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Annual Report 2012 17Home > Operations > Review of Operations
The South Asia & Oceania segment recorded sales of \42,440 million, up 64.9%, and segment profit of \2,331 million, up 72.5% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
due to supply chain disruptions caused by the Great East Japan Earthquake. In the second half, however, demand for
automotive components, machinery products for factories and other demand related to reconstruction efforts fueled a
year-on-year increase of 9.8% in volumes handled. In air freight imports, freight volumes handled slipped 6.3% year on
year, partly because of a period when imports to Thailand dropped sharply due to transport disruptions caused by the
flooding.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled grew strongly on the back of increased transactions within
Asia due to the business integration.
Logistics
Sales in logistics operations increased year on year, reflecting the Company's newly acquired ability to provide
comprehensive integrated logistics services as a package with international forwarding. This is because the business
integration in the second half of the fiscal year broadened the Company's business domains to include land
transportation and warehousing in Thailand.
Page Top
The East Asia segment recorded sales of \39,884 million, up 25.8%, and segment profit of \2,114 million, up 5.6% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
under review on account of supply chain disruptions caused by the Great East Japan Earthquake. Freight volumes
handled picked up in the second half, however, mainly in respect of electronic- and electrical-related products such as
mobile devices. That said, freight volumes handled fell short of initial expectations, declining 12.0% year on year. In air
freight imports, freight volumes handled dropped 10.6% year on year, reflecting sluggish freight movement mainly of
automotive components and office equipment-related products in the fourth quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled appeared to increase steadily, partly due to business
expansion from the integration. However, the second half of the fiscal year saw both export and import volumes
handled of electronic and electrical equipment-related products struggle to grow in the Asia region, with product
exports suffering from the lackluster European and U.S. economies.
Page Top
The Europe segment recorded sales of \76,822 million, up 411.4% year on year, and segment profit of \924 million, up 75.2% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled only edged down 0.5% year on year,
thanks to stable volumes mainly of medical equipment-related products and automotive components. Air freight
imports, meanwhile, recorded a 9.4% year-on-year decline in volumes handled, with the main decreases coming in
automotive components and electronic and electrical equipment-related products originating from Asia in the fourth
quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, market cargo volumes declined, reflecting the European economic slowdown.
However, volumes handled during the year under review increased markedly year on year due to the benefits of the
business integration.
Logistics
Although logistics operations performed strongly through the third quarter as they tapped into Christmas-related
demand and for other reasons, sales were sluggish in the fourth quarter, which is a quiet period when companies tend
to clear their inventories. Sales, however, were much higher year on year due to the business integration.
* €1=\110.20（2012）, €1=\113.22（2011）
Page Top
The Americas segment recorded sales of \70,056 million, up 420.0% year on year. The segment recorded a loss of \577 million, compared with segment profit of \749 million in the previous fiscal year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, the first half saw stable volumes of automotive components
and medical equipment-related products to Asia. Nevertheless, export freight volumes handled in the year under
review fell 3.4% year on year. In air freight imports, while volumes tended to decline in the first half, volumes handled
of electronic and electrical equipment-related products and automotive components from Asia steadily increased in the
second half. As a result, import freight volumes handled dropped only 0.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, freight volumes handled increased year on year. In addition to the benefits
from business integration, this outcome reflected stable growth in volumes of automotive components and other
freight.
Logistics
In logistics operations, the land transport division, which struggled in the first half of the year, achieved a certain level
of performance by concentrating on reducing costs. The warehousing division, however, incurred some one-off
charges and also experienced a downturn in sales in the fourth quarter.
* $1=\79.06 (2012), $1=\86.04 (2011)
Page Top
The Japan segment, including domestic consolidated subsidiaries, recorded sales of \83,761million, up 7.9% year on year, and segment profit of \1,675 million, up 402.7%.
