deposits 45,398 38,644 -6,754 Decrease due to capital expenditure, payment of income taxes, payment of dividends, increase in investment of negotiable deposit, etc.

    Securities 2,000 5,000 +3,000 Increase in investment of negotiable deposit

    Buildings and Structures 112,241 107,356 -4,884 Decrease due to depreciation

    Land 74,322 79,614 +5,292 Increase due to acquisition of right of using land in Indonesia, etc.

    Investments in Securities 98,237 99,374 +1,137 Increase in market value of stocks

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    3-2 Liabilities and Net Assets

    23

    End of FY2015 End of 1H FY2016 Change Explanation

    Liabilities 155,740 151,288 -4,451

    Notes and Operating Accounts payable – trade

    18,954 17,732 -1,222 Payment of operating accounts payable, etc.

    Current Liabilities Other 11,621 8,998 -2,622 Payment of accounts payable, etc.

    Net Assets 257,524 260,381 +2,857

    Retained Earnings 172,200 176,210 +4,010 Reporting profit attributable to owners of parent

    Net Unrealized Holding Gains on Securities

    40,282 41,479 +1,197 Increase in valuation difference after deducting tax effect, due to a rise in market value of stocks

    Foreign Currency Translation Adjustment

    1,703 -595 -2,299 Decrease due to strong yen rates

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    4. FY2016 Consolidated Earnings Forecast

    24

    4. FY2016 Consolidated Earnings Forecast

    4-1 Forecast for Revenue and Expenses

    4-2 Income (Estimate)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    4-1-1 Forecast for Revenue and Expenses

    25

    FY2015 Results

    FY2016 Full-Year Forecast

    YOY

    Revenue 206,831 215,000 +8,168 +3.9%

    Logistics 169,006 174,000 +4,993 +3.0%

    Real Estate 39,876 43,200 +3,323 +8.3%

    Internal Transactions -2,051 -2,200 -148 -

    Cost of Services 185,838 192,600 +6,761 +3.6%

    SG&A 9,684 10,300 +615 +6.4%

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    4-1-2 Revenue (Estimate)

    26

    (Unit: Millions of Yen)

    FY2015 Results

    FY2016 Estimate

    Internal Transactions

    Real Estate 39,876

    Logistics 169,006 Revenue

    206,831

    Internal Transactions

    Real Estate

    Logistics Revenue

    -2,051

    43,200

    -2,200

    215,000 174,000

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    4-2-1 Income (Estimate)

    27

    FY2015 Results

    FY2016 Full-Year Estimate

    YOY

    Operating Income 11,309 12,100 +790 +7.0%

    Logistics 5,579 6,700 +1,120 +20.1%

    Real Estate 10,614 10,800 +185 +1.7%

    Parent’s General Administrative Expenses

    -4,885 -5,400 -514 -

    Ordinary Income 14,025 14,800 +774 +5.5%

    Profit Attributable to Owners of Parent 9,350 9,600 +249 +2.7%

    (Unit: Millions of Yen)

    In this second quarter under review, there will be no changes to the forecast of performance results for the full fiscal year. Although a decrease of cargo handling in the international transportation business, a drop in the ocean freight rates, and strong yen rates, have resulted in revenue weaknesses, performance in general followed the forecast announced at the beginning of the term.

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    4-2-2 Operating Income (Estimate)

    28

    FY2015 Results

    FY2016 Estimate

    Real Estate 10,614

    Logistics 5,579

    Operating Income 11,309

    Parent Company’s General Expenses -4,885

    Real Estate 10,800

    Logistics 6,700

    Operating Income 12,100

    Parent Company’s General Expenses -5,400

    (Unit: Millions of Yen)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    5. Miscellaneous Information

    29

    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

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    5-1 Volume Handled in Logistics (Parent)

    30

    1H FY2015 1H FY2016 YOY

    Warehouse Inbound Volume Quantity 1,256

    1,000 tons 1,270

    1,000 tons +1.1 %

    Warehouse Outbound Volume

    Quantity 1,221 1,000 tons 1,256 1,000 tons +2.8 %

    Warehouse Storage Balance

    Quantity 588 1,000 tons 565 1,000 tons -3.9 %

    Amount 381,229 million Yen 388,201 million

    Yen +1.8 %

    Warehouse Freight Turnover Rate

    Quantity 35.1 % 37.2 % +2.1

    Land Transport Quantity 6,271 1,000 tons 6,252 1,000 tons -0.3 %

    Port and Harbor Operations

    Shore Handling Quantity 36,914

    1,000 tons 35,076

    1,000 tons -5.0 %

    Onboard Handling Quantity 23,699

    1,000 tons 27,429

    1,000 tons +15.7 %

    International Transportation Quantity 3,206

    1,000 tons 3,050

    1,000 tons -4.9 %

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    5-2 Warehouse and Real Estate Leasing Area (Parent)

    31

    Sept. 30, 2015 March 31, 2016 Sept. 30, 2016

    Building Leasing Vacancy Rate 2.3% 2.0% 1.8%

    1H FY2015 1H FY2016 YOY

    894 1,000㎡ 914 1,000㎡ +2.2 %

    1,048 1,000㎡ 1,034 1,000㎡ -1.3 %

    927 1,000㎡ 919 1,000㎡ -0.9 %

    Warehouse Storage Area (Monthly Average)

    Building Leasing Area (Monthly Average)

    Real Estate Leasing Area (excludes warehouse leasing)

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    5-3 Capital Expenditure

    32

    FY2015 Results: 9.677 Billion Yen (Consolidated Cash Flow Statement “Spending on Fixed Asset Acquisition”) [Major Projects]

    Expansion of warehouse, maintenance and renewal of logistics and real estate facilities, etc.

    FY2016 Estimate: 19.5 Billion Yen [Major Projects]

    Acquisition of warehouse site, construction of facilities for leasing, etc.

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    5-4 Depreciation

    33

    FY2015 Results FY2016 Estimate Explanation

    Total 13.830 billion

    Yen 12.9 billion

    Yen

    Logistics 6.785 billion

    Yen 6.2 billion

    Yen

    Although there is an increase due to reinforcement of transportation vehicles, etc., expected to decrease on the whole due to a gradual decrease resulting from calculating by a declining-balance method

    Real Estate 6.809 billion

    Yen 6.5 billion

    Yen

    Expected to decrease due to a gradual decrease resulting from calculating by a declining-balance method

    Corporate Expense

    0.235 billion Yen

    0.2 billion Yen

  • 1H FY2016 Consolidated Results Presentation Copyright 2016 Mitsubishi Logistics Corporation All Rights Reserved

    P.T. Mitsubishi Logistics Indonesia MM2100 Distribution Center

    34

    5-5 New Facilities

    Minami Honmoku MC-3 terminal

    Rendering

    Operations started April 2015 Location: Naka-ku, Yokohama-shi, Kanagawa Facility area: Approx. 225,000 ㎡

    Scheduled for completion in July 2017 Construction of a new distribution center for P.T. Mitsubishi Logistics Indonesia Location: Bekasi, West Java Total Floor Area: Approx. 18,000 ㎡

  • Forecasts in this presentation are based on the information available to the Company’s management as of the date of release, and certain assumptions judged rational. Accordingly, there might be cases in which actual results differ from forecasts in this presentation.

    For the Realization of a Rich and Sustainable Society