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Shibusawa Warehouse, 17% Increase in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 Yen, This Fiscal Year to Increase Dividend

Mon May 11, 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 May 11th (14:00). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 13.0% from the previous period to 4.85 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to expand to 17.3% to 5.70 billion yen. This will be the third consecutive term of revenue growth.

At the same time, the company increased the annual dividend for the previous term from 126 yen to 128 yen (compared to 140 yen before the 4-for-1 forward stock split in the previous term), and the annual dividend for this fiscal year is 70 yen, taking into account the previous year's forward stock split, this dividend represents an actual increase of 25.0%.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 0.93 billion yen, an 11.1% decrease compared to the same period last year. However, the operating profit margin remained almost flat, changing from 4.7% in the same period last year to 4.9%.

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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, 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 79,740 4,097 4,858 6,333 111.7 56 May 11, 2026 J-GAAP
YoY +1.4% -12.2% -13.0% +29.0% +32.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 80,000 4,200 5,100 6,100 107.1 54 Dec 18, 2025 J-GAAP
Mar, 2026 Results 79,740 4,097 4,858 6,333 111.7 56 May 11, 2026 J-GAAP
Revision Rate -0.3% -2.5% -4.7% +3.8% +4.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 40,045 2,178 2,680 3,285 57.5 24 Nov 7, 2025 J-GAAP
Apr - Sep, 2026 Guidance 42,000 2,500 3,100 4,600 80.8 35 May 11, 2026 J-GAAP
YoY +4.9% +14.8% +15.7% +40.0% +40.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 78,620 4,668 5,583 4,908 84.3 35 May 12, 2025 J-GAAP
Mar, 2026 79,740 4,097 4,858 6,333 111.7 56 May 11, 2026 J-GAAP
Mar, 2027 Guidance 83,000 5,000 5,700 6,500 114.2 70 May 11, 2026 J-GAAP
YoY +4.1% +22.0% +17.3% +2.6% +2.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2026 19,400 945 935 301 5.3 4.9 May 11, 2026 J-GAAP
YoY +2.6% +6.3% -11.1% -61.7% -60.7%

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