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Mizuho Leasing, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 5%, Dividend Revised Upward by 2 Yen

Thu Nov 6, 2025 5:30 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 November 6th (17:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 35.1 billion yen, a 1.0% increase compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 5.3%, from the previous forecast of 57.0 billion yen to 60.0 billion yen (compared to 66.2 billion yen in the previous period), and the declining rate is expected to decrease from 13.9% to 9.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 20.9% from the same period last year to 24.8 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 48 yen to 50 yen (compared to 47 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 16.6 billion yen, a 22.3% decrease compared to the same period last year. The operating profit margin worsened from 8.3% in the same period last year to 5.6%.

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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, 2023 271,798 18,862 25,722 17,894 73.8 50.5 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 298,417 24,176 34,764 25,595 96.9 52.5 Nov 6, 2024 J-GAAP
Apr - Sep, 2025 430,605 23,458 35,111 29,053 103.8 58.5 Nov 6, 2025 J-GAAP
YoY +44.3% -3.0% +1.0% +13.5% +7.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 24 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 430,605 23,458 35,111 29,053 103.8 25 Nov 6, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev ー 45,000 57,000 43,000 153.5 48 May 13, 2025 J-GAAP
Mar, 2026 New ー 45,000 60,000 45,000 160.6 50 Nov 6, 2025 J-GAAP
Revision Rate － 0.0% +5.3% +4.7% +4.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 397,006 24,790 31,455 16,443 60.5 27 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー 21,542 24,889 15,947 56.9 25 Nov 6, 2025 J-GAAP
YoY － -13.1% -20.9% -3.0% -5.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 656,127 39,511 50,897 35,220 145.1 38.40 May 14, 2024 J-GAAP
Mar, 2025 695,423 48,966 66,219 42,038 154.5 47 May 13, 2025 J-GAAP
Mar, 2026 Guidance ー 45,000 60,000 45,000 160.6 50 Nov 6, 2025 J-GAAP
YoY － -8.1% -9.4% +7.0% +3.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 234,509 13,339 16,504 6,236 22.9 5.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 219,516 11,640 18,469 15,224 54.4 5.3 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 211,089 11,818 16,642 13,829 49.4 5.6 Nov 6, 2025 J-GAAP
YoY +24.0% -16.8% -22.3% -12.9% -17.8%

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