Worth reading
71In 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
7
% (year-on-year change in interim net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond 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¥23,756 million+3.0%
Operating profit¥14,956 million+0.2%
Ordinary income¥17,992 million+6.7%
Net income¥12,487 million+7.0%
Results for the three months of the current quarter
New guarantee execution amount
¥5,777 hundred million
Number of new guarantees executed
16,462 Engagements
Full-year earnings forecast
Operating revenue
¥60,600 million
Operating Expenses
¥18,600 million
Operating profit
¥42,000 million
Non-operating income
¥6,400 million
Non-operating Expenses
¥1,200 million
Ordinary income
¥47,200 million
Extraordinary Gains and Losses
¥300 million
Profit attributable to owners of the parent
¥32,700 million
Earnings per share
¥245.92
Dividend per share
¥123
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。
Subrogation payment rate
0.08 % annualized
Recovery rate from collateral disposals
73.9 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in operating revenue+¥600 million
- Recognition of a provision for five years of benefit payments associated with the introduction of a stock benefit trust scheme-¥700 million
- Increase in interest and dividends received, etc.+¥0.8 billion
- Equity in earnings of affiliates+¥0.3 billion
- Gain on sale of cross-shareholdings+¥100 million
- Amount equivalent to the gain on negative goodwill arising from the transfer of shares in 中日本総合信用+¥170 million
- Increase in income taxes, etc.-¥400 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Guarantee Obligations Outstanding
¥22.5 1 trillion
New guarantee execution amount
¥19,600 hundred million
Subrogation payment amount
¥170 hundred million
Collection of subrogation claims
¥110 hundred million
New initiatives
- 中日本総合信用株式会社 becoming an equity-method affiliate
- Rollout of DX services specializing in applications for preliminary screening
- Share buybacks of up to ¥8 billion
- Growth investments in housing and lifestyle-related fields
Key KPIsA metric the company considers important as a management benchmark.
- Guarantee Obligations Outstanding¥21.6 1 trillionYear on year against the same period last year+9.3%
- New guarantee execution amount¥10,664 hundred millionYear on year against the same period last year+17.2%
- Subrogation payment amount¥7,811 millionYear on year against the same period last year+1.7%
- Interest and dividends received, etc.¥32 hundred millionYear on year against the same period last year+33.4%
- ROE14 % target
Unit price and quantity metricsThese figures show sales broken down by price and volume.
New guarantee execution amount
¥10,664 hundred million
Year on year against the same period last year+17.2%
Number of new guarantees executed
30,648 Engagements
Financial targets
ROE
Target14 %
Market Size / Share
Market for new residential mortgage lending
¥21 1 trillion
Company share
9 %
Outstanding private-sector residential mortgages
¥210 1 trillion
Our Share_Loan Balance
10 %
Number of stores and locations
Number of Stores at Period-End12 Stores
Number of employees
Consolidated378 people
Standalone319 people
Reference dateEnd-March 2026
Annual Dividend
Annual dividend per share¥123
End of period¥73
Payout ratio
50 %
Total payout ratio
74 %
Acquisition of treasury shares
Amount under the acquisition limit¥80 hundred million
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥23,756 million (YoY +3.0%) |
| Operating profit | ¥14,956 million (YoY +0.2%) |
| Ordinary income | ¥17,992 million (YoY +6.7%) |
| Net income | ¥12,487 million (YoY +7.0%) |
| Results for the three months of the current quarter | New guarantee execution amount ¥5,777 hundred million / Number of new guarantees executed 16,462 Engagements |
| Full-year earnings forecast | Operating revenue ¥60,600 million / Operating Expenses ¥18,600 million / Operating profit ¥42,000 million / Non-operating income ¥6,400 million / Non-operating Expenses ¥1,200 million / Ordinary income ¥47,200 million / Extraordinary Gains and Losses ¥300 million / Profit attributable to owners of the parent ¥32,700 million / Earnings per share ¥245.92 / Dividend per share ¥123 |
| Progress against full-year forecast | Subrogation payment rate 0.08 % (annualized) / Recovery rate from collateral disposals 73.9 % |
| Breakdown of Factors Affecting the Change | Factors Increase in operating revenue / Amount +¥600 million, Factors Recognition of a provision for five years of benefit payments associated with the introduction of a stock benefit trust scheme / Amount -¥700 million, Factors Increase in interest and dividends received, etc. / Amount +¥0.8 billion, Factors Equity in earnings of affiliates / Amount +¥0.3 billion, Factors Gain on sale of cross-shareholdings / Amount +¥100 million, Factors Amount equivalent to the gain on negative goodwill arising from the transfer of shares in 中日本総合信用 / Amount +¥170 million, Factors Increase in income taxes, etc. / Amount -¥400 million |
| Key KPIs | Indicator name Guarantee Obligations Outstanding / Value ¥21.6 1 trillion / Year on year against the same period last year ¥9.3 1 trillion, Indicator name New guarantee execution amount / Value ¥10,664 hundred million / Year on year against the same period last year ¥17.2 hundred million, Indicator name Subrogation payment amount / Value ¥7,811 million / Year on year against the same period last year ¥1.7 million, Indicator name Interest and dividends received, etc. / Value ¥32 hundred million / Year on year against the same period last year ¥33.4 hundred million, Indicator name ROE / Value 14 % (target) / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | New guarantee execution amount ¥10,664 hundred million / Number of new guarantees executed 30,648 Engagements |
| Number of stores and locations | Number of Stores at Period-End 12 Stores / Openings and closures during the period Not disclosed |
| Number of employees | Consolidated 378 people / Standalone 319 people / Reference date End-March 2026 / Changes during the period and hiring plan Not disclosed |
| Assumptions Underlying the Business Outlook | Guarantee Obligations Outstanding ¥22.5 1 trillion / New guarantee execution amount ¥19,600 hundred million / Subrogation payment amount ¥170 hundred million / Collection of subrogation claims ¥110 hundred million |
| Financial targets | ROE Target 14 % / Actual results Not disclosed |
| Annual Dividend | Annual dividend per share ¥123 / Interim Not disclosed / End of period ¥73 |
| Payout ratio | 50 % |
| Acquisition of treasury shares | Amount under the acquisition limit ¥80 hundred million / Number of Shares Not disclosed / Period Not disclosed |
| Market Size / Share | Market for new residential mortgage lending ¥21 1 trillion / Company share 9 % / Outstanding private-sector residential mortgages ¥210 1 trillion / Our Share_Loan Balance 10 % |
| New initiatives | 中日本総合信用株式会社 becoming an equity-method affiliate, Rollout of DX services specializing in applications for preliminary screening, Share buybacks of up to ¥8 billion, Growth investments in housing and lifestyle-related fields |
Items this document does not state (10)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesSelf-assessment against the planSegment resultsRisk amount incorporated into the outlookMedium-term management plan targetsCapital 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.Operating revenue increased due to the accumulation of guarantee obligations outstanding, while non-operating and extraordinary income increased as a result of higher interest and dividend income, the recognition of equity-method investment gains, and gains on the sale of cross-shareholdings.
How to read this page
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