kabutan

The Shibusawa Warehouse Co.,Ltd., First Half Ordinary Profit Increases by 19%, July-September Ordinary Profit Increases by 9%

Thu Nov 7, 2024 3:30 pm JST Earnings

9304 Shibusawa Logistics Corporation 【J-GAAP】

Earnings Report

The Shibusawa Warehouse Co.,Ltd. <9304> [TSE-P] announced its financial results after the market closed on November 7th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 18.9% from the same period last year, reaching 3.13 billion yen. The progress rate against the 5.4 billion yen full-year plan was 58.0%, also surpassing the five-year average of 51.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 7.7% from the same period last year to 2.26 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 8.6% from the same period last year, reaching 1.44 billion yen. The operating profit margin improved from 6.4% in the same period last year to 7.0%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 39,357 2,454 3,051 2,426 40.0 52.2 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 37,094 2,148 2,634 1,752 28.9 51.7 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 39,589 2,678 3,131 2,645 45.1 58.0 Nov 7, 2024 J-GAAP
YoY +6.7% +24.7% +18.9% +51.0% +55.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 39,000 2,700 3,100 2,700 46.6 15 Oct 15, 2024 J-GAAP
Apr - Sep, 2024 Results 39,589 2,678 3,131 2,645 45.1 15 Nov 7, 2024 J-GAAP
Revision Rate +1.5% -0.8% +1.0% -2.0% -3.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 36,323 2,123 2,457 1,976 32.6 13.75 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 38,411 2,022 2,269 1,855 32.2 15 Nov 7, 2024 J-GAAP
YoY +5.7% -4.8% -7.7% -6.1% -1.2%

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 62.0 21.25 May 12, 2023 J-GAAP
Mar, 2024 73,417 4,271 5,091 3,728 61.5 25 May 10, 2024 J-GAAP
Mar, 2025 Guidance 78,000 4,700 5,400 4,500 78.2 30 Oct 15, 2024 J-GAAP
YoY +6.2% +10.0% +6.1% +20.7% +27.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 18,713 1,196 1,327 897 14.8 6.4 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 18,867 1,258 1,488 996 16.4 6.7 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 17,456 865 969 980 16.2 5.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 19,470 1,263 1,690 1,629 27.5 6.5 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 20,119 1,415 1,441 1,016 17.3 7.0 Nov 7, 2024 J-GAAP
YoY +7.5% +18.3% +8.6% +13.3% +16.9%

Related Articles