Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Three Months Ended June 30 , 2026 ( Under Japanese GAAP ) Listing : Securities code : URL : Representative : Inquiries : Telephone : The Sumitomo Warehouse Co. , Ltd. Scheduled date to commence dividend payments : Tokyo Stock Exchange 9303 https://www.sumitomo-soko.co.jp/ Akihito Nagata , President August 7 , 2026 Seiji Homma , General Manager , Finance & Accounting Department +81 6 6444 1183 Preparation of supplementary material on quarterly financial results : None Holding of quarterly financial results briefing : None ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the three months ended June 30 , 2026 ( from April 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Three months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30 , 2026 50,438 5.4 3,510 28.1 5,995 26.1 5,973 89.3 June 30 , 2025 47,875 3.2 2,739 ( 14.3 ) 4,756 ( 7.0 ) 3,155 ( 3.6 ) Note : Comprehensive income : For the three months ended June 30 , 2026 : ¥ 5,851 million [ ( 6.7 ) % ] For the three months ended June 30 , 2025 : ¥ 6,274 million [ 6.0 % ] Three months ended June 30 , 2026 June 30 , 2025 Basic earnings per share ( 2 ) Consolidated financial position As of June 30 , 2026 March 31 , 2026 Reference : Equity Diluted earnings per share Yen Yen 78.56 78.51 40.92 40.89 Millions of yen Total assets Net assets Millions of yen 509,317 513,098 As of June 30 , 2026 : ¥ 314,217 million As of March 31 , 2026 : ¥ 313,841 million 325,457 325,072 Equity - to - asset ratio % 61.7 61.2
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Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended March 31, 2026 － 51.50 － 51.50 103.00 Fiscal year ending March 31, 2027 － Fiscal year ending March 31, 2027 (Forecast) 51.50 － 51.50 103.00 (Percentages indicate year-on-year changes.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Basic earnings per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Six months ending September 30, 2026 100,000 3.4 5,950 9.7 7,900 3.2 8,200 18.8 108.30 Fiscal year ending March 31, 2027 200,000 1.9 12,200 6.9 16,100 1.8 17,200 (2.6) 228.68 2. Cash dividends Note: Revisions to the forecast of cash dividends most recently announced: None 3. Consolidated forecasts for the year ending March 31, 2027 (from April 1, 2026 to March 31, 2027) Note: Revisions to the financial forecast most recently announced: None * Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares): As of June 30, 2026 : 76,614,215 shares As of March 31, 2026 : 76,614,215 shares (ii) Number of treasury shares at the end of the period: As of June 30, 2026 : 759,944 shares As of March 31, 2026 : 400,075 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year): Three months ended June 30, 2026 : 76,042,121 shares Three months ended June 30, 2025 : 77,121,186 shares * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None * Proper use of earnings forecasts, and other special matters The forecasts are based on information currently available and certain assumptions judged to be reasonable. The Company’s actual results may differ materially from the forecasts as a result of numerous factors outside of the Company’s control.
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1. Overview of Operating Results under Review ............................................................................................. 2 (1) Overview of Operating Results ............................................................................................................... 2 (2) Overview of Financial Position ............................................................................................................... 3 (3) Explanation of Forward-Looking Statements such as Consolidated Forecasts ....................................... 4 2. Quarterly Consolidated Financial Results and Significant Notes ............................................................... 5 (1) Quarterly Consolidated Balance Sheets .................................................................................................. 5 (2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income ...................................................... 7 (3) Quarterly Consolidated Statements of Cash Flows ................................................................................ 10 (4) Notes to Quarterly Consolidated Financial Statements .......................................................................... 12 (Notes on accounting treatment specific to the preparation of quarterly consolidated financial statements) .............................................................................................................................................. 12 (Notes on consolidated statement of income) ........................................................................................... 12 (Notes on segment information) .............................................................................................................. 13 (Notes when there are significant changes in amounts of shareholders’equity) ...................................... 14 (Notes on premise of going concern) ....................................................................................................... 14 (Notes on quarterly consolidated statements of cash flows) .................................................................... 14 (Reference) ........................................................................................................................................................ 15 Attached Materials Index - 1 -