Market Conditions and Company Initiatives Air Freight Forwarding
The volume of air freight exports handled in the air freight forwarding business in the first half of the fiscal year was
sluggish, particularly in automotive components, due to the impact of the Great East Japan Earthquake. However, the
second half saw a recovery in freight movement partly because of demand associated with recovery efforts following
the floods in Thailand. Despite this, freight volumes handled during the year under review decreased 6.3% year on
year. In air freight imports, the first half of the fiscal year saw the lingering impact of the Great East Japan Earthquake
affect the cargo volumes of automotive components, and electronic and electrical equipment-related products from
Asia. There was, however, a recovery in freight from the beginning of the second half, although this failed to reach the
level seen in the previous fiscal year. As a result, freight volumes handled dropped 8.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, the floods in Thailand disrupted freight movements temporarily. Despite this,
the volume of ocean freight exports handled increased due to expansion from the business integration.
Other
In the travel services segment, the travel market was static for a time because of the impact of the Great East Japan
Earthquake. Corporate business travel was strong though.
Page Top
Review of Operations At a Glance Japan Americas Europe East Asia South Asia & Oceania
Site Policy Privacy Policy Copyright © YUSEN LOGISTICS CO., LTD. All Rights Reserved.
Review of Operations
AmericasEurope
South Asia & Oceania
JapanEast Asia
22%
Americas
13%
East Asia
25%
Europe
27%
Japan
14%
OceaniaSouth Asia &
Net Sales by Geographical Segment
* Due to rounding, the total does not equal 100%.
At a Glance
Yusen Logistics Co., Ltd.18
Home > Operations > Review of Operations
The South Asia & Oceania segment recorded sales of \42,440 million, up 64.9%, and segment profit of \2,331 million, up 72.5% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
due to supply chain disruptions caused by the Great East Japan Earthquake. In the second half, however, demand for
automotive components, machinery products for factories and other demand related to reconstruction efforts fueled a
year-on-year increase of 9.8% in volumes handled. In air freight imports, freight volumes handled slipped 6.3% year on
year, partly because of a period when imports to Thailand dropped sharply due to transport disruptions caused by the
flooding.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled grew strongly on the back of increased transactions within
Asia due to the business integration.
Logistics
Sales in logistics operations increased year on year, reflecting the Company's newly acquired ability to provide
comprehensive integrated logistics services as a package with international forwarding. This is because the business
integration in the second half of the fiscal year broadened the Company's business domains to include land
transportation and warehousing in Thailand.
Page Top
The East Asia segment recorded sales of \39,884 million, up 25.8%, and segment profit of \2,114 million, up 5.6% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
under review on account of supply chain disruptions caused by the Great East Japan Earthquake. Freight volumes
handled picked up in the second half, however, mainly in respect of electronic- and electrical-related products such as
mobile devices. That said, freight volumes handled fell short of initial expectations, declining 12.0% year on year. In air
freight imports, freight volumes handled dropped 10.6% year on year, reflecting sluggish freight movement mainly of
automotive components and office equipment-related products in the fourth quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled appeared to increase steadily, partly due to business
expansion from the integration. However, the second half of the fiscal year saw both export and import volumes
handled of electronic and electrical equipment-related products struggle to grow in the Asia region, with product
exports suffering from the lackluster European and U.S. economies.
Page Top
The Europe segment recorded sales of \76,822 million, up 411.4% year on year, and segment profit of \924 million, up 75.2% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled only edged down 0.5% year on year,
thanks to stable volumes mainly of medical equipment-related products and automotive components. Air freight
imports, meanwhile, recorded a 9.4% year-on-year decline in volumes handled, with the main decreases coming in
automotive components and electronic and electrical equipment-related products originating from Asia in the fourth
quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, market cargo volumes declined, reflecting the European economic slowdown.
However, volumes handled during the year under review increased markedly year on year due to the benefits of the
business integration.
Logistics
Although logistics operations performed strongly through the third quarter as they tapped into Christmas-related
demand and for other reasons, sales were sluggish in the fourth quarter, which is a quiet period when companies tend
to clear their inventories. Sales, however, were much higher year on year due to the business integration.
