Financial Highlight
Consolidated Financial Results for the fiscal year ended March 2024.
- Operating revenue
- 163.1 billion yen (up 13.2％ year on year)
- Ordinary profit
- 22 billion yen (down 9.7% year on year)
- Profit attributable to owners of parent
- 21.8 billion yen (down 2.3％ year on year)
Operating Revenue
163.1 billion yen (up 13.2％ year on year)
Increased 13.2% year on year to 163.1 billion yen due to an increase in total receivable outstanding.
Ordinary Profit
22 billion yen (down 9.7% year on year)
The operating profit decreased by 11.2% year on year to 2.1 billion yen, as the increase in operating revenue was offset by a rise in operating expenses, primarily due to credit cost. Furthermore, with the inclusion of 1billion yen in non-operating income, the ordinary profit decreased by 9.7% year on year to 2.2 billion yen.
Profit Attributable to Owners of Parent
21.8 billion yen (down 2.3％ year on year)
Due to an increase in taxable income, income taxes-current of 5.0 billion yen was recorded, while income taxes-deferred of -5.0 billion yen and profit attributable to non-controlling interests of -300 million yen were recorded. As a result, profit attributable to owners of parent decreased by 2.3% year on year to 2.1 billion yen.
- Total assets
- 1,266.3 billion yen (up 18.3% year on year)
- Net assets
- 201.4 billion yen (up 12.1% year on year)
Total Assets
1,266.3 billion yen (up 18.3% year on year)
Mainly due to an increase in total receivable outstanding, total assets increased 18.3% year on year to 1,266.3 billion yen.
Net Assets
201.4 billion yen (up 12.1% year on year)
Net assets rose 12.1% year on year to 201.4 billion yen mainly due to an increase in retained earnings.
- ROA
- 1.9% (down 0.5pt year on year)
- ROE
- 11.7% (down 1.8pt year on year)
ROA
1.9% (down 0.5pt year on year)
As of March 31, 2024, total assets increased 18.3% to 1,266.3 billion yen mainly due to a decrease in total receivable outstanding. Ordinary profit rose 9.7% year on year to 22.0 billion yen, resulting in a return on assets of 1.9%.
Under the medium-term management plan, ROA is expected to reach 2.5% in FY ending March 2027, as profit margins improve due to growth in core businesses and an increase in group assets through M&A, and efficiency and cost structure reforms through the utilization of IT.
ROE and Real ROE
11.7% (down 1.8pt year on year)
Profit attributable to owners of parent and net assets were 21.8 billion yen and 201.4 billion yen, respectively, as of March 31, 2024. As a result, return on equity (ROE) was 11.7%. The real ROE* was 8.8%.
Under the medium-term management plan, we expect to achieve ROE of 12.6% and real ROE of 11.4% in FY ending March 2027, as profit margins improve due to growth in core businesses and an increase in group assets through M&A, and efficiency and cost structure reforms through the utilization of IT.
*Due to recording tax losses in the past, the tax amount and tax adjustments have not been stable. Therefore, we are demonstrating Real ROE using the effective tax rate of 30% borne by typical corporations.
Trend of Selected Financial Data
| 20/3 | 21/3 | 22/3 | 23/3 | 24/3 | |
|---|---|---|---|---|---|
| Operating revenue(Millions of yen) | 127,038 | 127,481 | 132,097 | 144,152 | 163,109 |
| Ordinary profit(Millions of yen) | 1,716 | 19,305 | 12,265 | 24,428 | 22,067 |
| Profit attributable to owners of parent(Millions of yen) | 1,390 | 18,437 | 12,334 | 22,343 | 21,818 |
| Total assets(Millions of yen) | 860,507 | 863,354 | 935,642 | 1,070,485 | 1,266,374 |
| Net assets(Millions of yen) | 128,931 | 147,692 | 156,526 | 179,593 | 201,412 |
| EPS(Yen) | 2.88 | 38.12 | 25.50 | 46.19 | 45.08 |
| BPS(Yen) | 260.53 | 300.92 | 318.17 | 364.01 | 409.02 |
| Funding rate(%) | 1.45 | 1.38 | 1.22 | 1.11 | 1.10 |
| Equity ratio(%) | 14.6 | 16.9 | 16.4 | 16.4 | 15.6 |
| ROA(%) | 0.2 | 2.2 | 1.4 | 2.4 | 1.9 |
| ROE(%) | 1.1 | 13.6 | 8.2 | 13.5 | 11.7 |
