Yusen profits slip 2.7% in FY 2015

The Tokyo-based third-party logistics provider also unveiled the construction of a logistics facility in Myanmar’s Thilawa Special Economic Zone.    Third-party logistics provider Yusen Logistics reported profits attributable to owners of parent dipped 2.7 percent year-over-year to 2.7 billion yen (U.S. $25.3 million) for fiscal year 2015, which ended March 31, 2016.
   In addition, net income per share for the fiscal year totaled 64.01 yen per share, compared to 65.81 yen per share for the prior fiscal year.
   Net sales inched up 1.9 percent year-over-year to 469.8 billion yen.
   Meanwhile, the company unveiled it is establishing Yusen Logistics (Thilawa) Co., Ltd. in Thilawa, Myanmar’s Special Economic Zone (SEZ). The Thilawa SEZ, which is a major industrial complex adjacent to Port Thilawa, is located 20 kilometers southeast of Yangon, a primary gateway to international markets.
   Yusen’s site in Thilawa’s SEZ will open in 2017 and will comprise approximately 30,000 square meters, featuring a 5,000-square-meter warehouse area.
   “With the new facility, Yusen Logistics Thilawa will increase its presence in the region and meet the growing logistics demand, including inventory management, distribution processing and inspection. The company is also planning to provide high value-added services to meet the needs of customers in various industries, such as temperature-controlled storage and bonded warehouse services,” Yusen said.