Announcement • May 22
Shibusawa Logistics Corporation (TSE:9304) announces an Equity Buyback for 1,600,000 shares, representing 2.77% for ¥2,800 million. Shibusawa Logistics Corporation (TSE:9304) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 2.77% of its issued share capital, for ¥2,800 million. The purpose of the program is to improve capital efficiency and return profits to shareholders. Repurchased shares will be cancelled. The program will expire on October 30, 2026. As of April 30, 2026, the company had 57,855,127 shares (excluding treasury stock) and 3,015,861 shares in treasury. Reported Earnings • May 12
Full year 2026 earnings released: EPS: JP¥112 (vs JP¥84.30 in FY 2025) Full year 2026 results: EPS: JP¥112 (up from JP¥84.30 in FY 2025). Revenue: JP¥79.7b (up 1.4% from FY 2025). Net income: JP¥6.33b (up 29% from FY 2025). Profit margin: 7.9% (up from 6.2% in FY 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Shibusawa Logistics Corporation, Annual General Meeting, Jun 26, 2026 Shibusawa Logistics Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 10
Shibusawa Logistics Corporation to Report Fiscal Year 2026 Results on May 11, 2026 Shibusawa Logistics Corporation announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥48.91 (vs JP¥25.55 in 3Q 2025) Third quarter 2026 results: EPS: JP¥48.91 (up from JP¥25.55 in 3Q 2025). Revenue: JP¥20.3b (flat on 3Q 2025). Net income: JP¥2.75b (up 86% from 3Q 2025). Profit margin: 14% (up from 7.3% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 02
Shibusawa Logistics Corporation to Report Q3, 2026 Results on Feb 09, 2026 Shibusawa Logistics Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Declared Dividend • Dec 02
First half dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 30th March 2026 Payment date: 2nd June 2026 Dividend yield will be 10%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (293% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: JP¥20.0b (flat on 2Q 2025). Net income: JP¥1.47b (up 45% from 2Q 2025). Profit margin: 7.3% (up from 5.0% in 2Q 2025). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Announcement • Sep 01
Shibusawa Logistics Corporation to Report Q2, 2026 Results on Nov 07, 2025 Shibusawa Logistics Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Board Change • Aug 13
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Masashi Shishinome was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥126 (vs JP¥110 in 1Q 2025) First quarter 2026 results: EPS: JP¥126 (up from JP¥110 in 1Q 2025). Revenue: JP¥20.0b (up 2.8% from 1Q 2025). Net income: JP¥1.82b (up 12% from 1Q 2025). Profit margin: 9.1% (up from 8.4% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Aug 08
Shibusawa Logistics Corporation (TSE:9304) announces an Equity Buyback for 360,000 shares, representing 2.49% for ¥1,593 million. Shibusawa Logistics Corporation (TSE:9304) announces a share repurchase program. Under the program, the company will repurchase up to 360,000 shares, representing 2.49% of its issued share capital, for ¥1,593 million. The repurchase price will be ¥4,425 per share. The purpose of the program is to improve capital efficiency and return profits to shareholders. The program will expire on August 8, 2025. As of July 31, 2025, the company had 14,474,359 shares (excluding treasury stock) and 743,388 shares in treasury. Declared Dividend • Jul 09
Final dividend increased to JP¥90.00 Dividend of JP¥90.00 is 50% higher than last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
Shibusawa Logistics Corporation to Report Q1, 2026 Results on Aug 07, 2025 Shibusawa Logistics Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 13
Full year 2025 earnings released: EPS: JP¥337 (vs JP¥246 in FY 2024) Full year 2025 results: EPS: JP¥337 (up from JP¥246 in FY 2024). Revenue: JP¥78.6b (up 7.1% from FY 2024). Net income: JP¥4.91b (up 32% from FY 2024). Profit margin: 6.2% (up from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,675, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Logistics industry in Japan. Total returns to shareholders of 82% over the past three years. Announcement • Mar 28
Shibusawa Logistics Corporation to Report Fiscal Year 2025 Results on May 12, 2025 Shibusawa Logistics Corporation announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥102 (vs JP¥65.72 in 3Q 2024) Third quarter 2025 results: EPS: JP¥102 (up from JP¥65.72 in 3Q 2024). Revenue: JP¥20.1b (up 6.7% from 3Q 2024). Net income: JP¥1.48b (up 48% from 3Q 2024). Profit margin: 7.3% (up from 5.3% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Dec 04