* €1=\110.20（2012）, €1=\113.22（2011）
Page Top
The Americas segment recorded sales of \70,056 million, up 420.0% year on year. The segment recorded a loss of \577 million, compared with segment profit of \749 million in the previous fiscal year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, the first half saw stable volumes of automotive components
and medical equipment-related products to Asia. Nevertheless, export freight volumes handled in the year under
review fell 3.4% year on year. In air freight imports, while volumes tended to decline in the first half, volumes handled
of electronic and electrical equipment-related products and automotive components from Asia steadily increased in the
second half. As a result, import freight volumes handled dropped only 0.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, freight volumes handled increased year on year. In addition to the benefits
from business integration, this outcome reflected stable growth in volumes of automotive components and other
freight.
Logistics
In logistics operations, the land transport division, which struggled in the first half of the year, achieved a certain level
of performance by concentrating on reducing costs. The warehousing division, however, incurred some one-off
charges and also experienced a downturn in sales in the fourth quarter.
* $1=\79.06 (2012), $1=\86.04 (2011)
Page Top
The Japan segment, including domestic consolidated subsidiaries, recorded sales of \83,761million, up 7.9% year on year, and segment profit of \1,675 million, up 402.7%.
Market Conditions and Company Initiatives Air Freight Forwarding
The volume of air freight exports handled in the air freight forwarding business in the first half of the fiscal year was
sluggish, particularly in automotive components, due to the impact of the Great East Japan Earthquake. However, the
second half saw a recovery in freight movement partly because of demand associated with recovery efforts following
the floods in Thailand. Despite this, freight volumes handled during the year under review decreased 6.3% year on
year. In air freight imports, the first half of the fiscal year saw the lingering impact of the Great East Japan Earthquake
affect the cargo volumes of automotive components, and electronic and electrical equipment-related products from
Asia. There was, however, a recovery in freight from the beginning of the second half, although this failed to reach the
level seen in the previous fiscal year. As a result, freight volumes handled dropped 8.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, the floods in Thailand disrupted freight movements temporarily. Despite this,
the volume of ocean freight exports handled increased due to expansion from the business integration.
Other
In the travel services segment, the travel market was static for a time because of the impact of the Great East Japan
Earthquake. Corporate business travel was strong though.
Page Top
Review of Operations At a Glance Japan Americas Europe East Asia South Asia & Oceania
Site Policy Privacy Policy Copyright © YUSEN LOGISTICS CO., LTD. All Rights Reserved.
Japan
0
20,000
40,000
60,000
80,000
100,000
1211100908
(Millions of Yen)
Net Sales
0
1,000
2,000
3,000
4,000
5,000
1211100908
(Millions of Yen)
Operating Income
Year ended Mar. 2011
72%
* Due to rounding, the total does not equal 100%.
73%
20%25%
2%8%
Year ended Mar. 2012
Freight Sales by Business
Air freight forwarding Ocean freight forwarding Logistics
Annual Report 2012 19
Home > Operations > Review of Operations
The South Asia & Oceania segment recorded sales of \42,440 million, up 64.9%, and segment profit of \2,331 million, up 72.5% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
due to supply chain disruptions caused by the Great East Japan Earthquake. In the second half, however, demand for
automotive components, machinery products for factories and other demand related to reconstruction efforts fueled a
year-on-year increase of 9.8% in volumes handled. In air freight imports, freight volumes handled slipped 6.3% year on
year, partly because of a period when imports to Thailand dropped sharply due to transport disruptions caused by the
flooding.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled grew strongly on the back of increased transactions within
Asia due to the business integration.
Logistics
Sales in logistics operations increased year on year, reflecting the Company's newly acquired ability to provide
comprehensive integrated logistics services as a package with international forwarding. This is because the business
integration in the second half of the fiscal year broadened the Company's business domains to include land
transportation and warehousing in Thailand.
Page Top
The East Asia segment recorded sales of \39,884 million, up 25.8%, and segment profit of \2,114 million, up 5.6% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
under review on account of supply chain disruptions caused by the Great East Japan Earthquake. Freight volumes
handled picked up in the second half, however, mainly in respect of electronic- and electrical-related products such as
mobile devices. That said, freight volumes handled fell short of initial expectations, declining 12.0% year on year. In air
freight imports, freight volumes handled dropped 10.6% year on year, reflecting sluggish freight movement mainly of
automotive components and office equipment-related products in the fourth quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled appeared to increase steadily, partly due to business
expansion from the integration. However, the second half of the fiscal year saw both export and import volumes
handled of electronic and electrical equipment-related products struggle to grow in the Asia region, with product
exports suffering from the lackluster European and U.S. economies.
