The Shibusawa Warehouse Co., Ltd.
9304・Prime Market・Warehousing & Harbor Transportation Services
The Shibusawa Warehouse Co., Ltd.
9304・Prime Market・Warehousing & Harbor Transportation Services
Governance
Transitioned to a company with an Audit and Supervisory Committee in June 2025. The Board of Directors consists of 11 members, including 6 outside directors (including 1 female director), with outside directors constituting a majority to strengthen the supervisory function. A Nomination and Compensation Committee (comprising 3 outside directors plus the President, totaling 4 members, chaired by an outside director) has been established to determine director candidate nominations and compensation.
Risk Management
The company has established a Risk Management Department to support company-wide risk-taking and ensure compliance. It has developed a BCP framework based on an initial emergency contact system and a crisis management plan, while also obtaining Eco Stage, ISMS (ISO/IEC27001:2022), and Green Management certifications. Advisory contracts have been signed with multiple law firms, ensuring a system in place to address legal risks.
Shareholder Returns
For FY2026 (ending March 2026), net income increased significantly due to the recognition of gains on the sale of policy-holding shares, and the year-end dividend was increased (total annual dividend of ¥3,207 million, payout ratio of 50.2%). The forecast for FY2027 (ending March 2027) is an annual dividend of ¥70 (interim ¥35, year-end ¥35), with a payout ratio of 60.2%. Share buybacks were also conducted (¥1,560 million during the period).
Dividend Policy
FY2026 (ending March 2026) results: ¥96 at the end of the second quarter and ¥32 at year-end (converted after the stock split), total dividends of ¥3,207 million, payout ratio of 50.2%, and dividend on equity ratio of 4.8%. Forecast for FY2027 (ending March 2027): annual dividend of ¥70 (interim ¥35, year-end ¥35), with a forecast payout ratio of 60.2%. Note that a 4-for-1 stock split of common shares was implemented effective October 1, 2025; before adjusting for the split, the total annual dividend for FY2026 (ending March 2026) was ¥224 (year-end ¥128). The basic policy is a payout ratio of 50% or higher with progressive dividends, paid twice a year (interim and year-end).
ESG
The company has established six materialities: "Prevention of Global Warming," "Transition to a Circular Economy," "Realization of Safety and Security," "Utilization of Innovation," "Respect for Human Rights," and "Pursuit of Mutual Coexistence and Prosperity." It discloses information based on the TCFD and TNFD frameworks, targeting a 50% reduction in CO2 emissions per operating revenue by FY2030 (ending March 2031) compared to FY2019 (ending March 2020). Regarding human capital, the company discloses a 12.3% share of women in managerial positions (FY2025, ending March 2026) and a paid leave utilization rate of 51.8%, and continues to show year-on-year improvement.
Last updated: June 24, 2026