Shimamura reports strong first half, raises annual dividend forecast

Shimamura reported net sales of JPY 343,577 million for the first half of the fiscal year ending February 2026, a 3.9% increase year-on-year. Operating profit rose 0.2% to JPY 31,461 million, while ordinary profit increased 1.8% to JPY 32,556 million. Profit attributable to owners of parent grew 3.6% to JPY 22,901 million. Basic earnings per share for the period were JPY 311.56, up from JPY 300.67 in the prior year.

The company's financial position also strengthened, with total assets increasing to JPY 584,637 million as of August 20, 2025, from JPY 567,144 million as of February 20, 2025. Net assets reached JPY 517,426 million, resulting in an equity-to-asset ratio of 88.5%.

For the full fiscal year ending February 2026, Shimamura forecasts net sales of JPY 692,640 million (up 4.1%), operating profit of JPY 60,690 million (up 2.4%), and ordinary profit of JPY 61,990 million (up 2.3%). Profit attributable to owners of parent is projected at JPY 42,858 million (up 2.3%), with basic earnings per share of JPY 583.07. The company also announced an increase in its annual dividend forecast to JPY 205.00 per share, up from JPY 200.00 for the fiscal year ended February 2025, with a second-quarter dividend of JPY 100.00 and a year-end forecast of JPY 105.00.