Financial Highlight

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

Operating revenue
121.5 billion yen (up 13.0% year on year)
Ordinary profit
16.1 billion yen (down 11.6% year on year)
Profit attributable to owners of parent
14.4 billion yen (down 14.5% year on year)

Operating Revenue

121.5 billion yen (up 13.0% year on year)

Increased 13.0% year on year to 121.5 billion yen due to an increase in interest on operating loan and revenue from installment receivable.

Ordinary Profit

16.1 billion yen (down 11.6% year on year)

The operating profit decreased by 13.3% year on year to 15.3 billion yen, as the increase in operating revenue was offset by a rise in operating expenses, primarily due to credit cost. Furthermore, with the inclusion of 800 million yen in non-operating income, the ordinary profit decreased by 11.6% year on year to 16.1 billion yen.

Profit Attributable to Owners of Parent

14.4 billion yen (down 14.5% year on year)

Due to an increase in taxable income, income taxes-current of 2.7 billion yen was recorded, while income taxes-deferred of -1.1 billion yen and profit attributable to non-controlling interests of 100 million yen were recorded. As a result, profit attributable to owners of parent decreased by 14.5% year on year to 14.4 billion yen.

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