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Shibusawa Warehouse, Apr-Jun (1Q) Ordinary Profit Decreases by 14%, Revises Dividend Forecast in Conjunction with Stock Split

Thu Aug 7, 2025 2:00 pm JST Earnings

9304 Shibusawa Logistics Corporation 【J-GAAP】

Earnings Report

Shibusawa Logistics Corporation <9304> [TSE Prime] announced its financial results in the afternoon session on August 7th (14:00). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) decreased 14.5% from the same period last year to 1.44 billion yen. However, Progress toward the plan for the six months ending September (first half) of 2.70 billion yen was 53.5%, almost the same as the five-year average of 50.8%.

At the same time, due to a planned 4-for-1 forward stock split is scheduled for September 30, the the annual dividend has been revised from the original plan of 180 yen to 112.5 yen (equivalent to 180 yen before the forward stock split), but the actual dividend remains unchanged.

In the most recent three-month period, from April to June (1Q), the operating profit margin worsened from 6.5% in the same period last year to 5.0%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 18,381 952 1,307 855 14.1 49.6 Aug 7, 2023 J-GAAP
Apr - Jun, 2024 19,470 1,263 1,690 1,629 27.5 54.0 Aug 7, 2024 J-GAAP
Apr - Jun, 2025 20,022 1,011 1,445 1,817 31.6 53.5 Aug 7, 2025 J-GAAP
YoY +2.8% -20.0% -14.5% +11.5% +14.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 79,000 4,200 5,100 5,100 90.8 45 May 12, 2025 J-GAAP
Mar, 2026 New 79,000 4,200 5,100 5,100 90.8 45 Aug 7, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

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 Aug 7, 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
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
Apr - Jun, 2025 20,022 1,011 1,445 1,817 31.6 5.0 Aug 7, 2025 J-GAAP
YoY +2.8% -20.0% -14.5% +11.5% +14.8%

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