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Mizuho Leasing Company, Limited, First Half Ordinary Profit Increases by 35%, July-September Ordinary Profit Increases by 36%

Wed Nov 6, 2024 3:30 pm JST Earnings

8425 Mizuho Leasing Company, Limited 【J-GAAP】

Earnings Report

Mizuho Leasing Company, Limited <8425> [TSE-P] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 34.7 billion yen, an increase of 35.2% compared to the same period last year. The progress rate against the 55 billion yen full-year plan was 63.2%, also surpassing the five-year average of 55.1%.

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 decrease by 19.6% from the same period last year to 20.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 36.1% from the same period last year, reaching 21.4 billion yen. The operating profit margin improved from 7.9% in the same period last year to 8.3%.

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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 228,829 17,373 22,034 15,584 64.4 54.9 Nov 8, 2022 J-GAAP
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 63.2 Nov 6, 2024 J-GAAP
YoY +9.8% +28.2% +35.2% +43.0% +31.3%

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 － 20 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 298,417 24,176 34,764 25,595 96.9 20 Nov 6, 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 384,329 20,649 25,175 17,326 71.4 21.80 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー 22,824 20,236 12,405 44.3 20 Nov 6, 2024 J-GAAP
YoY － +10.5% -19.6% -28.4% -37.9%

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 55,000 38,000 135.8 40 May 14, 2024 J-GAAP
YoY － +19.0% +8.1% +7.9% -6.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 147,944 11,663 15,739 11,070 45.7 7.9 Nov 8, 2023 J-GAAP
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
YoY +15.0% +21.8% +36.1% +43.4% +31.6%

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