Mitsubishi Logistics (9301) Corporate presentation summary

Business plan execution

• Strategies under the 2025–2030 plan are progressing steadily, with M&A, asset turnover and logistics–real estate synergies advancing the path to MLC2030.

• FY2030 ROE target is 10%+.

Logistics growth

• Aim to more than double logistics earnings from FY2024 levels; target a 6.9% profit margin, up 1.2pt vs. FY2024.

• Leased warehouse space in Japan increased by 65,078 m² vs. FY2024 as of Sep. 2026; H1 FY2026 category profit was ¥5.6bn against a ¥29.0bn target.

• New contracts included machinery above ¥1.0bn, consumer above ¥2.0bn and another consumer contract above ¥1.0bn; priority cargo includes cold chain, pharmaceuticals, semiconductors and region-specific sectors.

• Organizational changes, centralized transport management, customer-level profitability analysis and market-based pricing are intended to improve efficiency and pricing discipline.

Real estate and asset turnover

• Asset-turnover investments approved through Sep. 2026 totaled ¥68.2bn across 22 projects: ¥24.0bn in direct acquisitions and ¥44.2bn in SPC investments.

• More than ¥15.0bn in asset-turnover profit is expected, mainly from FY2028 onward, over ¥6.0bn above plan including property operating income.

• Planned annual investment: Japan ¥15.0bn in FY2025–FY2026 and ¥25.0bn from FY2027; overseas ¥5.0bn and ¥15.0bn, respectively; target after-tax IRR above 6–7% WACC, subject to project factors.

• Asset management targets AUM of ¥80bn by FY2030 and over ¥100bn from FY2031; first ¥30.0bn fund planned for FY2027.