Ricoh Leasing Company (8566) Q1 2027 earnings summary

Executive summary

• Gross profit reached a record high for the first quarter, up 5.1% year-over-year, driven by steady increases in profit before financial expenses across all businesses.

• Net sales for the three months ended June 30, 2026, rose 5.9% year-over-year to ¥87,269 million, while operating profit declined 3.6% to ¥4,749 million and ordinary profit fell 5.7% to ¥4,776 million.

• Net income for the quarter was ¥3.3 billion, achieving 27.7% of the full-year forecast, and profit attributable to owners of parent decreased 5.3% year-over-year.

• Comprehensive income dropped 43.6% year-over-year to ¥2,452 million.

Financial highlights

• Gross profit: ¥12.799 billion (+5.1% YoY); Operating profit: ¥4.749 billion (−3.6% YoY); Net income: ¥3.3 billion (−5.3% YoY).

• Total assets as of June 30, 2026, were ¥1,480,755 million, up from ¥1,465,563 million as of March 31, 2026.

• Operating assets increased to ¥1,294.7 billion, up ¥11.4 billion from the previous fiscal year-end.

• Financial expenses rose 81.7% YoY to ¥2.7 billion due to higher interest rates.

• ROA was 0.90% and ROE was 5.5%, both slightly down year-over-year.

Outlook and guidance

• Full-year forecast for the year ending March 31, 2027: net sales of ¥370,000 million (up 9.3% YoY), operating profit of ¥17,600 million (down 14.7%), ordinary profit of ¥17,400 million (down 17.3%), and profit attributable to owners of parent of ¥11,900 million (down 7.2%).

• Full-year income forecast for FY2026 remains unchanged; gross profit is expected to be maintained despite anticipated policy rate hikes and rising funding costs.

• Full-year earnings per share forecast is ¥386.06.

• Dividend forecast for the year ending March 31, 2027, is ¥256.00 per share, including special dividends.

• Growth investments and a special dividend are planned in line with the revised shareholder return policy.