Shibusawa Logistics lifts earnings and dividends despite profit margin squeeze
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Shibusawa Warehouse Co., Ltd. reported a 1.4% increase in operating revenues to ¥79.7 billion for the fiscal year ending March 31, 2026, despite a decline in operating and ordinary profits due to margin pressure. Profit attributable to owners rose 29% to ¥6.3 billion, leading to a higher dividend payout ratio above 50%. The company forecasts further revenue growth and profit recovery for the fiscal year ending March 31, 2027, indicating confidence in logistics demand and a focus on shareholder value.
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