Worth reading
58In focus
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
23.6
% (year-on-year growth rate for revenue and ordinary income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥32,603 million+23.6%
Operating profit¥6,513 million+22.9%
Ordinary income¥6,033 million+23.6%
Net income¥4,091 million+23.8%
Selling, general and administrative expenses¥2,376 million
Gross Profit Margin27.3% (year-on-year change in percentage points: Not disclosed)
Operating profit margin20.0% (year-on-year change in percentage points: Not disclosed)
Results for the three months of the current quarterOrdinary income: ¥2,234 million; sales of product equity investments and other products: ¥28,808 million (three months of the second quarter of the fiscal year ending March 2027)
Full-year earnings forecast
Net Sales
¥66,000 million
Operating profit
¥10,400 million
Ordinary income
¥8,900 million
Net income
¥6,100 million
Sales of investment products and equity interests, etc.
¥143,000 million
Origination amount
¥450,000 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales49.4%
Operating profit62.6%
Ordinary income67.8%
Net income67.1%
Sales of investment products and equity interests, etc.53.4%
JOL products48.2%
JOLCO products56.2%
Origination amount59.9%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Stronger sales operations, a competitive product lineup, the development of large institutional investors and new customers, steady investor demand, and the limited impact of the situation in the Middle East
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Planned sales mix: aircraft JOLCO denominated in yen, 40%; aircraft JOLCO denominated in US dollars, 25%; aircraft JOL, 35%. Only a qualitative explanation was provided regarding the impact of foreign exchange rates and interest rates.New initiatives
- Strengthening the sales organization and reviewing the organizational structure
- Strengthening approaches to leading partners and large institutional investors
- Expanding the product lineup, including JOL and JOLCO, aircraft and vessels, and yen- and US dollar-denominated products
- Deepening collaboration with SBI Group companies through joint deal structuring and reciprocal customer referrals
Key KPIsA metric the company considers important as a management benchmark.
- Sales of investment products and equity interests, etc.¥76,377 million+16.5%
- Origination amount¥269,500 million+53.9%
- Inventory balance¥1,022 100 million+11.7%
- Number of partners463 Engagements
- Sales through the SBI Group network¥82.3 100 million
Unit price and quantity metricsThese figures show sales broken down by price and volume.
JOL products: 4 aircraft, ¥24.1 billion; sales value per JOLCO transaction: ¥116 millionSegment results
JOL
Sales value¥24,106 million
Year on year against the same period last year+34.3%
JOLCO
Sales value¥52,271 million
Year on year against the same period last year+9.8%
Medium-term management plan targets
Stable and continuous growth in ordinary income at an average rate of 10% plus a certain additional marginMarket Size / Share
JOL and JOLCO market size: ¥1,393.0 billion (2027 forecast); company sales value: ¥126.9 billion and market share: 11.0% (fiscal 2025)Number of stores and locations
26, 12, 6 and 67 locations were listed as sales locations for SBI Group companies. The number of openings and closures during the period was Not disclosed.Number of employees
85 (as of the end of September 2026, including contract employees)Annual Dividend
Annual¥115 per share
Interim¥30 per share
End of period¥85 per share
Payout ratio
Consolidated payout ratio of at least 30% as a guideline| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥32,603 million (YoY +23.6%) |
| Operating profit | ¥6,513 million (YoY +22.9%) |
| Ordinary income | ¥6,033 million (YoY +23.6%) |
| Net income | ¥4,091 million (YoY +23.8%) |
| Gross Profit Margin | 27.3% (year-on-year change in percentage points: Not disclosed) |
| Operating profit margin | 20.0% (year-on-year change in percentage points: Not disclosed) |
| Selling, general and administrative expenses | ¥2,376 million |
| Results for the three months of the current quarter | Ordinary income: ¥2,234 million; sales of product equity investments and other products: ¥28,808 million (three months of the second quarter of the fiscal year ending March 2027) |
| Full-year earnings forecast | Net Sales ¥66,000 million / Operating profit ¥10,400 million / Ordinary income ¥8,900 million / Net income ¥6,100 million / Sales of investment products and equity interests, etc. ¥143,000 million / Origination amount ¥450,000 million |
| Progress against full-year forecast | Net Sales 49.4% / Operating profit 62.6% / Ordinary income 67.8% / Net income 67.1% / Sales of investment products and equity interests, etc. 53.4% / JOL products 48.2% / JOLCO products 56.2% / Origination amount 59.9% |
| Segment results | JOL Sales value ¥24,106 million / yoy_pct ¥34.3 million / JOLCO Sales value ¥52,271 million / yoy_pct ¥9.8 million |
| Breakdown of Factors Affecting the Change | Stronger sales operations, a competitive product lineup, the development of large institutional investors and new customers, steady investor demand, and the limited impact of the situation in the Middle East |
| Key KPIs | Sales of investment products and equity interests, etc. ¥76,377 million (YoY +16.5%), Origination amount ¥269,500 million (YoY +53.9%), Inventory balance ¥1,022 100 million (YoY +11.7%), Number of partners 463 Engagements, Sales through the SBI Group network ¥82.3 100 million |
| Unit price and quantity metrics | JOL products: 4 aircraft, ¥24.1 billion; sales value per JOLCO transaction: ¥116 million |
| Number of stores and locations | 26, 12, 6 and 67 locations were listed as sales locations for SBI Group companies. The number of openings and closures during the period was Not disclosed. |
| Number of employees | 85 (as of the end of September 2026, including contract employees) |
| Assumptions Underlying the Business Outlook | Planned sales mix: aircraft JOLCO denominated in yen, 40%; aircraft JOLCO denominated in US dollars, 25%; aircraft JOL, 35%. Only a qualitative explanation was provided regarding the impact of foreign exchange rates and interest rates. |
| Medium-term management plan targets | Stable and continuous growth in ordinary income at an average rate of 10% plus a certain additional margin |
| Annual Dividend | Annual ¥115 per share / Interim ¥30 per share / End of period ¥85 per share |
| Payout ratio | Consolidated payout ratio of at least 30% as a guideline |
| Market Size / Share | JOL and JOLCO market size: ¥1,393.0 billion (2027 forecast); company sales value: ¥126.9 billion and market share: 11.0% (fiscal 2025) |
| New initiatives | Strengthening the sales organization and reviewing the organizational structure, Strengthening approaches to leading partners and large institutional investors, Expanding the product lineup, including JOL and JOLCO, aircraft and vessels, and yen- and US dollar-denominated products, Deepening collaboration with SBI Group companies through joint deal structuring and reciprocal customer referrals |
Items this document does not state (7)
Self-assessment against the planRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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.In addition to steady investor demand, stronger sales operations, a competitive product lineup, and the development of large institutional investors and new customers drove sales. The impact of heightened tensions in the Middle East was limited.
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.