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1. Overview of Operating Results under Review (1) Overview of Operating Results In the economic environment during the three months ended June 30, 2026, although there was uncertainty about the impact of the situation in the Middle East, a moderate economic recovery continued in Japan due to capital investment showing signs of improvement and personal consumption gradually recovering. Overseas, while the U.S. economy continued to moderately expand, in China, the economy underwent a moderate slowdown due to the impact of the sluggish real estate market. Under these circumstances, the Group established the five-year medium-term business plan entitled “Medium- Term Business Plan 2026-2030” in March 2026, and commenced initiatives aimed at enhancing corporate value based on the business strategies set forth in the plan. In the logistics business, we made an effort to collect appropriate fees in response to rising costs in Japan. Overseas, we considered expansion of our locations in the United States, Europe, and Southeast Asia, and proceeded to prepare for entry into India. In the real estate business, we expanded the scale of revenue such as building a logistics facility in Misato City, Saitama Prefecture, in addition to making an effort to increase the occupancy rate of an office building for lease in which we made an additional acquisition of a co-ownership interest in the previous fiscal year. As a result of these efforts, operating revenue for the three months ended June 30, 2026 was ¥50,438 million (up 5.4% year on year) due to higher international transportation income and land transportation income. Operating profit was ¥3,510 million (up 28.1% year on year) due to higher revenue, and ordinary profit was ¥5,995 million (up 26.1% year on year) due to an increase in dividend income. Profit attributable to owners of parent was ¥5,973 million (up 89.3% year on year) due to factors such as recording a gain on sale of investment securities associated with the sale of some cross-shareholdings. Segment results are as follows. 1) Logistics business In the warehousing business, warehouse income was ¥8,360 million (up 1.8% year on year), due to factors such as an increase in the handling of temperature-controlled and other cargo. In the harbor transportation business, harbor transportation income was ¥8,650 million (up 3.4% year on year), due to factors such as an increase in revenue from container cargo handling. In the international transportation business, international transportation income was ¥14,230 million (up 9.7% year on year) due to an increase in international multimodal transportation and airfreight handling in addition to the impact of foreign exchange. In the land transportation business and other operations, land transportation and other income was ¥16,441 million (up 4.1% year on year), due to such factors as an increase in freight volume. As a result of the above, in the logistics business, operating revenue was ¥47,683 million (up 5.1% year on year), and operating profit was ¥3,615 million (up 11.0% year on year). 2) Real estate business In the real estate business, operating revenue was ¥2,911 million (up 9.0% year on year) due to the contribution of rent of an office building for lease in which we made an additional acquisition of a co-ownership interest in the previous fiscal year. Operating profit was ¥1,360 million (up 36.8% year on year) due to an increase in revenue, in addition to factors such as a decrease in real estate acquisition tax, etc. Notes: 1. The operating revenue for the segments above includes inter-segment revenue of ¥156 million (¥144 million in the same period of the previous fiscal year). 2. The operating profit for the segments above is the profit before deduction of company-wide expenses, etc., that do not belong to each segment, amounting to ¥1,466 million (¥1,512 million in the same period of the previous fiscal year). - 2 -
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Details Three months ended June 30, 2025 Three months ended June 30, 2026 Increase / decrease Amount Ratio％ Logistics business 45,349 million 47,683 million 2,333 million 5.1 (Warehouse income) [8,214] [8,360] [146] [1.8] (Harbor transportation income) [8,366] [8,650] [283] [3.4] (International transportation income) [12,972] [14,230] [1,257] [9.7] (Land transportation and other operations income) [15,796] [16,441] [645] [4.1] Real estate business 2,670 2,911 241 9.0 (Real estate business income) [2,670] [2,911] [241] [9.0] Total 48,019 50,595 2,575 5.4 Inter-segment revenue (144) (156) (11) － Net operating revenue 47,875 50,438 2,563 5.4 Details of operating revenue by segment (2) Overview of Financial Position 1) Assets, Liabilities and Net assets Total assets decreased by 0.7% from the end of the previous fiscal year to ¥509,317 million mainly due to a decrease in “cash and deposits” resulting from the repayment of borrowings. Total liabilities decreased by 2.2% from the end of the previous fiscal year to ¥183,860 million mainly due to a decrease in “long-term borrowings” resulting from the repayment of borrowings. Total net assets increased by 0.1% from the end of the previous fiscal year to ¥325,457 million due to factors such as an increase in “retained earnings” resulting from the recording of profit. 