Page Top
The Europe segment recorded sales of \76,822 million, up 411.4% year on year, and segment profit of \924 million, up 75.2% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled only edged down 0.5% year on year,
thanks to stable volumes mainly of medical equipment-related products and automotive components. Air freight
imports, meanwhile, recorded a 9.4% year-on-year decline in volumes handled, with the main decreases coming in
automotive components and electronic and electrical equipment-related products originating from Asia in the fourth
quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, market cargo volumes declined, reflecting the European economic slowdown.
However, volumes handled during the year under review increased markedly year on year due to the benefits of the
business integration.
Logistics
Although logistics operations performed strongly through the third quarter as they tapped into Christmas-related
demand and for other reasons, sales were sluggish in the fourth quarter, which is a quiet period when companies tend
to clear their inventories. Sales, however, were much higher year on year due to the business integration.
* €1=\110.20（2012）, €1=\113.22（2011）
Page Top
The Americas segment recorded sales of \70,056 million, up 420.0% year on year. The segment recorded a loss of \577 million, compared with segment profit of \749 million in the previous fiscal year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, the first half saw stable volumes of automotive components
and medical equipment-related products to Asia. Nevertheless, export freight volumes handled in the year under
review fell 3.4% year on year. In air freight imports, while volumes tended to decline in the first half, volumes handled
of electronic and electrical equipment-related products and automotive components from Asia steadily increased in the
second half. As a result, import freight volumes handled dropped only 0.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, freight volumes handled increased year on year. In addition to the benefits
from business integration, this outcome reflected stable growth in volumes of automotive components and other
freight.
Logistics
In logistics operations, the land transport division, which struggled in the first half of the year, achieved a certain level
of performance by concentrating on reducing costs. The warehousing division, however, incurred some one-off
charges and also experienced a downturn in sales in the fourth quarter.
* $1=\79.06 (2012), $1=\86.04 (2011)
Page Top
The Japan segment, including domestic consolidated subsidiaries, recorded sales of \83,761million, up 7.9% year on year, and segment profit of \1,675 million, up 402.7%.
Market Conditions and Company Initiatives Air Freight Forwarding
The volume of air freight exports handled in the air freight forwarding business in the first half of the fiscal year was
sluggish, particularly in automotive components, due to the impact of the Great East Japan Earthquake. However, the
second half saw a recovery in freight movement partly because of demand associated with recovery efforts following
the floods in Thailand. Despite this, freight volumes handled during the year under review decreased 6.3% year on
year. In air freight imports, the first half of the fiscal year saw the lingering impact of the Great East Japan Earthquake
affect the cargo volumes of automotive components, and electronic and electrical equipment-related products from
Asia. There was, however, a recovery in freight from the beginning of the second half, although this failed to reach the
level seen in the previous fiscal year. As a result, freight volumes handled dropped 8.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, the floods in Thailand disrupted freight movements temporarily. Despite this,
the volume of ocean freight exports handled increased due to expansion from the business integration.
Other
In the travel services segment, the travel market was static for a time because of the impact of the Great East Japan
Earthquake. Corporate business travel was strong though.
Page Top
Review of Operations At a Glance Japan Americas Europe East Asia South Asia & Oceania
Site Policy Privacy Policy Copyright © YUSEN LOGISTICS CO., LTD. All Rights Reserved.
Americas
0
20,000
40,000
60,000
80,000
1211100908
(Millions of Yen)
Net Sales
0
–1,000
–500
500
1,000
1211100908
(Millions of Yen)
Operating Income (Loss)
Year ended Mar. 2011
58%
* Due to rounding, the total does not equal 100%.
