The Sumitomo Warehouse (9303) Q1 2026 earnings summary

Executive summary

• Operating revenue for the three months ended June 30, 2025 rose 3.2% year-over-year to ¥47,875 million, driven by higher harbor and international transportation income.

• Operating profit declined 14.3% year-over-year to ¥2,739 million due to increased personnel expenses, depreciation, and taxes.

• Ordinary profit fell 7.0% year-over-year to ¥4,756 million, and profit attributable to owners of parent decreased 3.6% to ¥3,155 million.

• Comprehensive income increased 6.0% year-over-year to ¥6,274 million, supported by gains in valuation difference on available-for-sale securities.

Financial highlights

• Basic earnings per share for the quarter was ¥40.92, compared to ¥41.66 a year earlier.

• Equity-to-asset ratio improved slightly to 60.2% from 60.0% at the previous fiscal year-end.

• Net cash provided by operating activities was ¥6,730 million, up from ¥5,089 million in the prior year.

• Net cash used in investing activities increased to ¥5,530 million, mainly for property, plant, and equipment purchases.

• Net cash used in financing activities was ¥5,738 million, primarily due to dividend payments and treasury share purchases.

Outlook and guidance

• Full-year operating revenue forecast is ¥197,000 million (up 1.9% year-over-year), with operating profit expected at ¥12,000 million (down 9.6%).

• Profit attributable to owners of parent is forecast at ¥17,400 million (down 13.3% year-over-year).

• Interim and full-year dividend forecasts are unchanged at ¥51.50 and ¥103.00 per share, respectively.

• No revisions to previously announced earnings forecasts.