During fiscal 2017, the year ended March 31, 2018, production and trade expanded globally, and the global economy continued to grow. The domestic economy also saw gradual improvement, backed by recovery in exports and production. In the logistics industry, transport-related demand for such domestic freight as automotive parts and steel increased. International freight was firm overall, as air freight forwarding of electronics parts and other cargo, mainly to Asia, remained strong.
Under these circumstances, fiscal 2017 revenues came to ¥1,995.3 billion, up 7.0% from the previous fiscal year, and operating income rose 22.4% year on year to ¥70.2 billion. Both revenues and operating income set new record highs. However, profit attributable to owners of parent came to ¥6.5 billion, down 82.1% year on year due in part to impairment loss on goodwill.
