Nov 17 , 2023
Nov 09 , 2023
Summary of Financial Results for the Second Quarter of the Fiscal Year Ended March 31, 2024
Oct 13 , 2023
Aug 30 , 2023
Aug 09 , 2023
Aug 09 , 2023
Summary of Financial Results for the First Quarter of the Fiscal Year Ended March 31, 2024
Aug 01 , 2023
Jun 06 , 2023
May 17 , 2023
Feb 13 , 2023
Listing market
Prime market of Tokyo Stock Exchange
Total number of authorized shares
100,000,000
Issued shares
25,690,766
Number of shareholders
9,051
Name
Number of shares held
(unit: thousand share)
Shareholding ratio
The Master Trust Bank of Japan, Ltd.
(trust account)
2,272
9.23%
Maruha Nichiro Corporation
1,718
6.98%
Kyodo Milk Industry Co., Ltd.
1,491
6.06%
The Norinchukin Bank
1,243
5.05%
The Kyoei Fire and Marine Insurance Company, Limited
1,231
5.00%
Chilled and Frozen Logistics Holdings Employee Stock Ownership Plan
877
3.56%
Chilled and Frozen Logistics Holdings Trading Partner Stock Ownership Plan
795
3.23%
BBH For Fidelity Low-Priced Stock Fund
788
3.20%
JA Mitsui Leasing Ltd.
746
3.03%
Masaru Wasami
728
2.96%
Japanese financial institutions
32.11%
Other Japanese corporations
29.96%
Other foreign corporations
8.73%
Japanese Individuals and others
29.20%
Chilled & Frozen Logistics Holdings Co., Ltd. ("C&F") announces that, board of directors meeting has resolved the revision of the Medium-term Management Plan (from FY2022 to FY2024) announced on May 10, 2022, as a 3-year plan from FY2023 to FY2025.
"Achieving sustainable low temperature zone logistics, meeting the needs of new cold-chains"
In an era where all local communities, companies, and people face various difficulties, including the spread of COVID-19 and rapid climate change, the company will provide "safe and secure food logistics" and strengthen its profit structure by developing and expanding a new cold chain that connects consumption needs with supply needs for low-temperature controlled products, including food, which are different from conventional channels.
By strengthening our profit structure in light of challenging new business domains and facing and sincerely working closely with all stakeholders’ issues including measures to address the natural environment where changes are accelerating, C&F will build a sustainable cold chain logistics business that fulfills our responsibilities for the future and enhance our corporate value.
1
Building a Sustainable Logistics Business
2
Enhancing Corporate Value through Strategic Financial Structure
3
Strengthening the Functions and Earnings Base of Existing Businesses Centered on the Joint Delivery Business
4
Promoting Investment in Growing Fields
5
①Investing in the development and introduction of new technologies in order to rise up the productivity in respect of manpower-saving and address the environmental issues as sustainability initiatives.
②Accelerating the growth speed by promoting investment in businesses such as overseas business, e-commerce logistics and pharmaceutical logistics and by business alliance with other companies.
③Enhancing profitability and expanding business volume by both organic and inorganic growth including through the M&A that contributes to strengthening the existing business.
(1)Basic Policy
Based on the basic policy of "Realizing Enhancement of Shareholder Value and Corporate Value Based on increasing Profit Margins and Through an Optimal Capital Structure.," the following financial target figures are set from the three perspectives of sustainable growth, ensuring financial soundness, and enhancing shareholder returns under this policy.
(2)Target figures
FY2023
(Performance forecast)
FY2024
(Performance target)
FY2025
(Performance target)
Consolidated operating revenue
115,300 million yen
118,700 million yen
122,400 million yen
Consolidated operating profit
3,400
million yen
4,700
million yen
5,700
million yen
ROE
(Return on equity)
8.0% or higher by FY2025
Capital adequacy ratio
Approx. 45%
Dividend payout ratio
20% or more (up to 30% or more gradually)
Capital investment
33,500 million yen
C&F continues the existing Shareholder Return Policy as well as Basic policy and strategy. Its policy is to maintain the dividend payout ratio at 20% or more and increase the ratio gradually to achieve the 30% target.
Its policy also aims to increase the total payout ratio by potential execution of share buybacks.
the revision of 3rd Medium-term Management Plan
Early Feb.
Announcement of financial results for 3Q of FY2023
Early Nov.
Announcement of financial results for 2Q of FY2023
Aug. 9
Announcement of financial results for 1Q of FY2023
Jun. 28
8th Ordinary General Meeting of Shareholders
May. 9
Announcement of financial results for FY2022
Feb. 10
Announcement of financial results for 3Q of FY2022
Nov. 9
Announcement of financial results for 2Q of FY2022
Aug. 10
Announcement of financial results for 1Q of FY2022
Jun. 28
7th Ordinary General Meeting of Shareholders
May. 10
Announcement of financial results for FY2021
Feb. 14
Announcement of financial results for 3Q of FY2021
