Ricoh Leasing Company (8566) Q4 2025 earnings summary

Executive summary

• Achieved record-high profits for FY2024, with net sales up 1.2% to ¥312,156 million and net income attributable to owners rising 38.8% to ¥15,658 million, driven by asset expansion, higher yields, and the absence of prior-year extraordinary losses.

• Operating profit increased 3.4% to ¥21,729 million, and ordinary profit rose 2.3% to ¥22,030 million.

• Comprehensive income increased 12.8% year-over-year to ¥16,857 million.

• Dividend per share raised to 180 yen, with a payout ratio of 35.4%.

Financial highlights

• Gross profit improved 6.5% to ¥48,546 million; net assets increased to ¥234,070 million with an equity ratio of 17.0%.

• Total assets grew to ¥1,376,211 million from ¥1,247,276 million year-over-year.

• Cash and cash equivalents at period end decreased to ¥1,345 million from ¥4,956 million.

• ROA improved to 1.19% and ROE to 6.9%.

• Operating assets grew by 106.7 billion yen to 1,221.7 billion yen.

Outlook and guidance

• FY2025 (ending March 2026) forecasts net sales of ¥320,000 million (+2.5%), but net income is expected to decline 15.7% to ¥13,200 million due to higher financial and administrative expenses.

• Operating profit is projected to decline 12.6% to ¥19,000 million, and ordinary profit to fall 12.8% to ¥19,200 million.

• Dividend per share projected at 185 yen, marking 31 consecutive years of increases.

• Operating assets expected to rise to 1,300.0 billion yen, with restrained investment in real estate due to high prices.