Industry map

Transport & Logistics industry map

Who earns the money in Transport & Logistics, and who keeps it. When a company spans several industries, only the relevant segment is counted.

FY2025 · 181 companies · ¥39.3T

Industry map

Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.

Industry size (revenue)
¥39.3T

YoY +4.5%

Companies
181
Avg. salary(parent only)
¥6.6M

Avg. age 42.6

Industry weather
Cloudy

Operating income -17.7%

Nippon Express Holdings[9147]

Japan + 5 more

#1
Revenue
¥3.36T▼0.8%
Operating income
¥108.6B▲0.8%

Margin 3.2%

Whole company: Revenue ¥2.57T · Net income ¥2.69B

Avg. salary ¥8.3M · 47.5(parent only)

Japan Post Holdings[6178]

Postal and logistics businesses + 2 more

#2
Revenue
¥2.82T▲8.0%
Operating income
¥7.97BBack to profit

Margin 0.3%

Whole company: Revenue ¥11.4T · Net income ¥374.6B

Avg. salary ¥8.7M · 43.1(parent only)

ANA Holdingsinc.[9202]

Air Transportation + 1 more

#3▲
Revenue
¥2.34T▲12.6%
Operating income
¥223.4B▲10.0%

Margin 9.6%

Whole company: Revenue ¥2.54T · Net income ¥169.1B

Avg. salary ¥7.7M · 46.2(parent only)

  • Nagoya Railroad owns 1.5%
  • Nippon Yusen owns 0.8%

Nippon Yusen[9101]

Logistics + 5 more

#4▼
Revenue
¥2.32T▼6.2%
Operating income
¥224.1B▼54.7%

Margin 9.7%

Whole company: Revenue ¥2.42T · Net income ¥211.8B

Avg. salary ¥15.5M · 37.8(parent only)

Mitsui O.S.K. Lines[9104]

Vehicle Transport, Terminal and Logistics + 5 more

#5▼
Revenue
¥2.28T▲3.1%
Operating income
¥222.2B▼55.8%

Margin 9.7%

Whole company: Revenue ¥1.83T · Net income ¥213.3B

Avg. salary ¥16.6M · 38.4(parent only)

East Japan Railway Company[9020]

Transportation

#6
Revenue
¥2.05T▲5.1%
Operating income
¥194.4B▲10.4%

Margin 9.5%

Whole company: Revenue ¥3.08T · Net income ¥247.8B

Avg. salary ¥8.2M · 39.8(parent only)

Yamato Holdings[9064]

EXP business + 3 more

#7
Revenue
¥1.98T▲9.4%
Operating income
¥22.9B▲213.8%

Margin 1.2%

Whole company: Revenue ¥1.87T · Net income ¥13.7B

Avg. salary ¥12.5M · 36.4(parent only)

Central Japan Railway Company[9022]

Transportation

#8▲
Revenue
¥1.64T▲10.1%
Operating income
¥767.5B▲18.1%

Margin 46.7%

Whole company: Revenue ¥2.01T · Net income ¥552.9B

Avg. salary ¥8.6M · 37.0(parent only)

Japan Airlines[9201]

Full Service Carrier + 1 more

#9▲
Revenue
¥1.64T▲10.0%
Operating income
—

Whole company: Revenue ¥2.01T · Net income ¥137.6B

Avg. salary ¥10.1M · 40.2(parent only)

Kawasaki Kisen Kaisha[9107]

Product logistics + 4 more

#10▼
Revenue
¥1.63T▼1.6%
Operating income
¥204.6B▼66.3%

Margin 12.5%

Whole company: Revenue ¥1.02T · Net income ¥133B

Avg. salary ¥14.5M · 38.0(parent only)

SG Holdings[9143]

Delivery + 2 more

#11
Revenue
¥1.57T▲12.2%
Operating income
¥76.6B▲0.6%

Margin 4.9%

Whole company: Revenue ¥1.64T · Net income ¥59.1B

Avg. salary ¥7.9M · 38.5(parent only)

SENKO Group Holdings[9069]

Distribution + 1 more

#12
Revenue
¥1.15T▲4.3%
Operating income
¥68.1B▲5.2%

Margin 5.9%

Whole company: Revenue ¥899.6B · Net income ¥19.3B

Avg. salary ¥8.2M · 43.9(parent only)

※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.