17%
30%
71%
12%12%
Year ended Mar. 2012
Freight Sales by Business
Air freight forwarding Ocean freight forwarding Logistics
Yusen Logistics Co., Ltd.20
Home > Operations > Review of Operations
The South Asia & Oceania segment recorded sales of \42,440 million, up 64.9%, and segment profit of \2,331 million, up 72.5% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
due to supply chain disruptions caused by the Great East Japan Earthquake. In the second half, however, demand for
automotive components, machinery products for factories and other demand related to reconstruction efforts fueled a
year-on-year increase of 9.8% in volumes handled. In air freight imports, freight volumes handled slipped 6.3% year on
year, partly because of a period when imports to Thailand dropped sharply due to transport disruptions caused by the
flooding.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled grew strongly on the back of increased transactions within
Asia due to the business integration.
Logistics
Sales in logistics operations increased year on year, reflecting the Company's newly acquired ability to provide
comprehensive integrated logistics services as a package with international forwarding. This is because the business
integration in the second half of the fiscal year broadened the Company's business domains to include land
transportation and warehousing in Thailand.
Page Top
The East Asia segment recorded sales of \39,884 million, up 25.8%, and segment profit of \2,114 million, up 5.6% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
under review on account of supply chain disruptions caused by the Great East Japan Earthquake. Freight volumes
handled picked up in the second half, however, mainly in respect of electronic- and electrical-related products such as
mobile devices. That said, freight volumes handled fell short of initial expectations, declining 12.0% year on year. In air
freight imports, freight volumes handled dropped 10.6% year on year, reflecting sluggish freight movement mainly of
automotive components and office equipment-related products in the fourth quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled appeared to increase steadily, partly due to business
expansion from the integration. However, the second half of the fiscal year saw both export and import volumes
handled of electronic and electrical equipment-related products struggle to grow in the Asia region, with product
exports suffering from the lackluster European and U.S. economies.
Page Top
The Europe segment recorded sales of \76,822 million, up 411.4% year on year, and segment profit of \924 million, up 75.2% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled only edged down 0.5% year on year,
thanks to stable volumes mainly of medical equipment-related products and automotive components. Air freight
imports, meanwhile, recorded a 9.4% year-on-year decline in volumes handled, with the main decreases coming in
automotive components and electronic and electrical equipment-related products originating from Asia in the fourth
quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, market cargo volumes declined, reflecting the European economic slowdown.
However, volumes handled during the year under review increased markedly year on year due to the benefits of the
business integration.
Logistics
Although logistics operations performed strongly through the third quarter as they tapped into Christmas-related
demand and for other reasons, sales were sluggish in the fourth quarter, which is a quiet period when companies tend
to clear their inventories. Sales, however, were much higher year on year due to the business integration.
* €1=\110.20（2012）, €1=\113.22（2011）
Page Top
The Americas segment recorded sales of \70,056 million, up 420.0% year on year. The segment recorded a loss of \577 million, compared with segment profit of \749 million in the previous fiscal year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, the first half saw stable volumes of automotive components
and medical equipment-related products to Asia. Nevertheless, export freight volumes handled in the year under
review fell 3.4% year on year. In air freight imports, while volumes tended to decline in the first half, volumes handled
of electronic and electrical equipment-related products and automotive components from Asia steadily increased in the
second half. As a result, import freight volumes handled dropped only 0.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, freight volumes handled increased year on year. In addition to the benefits
from business integration, this outcome reflected stable growth in volumes of automotive components and other
freight.
Logistics
In logistics operations, the land transport division, which struggled in the first half of the year, achieved a certain level
of performance by concentrating on reducing costs. The warehousing division, however, incurred some one-off
charges and also experienced a downturn in sales in the fourth quarter.
* $1=\79.06 (2012), $1=\86.04 (2011)
Page Top
The Japan segment, including domestic consolidated subsidiaries, recorded sales of \83,761million, up 7.9% year on year, and segment profit of \1,675 million, up 402.7%.
Market Conditions and Company Initiatives Air Freight Forwarding
The volume of air freight exports handled in the air freight forwarding business in the first half of the fiscal year was
sluggish, particularly in automotive components, due to the impact of the Great East Japan Earthquake. However, the
second half saw a recovery in freight movement partly because of demand associated with recovery efforts following
the floods in Thailand. Despite this, freight volumes handled during the year under review decreased 6.3% year on
year. In air freight imports, the first half of the fiscal year saw the lingering impact of the Great East Japan Earthquake
affect the cargo volumes of automotive components, and electronic and electrical equipment-related products from
Asia. There was, however, a recovery in freight from the beginning of the second half, although this failed to reach the
level seen in the previous fiscal year. As a result, freight volumes handled dropped 8.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, the floods in Thailand disrupted freight movements temporarily. Despite this,
the volume of ocean freight exports handled increased due to expansion from the business integration.
