Fukuyama Transporting

Basic Information

Stock Code
9075
Industry
Land Transportation
Category Detail
Land Transportation
Prefecture
Hiroshima Prefecture
Establishment Year
September 1948
Listing Year
November 1970
Official Website
https://corp.fukutsu.co.jp/
TSE Information
TSE Information
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Overview

Fukuyama Transporting is a major land transportation company founded in 1948, mainly operating special consolidated cargo transportation and parcel delivery services centered in western Japan.

Current Situation

Fukuyama Transporting recorded consolidated sales of 285.5 billion yen and operating profit of 21.1 billion yen for the fiscal year ended March 2021, making it a key player in the land transportation industry. In addition to its mainstay special consolidated cargo transportation, it maintains competitiveness through diverse logistics services such as parcel delivery and refrigerated parcel delivery. It operates an extensive network with approximately 480 bases nationwide, establishing an efficient collection and delivery system. Even after becoming independent from Kintetsu Group Holdings, it continues business collaboration, strengthening logistics linkages utilizing trains and buses. It introduces vehicles from various domestic manufacturers, including some eco-friendly cars. To address labor shortages in the 2020s, it is responding with IT utilization and work-style reforms, while enhancing high-value-added services. Moving forward, it aims for sustainable growth in response to changes in the domestic logistics market and digitalization.

Trivia

Interesting Facts

  • Veteran land transport company originating from Fukuyama Cargo Transport founded in 1948
  • Maintains top-class position in western Japan for special consolidated cargo transportation
  • Was under Kintetsu Group but separated in 2021
  • Based in Fukuyama City, Hiroshima, with regionally integrated logistics system
  • Company emblem features a rising sun and double circle symbolizing trucks
  • Deep ties with one of Hiroshima Prefecture's largest bowling alleys, 'Castle Bowl'
  • Operates trucks from various domestic manufacturers
  • Built a network of approximately 480 bases for logistics efficiency
  • Utilizes spare space on Kintetsu Meihan limited express trains for cargo transport in collaboration
  • Historical notation of 'Sapporo to Okinawa' on vehicle fronts
  • Implementing price increases for medium-lot cargo to address labor shortages
  • Arrest incident for special breach of trust involving former executives
  • Previously handled NHK subscription fee collection services
  • Stickers of Fukuyama tourism character 'Lola' on vehicle rears
  • Logistics group with diverse related and regional subsidiaries

Hidden Connections

  • Founder Noboru Shibuya was also founder of Fukuyama real estate giant Bessell, with deep historical ties between the companies
  • Logistics collaboration using rail and buses continues even after dissolving capital ties with Kintetsu Group
  • Strengthened service foundation for parcel delivery etc. through business alliance with Logisteed (formerly Hitachi Logistics)
  • Deploys numerous related subsidiaries in local cities nationwide for efficient regional logistics operations
  • Operates training system at Mie driving school to address driver shortages
  • Acquired naming rights for local sports facilities in Fukuyama City
  • Use of mascot 'Lola' as part of regional contributions and image enhancement
  • Past introductions from Nissan Diesel and Mitsubishi Fuso, but continues multi-manufacturer utilization in recent years

Future Outlook

Growth Drivers

  • Continued growth in small parcel transportation centered in western Japan in the logistics industry
  • Work-style reforms and IT advancement accompanying labor shortage measures
  • Revenue expansion opportunities from increasing parcel delivery demand
  • Increased eco-car introductions for environmental regulation compliance
  • Efficient operations through synergy enhancement with related subsidiaries
  • Increasing demand for high-speed medium- to long-distance cargo transport
  • Utilization of digitalization in latest logistics technology
  • Leading collection and delivery efficiency in special consolidated cargo transportation
  • Development of new markets and services
  • Strengthening of social responsibility and safety management

Strategic Goals

  • Maximize market share in western Japan
  • Expand introduction of EVs and fuel cell vehicles to reduce environmental impact
  • Improve logistics efficiency by over 30% through IT utilization
  • Significant improvement in employee satisfaction and talent acquisition
  • Build service system flexibly responding to diversifying customer needs
  • Deepen business alliance with Kintetsu Group and construct new logistics model
  • Nationwide expansion and high-value-added enhancement of warehouse and customs services
  • Improve regional contribution through strengthened disaster response capabilities
  • Continuous promotion of safe transportation and legal compliance
  • Achieve sales of over 300 billion yen by fiscal 2030