Other companies: West Japan Railway Company · Kintetsu Group Holdings · SBS Holdings · Seino Holdings · Sankyu · Nagoya Railroad · Kamigumi · AZ-COM MARUWA Holdings · Tokyo Metro · K.R.S. · Hankyu Hanshin Holdings · Fukuyama Transporting · Mitsui-Soko Holdings · Nichirei · Maruzen Showa Unyu Co,. · Japan Airport Terminal · Mitsubishi Logistics · Nishi-Nippon Railroad · NS United Kaiun Kaisha · NIKKON Holdings · Tokyu · Tobu Railway · Keisei Electric Railway · The Sumitomo Warehouse · Kyushu Railway Company · Konoike Transport · Odakyu Electric Railway · Hamakyorex · Seibu Holdings · Keio · Zero · Japan Transcity · Keikyu · Nankai · AIT · Iino Kaiun Kaisha · Sakai Moving Service · Enshu Truck · kuribayashi steamship · Keihan Holdings …+129

The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).

Switch years to see how the map shifts

Who earns the money

Area = revenue from businesses in this industry. Color = operating margin.

LossHigh margin(middle = 0% margin)

Who makes a profit

Across = revenue (log scale), up = operating margin, bubble size = operating income.

Ranking and momentum

RankCompany (business)RevenueShareOp. marginCAGRFCF*
1Nippon Express HoldingsJapan + 5 more¥3.36T8.5%3.2%-2.4%¥125.5B
2Japan Post HoldingsPostal and logistics businesses + 2 more¥2.82T7.2%0.3%+0.4%-¥10.6T
3▲2ANA Holdingsinc.Air Transportation + 1 more¥2.34T6.0%9.6%+26.9%¥181.2B
4▼1Nippon YusenLogistics + 5 more¥2.32T5.9%9.7%+17.7%¥168.9B
5▼1Mitsui O.S.K. LinesVehicle Transport, Terminal and Logistics + 5 more¥2.28T5.8%9.7%+33.9%-¥88.1B
6East Japan Railway CompanyTransportation¥2.05T5.2%9.5%+12.5%-¥123B
7Yamato HoldingsEXP business + 3 more¥1.98T5.1%1.1%—¥34.6B
8▲1Central Japan Railway CompanyTransportation¥1.64T4.2%46.8%+23.4%¥224.1B
9▲1Japan AirlinesFull Service Carrier + 1 more¥1.64T4.2%———
10▼2Kawasaki Kisen KaishaProduct logistics + 4 more¥1.63T4.2%12.5%+9.5%¥176.1B
11SG HoldingsDelivery + 2 more¥1.57T4.0%4.9%—¥40.9B
12SENKO Group HoldingsDistribution + 1 more¥1.15T2.9%5.9%+6.9%¥15B
13West Japan Railway CompanyMobility¥1.11T2.8%11.8%—¥78.5B
14Kintetsu Group HoldingsInternational logistics + 1 more¥976.4B2.5%5.1%+58.9%-¥33.8B
15SBS HoldingsLogistics + 1 more¥920.5B2.3%2.6%+5.0%¥22.4B
16▲1Seino HoldingsTransportation services¥630.9B1.6%4.3%+8.6%¥19.1B
