Tohbu Network

Basic Information

Stock Code
9036
Industry
Land Transportation Industry
Category Detail
Land Transportation
Prefecture
Kanagawa Prefecture
Establishment Year
December 1943
Listing Year
November 1999
Official Website
https://www.tohbu.co.jp/
TSE Information
TSE Information
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Overview

Tohbu Network is a land transportation company founded in 1943 with its base in Kanagawa Prefecture, having built a stable business foundation primarily through cargo transportation and logistics center operations.

Current Situation

Tohbu Network achieved consolidated sales of approximately 9.8 billion yen and net profit of approximately 400 million yen in the fiscal year ending March 2023. Centered in Kanagawa Prefecture, it engages in diversified operations including general cargo, vehicle maintenance, warehousing, and more, while maintaining transactions with major companies such as Coca-Cola. Since 2022, it has pursued subsidiaries including Tohoku Sankou and Uozu Unyu to expand its business areas. Its own building rental business also serves as a stable source of income, with strengths in regional closeness and logistics efficiency enhancement. It has also started specific passenger transportation services such as shuttle bus operations to diversify revenue. Looking ahead, it anticipates growing demand for industrial gas and hydrogen transportation, aiming for growth by expanding environmentally friendly logistics services. Financially, it maintains a solid capital structure, strengthening differentiation from competitors and regional strategies. Investments for the future are prudent, focusing on building sustainable logistics systems.

Trivia

Interesting Facts

  • Established in 1943 through wartime consolidation of 13 companies in eastern Yokohama
  • Providing soft drink transportation to Coca-Cola Bottlers since 1961
  • Owns group of subsidiaries specialized in industrial gas and hydrogen transportation
  • Owns own buildings and engages in real estate rental business
  • Tohbu Network is an independent logistics company separate from Tokyu Group
  • Advancing business diversification through entry into specific passenger transportation
  • Owns multiple logistics subsidiaries nationwide, strengthening regional transportation capabilities
  • Maintains stable management through mature local logistics
  • Consolidated number of employees in 2023 is approximately 400
  • Head office located on the 7th floor of Tohbu Yokohama Building in Kanagawa Ward, Yokohama City
  • Major shareholders include local related companies and individual shareholders
  • Multiple major beverage manufacturers among transportation contract clients
  • Characterized by long-term regional closeness management
  • Originally a collection of multiple small transportation companies at founding
  • Logistics center operations are one of the key pillars of business

Hidden Connections

  • Maintains deep transaction relationships with multiple Coca-Cola bottlers in Japan, supporting stable supply
  • No capital ties with Tokyu Group, operates as independent logistics provider
  • While a regionally focused local transporter, expanding to Chubu and Hokuriku regions through subsidiaries
  • Has handled petroleum transportation since the 1970s, diversifying logistics business
  • Expanding business areas into public transportation field through shuttle bus services
  • Advancing entry into Tohoku region's cement transportation market through Tohoku Sankou subsidiary
  • Strengthening focus on environmentally friendly logistics such as hydrogen via 2024 TS Unyu acquisition
  • Core business is corporate truck transportation, serving as regional infrastructure

Future Outlook

Growth Drivers

  • New demand from expansion of industrial gas and hydrogen transportation
  • Strengthening and efficiency improvement of regionally focused logistics
  • Advanced and expanded logistics center operations
  • Growth of transportation services compliant with environmental regulations
  • Business diversification including specific passenger transportation
  • Regional network expansion through M&A strategy
  • Increasing demand for supporting client companies' in-house logistics
  • Advanced operational management using IT and AI
  • Improved reliability through strengthened safety measures
  • Enhanced evaluation as a socially responsible logistics company
  • Strengthened environmental adaptability of transportation technology
  • Cost reductions through promotion of green logistics

