Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Shimizu Corporation
  6. News
  7. Summary
    1803   JP3358800005

SHIMIZU CORPORATION

(1803)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Shimizu : Develops a Logistics Facility Near Fukuoka Airport

07/19/2021 | 08:12am EDT

Shimizu Corporation (President: Kazuyuki Inoue) will begin development of S.LOGi Fukuoka Airport as an international logistics base for an investment of around 3 billion yen. The facility is part of an investment and development project of land near the airport owned by Shimizu (5,575 m2 at Hakata, Fukuoka Prefecture). The ground-breaking ceremony will be held tomorrow on June 18. The entire facility will be leased to Nishi-Nippon Railroad Co., Ltd. after it is completed in August 2022.

Fukuoka Airport plans to increase the number of flights to and from Southeast Asia and various cities in China and airfreight forwarders* want a logistics facility near the airport. The intentions of the freight-forwarding division of Nishi-Nippon Railroad Co., Ltd., a major player Japan, aligned with the planned redevelopment of the site Shimizu owns near the airport, in light of this environment. Shimizu will therefore develop a Built-to-Suit warehouse the specifications desired by Nishi-Nippon Railroad and lease the entire facility to the company.

The construction site is in a perfect location for forwarders, located about 850 m from the airport and around 500 m from the Hanmichibashi Inter-Change on the Fukuoka Urban Expressway loop, in direct distance. S.LOGi Fukuoka Airport, which we are beginning construction on, will be a four-floor facility with a total floor area of 11,558 m2 and maximum storage space of 2,500 m2 on each floor. Half of the third floor will also be equipped with temperature control functions that will make it possible to stock perishable items. We think this will contribute to the business of Nishi-Nippon Railroad since it will fulfill the three major conditions desired by airfreight forwarders: 1) proximity to the airport, 2) capable of 24-hour operation, and 3) BTS warehouse (including a bonded warehouse function). In a comment on leasing the entire facility of S.LOGi Fukuoka Airport, Nishi-Nippon Railroad Co., Ltd. commented, 'We want to expand our freight forwarding business and contribute to the growth of Kyushu by establishing an international logistics base located close to Fukuoka Airport.'

Shimizu has operated a logistics facility leasing business focused on multi-purpose use and flexible design capable of meeting the needs of tenant companies in the Greater Tokyo Area since it named the S.LOGi series in 2007. We have developed seven logistics facilities having close to 300,000 m2 in total space in five locations along the Metropolitan Intercity Expressway Network and the Outer Ring Expressway thus far and all of the properties are occupied full. The current changes in Japanese consumer purchasing styles and increase in the number of companies targeting 3PL (third-party logistics) has resulted in strong demand for logistics facilities in major Japanese cities, in addition to the Greater Tokyo Area. Shimizu will continue to invest in and develop logistics facilities in Japan, in light of this demand.

Contact:

Phone: 65-6220-0406

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NISHI-NIPPON RAILROAD CO., LTD. 1.88% 2871 End-of-day quote.-5.71%
SHIMIZU CORPORATION 0.84% 839 End-of-day quote.11.87%
All news about SHIMIZU CORPORATION
09/02SHIMIZU : Leading European Company and Shimizu Conclude an Alliance for the Offshore Windf..
PU
08/26SHIMIZU : Develops New Technique for Curved Glass Facades ― Optimal support structur..
PU
08/24Shimizu Corporation's Equity Buyback announced on May 10, 2021, has expired with 23,148..
CI
08/23SHIMIZU : Announcement Regarding the Status and Completion of Share Buybacks
PU
08/23Tranche Update on Shimizu Corporation's Equity Buyback Plan announced on May 10, 2021.
CI
08/05SHIMIZU : Real Estate Asset Management Corp. Established
PU
07/30SHIMIZU : Consolidated Financial Report For the three months ended June 30, 2021
PU
07/30Shimizu Corporation Provides Earnings Guidance for the Fiscal Year Ending March 31, 202..
CI
07/30Shimizu Corporation Provides Dividend Guidance for the Second Quarter and Full Year of ..
CI
07/30Shimizu Corporation Reports Consolidated and Non-Consolidated Earnings Results for the ..
CI
More news
Financials
Sales 2022 1 571 B 14 179 M 14 179 M
Net income 2022 64 262 M 580 M 580 M
Net Debt 2022 240 B 2 170 M 2 170 M
P/E ratio 2022 9,70x
Yield 2022 3,13%
Capitalization 621 B 5 606 M 5 602 M
EV / Sales 2022 0,55x
EV / Sales 2023 0,57x
Nbr of Employees 14 278
Free-Float 74,2%
Chart SHIMIZU CORPORATION
Duration : Period :
Shimizu Corporation Technical Analysis Chart | 1803 | JP3358800005 | MarketScreener
Technical analysis trends SHIMIZU CORPORATION
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 839,00 JPY
Average target price 887,14 JPY
Spread / Average Target 5,74%
EPS Revisions
Managers and Directors
Kazuyuki Inoue Executive President & Representative Director
Masakazu Hyodo Head-Finance & Investor Relations
Yoichi Miyamoto Chairman
Yutaka Ishikawa Manager-Technology Research & Head-Technology
Kimio Handa Representative Director & Head-Administration
Sector and Competitors