Being Holdings

Basic Information

Stock Code
9145
Industry
Land Transportation
Category Detail
Warehousing & Logistics
Prefecture
Ishikawa Prefecture
Establishment Year
September 1986
Listing Year
December 2020
Official Website
https://being-group.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Saito Kogyo, SBS Holdings, Kikukawa, Matsuya R&D, Area Link, Konoike Transport, AZ-COM Maruwa Holdings, NIPPON EXPRESS HOLDINGS, Mitsubishi Warehouse, Mitsui Warehouse Holdings, Sumitomo Warehouse, Shibusawa Warehouse, Nippon Transcity

Overview

Being Holdings is a logistics group company founded in 1986 with Hokuriku as its base, operating land transportation and logistics warehouse businesses and achieving business expansion through M&A.

Current Situation

Being Holdings recorded consolidated sales of ¥26.3 billion and operating profit of ¥1.8 billion for the fiscal year ended December 2023, securing solid earnings. Its core logistics warehouse operations have built a strong foundation centered in Hokuriku and Kanto, with long-term contracts with clients from diverse industries. The group also operates tourist buses and taxi services, contributing to the region's transportation infrastructure. In 2021, it acquired the trademark for 'Non-Transport Logistics' to provide new logistics solutions. Through its M&A strategy, it has expanded into the Kanto region, improving logistics efficiency and strengthening its management foundation. Moving forward, it will focus on logistics efficiency improvements using digital technologies and reducing environmental impact to promote sustainable logistics business growth. It is also enhancing internal structures and collaboration with local communities to aim for long-term stable growth.

Trivia

Interesting Facts

  • Historic logistics company that started in 1986 with one vehicle
  • Achieved one of Japan's early trademark registrations for 'Non-Transport Logistics'
  • Regionally focused logistics strategy specialized in Hokuriku
  • Engages in tourist bus and taxi businesses for diversified operations
  • Entered Kanto via M&A and expanded business foundation
  • Actively expanding leasing of own warehouse facilities
  • Actively promoting digitalization of logistics
  • Major customers centered on Kusuri no Aoki and Mitsubishi Foods
  • Founding family has significant involvement in shareholder composition
  • Frequently featured in Nikkei News for logistics base openings
  • Tourist buses contribute to regional tourism promotion
  • Initially focused on chicken wholesale delivery
  • Regionally rooted company headquartered in Kanazawa City, Ishikawa Prefecture
  • Listed on Tokyo Stock Exchange Standard Market in 2020
  • Aims for synergy effects among group companies

Hidden Connections

  • Operates logistics and taxi/bus businesses within the group to integrate regional transportation and logistics
  • Strengthens business foundation with stable transaction relationships with food makers like Kusuri no Aoki and Mitsubishi Foods
  • Holds Hokuriku logistics network efficiency cooperative to contribute to overall regional logistics efficiency
  • Focused on strengthening corporate governance post-IPO to secure credibility as a listed company
  • Aims to establish unique logistics model through 'Non-Transport Logistics' trademark registration
  • Promotes management efficiency through active absorption mergers among subsidiaries
  • Strengthens logistics facilities and vehicle maintenance in-house to maximize owned assets
  • Maintains long-term contracts with numerous companies through regionally rooted logistics safety and efficiency

Future Outlook

Growth Drivers

  • Increasing logistics demand from EC market expansion
  • Logistics efficiency improvements via digital technology introduction
  • Regional and business area expansion through M&A
  • Continuous strengthening of regionally dense services
  • Promotion of new technology adoption in response to environmental regulations
  • Synergy creation leveraging diverse transportation businesses

Strategic Goals

  • Expansion of logistics bases in Hokuriku and Kanto areas
  • Promotion of vehicle and facility updates premised on environmental impact reduction
  • Nationwide rollout of digital logistics platform
  • Ensuring sustainable growth of group-wide revenues
  • Expansion of 'Non-Transport Logistics' model commercialization
  • Strengthening symbiosis with local communities and CSR activities
  • Maintaining and improving safe driving rate above 95%
  • Deployment of customized logistics for diverse customer needs
  • Addressing labor shortages through advanced talent acquisition and training
  • Continued organizational efficiency via intra-group M&A

Business Segments

Food Logistics

Overview
Provides safe and efficient logistics solutions for the food industry.
Competitiveness
Temperature control technology and regionally dense network
Customers
  • Kusuri no Aoki
  • Mitsubishi Foods
  • PALTAC
  • Food Manufacturers
  • Wholesalers
  • Retail Chains
  • Supermarkets
  • Drugstores
Products
  • Food Storage Services
  • Temperature-Controlled Delivery
  • Logistics Consulting
  • Inventory Management System
  • Picking Agency
  • Transportation Arrangements