Strategic Goals

  • Aim to be among Japan's top class in industrial gas and hydrogen transportation fields
  • Expansion of high-value-added regionally focused logistics services
  • Establishment of sustainable logistics processes and CO2 emission reductions
  • Market share expansion through comprehensive logistics services integrating warehouses and transportation
  • 30% sales increase through development of new business areas
  • Workplace environment improvements realizing employee safety and better working conditions
  • Construction of efficient logistics systems using digital technology
  • Business development corresponding to strengthened corporate social responsibility
  • Maintenance of stable profit margins and improved asset efficiency
  • Development of disaster prevention and support systems in collaboration with local communities

Business Segments

Motor Cargo Transportation Business

Overview
Provides custom logistics for various cargoes, supporting clients' supply chains.
Competitiveness
Regional responsiveness and extensive cargo transportation network
Customers
  • Construction companies
  • Manufacturers
  • Retailers
  • Food manufacturers
  • Chemical manufacturers
  • Coca-Cola Bottlers
  • Public institutions
  • Logistics companies
Products
  • General cargo transportation services
  • Refrigerated and frozen logistics
  • Cement transportation
  • Chemical product transportation
  • Industrial gas transportation
  • Special cargo transportation

Warehousing Business

Overview
Provides safe and efficient warehouse services to achieve overall logistics efficiency.
Competitiveness
Integrated logistics center operations with transportation
Customers
  • Food manufacturers
  • Logistics operators
  • Manufacturing industry
  • Wholesalers
Products
  • Storage services
  • Inventory management
  • Logistics processing
  • Transportation and delivery integration

Automobile Maintenance Business

Overview
Ensures truck maintenance and safety, contributing to improved operational efficiency.
Competitiveness
Rapid service provision based on specialized technology
Customers
  • Group company vehicles
  • General companies
  • Transportation companies
Products
  • Vehicle inspections
  • Repair services
  • Maintenance

Specific Passenger Motor Transportation Business

Overview
Enhances client convenience with stable shuttle services.
Competitiveness
Regional closeness and safe operations
Customers
  • Corporate clients
  • Facility managers
Products
  • Shuttle bus operations
  • Contract transportation services

Competitive Advantage

Strengths

  • Strong customer base rooted in the region
  • Expertise in handling diverse cargo transportation
  • Integrated services through logistics center operations
  • Long-term relationships with major companies based on trust
  • Business expansion through active M&A

Competitive Advantages

  • Maintains stable logistics network centered in Kanagawa Prefecture
  • Extensive experience and expertise in transporting diverse cargoes
  • Revenue stabilization through service diversification such as shuttle buses
  • Pioneering development in environmentally friendly industrial gas and hydrogen transportation
  • Stable revenue base from own building rentals

Threats

  • Intense price competition within the logistics industry
  • Decline in transportation efficiency due to labor shortages
  • Cost increases from rising fuel prices
  • Rising operational costs due to stricter environmental regulations
  • Competitive pressure from new entrants and major companies

Innovations

2024: Business expansion through subsidiary TS Unyu

Overview
Acquired logistics subsidiary of Japan Air Liquide to strengthen hydrogen transportation business.
Impact
Successfully opened new markets in environmentally friendly logistics

2022: Subsidiaries Tohoku Sankou and Uozu Unyu

Overview
Expanded in cement and industrial gas transportation fields, pursuing synergies.
Impact
Leads to strengthened mid- to long-term revenue base

2022: Launch of specific passenger motor transportation business

Overview
Contracted shuttle bus operations from Japan GLP to develop new business.
Impact
Established revenue sources beyond logistics

2023: Strengthened logistics infrastructure with hazardous materials warehouse installation

Overview
Newly established hazardous materials compatible warehouse in Shiga Prefecture, expanding safety management and service scope.
Impact
Improved trust as a hazardous materials transportation company

Sustainability

  • Contributes to reducing environmental impact through hydrogen transportation business
  • Efforts to reduce CO2 emissions through operational efficiency improvements
  • Enhanced safety management for hazardous materials transportation
  • Introduction of energy-saving equipment in warehouses
  • Regional environmental awareness activities