JP-listed companies
The Shibusawa Warehouse Co.,Ltd.

The Shibusawa Warehouse Co.,Ltd.JP:9304

Market cap

¥46B

P/E ratio

12.9x

Income statement Balance sheet Cash flow

	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024
Storage fee income	4,981	4,975	5,355	5,520	6,550	7,290	7,609	8,306	8,766	8,632	8,894	8,969
Coolie fee income	4,177	4,532	4,649	5,228	5,904	6,542	6,427	6,495	6,909	7,205	7,413	7,190
Handling service income	9,414	9,894	10,160	9,503	9,428	11,222	11,155	11,153	11,164	16,468	19,751	14,550
Transportation on land fee income	27,092	28,272	27,796	28,621	28,923	30,771	31,731	33,357	30,672	31,575	33,522	31,952
Warehouse rental income	805	858	1,216	2,049	1,496	1,586	1,622	1,474	1,757	1,880	2,234	2,461
Building rental income	6,739	5,966	5,669	5,685	5,603	5,613	5,768	5,776	5,804	5,697	5,966	5,762
other income	189	190	213	152	174	259	290	266	255	286	2,136	2,529
Operating revenue	53,399	54,689	55,061	56,762	58,081	63,286	64,604	66,831	65,328	71,746	78,504	73,417
Labor cost	34,271	35,762	35,536	35,915	36,467	40,178	41,000	41,928	40,422	45,774	50,685	45,850
Rental cost	2,133	2,131	2,245	2,366	2,628	3,064	3,038	3,578	3,785	3,906	4,365	4,270
Personnel expenses	3,053	3,142	3,094	3,230	3,338	3,408	3,431	3,522	3,591	3,711	4,098	4,286
Personnal expenses	-	-	-	-	-	-	-	-	-	-	2,444	2,546
Depreciation	2,437	2,356	2,452	2,483	2,468	2,568	2,621	2,712	2,983	2,964	2,774	2,640
Other	5,614	5,628	5,859	6,780	6,427	7,043	7,190	7,602	7,501	7,436	7,908	8,111
Operating costs	47,510	49,021	49,188	50,776	51,329	56,262	57,281	59,344	58,285	63,793	69,832	65,159
Operating gross profit (loss)	5,889	5,668	5,872	5,986	6,751	7,023	7,323	7,487	7,043	7,953	8,671	8,257
Rent expenses	69	68	103	117	91	92	86	86	86	84	82	86
Depreciation	137	106	131	156	164	302	269	244	179	176	142	145
Remuneration for directors (and other officers)	296	288	269	296	301	317	262	246	252	242	282	270
Salaries and bonuses	1,078	1,073	1,152	1,120	1,102	1,157	1,180	1,197	1,157	1,213	1,409	1,482
Provision for bonuses	201	192	213	204	217	243	244	288	249	282	288	282
Retirement benefit expenses	93	112	105	110	128	129	114	116	115	95	102	99
Welfare expenses	332	343	355	359	374	388	388	400	393	406	447	451
Commission expenses	310	304	247	242	275	313	320	282	281	265	293	356
Other	589	603	614	607	690	725	718	717	700	670	730	811
Selling, general and administrative expenses	3,110	3,092	3,191	3,215	3,345	3,669	3,584	3,581	3,416	3,437	3,777	3,986
Selling, general and administrative expenses	3,110	3,092	3,191	3,215	3,345	3,669	3,584	3,581	3,416	3,437	3,777	3,986
Operating profit (loss)	2,778	2,575	2,680	2,770	3,406	3,353	3,738	3,906	3,627	4,516	4,894	4,271
Interest income	25	38	40	41	41	46	47	62	50	21	44	106
Interest and dividend income	-	-	-	-	-	-	-	-	-	-	543	1,041
Dividend income	182	206	280	266	298	323	352	382	376	394	540	579
Other	171	127	225	166	146	109	134	146	149	208	139	176
Share of profit of entities accounted for using equity method	-	-	-	-	-	-	23	44	-	2,011	462	200
Non-operating income	379	371	546	474	486	480	557	635	576	2,636	1,187	1,062
Other	171	127	225	166	146	109	134	146	149	208	139	176
Non-operating income	379	371	546	474	486	480	557	635	576	2,636	1,187	1,062
Interest expenses	552	457	412	363	297	264	191	151	135	145	150	126
Donations	-	-	-	-	-	-	-	-	-	-	-	50
Other	128	104	123	99	97	150	106	142	138	82	82	64
Non-operating expenses	681	561	536	531	478	1,335	298	367	274	227	233	241
Ordinary profit (loss)	2,476	2,385	2,689	2,714	3,413	2,498	3,996	4,174	3,929	6,924	5,847	5,091
Gain on sale of non-current assets	-	-	693	-	-	118	-	-	-	-	-	191
Gain on sale of investment securities	-	-	-	-	296	301	-	-	170	-	-	159
Gain on bargain purchase	-	-	-	-	-	-	-	-	-	-	227	-
Extraordinary income	50	-	746	-	379	419	-	-	170	-	301	350
Gain on step acquisitions	-	-	-	-	-	-	-	-	-	-	73	-
Extraordinary income	50	-	746	-	379	419	-	-	170	-	301	350
Impairment losses	42	-	-	-	699	-	-	-	-	128	406	-
Loss on disposal of non-current assets	362	234	104	-	-	-	370	-	-	-	406	32
Extraordinary losses	514	234	145	-	918	-	515	-	-	128	813	32
Profit (loss) before income taxes	2,011	2,151	3,290	2,714	2,874	2,918	3,481	4,174	4,099	6,796	5,335	5,409
Income taxes - current	302	265	1,327	838	1,245	1,200	1,179	1,356	1,280	1,492	1,557	1,580
Income taxes - deferred	560	593	-90	147	-167	47	-43	-60	27	27	-33	35
Income taxes	862	858	1,236	985	1,078	1,247	1,136	1,296	1,308	1,519	1,523	1,616
Profit (loss)	-	-	2,054	1,729	1,796	1,670	2,344	2,878	2,791	5,276	3,811	3,793
Profit (loss) attributable to non-controlling interests	-	-	58	47	42	64	72	61	41	18	52	64
Profit (loss) attributable to owners of parent	-	-	1,995	1,681	1,753	1,606	2,272	2,816	2,750	5,257	3,759	3,728