17▼1SankyuLogistics + 1 more¥590.5B1.5%3.3%+0.7%¥33B
18Nagoya RailroadTraffic + 3 more¥548.7B1.4%1.6%+7.9%-¥110.8B
19KamigumiDistribution Business + 1 more¥521.7B1.3%12.1%+2.9%¥21B
20AZ-COM MARUWA HoldingsLogistics + 1 more¥454.8B1.2%5.1%+14.6%-¥15B
21Tokyo MetroTransportation¥384.1B1.0%19.8%+8.8%¥42B
22K.R.S.Common logistics business + 3 more¥339.7B0.9%2.5%+3.0%-¥2.94B
23Hankyu Hanshin HoldingsUrban Transportation + 1 more¥315.4B0.8%11.8%+1.2%-¥57.7B
24Fukuyama TransportingTrans-porting + 3 more¥311.3B0.8%4.3%+2.2%¥5.47B
25Mitsui-Soko HoldingsLogistics segment¥292B0.7%8.4%-0.0%¥12.1B
26▲1NichireiLogistics¥282B0.7%6.6%+8.0%¥16.6B
27▼1Maruzen Showa Unyu Co,.Physical distribution + 2 more¥275.5B0.7%10.3%+2.1%¥10.2B
28Japan Airport TerminalMerchandise Sales + 1 more¥271.8B0.7%20.5%+50.3%¥33.9B
29▲1Mitsubishi LogisticsLogistics¥238B0.6%5.3%+2.6%-¥12.6B
30▲1Nishi-Nippon RailroadLogistics + 1 more¥234.6B0.6%4.3%-1.5%-¥63M
31▼2NS United Kaiun KaishaOverseas shipping + 1 more¥229.8B0.6%8.9%+4.1%—
32▲1NIKKON HoldingsTransportation segment + 2 more¥225B0.6%9.2%+7.4%¥10B
33▼1TokyuTransportation¥223.1B0.6%12.3%+8.2%-¥31.6B
34Tobu RailwayTransportation¥216B0.6%12.8%+6.2%-¥1.94B
35Keisei Electric RailwayTransportation¥205.1B0.5%8.6%+15.0%-¥42.6B
36▲1The Sumitomo WarehouseLogistics¥185.9B0.5%7.3%+1.1%¥1.34B
37▲2Kyushu Railway CompanyTransportation¥185.7B0.5%12.9%+16.9%-¥13.1B
38▼2Konoike TransportInternational logistics business + 2 more¥180.1B0.5%6.0%+1.2%¥11.2B
39▼1Odakyu Electric RailwayTransportation¥178.8B0.5%16.5%+8.5%-¥24.7B
40HamakyorexLogistics center + 1 more¥155.5B0.4%9.5%+5.6%¥9.98B
41Seibu HoldingsUrban Transportation and Regional¥150.5B0.4%6.3%+5.0%-¥152.7B
42KeioTransportation¥132.3B0.3%10.0%—-¥30.5B
43▲1ZeroDomestic automobile related businesses + 3 more¥131.3B0.3%10.6%+18.5%—
44▲1Japan TranscityIntegrated logistics services¥123.4B0.3%6.5%+1.7%¥4.23B
45▲1KeikyuTransportation¥120.6B0.3%15.5%+9.3%-¥41.4B
46▲1NankaiUrban Transportation¥116B0.3%12.9%+8.9%-¥7.78B
47▲1AITJapan + 3 more¥113.5B0.3%7.1%-0.8%¥3.43B
48▼5Iino Kaiun KaishaOceangoing Shipping + 1 more¥113.2B0.3%8.0%—-¥34.1B
49Sakai Moving ServiceMoving Service¥105.4B0.3%10.9%+3.6%¥6.33B
50▲1Enshu TruckDistribution business + 1 more¥99.6B0.3%8.3%+4.0%¥153M

