The Shibusawa Warehouse Co.,Ltd., First Half Ordinary Profit Revised Upward by 7%, Highest in Two Terms, Full Year also Increased, Dividend Revised Upward by 10 yen

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Tue Oct 15, 2024 1:00 pm JST Revision

9304 The Shibusawa Warehouse Co.,Ltd. 【J-GAAP】

Guidance Update Report

The Shibusawa Warehouse Co.,Ltd. <9304> [TSE-P] announced a revision to its performance and dividend in the afternoon session on October 15th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 6.9%, from the previous forecast of 2.9 billion yen to 3.1 billion yen (compared to 2.63 billion yen in the same period of the previous year), increasing the growth rate from 10.1% to 17.7%, reaches new record high for the first time in two terms.

Following the strong performance in the first half, the full-year consolidated ordinary profit has been revised upward by 1.9%, from the previous forecast of 5.3 billion yen to 5.4 billion yen (compared to 5.09 billion yen in the previous period), increasing the growth rate from 4.1% to 6.1%.

At the same time, the dividend for the first half of this fiscal year has been increased from the original plan of 55 yen to 60 yen, and the dividend for the second half has also been revised upwards from the original plan of 55 yen to 60 yen. The annual dividend will be 120 yen (compared to 100 yen in the previous period).

Kabutan News

Guidance Update

First Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	39,000	2,500	2,900	2,100	144.9	55	May 10, 2024	J-GAAP
Apr - Sep, 2024 New	39,000	2,700	3,100	2,700	186.3	60	Oct 15, 2024	J-GAAP
Revision Rate	0.0%	+8.0%	+6.9%	+28.6%	+28.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	78,000	4,700	5,300	4,100	284.8	110	May 10, 2024	J-GAAP
Mar, 2025 New	78,000	4,700	5,400	4,500	312.6	120	Oct 15, 2024	J-GAAP
Revision Rate	0.0%	0.0%	+1.9%	+9.8%	+9.8%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	37,094	2,148	2,634	1,752	115.7	45	Nov 7, 2023	J-GAAP
Apr - Sep, 2024 Guidance	39,000	2,700	3,100	2,700	186.3	60	Oct 15, 2024	J-GAAP
YoY	+5.1%	+25.7%	+17.7%	+54.1%	+61.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	78,504	4,894	5,847	3,759	247.8	85	May 12, 2023	J-GAAP
Mar, 2024	73,417	4,271	5,091	3,728	246.1	100	May 10, 2024	J-GAAP
Mar, 2025 Guidance	78,000	4,700	5,400	4,500	312.6	120	Oct 15, 2024	J-GAAP
YoY	+6.2%	+10.0%	+6.1%	+20.7%	+27.0%