2) Cash Flows (Cash flows from operating activities) Net cash provided by operating activities amounted to ¥6,250 million (¥6,730 million provided in the same period of the previous fiscal year), mainly due to the recording of profit before income taxes and the retention of funds from depreciation. (Cash flows from investing activities) Net cash provided by investing activities amounted to ¥583 million (¥5,530 million used in the same period of the previous fiscal year), mainly due to the proceeds from sale of investment securities. (Cash flows from financing activities) Net cash used in financing activities amounted to ¥9,721 million (¥5,738 million used in the same period of the previous fiscal year), mainly due to the repayments of borrowings, dividend payments, and the purchase of treasury shares. The total consolidated net cash used in the three months ended June 30, 2026, including the above results and the “effect of exchange rate change on cash and cash equivalents” (¥43 million), was a decrease of ¥2,843 million, resulting in a balance of ¥36,226 million in cash and cash equivalents at the end of the period. - 3 -
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(3) Explanation of Forward-Looking Statements such as Consolidated Forecasts As results for the three months ended June 30, 2026 have been generally in line with plans, the consolidated earnings forecasts for the six months ending September 30, 2026 (interim period) and the full year have been maintained at the figures announced on May 12, 2026. - 4 -
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 42,376 39,590 Notes and accounts receivable-trade 20,831 21,642 Real estate for sale 2,618 2,605 Other 10,541 9,967 Allowance for doubtful accounts (105) (111) Total current assets 76,262 73,694 Non-current assets Property, plant and equipment Buildings and structures, net 92,348 90,978 Machinery, equipment and vehicles, net 6,935 7,042 Vessels, net 306 292 Tools, furniture and fixtures, net 1,090 1,053 Land 90,231 89,611 Construction in progress 4,100 4,148 Other, net 4,820 5,012 Total property, plant and equipment 199,833 198,138 Intangible assets Leasehold interests in land 5,165 5,166 Software 1,534 1,474 Other 1,286 1,277 Total intangible assets 7,986 7,917 Investments and other assets Investment securities 216,299 216,752 Long-term loans receivable 129 125 Retirement benefit asset 5,495 5,514 Deferred tax assets 787 820 Other 6,723 6,775 Allowance for doubtful accounts (419) (421) Total investments and other assets 229,015 229,567 Total non-current assets 436,835 435,622 Total assets 513,098 509,317 2. Quarterly Consolidated Financial Results and Significant Notes (1) Quarterly Consolidated Balance Sheets - 5 -
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(Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable-trade 12,504 12,734 Short-term borrowings 9,172 12,116 Income taxes payable 3,379 1,979 Provision for bonuses 1,695 843 Other 9,700 11,713 Total current liabilities 36,452 39,386 Non-current liabilities Bonds payable 25,000 25,000 Long-term borrowings 44,322 37,045 Deferred tax liabilities 67,554 67,910 Provision for retirement benefits for directors (and other officers) 80 70 Retirement benefit liability 2,865 2,911 Long-term deposits received 8,741 8,374 Other 3,007 3,160 Total non-current liabilities 151,572 144,473 Total liabilities 188,025 183,860 Net assets Shareholders' equity Share capital 14,922 14,922 Capital surplus 12,344 12,344 Retained earnings 148,899 150,947 Treasury shares (1,167) (2,567) Total shareholders' equity 174,999 175,648 Accumulated other comprehensive income Valuation difference on available-for-sale securities 124,731 124,296 Foreign currency translation adjustment 9,116 9,430 Remeasurements of defined benefit plans 4,994 4,842 Total accumulated other comprehensive income 138,841 138,569 Share acquisition rights 54 54 Non-controlling interests 11,176 11,184 Total net assets 325,072 325,457 Total liabilities and net assets 513,098 509,317 - 6 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Operating revenue Warehouse income 8,214 8,360 Harbor transportation income 8,366 8,650 International transportation income 12,972 14,230 Land transportation income 12,416 12,825 Rent income of warehouse and logistics facilities 1,552 1,662 Real estate lease revenue 2,501 2,726 Other 1,851 1,983 Total operating revenue 47,875 50,438 Operating costs Cost of sales 26,888 28,327 Personal expenses 7,520 7,797 Rent expenses 2,078 2,061 Taxes and dues 686 661 Depreciation 2,600 2,619 Other 2,677 2,784 Total operating costs 42,451 44,250 Operating gross profit 5,423 6,188 Selling, general and administrative expenses Salaries, allowances and welfare expenses 1,482 1,523 Provision for bonuses 47 47 Retirement benefit expenses 25 2 Other 1,129 1,104 Total selling, general and administrative