Ricoh Leasing Company (8566) Q2 2025 earnings summary

Executive summary

• Net income and gross profit increased year-over-year, driven by growth in the investment business and improved asset yields.

• Operating profit remained nearly flat compared to the previous year, as higher SG&A expenses offset gains.

• Net sales for the six months ended September 30, 2024, were ¥153,742 million, down 1.0% year-over-year.

• Profit attributable to owners of parent rose 54.0% to ¥8,275 million compared to the same period last year.

• Dividend forecast was revised upward, reflecting strong progress toward full-year targets.

Financial highlights

• Gross profit increased 3.7% to ¥23,938 million; net income surged 54.0% to ¥8,275 million.

• Earnings per share rose to ¥268.46 from ¥174.37 year-over-year.

• Net assets increased to ¥227,664 million as of September 30, 2024.

• Dividend per share for 2Q rose to 80 yen, with full-year forecast at 175 yen.

• ROA improved to 1.28% and ROE to 7.4% for the quarter.

Outlook and guidance

• Full-year net sales forecast is ¥315,000 million, up 2.2% year-over-year.

• Operating profit for the full year is projected at ¥21,100 million, up 0.4% year-over-year.

• Profit attributable to owners of parent is forecast to increase 30.3% to ¥14,700 million.

• Dividend payout ratio target set at 40% or more for FY2025.

• Dividend forecast revised to ¥175 per share for the year ending March 31, 2025.