The Sumitomo Warehouse (9303) Q3 2026 earnings summary

Executive summary

• Operating revenue for the nine months ended December 31, 2025, rose 2.1% year-over-year to ¥146,780 million, driven by higher warehouse and harbor transportation income.

• Operating profit declined 15.4% year-over-year to ¥8,565 million due to increased personnel expenses, depreciation, and real estate acquisition tax.

• Ordinary profit decreased 9.4% year-over-year to ¥12,874 million, while profit attributable to owners of parent increased 12.6% to ¥10,447 million, aided by a gain on sale of investment securities.

• Comprehensive income surged 343.1% year-over-year to ¥44,219 million, mainly from valuation gains on available-for-sale securities.

Financial highlights

• Basic earnings per share for the nine months was ¥136.32, up from ¥118.65 year-over-year.

• Total assets increased to ¥494,402 million as of December 31, 2025, up 12.4% from March 31, 2025.

• Net assets rose to ¥306,614 million, with an equity-to-asset ratio of 59.8%.

• Net cash provided by operating activities was ¥18,157 million; net cash used in investing activities was ¥22,451 million; net cash used in financing activities was ¥5,636 million.

• Cash and cash equivalents at period end totaled ¥34,723 million.

Outlook and guidance

• Full-year consolidated forecasts for FY2025 (ending March 31, 2026) are maintained: operating revenue ¥197,000 million (+1.9% YoY), operating profit ¥12,000 million (–9.6% YoY), ordinary profit ¥16,300 million (–6.8% YoY), profit attributable to owners of parent ¥17,400 million (+13.3% YoY), and basic EPS ¥226.83.

• Annual dividend forecast is ¥103.00 per share, unchanged from the previous year.