Other
In the travel services segment, the travel market was static for a time because of the impact of the Great East Japan
Earthquake. Corporate business travel was strong though.
Page Top
Review of Operations At a Glance Japan Americas Europe East Asia South Asia & Oceania
Site Policy Privacy Policy Copyright © YUSEN LOGISTICS CO., LTD. All Rights Reserved.
Europe
0
20,000
40,000
60,000
80,000
1211100908
(Millions of Yen)
Net Sales
0
–600
600
1,200
1211100908
(Millions of Yen)
Operating Income (Loss)
Year ended Mar. 2011
60%
* Due to rounding, the total does not equal 100%.
18%
29%
69%
12%12%
Year ended Mar. 2012
Freight Sales by Business
Air freight forwarding Ocean freight forwarding Logistics
Annual Report 2012 21
Home > Operations > Review of Operations
The South Asia & Oceania segment recorded sales of \42,440 million, up 64.9%, and segment profit of \2,331 million, up 72.5% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
due to supply chain disruptions caused by the Great East Japan Earthquake. In the second half, however, demand for
automotive components, machinery products for factories and other demand related to reconstruction efforts fueled a
year-on-year increase of 9.8% in volumes handled. In air freight imports, freight volumes handled slipped 6.3% year on
year, partly because of a period when imports to Thailand dropped sharply due to transport disruptions caused by the
flooding.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled grew strongly on the back of increased transactions within
Asia due to the business integration.
Logistics
Sales in logistics operations increased year on year, reflecting the Company's newly acquired ability to provide
comprehensive integrated logistics services as a package with international forwarding. This is because the business
integration in the second half of the fiscal year broadened the Company's business domains to include land
transportation and warehousing in Thailand.
Page Top
The East Asia segment recorded sales of \39,884 million, up 25.8%, and segment profit of \2,114 million, up 5.6% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
under review on account of supply chain disruptions caused by the Great East Japan Earthquake. Freight volumes
handled picked up in the second half, however, mainly in respect of electronic- and electrical-related products such as
mobile devices. That said, freight volumes handled fell short of initial expectations, declining 12.0% year on year. In air
freight imports, freight volumes handled dropped 10.6% year on year, reflecting sluggish freight movement mainly of
automotive components and office equipment-related products in the fourth quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled appeared to increase steadily, partly due to business
expansion from the integration. However, the second half of the fiscal year saw both export and import volumes
handled of electronic and electrical equipment-related products struggle to grow in the Asia region, with product
exports suffering from the lackluster European and U.S. economies.
Page Top
The Europe segment recorded sales of \76,822 million, up 411.4% year on year, and segment profit of \924 million, up 75.2% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled only edged down 0.5% year on year,
thanks to stable volumes mainly of medical equipment-related products and automotive components. Air freight
imports, meanwhile, recorded a 9.4% year-on-year decline in volumes handled, with the main decreases coming in
automotive components and electronic and electrical equipment-related products originating from Asia in the fourth
quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, market cargo volumes declined, reflecting the European economic slowdown.
However, volumes handled during the year under review increased markedly year on year due to the benefits of the
business integration.
Logistics
Although logistics operations performed strongly through the third quarter as they tapped into Christmas-related
demand and for other reasons, sales were sluggish in the fourth quarter, which is a quiet period when companies tend
to clear their inventories. Sales, however, were much higher year on year due to the business integration.
* €1=\110.20（2012）, €1=\113.22（2011）
Page Top
The Americas segment recorded sales of \70,056 million, up 420.0% year on year. The segment recorded a loss of \577 million, compared with segment profit of \749 million in the previous fiscal year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, the first half saw stable volumes of automotive components
and medical equipment-related products to Asia. Nevertheless, export freight volumes handled in the year under
review fell 3.4% year on year. In air freight imports, while volumes tended to decline in the first half, volumes handled
of electronic and electrical equipment-related products and automotive components from Asia steadily increased in the
second half. As a result, import freight volumes handled dropped only 0.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, freight volumes handled increased year on year. In addition to the benefits
from business integration, this outcome reflected stable growth in volumes of automotive components and other
freight.
