9301
Mitsubishi Logistics Corporation
三菱倉庫株式会社
Warehousing & Harbor Transportation Services
Mitsubishi Logistics Corporation provides logistics services in Japan and internationally. It operates through the Logistics and Real Estate segments. The company offers warehousing; port, harbor, international, overland, and maritime transportation; and customs clearance services. It also engages in the development, sale, and operational management of logistics information systems; manages and operates parking lots and shopping centers; designs and contracts various construction projects; and provides condominium management services. In addition, the company involved in the design and supervision of construction work; wrapping, labeling, and storage of business of pharmaceutical product and medical devices; sales, purchases, leasing, and management of real estate, including office buildings, commercial facilities, hotels, and residences; warehouse operation and storage; distribution centers operation and processing; and operation of electronic repair centers. The company was formerly known as Mitsubishi Warehouse Co., Ltd. and changed its name to Mitsubishi Logistics Corporation in 1996. Mitsubishi Logistics Corporation was incorporated in 1887 and is headquartered in Tokyo, Japan.
Price
¥1,502
Market Cap
¥538.9B
Ent. Value
¥579.1B
Net Debt
−¥40.2B
Shares Out.
358.9M
P / E
9.6×
EV / EBIT
36.4×
P / Book
1.36×
P / NCAV
N/M
Div. Yield
1.20%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥639.8B | ¥626.1B | ¥679.1B | ¥573.7B | ¥562.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥139.9B | ¥125.9B | ¥119.4B | ¥124.3B | ¥109.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥63.0B | ¥63.4B | ¥59.0B | ¥62.0B | ¥51.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥499.8B | ¥500.2B | ¥559.7B | ¥449.4B | ¥452.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥287.8B | ¥281.7B | ¥293.4B | ¥282.0B | ¥283.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥5.8B | ¥6.2B | — | ¥82M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥40.3B | ¥39.0B | ¥12.6B | ¥12.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥156.3B | ¥163.7B | ¥213.5B | ¥144.3B | ¥145.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥3.2B | ¥3.2B | ¥3.0B | ¥2.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥255.3B | ¥246.8B | ¥267.4B | ¥219.3B | ¥214.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥106.3B | ¥93.2B | ¥93.8B | ¥90.4B | ¥91.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥39.7B | ¥35.6B | ¥29.9B | ¥40.3B | ¥48.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥11.7B | ¥8.0B | ¥6.9B | ¥4.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥149.0B | ¥153.6B | ¥173.6B | ¥128.9B | ¥123.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥63.6B | ¥66.5B | ¥72.1B | ¥60.0B | ¥54.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥7.2B | ¥7.7B | ¥8.4B | ¥7.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥46.5B | ¥61.0B | ¥36.4B | ¥37.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥384.5B | ¥379.3B | ¥411.7B | ¥354.4B | ¥347.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥22.4B | ¥22.4B | ¥22.4B | ¥22.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥19.1B | ¥19.3B | ¥19.1B | ¥19.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥293.6B | ¥276.9B | ¥272.8B | ¥252.8B | ¥250.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-25.5B | ¥-22.2B | ¥-12.3B | ¥-20.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥81.8B | ¥113.1B | ¥68.9B | ¥72.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥316.3B | ¥292.9B | ¥292.4B | ¥281.9B | ¥271.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥4.6B | ¥6.3B | ¥3.6B | ¥3.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥103.2B | ¥102.0B | ¥102.1B | ¥100.3B | ¥102.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-40.2B | ¥-38.6B | ¥-43.1B | ¥-38.3B | ¥-51.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-115.3B | ¥-120.9B | ¥-148.0B | ¥-94.9B | ¥-104.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-337 | ¥-1,959 | ¥-1,218 | ¥-1,292 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥816 | ¥3,869 | ¥3,618 | ¥3,357 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥6.5B | ¥29.6B | ¥41.8B | ¥40.5B | ¥36.2B |