Showing the top 50. See all 181 in the list below

* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.

How they make money differently

Where each company's ¥100 of sales goes, and how much it keeps (company-wide).

Ownership links

From the major-shareholder section of annual securities reports.

The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted. Showing up to 24 shareholder cards.

Compare the leaders side by side

All companies in Transport & Logistics (by revenue)

All 183 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.

  1. Nippon Express Holdings¥3.36T · 3.2%
  2. Japan Post Holdings¥2.82T · 0.3%
  3. ANA Holdingsinc.¥2.34T · 9.6%
  4. Nippon Yusen¥2.32T · 9.7%
  5. Mitsui O.S.K. Lines¥2.28T · 9.7%
  6. East Japan Railway Company¥2.05T · 9.5%
  7. Yamato Holdings¥1.98T · 1.1%
  8. Central Japan Railway Company¥1.64T · 46.8%
  9. Japan Airlines¥1.64T
  10. Kawasaki Kisen Kaisha¥1.63T · 12.5%
  11. SG Holdings¥1.57T · 4.9%
  12. SENKO Group Holdings¥1.15T · 5.9%
  13. West Japan Railway Company¥1.11T · 11.8%
  14. Kintetsu Group Holdings¥976.4B · 5.1%
  15. SBS Holdings¥920.5B · 2.6%
  16. Seino Holdings¥630.9B · 4.3%
  17. Sankyu¥590.5B · 3.3%
  18. Nagoya Railroad¥548.7B · 1.6%
  19. Kamigumi¥521.7B · 12.1%
  20. AZ-COM MARUWA Holdings¥454.8B · 5.1%
  21. Tokyo Metro¥384.1B · 19.8%
  22. K.R.S.¥339.7B · 2.5%
  23. Hankyu Hanshin Holdings¥315.4B · 11.8%
  24. Fukuyama Transporting¥311.3B · 4.3%
  25. Mitsui-Soko Holdings¥292B · 8.4%
  26. Nichirei¥282B · 6.6%
  27. Maruzen Showa Unyu Co,.¥275.5B · 10.3%
  28. Japan Airport Terminal¥271.8B · 20.5%
  29. Mitsubishi Logistics¥238B · 5.3%
  30. Nishi-Nippon Railroad¥234.6B · 4.3%
  31. NS United Kaiun Kaisha¥229.8B · 8.9%
  32. NIKKON Holdings¥225B · 9.2%
  33. Tokyu¥223.1B · 12.3%
  34. Tobu Railway¥216B · 12.8%
  35. Keisei Electric Railway¥205.1B · 8.6%
  36. The Sumitomo Warehouse¥185.9B · 7.3%
  37. Kyushu Railway Company¥185.7B · 12.9%
  38. Konoike Transport¥180.1B · 6.0%
  39. Odakyu Electric Railway¥178.8B · 16.5%
  40. Hamakyorex¥155.5B · 9.5%
  41. Seibu Holdings¥150.5B · 6.3%
  42. Keio¥132.3B · 10.0%
  43. Zero¥131.3B · 10.6%
  44. Japan Transcity¥123.4B · 6.5%
  45. Keikyu¥120.6B · 15.5%
  46. Nankai¥116B · 12.9%
  47. AIT¥113.5B · 7.1%
  48. Iino Kaiun Kaisha¥113.2B · 8.0%
  49. Sakai Moving Service¥105.4B · 10.9%
  50. Enshu Truck¥99.6B · 8.3%
  51. kuribayashi steamship¥96.8B · 3.6%
  52. Keihan Holdings¥95.2B · 14.7%
  53. Tomoku¥88.6B · 2.4%
  54. Meiko Trans¥81.3B · 6.5%
  55. THE Keihin¥78.4B · 10.9%
  56. Loginet Japan¥74.2B · 4.4%
  57. Yasuda Logistics¥74.2B · 7.2%
  58. The Shibusawa Warehouse¥74B · 5.0%
  59. Azuma Shipping¥69.1B · 6.0%
  60. Daiichi Koutsu Sangyo¥63.3B · -1.6%
  61. Isewan Terminal Service¥57.9B · 5.9%
  62. Kanagawa Chuo Kotsu¥57.7B · 3.9%
  63. Meiji Shipping Group¥50.5B · 7.5%
  64. Kanda Holdings¥50.4B · 8.2%
  65. Chuo Warehouse¥50B · 11.1%
  66. Higashi Holdings¥46.8B · 12.1%
  67. Kimura Unity¥45.9B · 10.9%
  68. Asagami Coporation¥45.5B · 9.8%
  69. Japan Logistic Systems¥44.9B · 6.3%
  70. Star Flyer¥44.8B · 3.1%
  71. Sotetsu Holdings¥44.4B · 12.9%
  72. Nippon Soda¥43.8B · 5.2%
  73. PHYZ Holdings¥38.3B · 3.7%
  74. Toyo Wharf & Warehouse¥38.1B · 3.9%
  75. Japan Oil Transportation¥38B · 4.3%
  76. Yokohama Reito¥37.7B · 19.7%
  77. Okayamaken Freight Transportation¥36.9B · 2.9%
  78. Being Holdings¥33.5B · 6.9%
  79. Optimus Group¥32.9B · 8.3%
  80. Shinki Bus¥32.6B · 6.6%
  81. Scroll¥29.9B · 3.0%
  82. Inui Global Logistics¥29.7B · 3.8%
