Recovery of the Digital Finance and Resort Businesses Driven by Southeast Asia's Recovery from COVID-19
First written in FY2021. 8 of 13 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-08-14.
The whole theme swung hardest in 2021: 1 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Group Lease PCL. and its subsidiaries, which operate the Digital Finance business, are engaged in major litigation in connection with disputes with the J Trust Group. Accordingly, the group has restrained new lending and focused on collections in all countries where it operates as part of conservative risk management. As a result, both revenue and segment profit have declined, and difficult conditions caused by the burden of litigation-related costs are expected to continue for the next several years. Going forward, the group aims to achieve new growth in line with conditions by country and product.」
The company continues to indicate its policy of restraining new lending and focusing on collections, the difficult conditions caused by litigation-related costs, the expectation that these conditions will continue for the next several years, and its policy of renewed growth by country and product. - FY2025SoftenedAnnual report
「As a result, both revenue and profit have declined, and difficult conditions caused by the burden of litigation-related costs are expected to continue for the next several years. Going forward, the company aims to achieve new growth in line with conditions by country and product.」
The policy of renewed growth centered on Southeast Asia's recovery will be maintained, but the company indicated that difficult conditions caused by declining revenue and profit and litigation-related costs are expected to continue for the next several years, weakening the outlook for the timing of recovery. - FY2024AdvancedAnnual report
「From 2025 onward, we will begin a new phase of renewed growth according to conditions by country and product. At the same time, all countries are being affected by the adverse effects of global inflation, so we will carefully assess developments while pursuing business growth.」
With recovery from the COVID-19 pandemic as the basis for renewed growth, the company specified the timing for beginning a new phase of growth from 2025 onward and the method of carefully expanding by country and product. - FY2023AdvancedAnnual report
「New contracts have already increased in Cambodia and Thailand, leading to higher revenue and profit. In economically distressed Myanmar, Laos and Sri Lanka, the company is also engaged in direct lending. Demand in this area is currently firm, and lending is increasing as the business moves toward stronger performance.」
The company has explained that, with renewed growth centered on Southeast Asia's recovery, new contracts, revenue and profit are increasing in Cambodia and Thailand, while direct lending is increasing and performing well in Myanmar and Sri Lanka. - FY2023-Q3AdvancedAnnual report
「New contracts have already increased in Cambodia and Thailand, leading to higher revenue and profit. By contrast, in economically distressed Myanmar, Laos and Sri Lanka, prices of imported motorcycles and other products have risen more than twofold, reducing prospective customers' willingness to buy and their relative repayment capacity. Conditions therefore do not support expanding leasing and similar businesses. In Myanmar and Sri Lanka, however, direct lending to individuals, in addition to leasing, is a core business, and demand in this area remains firm. Lending is increasing and performance is beginning to improve.」
As renewed growth centered on recovery from the COVID-19 pandemic took shape, new contracts, revenue and profit increased in Cambodia and Thailand, while direct lending expanded in Myanmar and Sri Lanka. At the same time, country-specific measures to restrain leasing expansion in economically distressed countries became more concrete. - FY2023-Q1AdvancedAnnual report
「New contracts have already increased in Cambodia and Thailand, leading to higher revenue and profit. By contrast, in Myanmar, Laos and Sri Lanka, which are facing economic hardship, prices of imported motorcycles and other products have risen sharply, in some cases to more than double their previous levels. Potential customers' willingness to purchase has declined and their relative repayment capacity has deteriorated, leaving no basis for expanding leasing and similar businesses.」
In the Digital Finance business, new contracts, revenue and profit are increasing in Cambodia and Thailand, while country-specific development continues to limit the expansion of leasing in Myanmar, Laos and Sri Lanka. - FY2022AdvancedAnnual report
「In 2022, the company began a new phase of renewed growth in line with conditions by country and product.」
The company has explained that it began a new phase of renewed growth in the Digital Finance business, tailored to conditions by country and product, against a backdrop of recovery from the COVID-19 pandemic. - FY2022-Q3AdvancedAnnual report
「The group is reaching the stage of shifting gradually from its previous policy of focusing on collecting operating loans toward increasing lending and expanding its portfolio. Operating loans have clearly increased in Cambodia, where political and economic conditions are relatively stable, and have also begun to increase in some businesses in Thailand.」
Against a backdrop of regulatory easing and signs of economic recovery, the policy of shifting from a collection-focused approach toward lending and portfolio expansion has begun to translate into concrete increases in Cambodia and Thailand. - FY2022-Q2AdvancedAnnual report
「Since October 2021, regulatory easing and relaxed entry restrictions have progressed across the countries concerned, and signs of economic recovery have emerged. The company believes these developments will improve the business environment going forward. The group has reached the stage of beginning to shift gradually from its previous policy of focusing on collecting operating loans toward increasing lending and expanding its portfolio.」
The company has explained that, against a backdrop of regulatory easing and signs of economic recovery, the Digital Finance business has begun to shift gradually from a collection-focused approach toward lending and portfolio expansion. - FY2022-Q1AdvancedAnnual report
「Since October 2021, countries have been moving toward regulatory easing and relaxed entry restrictions, but the economic outlook remains uncertain. Accordingly, the company remains in a position where it should maintain a cautious business policy.」
While regulatory easing and relaxed entry restrictions have progressed across Southeast Asia, creating changes in the environment necessary for business expansion, the company continues to maintain a cautious business policy. - FY2021First statedAnnual report
「For the Digital Finance and Resort businesses, the recovery of Southeast Asian countries from COVID-19 will be the central theme going forward. Both businesses are gradually reaching a point where operations can resume as lockdowns and travel restrictions are lifted and governments introduce economic stimulus measures, while customers such as travellers, tourism workers and restaurant workers are expected to return as creditworthy customers.」
The company newly presented the recovery of Southeast Asia as the central theme for both businesses and aims to resume operations, see customers return and achieve a rapid recovery and growth as restrictions are lifted and stimulus measures take effect.