Asagami

Basic Information

Stock Code
9311
Industry
Warehousing and Transportation Related Industry
Category Detail
Warehousing & Logistics
Prefecture
Tokyo
Establishment Year
November 1948
Listing Year
October 1961
Official Website
https://www.asagami.co.jp/
TSE Information
TSE Information
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Other Companies
SBS Holdings, Kikukawa, Uno Iron, Tokyo Board, Area Link, Konoike Transportation, AZ-COM Maruwa Holdings, NIPPON EXPRESS HOLDINGS, Mitsubishi Warehouse, Mitsui Warehouse Holdings, Sumitomo Warehouse, Shibusawa Warehouse, Nippon Trans City

Overview

Asagami is a mid-sized company in the warehousing and transportation industry established in 1948. It mainly engages in port transportation, land transportation, and warehousing, offering a wide range of logistics services, and also handles printing business.

Current Situation

Asagami recorded consolidated sales of approximately ¥41.1 billion and operating profit of approximately ¥1.7 billion in the fiscal year ended March 2023, maintaining solid performance. Centering on its mainstay port transportation and warehousing businesses, it also develops land transportation services and international cargo forwarding business. The printing-related business is conducted by subsidiaries to pursue business diversification. Compared to competitors, it has strengths in local transactions and diverse logistics services, with long-term transactions with JFE Steel forming a major business base. In 2021, it served as the sponsor for Kokugakuin University's Hakone Ekiden uniforms, deepening community ties. It is also addressing environmental initiatives and business efficiency improvements through digitalization. In 2022, it acquired naming rights for a park in Saka Town, Hiroshima Prefecture, focusing on community contribution activities. Moving forward, it aims to further enhance productivity and expand its customer base through renewal of aging equipment and promotion of IT utilization.

Trivia

Interesting Facts

  • Long-established logistics company founded in 1918
  • Over 70 years of transactions with JFE Steel
  • Sponsor of Kokugakuin University Hakone Ekiden uniforms
  • Acquired naming rights for a park in Saka Town, Hiroshima Prefecture
  • Rare logistics company that also handles printing business
  • Employee stock ownership plan established to promote employee participation
  • One-stop services from warehousing to forwarding
  • Deploys regionally focused logistics services
  • Listed on the Tokyo Stock Exchange Standard Market
  • Accumulated technology in port transportation over many years

Hidden Connections

  • Had capital ties with Tokyu Group in the past but is now an independent company
  • Strong transaction base with steel industry including JFE Steel
  • Sponsorship activities with local educational institutions such as Kokugakuin University
  • Differentiation factor from other logistics companies in printing business
  • Regional contribution through naming rights contract with public facility in Saka Town, Hiroshima Prefecture
  • Diversified management through integrated port transportation, land transportation, and printing services
  • Handles foreign cargo forwarding business to support international logistics
  • Stable growth as a mid-sized logistics specialist with approximately 1,500 employees

Future Outlook

Growth Drivers

  • Increasing demand for international logistics
  • Logistics efficiency through digitalization
  • Growing needs for environmental regulation compliance
  • Demand for digitalization in printing-related business
  • Expansion of logistics services for SMEs
  • Strengthening of regionally focused services
  • Increasing needs for supply chain integration
  • Advanced logistics management technology with IT
  • Active deployment of labor productivity improvement measures
  • Response to diversifying customer needs
  • Strengthening logistics cooperation with public sector and municipalities
  • Expansion of forwarding business

Strategic Goals

  • Achieve complete digitalization of logistics operations
  • 30% reduction in CO2 emissions
  • Complete energy-saving upgrades at all bases
  • Strengthen revenue from diversified businesses
  • Nationwide rollout of regional collaboration model
  • Improve productivity through employee development
  • Acquire 50 new international logistics projects
  • Progress in high value-added printing operations
  • Improve customer satisfaction through IT adoption
  • Build sustainable logistics networks

Business Segments

Port Transportation Business

Overview
Provides cargo loading/unloading and related operations at ports to support efficient logistics.
Competitiveness
Expertise in port operations built over many years
Customers
  • Steel companies
  • Manufacturing companies
  • Import/export companies
  • Warehouse users
Products
  • Port handling services
  • Cargo delivery and receipt
  • Transportation-related services