expenses 2,684 2,678 Operating profit 2,739 3,510 Non-operating income Interest and dividend income 2,039 2,682 Share of profit of entities accounted for using equity method 16 － Other 114 68 Total non-operating income 2,171 2,750 Non-operating expenses Interest expenses 126 197 Share of loss of entities accounted for using equity method － 20 Other 27 45 Total non-operating expenses 154 264 Ordinary profit 4,756 5,995 (2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income (Quarterly Consolidated Statements of Income) - 7 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Extraordinary income Gain on sale of non-current assets － 900 Gain on sale of investment securities － 2,249 Compensation income *212 － Total extraordinary income 212 3,149 Extraordinary losses Loss on retirement of non-current assets 127 32 Loss on sale of shares of subsidiaries and associates － 33 Total extraordinary losses 127 66 Profit before income taxes 4,841 9,079 Income taxes-current 1,119 2,242 Income taxes-deferred 343 629 Total income taxes 1,462 2,872 Profit 3,378 6,207 Profit attributable to non-controlling interests 222 233 Profit attributable to owners of parent 3,155 5,973 - 8 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Profit 3,378 6,207 Other comprehensive income Valuation difference on available-for-sale securities 4,327 (519) Foreign currency translation adjustment (1,103) 191 Remeasurements of defined benefit plans, net of tax (100) (151) Share of other comprehensive income of entities accounted for using equity method (227) 122 Total other comprehensive income 2,895 (355) Comprehensive income 6,274 5,851 (Comprehensive income attributable to) Owners of parent 6,091 5,701 Non-controlling interests 182 149 (Quarterly Consolidated Statements of Comprehensive Income) - 9 -
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(Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Cash flows from operating activities Profit before income taxes 4,841 9,079 Depreciation 2,697 2,726 Compensation income (212) － Increase (decrease) in provisions (896) (856) Interest and dividend income (2,039) (2,682) Interest expenses 126 197 Share of loss (profit) of entities accounted for using equity method (16) 20 Loss (gain) on sale of non-current assets － (900) Loss on retirement of non-current assets 127 32 Loss (gain) on sale of investment securities － (2,249) Decrease (increase) in trade receivables 412 (775) Increase (decrease) in trade payables 86 216 Other, net (901) 1,354 Subtotal 4,225 6,163 Interest and dividends received 2,059 2,650 Interest paid (100) (208) Proceeds from compensation 4,224 1,145 Income taxes paid (3,678) (3,499) Net cash provided by (used in) operating activities 6,730 6,250 Cash flows from investing activities Payments into time deposits (416) (485) Proceeds from withdrawal of time deposits 412 499 Purchase of property, plant and equipment (5,282) (1,483) Proceeds from sale of property, plant and equipment 20 1,496 Purchase of intangible assets (115) (411) Purchase of investment securities (40) (1,269) Proceeds from sale of investment securities － 2,597 Purchase of shares of subsidiaries － (230) Proceeds from collection of loans receivable 5 5 Other, net (112) (134) Net cash provided by (used in) investing activities (5,530) 583 (3) Quarterly Consolidated Statements of Cash Flows - 10 -
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Three months ended June 30, 2025 Three months ended June 30, 2026 Cash flows from financing activities Proceeds from short-term borrowings 110 80 Repayments of short-term borrowings (114) (99) Repayments of long-term borrowings (323) (4,313) Purchase of treasury shares (1,168) (1,400) Dividends paid (3,721) (3,608) Dividends paid to non-controlling interests (144) (141) Other, net (377) (238) Net cash provided by (used in) financing activities (5,738) (9,721) Effect of exchange rate change on cash and cash equivalents (300) 43 Net increase (decrease) in cash and cash equivalents (4,839) (2,843) Cash and cash equivalents at beginning of period 44,950 39,070 Cash and cash equivalents at end of period *40,111 *36,226 (Millions of yen) - 11 -
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(4) Notes to Quarterly Consolidated Financial Statements (Notes on accounting treatment specific to the preparation of quarterly consolidated financial statements) (Calculation of tax expenses) Some consolidated subsidiaries calculate tax expenses by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year including the three months ended June 30, 2026, and multiplying profit before income taxes by the estimated effective tax rate. (Notes on consolidated statement of income) * Compensation income Three months ended June 30, 2025 The compensation for relocation of properties and the consideration for establishment of sectional surface rights, etc., arising from the passage of the railway under the Company's land and buildings due to the 'Naniwasuji Line Project' (Note). (Note) A new railway construction project connecting the 'Umekita Area' of Osaka Station, which opened in March 2023, with JR Namba Station and Nankai Main Line Shin-Imamiya Station. Kansai High-Speed Railway Co., Ltd. has ownership of and is responsible for the development of the railway facilities, and West Japan Railway Company and Nankai Electric Railway Co., Ltd. are planned to operate passenger services. Three months ended June 30, 2026 Not applicable. - 12 -
