SBS Holdings ＜2384＞ announced consolidated financial results for the 1st quarter (January to March 24) of the fiscal year ending 2024/12 on the 10th. Sales decreased 4.4% from the same period last year to 11.38.14 billion yen, operating profit fell 23.5% to 8110 billion yen, ordinary profit fell 22.2% to 8.184 billion yen, and quarterly net profit attributable to parent company shareholders fell 28.3% to 4.885 billion yen.

Sales in the logistics business fell 4.7% from the same period last year to 99.861 billion yen, and operating profit decreased 38.0% to 2,059 billion yen. In addition to expanding transactions with existing customers, we focused on acquiring new customers seeking high logistics functions and capturing demand for EC logistics, etc., but sales and profits declined due to the effects of falling fares and volume of overseas businesses in intercompany logistics, and a decrease in handling volume of home appliances, semiconductors, etc.

Sales in the real estate business fell 3.5% to 11.701 billion yen, and operating profit fell 16.4% to 5.888 billion yen. In the development business, in order to promote 3PL and 4PL businesses within the group, large warehouses that meet customer logistics needs are consistently carried out from land acquisition to construction. In the leasing business, rental income is obtained from warehouses, office buildings, residences, etc. owned by the group. The company is recovering funds by securitizing logistics real estate for future investments, and profits recorded in connection with securitization are included in the real estate business. For this first quarter, trust beneficiary rights for the Shin-Sugita Distribution Center (Yokohama City) were transferred, but sales and profit declined due to falling below the results of logistics real estate securitization in the same period last year.

Sales from other businesses increased 1.8% from the same period to 2.51 billion yen, and operating profit increased 4.6% to 81 million yen. Other main businesses are temporary staffing business, marketing business, solar power generation business, and environmental business.

Regarding the full-year consolidated earnings forecast for the fiscal year ending 2024/12, the initial plan for sales is 450 billion yen, up 4.2% from the previous fiscal year, operating income is 21.0 billion yen, up 6.5% from the same period, ordinary profit is 20.50 billion yen, up 3.8%, and net income attributable to parent company shareholders is 10.50 billion yen, up 4.4% from the same period.