9029 Higashi Twenty One
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Higashi Twenty One News
Higashi 21 - Acquired all shares of Neocompetence, completed subsidiary transformation.
On the 25th, Higashi Twenty-One <9029> announced that they have completed the acquisition of all shares of Neo Competence, as disclosed in their "Notice of Subsidiary Acquisition (Transfer)" dated the 14th, and has made it a subsidiary. Neo Competence is located in Chiyoda-ku, Tokyo, and engages in temporary staffing services. In conjunction with the acquisition of the shares, Mr. Kojima, representative executive officer and president of Higashi 21, and Mr. Tsudo, senior executive officer, will be appointed as directors of Neo Competence.
Higashi Twenty One: Extraordinary Report
Higashi 21 Research Memo (11): Aim for a consolidated dividend payout ratio of 30% or higher for profit distribution.
■ Higashi Twenty-One <9029>'s Growth Strategy 3. Shareholder Return Policy: Shareholder returns are based on the maintenance of a strong financial structure that serves as the foundation for long-term development and stable dividends, while also aiming to return profits acquired through growth with a targeted consolidated dividend payout ratio of 30% or higher. In accordance with this policy, the dividend for the fiscal year ending March 2024 was set at 36.0 yen (end of term lump sum), a 6.0 yen increase from the previous fiscal year. The dividend payout ratio is 31.4%. The dividend for the fiscal year ending March 2025 is set at 38.0 yen, a 2.0 yen increase from the previous fiscal year.
Higashi 21 Research Memo (9): Upward revision of target values for Mid-term Management Plan 2026.
■ Growth Strategy 1. Upside revision of target values for Mid-term Management Plan 2026. Higashi Twenty One <9029> raised the Long-term Management Vision "Higashi 21 Group VISION 2030" formulated in July 2020 as its target to continue to reform as a company that delivers the best service to customers. In the mid-term management plan 2026 (fiscal year ending March 2024 to fiscal year ending March 2026) formulated in May 2023, Gainianbankuai is "3 years to leap forward while using growth as fuel" as the theme, and the target values are
Higashi21 Research Memo (7): The March 2024 period will have a significant increase in both revenue and profit, reaching an all-time high.
Performance Trend: 1. An overview of consolidated business performance for March 2024. The consolidated business performance of Higashi Twenty-One Co., Ltd. (<9029>) for the March 2024 period was JPY 40,635 million, an increase of 16.7% compared to the previous year, operating profit was JPY 2,190 million, an increase of 14.8% YoY, ordinary profit was JPY 2,309 million, an increase of 14.0%, and the net income attributable to shareholders in the parent company was JPY 1,506 million, an increase of 18.8% YoY. It was generally higher than the upward revised financial estimates of October 27, 2023, with revenue of JPY 40,000 million and operating profit.
Higashi 21 Research Memo (5): Promoting initiatives for growth in all business areas.
■Business Overview 3. Overview of Business Areas Higashi Twenty-One <9029> has established its own business area classification that is different from the report segment classification, and is promoting initiatives for growth in all business areas. The business area classification includes office services (office relocation, office layout changes, and company-wide relocation), 3PL (material purchase, storage, material processing, and delivery for the Kansai Electric Power Group, incoming goods for Amazon Japan and major industrial machinery manufacturers, etc.).
Higashi 21 Research Memo (4): Customer base centered on major high-quality companies.
Business Overview 2. Major Customers Higashitwenty-One <9029>, which originated in the Kansai region, boasts high name recognition and market share, and has built a customer base centered on major excellent enterprises in a wide range of fields, becoming a stable source of income. Key customers include Japan Life Group, a major shareholder, Kansai Electric Power <9503> Group, and the Mainichi Newspapers Group, as well as Amazon Japan, with which it started e-commerce business in the Kansai region, and Yamagami Transportation Industrial in February 2022.
Higashi 21 Research Memo(2): A unique comprehensive logistics company originating from Kansai.
Company overview: Higashi Twenty-One ＜9029＞ is a comprehensive logistics company originating from Kansai. The slogan 'Evolution for Customers - Move forward together towards the future' highlights its strength in advanced logistics design and a strong customer base, while promoting the expansion of core businesses and Tokyo metropolitan area business by utilizing mergers and acquisitions. In addition, it provides high value-added logistics services, different from general transportation services, to peripheral areas and growing areas of logistics services.
