Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
12.7
% (year-on-year growth in sales of product investments and other products; ordinary profit is up 2.5%)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateWhat happened to the previous planIndicator Origination amount / Value ¥320 billion, Indicator Sales of investment products and equity interests, etc. / Value ¥123.0 billion, Indicator Ordinary profit / Value ¥7.00 billion → Indicator Formation amount (actual) / Value ¥407.1 billion, Indicator Sales of product investments and other products (actual) / Value ¥126.9 billion, Indicator Ordinary profit (actual) / Value ¥8.68 billion（Indicator Origination amount / Value ＋27.2％, Indicator Sales of investment products and equity interests, etc. / Value ＋3.2％, Indicator Ordinary profit / Value ＋24.0％）
Key initiatives
01I. Stable and sustained ordinary income growth averaging 10% plus alpha
02II. Emphasis on integrity, safety and security, and the exercise of advanced expertise
03III. Becoming a company chosen by stakeholders
04Diverse product strategy (policy of expanding the product lineup)
05Expansion of the product lineup
06Resumption of the general aviation business
07Research into and consideration of new products, including engine leasing
08Review the organizational structure and renew efforts to strengthen sales capabilities
09Acquire leading partners and strengthen approaches to major customers
10Deepen collaboration across the group
Plan assumptionsPassenger demand in the aviation industry is expected to remain at a high level, while demand for marine transportation in the shipping industry is expected to continue increasing., The JOL and JOLCO market is expected to be ¥1,275.0 billion in fiscal 2026 and is forecast to be ¥1,393.0 billion in fiscal 2027.
Segment targetSegment name JOLCO (ships and containers), JOLCO (aircraft, yen-denominated), JOLCO (aircraft, US dollar-denominated), JOL (aircraft), and other categories shown in the chart / Sales target Sales of product investments and other products for the fiscal year ending March 2027: ¥143.0 billion. The chart shows composition ratios of 40%, 25% and 35%. / Profit Target Not disclosed
Size of the Target MarketMarket JOL and JOLCO market / Figures ¥1,152.9 billion in fiscal 2025, ¥1,275.0 billion in fiscal 2026 (estimate), and ¥1,393.0 billion in fiscal 2027 (forecast) / Source アンクパートナーズ合同会社, “Market News (Mini Report): Survey of Trends in the 2026 JOLCO Market, ‘JOLCO + JOL Investment Amounts’”, Market Number of target investors / Figures More than 1 million companies / Source National Tax Agency, “Statistical Tables from the Corporation Sample Survey (Fiscal 2021): Number of Corporations Reporting Profits”, Market Potential customer market (ordinary profit reported by target corporations) / Figures Approximately ¥37 trillion / Source Ministry of Finance, “Annual Survey of Corporate Enterprises: Fiscal 2022”
Risks identified by the company
Risk of an adverse impact from deterioration in the performance of borrowers (lessees)
Risk associated with dependence on specific industries
Risk associated with securing and developing human resources
Risks related to legal and regulatory requirements
Foreign exchange risk
| Item | Details |
|---|---|
| Plan name | Basic Policy under the Medium-Term Management Plan |
| Progress against the plan | Annual update |
| Segment target | Segment name JOLCO (ships and containers), JOLCO (aircraft, yen-denominated), JOLCO (aircraft, US dollar-denominated), JOL (aircraft), and other categories shown in the chart / Sales target Sales of product investments and other products for the fiscal year ending March 2027: ¥143.0 billion. The chart shows composition ratios of 40%, 25% and 35%. / Profit Target Not disclosed |
| Plan assumptions | Passenger demand in the aviation industry is expected to remain at a high level, while demand for marine transportation in the shipping industry is expected to continue increasing., The JOL and JOLCO market is expected to be ¥1,275.0 billion in fiscal 2026 and is forecast to be ¥1,393.0 billion in fiscal 2027. |
| Key initiatives | I. Stable and sustained ordinary income growth averaging 10% plus alpha, II. Emphasis on integrity, safety and security, and the exercise of advanced expertise, III. Becoming a company chosen by stakeholders, Diverse product strategy (policy of expanding the product lineup), Expansion of the product lineup, Resumption of the general aviation business, Research into and consideration of new products, including engine leasing, Review the organizational structure and renew efforts to strengthen sales capabilities, Acquire leading partners and strengthen approaches to major customers, Deepen collaboration across the group |
| Results under the previous plan | Indicator Origination amount / Value ¥320 billion, Indicator Sales of investment products and equity interests, etc. / Value ¥123.0 billion, Indicator Ordinary profit / Value ¥7.00 billion → Indicator Formation amount (actual) / Value ¥407.1 billion, Indicator Sales of product investments and other products (actual) / Value ¥126.9 billion, Indicator Ordinary profit (actual) / Value ¥8.68 billion（Indicator Origination amount / Value ＋27.2％, Indicator Sales of investment products and equity interests, etc. / Value ＋3.2％, Indicator Ordinary profit / Value ＋24.0％） |
| Size of the Target Market | Market JOL and JOLCO market / Figures ¥1,152.9 billion in fiscal 2025, ¥1,275.0 billion in fiscal 2026 (estimate), and ¥1,393.0 billion in fiscal 2027 (forecast) / Source アンクパートナーズ合同会社, “Market News (Mini Report): Survey of Trends in the 2026 JOLCO Market, ‘JOLCO + JOL Investment Amounts’”, Market Number of target investors / Figures More than 1 million companies / Source National Tax Agency, “Statistical Tables from the Corporation Sample Survey (Fiscal 2021): Number of Corporations Reporting Profits”, Market Potential customer market (ordinary profit reported by target corporations) / Figures Approximately ¥37 trillion / Source Ministry of Finance, “Annual Survey of Corporate Enterprises: Fiscal 2022” |
| Risks identified | Risk of an adverse impact from deterioration in the performance of borrowers (lessees), Risk associated with dependence on specific industries, Risk associated with securing and developing human resources, Risks related to legal and regulatory requirements, Foreign exchange risk |
| Publication date | June 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-financial targetsReason for revision or withdrawalDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Ordinary profit for the fiscal year ended March 2026 exceeded the full-year forecast because costs, including cost of sales, selling, general and administrative expenses, were kept down. For the fiscal year ending March 2027, the company expects to secure competitive JOLCO products and forecasts JOL product sales to remain unchanged year on year.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.