The Shibusawa Warehouse Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 The Shibusawa Warehouse Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥69.87 (vs JP¥59.20 in 2Q 2024) Second quarter 2025 results: EPS: JP¥69.87 (up from JP¥59.20 in 2Q 2024). Revenue: JP¥20.1b (up 7.5% from 2Q 2024). Net income: JP¥1.02b (up 13% from 2Q 2024). Profit margin: 5.0% (up from 4.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Nov 07
The Shibusawa Warehouse Co., Ltd. (TSE:9304) announces an Equity Buyback for 100,000 shares, representing 0.69% for ¥319.5 million. The Shibusawa Warehouse Co., Ltd. (TSE:9304) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.69% of its issued share capital, for ¥319.5 million. The repurchase price will be ¥ 3,195 per share. The purpose of the program is to improve capital efficiency and return profits to shareholders. As of October 31, 2024, the company had 14,544,359 shares (excluding treasury stock) and 673,388 shares in treasury. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.2%). New Risk • Sep 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Sep 04
The Shibusawa Warehouse Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 The Shibusawa Warehouse Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Announcement • Jun 28
The Shibusawa Warehouse Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 The Shibusawa Warehouse Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥246 (vs JP¥248 in FY 2023) Full year 2024 results: EPS: JP¥246 (down from JP¥248 in FY 2023). Revenue: JP¥73.4b (down 6.5% from FY 2023). Net income: JP¥3.73b (flat on FY 2023). Profit margin: 5.1% (up from 4.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
The Shibusawa Warehouse Co., Ltd., Annual General Meeting, Jun 27, 2024 The Shibusawa Warehouse Co., Ltd., Annual General Meeting, Jun 27, 2024. Announcement • May 11
The Shibusawa Warehouse Co., Ltd. (TSE:9304) announces an Equity Buyback for 685,000 shares, representing 4.51% for ¥2,116.65 million. Cerespo Co., Ltd. (TSE:9625) announces a share repurchase program. Under the program, the company will repurchase up to 685,000 shares, representing 4.51% of its issued share capital, for ¥2,116.65 million. The repurchase price will be ¥ 3,090 per share. The purpose of the program is to improve capital efficiency and return profits to shareholders. As of April 30, 2024, the company had 15,204,388 shares (excluding treasury stock) and 13,359 shares in treasury. Announcement • Mar 29
The Shibusawa Warehouse Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 The Shibusawa Warehouse Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥65.72 (vs JP¥77.03 in 3Q 2023) Third quarter 2024 results: EPS: JP¥65.72 (down from JP¥77.03 in 3Q 2023). Revenue: JP¥18.9b (down 9.5% from 3Q 2023). Net income: JP¥996.0m (down 15% from 3Q 2023). Profit margin: 5.3% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Announcement • Jan 14
The Shibusawa Warehouse Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 The Shibusawa Warehouse Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥59.19 (vs JP¥88.79 in 2Q 2023) Second quarter 2024 results: EPS: JP¥59.19 (down from JP¥88.79 in 2Q 2023). Revenue: JP¥18.7b (down 9.6% from 2Q 2023). Net income: JP¥897.0m (down 33% from 2Q 2023). Profit margin: 4.8% (down from 6.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 28
Now 20% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥3,855, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 23%. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥45.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.6%). Announcement • Aug 27
The Shibusawa Warehouse Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 The Shibusawa Warehouse Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥56.43 (vs JP¥70.97 in 1Q 2023) First quarter 2024 results: EPS: JP¥56.43 (down from JP¥70.97 in 1Q 2023). Revenue: JP¥18.4b (down 1.4% from 1Q 2023). Net income: JP¥855.0m (down 21% from 1Q 2023). Profit margin: 4.7% (down from 5.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
The Shibusawa Warehouse Co., Ltd. to Report Q1, 2024 Results on Aug 07, 2023 The Shibusawa Warehouse Co., Ltd. announced that they will report Q1, 2024 results on Aug 07, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥248 (vs JP¥346 in FY 2022) Full year 2023 results: EPS: JP¥248 (down from JP¥346 in FY 2022). Revenue: JP¥78.5b (up 9.4% from FY 2022). Net income: JP¥3.76b (down 28% from FY 2022). Profit margin: 4.8% (down from 7.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 14
The Shibusawa Warehouse Co., Ltd., Annual General Meeting, Jun 29, 2023 The Shibusawa Warehouse Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥77.02 (vs JP¥59.39 in 3Q 2022) Third quarter 2023 results: EPS: JP¥77.02 (up from JP¥59.39 in 3Q 2022). Revenue: JP¥20.8b (up 13% from 3Q 2022). Net income: JP¥1.17b (up 29% from 3Q 2022). Profit margin: 5.6% (up from 4.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
