Acom (8572) Q3 2025 earnings summary

Executive summary

• Operating revenue for the nine months ended December 31, 2024, rose 8.1% year-over-year to ¥236.8 billion, driven by higher interest on operating loans, credit guarantee revenue, strong domestic borrowing, and yen depreciation against the baht.

• Operating profit increased 11.7% year-over-year to ¥74.7 billion, and profit attributable to owners of parent grew 12.5% to ¥46.9 billion.

• The business environment showed gradual recovery in Japan and steady growth in overseas markets, though risks from global economic fluctuations remain.

Financial highlights

• Loan and Credit Card Business operating revenue rose 9.1% year-over-year to ¥126.8 billion; operating profit surged 28.0% to ¥40.6 billion.

• Guarantee Business operating revenue increased 7.6% to ¥56.4 billion; operating profit up 2.3% to ¥18.1 billion.

• Overseas Financial Business operating revenue (yen basis) up 6.3% to ¥48.7 billion, but operating profit fell 18.6% to ¥14.7 billion due to higher bad debt provisions.

• Provision for bad debts (consolidated) increased 10.7% year-over-year to ¥79.4 billion, with EASY BUY's provision up 41.5%.

• Financial expenses (consolidated) rose 22.1% to ¥4.2 billion.

Outlook and guidance

• Full-year operating revenue forecasted at ¥313.5 billion (+6.4% year-over-year), with profit attributable to owners of parent expected at ¥55.6 billion (+4.7%).

• Receivables outstanding projected to reach ¥2,697.9 billion (+6.5%) by fiscal year-end.

• Basic earnings per share forecast: ¥35.49; dividend forecast: annual ¥14.00 per share.

• Number of requests for interest repayment and related losses expected to continue declining, with drawdown estimated to decrease ~15% year-over-year.