Shibusawa Logistics Raises FY2027 Earnings Forecast 10.8%, Boosts Dividend 28.6%
Shibusawa Logistics Corporation (TSE:9304) raised its full-year earnings and dividend guidance for the fiscal year ending March 2027, citing stronger-than-expected operational performance and the consolidation of a newly acquired subsidiary.
| Item | Before | After | Change |
|---|---|---|---|
| 営業収益 | JPY 42.0bn | JPY 44.0bn | +4.8% |
| Operating Profit | JPY 2.50bn | JPY 2.80bn | +12.0% |
| Ordinary Income | JPY 3.10bn | JPY 3.40bn | +9.7% |
| 親会社株主に帰属する中間純利益 | JPY 4.60bn | JPY 4.80bn | +4.3% |
| １株当たり中間純利益 | JPY 83M | JPY 85M | +3.1% |
For the full fiscal year, the company now projects net profit of JPY 7.2bn, up 10.8% from JPY 6.5bn previously, and earnings per share of JPY 128.87, versus JPY 116.30 forecast earlier. The revision reflects the full-year consolidation of Shibusawa World Transport following its acquisition as a wholly-owned subsidiary in the second quarter, combined with higher-than-anticipated volumes in existing logistics operations, new medical device handling contracts, improved facility utilization rates, and pricing optimization initiatives. The company also accelerated the sale of strategic shareholdings in line with its portfolio reduction policy.
Shibusawa Logistics raised its full-year dividend to JPY 90 per share from JPY 70, comprising JPY 80 in ordinary dividends and JPY 10 in commemorative special dividends marking the company’s 130th anniversary in March 2027. The 28.6% dividend increase reflects management’s commitment to a progressive dividend policy with a payout ratio exceeding 50%, while maintaining capacity for growth investments. The upward revisions underscore improved operational efficiency and cash generation, though investors should note that the commemorative component is non-recurring.
Source: Original filing (TDnet) | 日本語版
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