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SBI Leasing Services Co., Ltd., First Half Ordinary Profit Increases by 12%, July-September Ordinary Profit Increases by 10%

Tue Oct 29, 2024 3:00 pm JST Earnings

5834 SBI Leasing Services Co., Ltd. 【J-GAAP】

Earnings Report

SBI Leasing Services Co., Ltd. <5834> [TSE-G] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 12.3% from the same period last year, reaching 2.74 billion yen. The progress rate against the 5.3 billion yen full-year plan was 51.8%, almost the same as the same period of the previous year of 49.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 2.2% from the same period last year, reaching 2.55 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 10.4% from the same period last year, reaching 1.54 billion yen. However, the operating profit margin decreased from 11.1% in the same period last year to 9.8%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 18,033 1,723 1,621 998 140.8 45.9 Oct 28, 2022 J-GAAP
Apr - Sep, 2023 26,699 2,600 2,448 1,727 222.2 49.5 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 20,381 2,984 2,748 1,902 244.3 51.8 Oct 29, 2024 J-GAAP
YoY -23.7% +14.8% +12.3% +10.1% +10.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 0 Apr 26, 2024 J-GAAP
Apr - Sep, 2024 Results 20,381 2,984 2,748 1,902 244.3 0 Oct 29, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 27,447 2,710 2,496 1,720 221.2 100 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 34,119 2,716 2,552 1,748 222.9 100 Oct 29, 2024 J-GAAP
YoY +24.3% +0.2% +2.2% +1.6% +0.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 39,572 4,025 3,532 2,443 331.3 10 Apr 27, 2023 J-GAAP
Mar, 2024 54,146 5,310 4,944 3,447 443.3 100 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 54,500 5,700 5,300 3,650 465.4 100 Apr 26, 2024 J-GAAP
YoY +0.7% +7.3% +7.2% +5.9% +5.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,755 1,526 1,396 976 125.6 11.1 Oct 27, 2023 J-GAAP
Oct - Dec, 2023 8,252 1,321 1,219 858 110.3 16.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 19,195 1,389 1,277 862 110.9 7.2 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 2,470 1,223 1,207 817 105.2 49.5 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 17,911 1,761 1,541 1,085 139.4 9.8 Oct 29, 2024 J-GAAP
YoY +30.2% +15.4% +10.4% +11.2% +11.0%

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