Fiscal Year Ending March 2026 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Business Results

For the fiscal year ending March 2026, consolidated net sales were 64,257 million yen (up 53.3% YoY), operating income was 9,730 million yen (up 44.6% YoY), ordinary income was 8,681 million yen (up 42.7% YoY), and net income attributable to owners of parent was 6,051 million yen (up 37.9% YoY). The increase in sales was driven by higher sales of eight aircraft and expansion of ship finance products. While the economic environment shows a gradual recovery trend, uncertainties remain due to geopolitical risks overseas and soaring fuel prices.

Overview of Financial Position and Cash Flows

Total assets stood at 112,264 million yen (an increase of 6,487 million yen from the previous fiscal year), and net assets were 28,752 million yen (an increase of 3,579 million yen). Current liabilities decreased, while non-current liabilities increased due to bond issuance and increased long-term borrowings. Cash flows from operating activities improved to a net inflow of 13 million yen, investing activities recorded a net outflow of 254 million yen, and financing activities recorded a net outflow of 1,605 million yen.

Dividends and Stock Split

The annual dividend for the fiscal year ending March 2026 was increased to 230 yen (from 170 yen the previous fiscal year), with a payout ratio of 30.1%. Additionally, a stock split was implemented on April 1, 2026, splitting one share into two, aiming to improve liquidity and broaden the investor base.

Outlook

For the fiscal year ending March 2027, consolidated earnings are forecasted at net sales of 66,000 million yen (up 2.7% YoY), operating income of 10,400 million yen (up 6.9% YoY), ordinary income of 8,900 million yen (up 2.5% YoY), and net income attributable to owners of parent of 6,100 million yen (up 0.8% YoY). The company will continue to focus on stable supply and sales of JOLCO and JOL products to achieve sustainable growth.