Warehousing Services

Overview
Provides storage for diverse cargo and logistics operations to enhance customers' logistics efficiency.
Competitiveness
Extensive warehouse facilities and regionally focused services
Customers
  • General logistics companies
  • Manufacturing companies
  • Wholesalers
  • Retailers
Products
  • Cargo storage
  • Inventory management
  • Logistics facility leasing

Motor Freight Transportation Business

Overview
Supports customers' supply chains through truck transportation covering the entire country.
Competitiveness
Reliable delivery via nationwide network
Customers
  • Manufacturing companies
  • Distribution companies
  • Import/export companies
  • Trading companies
Products
  • Land cargo transportation
  • Truck transportation
  • Delivery planning management

Cargo Utilization Transportation Business

Overview
Handles complex logistics operations such as customs clearance and transportation arrangements on a one-stop basis to achieve efficiency.
Competitiveness
Extensive experience in international cargo handling
Customers
  • Logistics companies
  • Trading companies
  • Manufacturing companies
  • Wholesalers
Products
  • Forwarding
  • Customs clearance agency
  • Transportation arrangements

Maritime Transportation Business

Overview
Efficiently manages cargo related to maritime transportation to support international logistics.
Competitiveness
Long track record and nationwide port network
Customers
  • International traders
  • Manufacturing companies
  • Import/export agents
  • Transportation companies
Products
  • Maritime cargo agency
  • Loading and unloading operations
  • Transportation coordination

Printing and Plate-Making Services

Overview
Meets diverse printing needs with specialized printing technology to pursue customer satisfaction.
Competitiveness
High-quality printing technology and quick response capabilities
Customers
  • Newspapers
  • Advertising agencies
  • Printing companies
  • Event planning companies
Products
  • Newspaper printing
  • New Year's card printing
  • Wedding printing
  • Plate-making operations

Competitive Advantage

Strengths

  • Long track record in port operations and warehouse management
  • Diversified logistics service offerings
  • Strong transaction relationships with major local companies
  • Solid financial base and stable earnings
  • Integrated specialized printing business

Competitive Advantages

  • Efficient logistics network combining port and land transportation
  • Trusted relationships with major manufacturers through long-term contracts
  • Regionally focused service provision and prompt response
  • Secured delivery network covering the entire country
  • Value creation through synergy with printing business

Threats

  • Intense price competition in the logistics industry
  • Cost increases due to rising fuel prices
  • Challenges in securing personnel due to labor shortages
  • Impacts from fluctuations in international logistics environment
  • Burden of responding to strengthened environmental regulations

Innovations

2022: Introduction of Digital Logistics Management System

Overview
Established a digital management system to improve efficiency in warehousing and transportation operations.
Impact
Improved operational efficiency and contributed to cost reductions.

2023: Launch of Environmentally Friendly Truck Operations

Overview
Promoted reduction in environmental impact and optimization of operational efficiency through introduction of fuel-efficient vehicles.
Impact
Achieved 10% reduction in CO2 emissions.

2023: Development of Cloud-Based Customs Clearance App

Overview
Cloud-based customs procedures to enable swift cargo flow.
Impact
Improved customer satisfaction through shortened customs clearance times.

2021: Promotion of Digitalization in Printing Business

Overview
Introduced high-quality digital printing equipment to enhance productivity.
Impact
Enabled shorter delivery times and handling of diverse printing needs.

2024: Supply Chain Optimization Project

Overview
Began optimization of logistics routes using AI analysis.
Impact
Expected 5% reduction in logistics costs.

Sustainability

  • Reduction in environmental impact through low-emission vehicles
  • Introduction of energy-saving equipment at logistics bases
  • Promotion of waste recycling
  • Employee environmental awareness training
  • Collaboration with local communities on environmental conservation activities
  • CO2 reduction through digitalization and efficiency in logistics operations
  • Strengthened eco-driving promotion
  • Promotion of paperless operations
  • Reduction in environmental impact across the supply chain
  • Building sustainable logistics networks
  • Promotion of green procurement
  • Employee health promotion programs