| Interest Paid | — | ¥-875M | ¥-578M | ¥-523M | ¥-585M |
| Interest Received | — | ¥5.6B | ¥5.8B | ¥6.5B | ¥5.2B |
| D&A | ¥17.7B | ¥17.7B | ¥16.0B | ¥15.7B | ¥15.5B |
| Goodwill Amort. | — | ¥645M | ¥158M | ¥87M | ¥82M |
| Investing CF | ¥26.2B | ¥15.5B | ¥-31.5B | ¥-14.4B | ¥-29.2B |
| Purchase Investments | — | ¥-11.4B | ¥-9.8B | ¥-9.8B | ¥-1.1B |
| Proceeds from Invest. | — | ¥32.6B | ¥17.0B | ¥12.1B | ¥7.6B |
| Financing CF | ¥-33.6B | ¥-44.2B | ¥-14.9B | ¥-17.1B | ¥-16.5B |
| Dividends Paid | — | ¥-11.2B | ¥-7.7B | ¥-6.6B | ¥-5.6B |
| Share Buybacks | — | ¥-20.1B | ¥-10.0B | ¥-10.0B | ¥-5.0B |
| LT Debt Repaid | — | ¥-834M | ¥-7.1B | ¥-12.6B | ¥-833M |
| Free Cash Flow | ¥6.5B | ¥29.6B | ¥41.8B | ¥40.5B | ¥36.2B |
| Net Change in Cash | — | ¥2.6B | ¥-3.9B | ¥9.8B | ¥-8.9B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 14.3% | 8.2% | 7.3% | 7.8% | 5.4% |
| ROA | 8.7% | 4.9% | 4.4% | 4.8% | 3.2% |
| EPS | ¥155.84 | ¥85.92 | ¥359.46 | ¥342.00 | ¥219.47 |
| DPS | ¥18.00 | ¥32.00 | ¥120.00 | ¥90.00 | ¥80.00 |
| BPS | ¥1,103.18 | ¥1,040.59 | ¥5,348.71 | ¥4,489.01 | ¥4,238.85 |
| FCF/Share | — | ¥83 | ¥553 | ¥520 | ¥447 |
| NCAV/Share | — | ¥-337 | ¥-1,959 | ¥-1,218 | ¥-1,292 |
| Payout Ratio | 11.6% | 37.2% | 33.4% | 26.3% | 36.5% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 8
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-04-30
15:30
|
Div Increase | ¥6.9B ¥20.0/sh +25% | Mitsubishi Warehouse (9301) announced a dividend increase, raising the FY2026 year-end dividend to ¥20 per share (up ¥2 … | |
|
Summary
Mitsubishi Warehouse (9301) announced a dividend increase, raising the FY2026 year-end dividend to ¥20 per share (up ¥2 from prior forecast of ¥18), resulting in total annual DPS of ¥38 (up 18.8% YoY from ¥32). The company targets DOE of 4% or above by FY2030 under its 2025-2030 management plan, with continued dividend growth as a core policy.
Deadline: 2026-06-29
YoY: +25%
Source (JP)
当期(2026年3月期)の期末配当金は、以上の基本方針並びに当期業績及び今後の増配方針等を勘案し、1株につき20円(前回予想に比べ2円増額)にすることといたします。
剰余金の配当(増配)に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
67,098 | 18.63% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
32,437 | 9.00% |
| 3 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
25,768 | 7.15% |
| 4 |
Mitsubishi Estate Company, Limited
三菱地所株式会社
|
18,327 | 5.09% |
| 5 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行)
|
14,442 | 4.01% |
| 6 |
Tokio Marine & Nichido Fire Insurance Co., Ltd.
東京海上日動火災保険株式会社
|
10,205 | 2.83% |
| 7 |
TAKENAKA CORPORATION
株式会社竹中工務店
|
7,525 | 2.09% |
| 8 |
MUFG Bank
株式会社三菱UFJ銀行
|
6,469 | 1.80% |
| 9 |
Stock Ownership Plan
三菱倉庫職員持株会
|
5,559 | 1.54% |
| 10 |
TODA CORPORATION
戸田建設株式会社
|
5,387 | 1.50% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
27.6%
-1.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.0%
+0.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
22.0%
+0.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 53.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 19.06% | 21.29% | 18.63% -2.66% | |
| Japan Custody Bank 日本カストディ銀行 | 8.48% | 8.25% | 9.00% +0.75% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 6.59% | 6.80% | 7.15% +0.35% | |
| Mitsubishi Estate Company, Limited 三菱地所 | 4.69% | 4.83% | 5.09% +0.26% | |
| State Street | 3.33% | 3.52% | 4.01% +0.49% | |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 | 2.61% | 2.69% | 2.83% +0.14% | |
| TAKENAKA CORPORATION 式会社竹中工務店 | 1.93% | 1.98% | 2.09% +0.11% | |
| MUFG Bank 式会社三菱UFJ銀行 | 1.93% | 1.99% | 1.80% -0.19% | |
| Stock Ownership Plan 三菱倉庫職員持株会 | — | 1.42% | 1.54% +0.12% | |
| TODA CORPORATION 戸田建設 | — | 1.42% | 1.50% +0.08% | |
| BNY Mellon last seen 2023 | Exited Top 10 | 1.42% | — | — |
| 式会社ニコン last seen 2023 | Exited Top 10 | 1.48% | — | — |
| Concentration (HHI) ⓘ | 530 | 622 | 541 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥112,752M
+5% since 2023
Holdings
30
+2 new
11 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥112,752M total | FY2023 ¥107,496M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi Corporation
三菱商事㈱
|
37,076 |
+66.7%
↑
14,116,143
|
40,238 | 8,469,381 | M |
|
Shin-Etsu Chemical Co., Ltd.
信越化学工業㈱
|
18,036 |
+400.0%
↑
4,258,000
|
18,202 | 851,600 | M |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
12,903 |
5,305,824
|
8,364 | 5,305,824 | M |
|
NYK Line Co.