Logistics
In logistics operations, the land transport division, which struggled in the first half of the year, achieved a certain level
of performance by concentrating on reducing costs. The warehousing division, however, incurred some one-off
charges and also experienced a downturn in sales in the fourth quarter.
* $1=\79.06 (2012), $1=\86.04 (2011)
Page Top
The Japan segment, including domestic consolidated subsidiaries, recorded sales of \83,761million, up 7.9% year on year, and segment profit of \1,675 million, up 402.7%.
Market Conditions and Company Initiatives Air Freight Forwarding
The volume of air freight exports handled in the air freight forwarding business in the first half of the fiscal year was
sluggish, particularly in automotive components, due to the impact of the Great East Japan Earthquake. However, the
second half saw a recovery in freight movement partly because of demand associated with recovery efforts following
the floods in Thailand. Despite this, freight volumes handled during the year under review decreased 6.3% year on
year. In air freight imports, the first half of the fiscal year saw the lingering impact of the Great East Japan Earthquake
affect the cargo volumes of automotive components, and electronic and electrical equipment-related products from
Asia. There was, however, a recovery in freight from the beginning of the second half, although this failed to reach the
level seen in the previous fiscal year. As a result, freight volumes handled dropped 8.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, the floods in Thailand disrupted freight movements temporarily. Despite this,
the volume of ocean freight exports handled increased due to expansion from the business integration.
Other
In the travel services segment, the travel market was static for a time because of the impact of the Great East Japan
Earthquake. Corporate business travel was strong though.
Page Top
Review of Operations At a Glance Japan Americas Europe East Asia South Asia & Oceania
Site Policy Privacy Policy Copyright © YUSEN LOGISTICS CO., LTD. All Rights Reserved.
0
10,000
20,000
30,000
40,000
50,000
1211100908
(Millions of Yen)
Net Sales
0
500
1,000
1,500
2,000
2,500
1211100908
(Millions of Yen)
Operating Income
Year ended Mar. 2011
74%
* Due to rounding, the total does not equal 100%.
52%
19%
35%
13%7%
Year ended Mar. 2012
Freight Sales by Business
Air freight forwarding Ocean freight forwarding Logistics
East Asia
Yusen Logistics Co., Ltd.22
Home > Operations > Review of Operations
The South Asia & Oceania segment recorded sales of \42,440 million, up 64.9%, and segment profit of \2,331 million, up 72.5% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
due to supply chain disruptions caused by the Great East Japan Earthquake. In the second half, however, demand for
automotive components, machinery products for factories and other demand related to reconstruction efforts fueled a
year-on-year increase of 9.8% in volumes handled. In air freight imports, freight volumes handled slipped 6.3% year on
year, partly because of a period when imports to Thailand dropped sharply due to transport disruptions caused by the
flooding.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled grew strongly on the back of increased transactions within
Asia due to the business integration.
Logistics
Sales in logistics operations increased year on year, reflecting the Company's newly acquired ability to provide
comprehensive integrated logistics services as a package with international forwarding. This is because the business
integration in the second half of the fiscal year broadened the Company's business domains to include land
transportation and warehousing in Thailand.
Page Top
The East Asia segment recorded sales of \39,884 million, up 25.8%, and segment profit of \2,114 million, up 5.6% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled declined in the first half of the fiscal year
under review on account of supply chain disruptions caused by the Great East Japan Earthquake. Freight volumes
handled picked up in the second half, however, mainly in respect of electronic- and electrical-related products such as
mobile devices. That said, freight volumes handled fell short of initial expectations, declining 12.0% year on year. In air
freight imports, freight volumes handled dropped 10.6% year on year, reflecting sluggish freight movement mainly of
automotive components and office equipment-related products in the fourth quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, volumes handled appeared to increase steadily, partly due to business
expansion from the integration. However, the second half of the fiscal year saw both export and import volumes
handled of electronic and electrical equipment-related products struggle to grow in the Asia region, with product
exports suffering from the lackluster European and U.S. economies.
