Acom (8572) Q4 2026 earnings summary

Executive summary

• Consolidated receivables grew 7.3% year-on-year to JPY 2,911.4 billion, driven by strong domestic demand, currency effects, and effective credit extension.

• Operating revenue increased 6.3% year-on-year to JPY 337.7 billion, and operating profit surged 71.4% to JPY 100.3 billion, mainly due to a sharp drop in provisions for loss on interest repayment.

• Profit attributable to owners of parent rose 147.9% year-on-year to JPY 79.6 billion, aided by deferred tax asset recoverability and a temporary decrease in deferred income taxes.

• Operating expenses fell 8.4% year-on-year, mainly due to lower provisions for loss on interest repayment.

Financial highlights

• Loan and credit card receivables grew 7.3% year-on-year to JPY 1,151.7 billion, with operating revenue up 7.3% to JPY 181.8 billion and operating profit up 281.9% to JPY 53.5 billion.

• Guarantee business receivables increased 7.7% to JPY 1,469 billion, with operating revenue up 6.2% to JPY 81 billion but operating profit down 5.9% to JPY 22.2 billion due to higher provisions for bad debt.

• Overseas financial business receivables outstanding up 5.0% year-on-year to JPY 280 billion; operating revenue up 3.2% to JPY 67.5 billion; operating profit up 18.1% to JPY 22.8 billion.

• Consolidated financial expenses rose 27.4% year-on-year to JPY 7.3 billion, with borrowings up by JPY 60.5 billion to JPY 685.5 billion.

• Net assets increased to JPY 782.5 billion, with cash and cash equivalents at year-end rising to JPY 80.4 billion.

Outlook and guidance

• FY March 2027 forecast: consolidated receivables to reach JPY 3,099.8 billion (+6.5% year-on-year); operating revenue to rise 5.4% to JPY 356 billion.

• Operating profit expected to decrease 2.4% to JPY 98 billion; profit attributable to owners of parent to fall 19.9% to JPY 63.8 billion.

• Dividend payout planned at JPY 22 per share, with a payout ratio of 54%.

• Financial expenses expected to rise 58.4% to JPY 11.6 billion, with average borrowing cost projected to increase to 1.53%.

• Management notes potential risks from economic and geopolitical factors, especially in Japan and Southeast Asia.