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Article: JAPAN'S WAREHOUSE FIRMS SEE MIXED FY99 GROUP PROFIT.
- Article from:
- AsiaPulse News
- Article date:
- May 30, 2000
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TOKYO, May 30 Asia Pulse - Consolidated operating profit at five major warehouse operators were mixed for the year to March 31, according to reports issued by the firms Monday.
Sumitomo Warehouse Co (TSE:9303) and Japan Transcity Corp (TSE:9310) posted higher consolidated operating profit, but Mitsubishi Logistics Corp (TSE:9301), Mitsui-Soko Co (TSE:9302) and Shibusawa Warehouse Co (TSE:9304) suffered significant falls.
As a whole, the five companies' property divisions booked declines in both sales and profits, hit by falling demand for office space.
Their distribution divisions were generally sluggish due to lower unit prices.
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