---
title: "Shibusawa Logistics lifts earnings and dividends despite profit margin squeeze"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285885157.md"
description: "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."
datetime: "2026-05-11T05:25:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285885157.md)
  - [en](https://longbridge.com/en/news/285885157.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285885157.md)
---

# Shibusawa Logistics lifts earnings and dividends despite profit margin squeeze

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An announcement from Shibusawa Warehouse Co., Ltd. ( (JP:9304) ) is now available.

Shibusawa Logistics reported a 1.4% year-on-year increase in operating revenues to ¥79.7 billion for the fiscal year ended March 31, 2026, while operating and ordinary profits declined by double digits due to margin pressure. Despite this, profit attributable to owners of the parent jumped 29% to ¥6.3 billion, lifting basic earnings per share and boosting net assets, with the equity ratio reaching 57.3%.

The company strengthened shareholder returns with a higher total dividend outlay and adjusted its dividend structure following a four-for-one stock split in October 2025, resulting in a payout ratio above 50%. For the fiscal year ending March 31, 2027, Shibusawa forecasts further growth in revenues and a strong rebound in profits, signaling confidence in demand for its logistics services and a continued focus on capital efficiency and shareholder value.

**More about Shibusawa Warehouse Co., Ltd.**

Shibusawa Logistics Corporation is a Japan-based logistics provider listed on the Tokyo Stock Exchange, operating in warehousing and transportation services. The company focuses on integrated logistics solutions and maintains a solid financial base, as reflected in its growing total assets and rising equity-to-asset ratio.

**Average Trading Volume:** 88,010

**Technical Sentiment Signal:** Buy

**Current Market Cap:** Yen77.65B

Find detailed analytics on 9304 stock on TipRanks’ Stock Analysis page.

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