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Shibusawa Warehouse, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 13%, Oct-Dec Ordinary Profit Decreases by 11%

Mon Feb 9, 2026 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 February 9th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 13.4% from the same period last year to 3.92 billion yen. However, Progress toward the full-year plan of 5.10 billion yen was 76.9%, almost the same as the five-year average of 77.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 11.9% from the same period last year, reaching 1.17 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 1.24 billion yen, an 11.2% decrease compared to the same period last year. The operating profit margin worsened from 5.5% in the same period last year to 4.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 55,961 3,406 4,122 2,748 45.3 81.0 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 59,712 3,779 4,531 4,122 70.6 81.2 Feb 12, 2025 J-GAAP
Apr - Dec, 2025 60,340 3,152 3,923 6,032 106.2 76.9 Feb 9, 2026 J-GAAP
YoY +1.1% -16.6% -13.4% +46.3% +50.4%

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%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 20,023 1,167 1,235 1,468 25.7 5.8 Nov 7, 2025 J-GAAP
Oct - Dec, 2025 20,295 974 1,243 2,747 48.4 4.8 Feb 9, 2026 J-GAAP
YoY +0.9% -11.5% -11.2% +86.0% +91.2%

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