Fukuyama Transporting: Start of Monthly Data Disclosure: A Positive Step for Transparency, Management Change

研报英文原文证据摘录

Fukuyama Transporting: Start of Monthly Data Disclosure: A Positive Step for Transparency, Management Change

Update

June 11, 2026 01:39 AM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MFukuyama Transporting (9075) | Japan Takuya Osaka

Equity Analyst

Start of Monthly Data Takuya.Osaka@morganstanleymufg.com +81 3 6836-5438

Disclosure: A Positive Step for

Transparency, Management

Fukuyama Transporting (9075.T, 9075 JT)

Logistics | Japan

Change Stock Rating Equal-weight

Industry View In-Line

Price target ¥5,060

On June 11, the company announced that it will begin regularly disclosing monthly Shr price, close (Jun 10, 2026) ¥6,480

data for its transportation (i.e., trucking) business on its website under “Monthly Mkt cap, curr, basic (bn) ¥229.1

Avg daily trading value (bn) ¥0.4

Transport Performance Flash.” We view this positively from the perspectives of both

disclosure and change in management approach. We also note two additional

positives. First is the timing of disclosure. Rival Seino Holdings releases monthly

data at the end of the following month. If Fukuyama discloses its monthly data on a

timeline similar to today's release of May data, we think the release would be

viewed favorably in terms of timeliness. Second is the quality of the disclosure itself.

Monthly data disclosed by logistics companies under our coverage is typically

focused on volumes. In the current inflationary environment, we view unit price

trends as an important KPI. The fact that the two trucking specialists disclose both

volume and unit pricing data is positive in terms of disclosure quality. Our initial

impression of the May data released this time is also positive. We reconfirmed that

sales are tracking ahead of guidance, with daily shipment volume up 10.5% YoY and