Financial Highlight

Financial Results for the Second Quarter of fiscal year ending March 2024.

Operating revenue
79.0 billion yen (up 12.3% year on year)
Ordinary profit
7.2 billion yen (down 43.0% year on year)
Profit attributable to owners of parent
6.6 billion yen (down 43.9% year on year)

Operating Revenue

79.0 billion yen (up 12.3% year on year)

Increased 12.3% year-on-year to 79.0 billion yen due to an increase in interest on operating loan and revenue from installment receivable.

Ordinary Profit

7.2 billion yen (down 43.0% year on year)

While operating revenue increased year on year, operating expenses rose mainly due to increase in credit costs and operating profit decreased 45.7% year on year to 6.5 billion yen. As a result of recording non-operating income of 700 million yen, ordinary profit decreased by 43.0% year on year to 7.2 billion yen.

Profit Attributable to Owners of Parent

6.6 billion yen (down 43.9% year on year)

As a result of recording an income taxes-deferred of -600 million yen and a profit attributable to non-controlling interests of 100 million yen while income taxes-current of 1.1 billion yen was posted due to an increase in taxable income, profit attributable to owners of parent was 6.6 billion yen, down 43.9% year on year.

Total assets
1,070.4 billion yen (up 14.4% year on year)
Net assets
179.5 billion yen (up 14.7% year on year)

Total Assets

1,070.4billion yen (up 14.4% year on year)

Mainly due to an increase in total receivable outstanding, total assets increased 14.4% year on year to 1,070.4 billion yen.

Net Assets

179.5 billion yen (up 14.7% year on year)

Net assets rose 14.7% year on year to 179.5 billion yen mainly due to an increase in retained earnings.

ROA
2.4% (up 1.0pt year on year)
ROE
13.5% (up 5.3pt year on year)

ROA

2.4% (up 1.0pt year on year)

As of March 31, 2023, total assets increased 14.4% to 1,070.4 billion yen mainly due to an increase in total receivable outstanding. Ordinary profit rose 99.2% year on year to 24.4 billion yen, resulting in a return on assets of 2.4%.

ROE

13.5% (up 5.3pt year on year)

Profit attributable to owners of parent and net assets were 22.3 billion yen and 179.5 billion yen, respectively, as of March 31, 2023. As a result, return on equity (ROE) was 13.5%.

Trend of Selected Financial Data

19/3 20/3 21/3 22/3 23/3
Operating revenue(Millions of yen) 115,328 127,038 127,481 132,097 144,152
Ordinary profit(Millions of yen) 4,110 1,716 19,305 12,265 24,428
Profit attributable to owners of parent(Millions of yen) 9,346 1,390 18,437 12,334 22,343
Total assets(Millions of yen) 760,587 860,507 863,354 935,642 1,070,485
Net assets(Millions of yen) 128,016 128,931 147,692 156,526 179,593
EPS(Yen) 19.32 2.88 38.12 25.50 46.19
BPS(Yen) 256.45 260.53 300.92 318.17 364.01
Funding rate(%) 1.64 1.45 1.38 1.22 1.11
Equity ratio(%) 16.3 14.6 16.9 16.4 16.4
ROA(%) 0.6 0.2 2.2 1.4 2.4
ROE(%) 7.8 1.1 13.6 8.2 13.5