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(Millions of yen) Reportable segment Adjustment (Note 1) Amount in quarterly consolidated statements of income (Note 2) Logistics Real estate Total Operating revenue External revenue 45,347 2,528 47,875 － 47,875 Inter-segment revenue 2 142 144 (144) － Total 45,349 2,670 48,019 (144) 47,875 Segment income 3,257 994 4,251 (1,512) 2,739 (Millions of yen) Reportable segment Adjustment (Note 1) Amount in quarterly consolidated statements of income (Note 2) Logistics Real estate Total Operating revenue External revenue 47,680 2,758 50,438 － 50,438 Inter-segment revenue 2 153 156 (156) － Total 47,683 2,911 50,595 (156) 50,438 Segment income 3,615 1,360 4,976 (1,466) 3,510 (Notes on segment information) Information related to operating revenue and income by reportable segment I Three months ended June 30, 2025 Notes: 1. The adjustment of ¥ (1,512) million in segment income includes company-wide expenses of ¥ (1,585) million which are not allocated to the respective reportable segments. Company-wide expenses consist mainly of the expenses assignable to neither of the reportable segments for administrative departments of the Company and some of its consolidated subsidiaries. 2. Segment income is adjusted to coincide with operating profit as recorded on the quarterly consolidated statements of income. II Three months ended June 30, 2026 Notes: 1. The adjustment of ¥ (1,466) million in segment income includes company-wide expenses of ¥ (1,643) million which are not allocated to the respective reportable segments. Company-wide expenses consist mainly of the expenses assignable to neither of the reportable segments for administrative departments of the Company and some of its consolidated subsidiaries. 2. Segment income is adjusted to coincide with operating profit as recorded on the quarterly consolidated statements of income. - 13 -
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(1) Total number of shares to be acquired Up to 2,000,000 shares (maximum) (2.62% of total number of shares issued (excluding treasury shares)) (2) Total amount of costs to be acquired Up to ¥7,000 million (maximum) (3) Acquisition period From May 13, 2026 to March 24, 2027 (Notes when there are significant changes in amounts of shareholders' equity) Treasury shares acquisition The Company acquired 360,300 shares and ¥1,399 million pursuant to the resolution at the meeting of the Company’s Board of Directors held on May 12, 2026 during the period three months ended June 30, 2026. (Reference) Details of the resolution at the meeting of the Company’s Board of Directors held on May 12, 2026 1. Treasury shares acquisition 2. Treasury shares retirement The Company intends to retain a portion of its treasury shares in an amount deemed necessary for restricted stock compensation and other such purposes, and to retire any shares in excess thereof. Details regarding the retirement of treasury shares will be disclosed promptly upon determination. (Notes on premise of going concern) Not applicable. Three months ended June 30, 2025 Three months ended June 30, 2026 Cash and deposits 42,890 39,590 Time deposits with maturity over three months (2,779) (3,364) Cash and cash equivalents 40,111 36,226 (Notes on quarterly consolidated statements of cash flows) * Reconciliation of ending balance of cash and cash equivalents with account balances per quarterly consolidated balance sheet (Millions of yen) - 14 -
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Three months ended June 30, 2025 (A) Three months ended June 30, 2026 (B) Increases or Decreases (B)-(A) Amount Ratio Logistics 45,349 47,683 2,333 5.1% Real estate 2,670 2,911 241 9.0% Total 48,019 50,595 2,575 5.4% Inter-segment revenue (144) (156) (11) － Net operating revenue 47,875 50,438 2,563 5.4% Three months ended June 30, 2025 (A) Three months ended June 30, 2026 (B) Increases or Decreases (B)-(A) Amount Ratio Logistics 3,257 3,615 358 11.0% Real estate 994 1,360 366 36.8% Total 4,251 4,976 724 17.0% Adjustment (1,512) (1,466) 46 － Operating profit 2,739 3,510 770 28.1% Fiscal year ended March 31, 2026 (A) Fiscal year ending March 31, 2027 (B) Increases or Decreases (B)-(A) Amount Ratio Logistics 185,918 189,000 3,081 1.7% Real estate 10,930 11,600 669 6.1% Total 196,848 200,600 3,751 1.9% Inter-segment revenue (604) (600) 4 － Net operating revenue 196,244 200,000 3,755 1.9% Fiscal year ended March 31, 2026 (A) Fiscal year ending March 31, 2027 (B) Increases or Decreases (B)-(A) Amount Ratio Logistics 13,538 14,000 461 3.4% Real estate 4,383 5,000 616 14.1% Total 17,922 19,000 1,077 6.0% Adjustment (6,509) (6,800) (290) － Operating profit 11,413 12,200 786 6.9% (Reference) 1. Financial results related to operating revenue and operating profit for the three months ended June 30, 2026 (1) Operating revenue (Millions of yen) (2) Operating profit (Millions of yen) 2. Forecasts related to operating revenue and operating profit for the fiscal year ending March 31, 2027 (1) Operating revenue (Millions of yen) (2) Operating profit (Millions of yen) - 15 -