日本郵船㈱
|
11,902 |
2,418,663
|
7,471 | 2,418,663 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
9,918 |
-25.0%
↓
1,729,125
|
5,871 | 2,305,125 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
4,476 |
-50.0%
↓
2,226,178
|
3,775 | 4,452,178 | M |
|
TERUMO CORPORATION
テルモ㈱
|
3,563 |
-1.0%
↓
1,274,000
|
4,599 | 1,287,000 | |
|
K.R.S.Corporation
㈱キユーソー流通システム
|
2,247 |
NEW
New
1,267,900
|
— | ||
| ㈱八十二銀行 | 2,105 |
1,993,770
|
1,146 | 1,993,770 | M |
|
Nippon Shinyaku Co.,Ltd.
日本新薬㈱
|
1,878 |
494,000
|
2,880 | 494,000 | M |
|
TODA CORPORATION
戸田建設㈱
|
1,576 |
1,787,116
|
1,234 | 1,787,116 | M |
|
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業㈱
|
1,492 |
931,500
|
2,574 | 931,500 | M |
|
The Hyakujushi Bank,Ltd.
㈱百十四銀行
|
1,175 |
338,164
|
621 | 338,164 | M |
|
Nippon Electric Glass Co., Ltd.
日本電気硝子㈱
|
1,003 |
287,800
|
733 | 287,800 | M |
|
KANADEN CORPORATION
㈱カナデン
|
966 |
656,329
|
762 | 656,329 | M |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学㈱
|
765 |
329,000
|
645 | 329,000 | M |
| AYALA CORPORATION | 590 |
360,512
|
611 | 360,512 | |
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
447 |
209,000
|
309 | 209,000 | M |
|
The Chiba Bank, Ltd.
㈱千葉銀行
|
372 |
265,965
|
227 | 265,965 | M |
|
Japan Airlines Co., Ltd.
日本航空㈱
|
204 |
80,000
|
206 | 80,000 | M |
|
Nippon Beet Sugar Manufacturing Co.,Ltd.
日本甜菜製糖㈱
|
33 |
14,674
|
24 | 14,674 | M |
|
Fujiya Co.,Ltd
㈱不二家
|
11 |
5,000
|
12 | 5,000 | |
| ACEN CORPORATION | 7 |
NEW
New
919,305
|
— | ||
|
key coffee inc
キーコーヒー㈱
|
7 |
+47.3%
↑
3,695
|
5 | 2,508 | |
|
Mitsubishi Electric Corporation
三菱電機㈱
|
— | — | |||
|
Mitsubishi Chemical Gloup Corporation
三菱ケミカルグループ㈱
|
— | — | M | ||
|
Mitsubishi Kakoki Kaisha, Ltd.
三菱化工機㈱
|
— | — | M | ||
|
Mitsubishi Steel Mfg. Co.,Ltd.
三菱製鋼㈱
|
— | — | M | ||
|
Daiwa Securities Group Inc.
㈱大和証券グループ本社
|
— | — | M | ||
|
ONWARD HOLDINGS Co., Ltd.
㈱オンワードホールディングス
|
— | — | M | ||
|
Takasago Thermal Engineering Co., Ltd.
高砂熱学工業㈱
|
— |
−100%
Exit
—
|
1,014 | 481,000 | M |
|
NIKON CORPORATION
㈱ニコン
|
— |
−100%
Exit
—
|
2,006 | 1,480,916 | M |
|
AGC Inc.
AGC㈱
|
— |
−100%
Exit
—
|
1,938 | 393,619 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
— |
−100%
Exit
—
|
1,009 | 104,800 | M |
|
Oji Holdings Corporation
王子ホールディングス㈱
|
— |
−100%
Exit
—
|
203 | 389,166 | M |
|
The Hyakugo Bank, Ltd.
㈱百五銀行
|
— |
−100%
Exit
—
|
103 | 279,000 | M |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
|
— |
−100%
Exit
—
|
105 | 111,000 | M |
|
譬ェ蠑丈シ夂、セ繧√�カ縺阪ヵ繧」繝翫Φ繧キ繝」繝ォ繧ー繝ォ繝シ繝�
㈱めぶきフィナンシャルグループ
|
— |
−100%
Exit
—
|
74 | 229,729 | M |
|
MITSUBISHI MATERIALS CORPORATION
三菱マテリアル㈱
|
— |
−100%
Exit
—
|
286 | 132,619 | M |
|
Mitsubishi Heavy Industries,Ltd.
三菱重工業㈱
|
— |
−100%
Exit
—
|
244 | 50,112 | M |
|
Senshu Ikeda Holdings,Inc.
㈱池田泉州ホールディングス
|
— |
−100%
Exit
—
|
5 | 23,987 | M |
| Portfolio total | 112,752 | 107,496 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding