9304
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫株式会社
Warehousing & Harbor Transportation Services
Shibusawa Logistics Corporation provides logistics and warehousing services in Japan and internationally. The company provides strategic logistics services, such as warehousing and distribution processing for various types of cargo; truck transportation services, including consolidated transportation, chartered transportation, and ocean freight container transportation for customer's logistics; ocean and air import and export handling services comprising customs clearance, overland transport, and warehouse storage at departure and arrival ports and airports; document storage and trunk room storage; and moving &household goods storage. It is also involved in EC fulfillment services; customs clearance; trade/intermediary business/management/leading of real estate; packaging/indication/storage of pharmaceuticals/quasi-drugs/cosmetics and medical equipment; planning/development/sales/operation management of information systems; employment agency; and life support of non-covered long-term care insurance. The company was formerly known as The Shibusawa Warehouse Co., Ltd. and changed its name to Shibusawa Logistics Corporation in January 2025. Shibusawa Logistics Corporation was founded in 1897 and is headquartered in Koto, Japan.
Price
¥1,413
Market Cap
¥20.5B
Ent. Value
¥36.6B
Net Debt
−¥16.2B
Shares Out.
14.5M
P / E
12.7×
EV / EBIT
8.9×
P / Book
1.18×
P / NCAV
N/M
Div. Yield
6.79%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥119.3B | ¥117.4B | ¥112.8B | ¥115.8B | ¥109.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥27.9B | ¥28.9B | ¥28.5B | ¥41.4B | ¥37.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥11.3B | ¥11.8B | ¥12.5B | ¥22.3B | ¥18.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥91.4B | ¥88.5B | ¥84.3B | ¥74.4B | ¥71.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥55.8B | ¥57.5B | ¥56.1B | ¥50.3B | ¥49.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥1.2B | ¥956M | ¥971M | ¥1.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥31.7B | ¥27.8B | ¥25.4B | ¥21.3B | ¥19.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥127M | ¥75M | ¥109M | ¥100M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥50.9B | ¥52.1B | ¥50.1B | ¥58.0B | ¥55.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥22.6B | ¥16.2B | ¥16.8B | ¥23.3B | ¥15.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥10.7B | ¥4.5B | ¥4.8B | ¥6.0B | ¥5.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥1.5B | ¥834M | ¥840M | ¥932M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥28.3B | ¥35.9B | ¥33.3B | ¥34.7B | ¥39.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥16.8B | ¥25.4B | ¥22.4B | ¥24.4B | ¥30.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥1.6B | ¥2.3B | ¥2.4B | ¥2.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥3.3B | ¥2.6B | ¥1.7B | ¥1.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥68.4B | ¥65.3B | ¥62.6B | ¥57.9B | ¥53.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥7.8B | ¥7.8B | ¥7.8B | ¥7.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥6.4B | ¥6.4B | ¥6.4B | ¥6.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥46.2B | ¥42.4B | ¥39.2B | ¥36.8B | ¥34.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-2.5B | ¥-131M | ¥-134M | ¥-24M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥10.2B | ¥8.4B | ¥6.1B | ¥4.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥57.4B | ¥54.2B | ¥53.4B | ¥51.0B | ¥48.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥953M | ¥890M | ¥799M | ¥320M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥27.5B | ¥30.0B | ¥27.2B | ¥30.4B | ¥35.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-16.2B | ¥-18.2B | ¥-14.7B | ¥-8.1B | ¥-17.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-23.0B | ¥-23.2B | ¥-21.7B | ¥-16.6B | ¥-18.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-1,605 | ¥-1,427 | ¥-1,091 | ¥-1,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥3,745 | ¥3,510 | ¥3,355 | ¥3,191 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥5.7B | ¥6.3B | ¥5.8B | ¥6.7B | ¥6.0B |
| Interest Paid | — | ¥-129M | ¥-130M | ¥-150M | ¥-143M |
| Interest Received | — | ¥916M | ¥801M | ¥562M | ¥434M |
| D&A | ¥3.0B | ¥2.8B | ¥2.8B | ¥2.9B | ¥3.1B |
| Investing CF | ¥317M | ¥-6.0B | ¥-6.9B | ¥-2.7B | ¥-868M |
| CapEx | ¥1.7B | ¥6.1B | ¥6.5B | ¥1.2B | ¥650M |
| Purchase Investments | — | ¥-1.1B | ¥-1.1B | ¥-33M | ¥-981M |
| Financing CF | ¥-6.7B | ¥-1.4B | ¥-11.7B | ¥-2.0B | ¥-3.7B |
| Dividends Paid | — | ¥-1.7B | ¥-1.4B | ¥-1.2B | ¥-851M |
| Share Buybacks | — | ¥-2.4B | ¥0M | ¥-110M | — |
| LT Debt Repaid | — | ¥-2.6B | ¥-3.6B | ¥-5.0B | ¥-9.7B |
| Free Cash Flow | ¥4.0B | ¥212M | ¥-680M | ¥5.5B | ¥5.4B |
| Net Change in Cash | — | ¥-1.0B | ¥-12.8B | ¥2.2B | ¥1.5B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 9.5% | 7.8% | 6.3% | 6.8% | 10.4% |
| ROA | 5.4% | 4.3% | 3.3% | 3.3% | 4.8% |
| EPS | ¥111.65 | ¥337.22 | ¥246.07 | ¥247.80 | ¥345.79 |
| DPS | ¥96.00 | ¥140.00 | ¥100.00 | ¥85.00 | ¥70.00 |
| BPS | ¥1,200.89 | ¥4,472.42 | ¥4,074.00 | ¥3,766.62 | ¥3,507.76 |
| FCF/Share | — | ¥15 | ¥-45 | ¥363 | ¥354 |
| NCAV/Share | — | ¥-1,605 | ¥-1,427 | ¥-1,091 | ¥-1,200 |
| Payout Ratio | 86.0% | 41.5% | 40.6% | 34.3% | 20.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 3
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-22
14:00
|
Buyback | ¥2.8B 2.8% | Shibusawa Warehouse Co. (9304) announced a share buyback program approved by the Board on May 22, 2026. The company will… | |
|
Summary
Shibusawa Warehouse Co. (9304) announced a share buyback program approved by the Board on May 22, 2026. The company will repurchase up to 1.6 million shares (2.76% of outstanding shares) for a maximum of JPY 2.8 billion through market purchases on the Tokyo Stock Exchange from June 1 to October 30, 2026. All repurchased shares will be cancelled on March 31, 2027, supporting capital efficiency and shareholder returns under the medium-term management plan.
Deadline: 2026-10-30
% of Shares: 2.8%
Shares: 1,600,000
Source (JP)
自己株式取得に係る事項について決議するとともに、会社法第178条の規定に基づき、自己株式を消却することを決議しました
自己株式取得に係る事項の決定および自己株式の消却に関するお知らせ
TDnet PDF
|
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|
2026-05-11
14:00
|
Div Increase | ¥1.9B ¥32.0/sh +40% | Shibusawa Warehouse announced a dividend increase of ¥2 per share to ¥32 (stock-split adjusted) for FY2026 ended March 3… | |
|
Summary
Shibusawa Warehouse announced a dividend increase of ¥2 per share to ¥32 (stock-split adjusted) for FY2026 ended March 31, 2026, up from the prior forecast of ¥30. Total dividend payout of ¥1,851 million reflects the company's commitment to progressive dividends with a payout ratio exceeding 50%. FY2027 guidance forecasts further increases to ¥70 per share, demonstrating sustained shareholder return momentum.
YoY: +40%
Source (JP)
当社は、本日の取締役会において、2026年3月31日を基準日とする配当を、直近の配当予想より2円増配し、1株当たり32円とすることを決定いたしました。
剰余金の配当(増配)および次期配当予想に関するお知らせ
TDnet PDF
|
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Pan Pacific International Holdings Corporation
株式会社パン・パシフィック・インターナショナルホールディングス
|
1,448 | 10.01% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
1,085 | 7.50% |
| 3 |
SHIMIZU CORPORATION
清水建設株式会社
|
749 | 5.18% |
| 4 |
Custody Bank of Japan, Ltd. (Trust Account)
みずほ信託銀行株式会社 退職給付信託 みずほ銀行口 再信託受託者 株式会社日本カストディ銀行
|
716 | 4.95% |
| 5 |
The Toa Reinsurance Company, Limited
トーア再保険株式会社
|
652 | 4.50% |
| 6 |
Chuo-Nittochi Co., Ltd.
中央日本土地建物株式会社
|
528 | 3.65% |
| 7 | 学校法人帝京大学 | 422 | 2.92% |
| 8 |
Saitama Resona Bank
株式会社埼玉りそな銀行
|
400 | 2.76% |
| 9 | 日本ゼオン株式会社 | 334 | 2.31% |
| 10 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
327 | 2.26% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
14.7%
+0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
31.3%
-2.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 46.0% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Pan Pacific International Holdings Corporation 式会社パン・パシフィック・インターナショナルホールディングス | 9.52% | 9.52% | 10.01% +0.49% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 6.34% | 6.52% | 7.50% +0.98% | |
| Japan Custody Bank 日本カストディ銀行 | 4.93% | 7.61% | 7.21% -0.40% | |
| SHIMIZU CORPORATION 清水建設 | 4.93% | 4.93% | 5.18% +0.25% | |
| The Toa Reinsurance Company, Limited トーア再保険 | 4.29% | 4.29% | 4.50% +0.21% | |
| Chuo-Nittochi Co., Ltd. 中央日本土地建物 | 3.47% | 3.47% | 3.65% +0.18% | |
| 学校法人帝京大学 | 2.78% | 2.78% | 2.92% +0.14% | |
| Saitama Resona Bank りそな銀行 | 2.63% | 2.63% | 2.76% +0.13% | |
| 日本ゼオン NEW ENTRY | 2.20% | — | 2.31% NEW | |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 last seen 2024 | Exited Top 10 | 5.71% | 5.71% | — |
| Concentration (HHI) ⓘ | 262 | 293 | 290 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥15,919M
+31% since 2023
Holdings
38
+4 new
7 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥15,919M total | FY2023 ¥12,119M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
FUJITEC CO., LTD.
フジテック㈱
|
3,335 |
564,700
|
1,855 | 564,700 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
1,748 |
-18.6%
↓
431,532
|
995 | 530,313 | M |
|
SHIMIZU CORPORATION
清水建設㈱
|
1,324 |
1,000,683
|
750 | 1,000,683 | M |
|
Taikisha Ltd.
㈱大気社
|
1,255 |
274,500
|
1,010 | 274,500 | M |
|
ZEON CORPORATION
日本ゼオン㈱
|
1,009 |
675,000
|
944 | 675,000 | M |
|
FUJITSU GENERAL LIMITED
㈱富士通ゼネラル
|
692 |
250,000
|
933 | 250,000 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱(注)2
|
632 |
NEW
New
170,008
|
— | M | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
577 |
287,000
|
243 | 287,000 | M |
|
JAPAN TOBACCO INC.
日本たばこ産業㈱
|
575 |
140,000
|
391 | 140,000 | |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
519 |
598,000
|
616 | 598,000 | M |
|
ADEKA CORPORATION
㈱ADEKA
|
445 |
+7.5%
↑
165,654
|
347 | 154,059 | M |
|
IHI Corporation
㈱IHI
|
412 |
40,000
|
132 | 40,000 | |
|
Inui Global Logistics Co., Ltd.
乾汽船㈱
|
404 |
300,000
|
537 | 300,000 | M |
|
HAZAMA ANDO CORPORATION
㈱安藤・間
|
369 |
270,300
|
231 | 270,300 | M |
|
Furukawa Electric Co., Ltd.
古河電気工業㈱
|
327 |
66,476
|
163 | 66,476 | M |
|
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス㈱
|
322 |
140,000
|
204 | 140,000 | M |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
247 |
-76.0%
↓
43,065
|
457 | 179,715 | M |
|
IINO KAIUN KAISHA, LTD.
飯野海運㈱
|
240 |
241,000
|
241 | 241,000 | |
|
Shindengen Electric Manufacturing Co.,Ltd.
新電元工業㈱
|
193 |
95,400
|
319 | 95,400 | M |
|
Kawasaki Kisen Kaisha, Ltd.
川崎汽船㈱(注)3
|
191 |
NEW
New
94,500
|
— | ||
|
RINNAI CORPORATION
リンナイ㈱
|
166 |
+200.0%
↑
48,321
|
156 | 16,107 | |
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱(注)4
|
145 |
NEW
New
58,500
|
— | ||
|
繧オ繝ウ繝医Μ繝シ鬟溷刀繧、繝ウ繧ソ繝シ繝翫す繝ァ繝翫Ν譬ェ蠑丈シ夂、セ
サントリー食品インターナショナル㈱
|
139 |
28,100
|
138 | 28,100 | |
|
FURUKAWA CO.,LTD.
古河機械金属㈱
|
125 |
60,193
|
76 | 60,193 | M |
|
Mitsuboshi Belting Ltd.
三ツ星ベルト㈱
|
112 |
30,250
|
119 | 30,250 | |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
111 |
87,000
|
55 | 87,000 | M |
|
KAJIMA CORPORATION
鹿島建設㈱
|
103 |
33,827
|
54 | 33,827 | M |
|
The Furukawa Battery Co.,Ltd.
古河電池㈱
|
62 |
45,000
|
48 | 45,000 | |
|
COMPUTER ENGINEERING & CONSULTING LTD.
㈱シーイーシー
|
46 |
20,000
|
25 | 20,000 | |
|
Senshu Ikeda Holdings,Inc.
㈱池田泉州ホールディングス
|
27 |
64,010
|
14 | 64,010 | M |
|
UACJ Corporation
㈱UACJ
|
23 |
+21.6%
↑
4,892
|
10 | 4,024 | |
|
Maruichi Steel Pipe Co., Ltd.
丸一鋼管㈱
|
23 |
7,000
|
20 | 7,000 | |
| 第一生命ホールディングス㈱ | 9 |
2,000
|
4 | 2,000 | M |
|
SANYEI CORPORATION
㈱三栄コーポレーション(注)5
|
8 |
NEW
New
9,280
|
— | ||
|
Imperial Hotel, Ltd.
㈱帝国ホテル
|
3 |
+100.0%
↑
4,000
|
3 | 2,000 | |
|
MAEZAWA KASEI INDUSTRIES CO.,LTD.
前澤化成工業㈱
|
1 |
1,000
|
1 | 1,000 | |
|
Sharp Corporation
シャープ㈱
|
— | — | |||
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
— | — | |||
|
FUJI ELECTRIC CO., LTD.
富士電機㈱
|
— |
−100%
Exit
—
|
304 | 58,600 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
386 | 85,004 | M |
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
— |
−100%
Exit
—
|
109 | 19,500 | |
|
Kawasaki Kisen Kaisha, Ltd.
川崎汽船㈱
|
— |
−100%
Exit
—
|
95 | 31,500 | |
|
The San-in Godo Bank,Ltd.
㈱山陰合同銀行
|
— |
−100%
Exit
—
|
75 | 102,000 | |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱
|
— |
−100%
Exit
—
|
57 | 11,025 | |
|
SANYEI CORPORATION
㈱三栄コーポレーション
|
— |
−100%
Exit
—
|
2 | 1,848 | |
| Portfolio total | 15,919 | 12,119 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding