Mizuho Leasing, The Current Fiscal Year Ordinary Profit Revised Upward by 9%, Raises Record High Profit Forecast, Dividend Revised Upward by 3 yen

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Wed Feb 5, 2025 3:30 pm JST Earnings

8425 Mizuho Leasing Company, Limited 【J-GAAP】

Earnings Report

Mizuho Leasing Company, Limited <8425> [TSE Prime] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 24.2% from the same period last year, reaching 49.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 9.1%, from the previous forecast of 55 billion yen to 60 billion yen (compared to 50.8 billion yen in the previous period), increasing the growth rate from 8.1% to 17.9%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 24.7%, from the previous forecast of 20.2 billion yen to 25.2 billion yen (compared to 25.1 billion yen in the same period of the previous year), turning to a 0.2% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 43 yen (compared to 192 yen before the 5-for-1 forward stock split in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 4.4% from the same period last year, reaching 14.9 billion yen. The operating profit margin improved from 4.8% in the same period last year to 7.0%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	339,816	26,716	34,713	24,757	102.3	86.5	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	502,744	30,061	40,038	27,582	113.7	78.7	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	460,914	35,627	49,715	35,802	132.9	82.9	Feb 5, 2025	J-GAAP
YoY	-8.3%	+18.5%	+24.2%	+29.8%	+16.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	ー	22,824	20,236	12,405	44.3	20	Nov 6, 2024	J-GAAP
Oct - Mar, 2024 New	ー	22,824	25,236	14,405	51.5	23	Feb 5, 2025	J-GAAP
Revision Rate	－	0.0%	+24.7%	+16.1%	+16.1%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	47,000	55,000	38,000	135.8	40	May 14, 2024	J-GAAP
Mar, 2025 New	ー	47,000	60,000	40,000	142.9	43	Feb 5, 2025	J-GAAP
Revision Rate	－	0.0%	+9.1%	+5.3%	+5.3%

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	384,329	20,649	25,175	17,326	71.4	21.80	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	22,824	25,236	14,405	51.5	23	Feb 5, 2025	J-GAAP
YoY	－	+10.5%	+0.2%	-16.9%	-27.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	529,700	31,756	40,110	28,398	117.4	29.40	May 12, 2023	J-GAAP
Mar, 2024	656,127	39,511	50,897	35,220	145.1	38.40	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	47,000	60,000	40,000	142.9	43	Feb 5, 2025	J-GAAP
YoY	－	+19.0%	+17.9%	+13.6%	-1.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	230,946	11,199	14,316	9,688	39.9	4.8	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	153,383	9,450	10,859	7,638	31.5	6.2	May 14, 2024	J-GAAP
Apr - Jun, 2024	128,217	9,970	13,336	9,720	39.1	7.8	Aug 6, 2024	J-GAAP
Jul - Sep, 2024	170,200	14,206	21,428	15,875	60.1	8.3	Nov 6, 2024	J-GAAP
Oct - Dec, 2024	162,497	11,451	14,951	10,207	37.9	7.0	Feb 5, 2025	J-GAAP
YoY	-29.6%	+2.3%	+4.4%	+5.4%	-5.1%