The Shibusawa Warehouse Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 The Shibusawa Warehouse Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. No independent directors (9 non-independent directors). External Director Reiji Tsuboi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥88.79 (vs JP¥55.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥88.79 (up from JP¥55.84 in 2Q 2022). Revenue: JP¥20.7b (up 16% from 2Q 2022). Net income: JP¥1.35b (up 59% from 2Q 2022). Profit margin: 6.5% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.8%). Announcement • Sep 15
The Shibusawa Warehouse Co., Ltd. to Report Q2, 2023 Results on Nov 07, 2022 The Shibusawa Warehouse Co., Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Buying Opportunity • Aug 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.3%. The fair value is estimated to be JP¥2,669, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥70.97 (vs JP¥58.41 in 1Q 2022) First quarter 2023 results: EPS: JP¥70.97 (up from JP¥58.41 in 1Q 2022). Revenue: JP¥18.6b (up 7.1% from 1Q 2022). Net income: JP¥1.08b (up 22% from 1Q 2022). Profit margin: 5.8% (up from 5.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
The Shibusawa Warehouse Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 The Shibusawa Warehouse Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥346 (vs JP¥181 in FY 2021) Full year 2022 results: EPS: JP¥346 (up from JP¥181 in FY 2021). Revenue: JP¥71.7b (up 9.8% from FY 2021). Net income: JP¥5.26b (up 91% from FY 2021). Profit margin: 7.3% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 14
The Shibusawa Warehouse Co., Ltd., Annual General Meeting, Jun 29, 2022 The Shibusawa Warehouse Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 7 highly experienced directors. No independent directors (9 non-independent directors). External Director Reiji Tsuboi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
The Shibusawa Warehouse Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 The Shibusawa Warehouse Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.4%). Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥59.39 (up from JP¥52.49 in 3Q 2021). Revenue: JP¥18.4b (up 12% from 3Q 2021). Net income: JP¥903.0m (up 13% from 3Q 2021). Profit margin: 4.9% (up from 4.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥55.84 (vs JP¥50.65 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥17.8b (up 7.1% from 2Q 2021). Net income: JP¥849.0m (up 10% from 2Q 2021). Profit margin: 4.8% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥58.40 (vs JP¥54.99 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥17.4b (up 8.1% from 1Q 2021). Net income: JP¥888.0m (up 6.2% from 1Q 2021). Profit margin: 5.1% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥181 (vs JP¥185 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥65.3b (down 2.2% from FY 2020). Net income: JP¥2.75b (down 2.3% from FY 2020). Profit margin: 4.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Announcement • Mar 04
The Shibusawa Warehouse Co., Ltd. to Report Fiscal Year 2021 Results on May 11, 2021 The Shibusawa Warehouse Co., Ltd. announced that they will report fiscal year 2021 results on May 11, 2021 Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥52.48 (vs JP¥49.33 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥16.5b (down 2.2% from 3Q 2020). Net income: JP¥798.0m (up 6.4% from 3Q 2020). Profit margin: 4.8% (up from 4.5% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 05
The Shibusawa Warehouse Co., Ltd. to Report Q3, 2021 Results on Feb 08, 2021 The Shibusawa Warehouse Co., Ltd. announced that they will report Q3, 2021 results on Feb 08, 2021 Announcement • Oct 03
The Shibusawa Warehouse Co., Ltd. (TSE:9304) acquired an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company. The Shibusawa Warehouse Co., Ltd. (TSE:9304) acquired an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company on September 22, 2020. As a result of the transaction, The Shibusawa Warehouse Co., Ltd. is increasing its stake from 51% to 90% in Shibusawa Logistics Vietnam Co., Ltd. whereas stake of Tran Logistics And Transportation Joint Stock Company will reduce to 10%.
The Shibusawa Warehouse Co., Ltd. (TSE:9304) completed the acquisition of an additional 39% stake in Shibusawa Logistics Vietnam Co., Ltd. from Tran Logistics And Transportation Joint Stock Company on September 22, 2020. Announcement • Sep 04
The Shibusawa Warehouse Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 The Shibusawa Warehouse Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020