Business Segments

Logistics Services

Overview
Implements efficient cargo transportation and warehouse management for diverse industries.
Competitiveness
Extensive logistics network centered in western Japan and efficient collection and delivery technology
Customers
  • Manufacturing
  • Retail
  • Wholesale
  • Logistics companies
  • Carriers
Products
  • Special Consolidated Cargo Transportation
  • General Cargo Transportation
  • Charter Service
  • Warehouse Storage
  • Customs Services

Parcel and Light Cargo Delivery

Overview
Provides diverse parcel delivery services tailored to customer needs.
Competitiveness
High-quality delivery service and broad customer base
Customers
  • Individual customers
  • EC companies
  • Retail chains
  • Food businesses
Products
  • Fukutsu Parcel Delivery
  • Cool Parcel Delivery
  • Mail Service

IT and Logistics Solutions

Overview
Deploys IT services to improve logistics efficiency.
Competitiveness
Provision of practical IT solutions closely aligned with on-site operations
Customers
  • Logistics companies
  • Manufacturing
  • Distribution
Products
  • i-STAR2 Shipping Label Software
  • Electronic Invoice Service
  • Logistics Management System

Competitive Advantage

Strengths

  • Extensive collection and delivery network centered in western Japan
  • Provision of diverse cargo transportation services
  • Rich lineup of vehicles and equipment
  • Historical partnership with Kintetsu Group
  • Cost competitiveness through efficient collection and delivery technology
  • Regionally focused sales expansion
  • Long industry experience and reliability
  • Strong customer base
  • Composite deployment of various logistics services
  • Organizational structure focused on talent development
  • Introduction of environmentally friendly vehicles
  • Business efficiency improvement through IT advancement
  • Service expansion through business partnerships
  • Reliable delivery quality
  • Ability to meet diverse customer needs

Competitive Advantages

  • High market share in western Japan and Chubu region
  • Top position in special consolidated cargo transportation industry
  • Business efficiency through diverse transportation services and IT utilization
  • Strengthened logistics network through collaboration with Kintetsu Group affiliates
  • High brand recognition and reliability
  • Flexible service provision responding to detailed customer requests
  • Nationwide coverage through widely deployed related subsidiaries
  • Abundant vehicle management expertise
  • Long-term management stability and strong financial foundation
  • Differentiation from competitors through multiple delivery services
  • Enhanced collaboration with local communities and CSR activities
  • Initiatives for work-style reforms addressing labor shortages
  • Efficient logistics system incorporating latest logistics technology
  • Balance of stable revenue structure and growth strategy
  • Strong relationship building with multi-industry customers

Threats

  • Difficulty in securing drivers due to labor shortages
  • Intensifying competition in the logistics industry
  • Risk of cost increases from fuel price fluctuations
  • Unstable cargo demand due to economic conditions
  • Risk of logistics network disruptions from natural disasters
  • Increased investment costs from strengthened environmental regulations
  • Rapid advancement of new delivery technologies and services
  • Intensified service price competition from competitors
  • Business impacts from IT failures or cyber attacks
  • Increased business burden from regulatory changes
  • Changes in social conditions such as new infectious diseases
  • Impacts from deteriorating business conditions of client companies

Innovations

2022: Strengthened Business Alliance with Logisteed

Overview
Continued alliance with Logisteed (formerly Hitachi Transport System) to expand cargo handling volume and services.
Impact
Contributes to enhancement of parcel delivery and other logistics services

2021: Independence from Kintetsu Group and Management Renewal

Overview
Established independent management structure by dissolving capital ties with Kintetsu Group.
Impact
Faster decision-making and increased management flexibility

2020: Work-Style Reforms and IT System Introduction

Overview
Advanced IT tools for business efficiency and work-style improvement measures to address labor shortages.
Impact
Improved business efficiency and employee satisfaction

2023: Expanded Introduction of Eco-Friendly Trucks

Overview
Expanded low-emission vehicles such as hydrogen trucks and electric vehicles.
Impact
Reduced environmental impact and improved social evaluation

Sustainability

  • Promoting introduction of hydrogen trucks and EVs to reduce environmental impact
  • Strengthening employee health and safety management through work-style reforms
  • Continuous contributions to local communities
  • Contributing to CO2 emission reductions through efficient logistics operations
  • Thorough compliance with laws and regulations
  • Enhanced safe driving education
  • Exploring utilization of renewable energy
  • Promoting waste reduction and recycling
  • Advancing diverse talent utilization and diversity
  • Enhanced information disclosure through CSR reports