Daily Necessities Logistics

Overview
Efficiently handles warehouse management and delivery of daily goods.
Competitiveness
Handling of diverse products and flexible responsiveness
Customers
  • Daily Necessities Manufacturers
  • Drugstore Chains
  • Wholesalers
  • Mass Retailers
Products
  • Sundries Warehouse Operations
  • Delivery Services
  • Logistics Operation Efficiency Support

Transportation Business

Overview
Provides personal transportation services centered on tourist buses and taxis.
Competitiveness
Flexible response to regional transportation needs
Customers
  • Tourists
  • Local Residents
  • Corporate Shuttle Services
Products
  • Tourist Bus Operations
  • Taxi Services
  • Vehicle Maintenance

Competitive Advantage

Strengths

  • Regionally dense logistics network
  • Diverse logistics service offerings
  • Business expansion capability through M&A
  • Abundant owned warehouse facilities
  • Integration of intra-group transportation business
  • Solid financial foundation
  • Strength in temperature management
  • Rapid logistics response capability
  • Rich customer base
  • Transparency as a listed company
  • Specialized logistics consulting
  • Unique 'Non-Transport Logistics' trademark
  • Versatility across a wide range of industries
  • Strong collaboration with local communities
  • Management stability

Competitive Advantages

  • Possesses strong logistics bases in Hokuriku and Kanto, realizing regionally dense services
  • Successful rapid business expansion and diversification strategy leveraging M&A
  • High customer satisfaction gained through temperature-controlled food logistics services
  • Operates tourist bus and taxi businesses with group synergies to diversify revenue base
  • Holds unique 'Non-Transport Logistics' trademark to promote innovative logistics model
  • High sales continuity from long-term transactions with major stable customers
  • Maximizes logistics efficiency through complementary group companies
  • Enhanced reliability through strengthened corporate governance as a listed company
  • Rapid response to customer needs possible with regionally rooted services
  • Contributes to solving customer challenges with strengths in logistics consulting

Threats

  • Price pressures from intensifying competition in the logistics industry
  • Rising costs from fuel and labor expenses
  • Capital burden for maintaining and expanding logistics bases
  • Challenges in securing personnel due to labor shortages
  • Risk of logistics network disruptions from natural disasters
  • Delays in IT and automation leading to lags in efficiency competition
  • Increased operational management costs from stricter regulations
  • Competitive pressures from technological innovations by new entrants
  • Increased vehicle renewal costs from strengthened environmental regulations
  • Decline in dependency from diversification of major customers' suppliers
  • Impacts from novel infectious diseases and other social uncertainties
  • Risks from logistics industry freezes and various price fluctuations

Innovations

2021: 'Non-Transport Logistics' trademark registration

Overview
Registered a new service model to improve logistics efficiency as a trademark.
Impact
Contributes to service differentiation and new customer acquisition

2024: New logistics base opened in Toyama

Overview
Newly established a logistics center equipped with the latest facilities in Toyama.
Impact
Improved logistics efficiency and delivery speed

2023: Strengthened EC logistics services

Overview
Expanded order management and delivery services to meet growing EC market.
Impact
New customer acquisition and sales growth

2024: Introduced digital inventory management system

Overview
Promoting inventory visibility and management efficiency across the group.
Impact
Improved inventory turnover and cost reductions

2022: Vehicle renewal plan for CO2 reduction

Overview
Began introducing new vehicles with high fuel efficiency to reduce environmental impact.
Impact
Reduced greenhouse gas emissions

2021: Built integrated logistics platform for group

Overview
Achieved efficiency by integrating logistics operations of multiple group companies.
Impact
Significant operational cost reductions

2023: Advanced IT for taxi dispatch system

Overview
Improved service convenience by introducing dispatch app.
Impact
Contributes to customer satisfaction and sales growth

2020: Strengthened logistics safety management system

Overview
Advanced safety education and operational management systems.
Impact
Reduced accidents and improved trust

2022: New vehicle maintenance factory operational

Overview
Equipped facilities to efficiently maintain and manage vehicles.
Impact
Improved vehicle utilization rate

2023: Research started on logistics robot introduction

Overview
Started verification of advanced robot technology for warehouse efficiency.
Impact
Aims for future labor-saving operations

Sustainability

  • Improving fuel efficiency of logistics vehicles and reducing CO2 emissions
  • Promoting use of reusable packaging materials
  • Promoting paperless operations to reduce internal environmental impact
  • Participating in environmental beautification activities in collaboration with local communities
  • Thorough safe driving education and accident reduction