Sumitomo Warehouse Q2 net income surges, full-year outlook maintained

Sumitomo Warehouse Co. reported consolidated operating revenue of 96,690 million yen for the six months ended September 30, 2025, a 1.5% increase year-on-year, with profit attributable to owners of parent surging by 33.8% to 6,900 million yen. This increase was primarily due to gains from the sale of investment securities. Despite the revenue growth, operating profit decreased by 14.8% to 5,424 million yen, and ordinary profit fell by 7.5% to 7,654 million yen.

The logistics business saw a 1.7% rise in operating revenue to 91,605 million yen, benefiting from increased warehouse and harbor transportation income, while the real estate business experienced a 1.9% decline to 5,378 million yen, partly due to tenant departures related to the "Naniwasuji Line Project." Total assets grew by 5.1% to 462,132 million yen, driven by an increase in investment securities.

The company plans an interim dividend of 51.50 yen per share, consistent with its full-year forecast of 103.00 yen, and has maintained its full-year consolidated earnings forecast, projecting 197,000 million yen in operating revenue and 17,400 million yen in profit attributable to owners of parent. Additionally, Sumitomo Warehouse acquired 952,400 treasury shares for 2,917 million yen during the period, with all acquired shares scheduled for retirement by March 31, 2026.