The Sumitomo Warehouse (9303) Q2 2026 earnings summary

Executive summary

• Operating revenue for the six months ended September 30, 2025, rose 1.5% year-on-year to ¥96,690 million, driven by higher warehouse and harbor transportation income.

• Operating profit declined 14.8% year-on-year to ¥5,424 million due to increased personnel expenses, depreciation, and taxes.

• Profit attributable to owners of parent surged 33.8% year-on-year to ¥6,900 million, mainly from a gain on sale of investment securities.

• Comprehensive income jumped to ¥21,561 million, up 458.4% year-on-year, reflecting significant valuation gains on available-for-sale securities.

Financial highlights

• Basic earnings per share increased to ¥89.79 from ¥65.83 year-on-year.

• Equity-to-asset ratio remained stable at 60.1%.

• Total assets grew 5.1% from March 31, 2025, to ¥462,132 million, mainly due to higher investment securities.

• Net assets rose 5.3% to ¥288,654 million, supported by valuation gains on securities.

Outlook and guidance

• Full-year operating revenue forecast maintained at ¥197,000 million, up 1.9% year-on-year.

• Operating profit for the year ending March 31, 2026, projected at ¥12,000 million, down 9.6% year-on-year.

• Profit attributable to owners of parent forecast to rise 13.3% to ¥17,400 million.

• Annual dividend forecast unchanged at ¥103.00 per share.