Financial Summary for the Fiscal Year Ending December 2025 [Japanese Standards] (Consolidated)

Overview of Business Performance

For the fiscal year ending December 2025, consolidated results recorded net sales of JPY 38,738 million (up 24.4% YoY), operating income of JPY 18,884 million (up 55.9% YoY), ordinary income of JPY 16,625 million (up 42.9% YoY), and net income attributable to owners of parent of JPY 10,542 million (up 30.9% YoY), marking a record high profit. The core operating lease business performed strongly, with product investment sales totaling JPY 150,247 million (up 33.0% YoY) and product formation amount reaching JPY 542,388 million (up 88.9% YoY), showing solid growth. The real estate, environmental energy, and private equity investment businesses also posted revenue increases. Although the equity ratio slightly declined to 25.0%, total assets expanded to JPY 293,632 million.

Outlook and Dividend Policy

For the fiscal year ending December 2026, earnings guidance forecasts net sales of JPY 48,960 million (up 26.4% YoY), operating income of JPY 23,580 million (up 24.9% YoY), ordinary income of JPY 19,670 million (up 18.3% YoY), and net income attributable to owners of parent of JPY 13,000 million (up 23.3% YoY). The core operating lease business plans a record-high product investment sales amount of JPY 180 billion. Dividends will balance performance linkage and stable payout; JPY 87 per share (payout ratio 50.0%) is planned for 2025, and JPY 108 per share (payout ratio 50.3%) for 2026.