Shibasawa Warehouse Co., Ltd. <9304> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24). Operating revenue increased by 6.7% year-on-year to 39.589 billion yen, operating profit increased by 24.7% to 2.678 billion yen, ordinary profit increased by 18.9% to 3.131 billion yen, and net income attributable to the parent company's shareholders increased by 51.0% to 2.645 billion yen.

The operating revenue of the logistics business increased by 6.8% year-on-year to 36.567 billion yen, with an operating profit of 2.12 billion yen, up 29.2% from the previous year. Although the handling of daily necessities and machinery components in warehouse and land transportation services was sluggish, the beverage and in-house logistics outsourcing businesses that started in the previous period performed well. In addition, the handling of new dangerous goods and pharmaceuticals contributed, and the handling of onboard cargo handling services increased. The handling of international transportation services decreased due to a decline in sea freight rates, as well as a decrease in seaborne and export air cargo. In beverage logistics and multi-item small-lot logistics, efforts were made to increase handling volume through the expansion of facilities, promote operational efficiency through the introduction of advanced logistics equipment, and improve profitability.

The operating revenue of the real estate business increased by 8.3% year-on-year to 3.243 billion yen, with an operating profit of 1.721 billion yen, up 14.5% from the previous year. In addition to real estate rental income and ancillary income such as air conditioning usage fees due to improved facility occupancy rates, there was an increase in building construction outsourcing business. Planned maintenance and improvement work was carried out on existing facilities to enhance the value of existing assets, and efforts were made to stabilize and strengthen the revenue base through the collection of appropriate fees.

The consolidated performance forecast for the full fiscal year ending March 2025 remains unchanged from the revised plan announced on October 15, with operating revenue expected to increase by 6.2% to 78 billion yen, operating profit by 10.0% to 4.7 billion yen, ordinary profit by 6.1% to 5.4 billion yen, and net income attributable to the parent company's shareholders by 20.7% to 4.5 billion yen.