The Sumitomo Warehouse (9303) Q1 2025 earnings summary

Executive summary

• Operating revenue for the quarter ended June 30, 2024, was ¥46,396 million, a slight decrease of 0.6% year-over-year.

• Operating profit declined 4.4% year-over-year to ¥3,194 million.

• Profit attributable to owners of parent dropped 7.0% year-over-year to ¥3,273 million.

• Comprehensive income fell sharply by 68.5% year-over-year to ¥5,920 million.

Financial highlights

• Ordinary profit was ¥5,114 million, down 0.9% year-over-year.

• Basic earnings per share for the quarter was ¥41.66, compared to ¥44.32 in the prior year.

• Total assets as of June 30, 2024, were ¥436,187 million, slightly down from March 31, 2024.

• Net assets increased to ¥265,637 million from ¥264,804 million at the previous fiscal year-end.

Outlook and guidance

• Full-year operating revenue forecast for fiscal year ending March 31, 2025, is ¥192,000 million, up 4.0% year-over-year.

• Operating profit is projected at ¥13,500 million, a 2.4% increase year-over-year.

• Profit attributable to owners of parent is forecast at ¥12,500 million, up 0.1% year-over-year.

• Annual dividend forecast remains unchanged at ¥101.00 per share.