Shibusawa Logistics raises full-year net income forecast, boosts dividend

Shibusawa Logistics Corporation announced revisions to its full-year consolidated financial forecast and dividend forecast for the fiscal year ending March 2026. The company now expects net income attributable to owners of parent to be JPY 6,100 million, an increase of JPY 600 million from the previously announced JPY 5,500 million. This upward revision is primarily due to a JPY 2,658 million gain on the sale of investment securities, recorded as extraordinary income in Q3. Operating revenue, operating profit, and ordinary profit remain unchanged from the prior forecast at JPY 80,000 million, JPY 4,200 million, and JPY 5,100 million, respectively.

In tandem with the improved earnings forecast, Shibusawa Logistics has revised its year-end dividend forecast, raising it from JPY 24.00 to JPY 30.00 per share, an increase of JPY 6.00. This brings the total annual dividend to JPY 54.00 per share. The company attributes this to its progressive dividend policy, which targets a minimum payout ratio of 50%, aligning with increased net income and a commitment to shareholder returns.