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Shibusawa Warehouse, 9% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 40 yen

Mon May 12, 2025 2:00 pm JST Earnings

9304 Shibusawa Logistics Corporation 【J-GAAP】

Earnings Report

The Shibusawa Warehouse Co.,Ltd. <9304> [TSE Prime] announced its financial results in the afternoon session on May 12th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 increased 9.7% from the previous period to 5.58 billion yen. However, for the fiscal year ending March 2026, the consolidated ordinary profit is expected to decrease by 8.7% from the previous period to 5.1 billion yen.

At the same time, the company increased the annual dividend for the previous term from 130 yen to 140 yen (compared to 100 yen in the prior term), and has decided to increase the dividend this fiscal year to 180 yen, an increase of 40 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 8.6% from the same period last year, reaching 1.05 billion yen. However, the operating profit margin remained almost flat, changing from 5.0% in the same period last year to 4.7%.

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Actual Results

Historical Performance
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 78,620 4,668 5,583 4,908 84.3 35 May 12, 2025 J-GAAP
YoY +7.1% +9.3% +9.7% +31.7% +37.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 78,500 4,700 5,500 4,800 83.4 32.50 Feb 12, 2025 J-GAAP
Mar, 2025 Results 78,620 4,668 5,583 4,908 84.3 35 May 12, 2025 J-GAAP
Revision Rate +0.2% -0.7% +1.5% +2.3% +1.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 39,589 2,678 3,131 2,645 45.1 15 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 Guidance 40,000 2,200 2,700 2,700 48.1 22.50 May 12, 2025 J-GAAP
YoY +1.0% -17.8% -13.8% +2.1% +6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 73,417 4,271 5,091 3,728 61.5 25 May 10, 2024 J-GAAP
Mar, 2025 78,620 4,668 5,583 4,908 84.3 35 May 12, 2025 J-GAAP
Mar, 2026 Guidance 79,000 4,200 5,100 5,100 90.8 45 May 12, 2025 J-GAAP
YoY +0.5% -10.0% -8.7% +3.9% +7.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 20,123 1,101 1,400 1,477 25.3 5.5 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 18,908 889 1,052 786 13.5 4.7 May 12, 2025 J-GAAP
YoY +8.3% +2.8% +8.6% -19.8% -16.5%

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