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Shibusawa Warehouse, Net Income Forecast for the Fiscal Year Revised Upward by 11%, Exceeded Record Profit Forecast, Dividend Revised Upward by 6 Yen

Thu Dec 18, 2025 12:00 pm JST Revision

9304 Shibusawa Logistics Corporation 【J-GAAP】

Guidance Update Report

Shibusawa Logistics Corporation <9304> [TSE Prime] announced a revision to its performance and dividend at noon (12:00) on December 18th. The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 10.9%, from the previous forecast of 5.50 billion yen to 6.10 billion yen (compared to 4.90 billion yen in the previous period), increasing the growth rate from 12.1% to 24.3%. The company has further increased its previous forecast of record profits for the first time in four years.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 27.1%, from the previous forecast of 2.21 billion yen to 2.81 billion yen (compared to 2.26 billion yen in the same period of the previous year), turning to a 24.4% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 120 yen to 126 yen (compared to 140 yen before the 4-for-1 forward stock split 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, 2025 Prev 39,955 2,022 2,420 2,215 39.4 24 Nov 7, 2025 J-GAAP
Oct - Mar, 2025 New 39,955 2,022 2,420 2,815 50.1 30 Dec 18, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +27.1% +27.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 80,000 4,200 5,100 5,500 97.9 48 Nov 7, 2025 J-GAAP
Mar, 2026 New 80,000 4,200 5,100 6,100 108.6 54 Dec 18, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +10.9% +10.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 39,031 1,990 2,452 2,263 38.9 20 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 39,955 2,022 2,420 2,815 50.1 30 Dec 18, 2025 J-GAAP
YoY +2.4% +1.6% -1.3% +24.4% +28.9%

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 80,000 4,200 5,100 6,100 108.6 54 Dec 18, 2025 J-GAAP
YoY +1.8% -10.0% -8.7% +24.3% +28.8%

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