Acquisition of all shares of Neo Competence for Higashi 21 (Subsidiarization)
On the 14th, Higashi Twenty-One <9029> announced that it will acquire all shares of NeoCompiTans and make it a subsidiary. With this stock acquisition, NeoCom will also become a subsidiary of the company. NeoCompiTans, which operates a personnel dispatch business, has established a network of bases centered on Saitama Prefecture, offering services that meet the needs of both dispatched staff living nearby and the human resource needs of clients engaged in logistics business.
Higashi Twenty One: Securities Report - 102nd period (April 1, 2023 - March 31, 2024)
Higashi Twenty One: Confirmation letter
Higashi 21 opens a new logistics center called 'Kawanishi Logistics Center' which will be operational in August.
On the 10th, Higashi Twenty-One ＜9029＞ announced the opening of a new logistics base, the "Kawanishi Logistics Center," in Kawanishi City, Hyogo Prefecture in conjunction with a new 3PL contract. In preparation for operation in August, a preparation room has been established at the site since June. The building is named DPL Hyogo Kawanishi, and the rental area is 21,866 tsubo (1 building), making it the company's largest base. It is adjacent to the new Meishin Expressway "Kawanishi IC" and is conveniently located for transportation, only 25 kilometers from the center of Osaka Prefecture in the Kinki region.
Higashi 21---Announces 2-digit increase in sales and profit for the fiscal year ending 24/3, and increases in year-end dividends
Higashi TwentyOne ＜9029＞ announced consolidated financial results for the fiscal year ending 2024/3 on the 10th. Net sales increased 16.7% from the previous fiscal year to 40.635 billion yen, operating profit increased 14.8% to 2.190 billion yen, ordinary profit increased 14.0% to 2.309 billion yen, and net income attributable to parent company shareholders increased 18.8% to 1,506 billion yen. Sales in the transportation business increased 9.0% from the previous fiscal year to 22.91 billion yen, and segment profit increased 19.8% to 2.80 billion yen. offices
Higashi 21 --- Revision of medium-term management plan values
On the 10th, Higashi TwentyOne ＜9029＞ announced revisions to the plan values for the fiscal year ending 2026/3, which is the final year, for the 3-year medium-term management plan with the 2024/3 fiscal year as the first year. For the fiscal year ending 2024/3, which is the first year of the “Mid-Term Management Plan 2026,” sales exceeded 40 billion yen for the first time as a group. For the fiscal year ending 2025/3, which is the second year, sales are expected to be 42.5 billion yen, which exceeds the original 3-year plan figure of 42 billion yen. Another 3 years
Higashi Twentyone---Dividend from surplus (dividend increase)
Higashi TwentyOne ＜9029＞ announced on the 10th that it will pay dividends from surplus funds with 2024/3/31 as the reference date. The company believes that return of profits to shareholders is one of the important issues, and it is a policy to implement dividends with a consolidated dividend ratio of 30% or more as a target level, based on strengthening the financial position and maintaining stable dividends, while comprehensively considering this while enhancing internal reserves necessary for continuous business scale expansion. This basic policy and
Higashi Twenty One: Summary of Financial Results for the Fiscal Year Ending March 31, 2024 [Japanese GAAP] (Consolidated)
Higashi Twenty One: Notice Concerning Dividends (Dividends Increase) from Surplus Funds
Higashi Twenty One FY Net Y1.51B Vs Net Y1.27B
Higashi Twenty One Co. Ltd. (9029.TO) Japan Year Ended March 31 GROUP 2024 2023 Revenue Y40.64 bln Y34.81 bln Operating Profit Y2.19 bln Y1.91
Kubota, Hoshizaki, Tokyo Electron, NTT (10 days) (6027-9990)
*The above calendar is just a schedule and is subject to change due to company circumstances. ---------------------------------------5/10 (Fri) ＜6027＞LawyerCom ＜6036＞Keeper Giken ＜6046＞Linkbal ＜6059＞Uchiyama HD＜6063＞EAJ ＜6071＞IBJ＜6103＞Okuma ＜6134＞FUJI
Higashi Twenty One Sees FY Net Y1.45B
Higashi Twenty One Co. Ltd. also released the following forecasts: GROUP Year Ending Mar 2024 Revenue Y40.00 bln Operating Profit Y2.20 bln Preta
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