Page Top
The Europe segment recorded sales of \76,822 million, up 411.4% year on year, and segment profit of \924 million, up 75.2% year on year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, volumes handled only edged down 0.5% year on year,
thanks to stable volumes mainly of medical equipment-related products and automotive components. Air freight
imports, meanwhile, recorded a 9.4% year-on-year decline in volumes handled, with the main decreases coming in
automotive components and electronic and electrical equipment-related products originating from Asia in the fourth
quarter.
Ocean Freight Forwarding
In the ocean freight forwarding business, market cargo volumes declined, reflecting the European economic slowdown.
However, volumes handled during the year under review increased markedly year on year due to the benefits of the
business integration.
Logistics
Although logistics operations performed strongly through the third quarter as they tapped into Christmas-related
demand and for other reasons, sales were sluggish in the fourth quarter, which is a quiet period when companies tend
to clear their inventories. Sales, however, were much higher year on year due to the business integration.
* €1=\110.20（2012）, €1=\113.22（2011）
Page Top
The Americas segment recorded sales of \70,056 million, up 420.0% year on year. The segment recorded a loss of \577 million, compared with segment profit of \749 million in the previous fiscal year.
Market Conditions and Company Initiatives Air Freight Forwarding
In air freight exports in the air freight forwarding business, the first half saw stable volumes of automotive components
and medical equipment-related products to Asia. Nevertheless, export freight volumes handled in the year under
review fell 3.4% year on year. In air freight imports, while volumes tended to decline in the first half, volumes handled
of electronic and electrical equipment-related products and automotive components from Asia steadily increased in the
second half. As a result, import freight volumes handled dropped only 0.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, freight volumes handled increased year on year. In addition to the benefits
from business integration, this outcome reflected stable growth in volumes of automotive components and other
freight.
Logistics
In logistics operations, the land transport division, which struggled in the first half of the year, achieved a certain level
of performance by concentrating on reducing costs. The warehousing division, however, incurred some one-off
charges and also experienced a downturn in sales in the fourth quarter.
* $1=\79.06 (2012), $1=\86.04 (2011)
Page Top
The Japan segment, including domestic consolidated subsidiaries, recorded sales of \83,761million, up 7.9% year on year, and segment profit of \1,675 million, up 402.7%.
Market Conditions and Company Initiatives Air Freight Forwarding
The volume of air freight exports handled in the air freight forwarding business in the first half of the fiscal year was
sluggish, particularly in automotive components, due to the impact of the Great East Japan Earthquake. However, the
second half saw a recovery in freight movement partly because of demand associated with recovery efforts following
the floods in Thailand. Despite this, freight volumes handled during the year under review decreased 6.3% year on
year. In air freight imports, the first half of the fiscal year saw the lingering impact of the Great East Japan Earthquake
affect the cargo volumes of automotive components, and electronic and electrical equipment-related products from
Asia. There was, however, a recovery in freight from the beginning of the second half, although this failed to reach the
level seen in the previous fiscal year. As a result, freight volumes handled dropped 8.3% year on year.
Ocean Freight Forwarding
In the ocean freight forwarding business, the floods in Thailand disrupted freight movements temporarily. Despite this,
the volume of ocean freight exports handled increased due to expansion from the business integration.
Other
In the travel services segment, the travel market was static for a time because of the impact of the Great East Japan
Earthquake. Corporate business travel was strong though.
Page Top
Review of Operations At a Glance Japan Americas Europe East Asia South Asia & Oceania
Site Policy Privacy Policy Copyright © YUSEN LOGISTICS CO., LTD. All Rights Reserved.
0
10,000
20,000
30,000
40,000
50,000
1211100908
(Millions of Yen)
Net Sales
0
500
1,000
1,500
2,000
2,500
1211100908
(Millions of Yen)
Operating Income
Year ended Mar. 2011
74%Air freight forwarding Ocean freight forwarding Logistics
* Due to rounding, the total does not equal 100%.
31%
20%
26%
43%
6%
Year ended Mar. 2012
Freight Sales by Business
South Asia & Oceania
