kabutan

Sumitomo Warehouse, The Current Fiscal Year Ordinary Profit Revised Downward to an Unexpected 0.5% Decrease, Dividend Revised Upward by 2 yen

Fri Jan 31, 2025 1:00 pm JST Revision

9303 The Sumitomo Warehouse Co.,Ltd. 【J-GAAP】

Guidance Update Report

The Sumitomo Warehouse Co.,Ltd. <9303> [TSE Prime] announced a revision to its performance and dividend in the afternoon session on January 31st (13:00). The consolidated ordinary profit for the fiscal year ending March 2025 has decreased 1.2%, from the previous forecast of 17 billion yen to 16.8 billion yen (compared to 16.8 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 0.5% decrease in profit. However, the full-year consolidated net income has been revised upward 53.6%, from the previous forecast of 12.5 billion yen to 19.2 billion yen (compared to 12.4 billion yen in the previous period), increasing the growth rate from 0.1% to 53.7%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit has decreased 2.3%, from the previous forecast of 8.72 billion yen to 8.52 billion yen (compared to 8.42 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 3.5% to 1.1%.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 101 yen to 103 yen (compared to 101 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 96,714 7,132 8,724 7,343 95.0 50.50 Nov 7, 2024 J-GAAP
Oct - Mar, 2024 New 96,514 6,932 8,524 14,043 181.7 52.50 Jan 31, 2025 J-GAAP
Revision Rate -0.2% -2.8% -2.3% +91.2% +91.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 192,000 13,500 17,000 12,500 161.7 101 May 10, 2024 J-GAAP
Mar, 2025 New 191,800 13,300 16,800 19,200 248.4 103 Jan 31, 2025 J-GAAP
Revision Rate -0.1% -1.5% -1.2% +53.6% +53.6%

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 91,129 6,646 8,428 7,002 88.6 50.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 96,514 6,932 8,524 14,043 181.7 52.50 Jan 31, 2025 J-GAAP
YoY +5.9% +4.3% +1.1% +100.6% +105.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 223,948 26,090 29,115 22,455 281.1 100 May 12, 2023 J-GAAP
Mar, 2024 184,661 13,187 16,880 12,490 158.0 101 May 10, 2024 J-GAAP
Mar, 2025 Guidance 191,800 13,300 16,800 19,200 248.4 103 Jan 31, 2025 J-GAAP
YoY +3.9% +0.9% -0.5% +53.7% +57.2%

Related Articles