  83. Toyo Logistics¥29.5B · 6.2%
  84. Toyo Suisan Kaisha¥26.3B · 10.7%
  85. Yamatane¥26.1B · 9.1%
  86. Kawanishi Warehouse¥26B · 7.6%
  87. Daisyo¥25.9B · 3.6%
  88. H.I.S.¥25.4B · 3.2%
  89. Mie Kotsu Group Holdings¥24.6B · 5.0%
  90. Hiroshima Electric Railway¥23.2B · -11.8%
  91. DM Solutions¥23.2B · 6.6%
  92. Tokyo Kisen¥22.7B · 1.7%
  93. Valor Holdings¥22.5B · 20.7%
  94. Hurxley Holdings¥21.9B · 3.8%
  95. Kibun Foods¥21.4B · 6.9%
  96. Sanyo Electric Railway¥21.3B · 7.7%
  97. Fuji Kyuko¥20.4B · 24.8%
  98. Sanritsu¥20.3B · 12.3%
  99. Rinko¥20B · 1.0%
  100. Hokkaido Chuo BUS¥19.7B · 4.9%
  101. Daiun¥18.3B · 7.5%
  102. Takase¥17.9B · 2.1%
  103. Belluna¥17.9B · 25.2%
  104. Kantsu HD¥17.3B · 1.9%
  105. Nissui¥16.6B · 14.5%
  106. Tradia¥16.4B · 1.4%
  107. Daito Koun¥16.4B · 12.4%
  108. Narasaki Sangyo¥16B · 2.5%
  109. NANSO Transport¥15.6B · 14.7%
  110. Kyoei Tanker¥15.5B · 8.0%
  111. Daiwa Motor Transportation¥14.8B · 2.4%
  112. Nihon Yamamura Glass¥14.8B · 5.4%
  113. Alpico Holdings¥14.2B · 14.7%
  114. Kobe Electric Railway¥14B · 11.2%
  115. EBARAFoodsIndustry¥13.7B · 1.8%
  116. Hyoki Kaiun Kaisha¥13.4B · 3.3%
  117. Tokai Kisen¥12.8B · 7.0%
  118. Warabeya Nichiyo Holdings¥12.7B · 7.4%
  119. Stella Chemifa¥9.78B · 21.4%
  120. sugimura warehouse¥9.58B · 11.3%
  121. e LogiT¥9.55B · -1.4%
  122. NiigataKotsu¥9.35B · 7.9%
  123. Senkon Logistics¥9.35B · 11.3%
  124. Fushiki Kairiku Unso¥9.23B · 14.2%
  125. Tohbu Network¥9.17B · 3.8%
  126. Chuo Gyorui¥8.73B · 9.3%
  127. Taiho Transportation¥8.08B · 4.0%
  128. Keifuku Electric Railroad¥7.89B · 6.1%
  129. Suzuyo Shinwart¥7.09B · 18.9%
  130. Scinex¥7.07B · 0.7%
  131. Weds¥6.41B · 5.3%
  132. Askul¥6.28B · -19.1%
  133. Taki Chemical¥5.65B · 10.9%
  134. KeyHolder¥5.61B · 7.5%
  135. Kyogoku unyu shoji¥5.28B · 9.8%
  136. Tamai Steamship¥5B · 21.8%
  137. Showa Sangyo¥4.84B · 28.7%
  138. Funai Soken Holdings¥4.35B · 14.0%
  139. Maruhachi Warehouse Company¥4.26B · 16.4%
  140. Sakurajima Futo Kaisha¥4.24B · 16.4%
  141. Chichibu Railway¥4.09B · 5.3%
  142. KUWAZAWA Holdings¥3.55B · -0.8%
  143. Fujisash¥3.32B · 11.9%
  144. DMS¥3.06B · 2.1%
  145. Nichimo¥2.29B · 0.6%
  146. Chugokukogyo¥2.19B · 0.5%
  147. Hodogaya Chemical¥1.77B · 20.3%
  148. Kyokuyo¥1.74B · 20.0%
  149. Tsukiji Uoichiba¥1.47B · 31.8%
  150. Kawasaki&¥1.4B · 42.0%
  151. Delica Foods Holdings¥1.2B · 10.0%
  152. Tayca¥1.15B · 24.1%
  153. Maruichi¥1.14B · 12.0%
  154. Chubu Steel Plate¥1.01B · 22.7%
  155. Justplanning¥995.8M · 15.0%
  156. Hanatour Japan¥988.6M · 48.5%
  157. Tokyo Tekko¥964M · 23.5%
  158. Tea Life¥927M · 20.4%
  159. Truck-One¥848.6M · 9.9%
  160. Howa Machinery¥742M · 6.5%
  161. Ichimasa Kamaboko¥659.2M · 30.4%
  162. OUG Holdings¥620M · 7.4%
  163. Onex¥602.9M · 5.6%
  164. Chubu Suisan¥538.8M · 39.0%
  165. Komatsu Matere¥499M · 11.4%
  166. MiyoshiOil&FatCo.¥476M · 15.3%
  167. Gourmet Kineya¥473.4M · -6.1%
  168. ahjikanco.¥462M · 12.3%
  169. Yokohama Maruuo¥387.4M · 10.1%
  170. Forside¥317M · 19.6%
  171. Create¥279M · 49.0%
  172. Sonec¥267.6M · 5.9%
  173. abc¥263M · -1.5%
  174. Daisui¥229M · 10.9%
  175. The Takigami Steel Construction¥148M · 31.1%
  176. HOB¥131.9M · 16.3%
  177. Shirai Electronics Indutrial¥102M · 2.0%
  178. Look Holdings¥102M · 36.3%
  179. Oenon Holdings¥92M · 9.8%
  180. Kyodo Paper Holdings¥79.9M · 36.9%
  181. Nitto Fuji Flour Milling¥65M · 60.0%
  182. Tokai Senko¥42.4M · 19.2%
  183. Univance¥33.2M · 58.4%

Revenue · Op. margin

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