Komori
Presentation materials for financial results5845ZENHOREN CO.,LTD.Financials (excluding banks)

Presentation Materials for the Fiscal Year Ending March 2026 Results

For the fiscal year ending March 2026, revenue, operating profit, ordinary profit and net income all exceeded the previous fiscal year, reaching record highs since listing. Reflecting the benefits of collaboration with MUFG, the Company revised upward its long-term management plan for the fiscal year ending March 2030, raising its targets to ¥360 billion in revenue and ¥6.3 billion in operating profit.

Worth reading
56In 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
1000
Million yen (amount of the upward revision to the operating profit plan for the fiscal year ending March 2030)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥26,188 million+2.1%
Operating profit¥3,173 million+24.5%
Ordinary income¥3,178 million+25.2%
Net income¥1,728 million+6.6%
Selling, general and administrative expenses¥15,059 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。
Actual results for the fiscal year ending March 2026 versus the initial plan
Net Sales100.7%
Operating profit119.0%
Ordinary income119.4%
Profit/loss after tax94.5%
ROE94.4%
PBR87.1%
Market capitalization88.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and profit both exceeded the initial plan, but metrics such as ROE fell short of target due to the chairman's retirement allowance recorded as an extraordinary loss and a decline in the share price
New initiatives
  • Launch of the Mitsubishi UFJ Card Plan
  • Establishment and launch of a customer collaboration scheme with MUFG
  • Expansion of card payment functionality for business and student users
  • AI Partnership with IBM Japan
  • Testing of AI screening, an AI resolution guidance model and AI telephone operators
  • Establishment of an Operations Headquarters and reorganization of the Operations Center
Key KPIsA metric the company considers important as a management benchmark.
  • Number of partner company locations58,524 Location
    Year on year against the same period last year+8.1%
  • Cumulative number of rent guarantee contracts450.2 ten thousand items
    Year on year against the same period last year+6.1%
  • Number of in-force policies195.9 ten thousand items
    Year on year against the same period last year+0.6%
  • 30-day subrogation rate after early payment deductions0.45 %
    Year on year against the same period last year▲0.01pt
  • Subrogation payment recovery rate96.4 %
    Year on year against the same period last year+0.4pt
  • Number of locations using Z-WEB2.020,617 Location
    Year on year against the same period last year+8,036 locations
  • Electronic application rate41.4 %
    Year on year against the same period last year+4.0pt
  • Electronic contract rate25.9 %
    Year on year against the same period last year+1.8pt
  • Adjusted EBITDA margin31.7 %
    Year on year against the same period last year+0.3pt
Medium-term management plan targets
Period CoveredFiscal year ending March 2027 to fiscal year ending March 2030
Fiscal year ending March 2030
Net Sales¥36,000 million
Operating profit¥6,300 million
Ordinary income¥6,300 million
Profit/loss after tax¥4,300 million
ROE27.2%
PBR4.2
Market capitalization¥66,900 million
Financial targets
ROE
Target for the fiscal year ending March 203027.2%
Actual results for the fiscal year ending March 202621.2%
Equity ratio
Fiscal year ending March 202531.6%
Fiscal year ending March 202632.5%
Number of stores and locations
End of period
Number of partner company locations58,524
Number of locations using Z-WEB2.020,617
Change during the period
Number of partner company locations+4,401 locations
Number of locations using Z-WEB2.0+8,036 locations
Annual Dividend
Annual dividend per share¥40
Breakdown
End of period¥40
Payout ratio
50% or higher
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥26,188 million (YoY +2.1%)
Operating profit¥3,173 million (YoY +24.5%)
Ordinary income¥3,178 million (YoY +25.2%)
Net income¥1,728 million (YoY +6.6%)
Selling, general and administrative expenses¥15,059 million
Progress against full-year forecastActual results for the fiscal year ending March 2026 versus the initial plan Net Sales 100.7% / Operating profit 119.0% / Ordinary income 119.4% / Profit/loss after tax 94.5% / ROE 94.4% / PBR 87.1% / Market capitalization 88.2%
Self-assessment against the planRevenue and profit both exceeded the initial plan, but metrics such as ROE fell short of target due to the chairman's retirement allowance recorded as an extraordinary loss and a decline in the share price
Key KPIsIndicator name Number of partner company locations / Value 58,524 Location / Year on year against the same period last year +8.1%, Indicator name Cumulative number of rent guarantee contracts / Value 450.2 ten thousand items / Year on year against the same period last year +6.1%, Indicator name Number of in-force policies / Value 195.9 ten thousand items / Year on year against the same period last year +0.6%, Indicator name 30-day subrogation rate after early payment deductions / Value 0.45 % / Year on year against the same period last year ▲0.01pt, Indicator name Subrogation payment recovery rate / Value 96.4 % / Year on year against the same period last year +0.4pt, Indicator name Number of locations using Z-WEB2.0 / Value 20,617 Location / Year on year against the same period last year +8,036 locations, Indicator name Electronic application rate / Value 41.4 % / Year on year against the same period last year +4.0pt, Indicator name Electronic contract rate / Value 25.9 % / Year on year against the same period last year +1.8pt, Indicator name Adjusted EBITDA margin / Value 31.7 % / Year on year against the same period last year +0.3pt
Number of stores and locationsEnd of period Number of partner company locations 58,524 / Number of locations using Z-WEB2.0 20,617 / Change during the period Number of partner company locations +4,401 locations / Number of locations using Z-WEB2.0 +8,036 locations
Medium-term management plan targetsPeriod Covered Fiscal year ending March 2027 to fiscal year ending March 2030 / Fiscal year ending March 2030 Net Sales ¥36,000 million / Operating profit ¥6,300 million / Ordinary income ¥6,300 million / Profit/loss after tax ¥4,300 million / ROE 27.2% / PBR 4.2 / Market capitalization ¥66,900 million
Financial targetsROE Target for the fiscal year ending March 2030 27.2% / Actual results for the fiscal year ending March 2026 21.2% / Equity ratio Fiscal year ending March 2025 31.6% / Fiscal year ending March 2026 32.5%
Annual DividendAnnual dividend per share ¥40 / Breakdown Interim Not disclosed / End of period ¥40
Payout ratio50% or higher
New initiativesLaunch of the Mitsubishi UFJ Card Plan, Establishment and launch of a customer collaboration scheme with MUFG, Expansion of card payment functionality for business and student users, AI Partnership with IBM Japan, Testing of AI screening, an AI resolution guidance model and AI telephone operators, Establishment of an Operations Headquarters and reorganization of the Operations Center
Items this document does not state (15)
Gross Profit MarginOperating profit marginResults for the three months of the current quarterFull-year earnings forecastSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.

The collaboration with MUFG entered the implementation phase, and synergies in areas such as credit card products and customer collaboration were realized and became apparent. In addition, credit costs declined as a result of more sophisticated screening and stronger collections.

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.
Presentation Materials for the Fiscal Year Ending March 2026 Results | ZENHOREN CO.,LTD. (5845) timely disclosure | Komori