Fuyo General Lease, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 13%, Oct-Dec Ordinary Profit Decreases by 39%

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Wed Feb 5, 2025 2:00 pm JST Earnings

8424 Fuyo General Lease Co., Ltd. 【J-GAAP】

Earnings Report

Fuyo General Lease Co., Ltd. <8424> [TSE Prime] announced its financial results in the afternoon session on February 5th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 13.3% from the same period last year to 47.4 billion yen. The progress rate toward the full-year plan of 66 billion yen was 71.9%, also falling below the five-year average of 75.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to expand 35.9% from the same period last year, reaching 18.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 13.1 billion yen, a 39.0% decrease compared to the same period last year. The operating profit margin decreased from 11.7% in the same period last year to 8.4%.

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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	533,765	41,376	46,993	30,730	1,025.5	78.7	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	520,589	47,679	54,691	39,855	1,326.6	80.0	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	481,761	44,896	47,433	30,877	1,026.1	71.9	Feb 5, 2025	J-GAAP
YoY	-7.5%	-5.8%	-13.3%	-22.5%	-22.6%

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	358,145	32,337	35,223	24,213	805.8	245	May 8, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	27,685	31,715	22,188	738.0	225	Nov 8, 2024	J-GAAP
YoY	－	-14.4%	-10.0%	-8.4%	-8.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	688,655	51,561	59,699	38,939	1,299.3	343	May 10, 2023	J-GAAP
Mar, 2024	708,538	60,046	68,355	47,219	1,571.4	440	May 8, 2024	J-GAAP
Mar, 2025 Guidance	ー	60,000	66,000	45,000	1,496.7	450	May 8, 2024	J-GAAP
YoY	－	-0.1%	-3.4%	-4.7%	-4.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	170,196	19,970	21,559	16,849	560.8	11.7	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	187,949	12,367	13,664	7,364	245.1	6.6	May 8, 2024	J-GAAP
Apr - Jun, 2024	161,347	14,949	16,325	9,952	330.8	9.3	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	170,637	17,366	17,960	12,860	427.4	10.2	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	149,777	12,581	13,148	8,065	268.0	8.4	Feb 5, 2025	J-GAAP
YoY	-12.0%	-37.0%	-39.0%	-52.1%	-52.2%